Wednesday, June 24, 2009
Dear Reader,
In April I told you about an exciting opportunity in the Gran Bahia Principe Resort in Mexico’s Riviera Maya.
Prices here have already increased by 3%- 4% since I first told you about this project. And prices will rise by another 3% on Friday, June 26. This means that a unit that was originally listed for $149,000 will soon list for $158,000.
Readers can still reserve units at the original prices and terms until June 26.
I like many things about this deal. Buyers get a fixed and guaranteed rental yield from a major resort operator. The project is in an established resort in an established area. Amenities are first rate. Major infrastructure development (including a new airport) is on the way. Early-in pricing offers the potential for capital appreciation.
When I last wrote to you about this opportunity (in the middle of the flu scare) the resort was 5% occupied, down from 92% a month earlier. Since then the recovery has been stellar. Occupancy has already recovered to close to 50%. July and August occupancy is projected to be in excess of 80%. This represents a full recovery and regular occupancy for this time of year. Come October occupancy is expected to hit 90%. Cruise ships are back to normal schedule, with several ships arriving daily to Cozumel and crossing to the mainland for tourism activities. This scare has proven how robust the tourism business is here.
Of course, with this deal your rent is fixed and guaranteed—so you don’t need to worry about blips like this in any case.
I strongly urge you to check out this opportunity for yourself. Just get to Cancun airport and Benjamin and his team will take care of the logistics. You’ll have the chance to learn more about the investment opportunity—and to explore the Riviera Maya.
Sarah Cox (a former colleague) is spearheading Benjamin’s team on this project. She is standing by to hear from you: (JavaScript must be enabled to view this email address). I know she’ll take great care of you.
Ronan McMahon
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Posted Under:
mexico, rental yield, appreciation potential
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