A hotel apartment investment model which enables investors to buy individual units in a property which is operated as a hotel.
DHH is a subsidiary of the Devtraco Group responsible for our hospitality developments. DHH manages the operators of the hotel.
Buy a unit, lease it back to DHH for 10yrs (renewable) to operate as a hotel (this is statutory).
No, the entire property will be operated as an international hotel managed by DHH or it's subsidiary
Profit share on the composite performance of the hotel as a portfolio.
You will be paid a minimum of 9% on your investment value, in the form of rents, no matter how the hotel performs in the first two years.
Owners get returns in the form of profit sharing based on the yearly audited performance of the hotel
No guarantees, the rental run rates for the first 2 years shall form the basis of expected future performance
Advance payment for 1st year, quarterly payments for 2nd year, yearly payments in arrears from 3rd year.
Profit share (Income) is on the whole portfolio so everyone gets the same return rates based on the contract price of the unit purchased.
We are finalizing terms with Wyndham Hotel Group or Best Western Hotels. But we can also opt for another brand.
25% down payment, then 60% during 2020, 15% by July 2021
1st September 2021
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