P.º de Montejo 475C Apt: 123
97000
Mexico

Property

Ownership: Building with units for sale/rent
Type: Hotel
Council Tax Band: TBC

Financials

Price: $3,400,000

Description

This building is prepared to be the ideal investment opportunitty for national and international tourism market, its refurbish project offers different lodging option ideal for Paseo de Montejo.

This project is ready to be developed in the best and safest City in Mexico, Merida.

The Palomeque Building has two entrances:

• Paseo de Montejo (main front)

• 58th street (back street)

Easy access and large flow of visitors for those who prefer to walk or those who visit us by car there is an agreement with a parking lot with available spaces.

During 2021, despite the pandemic, the State of Yucatán received more than one million tourists, of which more than half a million stayed in the city of Mérida and of these, 85% of the visitors walked on the emblematic avenue, which today has 1,459 rooms in its primary area of ​​influence, but there is not a single apartment complex in all of Paseo Montejo street.

79% of those who visited Mérida are Mexican and 21% are foreigners. Without leaving aside, the market of expatriate residents currently 14,000 in the state, of which 80% live in the city of Mérida and specifically in the Center and surroundings of the property.

Numbers.

During 2022, the State of Yucatán received almost 2 million tourists, of which Mérida concentrated over 70% of guests. Of the 1.4 million people who stayed in the city of Mérida, 90% walked Paseo Montejo, which as of 2021 today has 1,459 rooms in its primary area of ​​influence, but again, there is not a single apartment complex in all of Paseo Montejo.

- 80% of those who visited Mérida are Mexican

- 20% are foreigners.

- The expatriate resident market

currently grew by approximately 5% after the pandemic.

Low Level:

*2 top notch restaurants

*Reception

*Administrative Office

First Floor:

*2 Lofts

*4 Studios

Second Floor:

*2 Lofts

*4 Studios

Rooftop:

*Pool

*Roof Garden

*Social Area

Neighborhood

More listings:

Building in Most famous avenue in Merida Paseo Montejo


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.