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Thread: Old T-Water for Sale.. Empty your piggy banks!!!

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  1. #1
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    $2.5M more realistic, based on condition of existing structures, substantially all of which need to be torn down and replaced.

    With a $2.5M US purchase price, the demolition and construction costs + operating costs, you have to have 60%+ occupancy year-round at $100US/night just to service the debt and break even (with 50 rooms) . You need more occupancy to create positive cash flow.

    60% occupancy ain't easy year round

    Yes, I've done a full fledged financial projection on this (and other) Negril property.
    Last edited by Tom Hudson; 12-12-2011 at 08:57 AM.
    Tom Hudson
    Self-Employed CPA
    Founder, Domaine Hudson wine bar & eatery, Wilmington, DE

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