Off Market Real Estate Program - May 7, 2016
May 7, 2016 We are pleased to share with you these brief descriptions of select properties that are available for your consideration in our “Off Market Properties”. These are properties that are being made available on a discreet basis by Sellers who do not wish to have these properties “shopped.” Principal to Principal discussions are preferred. Our sellers are serious about their interest in selling the assets which they have entrusted to us for this confidential listing. We will deliver any fair and reasonable offer from a qualified buyer, with full transparency. We highlight newly added properties in red. Should you be interested in obtaining further information regarding a specific property or the Off Market Program, in general, please contact us and provide the Section and Item Number in which you are interested or send us an email with your request. We will provide additional information about any property upon receipt of a completed NCND which may be requested by emailing Admin@ProMarkCapital.com. We may also require that we be provided with an acceptable demonstration that the prospective buyer has the capability to perform. Thereafter, upon request, arrangements will be made for principal to principal communication. The McMonigle Team • John McMonigle, Principal • John@TheMcMonigleTeam.com • 949-735-1004 ProMark Capital Group, Inc. • Harvey H. Rosen, CEO • HRosen@ProMarkCapital.com • 310-527-1792 Forum Consulting Service, LLC • Bruce B. Felder, Managing Director • BruceFelder216@gmail.com • 216.765.2622
SECTION 1: HOSPITALITY - HOTEL/RESORTS
SOLD
1.1: RENOWNED BOUTIQUE STYLE HOTEL: Costa Mesa, CA sold 1.2 LUXURY BOUTIQUE HOTEL: Downtown Manhattan, NYC Located in one of the most desirous Chelsea District locations close to Chelsea Market, High Line Park, shops, galleries, retail and fine dining. This luxury modern boutique hotel features 316 guest rooms and suites and a rooftop lounge for casual gatherings and entertainment. All this with eclectic surreal comfort, featuring panoramic views of the Hudson River, Times Square and the New York City skyline. Guests will enjoy an outdoor pool and a 5,000sf pool deck for special events, a 24/7 Fitness Center and many on site dining options. Occupancy has been at 98%. BH | Asking price: $300M | Buyer Paid Fee: TBD 1.3 WORLD-CLASS LUXURY RESORT, GOLF & SPA: Located on the Pacific Ocean on one of the most prestigious oceanfront locations in Southern California. This celebrated beachfront spagolf resort features a Forbes Five-Star Resort Award, Forbes Five-Star Spa Award and am AAA Five-Diamond Award. Few resorts can boast such a beautiful location of breathtaking views, rich amenities including an 18-hole oceanfront golf course with glamorous panoramic ocean views and with two holes adjacent to the beach itself All nestled along one of the most exclusive beaches in Southern California. This acclaimed resort combines the finest of luxury amenities, superior meeting facilities, and breathtaking ocean views with more than 30,000 sf of indoor
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meeting space plus an additional 60,000 sf of outdoor event space including a beautiful botanical garden, gazebos, spacious lawns and ocean view terraces all on 172 acres of this beautiful resort on the California coast. The 400-room resort includes 325 oversized guestrooms, averaging 535 sf, and 75 suites from 800sf to more than 3, l00 sf. Fresh air and cool ocean breezes are plentiful as each guestroom balcony offers enjoyable golf course, ocean or resort views. Signature butler service highlights the finest of amenities and personalized service. Property is in the midst of substantial upgrades. The accepted offer price may be influenced by the status and timing of scheduled upgrades. Confidential financial information will be made available to a bona-fide buyer upon submission of a Letter of Interest and satisfactory proof of ability to perform. BH | Asking price: $300M | Buyer Paid Fee: TBD 1.4 LUXURY RESORT, HOTEL/CONDO PROJECT: Development Opportunity ... This impressive resort hotel site, located on one of the most highly regarded oceanfront locations in Southern California, consisting of 2.8 acres, has the following approvals and entitlements: General Plan and Local Coastal Program: Visitor/ Recreation Commercial Zoning: Allowable Rooms: 90 Keys; Allowable Gross Floor Area: 110,750 sf; Height limit - 42 feet above finished grade; three stories. Fractional Ownership (Hotel Condominium) Recorded Development Agreement with the City Approved Tentative Tract Map and Recorded Final Map. Site is rough graded with certified pads - lower pad has been graded to accommodate two levels of underground parking, All abutting street improvements have been constructed and all utilities and
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