2. Master Plan – Milagro del Mar Beach Club Hotel

3. Internationally Branded Resort Hotel
• First Internationally Branded Hotel on Pacific Coast
• Major Development for Nicaraguan Economy
• Oceanfront Resort
• 45 Minutes from Managua
• 128 Guest Suites
• Golf Course Already Open
• Managed by Hilton
• 3 – 5 Year Market Monopoly

4. Master Plan – Milagro del Mar Beach Club Hotel

7. Features and Amenities
• 2 Swimming Pools
• Dramatic Water Feature
• 2 Restaurants and Bars
• Exercise Facilities
• Business Center
• Golf Course and Tennis Courts
• Equestrian Facilities
• Surfing

9. Financial Summary
• Debt Service Covered at 45% Occupancy in Year 1
• Year 1 Average Daily Rate $145
• Debt Reduced as Condo-Hotel Suites are Sold
• Debt Fully Retired After 66.4% of Suites are Sold
• 10 Year Net Cash Flows Average $312,000 per Year
• 10 Year Projected Net Income of $8.4 Million (All Phases)

13. Current Status
• Phase I Condominiums Under Construction
• 68% Sold Out
• $6 Million Invested to Date
• Law 306 Approved Project
• Infrastructure and Utilities Existing
• $5.2 Million Land Valuation
• Phase II Hilton Hotel Ready for Financing Package

15. Lending Summary – Phase II Hotel
• $27.7 Million Completed Market Value
• $25 Million Capital Expenditure
• $18 Million Loan Requirement, to Include:
– Phase II Hotel Construction & Development
– Amenities
– 11 KM Permanent Entrance Road
– Retirement of $1.3 Existing Debt
• 3 – 5 Year Term

17. Source and Use
• $5.2 Million Land Valuation
• $6.0 Million Invested in Project to Date
$11.2 Collateral Available
• $5.0 Closing - Road, Architecture, Debt Retirement and Working Capital
• $11.5 Disbursed During Construction of Hotel
• $ 1.5 Interest Reserve
$18.0 Total Financing Package

18. Central Pacific Coast

19. Amenities

20. Tourist Activities

21. Socially Responsible
Development

22. “What you do for yourself goes to the grave, but
what you do for others lives forever.”
• Artisan Village
• Employee Housing
• Health
• Education
• Vocational Training
• English Language
• Entrepreneurship
• Baseball Academy

24. Baseball Academy
International Baseball Academy of
Central America (IBACA)
• First in Central America
• Player Development and Education
• Fantasy Camps
• International Tournaments
• Professional Baseball to Gran
Pacifica

25. Baseball Academy
Former Major Leaguers:
Reggie Smith
Dave Stewart
Brad Lesley

26. Nicaragua
Belize
Pacific Costa Rica
Panama
Caribbean Costa Rica
Costa Rica Highlands
Nicaraguan Tourism is an
Emerging Market,
Providing Value
Opportunity
Opportunity Curve
Mexico

27. Nicaragua – The Only Growing Tourism
Destination in Central America

28. The Opportunity is Now