For the people interested in this site, I thought that I would post a project I am working on putting together in Buenos Aires. The following offering is very unique (to date, the only in BA) and is aimed at providing a low cost, 5-star lodging experience for the person
who spends a portion of time per year in Buenos Aires. The market I am focused on is the high-end traveler/family or business traveler. The numbers make sense even for the sideline investor. I am confident that there is an undeveloped market/opportunity in this area of real estate in Buenos Aires. I am also confident that there is no other world-class city that can offer an opportunity like this at a similar price point. I am also very interested in your feedback. Please email me with what you think at briantown@gmail.com --- Now on to the business!
1)The Front of the Mansion 2)Ground Floor Carriage House - Planned cafe 3)Presidential common area
Summary and highlights:
- A recently renovated, turnkey building
- 4 floors and a basement- main floors are over 2000 sq/ft of spacious luxury.
- Meticulously restored 1910 original detailing
- Excellent location - 10 blocks to the World Famous Recoleta Cemetery.
- Fully furnished with 7600 sq/ft in total usage space
- Original, restored elevator
- Museum quality furniture, fixtures, and architecture.
- A building of the highest caliber - comparable to the Ritz Carlton or Four Seasons Hotel.
- Amenities will include a concierge, daily maid service, personal security, gourmet chef, ground floor cafe, and therapeutic masseuse.
- A comparable building in structure can be found in New York for a $31,000,000 price tag. See here NYC comparable
The offering:
We will be selling Ownership Units (OU's) in the property. An Ownership Unit will:
- entitle the investor to a 1% percent ownership position in the proposed hotel.
- Allow the investor usage of the hotel for a period of time per year.
- Allow the investor to participate in any property appreciation in the event of a sale.
- Allow the investor to trade or rent their annual hotel usage time.
- Provide top quality services and amenities found only in the worlds best hotels.
Entry level Ownership Unit's will initially cost around U$S 50,000 with a U$S 3,000 annual fee. The annual fee will be used to provide employee salaries, pay property taxes, and maintain the building.
We also have plans to add the following facilities:
The Lower Floor
- a small day-spa/therapeutic massage room
- a possible gym
- a storage "locker-room" for charter members (nice wooden lockers to keep personal belongings or store wine with charter members name).
The ground floor
- A fully functional business center including a computer, copier, printer, fax machine, scanner, and phone system.
- Upgraded living area for the staff
- Outside sitting area
The first floor 
- Bathroom renovation
The second floor
- Bathroom renovation
- Ultra Luxury Four Seasons King bed mattresses
- Flat screen televisions in each room
- Extensive cable featuring CNN, BBC, Fox, E!, MTV, ESPN, Cartoon Network,Hallmark, Disney, TNT, WB, National Geographic, Discovery Channel, Animal Planet, Globo, and local programming
1) First floor foyer 2)Original 1910 skylight 3)Second floor foyer 4)Presidential reading room 5)Second Floor bedroom
Rooftop Terrace
- Possible Jacuzzi
- BBQ area (Parilla)
- Landscaped garden area
Throughout the entire property
- Wi-Fi wireless high-speed Internet throughout the mansion
- Vonage phone system with free unlimited calls to the US and Canada
Additionally, we will hire a staff that includes a chef, daily maid service, 24-hour security, a concierge, and a therapeutic masseuse. These services will be provided to all guests for a nominal fee. This will be a 5-star ultra luxury property.
The secure investment
Currently, there are no other comparative properties like this in Buenos Aires. Percentage ownership interest property structuring is unheard of in Buenos Aires, making ownership in spectacular buildings also extremely affordable. Simply researching the cost of a timeshare in Mexico will show the value provided in this investment.
Timeshare Comparative:
Up front cost for a two-week annual usage = U$S 50,000
annual membership fee = U$S 2000 - 3500
What you get = a 2 bedroom casita in Mexico, 1500 sq/ft, non-ownership 30 year usage right with a partial view of the ocean.
Income Potential
Each owner will have the flexibility of using, trading, or renting out their annual time in the building. While using the property is a treat in itself, renting the property can be equally rewarding. With tourism surging at 25% a year in Buenos Aires, the 5 star hotels can not keep up with demand. It is increasingly becoming more and more difficult to find luxury accommodations in the city. Today, we estimate a 7-10% net cash ROI on the rental of your time after paying the $3000 annual fee*.
* I used a very conservative comparison to come up with a $3250/week rental price for a ½ floor and building. Please see comparison here: Less than comparable comparison Please note that the property in comparison is less than ½ the size of our proposed property, and includes none of the amenities. The property in comparison has an 85% on average occupancy rate throughout the year.
We are offering a 5-star lodging experience along with ownership in a 1910 fully restored and furnished mansion in the heart of Buenos Aires. I am the first person to identify this market in Buenos Aires and I am sure that an investment with this quality cannot be found anywhere else in the world at this price.
Membership
½ Floor Membership Includes:
Two Luxury Bedrooms, One Private Bathroom
Usage of over 7000 square feet of Mansion space
Access and usage of all facilities
Ownership = 1% of the building
2 weeks a year usage
Prices starting at $50,000 and $3000 per year membership fee
Full Floor Membership Includes:
Private Usage of the entire facility
Four Ultra Luxury Bedrooms, Two Private Bathrooms
Usage of over 7000 square feet of Mansion space
Sole access and usage of all facilities
Ownership = 2% of the building
2 weeks a year usage
Prices starting at $95,000 and $6000 per year membership fee
Charter Member - Only Two Available:
1 Month a year full facility usage
Private Usage of the entire facility
Four Ultra Luxury Bedrooms, Two Private Bathrooms
Usage of over 7000 square feet of Mansion space
Sole access and usage of all facilities
Ownership = 4% of the building
2 weeks a year usage
Priced at $150,000 and $24,000 per year membership fee*
*This membership is for a limited time only, and can be owned between four separate entities.
If you are interested in investing, or have any additional questions, please contact me at briantown@gmail.com 
posted by britownsend | 7:20 AM
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