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The project is developed by Alberto Alvarezone of the most solid and respected real estate firms in Medellín. From the beginning, Cassia had the elements that define an attractive product: a well-located lot, a functional design and a clear focus on the rental exchange model.
At MACCA we are not responsible for the design or development, but we saw in the project a clear opportunity to contribute with our experience in this model and its real estate commercialization. Therefore, today we are accompanying the sale of its last units, convinced that, with a new hotel operation aligned and a precise commercial strategy, the project's potential can be fully activated.
It was designed to respond to the profile of the traveler who combines work and rest. The project adapts to the new dynamics of urban tourism in Medellín. Its location in Laureles, with close access to cafes, restaurants, supermarkets and main roads, allows a seamless experience for those who travel for work, but do not renounce to comfort or the environment.
CASSIA is a project with a well thought-out business model, aligned to the market and with a design and architecture that will seek to capture the modern traveler, recalling the origins of the Laureles neighborhood.
This project will operate under the rental exchange system through the hotel operator "Blackroom". There will be 50 suites with modern finishes participating in the rental model.
Profitability is projected at 17% assuming an appreciation of 7% of the annual value of the property. (*Projected profitability is subject to market conditions and occupancy).
The project will be located in Medellin on Nutibara Avenue, 1 block from the second park in Laureles, right at the beginning of the gastronomic area.
Complete the form and download all the relevant information about the SUITES of the CASSIA Medellín hotel project.
On Nutibara Avenue between the two parks of Laureles, close to all the gatronomic zone.
That will function as a hotel. The building also has a rooftop and commercial space on the second floor.
In this model, although you own your own hotel suite, you participate in the global business of renting all the suites available in the month.
By making your investment you will be able to acquire a unit that will function as a suite and be part of a passive income investment model.
With an average occupancy rate of 70% at a market rate of $75usd and an appreciation of 7%.
Using their lightweight operating model, they will seek to improve both margins and guest satisfaction.
More info: blackroom.com.co
*The numbers in the business proposal are a projection calculated under an average occupancy of 70% and are based on the average occupancy of the city of Medellín. Variations in the market and external factors may alter the result. Construction times are calculated based on normal market times and conditions and the correct disbursement of installments by investors. Investing involves risk, including loss of principal. Past performance does not guarantee or indicate future results. Historical returns, expected returns or probability projections may not accurately reflect actual future performance.
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