I have some really big real estate news (to help me get over my 49ers losing the SuperBowl). I have successfully negotiated, and signed a lease with the exclusive option to purchase the 22-acre parcel oceanfront parcel next door to my Hāmākua Hotel property.
Why is this significant? The property that my hotel sits on is 3.5 acres of oceanfront land but does not have beach access. This land does. It also creates excitingvexisnsiin possibilities. This lease allows me to connect to an already existing trail down to the beach from within our compound.
The benefits to this deal are multiple. One, we can now say we have beach access to interested bookers, as well as a brand new pool. For the last 20+ years that answer had been no. Two, our hotel guests can now take a beautiful nature walk/hike down to the waterfront in the below video. It’s about a two mile round trip experience with ocean views most of the way through a tropical jungle. Three, the option to purchase will allow us to buy the land at today’s price, which we can then add to our parcel. This would take us from our current 3.5 acres to 25.5 acres of oceanfront real estate and a mile of coastline. This should appreciate our property immensely.
I have been raising capital to finish the pool and renovate the hotel rooms. I’ve raised $1,065,000 of the $1,350,000 raise, so almost home. Units cost $1 per share and the minimum investment is $50k. If anyone is this group is interested in jumping in before I close this out, please reach out soon. I’ll likely close the round by months end.
🌈😎💪