Condo Hotel Posada La Ermita English Versionn

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 1

Today there exists an opportunity to purchase 80 percent

In San Miguel´s desirable Centro and perched on a hillside

“World’s Best Small City”** through Condo Hotel Posada la

fresh possibilities for today’s new tourism market with 31 total

+ shares of controlling ownership in this grand hotel in the

overlooking the city – Condo Hotel Posada la Ermita can offer

Ermita SA de C.V. ownership

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).

2

Luxury hotel brands such as Rosewood, Waldorf Astoria, Hyatt

With almost 1 acre of possibility with endless views…make a

Boutique and Pueblo Bonito-Vantage are recognizing San Miguel

revival of one of the best spaces available in San Miguel de

for the tourism growth market that it is…discovered worldwide.

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.

3

With 24 Master Suites / 3 Junior Suites / 4 Rooms and a

The time-share ownership guests represent a captive income

“Presidential Suite” with dining room, 2 bedrooms and private

for the finances of the Condo Hotel Posada la Ermita SA de

rooftop garden, the current state of Condo Hotel Ermita’s

C.V. business, since the condos and partners are contracted

‘captive guests / time-share ownership’ is approximately 195

to cover a maintenance fee to the La Ermita Condo-Hotel,

condos plus 100 members of condominium shares - giving

whether they use their time or not. The annual recovery of

Condo Hotel Ermita approximately 300 “captive clients” who

these maintenance fees is an amount that currently covers

must pay their fees annually, which, as of this year, represents

approximately 80 % of the operating costs of the Condo Hotel

3 million pesos per year.

Ermita, with this fee indexed to annual inflation, it increases every year.

5

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.

shares, and it is the owner of the property called CONDO

For the same reason, the weeks that the 6 interval ownership

HOTEL POSADA LA ERMITA. Today it is the owner of everything

suites are not occupied by the interval ownership system, the

NOT SOLD in the condominium hotel and simultaneously it

free suites may be rented to guests of the hotel by Condo Hotel

is the permanent administrator of the condo-hotel and is the

Posada la Ermita SA de C.V.

owner of all the operations whose buyers stopped paying the maintenance fees for more than three years and those who

The company (legal entity) is CONDO HOTEL POSADA LA ERMITA

abandoned completely.must pay their fees annually, which, as of

S.A. of C.V. Its share capital is represented by 100% of the company’s 5

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

Presidental Suite

system with more than 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.

twenty developments within the Mexican Republic.

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.

6

7

Hotel opened in 1970 SM2 land 3,720 Sf land 40,030 SM2 const 3,062 Sf const 32,595 total hotel property

$6,000,000 six million USD

Contact: Camie Fenton (+52) 415-114-9007 camieinmx@gmail.com 8