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708735 | Fantastic Beach Resort 380+ Keys AAA Five Diamond

Fantastic Beach Resort 380+ Keys  AAA Five Diamond
Type: buy
PriceAmerican $480,000,000.00
Seller
Quantity: 1
Availability: yes
Location: California, California, United States

Fantastic Beach Resort 380+ Keys  AAA Five Diamond rated resort that offers an 18-hole championship golf course . Situated on 172 coastal acres , The Resort completed a transformative $46.1 million ($115,400 per room) capital program in June 2016 touching every aspect of the property with a design theme reflective of coastal California in the USA.

EXECUTIVE SUMMARY

Estill Secured has been retained to offer for sale the Beach Resort including a fee simple interest located along the California Riviera coastline in Orange County, California. Situated on 172 coastal acres, the AAA Five Diamond rated Beach Resort is the only California resort that offers an 18-hole championship golf course, a destination wellness spa, and access to a private oceanfront beach club. The Resort completed a transformative $46.1 million ($115,400 per room) capital program in June 2016 touching every aspect of the property with a design theme reflective of coastal California. The product offering and performance of the Resort has been further enhanced over the past 18 months with additional capital investment, the transformational renovation and extension of the Hotel Beach Club lease thatwill drive membership income and turn it into a profit center beginning in July 2020, and an increase in EBITDA of over $8.8 million (44% vs. TTM Sep. 2017).

Ownership has also advanced plans for a potential development expansion that would add valuable incremental hotel keys and/or for-sale product.

The offering presents an exceptionally scarce opportunity to acquire the fee simple interest in a fully renovated

coastal luxury destination resort with the ability to evaluate alternative brand and management options.

Hotel Beach Resort is currently managed– an independent management company highly experienced in resort, golf, and membership – but is available free and clear of brand and management encumbrance without termination fee. With its superior physical attributes and strategic California coastal location Hotel  Beach Resort is suitable for conversion to any of the luxury hotel brands worldwide.

PRICE 500 MILLION OR 450 MILLION  340M ASSUMABLE LOAN INTEREST PAYMENT ONLY IN LOW 400's!

To move forward:

 

-       Buyer / Buyer Rep to sign asset specific NCND/MFA

Buyer to submit Non-binding LOI and POF to connect with seller


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