There is a resort in Mexico that’s 35 minutes from Playa del Carmen and one hour from Cancun airport. This resort has a hotel bed shortage. They have 2,700 rooms…they need 3,000. As I write, occupancy rates have fully recovered to pre-flu scare levels. You see, this resort has a very important advantage. The company that owns it also own Europe’s second biggest travel agency. They sell and run 2.5 million vacations every year. They can channel their customers into their own hotels when things get tight.
The resort boasts all the amenities you would expect from a major high-end resort. The water here is turquoise blue…the beaches are white-sand. This is picture perfect Caribbean. The Robert Trent Jones golf course opens later this year. It will be the best golf course along this stretch of coast. Ten minutes away is the site for a new airport. Within ten years this airport is expected to rival Cancun in size and destinations it accepts flights from.
A developer is building 300 condos right on the Robert Trent Jones golf course. He did a deal with the resort operator that they would rent each of these condos when they are built. Makes sense for them. They have a 300-room shortage. The condos will be built to hotel specs. Individual buyers can purchase these units. Fit out (to hotel specs) is included. Your unit is rented to the resort for a fixed monthly rent. You don’t have to do anything. You aren’t responsible for any ongoing expenses during the period of the lease.
The pricing is extremely competitive. It generously reflects the downturn in global real estate markets. Units cost about one-third less than equivalent units down the road in Playa del Carmen. These units don’t come with the range or quality of amenities available in this resort. Today, units are available from the low $150,000s. In this example, the fixed monthly rent payable to you by the resort would be $750.
Many insiders knew that this resort has a hotel bed shortage. One insider managed to turn this information into opportunity—a developer I’ve known for several years.
Ben studied law in Mexico before completing Harvard’s prestigious MBA program. Over the last 10 years, he has sold and/or developed more than 1,000 homes (mostly targeted at the North American market) in Mexico City, Puerto Vallarta, Riviera Nayarit, and Riviera Maya. He has identified and followed major trends in each of these areas. I have been impressed when I visited his projects in the Puerto Vallarta area. He’s done a lot for a guy who is just 42-years-old.
I have already introduced Ben and this opportunity to members of Real Estate Trend Alert. Many members have visited the site. Many have purchased here. All the reports I’ve heard have been enthusiastic.
That’s why I’m glad Ben will be joining us in Puerto Vallarta this November for International Living’s Live and Invest in Mexico Seminar. This opportunity and his experience will be a valuable addition to the seminar.
Editor’s note: Today is the last day you can sign up to the Live and Invest in Mexico Seminar with the $200-per-person Early Bird discount. Full details here.
