Rancho la Pitaya Spa Resort - WynnDcorp Pres.pdf · 3. Sellers project price of lots will...

Website: www.wynndcorp.com Email: [email protected] Fax: 775-743-6984 1780 Setzer Cove Road, Maggie Valley, NC 28751 Professional Affiliations: National Association Realtors – North Carolina Association Realtors Haywood County Board of Realtors – Haywood County MLS – Resort & Recreational Specialist Worldwide Recreation & Resort Sales Council – Real Estate Cyberspace Society – ICI World

WynnDcorp Realty Email: [email protected] Phone: 828-926-5060

Property Presentation WynnDcorp Realty

PO Box 461, Maggie Valley, NC – USA 28751 Fax; 1-775-743-6984 – Phone; 1-828-926-5060

Contact: David F. Wynn, Broker, RRS, RECS [email protected]

Rancho la Pitaya Spa Resort

Mexico’s Central Highlands & comfortable year round climate

Classification: Hotel, Spa, Resort and Residential Development Rancho la Pitaya is reported to be one of the world’s five largest spa resorts, and in the land of opportunity.

mailto:[email protected]

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Website: www.wynndcorp.com Email: [email protected]

Location: Guanajuato, Mexico – Highlands of Central Mexico and approximate 2 hours driving from Mexico City, Leon and Guanajuato. Queretaro, Mexico City, Leon and Guanjuato each have international airports. MEXICO, the land of opportunity! Price: $15.9 m USD Terms: Cash, seller financing may be negotiated with qualified buyers

Ancient antiques abound throughout One Business center conference room

Personal property: Sells fully furnished, in operation and turnkey.

Comments regarding personal property; Antiques and art abound. Value in that alone is substantial. This includes a private wine cellar fully stocked. We are told some contents have been there for many years. The only vehicle or large construction item is one truck. Exceptions to personal property included;

1) Excluded are up to, but no more then six pieces of antiques or artworks which are special family heirlooms. 2) Re-sale inventory; food, beverages and boutique stock. Buyer and Seller to take inventory before closing and buyer to pay at cost.

Land Area: 79.89 +/- acres total.

Model overview of Rancho la Pitaya and development --- street views and entrance to one development area

NOTE; ACREAGE INCLUDES SOME LOTS SUBJECT TO PRIOR SALE. Residential development area; 68.87 +/- acres Current Improvements encompass 10.2 +/- acres Land / Property is fully enclosed with stone wall. Unique and Rare Investment Opportunity:

Rare because the residential development offers the potential for the buyer to fully recover their purchase cost investment within a few years from the sale of lots. Unique because this is far more then a hotel and spa resort. Where else in the world is there a spa resort that in addition to lodging, dining and spa is also included?

Fax: 775-743-6984 1780 Setzer Cove Road, Maggie Valley, NC 28751 Professional Affiliations: National Association Realtors – North Carolina Association Realtors Haywood County Board of Realtors – Haywood County MLS – Resort & Recreational Specialist Worldwide Recreation & Resort Sales Council – Real Estate Cyberspace Society – ICI World

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Equestrian club with 100 stables, restaurant / grills, bar, covered grand stands for 300 persons and exhibition area for 500 people. Rodeo and Bull Fighting Arena with restaurant, bar, etc., fully equipped to accommodate up to 120 persons. Business / Convention Center was originally a Governor’s personal residence and estate. Residential development

Rancho la Pitaya links:

http://www.rancholapitaya.com/englishindex.htmlhttp://www.rancholapitaya.com/http://www.rancholapitaya.com/restaurante.htmlhttp://www.rancholapitaya.com/spa.html

Exterior views of Spa

DISCLOSURE; Information contained herein has been provided by the sellers and sources we consider reliable. It is believed and deemed to be accurate and correct. However it is not guaranteed by WynnDcorp Realty or our associates for errors, omissions, prior sale, and withdrawal from the market or changes, including price. Buyers are always advised to consult with appropriate counsel and to verify all information in their own way as may be applicable. Infrastructure;

Electricity: The owners and creators of Rancho la Pitaya had constructed the electric power lines for electrical source from Queretara to the ranch. That has since been dedicated to the Government and they are responsible for maintenance and upkeep. Phone: Two hundred phone lines are authorized for Rancho la Pitaya from TexMex Cell phone is provided by Nex-Tel. Water: Three deep wells provide water source. Two fresh cold water wells are 70 and 60 meters deep. One hot water deep well is 40 meters deep. Sewage: Sewage is handled with septic tanks.

Links to websites regarding Mexico; http://www.sitesatlas.com/Maps/Maps/302c.htm (Map & more) http://cee45q.stanford.edu/2003/briefing_book/mexico.html (Facts) http://www.cia.gov/cia/publications/factbook/geos/mx.html (Facts) http://www.escapeartist.com/mexico/mexico.htm (Good Information) http://pw1.netcom.com/~wandaron/geog.html (Geography Info)

http://www.nationalgeographic.com/mexico/index.html


http://www.rancholapitaya.com/englishindex.html

http://www.rancholapitaya.com/

http://www.rancholapitaya.com/restaurante.html

http://www.rancholapitaya.com/spa.html

http://www.sitesatlas.com/Maps/Maps/302c.htm

http://cee45q.stanford.edu/2003/briefing_book/mexico.html

http://www.cia.gov/cia/publications/factbook/geos/mx.html

http://www.escapeartist.com/mexico/mexico.htm

http://pw1.netcom.com/~wandaron/geog.html

http://www.nationalgeographic.com/mexico/index.html

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http://www.nationalgeographic.com/mexico/learn/age01.htmlhttp://gorp.away.com/gorp/location/latamer/mexico/pks_intr.htm (Parks, etc.) http://www.nationalgeographic.com/mexico/a011.html (Mexico City) http://www.jazzcornertalk.com/speakeasy/printthread.php?t=8014http://www.barefootsworld.net/goldwing3.htmlhttp://www.geographia.com/mexico/explorations.htm

The surrounding and nearby Areas in general:

Map of Central Mexico link; http://www.sitesatlas.com/Maps/Maps/302c.htm

The Central Highlands/Volcanic Highlands - where many complex Indian cultures developed including Tenochtitlan/Mexico City; valley; spectacular beauty; snow-capped mountains to over 17,000', forests, lakes; includes all or part states of Puebla, Tlaxcala, Hidalgo, Queretara, Guanajuanto, Morelos, Mexico, Michoacan, Jalisco, and Federal District; earthquakes common; most important river headwaters (Lerma-Santiago, Balsas, Panuco); varied climate & vegetation; western rim of Sierra Madre Occidental, most famous canyon Barranca de Cobre; mountains important to survival of a few Indians (Tarahumara, Tepehuan, Huichol, and Cora); fishing important and small animals, agricultural land relatively scarce, Indians build "chinampas" or "raft gardens; includes three areas:

"Tierra Cliente" - eastern hot country, tropical 60-80 inches rain/year, humid, forests and savannas "Tierra Templada" - temperate country up to 5-6000 ' elevation along eastern edge of Volcanic Axis, 60-80 inches rain/year to 200 inches in cloud forests "Tierra Fria" - north of "Tierra Templada," cold country to 12-13,000'; great variations in rain, temperatures, vegetation.

Mexico City & the Central Highlands:

As if not wishing to leave any doubt as to where the nation's capital is, the District Federal has become the world's second largest city (just to be sure). Mexicans affectionately refer to it simply as DF, "De Efe," and one in ten Mexicans live there. It was built literally on top of the old Aztec capital, Tenoctitlan. It is one the most important cultural centers in the hemisphere, awash in cathedrals, museums, monuments, markets, art galleries, parks, squares, and more. Doesn’t, however, be intimidated by its size: many of the attractions reside in the Old City? Surrounding Mexico City are the Central Highlands, six states teeming with colonial splendor: Guanajuato, Queretaro, Aguascalientes, Zacatecas, San LuisPotosi, and Michoacan. Many of the larger highland cities, such as Guanajuato, are beautifully set into the mountains like elaborate colonial inlays.

Queretara: Rancho la Pitaya is only a short few minutes drive to Queretara.

A beautiful city of nearly one million friendly people and steeped in history. A walk in city center one is impressed with cleanliness, safety, friendly but not aggressive residents, and of


http://www.nationalgeographic.com/mexico/learn/age01.html

http://gorp.away.com/gorp/location/latamer/mexico/pks_intr.htm

http://www.nationalgeographic.com/mexico/a011.html

http://www.jazzcornertalk.com/speakeasy/printthread.php?t=8014

http://www.barefootsworld.net/goldwing3.html

http://www.geographia.com/mexico/explorations.htm

http://www.sitesatlas.com/Maps/Maps/302c.htm

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course great historical structures. We are told foreigners, including Americans, who live in Queretara either full time or part time list among their reasons for living there; climate, temperature, safety and peaceful living. Those factors seem evident on the streets. January and February would be considered the area winter months. The nights might be chilly and a sweater or light jacket fit the bill. The days warm up and shorts and short sleeves are comfortable attire. Summer temperatures usually range from the low to mid 80’s F.

A drive around the city one quickly notices it is a modern city even with Office Depot, Wal mart, Ford Motors, etc. and other American businesses.

The 2 hours drive between Leon and the “ranch” a first time visitor may be shocked, or at least amazed at the amount of industry. Surely a lot of prime prospects for Rancho la Pitaya spa, hotel and the sub-division lots. As well as Mexico City! We are told that is an excellent market as more and more residents want to “get a way” from there for at least a weekend and vacations if not relocate.

Views from outside Rancho la Pitaya

Expansion possibility: We are told adjoining land may be purchased for around $3 USD per sq meter. Current electricity, water and phone sources are sufficient for substantial development and hotel expansion. Sewage disposal would be needed.

A site vacant near the spa and tennis courts has been specified for option of an additional hotel.

The Residential Development:

$1 m home under construction Development streets are highly decorated and attractive.

Lot owners and their families are granted a “membership” included with the purchase and valid for the duration of that person’s ownership. The member benefits include the following;

1. 20% discount in the restaurant 2. 15% discount in the hotel 3. Discount in the convention center 4. 25% discount for laundry services 5. Discount for use of stable and equestrian 6. Discount for bicycle pad and use


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7. Access to tennis courts, swimming pool, canoe, channel and equipment. 8. Other services including access control at gates 24 hr. surveillance, safe-deposit

box.

Membership fees include; 1. $100 per month for “green fees” for sewer and water 2. $100 per month for spa

Development Land Area: 68.87 +/- acres total. This is subject to prior sold lots. 1. 289 lots currently available but SUBJECT TO PRIOR SALE

2. Lot sales history – to date 40 lots have been sold for $2.2m. This has been done without a marketing program and most sales have been made to visitors to hotel or spa. Approximately 80% of those buyers are from Mexico City. 3. Sellers project price of lots will appreciate to offset sales made before sale of Ranch la Pitaya package. Buyer(s) should not expect a package price adjustment for any development lots sold prior to date of contract. 4. Certain cost “needed” items will transfer with the property. a. Sewage disposal facilities. Estimated cost $75,000 USD b. Development permits. Estimated to cost around $500,000 USD c) There may be some onsite cobblestone road building completion needed

EQUESTRIAN CLUB (POLO RING)

207.102,37 square feet, (4.75 acres) included is the equestrian track/Polo ring with 100 fully operational stables, veterinary office, bar and restaurant, complete toilets, paddock, dressage area, complete grand stands and members area seating approximately 300 persons, with judges panel and exhibition area, in this area a surface also exists that is used for social events seating approximately 500 people, with bar and standard kitchen area for serving, illuminated for nocturnal events.

EQUESTRIAN CLUB – Stables – Veterinarian office – Clubhouse Grandstands

Horse show, competition, riding, schooling arena – 100 stables

RODEO / BULL FIGHT ARENA (CHARRERIA)

In order to compete and participate in Mexico’s national sport with official measurements for the event, and counts on corral as a guard for cattle, with a private balcony complete with bar and toilets as a viewing area for special guest


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with two entrances, one leading from the main house, Across the ring is a full restaurant sheltered from weather with complete bar and fully equipped kitchen with private toilets which can seat 120 persons with jury box for the scoring judges, also illuminated for nocturnal events with independent and integrated access to the development of specialty events. To complement the rodeo ring is full access horseshoe shaped pond for horses with an approximated depth of 3 meters with a sloping ramp in which they can gain easy access.

Bull fighting arena entrance, the bull, restaurant and bar

Here come de bull – Judges Box

Dining

Inside, patio, pool side, business center inside or patio dining

Bar-b-que grills for private parties or overflow crowds, bull fight arena restaurant and bar, two spa restaurants


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HOTEL AREA

The area of the HOTEL has 10,700 square feet that includes 6 Junior Suites, 1 Masters Suite and 33 double rooms. Adjacent to the hotel is a 20-meter swimming pool with Jacuzzi fed by thermal waters extracted from natural source at a temperature of 65º and slightly cooled by natural waters surrounded by a fully functional rest area with lawn chairs and tables. Facing the pool is an elegant indoor Restaurant with a seating capacity of 80 persons, with a complete kitchen and staff offering services to the pool, hotel and beautiful outdoor gardens elegantly situated in the surrounding area of the pool offering scenic arrangements for social gatherings properly illuminated with catering capabilities for weddings, banquets private parties with complete outdoor bar and barbecue facilities as a complement depending on the required groups and tastes.

Old European – Spain architectural influenced design, and local stone, tile and handwork allows for unique ambience and gives antiquity impression but is less then 10 years new. (Excepting Business center which is reported to be 20 -25 yrs)

BUSINESS, SPECIAL EVENTS, CONVENTION CENTER


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Convention business center for special events includes adjoining chapel

A salon specifically designed for conventions and company meetings with a capacity of 80 persons, with a business lounge not equipped. Adjacent to salon is an elegant luxurious antique dining or meeting room offering with a 24-person capacity for corporate meetings and private gatherings. In a secluded area off the dining room is a private wine cellar and dining table with capacity of 12 persons with toilets. We also have a game room with squash courts and a small kitchen supporting the surrounding rooms. The second floor includes living area and five bedrooms and 4 baths. Adjoining the business center is quaint Chapel.

SPA

Spa

Considered the biggest in Latin America, and one of the five largest in the world

Medical Clinic (this is not medical treatment) Full athletic sports complex (with more than 30 fitness apparatices, cardio-

vascular conditioning and free weights equipment. Nutritional area ( full restaurant and health snack bar) Hydrotherapy area (this area is separated by two private entrances for both Men

and Woman on either side of the main reception area, each area includes lockers, toilets, showers, Jacuzzi, sauna, vapour room, Inhalation therapy room, pressure shower, Swiss shower, cold water immersion tank, hydro reflexology chairs, private boudoirs and lounge area.

Hydro jet pool for men and woman with 4 cascading water falls and central fountain with a capacity of 50 persons surrounded by a complete lounge area covered by a solarium.

22 treatment rooms Complete aerobics area Beauty salon Boutique

LOBBY


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Lobby furnished with priceless antiques and art pieces

OPERATIONAL STAFF AND MANAGEMENT

Full staff on duty, including, 2 supply and storage areas, 1 main Laundry area, employees cafeteria, main reception and lobby, marketing and management offices, parking area, 24 hour security and surveillance offices.

REAL ESTATE

Total area including development property is 3.444.480 (79.07 acres) square feet surrounded by a 4-meter stone wall. The development area includes approximate 3,000,000 sq ft or 68.87 acres, subject to prior sales, completely mapped out, with access roads, electricity and water services.


Summary of Financial History and Pro-forma

Income Source 2003 2004 2005 Real Estate Lot sales: $ 2,200,000 $ 3,960,000 $ 5,327,850 Hotel: $ 438,000 $ 788,400 $ 1,084,050 Restaurant: $ 262,800 $ 350,400 $ 562,100

Business Center & Services; $ 109,500 $ 146,000 $ 240,900 Spa $ 131,400 $ 408,800 $ 642,400 Total Income: $ 3,141,700 $ 5,653,600 $ 7,857,300 Expenses Total Expenses $ 420,000 $ 483,000 $ 555,420 Net Operating Income: $ 2,721,700 $ 5,170,600 $ 7,301,880

Cap Rate at listing price: 17.12% 32.52% 45.92% Income Source 2006 2007 Total Real Estate Lot sales: $12,554,308 $24,042,158 Hotel: $ 1,478,250 $ 1,752,000 $ 5,540,700 Restaurant: $ 562,100 $ 817,600 $ 2,555,000

Business Center & Services; $ 240,900 $ 350,400 $ 1,087,700 Spa $ 642,400 $ 934,400 $ 2,759,400 Total Income: $15,477,958 $ 3,854,400 $35,984,958 Expenses Total Expenses $ 638,667 $ 734,582 $ 2,831,669 Net Operating Income: $14,839,291 $ 3,119,818 $33,153,289

Cap Rate at listing price: 93.33% 19.62% 208.51%

THIS IS HIGHLY CONFIDENTIAL INFORMATION. DO NOT CONTACT HOTEL MANAGEMENT OR STAFF. ALL INFORMATION AND SHOWING ARRANGEMENTS MUST BE MADE THROUGH BROKER. For Showing or additional information contact:

David Wynn, Broker, RRS, RECS [email protected]

WynnDcorp Realty

www.wynndcorp.com

Fax: 1-775-743-6984 Phone: 1-828-926-5060

DISCLOSURE; Information contained herein has been provided by the sellers and sources we consider reliable. It is believed and deemed to be accurate and correct. However it is not guaranteed by WynnDcorp Realty or our associates for errors, omissions, prior sale, and withdrawal from the market or changes, including price. Buyers are always advised to consult with appropriate counsel and to verify all information in their own way as may be applicable.

Rancho la Pitaya Spa Resort - WynnDcorp Pres.pdf · 3. Sellers project price of lots will...

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