Wyndham Bay Point Resort - Panama City, Florida

Acquired: April 2014
Location: Panama City, Florida
Investment: CaiCap Portfolio
Strategy: Commercial Hotel Property Rehab and Reposition

Cai Investments LLC through Cai Investments Series 15 LLC  are focused on providing secure, attractive investment returns through the strategic acquisition and asset management of distressed real estate based assets in strengthening  U.S.  Markets of stability and growth.

Cai Investments Series 15 LLC completed the acquisition “CLOSED” on the Baypoint Resort Hotel and Convention Center on May 23, 2014. The Wyndham Baypoint Resort consists of 300 +/- acres ocean front property, two 18 hole golf courses one of them the only Jack Nicklaus Course in Northwest Florida, 319 Hotel Rooms consisting of 120 Golf Villas located on the Nicklaus Course with an additional 199 hotel rooms adjacent to the water front of St. Andrews Bay overlooking the Gulf of Mexico, 40,000 sq. ft. of convention center and spa in Panama City, Florida.  This resort was built for $86,000,000 million dollars in 1987 and from 2005 to 2008 over $24,000,000 dollars of renovations were completed. This asset is irreplaceable and would cost over $100,000,000 in replacement cost to replicate this destination with amenities.