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Boutique - Condo Hotel Development Project (Teaser)

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A shovel-ready hotel development project in South Brazil’s most sought-after destinations and one of the country\\’s most wealthy areas.

A shovel-ready hotel development project in South Brazil’s most sought-after destinations and one of the country\\’s most wealthy areas.

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Boutique - Condo Hotel Development Project (Teaser) Boutique - Condo Hotel Development Project (Teaser) Presentation Transcript

  • Praia Mole Condo-Hotel Every now and again an extraordinary opportunity presents itself. Destined to be one of the most exclusive Condo-Hotels in the South of Brazil, this unique development opportunity is located in one of Brazils most spectacular beach front destinations. An upscale 75 luxury suites Condo-Hotel development in Florianopolis - South Brazil’s most sought-aer destination. e 75+ acre property Florianópolis, Brazil Florianópolis, Brazil offers direct access to Praia Mole, one of Brazil’s top beaches and breathtaking views to the Atlantic Ocean and the famous Conceiçao Lagoon.SOUTHERN VIEW PERSPECTIVE BEACH VIEW PERSPECTIVE Stunning Location PRAIA MOLE CONDO-HOTEL, FLORIANÓPOLIS, BRAZIL PRAIA MOLE CONDO-HOTEL, FLORIANÓPOLIS, BRAZILe fully approved architectural plans contemplate 75 exquisitely designed luxury apartments for private Florianopolis - South Brazil ownership. Owners will have access to all amenities and services provided by a hotel operator. Florianopolis, also known as the Magical Island, is the Apartments Key Points capital city of Santa Catarina State in southern Brazil and75 high-end apartments ranging from approximately 120 to ✓ New construction to add significant value to the property. one of the countrys most wealthy areas.140 square meter (1,200 to 1,400 sqr.ft.), offering 5 star ✓ Advanced architectural design. Florianopolis is blessed with a spectacular combination ofhotel-style services & amenities including restaurant, pool, ✓ In harmony with the context and topography of the site. natural beauty with 42 beaches surrounded by greenlounge, gym, spa, event space, cleaning, property ✓ Enhances the natural landscape. mountains, world-class nightlife, sophisticated dining,management and rental pool (optional).” ✓ Beautiful site with stunning views. exotic Brazilian culture, safety and a charming ambiance ✓ Setting a new standard for development on the island. that tends to enchant visitors from the moment they arrive.
  • FLORIANOPOLIS - ‘The Magical Island’ Attractive & Growing International Tourism Destination✓ e State capital experienced a 53% increase in the ✓ Significant public and private sector investment in recentnumber of annual domestic visitors from 2006-2010, and years, including opening of Brazil’s largest shopping centera 46% increase in the number of annual international brand (Iguatemi) and plans underway for construction of avisitors from 2006-2010 (source: SANTUR). new international airport;✓ Projected population growth: 409,000 (2010), 649,958 ✓Home to multiple universities, including one of South(2020), 756,251 (2030) source: IPUF, figures which do not America’s top research institutions;include the 300+% population spikes common during thesummer vacation season. ✓ Abundant natural beauty with strong focus on environmental conservation and a paradise for outdoor &✓ Strong existing demand from upscale South Americans adventure sports (many of which are prime in the ‘low’ season,coupled with significantly increasing international including surfing, kitesurfing, hiking & whale watching);visibility. ✓ Tremendous variety of dining and nightlife options (named✓ Known for Brazil’s best quality of life, not plagued by #1 nightlife destination in world by NY Times in 2009);urban ills of Brazil’s mega cities. ✓ Strong event culture as an important driver for year-round✓ State capital of one of Brazil’s wealthiest per capita occupancy:states means a strong public sector employment base. - Technology Conferences - Davis Cup Tennis✓ Rapidly growing technology sector now accounts for - NYE & Carnaval - Shows & Concerts - Corporate Retreatsmore revenue than the tourism industry; other important - Iron Man Brasil - Fashion Week - Weddings & Private Events -industries include public sector, civil construction, Industry Events (WTTC) - WCT Surf Toureducation, aquaculture, service and retail/small business. - Winter Play - Domestic Holiday Packages
  • FLORIANÓPOLIS POINTS OF INTEREST Brava Canasvieiras Ingleses Conceiçao Lagoon Jurerê 51. Hercílio Luz Bridge 62. Sofitel Hotel Costão do Santinho3. Historic City Center Lagoa da Conceiçâo Lagoon Sambaqui4. Iguatemi Mall Sto. Antônio de Lisboa5. Jurerê Internacional Moçambique6. Costão do Santinho Resort North Lagoa7. Galheta Nature Preserve Bay da Conceição8. Lagoa Town Center 1 2 Continent Centro 4 7 Galheta Location of Project Mole Beach9. WCT Pro Surf Tour 8 Praia Mole 310. International Airport Atlantic Ocean South 911. Ribeirão da Ilha Bay Joaquina12. Lagoinha do Leste Nature Preserve Campeche Aeroporto 10 Morro das Ribeirão Lagoa Pedras Praia Mole Beach da Ilha 11 do Peri Galheta Beach 12 Pântano N do Sul Galheta Nature Preserve PRAIA MOLE CONDO-HOTEL, FLORIANÓPOLIS, BRAZIL
  • Praia Mole Condo-Hotel Situated in the most privileged part of the island between Mole Beach and Conceiçao Lagoon, Praia Mole Condo-Hotel is an upscale development opportunity with the potential to become the most unique and exclusive Condo-Hotel in South Brazil. Located in the center of the most scenic area along the 53 km (33 miles) between the north and south part of the island, the Condo-Hoteloffers breathtaking views in all directions, a beautiful nature spread down to the Atlantic ocean, the Conceiçao lagoon, golden sandy beaches (Mole and Galheta). Florianópolis, Brazil Ocean View Main Pool MAIN POOL LOUNGE Mole Beach Condo -Hotel Florianópolis, Brazil UPPER POOL / LOUNGE PRAIA MOLE CONDO-HOTEL, FLORIANÓPOLIS, BRAZIL Lagoon View Upper Pool Galheta Beach Conceiçao Lagoon
  • Praia Mole Condo-Hotel The Area
  • Praia Mole Condo-Hotel The Area
  • Praia Mole Condo-Hotel The ViewsGalheta Beach View - North Mole Beach View - South Conceiçao lagoon View
  • PROJECT LAYOUT Project Layout Condo-Hotel Amenities & design features include ✓75 high-end Suites with ocean & lagoon views ✓ Ocean View Restaurant ✓ Reception Lounge & Event Facilities ✓ Direct Beach Access ✓ Hotel-Style Amenities & Rental Pool ✓ Pool Lounges and View Decks ✓ Ocean View Gym & Spa ✓ Underground Parking ✓ On-Site Staff Housing ✓ Stunning Nature Trails & Privacy
  • PROJECT Masterplan Project MASTERPLAN
  • LANDSCAPE VIEW OF PROJECT Landscape View of Project
  • Upper Level PERSPECTIVE UPPER LEVEL Perspective EXTERIOR PERSPECTIVE Exterior Perspective & Massage Deck & MASSAGE DECK Florianópolis, Brazil Florianópolis, Brazil PRAIA MOLE CONDO-HOTEL, FLORIANÓPOLIS, BRAZIL PRAIA MOLE CONDO-HOTEL, FLORIANÓPOLIS, BRAZIL Southern View SOUTHERN VIEW PERSPECTIVEBEACH VIEW PERSPECTIVEBeach View Perspective Perspective PRAIA MOLE CONDO-HOTEL, FLORIANÓPOLIS, BRAZIL
  • MAIN ENTRANCE UPPER POOL / LOUNGE Main Entrance Upper pool / lounge Florianópolis, Brazil MOLE CONDO-HOTEL, FLORIANÓPOLIS, BRAZIL Florianópolis, Brazil PRAIA PRAIA MOLE CONDO-HOTEL, FLORIANÓPOLIS, BRAZIL RESTAURANT DECK /Deck / LOUNGE Restaurant LOWERMAIN POOL LOUNGE Main Pool Lounge Lower Lounge
  • Florianópolis, Brazil Florianópolis, Brazil Architectural Design75 high-end condo units, ranging from approximately 1,200-1,400 sqare feet, Each of the 75 condo units feature head-on water views.offering hotel-style the 75 Suites feature head-on water views. Each of services & amenities including restaurant, pool, lounge, gym, Optional furniture & interior design package could be offered separately Optional furniture & interior design package could be offered separatelyspa, event space, cleaning, property management and rental pool (optional). and and made mandatory for inclusion in the condo-hotel rental pool. made mandatory for inclusion in the condo-hotel rental pool.Note: interior design imagery merely illustrative. Note: interior design imagery merely illustrative. PRAIA MOLE CONDO-HOTEL, FLORIANÓPOLIS, BRAZIL PRAIA MOLE CONDO-HOTEL, FLORIANÓPOLIS, BRAZIL Architectural Design: Marchetti + Bonetti Arquitetos Associados Florianópolis, Brazil Marchetti + Bonetti has been a leader in the field of contemporary architecture and interior design in southern Brazil for over 15 years. e firm is responsible for some of the most highly-regarded projects in Florianópolis, including the Sofitel Hotel in downtown Florianópolis and P12 Beach Lounge in Jurerê International, and has received numerous design prizes for its work. In 2003 it became the first firm in the region to gain ISO 9001/2000 certification.
  • Project Valuation Best-in-class local development team:✓ Property (fee simple title): ............................. 305,423 m² (75.5 acres / 30.5 hectares) Hotel Operations Consultant – Jones Lang LaSalle, São Paulo: Manuela Gorni, Senior Vice President✓ Approved & Permitted Buildable Area: ....... 14,174 m² / 152,567 sqf Envinromental Consultant – Ambiens Consultoria, Florianópolis:✓ Package of Land + Entitlements: ................... $ 8.5 Million USD Emerilson Gil Emerim, Director Electrical Engineer– Lippel Engenharia, Florianópolis:✓ Projected Construction Costs: ....................... $ 12.5 Million USD* Carlos Eduardo Lippel, Engineer * Excluding FF&E for Suites, which could be offered unfurnished or with an optional furnishing and interior design package to buyers for inclusion inCondo-Hotel Rental Pool. It’s ‘estimated’ a total of $ 15 Million USD FF&E included. Structural Engineer, Orofino Engenharia, Florianópolis: Miguel Orofino, Engineer✓ Equity IRR of 40.0% Air Conditioning Consultant – Cherem Engenharia, Florianópolis: Ricardo Cherem, Engineer✓Architectural plans fully approved: (Pro. n°40.934/2009) aer lengthy & rigourous approval process Waste Treatment Engineer – Rotaria do Brasil, Florianópolis: Max Demonti, Engineer✓Environmental license granted: (URB/11781/CRF LAP n°6018/2011) October 2011 Drainage Consultant, Dos Santos Dreinagem, Florianópolis: João Júlio dos Santos, Engineer✓Property currently under contract, to be delivered in fee simple upon closing together with plans & entitlements Foundations and Leveling – Surface Engenharia, Porto Alegre: Jarbas Rauber, Director Key Project Attributes Hydraulic & Sanitation – Hoff Engenharia, Florianópolis: Alisson Hoffmann, Engineer Low equity outlay required during construction due to significant self-funding from condo sales Landscaping & Pool Design – Jardins e Afins, Florianópolis: Juliana Castro, Architect✓Conservatively forecasted condo sales trajectory implies that the project will be largely self- funded aer year 1. As anadded benefit, year 1 construction costs are significantly lower than those in year 2, when costs are rise proportionately due Design & Concept Consultant, Floripa Vacation Homes, New York:to higher costs of finishing. Tatiana S. Marques, Designer Insulation & Air Flow Consultant, UFSC, Florianópolis:✓ More specifically, it’s projected that only $2 Million (or 16%) of the $12.5 Million USD total construction cost will be Professor Fernando Ruttkay, PhDrequired as out of pocket cash outlay by developer taking into account a moderate level of pre-sales (18 out of 75 units, or24%, over the first full year of construction and any pre-sales during the period leading up to breaking ground on Legal Matters, Silva Neto Advogados, Florianópolis: Orlando Silva Neto, Partnerconstruction). Kitchen & Laundry Consultant, Vianna Desenhos, São Paulo:✓ Result is a high value project with attractive returns and low out of pocket capital requirement. Eduardo Vianna, Architect
  • Comps: per unit condo sales price well below competitor averages Our $BR 900,000 ($ 450,000 USD) / unit sales price ($BR 7,500/M²) is nearly 38% below most closely comparable competitive product in the region, which we believe represents inferior quality in less desirable and unique locations. As such, we also believe the projected sales figures to be overly conservative, however still resulting in a 40% IRR for the project." Condo-Hotel Forecasted Sales Prices Relative to Competitors: Project Unit Type Square Meter Square Feet Price $BR Price USD $BR / M² USD / M² USD / sqr.Villa do Cedro 1 bedroom 84 904 1,114,360 557,180 13,266 6,633 616.35Villa do Cedro 2 bedroom 130 1,400 1,574,880 787,440 12,114 6,057 562.46Txai Ganchos std bungalow 76 818 934,800 467,400 12,300 6,150 571.39Txai Ganchos large bungalow 127 1,367 1,562,000 781,000 12,299 6,150 571.32IL Campanario studio 40 430 511,550 255,775 12,789 6,394 594.83IL Campanario suite 60 645 714,374 357,187 11,906 5,953 553.78IL Campanario classic top 132 1420 1,476,000 738,000 11,182 5,591 519.72 Condo-Hotel Forecasted 120 1,291 900,000 450,000 7,500 3,750 348.57 Figures Percent below average price: 37.7%
  • Florianópolis, Brazil PRAIA MOLE CONDO-HOTEL, FLORIANÓPOLIS, BRAZIL Florianópolis, Brazil PRAIA MOLE CONDO-HOTEL, FLORIANÓPOLIS, BRAZIL
  • Florianópolis, Brazil PRAIA MOLE CONDO-HOTEL, FLORIANÓPOLIS, BRAZILPRAIA MOLE CONDO-HOTEL, FLORIANÓPOLIS, BRAZIL
  • FLORIANOPOLIS - Santa Catarina STATE CAPITAL OF SANTA CATARINA One of Brazil’s wealthiest per capita states, Florianopolis has a strong public sector employment base. TOURISM SIGNIFICANT TO LOCAL ECONOMY Two new high-end hotels opened in the last years, including Sofitel, the first and only multi-national hotel FLORIANOPOLIS INTL. AIRPORT in Florianopolis.Florianopolis - Hercilio Luz International Airport MULTI UPSCALE DEVELOPMENTS UNDERranks as the country’s 14th in traffic and it is on the CONSTRUCTIONlist of those that receive more charter flights duringthe summer. Florianopolis International Airport Including high-end Condo, residential & commercialnew passenger terminal will have 35,817m² and the office.capacity to service 2.7 million passengers annually. MULTIPLE COLLEGES & UNIVERSITIES Santa Catarina Federal University (UFSC): One of the leading Latin-American research universities, with over 33,000 students and 1,500 professors. Getulio Vargas Foudation: One of Brazil’s most prestigious Graduate Schools of Business EXCELLENT INFRASTRUCTURE Florianopolis consistently voted safest and highest quality of life city in Brazil by domestic media, boasting year round pleasant weather and an absence of the huge income gap between ultra rich and ultra poor that characterize many major Brazilian cities.
  • Brazil has become the most attractive Latin American Hotel investment marketIn Brazil, real estate represents a great investment opportunity. As the country and its people continue to grow wealthier, the demand for new propertieswill continue to rise and the property boom in Brazil looks set to continue into the foreseeable future. Brazil’s hospitality sector offers a lot of prospects forthose keen to put their money into real estate, it has been revealed, which leads us to believe that the Brazilian property market represents an excellentinvestment vehicle. Based on figures from the Ministry of Tourism, Brazil accommodated approximately 5.1 million foreign tourists in 2010, which represents a 6.3% increase on 2009 levels, and is 2% higher than in 2008 and 2007. It is expected that these figures will rise significantly further with the World Cup and Olympics to be held in Brazil in the coming years.• e performance increases of Brazilian hotels outpaced the country’s GDP growth during 2010, highlighting the significant recoveryin the sector. e hotel market today is very healthy and demand levels are rising more quickly than supply in a number of cities. Additional information:• FOHB reports indicate that in the first half of 2011, RevPAR of hotels represented by FOHB increased approximately 32.5% over thesame period in 2010.• Jones Lang LaSalle Hotels, acting as asset manager for 15 hotels in various markets across Brazil, has observed a double-digit growthtrend, both in RevPAR as well as food and beverage revenues in relation to 2010.• A study prepared by Jones Lang LaSalle Hotels found that there are currently 198 hotel projects in construction or in an advancedstage of planning that will be affiliated with the main hotel chains present in Brazil. ese development projects encompass 30,451rooms and are largely concentrated in the economy and mid-scale segments.• e number of rooms in construction and in advanced stages of planning for the next three years represents an increase of only 6.8%of total existing rooms in the country. Rafael Molon• Increases in occupancy and average daily rates, driven by solid growth in the country’s economy, together with limited supplyincreases, are setting the stage for significant improvement in Brazilian hotels’ performance over the next three years.  rafael@sevenseasintl.com.br• Host Hotels and Resorts’ entrance into the Brazilian hotel market through the acquisition of the JW Marriott Rio de Janeiro in late Mobile: +55 (73) 9109.68562010 was a headline move that caught the attention of the international hotel investment community. Skype: rafael7seas• It’s expected that additional international investors will enter the market in 2012 and beyond. Brazil