Development Land for Hotel/Condominiums in Cabo San Lucas

This listing offers a substantial development opportunity in the prime location of Cabo San Lucas, Mexico. Spanning 35,000 square meters, this beachfront land is zoned for commercial use (Type C) and permits the construction of hotels up to 5-7 floors, as well as condominiums and villas. The property currently features a 155-room hotel that has been successfully operating for 39 years, catering to both national and international guests. The buyer will have full discretion over the existing hotel's future. The sale includes the dominion of the current operation company and its shareholder shares, facilitating a smooth transition. Interested parties are required to submit a Letter of Intent (LOI) along with proof of funds to initiate the escrow process, which includes a 10% earnest deposit. Land values for beachfront plots in this area can reach up to $2,000 per square meter.