Playa del Carmen, Mexico- The Condo project called The Fives, is in the first phases of delivering units for the 2008 fall season
Their goal is to finish delivering nearly 150 units by the end of the year and in order to be prepared for the coming high tourist season here in Playa del Carmen Some information on this property: It will be administered as a condo hotelThe property managment company has a wide scope of experience of advertising and renting out hotel rooms up and down the Riviera Maya The Fives will have one of the largest pools here on the Mexican Caribbean
The Beach Club is located on the oceanfront, and will have golf cart shuttles taxing people back and forth from the condos about 100 meters distance The developers, TM group, is an organization from Spain They collected great experience in constructing and designing second residency holiday homes along the Spanish coasts Spain attracts an important percentage of European tourists during the winter months, (much as Mexico receives the largest amount of tourists from USA and Canadian residents) Their succesful business models from Europe are now being repeated here in the Americas with this first flagship construction called The Fives
The properties are delivered with a full furniture package, bascially a turn key operation The layouts are unique and practical, allowing for lockout on the rooms which allow for a continued rental of your unit, while you are actually using a part of the condo yourself This will allow your Mexico Property to continue generating revenue while you are using a part of the unit for your personal relaxation
Now to answer some of those interesting questions on the project: Delivery date for all of the project to be completed is estimated for the middle of December of 2008 This is in about 45 daysAfter the visit of this afternoon, I see many workers busy on the project with supervisors in all corners I see the comitment on hitting this deadline Plus I would imagine with the property manager already taking reservations for the December month, I would imagine there are many interests helping to maintain this goal a priority Some people write and ask given the world economic crisis, how steady do the developers and the project appear I see a comitment, and I also see deep pockets from where to scratch up money if needed or if not enough capital is raised from the sales….also note, the group has already sold nearly 85% of the project The liquid is in the funnel Finally, this project is already nearly 90% complete If you are interested in this project, or have been following the progress, this may be an ideal time to visit an investment option once againWe may be able to find some interesting options that pop back onto the market Write me for an updated list and availabilities
Thomas Lloyd graduated from Purdue University Krannert School of Management with a degree in Management/Financial Option Investments. He has been living, investing, and working professionally in Mexico for over 15 years. A Mexican Certified Realtor he is the current president of TOPmexicorealestate, you can contact him at (512) 879-6546 or through the company`s web site www.TOPmexicorealestate.com
