MIAMI BEACH FLORIDA DEVELOPMENT PROJECTED $45,000,000 17,000 SQFT LAND BAY & DOWNTOWN VIEWS “ENTITLE  (ID: 78450)

Overview

Price: USD 45,000,000
Type: Hotels Under 100 Rooms
Location: MIAMI BEACH, Florida, United States
Rooms: 65
Year Built: 2019
Lot: 17000 SF
Construction: 35000 SF

Miami Beach Florida Development Projected $45,000,000 17,000 Sqft Land Bay & Downtown Views “entitled” 35,000 Sqft 6 Stories 65 Rooms Rooftop Pool Cabanas Retail Restaurant Bar Venue 4 Star Boutique

MIAMI BEACH FLORIDA PROJECTED $45,000,000 17,000 SQFT LAND CONSIST OF THREE ADJACENT LOTS WITH BAY & DOWNTOWN MIAMI VIEWS & TO 5:00AM ALCOHOL LICENSE “ENTITLED” FOR DEMOLISH & DEVELOP 35,000 SQFT 6 STORIES 65 ROOMS ROOFTOP POOL CABANAS RETAIL RESTAURANT BAR VENUE SPACE **** FOUR STAR BOUTIQUE HOTEL

~ $45,000,000 PROJECTED PROJECT COST
=
$10,000,000 ACQUISTION
+
$35,000,000 PROJECTED DEMOLISH GROUND UP 35,000SQFT DEVELOPMENT COST

~ $4,750,000 PROJECTED HOTEL GROSS REVENUES = 65 KEYS x $250 PER KEY PER NIGHT PROJECTED AVERAGE x 80% OCCUPANCY x 365
+
$1,750,000 PROJECTED RESTAURANT BAR GROSS REVENUES= 150 FOOD BEVERAGES SERVINGS PER DAY x $35 AVERAGE x 365
=
$6,500,000 TOTAL PROJECTED GROSS REVENUES

~ $5,250,000 PROJECTED HOTEL OPERATIONS & EXIT PLAN COST
=
$3,000,000 PROJECTED HOTEL OPERATIONS
$2,250,000 = $45,000,000 DEBT FUNDING 5% INTEREST 10 YEAR INTEREST ONLY ARM

~ $1,750,000 PROJECTED NET REVEVENUES PER YEAR

REQUIRED SIGNED,
NON-CIRCUMVENTAL NON-DISCLOSURE DSICLOSING & RECIPIENT PARTIES AGREEMENT
FINDER & ENTREPRENEUR AGREEMENT 2% NET
&
PROOF OF FUNDS

Property Highlights

  • MIAMI BEACH FLORIDA
  • ENTITLED
  • 65 KEYS BAR RESTAURANT ROOFTOP
  • **** FOUR STAR BOUTIQUE DEVELOPMENT
  • $1,750,000 PROJECTED NET REVEVENUES PER YEAR
  • TO 5:00AM ALCOHOL LICENSE

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Location: United States | Florida | MIAMI BEACH