A Few Things To Consider...
We have an active construction permit and we are doing work on this hotel. We are experienced developers of historic properties. We would consider partnering or holding a first mortgage. With the permit in place, you could start work immediately. For a passive investor, we may have a very good "end user" for this property (wellness). This could be a “triple net lease” arrangement making this an excellent investment. 45 of 66 rooms are near completion (textured & painted 36 rooms, 9 are drywall ready for texture). Most of the work that is needed is on the first floor (lobby level). This is perfect for any build outs that you may need for your own use (ex. Spa services, gift shop, etc..). Most of the rough-ins are completed. New (updated) electric, plumbing and roof. HVAC in common areas Possible Historic Federal Tax Credits Possible Transferable Development Rights (TDRs)
“We are open for discussion of any possibility” Call Mark Tong at 727 455-2260 for more information.
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