DESTINATION
RESORTS HAWAII, INC.
THE SHOPS AT WAILEA
WAILEA,
Mr. Peter Gelsey
C/o COLDWELL BANKER
Aloha Peter,
Destination Resorts Hawaii (DRH) is the largest and
oldest full service, licensed, and bonded property management
company operating exclusively in the Wailea/Makena area since 1976. In order to assist your sales and listing
efforts, we are pleased to provide you with income ranges for properties we
represent. The following is to be
considered CONFIDENTIAL and is only applicable to DRH-managed
properties.
Up to 20 percent of the units in each category were
used to establish the gross income ranges based on actuals from 2003. For your information the first quarter of
2004 appears to be slightly better than 2003, and the second quarter is well
ahead of last year at this time.
ELUA VILLAGE
|
One Bedroom |
Oceanfront |
$75,000 |
$90,000 |
|
One Bedroom |
Oceanview |
$55,000 |
$75,000 |
|
Two Bedroom |
Oceanfront |
$105,000 |
$135,000 |
|
Two Bedroom |
Oceanview |
$75,000 |
$95,000 |
|
Three Bedroom |
Oceanfront |
$115,000 |
$170,000 |
|
|
|
|
|
|
GRAND CHAMPIONS |
|
|
|
|
One Bedroom |
Golf/Ocean |
$22,000 |
$32,000 |
|
One Bedroom |
Garden/Tennis |
$24,000 |
$30,000 |
|
Two Bedroom |
Golf/Ocean |
$28,000 |
$40,000 |
|
Two Bedroom |
Garden/Tennis |
$24,000 |
$30,000 |
|
Two Bedroom/Den |
Garden/Ocean |
$25,000 |
$45,000 |
|
|
|
|
|
|
WAILEA
EKAHI |
|
|
|
|
Studio |
Oceanview |
$25,000 |
$40,000 |
|
One
Bedroom |
Oceanview |
$35,000 |
$55,000 |
|
Two Bedroom |
Oceanview |
$55,000 |
$80,000 |
|
|
|
|
|
|
MAKENA
SURF |
|
|
|
|
Two
Bedroom |
Oceanfront |
$80,000 |
$115,000 |
|
Three
Bedroom |
Oceanfront |
$105,000 |
$140,000 |
|
|
|
|
|
|
POLO
BEACH CLUB |
|
|
|
|
Two
Bedroom |
Oceanfront |
$50,000 |
$80,000 |
|
Two
Bedroom |
Oceanview |
$50,000 |
$80,000 |
|
|
|
|
|
|
WAILEA
EKOLU |
|
|
|
|
One
Bedroom |
Golf/Ocean |
$24,000 |
$32,000 |
|
Two
Bedroom |
Golf/Ocean |
$26,000 |
$36,000 |
Owner
usage, view, location, and interior condition must be considered when
discussing revenues for a particular unit.
It is also important to understand that the numbers presented are before
management fees, Association dues, incidental maintenance, liability/contents
insurance, utilities, property taxes, capital improvements, and debt service.
Also, please be advised that sales of units on our rental program are subject to existing reservations by contract with the Owner.
I will be happy to assist in any way with more
specific information should it be necessary.
Mahalo nui loa,
Maynard Torchiana, C.H.A.
Executive Vice President
Destination Resorts, Hawaii, Inc.
/g