Mexican Riviera Luxury Hotel Condos at 90% Occupancy
What happens when a successful boutique five star Hotel running at 90% occupancy since 2004 decides to go 'luxury condo?' Well, it means that each private owner of one of these luxury condos also receives revenues at 90% occupancy. Year in, year out. And 100% occupancy if the new owner wants to spend some time in Mexico as a bonus to himself for his wise financial investment.
Frommer's says "In my view, this property is the most romantic in Playa del Carmen. There is intimacy and drama and even a sense of isolation. Seven stylish suites endowed with color and texture encircle a pool and softly lit courtyard." We agree: the property has style, sophistication, a proven history and is perfectly placed in the heart of the Mexican Riviera. When Matt Craig "the owner" asked us to look at Acanto Hotel Condos our two concerns were the difficulties for expats buying in Mexico, and the dense development, dare I say overdevelopment, along the Mexican Riviera.
The initial question was quickly put to rest when we reviewed the Mexican government's laws pertaining to nonresident ownership of real estate which have relaxed considerably in the last few years.
The second we realized was a positive for anyone looking to capitalize on an existing well-proven product, with all of the infrastructure and easy access that goes along with this type of development. This is a good package for those looking for a return on $312,000 as a starting price on the smallest condo.
If you are traveling to Mexico with a view to investing, we recommend you take a second look at Acanto Hotel in Playa del Carmen. You will find it in the middle of the only real Caribbean Riviera, where the beaches and reefs are endless, the entertainment is international, the gringos are friendly and where one señor's taco can be another hombre's tostada!
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Acanto Hotel Condos
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