View Single Post
  #42  
Old Posted Jan 13, 2017, 4:13 AM
Innsertnamehere's Avatar
Innsertnamehere Innsertnamehere is offline
Registered User
 
Join Date: Jan 2010
Location: Hamilton
Posts: 11,607
So the building apparently has 118 condo units, so 62% are included in this sale. Unsure how many hotel units are in it, but it is probably a similar if not even greater %. It's a damn miracle this thing ever got built in the first place with sales numbers like those. $300 million for the lot should be a steal. The units here are very large, luxury condos so an average of a million each seems more than appropriate. I don't know enough about the nature of the hotel rooms to know how much they are actually worth, though.

I'm sure it's way below construction costs no matter what however.
Reply With Quote