Terence Lushington
Tumba Muerto (PAN)
Role(s):
Pancorp Capital
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Startup
Location:
Tumba Muerto
Industry:
Real Estate
Year Founded:
2007
Number Employees:
INVALID
Description:
For the past five years I have been buying and developing beach front lots in the north east end of Brazil.
As you know, Brazil is part of the BRIC countries, which are the four countries that all analysts agree are on major growth mode. (Brazil, Russia, India, China)
I have bought and developed about 7 properties in Brazil and have done very well with each one. I am now ready to take this venture into a new phase.
I want to start buying small boutique hotels along the coast of Natal, Brazil. I have located the first one that I want to get my hands on. A hotel situated on the beach of Buzious which I can buy for about $R 1.8 million reals (Approx $750,000 U.S.)
The hotel makes money and in my estimation it is worth about $R 5 million reals. Once I buy this one, I would like to