Basar International Garners 1.2 Billion in off the market Hospitality Deals
Basar Group offer 1.2 Billion in Private Hotel Deals
Basar International Group a Real Estate Services and Investment company that specializes in Private Sales is offering 1.2 Billion dollars in Hotels deals.The deals include hotel acquisitions,hotel deveolpment parcels with right to build,and several 5 star Hotel/Condo joint venture projects.
The partnering aspect of the off the market private sale(OMPS) requires effeciencies and capabilitiies to close sometime very complex joint venture deals"says Bilal Mansoor Presdient of Basar International. "Also the seller must have a thorough understanding of the value of the hotel asset that is for sale and I find that in the fiercely competitive hotel market that most off the market deals are fairly priced" .Many investor's find the bidding wars for hotel assets daunting,especially our foriegn clientele.
To give the industry some ideas of the various properties that are being offered in the 1.2 Billion Private Sale we have a list of typical(OMPS) deals that we are currently marketing worldwide:
- Joint Ventures:A 450+ room 5 Star Hotel New York(midtown) City JV project seeking($160MM) partner for partial time share conversion total project cost- ($300+MM) with great exit numbers.Approximately 200 room 5 star luxury Hotel New York City(midtown) JV conversion near Carnegie Hall,Lincoln Center,Columbus Circle,Central Park project seeking ($20MM) total cost approx:($235MM).
- Development parcels: New York City(lower manhattan) 400,000+ sq ft right to build hotel priced ($125MM). Development parcel New York City(trendy Chelsea area)approxiamtely 300,000 sq ft priced: ($135MM)New York City(Murray Hill) development hotel parcel ideal for boutique operator approximately 90,000 sq ft priced ($26MM).5 Star Luxury Hotel/Condo Development project Seattle Washington central business/retail district approximately 50 Stories,500,000sq ft project requiring ($50MM)from JV partner total project cost($300MM) .
- Turnkey Hotels for Sale: existing 5 Star Luxury hotel in Miami Florida( South Beach) 75+ elegant rooms and suites priced:($65MM).Orlando Florida Hotel 160+ room and suites newly renovated good occupancy rate near airport, Florida Malls, theme parks priced ($12MM) San Juan Puerto Rico Hotel/Casino 160+ rooms,slots, tables and game near beach,convention center and operates without a major hotel flagg priced at ( $33MM). Basar international Group represent various clients throughout the United States,Europe, Asia and the Middle East .The word basar mean insight into future trends and it is this pespective that we tend to see the world as a single global economy .And it that expanding perspective and committment to global clientele that has create the demand for the Off the Market Private Sale(OMPS).
Concerning the above forementioned deals please Contact Bilal Mansoor(267-258-5220) or Charles Glatter(917-612-7222) for all inquiries.