Horizon International Real Estate International Real Estate and Broker Service
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California Properties Call: Jim Barbour @ 386.212.3134 or Email: jim@h-i-r-e.net
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Type Lodge
Price $1,950,000.00
Facilities: Can handle up to 100 guests
Land: 12.4 Acres
Elev. 7300 Ft.
Bldgs 19 Cottages
8 B & B rooms Gourmet Rest. Art Gallery,
General Store Gift Shop Private Beach
Boat Rentals
Location Near Lake Tahoe
California - Hawaii Hotels - Motels
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Gross Income: $742,000.00
Cash Flow: $287,000.00
FF & E N/A
41% of guests have stayed
at the resort for 10 or more
years
High gross/net income which is
increasing yearly
Type
Price
Location
Facil
Bldgs
Land
Addtl facil
Hotel
$18,500,000.00
Maui
84 rooms
7
2 acres oceanfront
see narrative
This oceanfront hotel is located in a world class community. It was built in 1973, renovated in 2000 and has been meticulously
maintained ever since. A championship golf course and upscale shops within one block. The property timeshare work is 90%
completed with both state and federal authorities. The property is located on two long term land leases which have been
extended to assist with financing.The restaurant is leased on a triple net basis which generates additional revenue.
The hotel is a member of the Wyndham Family of hotels and enjoys both national and international sales exposure. The property
is located on the beach with crystal clear water which stays at a constant 72 degrees year round. The property has been
awarded the coveted RCI Timeshare Award pending the final decision to go forward with the timeshare sales program. In addition
to the renovation, over $700,000 has been spent on in room soft goods and high end upgrades in 2007. Property Amenities: All
rooms have been equipped with queen sized Tempurpedic queen sized beds. The property is the only property in Hawaii to be
100% Tempurpedic. All rooms offer in room coffee, premium cable TV with HBO, hair-dryers, microwave & Fridges, 27 inch TV,
and wireless Internet throughout the hotel. There is a timeshare fully furnished model on site along with plans and extensive
marketing analysis. The parking lot will accommodate 143 cars. The restaurant has seating for over 150 and boasts the 2nd
largest wine cellar in Hawaii. The restaurant has been awarded the 2004-2007 Four Diamond AAA Award and the 2005 Haile Anna
Restaurant of Distinction Award, and was rebuilt at the cost of $2,500,000.00 in 2000. Other Hotel Amenities include solar hot
water system, laundry room, in room safes, & in room guests safety deposit boxes. There is a business center as well as a
computer room in the lobby. The Keawakapu beach front location has been voted Best Beach in America by Conde Nast Magazine
more than 10 times. The property is zoned for both hotel and timeshares. There is an on site 4 diamond dinner only restaurant
and a 3 star breakfast, lunch and dinner restaurant. Letter of financial commitment: The current lender has issued a letter of
commitment "term sheet" for a $14,000,000.00, 30 year refinance with a floor of a 6.5% interest rate. The current franchise
agreement is fully assumable and is completely terminable within the first year for a nominal fee. This property offers a
tremendous upside and cash flow for the future.