Hello Everyone,
I have been given some new News on the Hawthorne Suites Project.
This information will help as many of you have been sitting on the fence trying to decide whether to move or not.
Here are the details:
Hawthorne Suites is located on Canada Ave just one block east of International Drive on Sandlake Road. This Condotel is just off the I-Drive Tourist Corridor of Orlando. Many of you are familiar with the area.
It is 5 minutes from Universal Studios Resort, 15 minutes from the Disney Resort and 20 minutes from the Orlando International Airport.
This is a 152 room property with 43 units not available to sell due to deed restrictions in Orange County.
This Suite Hotel has amenities to include:
Pool / Jacuzzi
Restaurant serving a FREE continental breakfast daily
Catering facilities, meeting rooms, sales and catering staff
Small convenience mart
Work out room / Small Basketball court
Game room
Onsite Hotel Management Company to rent rooms
Anticipated Management Fees are at an approx. 60-40 split with 60 % to owner
Yearly occupancy rate between 82 and 84% based on hotel history
Average room rate between $102 and $139 per unit based on hotel history
Anticipated Gross Rental revenue between $30K and $42K per year based on room configuration
Association fees are approx. $200/month
Property Insurance will be approx. 150 per month
Onsite sales team to sell units and we will stay on past closing to promote any re-sales for those investors interested in flipping their properties.
$1000.00 Reservation agreements ready to go out with unit selection NOW!!! Remaining 20% deposit required at time of sales and purchase agreement, approx. within 45 days. This project can close within 90 days.
Prices start at $170K to $225K
We have a mortgage company ready to lend on the property unless you use your own. Outside financing will require approval letter at time of sales and purchase agreement
***All disclosures will be made available at time of Sales and Purchase Agreements***
***Prices and details are subject to change***
Get in early and secure your unit and pricing!!!!
Timothy Buck
New Horizons Realty Group
Business Opportunities Specialist
International Sales, USA
Telephone: (321) 677-0500
Facsimile: (321) 677-0501
Mobile: (321) 231-0725
Email: tbuck@usafl.com
Website:
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