maxim bunglows in Juan Dolio

[kashbarker]

I would be careful, it has taken them years to do basically nothing with the resort, and their payment history is very suspect, ask any supplier, partner, or even employees.

Conchman, Hello. Have you had dealings with the Elliott's? I have investments with them for the past four years, and for the most part have been very happy. I'm alittle concerned that you say their payment history is very supect, and would appreciate it if you could send me some info on what your seeing from suppliers, partners, and employees. I feel that I have done some good research, but where I live in the states, I have limited time to keep up on what is going on down in the DR. If you have any info that you feel might be of interest to me, please PM me. Thanks...

 

[STEVE G.]

Few pics update

Hello. If your able to, will you sent a few new pictures of the Maxim Bungalow project. Thanks for your help.

 

[STEVE G.]

 

[STEVE G.]

 

[kashbarker]

Steve, Thanks for the photo's. It would appear that there is still alot of work that needs to be done on this project before it will open. Thanks...again...

 

[pizzabite]

Does anyone have any insight as to what stage the renovations are in, and when is the anticipated completion date? Seems like there has been almost no progress since last year.

 

[STEVE G.]

Does anyone have any insight as to what stage the renovations are in, and when is the anticipated completion date? Seems like there has been almost no progress since last year.

The last works they have done was flooring , change tiles , haven't seen anything else . It's real slow . Just don't see it coming this year . :ermm:

 

[STEVE G.]

Just in case I took again some more pics for you guys

 

[STEVE G.]

 

[STEVE G.]

 

[STEVE G.]

 

[pizzabite]

Steve, thanks for the pics and update. It appears the banner/sign was removed, has the developer/owner changed? Just out of curiousity what would you estimate the monthly govermental taxes and fees are for the entire property?

 

[bowhunter]

Pizzabite, what is this banner/sign that you are talking about? Does anybody have a picture with it? I'm curious to see what the sign said before. Thanks.

 

[Matilda]

Pizzabite, what is this banner/sign that you are talking about? Does anybody have a picture with it? I'm curious to see what the sign said before. Thanks.

maxim bungalows opening soon

 

[STEVE G.]

maxim bungalows opening soon

Opening soon 2007 , 2008 ... etc

 

[Dre Broeders]

Already very long time nobody is working there.

 

[Investor]

I'm interested in learning more about this project.

Can anybody shed some light on figures such as price per square foot, anticipated rate of return, specific risks, etc?

 

[Dre Broeders]

Why nobody is working on the renovation from this building?

 

[Investor]

There could be many reasons.

My first guess would be to garner more sales before finishing and closing. It's more economical for them to wait now than to sell units after opening.

My second would be that they're focusing resources on completing the Cofresi project first.

 

[kashbarker]

To help with the answer to this question, I have been told that the property as is has a $59 mill value, Not sure what the taxes would be on that??