03/05/2016
Located in Cabo Rojo, Puerto Rico, Grupo Cacho(“GC”) owns or controls various parcels that are fully entitled to develop a mixed-use Resort Development currently known as Cabo Rojo Resort & Spa. It comprises a total of 871-Acres (including a 145-acre airport parcel) and a white-sandy beachfront that extends over a mile. As recently as 2012, Micelli Capital Advisors appraised the market value of the properties at $115,000 per acre or $100 million, and its liquidation value at +/- $80,500 per acre or $70,000,000. Grupo Cacho owns 350 acres from this assemblage without any bank financing. Grupo Cacho is seeking a Joint Venture Partner or buyer to acquire the development and its 871 acres. The cash infusion would be used to exercise our options to complete the purchase of the adjoining parcels, repay the private land loans on the main parcel.
