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Investment Memorandum · Confidential

Roma PH

Tonalá 203 · Roma Sur · Mexico City

A turnkey boutique penthouse with a private rooftop, a Guest Favorite track record, and a verified income stream.

Roma PH · private rooftop at sunset overlooking Mexico City
117 m² Total Use 2 Bedrooms 2 Bathrooms Private Rooftop
4.93 Rating
Guest Favorite · Superhost 10 yrs
01 · At a Glance

An unusually complete package: deeded square meters, hospitality reputation, documented income, and clean title — assembled into a single asset.

Interior 65 m² Habitable, deeded
Balcony 11 m² L-shaped, dual exposure
Private Rooftop 41 m² Deeded · fully equipped
Total Exclusive 117 m² Usable area
Guest Rating 4.93 ★ Guest Favorite tier
Host Status Superhost Guest Favorite · 10 yrs
Gross / Month $60,000 Stabilized average
Net NOI / Month $40,000 After operating costs
02 · The Asset

A top-floor corner penthouse, sole unit on its level, in a boutique eight-residence building delivered new in 2022.

The elevator opens directly into Tonalá 203 — no shared corridor, no neighbors on the same floor. Two exposures of floor-to-ceiling glass wrap the corner, drawing morning light through both bedrooms and afternoon light across the living spaces. Hard finishes throughout: porcelain, stone, wood. No carpet, no compromise.

Two true bedrooms (primary en-suite, both with built-in closets), two full baths, an open island kitchen, an independent laundry, and an L-balcony wrapping the corner from both reception rooms.

  • iPrivate elevator vestibule. Opens to this unit only.
  • iiTwo corner exposures. Floor-to-ceiling glass.
  • iiiOpen island kitchen. Flowing to the sala-comedor.
  • ivIndependent laundry. Off the utility path.
Living and dining with floor-to-ceiling glass on two exposures
03 · The Private Rooftop

Forty-one fully-equipped square meters, deeded for exclusive use — with a direct barrel-to-tap draft beer install and an unobstructed western sunset.

Private rooftop bar with draft beer system and Mexico City skyline

The rooftop is exclusive-use deeded space — not a concession, not a shared amenity. The building's elevator opens at rooftop level onto two separate spaces: this unit's private 41 m² roof, and a common roof also served by the building. Guests can be received above without first passing through the residence. From the private roof, an unobstructed western exposure with no neighboring projects on the medium-term skyline means every sunset belongs to this unit.

Fully equipped: a built-in pergola, a barbecue station, and a direct barrel-to-tap draft beer install. Acapulco chairs, chaise lounges, an outdoor dining table, dartboard, yoga mats — furnished as a daily-use extension of the home, not a balcony with potted plants.

  • iDeeded exclusive use. Recorded in title — not a license.
  • iiBuilt-in pergola, bar & BBQ. Outdoor entertaining infrastructure.
  • iiiDirect draft beer tap. Plumbed barrel-to-glass.
  • ivUnobstructed western views. No medium-term projects in the way.
04 · Floor Plans

Two bedrooms organised around a private elevator vestibule on the fifth level, beneath an exclusive-use rooftop of forty-one fully-equipped square meters.

i.

The Residence

LEVEL 5 · 65 m² INTERIOR + 11 m² BALCONY

N Bedroom 1 PRIMARY · EN-SUITE Bath Laundry Bath Bedroom 2 Private Lift & Vestibule Living · Dining OPEN PLAN Kitchen ISLAND L-Balcony FLOOR-TO-CEILING · DUAL EXPOSURE 1 m PARTY WALL
ii.

The Private Rooftop

LEVEL 6 · 41 m² DEEDED · WEST-FACING

N SUNSET W CITY E Lounge SOFA · ACAPULCOS Dining TABLE FOR 4 Yoga MATS · SUNRISE Bar BBQ LIFT ARRIVAL SOLAR HEATERS Sunset Terrace UNOBSTRUCTED DRAFT TAP BARREL TO GLASS PERGOLA 1 m

Schematic representation · technical CAD drawings included in the due-diligence package.

05 · The Building

A boutique corner building of eight residences with a concierge, secure access, and short-term rental expressly permitted in the bylaws.

Tonalá 203 sits on a corner lot with two street exposures. Eight units total — boutique scale, residential-feel, no high-density flow. New construction delivered September 2022, meaning systems, finishes, and common areas are still well within their first cycle.

The reglamento (HOA bylaws) explicitly permits short-term rental — a critical point. Most newer Roma buildings have begun restricting Airbnb. Tonalá 203 has not, and there is verifiable operating history under the current regime.

  • iEight residences total. Boutique scale, low density.
  • iiConcierge 8 AM – 8 PM. CCTV, 24/7 digital access.
  • iiiElevator to rooftop level. Direct vertical access throughout.
  • ivTwo common water tanks. Reliable supply, no service issues.
  • vGround-floor Oxxo 24/7. Convenience, ATM, parcel delivery.
  • viSTR expressly permitted. Short-term rental in bylaws.
  • viiPet-friendly building. No restrictive house rules.

Carrying costs

Line itemAmount
HOA · monthly $3,400
Predial (property tax) · annual $1,500
Mortgage / encumbrances None
HOA fees in arrears None

A note on parking. Tonalá 203 has no dedicated parking or storage — the building's principal trade-off, and the right one for this neighborhood. Roma Sur is walkable end-to-end; the rare guest who arrives by car uses one of two monthly garages within two blocks at approximately $1,500/month.

06 · Location

Tonalá is the anchor street that stitches Roma Norte to Roma Sur — Michelin-listed restaurants, specialty coffee, and parks within five minutes' walk.

The neighborhood is Mexico City's most concentrated cultural and culinary district, and Tonalá runs through its center. Within walking distance: Contramar, Máximo Bistrot, Rosetta, Em, Lardo, the Mercado de Medellín, independent cinemas, dozens of specialty coffee bars, mezcalerías, and the green expanse of Parque México.

Walking distance

  • Mercado de Medellín 5 min
  • Cine Tonalá 2 min
  • Contramar 8 min
  • Rosetta · Panadería 7 min
  • Parque México 10 min
  • Álvaro Obregón 6 min
  • Mezcalería La Clandestina 5 min
  • Tianguis Cuauhtémoc 3 min

Connectivity

  • Insurgentes Metrobús 4 min
  • Metro Insurgentes 5 min
  • Polanco 15 min car
  • Reforma corridor 10 min car
  • Centro Histórico 15 min car
  • AICM Airport 25 min car
  • Estadio Azteca · FIFA 2026 35 min car
07 · Operating Performance

Verified income, fiscally registered, with a hospitality track record in the top 5% of Airbnb listings worldwide.

4.93
Guest Favorite · Top 5% globally Perfect 5.0 scores across cleanliness, communication, check-in, and location.

Guest reviews vs. industry median

CategoryThis unitIndustry median
Cleanliness5.04.7
Communication5.04.8
Check-in5.04.8
Location5.04.7
Accuracy4.94.8
Value for money4.84.6
Overall4.934.74

Stabilized operating metrics

ADR USD $168 Gross average nightly rate
Occupancy 70 % Stabilized average
Gross / Month $60,000 Stabilized average
Net NOI / Month $40,000 After operating costs
NOI · Annual $480,000 Stabilized
Net-over-gross ≈ 67 % Top quartile efficiency
Confirmed Bookings

FIFA World Cup 2026

For June 2026 — Mexico's co-host month — the unit has confirmed bookings of approximately $110,000 gross, with net at approximately $75,000. Not modeled as recurring revenue; a single month's contribution nearly equal to two months of stabilized NOI, demonstrating the unit's pricing ceiling under premium demand.

08 · Investment Thesis

Two ways the unit underwrites — as a yield-bearing instrument, or as a lifestyle residence with optional income.

Profile A

The income investor

Acquire a stabilized, fiscally compliant short-term rental with verifiable performance, low carrying costs, and several un-pulled levers — dynamic pricing software, refreshed photography, title repositioning, experience upsells. Expected total return of 10–13% per annum blending cash yield with capital appreciation.

Cap rateImplied value
5.5% · Premium lifestyle$8.73 M
6.0% · Market median$8.00 M
6.5% · Conservative$7.38 M
  • Dynamic pricing: estimated +8–15% revenue
  • Title and listing optimization
  • Roof experiences upsell — verified margin
  • Photography refresh: estimated +10–15% ADR
Profile B

The lifestyle owner

A primary or pied-à-terre in the most-walked corner of Mexico City — turnkey, with two-side exposure, a private rooftop, and the option to monetize selectively when traveling. Carrying costs are negligible; the lifestyle is delivered on day one.

  • Indoor-outdoor living across 117 m²
  • No shared corridor — elevator opens to the unit
  • Light from two exposures, all day
  • Total monthly carrying cost under $3,800
  • Walk score effectively maxed
  • Optional income while away — bylaws permit it
09 · Market Position

In Roma Sur, penthouses with deeded private rooftops trade between $8.50 M and $13.22 M. Tonalá 203 enters at the accessible end of the cohort — and is the only one combining a verified Guest Favorite track record with a fully-equipped 41 m² rooftop and corner-glass dual exposure.

Comparable Interior + Exterior List price
PH 3R · Roma Sur (preventa) 129 + 152 m² $13.22 M
Huatabampo 30 (new construction) 117 + 90 m² $9.50 M
PH with jacuzzi · Roma Sur 93 + 45 m² $8.50 M
★ Tonalá 203 (this offering) 65 + 52 m² · 41 m² roof deeded Inquire

Tonalá 203 is the smartest entry into the cohort: same neighborhood, same architectural caliber — and the only unit combining a Guest Favorite operating record, a fully-equipped private rooftop with barrel-to-tap draft, and corner-glass dual exposure on a top floor. Roma Sur enjoys free, unrestricted street parking throughout, with several monthly garages available within two blocks at moderate rates. Pricing is communicated directly to qualified buyers.

11 · What's Included

A genuinely turnkey transfer — physical asset, operating apparatus, and complete diligence package.

Furniture & equipment

  • Full interior furnishing — beds, sofas, dining, storage
  • Island kitchen with appliances
  • Rooftop pergola, BBQ, direct barrel-to-tap draft system
  • Acapulco chairs, chaise lounges, outdoor dining
  • Linens, kitchenware, hospitality inventory

Operational package OPTIONAL

  • Listing transfer or co-host arrangement
  • Standard operating procedures manual
  • Vendor and cleaning contacts
  • Forward bookings calendar
  • 30–60 day advisory transition

Due diligence file

  • Escritura & lien certificate
  • Building bylaws (reglamento interno)
  • HOA receipts · twelve months
  • Predial receipts
  • Utility accounts
  • Airbnb monthly P&L
  • CFDIs & SAT filings
  • Inventory list
12 · Sale Terms

Standard Mexican notarial process. Out of the restricted zone — no fideicomiso required for foreign buyers.

Asking price Communicated directly to qualified buyers
Accepted payment Cash MXN · Mexican bank financing · international wire (FX accepted)
Closing process Mexican notary public · 30–60 days from accepted offer · buyer pays 4–6% closing costs (ISAI, notary fees, public registry, avalúo). Seller pays ISR and any selling commission.
Foreign buyers Tonalá 203 sits outside Mexico's restricted zone. No fideicomiso bank trust is required — title transfers directly to the foreign buyer, as with any Mexican national.
Due diligence Fifteen business days from accepted offer · 5% refundable earnest money held in escrow.
Documentation Complete legal, fiscal, and operational diligence file available upon executed NDA.
For Qualified Inquiries

Request the full memorandum, or arrange a private visit.

Direct WhatsApp · Response within 24 hours · NDA required for full diligence file