Is a tropical resort rehab project your thing? Existing infrastructure and a large land area ready for renovation. A very profitable rehab opportunity. Kusuma resort was a very popular local drawcard destination prior to the Covid pandemic, at which time the resort was closed, and has not operated since. Aside from the existing infrastructure, the land is in an ideal lagoon environment and is already zoned and approved for resort operations, saving time and expense compared to starting a development from scratch.
The location, land area and existing infrastructure make this property an ideal resort rehab opportunity with numerous pathways to capital growth, cash flow or profit. The site can be rehabbed and sold, rehabbed to a 4–5-star standard to fill the market gap in existing resorts, or rehabbed and villas individually sold to investors with or without leaseback to a resort operator. Perfectly suited to an astute developer looking for a foreclosed resort opportunity or bank owned resort investment.