Learn about Cash Flow
Pacrim Ramada-Hotel & Conference Centre Toronto
« SOLD OUT »
REDEVELOPMENT of a hotel and conference centre in Toronto, Ontario
The designer of the Wyndham Garden Estates hotels is renowned American architect Michael Graves. To see a short video about the design concept, click ...
MPEG video -- click to view presentation in QuickTime
For a PDF document describing the design concept, click on PDF on The Hotel That Performs (6 MB PDF File)
A 285-room hotel with 14,000 s.f. of conference facilities, plus substantial surplus land and density, located near one of the busiest highway interchanges in Canada (401 & 404).
This is a large 11 story hotel in a prominent location that has been operated as a Ramada Hotel over the past ten years, and has been allowed to become worn and out-dated and is now badly in need of refurbishment. Our development partner will operate the hotel as a Ramada while it is being refurbished and converted into a premium hotel under a new brand name – Wyndham Garden Estates.
The location is a premium location for business travellers, banquets, weddings and conventions.
Independent market and financial studies have been completed, and mortgage and renovation funding has been arranged.
This 5.7 acre property includes a very substantial amount of surplus land and density that is not required for the hotel and can be sold or redeveloped for office space or other uses. This represents an opportunity for significant upside potential. Any proceeds of sale will be used first to reduce debt. Third-party offers are already being received and considered.
There is already a conditional agreement of sale in place for the sale by the limited partnership of one acre to a third party for $3.0M.
For up to date information on this investment property, see News & Updates.
Design concept for Wyndham Garden Estates
The Investment
• Projected 4-year annualized return: 25% plus.
• Investors receive:
• 12% cumulative Investors First™ Preferred Return
• plus 50% of excess cash flow and any capital appreciation.
See the Projected Statement of Cash Flows in the Executive Summary.
Minimum investment: $25,000 (Units of $1,000).
The Manager
Pacrim Hospitality is a proven performer that successfully operates more than 30 hotel properties, including Holiday Inn Express, Howard Johnson’s, Radisson Suites and Super 8, as well as a golf club and a hotel reservation system. Pacrim Hospitality’s affiliates will own up to 25% of the property.
See www.pacrimhospitality.com for more information about this company.
The Documents
Executive Summary (555 KB PDF -- Updated 2006-Dec-05)
Offering Memorandum (554 KB PDF)