Viability Session 3: The Mechanics of viability testing
5 Star Caribbean Resort Hotel Project Profile 2010
1. Kramer Management Consulting“Specializing in the Construction Industry”15849 N. 71st Street Suite 100Scottsdale, AZ 85254Phone: 480-824-8194Fax: 480-281-1500Email: tkramer@k-advise.comwww.K-Advise.com Representing: Texas-Based Developer Seeking Investors for 5-Star Resort Hotel, Casino & Spa Development Within the Caribbean
2. Schematics of Caribbean Hotel 465-room 5-Star Service Hotel & Condo-Rental Property 30 acre property with 1000 feet of beachfront Additional acreage will add 500 more feet of beachfront
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4. $ 5 M to acquire adjacent property of 17 acres, which has already been permitted
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6. 2-3 story structures with views of the Caribbean set on a hillside of 30 buildings, which includes the common facilities for Phase I
13. Developer purchased 30 acres with 1000 feet of beachfront in 2005 and the land is owned outright
14. 465 units have been permitted with 265 units in the 1st Phase and 200 units in the 2nd Phase. The units will consist of both hotel and condo-rental rooms.
15. Developer will own 51 % of the condo-rental units to retain control over the condominium association
16. Developer is seeking to acquire 17-acre property adjacent to current 30 acres for expansion of 500 more feet of beachfront & 250 additional units
17. Major, global hotel operator has been selected with an option to bring in 5-star branded hotel operator
18. Competing hotels are between 10-20 units & there are no branded hotels on the island. There are only 1000 hotel rooms on the island.
19. The resort is 20 miles east of an International Airport that has direct flights from the U.S., Canada, and Europe, some of which are only 2 ½ hours away. There are also flights to the mainland and a ferry to the island.
20. There are 2 cruise ship ports that serve the island and 1 port is under-going a major expansion