Sheldon Good & Company to Auction off Estrella del Mar Golf and Beach Resort in Mazatlan, Mexico

Sheldon Good & Company, a Racebrook Portfolio Company and America’s leading real estate auctioneer, will conduct the international auction offering of the Estrella del Mar Golf and Beach Resort in Mazatlan, Mexico.

The property offers various income-generating components including golf courses, a Wyndham resort hotel, over 2,100 completed and to-be-built premium residential units comprised of condominiums and luxury home sites and over 431 acres of future development land. The sale gives investors or developers in the global hospitality industry to establish or expand their presence within the Mexican market. Bids for the property are due on Jan. 31, 2013.

The master planned development is comprised of two distinct sections. The southern portion of the property, Phase I, has vast infrastructure in place and is currently operational with an experienced management team.

The northern side, Phase II, incorporates hundreds of acres that provide a wide array of future development possibilities, including three additional beachfront condominium complexes, a second 9-hole golf course, a tennis club, equestrian facilities and numerous shops and restaurants. Buyers will have the opportunity to bid on Phase I, Phase II, or the property in its entirety.