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chuckie
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HOTEL SERENIDAD - A RARE OPPORTUNITY TO OWN A PIECE OF HISTORY
Dreadful shame, Robin, but as you say, a GREAT opportunity!
[Edited on 7-6-2014 by BajaNomad]
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desertcpl
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here comes the Ejidos
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toneart
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| Quote: | Originally posted by desertcpl
here comes the Ejidos |
That was my thought too. They make a run at the property every few years. They pick away like mosquitoes and can inflict bites. Any prospective
investor needs to be made aware of that. However, it is possible to overcome the Ejido, but it takes money, a good legal team and the indominitable
will of a Don Johnson.
This particular Ejido is bogus but they can demonstrate their side of their rights, with government support. Fortunately, through the years they have
been under funded and woefully inept at asserting their legal standing.
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bajabuddha
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The last conversation I had with Mr. Johnson was not what i'd call a 'promising investment' description of the Serenidad. Since the Gov't has
incurred so many tariffs on flyers coming in, and tourism is down over 70% across the board in Baja thanks to the wonderful press's coverage of the
Cartel murders (on the mainland no less), Mr. Johnson told me he'd reduced his prices by 50% to try to encourage more business his way. He was
definitely lamenting the current economy, or lack thereof. Even if one was given a superb low sale price on the whole shebang, one better have
enough scratch capital to sustain it indefinitely, because I don't foresee tourism booming any time soon, like the 'good ol' days', especially with
the lack of fly-in-business.
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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capt. mike
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very Sad but Don is getting old - he needs a break. It will never have the panache of the old days. Even BBP abandoned it for the whale trips for
Loreto. Glad I had 30 plus years going there before flying became too problematic in Mexico with eAPIS and all the rest of the CBP BS.
formerly Ordained in Rev. Ewing\'s Church by Mail - busted on tax fraud.......
Now joined L. Ron Hoover\'s church of Appliantology
\"Remember there is a big difference between kneeling down and bending over....\"
www.facebook.com/michael.l.goering |
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toneart
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| Quote: | Originally posted by capt. mike
very Sad but Don is getting old - he needs a break. It will never have the panache of the old days. Even BBP abandoned it for the whale trips for
Loreto. Glad I had 30 plus years going there before flying became too problematic in Mexico with eAPIS and all the rest of the CBP BS.
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We did have some good times, didn't we? 
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LancairDriver
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This would be a great business opportunity at 1.5 million if it weren't for the ejido looming in the background. The potential buyer will be perceived
as having deep pockets and the lawyers will be gathering like flys on dead fish to represent the ejido and begin the fleecing exercise. Probably would
be prudent to budget a like amount for future legal fees. Unfortunately it will probably be impossible to regain the iconic reputation of the golden
days of the hotel.
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toneart
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| Quote: | Originally posted by Robinhood
The ejido percentage has been accounted for in the sales price and negotiations are ongoing between all parties for a smooth transition.
The good ol' days of bush flying are past but where else could you pick up 50 waterfront rooms with all these amenities and panache for this price?
I remember when Mulege was booming and Don wouldn't sell the place for ten times the price. Times change and opportunities are created. Feel free to
find some comparables.
I would be happy to discuss any of your concerns via Skype at mulegeproperties, via email at mulegeproperties.com.mx, or in person at my office here
in Mulege. Out of respect for my clients I won't divulge any more information in this public forum than they feel comfortable with.
Thanks for the input....P.S. As always - bring me a buyer (s) that complete the deal and I will pay a finders fee. |
I have always found you to be forthright, honest and capable, Robin! You can pull it off and your clients will have ended up with a great property at
today's prices. Persevere and good luck. Mulege needs the Serenidad operational.
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capt. mike
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and......the airstrip is on federal land, Don does not own it - he only pays for the license and does the maintenance to benefit his amenity
adjacent. If you buy the hotel you don't get fee title to the airstrip.
formerly Ordained in Rev. Ewing\'s Church by Mail - busted on tax fraud.......
Now joined L. Ron Hoover\'s church of Appliantology
\"Remember there is a big difference between kneeling down and bending over....\"
www.facebook.com/michael.l.goering |
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Terry28
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This does appear to be a fantastic deal, even if the land was almost vacant....The only problem I would be concerned about would be " The bullet proof
" sales contract....I don't think that exists in Mexico...( actually bullet proof, may be a poor choice of words in Mexico....)
Mexico!! Where two can live as cheaply as one.....but it costs twice as much.....
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bajagrouper
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I used to drive from San Francisco and leave on a Thursday so we could enjoy the Saturday night pig roast, so many nice memories but I always wondered
how much it cost the Johnsons in legal fees over the years?
I hear the whales song
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bajabuddha
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| Quote: | Originally posted by Robinhood
Please continue the conversation but if you have any negative comments for the sake of negativity please respect Don, Nancy and myself by directing
your questions to my private emails.
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Don't sweat the small stuff, Robin. You're already 14 posts into your thread, and no one has inferred any blame to the POTUS, the acute immigrant
threat, Hobby Lobby or Lib-tards..... yet.
(J/K!)
I don't have a BUCKET LIST, but I do have a F***- IT LIST a mile long!
86 - 45*
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desertcpl
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Robin
I would think its a little naïve on your part that your posting here on BN would not generate a discussion about the Hotel
first I think its a great deal at 1.5M
and I have enjoyed the Hotel for years, nobody here is bashing the Hotel and the Johnsons,, great history, great location
but the history with the Ejido is not going to go away any time soon, and I wish you the best of luck
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chuckie
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Knowing most of the Ejidos present management, I believe they are a more practical group than in the past. I also believe that the Serenidad is
capable of coming back, given some aggressive marketing and creativity. I have had more great times there than I can remember (you can take that any
way you care to). A grand opportunity!
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BajaBlanca
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Location: La Bocana, BCS
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Met the Johnsons for the first time ever when we were on our month in La Paz visit. We wish them the best of luck.
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micah202
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.http://bajasur.es.craigslist.com.mx/reb/4552511196.html
......'' Mulege Properties' owner, Robin Frizzelle, has worked as a licensed Real Estate sales representative for global leader, Coldwell Banker, in
Lake Tahoe for 10 years. We promise ethical services and full disclosure''
...seems like you'll have no problem talking about either Ejidos OR potential floodplains then 
[Edited on 7-5-2014 by micah202]
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JC43
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| Quote: | Originally posted by LancairDriver
This would be a great business opportunity at 1.5 million if it weren't for the ejido looming in the background. The potential buyer will be perceived
as having deep pockets and the lawyers will be gathering like flys on dead fish to represent the ejido and begin the fleecing exercise. Probably would
be prudent to budget a like amount for future legal fees. Unfortunately it will probably be impossible to regain the iconic reputation of the golden
days of the hotel. |
1.5 million ??? When we stood at the Serenidad last time, the rooms where poorly maintained. Water spots at the ceiling. Only very few guests. Maybe 8
or 10. A hotel w/ about 50 rooms, a 1,5 million ticket a business opportunity when only 8 or 10 are booked? Oh, Robin, am I allowed to ask this?
Don Johnson is well known in Mulege, but not as the most honest man. BTW he lost the lawsuit against the Ejidos on the part of land on the
right-hand-side of the highway southbound about 40 ha. He claimed to be the owner of that land, but could not proof any payment to the court. That
lawsuit went on for about 20 Years..
Well, maybe I am completely wrong with all this. Maybe. But that is what goes around in Mulege..
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SFandH
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A 5% return on investment on 1.5 million would mean netting $6,250 a month, every month.
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chuckie
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JC43, I'll forgive you your ignorance. I have lived in Mulege for over 30 years, and until you have met Don Johnson and get to know him, your bashing
is inappropriate. If you don't want to buy the property, please don't.
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monoloco
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Location: Pescadero BCS
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| Quote: | Originally posted by SFandH
A 5% return on investment on 1.5 million would mean netting $6,250 a month, every month. |
If one could
average a 50% occupancy rate for the year at $65 a night it would gross $48,750 a month. That doesn't seem out of the realm of possibility, if someone
fixed the place up a bit and had some marketing skills.
"The future ain't what it used to be"
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