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Investment Memorandum · Confidential

Roma PH

Tonalá 203 · Roma Sur · Mexico City

A turnkey boutique penthouse — private rooftop, Guest Favorite track record, verified income.

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

Deeded square meters, a hospitality reputation, documented income, and clean title — in a single asset.

Interior 64.23 m² Habitable, deeded
Balcony 10.44 m² L-shaped, dual exposure
Private Rooftop 42 m² Deeded · fully equipped
Total Exclusive 117 m² Usable area
Guest Rating 4.94 ★ Guest Favorite tier
Host Status Superhost Guest Favorite tier
Gross / Month $60,900 Stabilized hybrid
Net NOI / Month $45,000 Stabilized · fully compliant
02 · The Asset

A top-floor corner penthouse — the only unit on its level, in a boutique eight-home building delivered new in 2022.

The only residence on its floor: no shared corridor, no neighbors alongside. Corner glass on two sides pulls light through every room, over hard finishes throughout — porcelain, stone, wood, no carpet.

Two 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.

  • iSole unit on its floor. Elevator to the unit and the rooftop.
  • iiTwo corner exposures. Floor-to-ceiling glass.
  • iiiOpen island kitchen. Flowing to the sala-comedor.
  • ivIndependent laundry. Off the utility path.
Open island kitchen flowing into dining and sala-comedor, with leather sofa and green accent wall
Floor plan of the Tonalá 203 apartment — 64 m² interior plus 10 m² balcony: two bedrooms, two baths, open living-dining-kitchen and a continuous balcony
03 · The Private Rooftop

Forty-two fully-equipped square meters, deeded for exclusive use — draft beer on tap, and an unobstructed western sunset.

Private rooftop bar with draft beer system and Mexico City skyline

Exclusive-use deeded space, recorded in title — not a shared amenity. The elevator reaches both the unit and the rooftop level, where the western exposure is unobstructed: every sunset belongs to this home.

Fully equipped — built-in pergola, asador, and a barrel-to-tap draft beer line, with Acapulco chairs, chaise lounges and an outdoor dining table. A daily 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.
Private rooftop in daytime — pergola, concrete bar with barrel-to-tap draft beer, dartboard, dining table and skyline view
Rooftop terrace plan of Tonalá 203 — 42 m² deeded exclusive use: covered pergola lounge, full-length bar with draft beer tap, BBQ asador and private access to the common roof
04 · The Building

Eight residences, secure access — and short-term rental expressly written into the bylaws.

A corner lot with two street exposures and just eight homes — boutique scale, low density, delivered new in September 2022.

Crucially, the bylaws expressly permit short-term rental, where most newer Roma buildings now restrict it — with verifiable operating history to match.

  • iEight residences total. Boutique scale, low density.
  • iiSecure access & video intercom. CCTV, 24/7 digital entry.
  • iiiElevator to unit & rooftop. Plus a common stair to the azotea.
  • 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.
Corner exterior of Tonalá 203 — dark brick façade, address numerals, residential balconies above

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. No dedicated parking — the building's one trade-off, and the right one here. Roma Sur is walkable end-to-end, with monthly garages two blocks away at roughly MXN $1,800–2,500/month.

05 · Location

Tonalá stitches Roma Norte to Roma Sur — Michelin-listed tables, specialty coffee, and parks within a five-minute walk.

Mexico City's most concentrated culinary district runs right past the door: Contramar, Máximo Bistrot, Rosetta, Lardo, the Mercado de Medellín, and Parque México all within a short walk.

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
06 · Operating Performance

Verified, fiscally-registered income, with a hospitality record in the top 10% of Airbnb listings worldwide.

4.94
Guest Favorite · Top 10% globally Perfect 5.0s in cleanliness, communication, check-in, and location — against a 4.74 platform median.

Stabilized operating metrics

ADR USD $178 2026 forward booked calendar
Occupancy 81.9 % 2026 forward calendar
RevPAR uplift +67 % vs. first year of operation
Gross · Annual $730,700 Stabilized hybrid
NOI · Annual $540,000 Fully compliant basis
Net-over-gross ≈ 74 % Top-quartile efficiency
Confirmed Bookings

FIFA World Cup 2026

For June 2026 — Mexico's co-host month — the unit holds confirmed bookings near $110,000 gross (≈ $75,000 net). One month approaching two months of stabilized NOI — not modeled as recurring, but a clear marker of the pricing ceiling under peak demand.

07 · 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

A stabilized, fiscally compliant short-term rental with verifiable numbers, low carrying costs, and several un-pulled levers. The return blends a peso cash yield with MXN appreciation — underwritten entirely within the rules: 183 premium nights plus furnished mid-term leasing for the balance.

  • 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, dual-exposure, private rooftop, with the option to monetize selectively when away. Negligible carrying costs; the lifestyle is delivered on day one.

  • Indoor-outdoor living across 117 m²
  • Sole unit on its floor — no shared corridor
  • Light from two exposures, all day
  • Total monthly carrying cost under $3,800
  • Walk score effectively maxed
  • Optional income while away — bylaws permit it
08 · 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 — the only one pairing a verified Guest Favorite record with a fully-equipped 42 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) 64 + 52 m² · 42 m² roof deeded Inquire

Same neighborhood, same architectural caliber — and the only unit pairing a Guest Favorite operating record, a draft-equipped private rooftop, and corner-glass dual exposure on a top floor. Pricing is communicated directly to qualified buyers.

10 · What's Included

A genuinely turnkey transfer: the asset, the operating apparatus, and a complete diligence file.

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
11 · 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.

— or —

Personally monitored · Response within 24 hours · NDA required for full diligence file