Overview
Avison Young is pleased to present the opportunity to acquire three luxury beachfront resorts within Colibri Boutique Hotels, a premier collection of luxury boutique beachfront hospitality assets located in Tulum, Mexico, including*:
- La Zebra Tulum (50 keys; including former Lula Wellness Resort-20 keys)
- Mezzanine (9 keys)
- Mi Amor (20 keys)
With over 20 years of operating history, Colibri has built a highly regarded platform defined by design-forward boutique properties, experiential guest programming, and strong operational performance.
The portfolio offers investors immediate exposure to high-margin leisure hospitality in one of the world’s most sought-after lifestyle destinations, underpinned by scarce beachfront real estate and scalable platform potential.
*Owner will consider the sale of one additional resort property in Tulum, one in Baja California and another on Little Corn Island in Nicaragua.
Tulum Beachfront Core Portfolio
La Zebra & Lula
- 50-key combined beachfront complex (125 linear meters) with spa studios, swim-up bars, A/V lounges and F&B concepts
- Recently awarded One MICHELIN Key in the MICHELIN Guide Hotel Selection 2026.
- Recently received the highest-ranking resort in Tulum’s beach zone on Travel + Leisure’s 2026 list of the 25 best resorts in Mexico, making it the 14th ranked resort nationwide with a 95.2 reader score.
- Positioned for operational integration and revenue synergies
- Blend of lifestyle hospitality and wellness-driven experiences
- Potential for a 16 premium oceanfront suite expansion
Mezzanine & Mi Amor (40 linear meters of beachfront each)
- Mezzanine – 9 keys
- Mi Amor – 20 keys
Located within Parque Jaguar Tulum, a protected natural reserve where the Caribbean Sea, tropical jungle, and Mayan heritage converge, these properties offer:
- Elevated positioning within a conservation-driven, supply-constrained environment
- Highly curated, intimate guest experiences
- Strong appeal to luxury leisure and couples-oriented demand segments
Additional Acquisition Potential (separate pricing)
MIRA Earth Studios - Valle de la Guadelupe, Baja California, MX
- 10 luxury "Earth Studios" with potential to add 10+ on 4 hectare site
- Beautiful social area with pool, restaurant, bar, reception, boutique etc.
- MICHELIN Guide-Recommended Restaurant (Fireside)
- Intl. recognition & distribution via Marriott Bonvoy, Tablet Hotels & Design Hotels
- Original wellness resort in a growing market including the Banyan Tree Veya (30 keys) and coming soon, the Montage Valle de Guadalupe (62 keys).
Yemaya Reefs – Little Corn Island, Nicaragua
- Lovely private island resort offering barefoot luxury and experiential travel positioning
- 20 keys, with permits ready for 40 more
- 10 acres of land with more than 1,000 feet of beachfront
INVESTMENT THESIS
This opportunity offers investors:
- Ownership or partnership in a best-in-class boutique hotel platform
- Exposure to prime Caribbean beachfront real estate
- Immediate in-place cash flow and strong operating performance
- Significant scalability and value creation potential
- Alignment with secular growth trends in:
Luxury leisure travel
Wellness tourism
Experiential hospitality
OPERATING PLATFORM & BRAND
Colibri Boutique Hotels operates as a fully integrated hospitality platform with capabilities across:
- Core Verticals
- Hotel operations and asset management
- Food & beverage concepts (seasonal, locally sourced cuisine)
- Wellness programming (yoga, spa, retreats)
- Destination experiences and curated travel
- Weddings, events, and buyouts
BRAND PHILOSOPHY
Colibri is built around “hospitality with purpose”, emphasizing:
- Environmental stewardship
- Local community integration
- Authentic guest experiences
- Design-led, culturally rooted hospitality
Investment Highlights
DEAL PARAMETERS
- Land Size (combined)*: 1.4 combined hectares / 200+ linear meters of beachfront
- Land Value (combined): Hotel Zone-Beachfront: $1,400 - $1,700/sm = $20-24M
- Portfolio Forecast 2026 (trailing 12 month actuals through Aug-26)
- Occupancy: 66%
- ADR: $394
- RevPar: $259
- Total Revenues: $12,377,644
- EBITDA: $3,834,111 (31% margin)
- Luxury Beachfront EBITDA Multiple: 9-11x
- Ask: $30M (7.8x EBITDA)
* For more than 20 years, Owner has enjoyed the uncontested and fee-free possession of an additional 3 hectares directly across the main road from LaZebra's entrance for use as storage, maintenance and parking. Should a legitimate title owner appear at the closing of this portfolio, the buyer will need to negotiate to acquire this land.
OWNERSHIP STRUCTURE
La Zebra, Mezzanine, and Mi Amor are owned and operated in Mexico by individual Mexican Operadoras. The shareholder of each Mexican corporation is a Singapore based subsidiary corporation, which in turn is owned by a Singapore holding company (3 Mexican corporations / 3 Singapore subsidiary companies / 3 Singapore holding companies). This structure was put in place in 2015 to achieve several objectives for the Seller, and the Buyer:
- Selling each hotel is very easy; it can be executed through the sale/transfer of shares in the Singapore subsidiary companies. An electronic share transfer is completed in a few minutes and ownership changes immediately.
- There are no taxes or other ownership transfer fees to pay in either Mexico or Singapore. Under the Mexico-Singapore tax treaty/code, the sale of Singapore shares that own an underlying Mexican asset is not taxed in Mexico as long as less than 50% of the value of the Mexican asset is from real estate/buildings, and more than 50% is from business operations, IP, brand, etc. Our client has had the valuations done to confirm this is the case with the Tulum assets. A Buyer of the Singapore Subsidiary Co will carry forward these benefits in the future when they wish to sell the hotels; they will simply sell the Singapore company shares as well.
- With the sale of Singapore shares, the Operators continue to operate the properties unchanged. There is no need to change land title ownership in the Public Registry, no need to change the names on any licenses, permits, employment contracts etc. New bank accounts in the name of the Operators are simple to achieve because ownership and all the required documentation is already with the Bank. This is a huge benefit, saving time and money.
Regarding
- MIRA Earth Studios… same structure as above, but using a Panama LLC as the owners of the Mexican Operadora.
- Yemaya Reefs… the Seller would sell the shares in a Nicaragua holding company that exclusively owns the shares in the Yemaya Operadora. This is simple and clean in Nicaragua.
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