Housing development: 

Available property: 60 titled lots for housing construction. (Ready with utilities: water plugs, electric power, cable T. V., paved roads (800 meters, 9,000 square meters), underground pluvial water drainage. The average lots size is 220 square meters (4,420 square feet).

Sales projection: 60 houses in 3 years.(20 houses per year). 
Target market: retired investors from United States and Canada.

Financing be available for 5/6 years terms.

Houses will be built under the concept of increasing the Hotel capacity.

Construction type: one story houses which will have one apartment, bedroom, living room and kitchen, plus two rooms with bath rooms and independent entrance. The two rooms will be under management contract with the hotel company, so the owner will receive an annual earning for the rent of the two rooms and have the apartment for his own personal use.

 

House total living area: 100 square meters (1,100 square feet)

The approximate cost for construction will be around US$40,000, for being sold at US$80,000 which will imply an earning of US$2,100,000 in three years with an annual earn of US$700,000.



Within three years the Hotel capacity will increase to 120 rooms which will allow the Company to deal with Major broker agencies.



The future investment in installations in accordance to the new constructed areas will increase the size of the restaurant, the casino, a new discotheque, this being projected to be built next to the new boulevard with parking lots as a commercial construction with 7/8 for offices for rent, car rentals, massage, drugstore, travel agency, and convenience store. The cost for the new improvements will get around US$350,000 for a construction area of 700 - 800 square meters.

The casino development is very important and has to be professionally designed in order to prospect clients.

Additional information:
Cost per square meter in the area of Hotel and Housing development.
Price per square meter US$60.
Total of the Project area: 26,600 square meters.
Total value for land: $1,600.500.
Constructed area: 2,250 square meters (US$370/square meter)= US$832,500
Price for the land + constructed area = $2,433.000
Stock $200,000
Casino license: $250,000
Liquor license (24/7) only one in Coco. $60,000
2 cars and 2 motor boats US$80,000 
Total amount US$3,023,000 
If possible partnership 

Actual price: US$2,900,000 

Professionally appraised in 2004.