FOR SALE SMALL BEACHFRONT HOTEL NEAR PUERTO MORELOS ADJACENT TO THE FUTURE "EL CID" DEVELOPMENT Description: A small 39-room beachfront condo hotel with an adjacent site for up to 780 beachfront rooms next to the future El Cid development in Puerto Morelos. Location: 36 kilometers (22 miles) south of Cancun, Mexico, and 32 kilometers (20 miles) north of Playa del Carmen. Only 23 kilometers (14 miles) from the Cancun airport, on the southern edge of the fishing village of Puerto Morelos. This area is known as the "Mayan Riviera", and is marketed internationally under that name. Natural Attractions: A white sand Caribbean beach protected by a superb virgin coral reef. Proximity to Cancun, Cozumel, the Mayan ruins on the Yucatan coastline, and relatively short driving time to Chichén Itzá and Mérida via the new highway. Diving, fishing, and snorkeling are excellent. Description and Zoning A low rise condo-hotel with 21 spacious beachfront condominiums divisible into 39 keys. The property has a large freshwater swimming pool, restaurant, bar, 250 meter (2500 square feet) entertainment center, and a large beachfront jacuzzi. The hotel is situated on 10,000 square meters of land (2.46 acres) with 100 meters of beachfront. The adjacent land has 550 meters of beachfront and is 100 meters deep. Together the hotel and adjacent land have 850 meters of beachfront (2,112 feet) and have a combined area of 65,000 square meters (16 acres). Zoning in the area is commercial with a maximum density of 120 rooms per hectare, enabling the construction of as many as 780 hotel rooms. The property is surrounded by the future El Cid development except for a very small hotel (Rancho Libertad) located north. Significant Characteristics: There is a gap in the coral reef directly in front of the property enabling the passage of large yachts. A marina has been designed for the property. The ocean in front of the property is excluded from the local marine national park - facilitating construction permissions. Windstar Cruises now bases a ship within 500 meters of the property and larger cruise ships have announced their intention to dock in Puerto Morelos if the channel is deepened. The 1,200 room Meliá Hotel is now under construction several miles north of the property and the 300 room La Ceiba Hotel is under construction just north of the village itself. Most informed realtors expect a "boom" in the area. TABLE OF DISTANCES FROM PUERTO MORELOS NORTH SOUTH WEST EAST Airport 18 km Playa del Carmen 32 km Chichén Itzá 182 km Cozumel 30 km Cancun 36 km Xcaret 38 km Mérida 284 km Akumal 69 km Xelha 57 km Tulum 95 km Cobá 137 km PHYSICAL PLANT The 21 modern (1991) completed condos contain nearly 2,000 square meters of enclosed space (21,480 square feet). The villas have travertine marble floors, ceiling fans, central air conditioning, satellite TV, kitchens, and are wired for telephones. There are three penthouse apartments, a freshwater swimming pool, and an excellent restaurant and bar. Ample parking is available. There is a heated beachfront jacuzzi for 30 persons. SITE LAYOUT