Attention Hoteliers and Condo Hotel
Time-Share Specialists:
Be Part of San Miguel de Allende´s Tourism Scene Through Condo Hotel Posada la Ermita SA de C.V. Ownership
Condo Hotel Posada la Ermita
Today there exists an opportunity to purchase 80 percent + shares of controlling ownership in this grand hotel in the “World’s Best Small City”** through Condo Hotel Posada la Ermita SA de C.V. ownership
In San Miguel´s desirable Centro and perched on a hillside overlooking the city – Condo Hotel Posada la Ermita can offer fresh possibilities for today’s new tourism market with 31 total rooms and 25 rooms in the Condo Hotel Posada la Ermita SA de C. V. purchase, with 6 for existing time-shares (not included in the purchase).
Luxury hotel brands such as Rosewood, Waldorf Astoria, Hyatt Boutique and Pueblo Bonito-Vantage are recognizing San Miguel for the tourism growth market that it is…discovered worldwide.
With almost 1 acre of possibility with endless views…make a revival of one of the best spaces available in San Miguel de Allende today in Centro, the very heart of the city – the most desired location of everyone.
**Best Small City in the World Award given to San Miguel de Allende by Travel & Leisure 2024, also named a UNESCO World Heritage City.
With 24 Master Suites / 3 Junior Suites / 4 Rooms and a “Presidential Suite” with dining room, 2 bedrooms and private rooftop garden, the current state of Condo Hotel Ermita’s ‘captive guests / time-share ownership’ is approximately 195 condos plus 100 members of condominium shares - giving Condo Hotel Ermita approximately 300 “captive clients” who must pay their fees annually, which, as of this year, represents 3 million pesos per year.
The time-share ownership guests represent a captive income for the finances of the Condo Hotel Posada la Ermita SA de C.V. business, since the condos and partners are contracted to cover a maintenance fee to the La Ermita Condo-Hotel, whether they use their time or not. The annual recovery of these maintenance fees is an amount that currently covers approximately 80 % of the operating costs of the Condo Hotel Ermita, with this fee indexed to annual inflation, it increases every year.
For these commitments in general, with 6 suites during the 52 weeks Condo Hotel Ermita can provide rooms to 416 guest
nights, that is, currently Condo Ermita Hotel is at quite a surplus.
For the same reason, the weeks that the 6 interval ownership suites are not occupied by the interval ownership system, the free suites may be rented to guests of the hotel by Condo Hotel
Posada la Ermita SA de C.V.
The company (legal entity) is CONDO HOTEL POSADA LA ERMITA
S.A. of C.V. Its share capital is represented by 100% of the company’s
shares, and it is the owner of the property called CONDO HOTEL POSADA LA ERMITA. Today it is the owner of everything NOT SOLD in the condominium hotel and simultaneously it is the permanent administrator of the condo-hotel and is the owner of all the operations whose buyers stopped paying the maintenance fees for more than three years and those who abandoned completely.must pay their fees annually, which, as of
Additional benefit: For the vacation time-share club system, the Condo Hotel Ermita development is the oldest operating in Mexico, of the International Exchange System, RCI de México. With registration number 113 Condo Hotel
Ermita was the first in the Mexican Republic. The Condo Hotel Ermita is also a partner in a direct exchange system with more than twenty developments within the Mexican Republic.
The purchase is sale of shares of Condo Hotel Posada la Ermita, S.A. or C.V. represented by 80% of the business Condo Hotel La Ermita by share-holder. P&L / operational information will be provided through a non-disclosure agreement.
Caveat: There is one building under Escritura in the hotel complex. It is coming into sale as probate is concluded. The owners of the building (3,872 M2) may be amenable to sell at this time.
Presidental Suite
