Tourism to Yucatan is growing rapidly and the beaches around Progreso have become a major attraction. There are no hotels, big or small right on the beach in Progreso... indeed upmarket hotel accommodation for the short stay tourist, or visitor is almost non-existent along this part of the gulf coast.
The property has 40 meters (132 ft.) of beachfront, approximately ½ acre in size and is located in a quiet residential area, within 15 minutes walking distance to the restaurants, shopping and markets of the central downtown Malecon area. The Villa is approximately 15 years old, in excellent structural condition, 7 bedrooms - 9 bathrooms... well suited to our hotel concept, with large kitchen, dining, living and terraced areas. There is not another estate lot property within the city of Progreso , with a 20 x 50 meter empty lot attached. It is the ideal location for many reasons:
- It's on the beach
- Proximity to downtown (1 km)
- Telephone land lines and hi-speed Internet
- City water plus sweet water well
- Safety and quietness of neighborhood (millionaires row)
- Close to high quality medical & dental clinics
- Safe wide white sandy beaches
- 25 minute drive on an 8 lane highway to the magic of Merida
- Centrally located for day trips along the coast and to the regions historical sites
- Room for future expansion
- Future Value
The Villa and suites will represent a stylish interpretation of the regions
natural elements, with the use of pottery, artwork, textiles, colors and
textures giving each living space a distinctive Yucatan atmosphere.
Furnishings will reflect this same theme. Each suite will have its own marble
& tile ensuite bathroom, changing area and balcony. Landscaping of the property and gardens will be integral to creating the character and ambiance
of the hotel. A 40 ft x 40 ft thatched roof palapa bar and lounge area will over look the pool and ocean.
Renovations have been started, with updates to the electrical system throughout, with a new 3 phase service on the property when required. In addition, to refurbishing, we will build four new suites, with plans to add at
least ten additional rooms in a future phase. |
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New building, renovations, refurbishing, furnishing, equipment and landscaping will take approximately 6 - 8 months to complete. Building costs in this part of Mexico are substantially lower than in the U.S. or Canada, but will take a little longer. Our target is to be open for business by October 1, 2009.
We are looking for one or two strategic investors/partners, who can share our dream.... share our vision for the future. Beachfront properties are still undervalued in this part of Mexico, but that is changing quickly as baby boomers continue to purchase retirement properties from an ever diminishing supply. Our income producing property will be unique and when completed will be a valuable asset. The investment required will range from $300,000 - $600,000. Funding time frames and parameters are flexible...compatibility, intent and shared contribution of the participants is most important.
This truly is a once in a lifetime opportunity. If the idea of living/working/retiring in one of the worlds safest most beautiful regions resonates with you, why not contact me and let me share more details.
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