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Ailanto Complete Executive Summary 5 M
 

Ailanto Complete Executive Summary 5 M

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Attention Lenders, we need money but we don\'t pay up front fees

Attention Lenders, we need money but we don\'t pay up front fees

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    Ailanto Complete Executive Summary 5 M Ailanto Complete Executive Summary 5 M Document Transcript

    • Spa Nurture the Body, Indulge the Mind 5 Million Executive Summary
    • Ailanto is located in Fortuna de Bagaces, about 50 kilometers from the Liberia International Airport, (45 Minutes by car) right at the foothills of the inactive Miravalles Volcano. Although on a clear day the ocean can be seen from Ailanto, the nearest beach is located around 1 hour away by car but just minutes by helicopter. Bagaces is known as the “Cradle of Ecology” and we have taken advantage of such a wonderful location to create The Ailanto Recreation Area within the Miravalles Volcano protected area, a National Preserve. The Ailanto Recreation Area includes the Wellness Resort and Spa, a 33 hectare private gated community with Private Residences, Condominiums, a 120 suite hotel, the 30 hectare Adventure camp is for the eco-tourists where they enjoy a canopy tour and hike all the way up to the Volcano crater or simply ride our horses for a wonderful experience. The 25 hectare Activity Center adds to our package offering a close and personal view of the Miravalles Volcano with its walking tour, where the thumping heart of this wondrous work of nature can be heard, enjoy the mud baths or simply see the earth boiling and rocks melting in front of your eyes. Complement this experience with a hike to the waterfalls, across beautiful natural trails and hanging bridges. Ailanto is a green development, with much care being taken to respect and only disturb what is absolutely necessary to build our wonderful retreat. Ailanto uses less than 16% of its land area for building.
    • Ailanto is a resort spa designed to help accomplish the total wellness of Body, Mind and Soul. Ailanto Wellness Resort and Spa is more than just a destination. It’s an experience that can impact quality of life, from the arrival moment to long after the return home. Ailanto Wellness Resort and Spa is a place to learn, relax, enjoy and explore the potential for a happier, healthier, less stressful lifestyle. Ailanto Wellness Resort and Spa is a pilgrimage to healing the body and soul and learning to take care of the “Heavenly Body”. Time at Ailanto Wellness Resort and Spa is spent in many ways. Choose from a variety of classes, workshops and consultations, covering a variety of wellness concerns from diabetes to male menopause, from nutrition to cosmetic surgery. Tailor-made fitness workouts, meditation, reflection, relaxation, and self-pampering in our tranquil rainforest settings. There’s an experience to fit every lifestyle, vacation, health goals, beauty and the nurturing of both body and soul. In Ailanto Wellness Resort and Spa, we are a physical health partner as well as life counselors for a better tomorrow. We have chosen the ideal environment for an active lifestyle, a body and soul repair destination geared towards the enhancement of well-being.
    • We are in the paradise of a peaceful and quiet rainforest yet close to the beaches and the Eco activities that seem to be the magnet to the world. At Ailanto, it’s easy to stay active and keep in touch with nature. With cool nights, bright stars, and the serenity of the rainforest surrounding the luxury of Ailanto, what more could one ask for? Ailanto features some of the best accommodations ever. One can enjoy their stay in one of our homes, starting at 2200 square feet all the way up to nearly 5000 square feet featuring 4 to 5 separate lock-out suites. Our Condos begin at 818 square feet and feature a minimum of two lock-out suites. If one wishes to stay at our Tramonto Villas Hotel, they will find themselves nestled in an authentic Italian Village, with Baristas, Gelaterias, Forni, and much fun. For those looking to go beyond our massages, facials, and spa treatments, we can help the return of younger days through the expert hands of our cosmetic surgeons. For those have long desired that super smile, let our Cosmetic Dentist work their magic. Our project features a completely natural spa where the only music that one hears is that of Mother Nature. The ancient art of Yoga is practiced while perched 12 feet up on platforms between the magnificent Fichus trees that dot Ailanto. Guests in search of a more indigenous experience are encouraged to try our Temescales and let our Shaman chant them into the best healthy time of their lives. In keeping with our relaxed atmosphere, cars are parked at the entrance and are not permitted on site. Upon entrance, one must either walk or use our electric car transportation. Cell Phones and Smoking are not allowed in the public areas. We provide a complete tour package to our sister facilities including the Volcanic Activity Center, where one can enjoy a mud bath in the most unusual place in Costa Rica, and our adventure camp with zip lines, hiking paths, animals, horseback rides, and even a tour to the Volcano’s crater. Ailanto is a true Costa Rican experience, both revolutionary in concept and healing in nature.
    • Ailanto Wellness Resort and Spa is a way of life as well as an idyllic location. The purchase of Ailanto brings a sense of discovery, joy, curiosity and boundless energy. Wellness is the effect of living optimally, and it is an integral aspect of today’s most sought-after healthy lifestyle. Living well is rewarding and exciting, and at Ailanto, we recognize that being fully engaged with life requires an environment in which personal goals are set and met and ambitions are realized, a place where each day is a new experience and every tomorrow holds another adventure. Linking health and fitness with expansive, first-class fitness facilities and medical services, Ailanto is about to introduce to the world a progressive yet practical way to achieve lifelong health and well- being. Our unique approach designed to engage the mind, body and spirit toward vitality and health includes: Wellness training Menu of fitness classes Massage and spa services Personal care services cooking and nutrition Disease management Anti-aging Yoga and meditation Thermal waters Volcanic mud baths Cosmetic Surgery Cosmetic Dentistry Alternative Medicine We have tailor-made lifestyle programs and personalized solutions not only to improve health but also to enrich quality of life - not just for the moment or for a few years but for a lifetime.
    • Other amenities include: Amphitheater Gym and Body Training Center Tennis Courts Club House with full Conference facilities Theater Thermal waters Canopy Tours Hiking Trails Horseback riding Restaurants and Cafes Language Center, learn Spanish or teach English Juice and Wine Bars Temescales Saunas Hot, warm and cold Lagoons Lake stocked with Tilapia and Catfish A Rain Forest filled with Toucans, Monkeys, Iguanas and other exotic animals Gift Shops Convenience Store Spa and Recreational Clothing Store featuring Ailanto’s own brands Spa and Cosmetic shop Whether one is looking to enjoy a week, a month at Ailanto or make it their permanent home, they can rest assured that they have made the right decision because there is no place like Ailanto... anywhere.
    • For those who wish to make Ailanto their permanent home, we offer all the comforts of an upscale gated community. Guests can vacation and then lease their home for others to enjoy, using our Optional Rental Management program. In many instances the cost of ownership is totally covered by this revenue. For the investor who wants to buy and resell, now is the time. With our 2 bed / 2 bath Condos beginning at $136,000 or our Villas for under $120,000 one could not ask for a better deal. Our homes begin at $386,000 for a 4-bedroom 4-bath luxurious masterpiece. We have a Club House for community activities, an amphitheater for concerts and music, a Surgery and Medical Center to take care of your health needs, and a Spa Center that handles everything from massages to nails and hair. Throughout the project are thermal water lagoons, where one can bathe and enjoy a naturally medicinal experience. We have a gift shop, a convenience store, 24/7 security and a shopping area where you could purchase your spa and sports clothing, cosmetics, souvenirs, and local artisans. Our helicopters are available for you to use for your touring or transportation needs as well as our limos and busses. At Ailanto we have thought of everything that would help you Live Well.
    • Costa Rica enjoys three types of tourism and Ailanto aims at satisfying all of these segments. Health Tourism Health tourism is an old concept. People have been traveling from their home countries to other parts of the world for centuries in search of new personal medical treatments. The reasons for this form of tourism are as varied as the travelers. People choose Costa Rica medical services for two main reasons: high quality and reasonable prices. Rising healthcare costs in the United States and Canada have been the greatest boost to international health tourism, but are by no means the only factor driving this new industry. The main engine driving the new wellness revolution is the baby boomers, the population born between 1945 and 1964. One billion baby boomers turn 60 this year and are looking for effective strategies to stay healthy, young-looking, and more active. This population represents only 16% of the world population but controls 65% of its wealth and resources. Baby boomers are considering the higher quality and wider spectrum of health care services offered in Costa Rica and other Latin American destinations. Some important trends guarantee that the market for medical tourism will continue to expand in the years ahead. By 2015, the health of the vast Baby Boom generation will have begun its slow decline, and with more than 220 million Boomers in the United States, Canada, Europe, Australia and New Zealand, this represents a significant market for high-quality medical care. The primary goal of Ailanto is to address the physical, emotional and spiritual needs of international visitors. To establish balance and health, guests are encouraged to spend extended periods of time at the facilities. Some may visit for only a few days while others may choose their healing holidays to several weeks. When they are not busy undergoing treatments at the centers, they can join friends and family members to partake in the many social, cultural and sport activities available at the Resort. Activities at our health community or nearby include nature walks, tennis, swimming, fishing, horseback riding, hiking, cooking, painting, gardening, bird watching and sightseeing. Costa Rica is easily accessible by air from all parts of the world. It has an open health care system, well-equipped modern clinics and hospitals, and medical personnel trained in the finest international teaching centers. In 1995 the World Health Organization ranked Costa Rica amongst the top twenty medical systems in the world.
    • Conventional Tourism At 50,895 square kilometers, Costa Rica is the second-smallest Central American nation after El Salvador. While occupying only .06% of the planet’s land mass, it boasts 6% of the world’s biodiversity. At its narrowest point in the south, only 119 km separate the Caribbean from the Pacific. One can savor a leisurely breakfast on the Caribbean and take an ambling five-hour drive to the Pacific for dinner. At its broadest point, Costa Rica is a mere 280 km wide. Lying between 8 and 11 degrees north of the equator, Costa Rica sits wholly within the tropics; it boasts more than a dozen distinct climatic zones. Atop the highest mountains in cooler months, even ice and snow aren’t unknown. Costa Rica sits astride a jagged series of volcanoes and mountains, part of the great Andean-Sierra Madre chain, which runs the length of the western littoral of the Americas. From the Pacific coast of Costa Rica, great cones and domes dominate the landscape, and you’re usually in sight of volcanoes in the northern part of the country. Beaches are a major calling card of Costa Rica’s Pacific coast, which is deeply indented with bays, inlets and two large gulfs, the Golfo de Nicoya (in the north) and Golfo Dulce (in the south). Ailanto Recreation Area is located right at the foothills of the Miravalles Volcano surrounded by a 7500-acre protected area, with its own micro-climate; it enjoys warm days and cool nights. It is the ideal place for a relaxing and restoring vacation.
    • Eco-Tourism Eco-tourism, also known as ecological tourism, is a form of tourism which appeals to the ecologically and socially conscious. Generally speaking, Eco-tourism focuses on local culture, wilderness adventures, volunteering, personal growth, and learning new ways to live on the planet. Eco-tourism usually involves travel to destinations where flora, fauna, and cultural heritage are the primary attractions. Responsible Eco- tourism includes programs that minimize the negative aspects of conventional tourism on the environment, and enhance the cultural integrity of local people. In addition to enjoying the environmental and cultural aspects, an integral part of Eco- tourism is in the promotion of recycling, energy efficiency, water conservation, and creation of economic opportunities for the local communities. We adhere to the rules of Eco-tourism by: 1.Conserving the biological and cultural diversity through ecosystem protection 2.Promoting the sustainable use of biodiversity by providing jobs to local populations 3.Sharing of socio-economic benefits with local communities and indigenous people 4.Increasing the environmental & cultural knowledge 5.Minimizing the environmental impact of tourism 6.Featuring the local culture, flora and fauna as main attractions For many countries, Eco-tourism is not simply a marginal activity to finance protection of the environment but a major industry of the national economy. In Costa Rica Eco-tourism represents a significant portion of the gross domestic product and economic activity. It is estimated that there are more than five million Eco-tourists worldwide, with the majority of the Eco-tourist population coming from the United States, with others from Western Europe, Canada, and Australia. Costa Rica is a world-renowned Eco-tourism destination, with millions of tourists coming and continuing to come to enjoy this country’s bounty. 1% of Ailanto’s operating revenue has been earmarked for improvement of the local roads, village and services for the residents of Fortuna and Bagaces. Ailanto will establish a free training center to teach the English language to those who wish to learn and to train its workers in the Ailanto culture of service and customer satisfaction. In exchange, our residents teaching English can receive Spanish lessons so that they can also learn how to communicate with their neighbors.
    • Our marketing strategy is a three level plan. 1. Sales through Brokers and Agents 2. Trade shows and Seminars 3. Promotions and Bulk Sales Sales through Brokers and Agents To achieve this step, we have established an office in San Jose Costa Rica and have manned it with an experienced Sales Director. We have developed a full line of electronic and print media, brochures, flyers, CD’s and all supporting materials. Currently we have signed up quite a few offices of International Brokers, such as Century 21, Coldwell Banker, ReMax and more. We have presence in the USA, Canada, Colombia, England and Venezuela. Our commission structure is outstanding. Trade Shows and Seminars We have attended shows such as the NAR show in Las Vegas, Nevada, Resort Properties Shows in many countries, Expo and Investor shows. We present our Resort to either direct purchasers or investors and collect leads to share with our sales group. We are beginning a series of Seminars in conjunction with Robb and Stucky, our furniture manufacturer. These seminars are to be held in the Robb and Stucky Locations throughout the USA. We are also setting several seminars in Canada. Promotions and Bulk Sales We offer promotions to assist our sales group to sell our development. Our Fly and Buy Program encourages potential buyers and their agents to visit our site. We offer the most exciting Development Participation Program in the industry, where Realtors and investors actually share the profits of the development for their involvement in the sales of Ailanto Condos and Villas. Given its fantastic response we are studying expanding this concept to the sales of the homes. We have a Charitable Donation Program, where Charities are given lots for them to auction to their Donors. All proceeds are donated to the charity and we even match the bid price as an additional donation for the charity. The high bidder must then build a home on this land within two years of the purchase.
    • The front wall has been completed, the gates and guardhouse are being built now, and the roads are being cleaned. We have received full permits and approval of Setena, the environmental agency. The first home (Lot 9) is completed and opened as a Bed & Breakfast Reservations for new purchases are taken with a $10,000 refundable deposit wired directly to Chicago Title Costa Rica, where the deposit remains in Escrow for up to 60 days to give the buyer the opportunity to perform due diligence of the project and visit Costa Rica. Once the sales contract is signed, or the money goes hard, we will reimburse (up to $1,000) the expenses of the trip. Same for Realtors, we will reimburse their expenses (up to $500) if they accompany the client on the trip. All major and some charter airlines fly into either San Jose or Liberia Airports, flying from the United States, Canada and Europe. Service to Costa Rica is provided by United Airlines, Air Canada, American Airlines, US Airways, Frontier Airlines, Air Martinique, TACA, Delta Airlines, Spirit, Condor, and others. We are open for tours and enjoyment. Limited accommodations are available.
    • Hms o e Model Lot Size Lot Size Home Size Home Size Home Price Home Price Monthly Sq. Meters Sq. Feet Sq. Meters Sq. Feet Furnished Unfurnished HOA Siena 1000 10760 220 2367 $454,502 $386,327 $125.00 Firenze 1000 10760 250 2690 $516,480 $439,008 $125.00 Capri 5593 60181 300 3228 $619,776 $526,809 $250.00 Venezia 5000 53800 350 3766 $723,072 $614,611 $250.00 Bari 5800 62408 400 4304 $826,368 $702,412 $250.00 Padua 7600 81776 450 4842 $929,664 $790,214 $250.00 Cno iim odmu s n Condo Condo Price Price Monthly Model Size in Sq. Size in Meters Furnished Unfurnished HOA Sq. Feet 15.00% Vento 76 818 $157,320.00 $136,800.00 $100.00 Fuoco 118 1,270 $244,260.00 $212,400.00 $100.00 Terra 130 1,399 $269,100.00 $234,000.00 $100.00 Vita 171 1,840 $353,970.00 $307,800.00 $100.00 Bagatzi 376 4,043 $777,699.00 $676,260.00 $100.00 Hotel Villas Villa Size Price Model Villa Size in in Sq. Unfurnished Price Monthly Sq. Meters Feet Furnished HOA Sogno 56 603 $119,306.88 $137,202.91 $100.00 Cielo 70 753 $149,133.60 $171,503.64 $100.00 The prices listed above are but a small sample of what is possible with Ailanto. For a comprehensive list including prices for all of our units, please visit our website at www.AilantoResort.com. Prices subject to change.
    • Ailanto Financing Projections Spa plus Infrastructure Total Q1 Q2 Q3 Q4 Sales Assumptions (Condos) Condo Units sold per quarter 8 16 16 16 Cumulative units sold 8 16 32 48 Receipts Payments Scheduled $13,928,760 $2,321,460 $4,642,920 $4,642,920 2,321,460 Sales Cost 20.00% $2,785,752 $464,292 $928,584 $928,584 $464,292 Net Sales Proceeds $11,143,008 $1,857,168 $3,714,336 $3,714,336 1,857,168 Profit per Building (6 Buildings) $5,744,646 Use of Funds Equipment/Inventory $600,000 Construction, Base Building Cost $4,000,000 Operating Capital $300,000 Engineering $100,000 Total Hard Costs $5,000,000 $600,000 $2,684,225 $0 $550,000 Total Development Costs before Interest $5,000,000 t Total Project Cost / Cumulative n Loan Balance Calculation Total Costs w/ Interest Cumulative Cash Flow Draws including interest (& payoff) Loan amount Request $5,000,000 Proforma Use of Funds Estimate Use of Funds Source of Funds Equity $3,740,000 Land Construction Costs $4,000,000 Loan Amount EST. $5,000,000 Total uses of funds 3,200,000 Total sources of funds 5,200,000
    • Medical Spa - Amenities Assumptions Advertising 10% Dental patients per year 2000 Average per patient $800 Medical Patients per year 3000 Average per patient $900 Spa Treatments per year 10000 Average per treatment $450 Cosmetic Procedures 1000 Average per procedure $1,200 Product purchase (average) $150 Increasing at 10% Guest Management 1% Cost of goods 25% Supplies 1% Medical Doctors $95,000 2 $190,000 Naturopathic Doctors $70,000 2 $140,000 Nurses (RN, MA, LPN) $40,000 2 $80,000 Dentist $70,000 1 $70,000 Receptionists $25,000 2 $50,000 Aestheticians $35,000 2 $70,000 Massage/Physical Ther. $35,000 4 $140,000 Director of Operations $85,000 1 $85,000 Total $825,000 Assumed Cost of Equipment: Cost of Amenities Golf Carts $ 50,000 4 Tennis Courts $ 250,000.00 Maintenance equipment $ 50,000 10 Therapy Gazebos $ 20,000.00 Furniture $ 50,000 Thermal Waters $450,000.00 Dental $ 25,000 Beauty Center $ 750,000.00 Autos (10) $ 500,000 Yoga-Meditation $ 10,000.00 Hobby Equipment $ 15,000 Temescales $ 10,000.00 Medical equipment $ 500,000 Roads $250,000.00 Audio/ Phones $ 200,000 Architect $100,000.00 Computers/Software/Monitoring $ 250,000 Lake Improvement $35,000.00 Electric $350,000.00 Total $ 1,640,000 Gate-Wall-Fence $75,000.00 Yearly payment at 10% - 5 year lease $ 418,140 Amphitheater $50,000.00 Ponds $150,000.00 Guard Shack $25,000.00 Permits $35,000.00 Travel and Expenses $50,000.00 Misc. $100,000.00 Total $2,710,000.00 Yearly payment at 10% - 20 year loan $ 313,824
    • Revenue Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Medical/Spa Revenue Patient Fees $2,700,000 $2,970,000 $3,267,000 $3,593,700 $3,953,070 $4,348,377 $4,783,215 $5,261,536 $5,787,690 $6,366,459 Dental Fees $1,600,000 $1,760,000 $1,936,000 $2,129,600 $2,342,560 $2,576,816 $2,834,498 $3,117,947 $3,429,742 $3,772,716 Spa $4,500,000 $4,950,000 $5,445,000 $5,989,500 $6,588,450 $7,247,295 $7,972,025 $8,769,227 $9,646,150 $10,610,765 Procedures $1,200,000 $1,320,000 $1,452,000 $1,597,200 $1,756,920 $1,932,612 $2,125,873 $2,338,461 $2,572,307 $2,829,537 NETMEDICAL/SPA INCOME $10,000,000 $11,000,000 $12,100,000 $13,310,000 $14,641,000 $16,105,100 $17,715,610 $19,487,171 $21,435,888 $23,579,477 Additional Revenue Day Spa $1,125,000 $1,237,500 $1,361,250 $1,497,375 $1,647,113 $1,811,824 $1,993,006 $2,192,307 $2,411,537 $2,652,691 Spa Products $1,500,000 $1,650,000 $1,815,000 $1,996,500 $2,196,150 $2,415,765 $2,657,342 $2,923,076 $3,215,383 $3,536,922 TOTAL GROSS REVENUE $11,500,000 $12,650,000 $13,915,000 $15,306,500 $16,837,150 $18,520,865 $20,372,952 $22,410,247 $24,651,271 $27,116,398 OPERATING EXPENSES: Administrative Expenses Guest Management $115,000 $126,500 $139,150 $153,065 $168,372 $185,209 $203,730 $224,102 $246,513 $271,164 Utilities-sewer,garbage,electric,water $575,000 $632,500 $695,750 $765,325 $841,858 $926,043 $1,018,648 $1,120,512 $1,232,564 $1,355,820 Interest on Loans $313,824 $313,824 $313,824 $313,824 $313,824 $313,824 $313,824 $313,824 $313,824 $313,824 Seminar presentations - Book $10,000 $11,000 $12,100 $13,310 $14,641 $16,105 $17,716 $19,487 $21,436 $23,579 Insurance (Fire, quake, malpractice) $50,000 $55,000 $60,500 $66,550 $73,205 $80,526 $88,578 $97,436 $107,179 $117,897 Legal & Accounting $65,000 $71,500 $78,650 $86,515 $95,167 $104,683 $115,151 $126,667 $139,333 $153,267 Maintenance and Upkeep $575,000 $632,500 $695,750 $765,325 $841,858 $926,043 $1,018,648 $1,120,512 $1,232,564 $1,355,820 TOTAL ADMINISTRATIVE EXPENSES $1,703,824 $1,842,824 $1,995,724 $2,163,914 $2,348,923 $2,552,433 $2,776,294 $3,022,541 $3,293,412 $3,591,371 Medical/Spa Expenses Supplies for Clinic & Spa $45,000 $49,500 $54,450 $59,895 $65,885 $72,473 $79,720 $87,692 $96,461 $106,108 Inventory for Product Sales $375,000 $412,500 $453,750 $499,125 $549,038 $603,941 $664,335 $730,769 $803,846 $884,230 Salaries for Clinic & Spa staff $825,000 $907,500 $998,250 $1,098,075 $1,207,883 $1,328,671 $1,461,538 $1,607,692 $1,768,461 $1,945,307 Clinic Equipment Lease $418,140 $418,140 $459,954 $505,949 $556,544 $612,199 $673,419 $740,761 $814,837 $896,320 Sales Comm. $200,000 $220,000 $242,000 $266,200 $292,820 $322,102 $354,312 $389,743 $428,718 $471,590 Advertising $1,150,000 $1,265,000 $1,391,500 $1,530,650 $1,683,715 $1,852,087 $2,037,295 $2,241,025 $2,465,127 $2,711,640 TOTAL MEDICAL SPA EXPENSES $3,013,140 $3,272,640 $3,599,904 $3,959,894 $4,355,884 $4,791,472 $5,270,619 $5,797,681 $6,377,450 $7,015,194 TOTAL GROSS REVENUE $11,500,000 $12,650,000 $13,915,000 $15,306,500 $16,837,150 $18,520,865 $20,372,952 $22,410,247 $24,651,271 $27,116,398 TOTAL OPERATING EXPENSES $4,716,964 $5,115,464 $5,595,628 $6,123,808 $6,704,807 $7,343,905 $8,046,913 $8,820,222 $9,670,862 $10,606,566 NET OPERATING INCOME $6,783,036 $7,534,536 $8,319,372 $9,182,692 $10,132,343 $11,176,960 $12,326,038 $13,590,024 $14,980,409 $16,509,833
    • Home Projections Assumptions Homes 55 Home Building Cost Sq Ft $80.00 Home Sales Price Sq Ft $160.00 Furnishings 15% Build Cost Sales price Furnishings Total Price Siena 14 2,266 $181,280 $362,560 $54,384 $416,944 Firenze 12 2,575 $206,000 $412,000 $61,800 $473,800 Capri 9 3,090 $247,200 $494,400 $74,160 $568,560 Venezia 7 3,605 $288,400 $576,800 $86,520 $663,320 Bari 8 4,120 $329,600 $659,200 $98,880 $758,080 Padua 5 4,635 $370,800 $741,600 $111,240 $852,840 Income Expenses Siena 5,837,216 Siena $5,837,216 Firenze 6,633,200 Firenze $5,685,600 Capri 7,959,840 Capri $5,117,040 Venezia 9,286,480 Venezia $4,643,240 Bari 10,613,120 Bari $6,064,640 Padua 11,939,760 Padua $4,264,200 Total Income $40,329,856 Total Expenses $ 31,611,936.00 Profit $ 8,717,920.00 Condo Projections Assumptions Expenses Condos 48 Terra $ 474,376.80 Land Purchase $1,000,000 Vento $ 1,473,064.80 Interest 10% Fuoco $ 1,622,868.00 Avg. size Sq Ft. 120 Vita $ 2,134,695.60 Condo Building Cost $80.00 Bagatzi $ 2,345,044.26 Condo Sales Price Sq Ft. $140.00 Land $ 500,000.00 Furnishings 15% Total Expenses $ 8,550,049.46 Income Profit $ 4,282,207.60 Terra $756,185 Vento $2,348,153 Fuoco $2,586,948 Vita $3,402,832 Bagatzi $3,738,140 Total Income $12,832,257
    • Hotel & Restaurant Financial Projections - Year 1- 5 Hotel/Villa Revenue Year 1 Year 2 Year 3 Year 4 Year 5 Villa Revenue $ 4,082,400.00 $ 4,490,640.00 $ 4,939,704.00 $ 5,433,674.40 $ 5,977,041.84 Residences $ 2,245,320.00 $ 2,245,320.00 $ 2,245,320.00 $ 2,245,320.00 $ 2,245,320.00 Condos $ 1,306,368.00 $ 1,306,368.00 $ 1,306,368.00 $ 1,306,368.00 $ 1,306,368.00 Total Hotel Revenue $ 7,634,088.00 $ 8,042,328.00 $ 8,491,392.00 $ 8,985,362.40 $ 9,528,729.84 Restaurant Revenue Guests Per Day 96 106 116 128 141 Restaurant Meal Revenue $ 1,555,200.00 $ 1,710,720.00 $ 1,881,792.00 $ 2,069,971.20 $ 2,276,968.32 TOTAL GROSS REVENUE $ 5,637,600.00 $ 6,201,360.00 $ 6,821,496.00 $ 7,503,645.60 $ 8,254,010.16 Administrative Expenses $ 21,247.00 $ 21,247.00 $ 21,247.00 $ 21,247.00 $ 21,247.00 Land Purchase Payments 60 Mo. $ 103,257.00 $ 167,288.00 $ 167,288.00 $ 167,288.00 $ 167,288.00 Construction Mort. Paymt. 240 Mo. Utilities-sewer,garbage,electric,water $ 18,000.00 $ 19,800.00 $ 21,780.00 $ 23,958.00 $ 26,353.80 Marketing (Website, Publications) $ 563,760.00 $ 620,136.00 $ 682,149.60 $ 750,364.56 $ 825,401.02 Insurance (Fire, quake, malpractice) $ 30,000.00 $ 33,000.00 $ 36,300.00 $ 39,930.00 $ 43,923.00 Legal & Accounting $ 15,000.00 $ 16,500.00 $ 18,150.00 $ 19,965.00 $ 21,961.50 Maintenance and Upkeep $ 281,880.00 $ 310,068.00 $ 341,074.80 $ 375,182.28 $ 412,700.51 Real Estate Taxes $ 100,000.00 $ 110,000.00 $ 121,000.00 $ 133,100.00 $ 146,410.00 Hotel Expenses Salaries for Hotel staff $ 735,000.00 $ 1,060,000.00 $ 1,535,000.00 $ 1,535,000.00 $ 1,535,000.00 Supplies for Hotel $ 76,340.88 $ 80,423.28 $ 84,913.92 $ 89,853.62 $ 95,287.30 Restaurant Expenses Salaries for Restaurant staff $ 405,000.00 $ 575,000.00 $ 770,000.00 $ 815,000.00 $ 815,000.00 Food Costs $ 357,696.00 $ 393,465.60 $ 432,812.16 $ 476,093.38 $ 523,702.71 Total Expenses $ 2,707,180.88 $ 3,406,927.88 $ 4,231,715.48 $ 4,446,981.84 $ 4,634,274.84 TOTAL GROSS REVENUE $ 5,637,600.00 $ 6,201,360.00 $ 6,821,496.00 $ 7,503,645.60 $ 8,254,010.16 TOTAL OPERATING EXPENSES $ 2,707,180.88 $ 3,406,927.88 $ 4,231,715.48 $ 4,446,981.84 $ 4,634,274.84 NET OPERATING INCOME $ 2,930,419.12 $ 2,794,432.12 $ 2,589,780.52 $ 3,056,663.76 $ 3,619,735.32 Construction Costs Perfoot Avg. Size SF Total FF & E Total Cost Villas $ 100.00 500 $ 50,000.00 $ 25,000.00 $ 9,000,000.00 Conference Center $ 80.00 7500 $ 600,000.00 $ 200,000.00 $ 800,000.00 Reception/gym etc. $75 10000 $ 750,000.00 $ 150,000.00 $ 900,000.00 Total $ 10,700,000.00 Revenue Sharing 40% Residences and Condos Hotel assumptions Villas 120 Residences 165 Condos 96 Occ. Rate 70% Avg. room rate $ 135.00 Increasing at 10% Days per year 360 Restaurant Avg. Bill $45.00 Land Purchase $1,000,000 Interest 10% Restaurant food cost 23% Hotel Supplies 1% Annual Salaries for Hotel & Restaurant Staff HOTEL Year 1 Year 2 Year 3 Year 4 Year 5 Executive $ 95,000 1 $ 95,000 $ 95,000 1 $ 95,000 $ 95,000 2 $ 190,000 $ 95,000 2 $ 190,000 $ 95,000 2 $ 190,000 Managers $ 50,000 1 $ 50,000 $ 50,000 1 $ 50,000 $ 50,000 4 $ 200,000 $ 50,000 4 $ 200,000 $ 50,000 4 $ 200,000 Assistant ma a$ 40,000 2 $ 80,000 $ 40,000 4 $ 160,000 $ 40,000 6 $ 240,000 $ 40,000 6 $ 240,000 $ 40,000 6 $ 240,000 Receptionists $ 20,000 4 $ 80,000 $ 20,000 6 $ 120,000 $ 20,000 6 $ 120,000 $ 20,000 6 $ 120,000 $ 20,000 6 $ 120,000 Personal Assi t$ 15,000 2 $ 30,000 $ 15,000 3 $ 45,000 $ 15,000 3 $ 45,000 $ 15,000 3 $ 45,000 $ 15,000 3 $ 45,000 $ 50,000 2 $ 100,000 $ 50,000 3 $ 150,000 $ 50,000 4 $ 200,000 $ 50,000 4 $ 200,000 $ 50,000 4 $ 200,000 Concierge Housekeeping $ 20,000 10 $ 200,000 $ 20,000 15 $ 300,000 $ 20,000 20 $ 400,000 $ 20,000 20 $ 400,000 $ 20,000 20 $ 400,000 Maint./Ground s$ 20,000 5 $ 100,000 $ 20,000 7 $ 140,000 $ 20,000 7 $ 140,000 $ 20,000 7 $ 140,000 $ 20,000 7 $ 140,000 Summary 26 $ 735,000 32 $ 1,060,000 43 $ 1,535,000 52 $ 1,535,000 52 $ 1,535,000 RESTAURANT Year 1 Year 2 Year 3 Year 4 Year 5 $ 70,000 1 $ 70,000 $ 70,000 1 $ 70,000 $ 70,000 2 $ 140,000 $ 70,000 2 $ 140,000 $ 70,000 2 $ 140,000 C h e f S ous- Chef $ 45,000 1 $ 45,000 $ 45,000 2 $ 90,000 $ 45,000 3 $ 135,000 $ 45,000 3 $ 135,000 $ 45,000 3 $ 135,000 Manager $ 45,000 2 $ 90,000 $ 45,000 3 $ 135,000 $ 45,000 3 $ 135,000 $ 45,000 4 $ 180,000 $ 45,000 4 $ 180,000 Kitchen assi $ 20,000 2 $ 40,000 $ 20,000 4 $ 80,000 $ 20,000 6 $ 120,000 $ 20,000 6 $ 120,000 $ 20,000 6 $ 120,000 Servers $ 20,000 8 $ 160,000 $ 20,000 10 $ 200,000 $ 20,000 12 $ 240,000 $ 20,000 12 $ 240,000 $ 20,000 12 $ 240,000 Summary 14 $ 405,000 20 $ 575,000 26 $ 770,000 27 $ 815,000 27 $ 815,000
    • Ailanto Summary of All Operations Home Summary Year 1 Total Income $40,329,856 Total Expenses $31,61 1,936 Total profit $8,717,920 Condo Summary Year 1 Total Income $12,832,257 Total Expenses $8,550,049 Total profit $4,282,208 Hotel Summary Year 1 Year 2 Year 3 Year 4 Year 5 TOTAL GROSS REVENUE $5,637,600 $6,201,360 $6,821,496 $7,503,646 $8,254,010 TOTAL OPERATING EXPENSES $2,707,181 $3,406,928 $4,231,715 $4,446,982 $4,634,275 NET OPERATING INCOME $ 2,930,419 $ 2,794,432 $ 2,589,781 $ 3,056,664 $ 3,619,735 Spa Summary Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 TOTAL GROSS REVENUE $11,500,000 $12,650,000 $13,915,000 $15,306,500 $16,837,150 $18,520,865 $20,372,952 $22,410,247 $24,651,271 $27,116,398 TOTAL OPERATING EXPENSES $4,716,964 $5,115,464 $5,595,628 $6,123,808 $6,704,807 $7,343,905 $8,046,913 $8,820,222 $9,670,862 $10,606,566 NET OPERATING INCOME $ 6,783,036 $ 7,534,536 $ 8,319,372 $ 9,182,692 $ 10,132,343 $ 11,176,960 $ 12,326,038 $ 13,590,024 $ 14,980,409 $ 16,509,833 Grand Total $22,713,583 $10,328,968 $10,909,153 $12,239,355 $13,752,078 $11,176,960 $12,326,038 $13,590,024 $14,980,409 $16,509,833
    • Price / Day Square Meters Unfurnished Cost Furnished Cost Rental Rate V1 Sogno $112 56 $100,800 $115,920 Rental Rate V2 Cielo $140 70 $126,000 $144,900 Rental Rate A Vento $152 76 $136,800 $157,320 Rental Rate B Fuoco $236 118 $212,400 $244,260 Rental Rate C Terra $260 130 $234,000 $269,100 Rental Rate D Vita $342 171 $307,800 $353,970 Rental Rate E Bagatzi $751 376 $676,260 $777,699 Rental Rate F Siena $440 220 $396,000 $455,400 Rental Rate G Firenze $500 250 $450,000 $517,500 Rental Rate H Capri $600 300 $540,000 $621,000 Rental Rate I Venezia $700 350 $630,000 $724,500 Rental Rate J Bari $800 400 $720,000 $828,000 Rental Rate K Padua $900 450 $810,000 $931,500 Days Per Year 360 Total Ongoing Owner's Rental Class Revenue Management Maintenance Reserve Fund Marketing Share $24,192 $4,838 $1,210 $1,210 $2,419 $14,515 Rental Rate V1 Rental Rate V2 $30,240 $6,048 $1,512 $1,512 $3,024 $18,144 Rental Rate A $32,832 $6,566 $1,642 $1,642 $3,283 $19,699 Rental Rate B $50,976 $10,195 $2,549 $2,549 $5,098 $30,586 Rental Rate C $56,160 $11,232 $2,808 $2,808 $5,616 $33,696 Rental Rate D $73,872 $14,774 $3,694 $3,694 $7,387 $44,323 Rental Rate E $162,302 $32,460 $8,115 $8,115 $16,230 $97,381 Rental Rate F $95,040 $19,008 $4,752 $4,752 $9,504 $57,024 Rental Rate G $108,000 $21,600 $5,400 $5,400 $10,800 $64,800 Rental Rate H $129,600 $25,920 $6,480 $6,480 $12,960 $77,760 Rental Rate I $151,200 $30,240 $7,560 $7,560 $15,120 $90,720 Rental Rate J $172,800 $34,560 $8,640 $8,640 $17,280 $103,680 Rental Rate K $194,400 $38,880 $9,720 $9,720 $19,440 $116,640 Rental Analysis Model Cost Down Mortgage Owner's Share Minus Expenses Cash Flow % Sogno $115,920 $34,776 $81,144 $14,515 $8,114 $6,401 18% Cielo $144,900 $43,470 $101,430 $18,144 $10,143 $8,001 18% Vento $157,320 $47,196 $110,124 $19,699 $11,012 $8,687 18% Fuoco $244,260 $73,278 $170,982 $30,586 $17,098 $13,487 18% Terra $269,100 $80,730 $188,370 $33,696 $18,837 $14,859 18% Vita $353,970 $106,191 $247,779 $44,323 $24,778 $19,545 18% Bagatzi $777,699 $233,310 $544,389 $97,381 $54,439 $42,943 18% Siena $455,400 $136,620 $318,780 $57,024 $31,878 $25,146 18% Firenze $517,500 $155,250 $362,250 $64,800 $36,225 $28,575 18% Capri $621,000 $186,300 $434,700 $77,760 $43,470 $34,290 18% Venezia $724,500 $217,350 $507,150 $90,720 $50,715 $40,005 18% Bari $828,000 $248,400 $579,600 $103,680 $57,960 $45,720 18% Padua $931,500 $279,450 $652,050 $116,640 $65,205 $51,435 18% Assumptions Occupancy Rate 60.00% Owner Split 60.00% Management Fees 20.00% Maintenance Fee 5.00% Repair/Repl. Fund 5.00% Marketing Fee 10.00% Down Payment 30.00% Expense Rate 10.00% Furniture 15.00% Rental Factor 2
    • Toque Del Cielo, S.A. project in Costa Rica is Ailanto Wellness Resort and Spa, this project has received its permits All studies have been completed. We take fully refundable reservations for 30 days, then when we financing is completed and permits are obtained we begin construction. This is the procedure that we use: 1. Down payment is deposited in escrow with Chicago Title 2. C l i e n t f o rm s a S . A . 3. Once all the documents are in place and land is transferred to the new owner, down payment is released to Toque Del Cielo S.A. 4. Chicago Title pays the Broker 50% of the total commission due 5. Permits are obtained 6. We begin construction and request a first draw to pay for any advances 7. The second 50% is paid on the commissions 8. We submit draws from the Bank as we complete each construction phase, i.e. Foundation, roofing etc. 9. Bank sends an inspector to verify that we have completed the work prior to releasing the funds 10. Lien waivers are issued 11. Client inspects property and produces a punch list 12. We hold 5% of the last draw until the punch list is completed 13. We guarantee the construction for two years
    • Construction Features All Custom construction Upscale finishes Travertine or Ceramic Tile Flooring Granite Counters Tuscan Treatments (Required with the Optional Management Rental Program) Appliances are included, range, refrigerator, microwave, dishwasher, oven, etc. We are developing several proprietary products and will distribute such products through our Resorts and affiliates as well as other Spas (Worldwide) also through our website www.ailantowellnessresort. com Ailanto by Mother Earth... Naturally Herbal Food Supplements These products will address a series of food supplements designed to maintain a healthy body environment and will be sold in pill form. We will contract with a lab to manufacture these pills and sell these under the name of Mother Earth Naturally by Ailanto. We expect the pricing to be comparable to products sold through GNC and other health oriented stores. These products will be offered at the Resort’s stores and the Spa as well as in a form of a Catalog that include all of the Ailanto Products. Ailanto Juice for Life by Makil These are 100% natural exotic fruit juice products; these juices are frozen and served at the Resorts and through future franchises throughout the world. We have identified 12 juices to get started and we have designed the stands and identified the initial locations, one in Miami Florida, New York and Phoenix. We will also package Ailanto water under this label. Due to the nature of the product the juices will not be offered in the Catalog.
    • Ailanto Fashions by Green Frog A complete line of designer spa clothing, including our exclusive “slimming” swimming suits and a full line of Spa wear such as Tommy Bahamas-style shirts and shorts, bathrobes, sweats, sandals, togas, head gear, sunglasses and accessories. We will contract with textile and accessories factories in Colombia for the manufacturing of these products. Ailanto Age-Defying Cosmetics by Rae An entire line of hand and face creams designed to moisturize and to maintain a youthful appearance. These cosmetics will be sold at the Spa and will be offered through the Catalog and website. These cosmetics will be packaged in Colombia as well. Please Contact Dr. Hugo E. Ribadeneira for additional Information or for any questions relating to Ailanto Wellness Resort and Spa. He may be contacted at 480-650-8144 (USA) or 506-8353-7386 (Costa Rica). His E-mail is hugo@ailantoresort.com.
    • Company: Toque Del Cielo SA, a Costa Rican Corporation Shareholders: Edward Ribadeneira 34% Lawyer ed@wrlawfirm.net 480-874-1313 William Ribadeneira 33% Manager william0106@msn.com 480-585-7421 Michelle Ribadeneira 33% Marketing mrib1@mac.com 480-227-6744 President and CEO Hugo E. Ribadeneira drinlawaz@msn.com 480-650-8144 Treasurer: Edward Ribadeneira Bank: Banco Nacional Lawyer: Alexander Lobo Costa Rica Neither Toque Del Cielo SA nor any of its shareholders have any legal actions filed against them nor are any expected.
    • Dr. Hugo E. Ribadeneira Dr. Hugo served in the United States Air Force during the Vietnam era. His specialization was Precision Electronic Systems. After 5 1/2 years of service, he was honorably discharged. He continued his studies at the University of Tulsa, OK, where he earned his Bachelor in Science degree in Computer Science/Engineering. He earned his Certified Financial Planner designation in 1983. At La Salle University, he earned a Juris Doctor Degree (General Law) and a Doctor of Naturopathy degree. He graduated from Washington School of Law with a LL.M (Masters of Law, Taxation with Honors) and a Doctor of Juridical Sciences (Taxation with Honors); Dr. Ribadeneira was a Professor of Law at this School. Dr. Ribadeneira has published 5 books and has been a guest speaker at many seminars and conventions around the world. Dr. Ribadeneira has ample experience in real estate development having been involved in many multi-million commercial and residential projects over the last 20 years.