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Best
Western Condo Hotel & Casino |
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- Units starting
at just $64,000.00
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Possible yields exceeding 18%
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Reserve a Unit with $1,000 for 30 days
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Condo/Hotel 4 Star in prime
Location
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Schedule to open March 2008
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Turn key franchise operation
sure to accomodate the highest
standards
This project is located
in the city of David,
Panama’s third largest
city.
David is the
entryway into the
picturesque town of
Boquete, long hailed as
one of the top
retirement destinations
in the world, as well as
Volcan, the next up and
coming area in Chiriqui.
The Best Western will be
located in the former
Panama Rey Hotel, and
just two blocks from the
Gran Nacional Hotel
(currently David’s top
hotel, with rates of
approximately
$80/night).
It is located on
the main road to town
from the airport, just
two blocks from the town
center.
As the largest
building in David,
tourists and visitors
will be easily drawn to
the David Best Western.
The entire
building will be
refurbished to four star
style, finishes and
amenities.
David currently
has no flagship
hotels, yet
tourism and
relocations to
the area are
increasing
exponentially
(as well as real
estate values!)
The David
Best Western
Condo Hotel will
build on solid
market
fundamentals to
provide
investors
excellent
returns.
Hotel
amenities
will
include:
• - 7th
floor
Sport
Bar and
Restaurant
• - Casino
• - Fitness
Gym
• - Executive
Lounge
• - Junior
Suites
• - Master
Suites
Junior Suite $ 69.00 plus tax
Master Suite $ 79.00 plus tax
We are forcasting 80% of Occupancy as major competitor Hotel Gran Nacional but we have to assume only 60% occupancy that is the National average in Panamá
Maintenance Fee
$ 2.00 per square meter/month
Utililities
$ 45.00 to $ 55.00 per month, based on unit size (electricity)
Income Split
70% Owner/Investor- 30% Hotel Operator
Hotel Operator Share pays for these Services:
Reservations, Check-in, Check-out, Phone, Internet, Cable, Maid,
Cleaning, Administration Sales, Maintanance, Accounting, Marketing,
Laundry.
If you are interested in learning more about
this property, please feel free to ask us
specific questions or request more information.
We will respond within 24 hours. Contact us at
Sales@bridgemon.com
Oral representations cannot be relied upon as
correctly stating representations of the
developer. For correct representations make
reference to the purchase agreement and to the
documents required by section 718.503, Florida
statutes, to be furnished by the developer to a
buyer or lessee. Not an offer where prohibited
by state statutes.
The sketches, renderings, graphic materials,
plans, specifications, terms, conditions and
statements contained in this brochure are
proposed only, and the Developer reserves the
right to modify, revise or withdraw any or all
of same in its sole discretion and without prior
notice. |
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