COSTA SUR RESORT & SPA HOTEL

HVS Brokerage & Advisory, as the exclusive advisory representative for ownership, is pleased to present the acquisition opportunity of the Costa Sur Resort & Spa Vallarta Hotel, a 160-room hotel located in Puerto Vallarta, one of Mexico's major international leisure destinations. The Property is situated on Carretera Barra de Navidad, a prime thoroughfare in Puerto Vallarta, in proximity to the charming Zona Romantica neighborhood.

PROPERTY HIGHLIGHTS

Key Developments

160-key upscale property locted in the heart of Puerto Vallarta. The Puerto Vallarta–Riviera Nayarit Corridor is one of the most visited tourist destinations in Mexico.
The Property is operated under the Classico Collection by Sonesta brand, which can be terminated at the Investor's option. As such, there is an opportunity to rebrand and reposition the hotel.
The Puerto Vallarta market has historically been defined as the traditional and quaint center city, as well as the areas to the immediate south and toward Playa Mismaloya. To the north, the tourist destination extends past Nuevo Vallarta to Punta Mita, the towns of Saylita and San Pancho and the Costa Canuba area beyond. Together, overall area is defined as the Puerto Vallarta-Riviera Nayarit Corridor.

Hospitality Market

Mexico enjoys a position as one of the world's leading travel destinations. It combines strong business and vacation travel sectors, and high-quality hotels and operators and brands.
The Puerto Vallarta-Riviera Nayarit Corridor has been visited for decades by domestic and international travelers, primarily from the United States, Mexico, and Canada.
The market area, which runs along the Pacific Coastline, has a varied hotel inventory, including both European Plan (EP) and All-Inclusive hotels, and it is characterized by unique natural beaches, as well as golf, nautical and dining attractions.

OPPORTUNITY

The Property was developed as a timeshare condominium project in 1983, and has operated as a hotel since 2004.
Operations are currently changing from a European Plan format to an All-Inclussive format. Third-party operating and franchise agreements can be terminated at the Investor's option.
With an inventory of 160 rooms, the Property attracts both domestic and international leisure traveler as well as social and corporate groups.
The Property offers upside that can be attained through rebranding and repositioning of the asset. Given the nature of the product, Occupancy and Average Rate performance can be improved to match that of market leaders.
The Property's location allows restaurant and bar outlets to serve local residents and leisure visitors alike.