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Sales presentation of the C Sales presentation of the C Presentation Transcript

  • What is Cubitá?• Cubita is a residential/hotel project inspired by the traditions andarchitecture of Panama’s Azuero Peninsula. It is being developed inthe city of Chitre, the region’s most vibrant community.The project features: • Residential Area with 90 houses and apartments (condominiums). • Hotel Cubitá, a 100-room Wyndham Grand Hotel. • Shopping Center with 16 commercial spaces and one corner lot. • Situated on 5 hectares of meticulously landscaped, prime real estate. •Valued at USD 22 million, the project is being financed with local capital and through bank financing with Banesco.
  • Why Cubitá?• Cubitá is a unique concept. • Cubitá Club (Facilities).• Chitré: the best city to live • Construction alreadyand invest in. underway.• Privileged location. • Recurring income from Property Rental Program.• Affiliation to the WyndhamGrand Collection. • Excellent capital appreciation potential.
  • A Unique Concept:How did Cubitá come about?• Cubitá is the name of a Pre-Columbian group that inhabited the areaalong the La Villa river.• We have chosen the name Cubitá to capture the spirit of the Azueroregion… for many the region with the greatest cultural heritage in Panama.• The Cubitá logo was adopted from the design found on a vase made bythe Cubitá people.
  • T h e A r c h i t e c t u r e o f C u b i t á. • Cubitá is inspired by the colonial architecture of the Azuero region of Panama. • Materials characteristic of the region have also been incorporated, including clay, stone and wood.
  • Arial View Of The Property
  • S i n g l e F a m i l y R e s i d e n c e s. Tonosí Model. Hatillo Model. Cubita’s residential area will include two styles of single-family residences: •The Hatillo model, with 159.26 m²/ 1714 f² and •The Tonosí model, with 231 m² 2487 f² For your privacy and comfort, both models will be situated on ample lots of approximately 600 m² / 6458 f²
  • T o n o s í M o d e l. Tonosí Internal Patio Tonosí Living room
  • Tonosí Master Bedroom
  • Tonosí Floor Plans• 3 bedrooms with bathrooms.• 1 maid’s bedroom with bathroom.• 1 guest bathroom.• 2 parking spaces.• Internal Courtyard.• Family room.• Living room.• Dining room.• Lobby.• Studio room.• Kitchen.• Terrace• Laundry room.
  • Hatillo Model • 1 main bedroom with bathroom. • 2 bedrooms sharing a bathroom. • 1 Guest bathroom. • Family room. • Living room. • Dining room. • Kitchen. • Lobby. •Terraza. • 2 parking spaces. • Laundry room.
  • Condominiums• Comfortable and stylish two and three-bedroom apartments offer residents and investors the best in care-free living.• Apartments will range in size from 84.5 to 111.7 m² / 909 to1202f²
  • CondominiumsLiving room Dining room
  • Condominiums Bedroom Kitchen-dining room
  • Condominium Floor Plans Lower floor
  • First floor
  • Second and third floor
  • Official announcement of the agreement with Wyndham Grand Collection in Panama’s foremost newspaper, La Prensa
  • Cubitá Wyndham Grand Hotel• The Cubitá Wyndham Grand Resort will have 100 luxury rooms, a colonial courtyard and a chapel. In addition, the Hotel will also have a restaurant, two meeting rooms, a museum and a social area with pool, sauna, fitness center and spa.
  • Shopping Plaza• The convenience and variety available at the Cubitá shopping plaza will enhance the experience of Cubitá residents and hotel guests alike.
  • The Way That We Should LIVE
  • C h i t r é : The Best City to LIVE • Chitré was selected by the Gorgas Memorial Institute as “The Best City to Live” in Panama because of attributes such as: • Longevity • Quality of life • Low cost of living • Safety • Low crime • Access to hospitals • Access to major banks • Access to supermarkets and major stores • Proximity to excellent beaches (20 minutes from Los Santos and Guararé and 1 hour from Pedasí).
  • A blog post from an expatriate American citizen living in Chitré (ForbesMagazine):“As an American expat who has called Panama’s Azuero Peninsula home for the past 30years, I can attest to the amazing transformation the country is undergoing, not just inthe capital city, but in provincial cities such as Chitré, which offer discriminatingtravelers all of the amenities of urban living while retaining the laid-back atmosphereand easy charm that Panama City’s “capitalinos” come running back for every chancethey can get. Pristine beaches, dozens of colorful fairs and festivals and upscaledevelopments such as the prestigious Cubitá Wyndham Grand Hotel and residentialdevelopment are just a few of the reasons why travelers tired of the beaten path shouldinclude the Azuero Peninsula in their itinerary and come experience the gracioushospitality of Panama’s provinces for themselves.” (Rebecca Wentzel)
  • C h i t r é : The Best City To INVEST • Chitré is one of the cities with the greatest growth perspectives in Panama; in the last 3 years the largest and most recognized retailers in Panama have extended their offering to this market. • Expansion of the National Highway between Divisa and Las Tablas has helped attract investors to the region; the project is expected to be completed in 2013.
  • L o c a t i o n : Chitré is centrally located in Panama• Panama: #1 on the New York • 1 hour from PedasíTime’s list of “45 Places to Go” • 1 hour and 15 minutes from the Rio• 15 minutes from the beaches Hato International Airport• 25 minutes from Las Tablas.
  • Affiliation to the Wyndham Grand Collection • Cubitá has signed an agreement with the prestigious Wyndham Grand Collection international chain of resorts. • Wyndham is the largest hotel group in the world with more than 7,200 hotels. • The Wyndham hotels in Panama City offer a total of 371 rooms; new constructions planned for 2013 will bring the total to 1,099 rooms.
  • Cubitá Club: Benefits and Activities• Gated community with 24 hour security.• Enjoy exclusive free membership in theCubitá Club: • Host a get-together or just lounge around in the Social Area of the Cubitá Wyndham Grand Resort. • Cool your heels in the pool • Restore and relax with the10% discount in the Spa • Experience the health benefits of the Sauna • Tempt your tastebuds with the10% discount in the Restaurant • Work out in the Gym • Explore the Museum • Enjoy some quiet time in the Colonial Chapel
  • Enjoy the many other activities available inChitre and Azuero•Expand your culture at the more than 40 festivals andfolklore events held annually in the Azuero Region. •Improve your swing at Chitre’s 9-hole Golf Course, only minutes away from Cubitá. • Join the enthusiastic crowds in the new Baseball Stadium as they cheer on their 5-time national champions. • Take a leisurely Horseback Ride. • Try you hand at Surfing, Fishing and Snorkeling inPedasí.
  • Property Administration Program (PAP)We offer a property management program where your property generatesan income when you are not there.• Distribution: 60% to the owner and 40% to the hotel. The Hotelprovides: • Maid service • Hotel amenities (sheets, pillows, shampoo, soap, etc.) • Check in and Check out • Property inspection and maintenance • Marketing• Properties under the PAP must purchase the furnishings and appliancepackage in order to ensure the same standard offered to guests of theCubitá Wyndham Grand Resort.
  • Excellent Investment Potential• Appreciation potential: • The properties are estimated to increase 17% in value by the time the project is completed. • EXCLUSIVITY: There are only 26 houses and 64 apartments. Currently, this is the only project in Azuero that will offer the standards of luxury of a WYNDHAM GRAND RESORT. • Your Property will generate an income from the rental pool.
  • Investment Scenario #1 – Hotel Rental Pool (yearly) Scenario 1: Scenario 2: Assumptions With Mortgage No Mortgage Value of the apartment (fully equipped) $ 142,000 $ 142,000 Daily rental rate $ 150 $ 150 Occupation percentage 38.0% 38.0% Annual inflows for Owner $ 12,483 $ 12,483 Annual outflows ** $ 9,684 $ 2,340 Net Annual inflows $ 2,799 $ 10,143 Return on investment (yearly ***) 20% 11%* The estimated projections represent only an example scenario and in no way represent a commitment fromINMOBILIARIA CUBITA, S.A. of providing a return on investment to the owner.** Outflows include: mortgage payments (for Scenario 1), maintenance fees, and electricity. Mortgagepayment for Scenario 1 assumes 70% financing on the value of the apartment and a 6.25% mortgage rate.*** 10-year Return on investment percentage includes profit earned on 2.5% price increase per year.
  • Investment Scenario #2 – Rent the Property Yourself Scenario 1: Scenario 2: Assumptions With Mortgage No MortgageValue of the apartment (fully equipped) B/. 142,000 B/. 142,000Monthly rental rate B/. 900 B/. 900Annual inflows for Owner B/. 10,800 B/. 10,800Annual outflows ** B/. 9,684 B/. 2,340Net Annual inflows B/. 1,116 B/. 8,460Return on investment (yearly ***) 13% 10%•The estimated projections represent only an example scenario and in no way represent a commitment fromINMOBILIARIA CUBITA, S.A. of providing a return on investment to the owner.** Outflows include: mortgage payments (for Scenario 1), maintenance fees, and electricity. Mortgagepayment for Scenario 1 assumes 70% financing on the value of the apartment and a 6.25% mortgage rate.*** 10-year Return on investment percentage includes profit earned on 2.5% price increase per year.
  • Occupation Statistics• Panama received 16% more tourists in 2011 than 2010; experts expectthe upward trend to continue in 2012.• The province of Herrera (where Chitre is located) has the third highestoccupation in the country * after the provinces of Panama and Cocle.• We expect that the historical 39% occupation obtained by the provincein the past years will be exceeded due to the following advantages: • Increased marketing by the Government on the cultural aspects and folkloric festivities of Azuero. • Increased traffic and accesibility due to the road expansion. • Increased commercial activity. * Statistics from the Authority of Tourism of Panama (ATP).
  • Who will Occupy Your UnitShould you choose to take advantage of the rental pool, these will be yourlikely tenants: • Being the addition of the Wyndham Grand brand Chitre will attract a higher class of clientele which previously did not consider Chitre as an option. • A tourist package option for Pedasi travelers. • The Government is promoting Panama as a wedding destination, and Cubita will be one of only a few hotels in the country with a chapel. • Cubita will also attract corporate events that will choose us due to the cultural aspects and concept of the hotel. • With the only offering of luxury apartments in Chitre, Cubita will attract young families and corporate executives.
  • Terms of Purchase• $3,000 down on apartments / $5,000 down on houses.• Complete 10% of purchase price upon signing contract.• Complete 20% of purchase price 30 days after signing contract.• Financing available from major banks.Cash purchase incentive• If you pay 100% cash for your unit , you will receive an automaticdiscount of 5% off the value of the property.
  • Construction Already Underway: Estimated Completion Dates:• Hotel: July 2013 • Houses: June 2013• Shopping Center: June 2013 • Condominiums: June 2013
  • Thank You