Taheima Wellness Resort & Spa Expands Purchase Options for Condo Hotel Investors (Mexico)
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Taheima Wellness Resort & Spa Expands Purchase Options for Condo Hotel Investors (Mexico)
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Category: North America & West Indies / Carribean islands - Mexico - Industry economy -
Group or hotel buyout
This is a press release selected by our editorial committee and published online for free on 2008-11-21
Whole In One Nuevo Vallarta, S.A. de C.V., today announced that it has expanded investment options at the Taheima Wellness Resort & Spa (http://www.taheima.com/), a condo-hotel development currently under construction in Nuevo Vallarta, Mexico. Taheima now offers spacious studio units starting at USD $149,000, as well as one-, two-, three-, and four-bedroom units. All guest rooms will consist of oversized luxury units.
This USD $150 million luxury condo-hotel is located in the heart of Paradise Village (TM) on the fifth fairway of the El Tigre Golf Course, only 10 miles from Puerto Vallarta International Airport. Taheima Wellness Resort & Spa is scheduled for completion in September 2009.
"Our larger units have been selling extremely well," explained Brad Mooney, senior director of sales and marketing for the resort. "Some of our investors also expressed interest in smaller condos to provide them additional options and income from their investment."
Investors who purchase Taheima condo-hotel units have the option of either full-time residence or earning rental income from a hotel management agreement. Owners who sign a management agreement are guaranteed a return of at least seven percent of their purchase price for the first two years, plus complimentary accommodations in their unit for up to six weeks annually.
Marc Talon, director of Mexico Connect, a company that helps clients find real estate investments in Mexico, said the popularity of Taheima with investors is credited in part because it is the only real estate development in Mexico registered with the British Columbia Real Estate Securities Marketing Act, indicating that the project is seen by the Canadian government as being a credible and safe investment.
Talon, who represents multiple real estate developments in Mexico, added that Taheima Wellness Resort & Spa seems to be the one that is connecting with investors.
"It is our goal to pick the soundest investments for our clients," said Talon. "Taheima is leading the pack with brisk sales because investors know that from the developer, to the hotel operator, to the location, this development is a winning combination."
Mexico Connect offers monthly "Flyaway Getaway" weekends to help buyers learn about the resort, the local culture, and investment options available to them.
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