July 23, 2009
Buenos Aires, Argentina
PLUS:
- The Word From Honduras--"Everything Here Is So Tranquilo"...
- "I'm In Search Of A Retirement Home...What Do I Start?"...
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A Rolls-Royce Lifestyle on a Dodge Dart Budget
Retire in Style Overseas...and Live Better than You Do Now...for as Little as $694 a Month
"Beachfront hideaway...elegant, big-city apartment...hillside vineyard... In the States, it's only hedge fund managers and their cronies who can afford an elite retirement like that.
"But overseas today,
you can...and on a middle-class budget. More than 441,000 retirees are already living well around the world.
I'd like to show you how to join them..."
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Dear
Overseas Opportunity Letter Reader,
"I've been beating this drum for some time now," writes resident global real estate investing expert Lief Simon, "and I'll continue to do so:
Turnkey yields. That's what you're looking for in the current global investing climate.
"Steve Rosberg, a developer in
Argentina I've worked with for seven years, has written to alert me to his latest venture in Buenos Aires. He's got my attention because what he's packaged is an interesting opportunity for turnkey yields in a market I like.
"Specifically, Steve is developing a boutique hotel in one of my favorite B.A. neighborhoods, Palermo. As
The New York Times reported recently, 'No writer is allowed to describe Palermo without comparing it to SoHo in Manhattan or deploying the adjective
trendy.'
"Palmero has become a popular location for Hollywood and TV movie-makers. It's cheap by world filmmaking standards, and it serves up seemingly made-for-Hollywood streetscapes. Historically a peaceful residential neighborhood, the arrival of the U.S. movie and television industries has made Palmero also hip, with many new bars, restaurants, and cafes. It's now
the place to stay in Buenos Aires.
"Steve's new hotel property will include 26 rooms of 41 square meters each and one larger penthouse suite. All rooms will have en-suite bathrooms and kitchenettes, plus wi-fi, cable TV, and king-sized beds.
"In addition to the guest rooms, Steve is building in special amenities for the owners/investors, including a temperature- and humidity-controlled wine cellar with tasting area, a small garden area with drinks service, a pool and hot tub, and a rooftop solarium, plus 24/7 reception and concierge staff. The restaurant on the ground floor will be leased out to provide room service for hotel guests.
"Steve's objective is simple and ambitious. He intends this small Fierro Hotel to be one of the finest places to stay in chic Palermo, Buenos Aires.
"Steve has full hotel and restaurant management teams already lined up. And he's done his homework. He's reviewed hotel competition in the area and is confident in his plan to provide a superior product in a location that can support it.
"Steve is selling 26 investment units in the project to coincide with the number of rooms in the hotel; although, you are not buying a particular room. You're investing in the hotel project overall.
"The opportunity is straightforward. Steve is building a seven-story structure that will include all the expected amenities of a superior-standard boutique hotel, as I've explained. He is projecting a conservative annual occupancy rate of 65%. If he reaches this, the investment will return 14.2% per year (pre-tax after all costs), not including the revenue generated by the restaurant lease. Push up the occupancy to the 80% average for hotels in this Palermo area, and the ROI jumps to 18.2% per year.
"In addition, every owner gets 30 days free use each year, and the returns I'm quoting don't reflect this added value. Stay at the hotel yourself 30 days each year, and the value of the free room nights boosts your ROI another 4% per year.
"Construction is scheduled to be completed the second quarter of 2010. Because you're buying in pre-construction, the price point is appealing even if you're not already an international hotel mogul. Each investment unit in the project is priced at US$135,000. You pay 30% of that at signing; the next 30% is due in August 2009; 20% is payable in November 2009; and the final 20% is due April 2010.
"Yields like this aren't easy to come by. Neither are opportunities to invest for this level of return in a place with so much appeal. As a pure investment, this checks all my boxes right now. Add in the 30 days you can stay free in the hotel every year, and this amounts to an irresistible chance for anyone interested in spending time in Buenos Aires long term.
"As of this writing, only 13 of the original 26 units remain available. I'm pursuing the opportunity myself.
"For more information, get in touch with Steve
here."
Kathleen Peddicord
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