SOTAVENTO RESIDENCES

LOCATION: Zihuatanejo, Mexico
TYPE: Condo Conversion
SIZE: 121 Units
PARTNER: 20/20 Group

Sotavento Residences is located on the most prestigious beach in Zihuatanejo, Mexico. The building was built to be a hotel in the 1950s and occupies the best development site in a luxury market poised to achieve worldwide recognition. Following a conversion to condos, Sotavento Residences will offer leisure travelers and second-home buyers the opportunity to engage in world-class activities in a world-class location.

Zihuatanejo is a picturesque bay comparable to many of the booming tourism and second home destinations along Mexico`s Pacific coast but with unique attributes and infrastructure that distinguish the location. The neighbourhood combines older facilities that maintain the town’s history and character with recent developments that add modern convenience, assisting with the area’s move to luxury competitiveness. Growth in Zihuatanejo is facilitated by improved transportation including expansions in federal highways and additional nonstop air service from major urban centers.

The Sotavento Residences condo development plan will see the conversion of the current units into 99 luxury condominiums, renovation of the existing two towers, and the addition of 22 high-end units in a brand new third tower. The project is undergoing exterior and amenity upgrades and will incorporate sustainable development principles in keeping with North American focus on green development. The physical topography and beachfront location ensure ideal visibility for all of the suites and ocean views for most units. Operational efficiency throughout and following conversion is expected to be high.

Fast Track Capital’s strategic partner in this investment is the 20|20 Group Inc. Founded in 2001 by chairman and CEO John Murphy, the company is one of the largest condo conversion specialists in North America. The 20|20 Group has projects across North America, spanning from Dartmouth, Nova Scotia to Scottsdale, Arizona, including a new $1.4 billion resort project overlooking BC’s Okanagan Lake. Fast Track Capital is proud of its successful long-term working relationship with the 20|20 Group.

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