Iam seeking 1-2 Partner(s)/Investor(s) for a turistic project in Latin America/Caribbean,depending upon the size and scope of such a project. While this is a "hostel" site I am very open to a more mixed use property so as not to be limited in the market or the possible revenue streams. The #1 goal for any project is for it to be "Finacially Viable". I am not looking to "get rich" however it needs to provide a "living wage" for those involvled AND protect the initial investment. My main purpose in seeking others is that I have owned a successful hotel/bar and restaurant before and it takes a enormous amount of work, time and energy to make it work and I do not wish to take such a project on as a sole proprietor at this time.
For those that reply please keep a open mind as to the "What" of the project and focus more on the finacials, location and lifestlye that such a endeavor can provide to all involved. Some locations will be more viable as a "Guesthouse" or a Mix of Private/Dorm Rooms, a "Aparthotel" or a straight up "Hostel". Also keep a open mind to other potential revenue streams, it will vary as to location what will fit the area. Many possibilites and don't need to be limited in any way. Some will benefit from a bar/restaurant, tour operations, equipment rentals and/or lessons, etc.
My ideal project will be a beach location and while it is desireable to be "Beachfront" it is also much costlier in both initial investment as well as repair/maintenance and insurance, etc. It should be set up in a equity type corporation to protect each individual investor as well as to follow all local laws, regulations and customs. The attributes it should have are "CLEAN", well maintained, value and quality for our guests, safe and secure, respect to our surroundings and neighbors, respect to our employees and service vendors, and also to help within the local community and be a asset to them. It would be nice to be "Eco-Friendly" and try to lessen the carbon footprint in any viable way possible. We should be able to bring in some way a unique experience, weather it is through the lodging, ammenites, location or customer service.
Ideal partner(s)/investor(s) will 1st off have the finacial capacity to "Buy In" to a project. Keep in mind, we will be buying both a revenue stream and a asset. The inital minimum start up for a project is going to be 300K PLUS divided into equity shares per each individuals investment. This will inclule the purchase of the real estate, furnishings/fixtures, operating supplies and operating cash on hand. You must also be willing to dedicate your first year at a minmum to mostly work/little play and a very low salary draw. Hopefully we can divide all the duties up to be equitable to all and each person should cross train in the areas thay are not as comfortable with. You should have the ability to discuss matters in a reasonable manner and have no rancor when a decision is made. Attributes that will be helpful is a working knowledge of Spanish, skills in finances, cumputer, marketing, reservations,customer service, building mainenance, etc. and most importantly have a GREAT ATTITUDE and POSSITIVE ENERGY.I am open to location and only rule out for security reasons, El Salvador, Honduras with the exception of the Bay Islands and Venezula.
My top 2 choices are Nicaruga, due to the low cost of real estate and a very low crime rate and the North Coast of the Dominican Republic as I already own property there. I am well aware that each and every location will have pros and cons of "doing business", life style, business models that will or won't work and so on, so don't be shy in voicing your opinions. Please contact me directly with your thoughs, insights, experiences, feelings and concerns. I am open to discuss any and all ideas as long as they are grounded in reality, have the potential to be finacially viable, and will provide a quality life style.
Kevin Paulson [email protected]