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Wyndham Residences Golf del Sur

Asset Issuer

InvestBay

Asset Platform

InvestBay

Asset Name

Wyndham Residences Golf del Sur

Asset Class

Real Estate

Asset Type

Commercial Real Estate

Asset Abbreviation

WRGS

Asset Fraction Price

€100

Asset Fraction Yield

8.69%

Asset Fraction Maturity

5 years

Min. Investment Size

€100

Asset Fraction Sale End Date

November 26, 2024

Category

Description

Wyndham Residences Golf del Sur is an established family-run resort on the south coast of Tenerife, just 10 minutes' drive from Tenerife Sur Airport and about 600 meters from the coast. The south coast is the island's main tourist destination, known for its long natural beaches and breathtaking views of the Atlantic Ocean and Mount Teide. The resort comprises approximately 133 units, of which about 100 are owned and managed by the Idiliq Group. Guests enjoy extensive facilities such as 24-hour reception, swimming pools, games areas, bar, mini-market and restaurant. The resort has an "Outstanding" rating on Tripadvisor and has won the Travelers' Choice Awards 2024. The subject property is a 38m² apartment with one bedroom, bathroom, living room and kitchen, plus a 15.8m² terrace. It is ideal for couples and small families. The property will be renovated within 12 months of completion of purchase (expected November 2024) and upgraded to "premium" level. It will be equipped with modern standards including TV and WIFI. The property will be managed by Idiliq Group under a 10-year contract with Wyndham Hotels & Resorts. Strong cash flow is expected with an annual occupancy rate of 86% and an average daily rate of EUR 128 after the planned refurbishment. Annual rental growth is forecast at 6.5% and capital value growth at 10.7%. The property is expected to generate an annual net income of approximately EUR 11,530 on an initial investment of approximately EUR 262,888, representing a net return on investment (IRR) of 8.69%.

Features

The Wyndham Residences Golf del Sur is located on the south coast of Tenerife, a major destination for international tourists. The area is known for its long natural beaches and breathtaking views of the Atlantic Ocean and Mount Teide. Combined with fishing villages, golf courses and lively resorts, it offers something for every visitor. Most of these tourist attractions are located close to the resort.

Nearby attractions include:

  • Well known golf courses “Amarilla Golf” and “Golf del Sur” - 3 and 5 minutes drive respectively
  • Natural beaches of El Medano and La Tejita - 10 minute drive
  • The attractive fishing village of Los Abrigos - 10 minute drive
  • Lively resorts, Los Cristianos and Playa de las Americas as well as family-friendly Costa Adeje and the Siam Park (aquapark) - 20 min drive.

Wyndham Residences Golf del Sur is a low-rise, family-oriented resort spread over the ground and first floors. The entire wooded resort includes approximately 133 units accommodating up to 676 guests. Units include studios, one and two bedroom apartments as well as two and three bedroom villas.

The resort offers extensive amenities that you would normally expect from a quality hotel:

  • Two seasonally heated swimming pools (including a children's pool).
  • Gardens, terraces, bar, restaurant and play areas
  • Mini-market, shop, kids club and multilingual reception
  • Complimentary toiletries, WiFi and air conditioning throughout the resort

Suite 13D

Unit 13D is a south-facing one-bedroom apartment located in D Block with garden views. It is centrally located in the resort, close to the main reception and pool area. The 38.09 m² apartment includes a separate bedroom, bathroom and an open plan living room with kitchen and dining area, plus a 15.8 m² outdoor terrace.

Details

Asset Location

Spain

Regulatory Jurisdiction

Spain

Asset Fraction Type

Security Tokens

Asset Standard

ERC-20

Blockchain Network

Polygon

Total Asset Fraction Supply

262,888

Asset Fraction Sale Allocation

0

Total Asset Fractions Sold (So Far)

262,888 - 100% SOLD OUT

Max. Investment Size

-

Asset Fraction Sale Start Date

August 1, 2024

Assesment/Rating Provider

ToFi24

Assesment/Rating

4/5

Assessment/Rating Proof

Contact ToFi24

Asset Insurance

Wyndham Info Prospect

Contact Asset List

Financial Statements

Wyndham Info Prospect

Wyndham Info Prospect

Financial Audits

Contact Asset List

Contact Asset List

Asset Valuation

€262,888

Asset Valuation Documentation

Wyndham Info Prospect

Wyndham Info Prospect

Asset Ownership Structure

Contact Asset List

Contact Asset List

Company Registration

InvestBay Whitepaper

InvestBay Whitepaper

License or Regulatory Framework

Smart Contract

0xaf75fd374a2553bb832b99a83e441683ba0d3322

Smart Contract Audit

Contact Asset List

Whitepaper

Wyndham Info Prospect

Wyndham Info Prospect

Relevant External Links

N.A.

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