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Hard Rock Hotel Panama
     Executive Briefing
• One of the world’s most recognized, iconic
  brands
• Founded in London in 1971, now in major
  markets around the world
    – 130 Restaurant locations in 20 countries
    – 5 luxury hotels, 4 hotel casinos, with 6
      additional (including Panama) scheduled to
      open by 2012.
• Strong corporate identity and culture
    – Mission: “To spread the spirit of rock and roll
      by creating authentic experiences that rock”
    – Key Attributes: Authentic, Passionate,
      Irreverent, Unpredictable, Democratic
    – Mottos: “Love All- Serve All,” “Take Time to
      be Kind,” “All is One,” “Save the Planet”

                                                        Hard Rock Hotel Orlando
The Hard Rock edge
                             Higher Occupancy and ADR Performance


                      $400
                                   Ritz Carlton                                  Morgan Hotel Group
                                   ADR: $240                                         ADR: $260
                      $350                                                                Ritz Carlton International
                                                                                                  ADR: $213
Rack Rate (per day)




                      $300

                                                               Starwood
                      $250      Intercontinental               ADR: $160
                                   Americas
                                    ADR: $18
                      $200                                                     Hard Rock Orlando
                                                                                  ADR: $224
                                                         Marriott Hotel and
                                                                                                           Hard Rock Las Vegas
                      $150                                     Resort
                                                                                                               ADR: $195
                                                            ADR: $113


                      $100                                Marriott Courtyard
                                                            ADR: $89.53
                                   Crowne Plaza
                                     Americas
                       $50           ADR: $76



                         60%        65%            70%   75%          80%      85%           90%             95%          100%

                                                         Occupancy
Team Background
• Lagomar Panama
    – Experienced in Central American development (Los Suenos, Costa
      Rica)
• Milton Pate
    – Design Architects with background working with resort brands:
• EDAW
    – One of the world’s leading design firms, experience in landscape
      design, master planning and ecological planning
• Cole Martinez Curtis
    – Interior designers experienced with both resort experience creation
      and Panamanian culture
• ACS
    – Engineering and design firm with extensive background in Latin
      American construction and project management
• Hard Rock International
    – Design, Marketing and Operational consulting
Project History

                         • The project started with extensive
                           research resulting in the selection
                           of Panama as a location for
                           development and the Hard Rock
                           as the ideal brand
                         • Initial work through conceptual
                           design on a 34 acre site at Playa
                           Blanca
                         • Identified a superior 100 acre site
                           closer to the city, resulting in a
                           nearly complete reimagining of
                           the design
                         • Ready to begin land preparation,
                           launch detailed schematic phase
First Site Master Plan
New Location
• 100 acre site just south of Playa Coronado, a longtime
  Panamanian tourist destination. Roughly an hour south
  of Panama City
• Easy access from Pan-American Highway
• Close to other tourist attractions, golf courses, etc.
• Located in the “Dry Arch” – the “Southern California of
  Panama” - a relatively rain-free part of tropical
  rainforest-rich country.
• Ideal location incorporating a white sand beach,
  bordering river, and large, elevated platform with
  expansive ocean views
Land Plan
Land Plan (description)
         •   Enter through lush tropical road, across bridge, with teasing
             glimpses of the resort through the flowering vegetation.
         •   Semi-secluded Spa section provides both serene environment
             and easy access to the rest of the resort
         •   Mountain villas on the highlands overlooking the ocean
         •   Eco villas cantilevered on the riverbank
         •   100 yard wide entry circle, centered on large, landmark
             spreading tree
         •   Sense of discovery carried through Porte Cochere and into
             Lobby/Check-in
         •   Building opens with dramatic, elevated vistas across the pool
             area to the endless blue Pacific.
Hotel Plan
Renderings
Architectural Inspirations
Landscape Design
Interior Design
Rooms and Residences
   The perfect place for every stay

  • 411 rooms (Phase I) the vast majority have ocean views
  • Varied inventory: Single Rooms, 1 ½ bay Mini-Suites,
    Double Suites, Spa Suites, Villas and 4 exclusive Rock Star
    Suites
  • Distinct locations: Beach Wing, Tower, Arch, Spa Villas,
    Eco Villas, Golf Villas and Beachfront
  • Innovative “swim-out” rooms and suites with direct
    access from patio to pool
Pool Area
Building an exciting pool scene is key to resort success.
The Hard Rock is a master of the art.
Pool Area
 The Hard Rock Panama is building on lessons learned to create a
 world-class, 200,000 square foot resort pool area
Features
    Setting a new standard not just for Panama but for the entire Central
    American/Caribbean region
•   Two signature restaurants         •   Camp Lil’ Rock – Kid’s center
•   Iconic Hard Rock Lobby Lounge     •   Quiet adult areas
•   Rock Spa                          •   Water sports/activity area
•   World-class nightclub (LOI with   •   Private white sand beach
    Gerber)                           •   Wedding and special events areas
•   Extensive white sand beach        •   Environmentally aware (LEEDS) design
Phase I

• 411 Rooms
  – Includes main hotel building,
    beach wing and tower and Spa
    Suites
  – Chosen to ensure that later
    construction will not interfere
    with hotel operation
Phase II
                                • Additional 200 rooms in
                                  North Beach Wing, Golf
         Golf Villas              and Eco Villas
                                   – Golf Villas on highlands
Eco
                                     near entrance. Still have
Villas                               elevated ocean views
                                   – Eco Villas cantilevered over
                                     river
                       North
                       North    • Each area has independent
                       Beach
                       Beach
                                  access- construction will
                                  not have major effect on
                                  the rest of the resort.
Future



         •   Second five star resort on
             remaining property
         •   Golf course on remaining and
             adjoining property
         •   Additional residential
             development
         •   Additional commercial
             development
Current Status
   Ready to rock

                   •   Conceptual design complete and approved by
                       the Hard Rock
                   •   Hotel condominium documents complete and
                       approved.
                   •   Sale of condominium units open on small scale.
                       Website and collateral developed.
                   •   Letter of Intent signed with Gerber Organization
                       for nightclub/signature bar. Other potential
                       partners identified and evaluated
                   •   Panamanian zoning and other relevant
                       approvals acquired
                   •   Project Plan, including schedule developed.
                       Interviewing/evaluating subcontractors for next
                       phase of design
                   •   Ready to start site work
Next Steps
• Public Groundbreaking event – COMING SOON!

• Contact: Daniel Merandi, Founders Registry
• 305.720.7315
• info@foundersregistry.org

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Hard Rock Hotel Panama 2009!!! Contact Daniel Merandi

  • 1. Hard Rock Hotel Panama Executive Briefing
  • 2. • One of the world’s most recognized, iconic brands • Founded in London in 1971, now in major markets around the world – 130 Restaurant locations in 20 countries – 5 luxury hotels, 4 hotel casinos, with 6 additional (including Panama) scheduled to open by 2012. • Strong corporate identity and culture – Mission: “To spread the spirit of rock and roll by creating authentic experiences that rock” – Key Attributes: Authentic, Passionate, Irreverent, Unpredictable, Democratic – Mottos: “Love All- Serve All,” “Take Time to be Kind,” “All is One,” “Save the Planet” Hard Rock Hotel Orlando
  • 3. The Hard Rock edge Higher Occupancy and ADR Performance $400 Ritz Carlton Morgan Hotel Group ADR: $240 ADR: $260 $350 Ritz Carlton International ADR: $213 Rack Rate (per day) $300 Starwood $250 Intercontinental ADR: $160 Americas ADR: $18 $200 Hard Rock Orlando ADR: $224 Marriott Hotel and Hard Rock Las Vegas $150 Resort ADR: $195 ADR: $113 $100 Marriott Courtyard ADR: $89.53 Crowne Plaza Americas $50 ADR: $76 60% 65% 70% 75% 80% 85% 90% 95% 100% Occupancy
  • 4. Team Background • Lagomar Panama – Experienced in Central American development (Los Suenos, Costa Rica) • Milton Pate – Design Architects with background working with resort brands: • EDAW – One of the world’s leading design firms, experience in landscape design, master planning and ecological planning • Cole Martinez Curtis – Interior designers experienced with both resort experience creation and Panamanian culture • ACS – Engineering and design firm with extensive background in Latin American construction and project management • Hard Rock International – Design, Marketing and Operational consulting
  • 5. Project History • The project started with extensive research resulting in the selection of Panama as a location for development and the Hard Rock as the ideal brand • Initial work through conceptual design on a 34 acre site at Playa Blanca • Identified a superior 100 acre site closer to the city, resulting in a nearly complete reimagining of the design • Ready to begin land preparation, launch detailed schematic phase First Site Master Plan
  • 6. New Location • 100 acre site just south of Playa Coronado, a longtime Panamanian tourist destination. Roughly an hour south of Panama City • Easy access from Pan-American Highway • Close to other tourist attractions, golf courses, etc. • Located in the “Dry Arch” – the “Southern California of Panama” - a relatively rain-free part of tropical rainforest-rich country. • Ideal location incorporating a white sand beach, bordering river, and large, elevated platform with expansive ocean views
  • 8. Land Plan (description) • Enter through lush tropical road, across bridge, with teasing glimpses of the resort through the flowering vegetation. • Semi-secluded Spa section provides both serene environment and easy access to the rest of the resort • Mountain villas on the highlands overlooking the ocean • Eco villas cantilevered on the riverbank • 100 yard wide entry circle, centered on large, landmark spreading tree • Sense of discovery carried through Porte Cochere and into Lobby/Check-in • Building opens with dramatic, elevated vistas across the pool area to the endless blue Pacific.
  • 11.
  • 12.
  • 16. Rooms and Residences The perfect place for every stay • 411 rooms (Phase I) the vast majority have ocean views • Varied inventory: Single Rooms, 1 ½ bay Mini-Suites, Double Suites, Spa Suites, Villas and 4 exclusive Rock Star Suites • Distinct locations: Beach Wing, Tower, Arch, Spa Villas, Eco Villas, Golf Villas and Beachfront • Innovative “swim-out” rooms and suites with direct access from patio to pool
  • 17. Pool Area Building an exciting pool scene is key to resort success. The Hard Rock is a master of the art.
  • 18. Pool Area The Hard Rock Panama is building on lessons learned to create a world-class, 200,000 square foot resort pool area
  • 19. Features Setting a new standard not just for Panama but for the entire Central American/Caribbean region • Two signature restaurants • Camp Lil’ Rock – Kid’s center • Iconic Hard Rock Lobby Lounge • Quiet adult areas • Rock Spa • Water sports/activity area • World-class nightclub (LOI with • Private white sand beach Gerber) • Wedding and special events areas • Extensive white sand beach • Environmentally aware (LEEDS) design
  • 20. Phase I • 411 Rooms – Includes main hotel building, beach wing and tower and Spa Suites – Chosen to ensure that later construction will not interfere with hotel operation
  • 21. Phase II • Additional 200 rooms in North Beach Wing, Golf Golf Villas and Eco Villas – Golf Villas on highlands Eco near entrance. Still have Villas elevated ocean views – Eco Villas cantilevered over river North North • Each area has independent Beach Beach access- construction will not have major effect on the rest of the resort.
  • 22. Future • Second five star resort on remaining property • Golf course on remaining and adjoining property • Additional residential development • Additional commercial development
  • 23. Current Status Ready to rock • Conceptual design complete and approved by the Hard Rock • Hotel condominium documents complete and approved. • Sale of condominium units open on small scale. Website and collateral developed. • Letter of Intent signed with Gerber Organization for nightclub/signature bar. Other potential partners identified and evaluated • Panamanian zoning and other relevant approvals acquired • Project Plan, including schedule developed. Interviewing/evaluating subcontractors for next phase of design • Ready to start site work
  • 24. Next Steps • Public Groundbreaking event – COMING SOON! • Contact: Daniel Merandi, Founders Registry • 305.720.7315 • info@foundersregistry.org

Notas do Editor

  1. Notes:The key is operational pricing. The Hard Rock organization is capable of gaining higher than average ADR performance without necessarily having the highest retail cost.“A: North America only includes Canada and the United States. * The data of the Hard Rock Hotel, the Fertile valleys is for the period February 2, 2007 - December 31, 2007, and the operational statistics of the Hard Rock Hotel, Orlando come from a published article the 13 of December of 2007 (to see the source of down). 1/ It includes Hard Rock Hotel, the Fertile valleys 2/ & includes Bulgari Hotels; Resorts. Resorts in North America excludes Ritz-Carlton. 3/ It only includes 35 own hotels, rented (“leased”) and “consolidated joint ventures”. The Starwood name includes marks like The Westin Resorts, Sheraton, Four Points, etc. Source: With base to annual reports, financial statements and documents given to the ESA, except for the Hard Rock Hotel, Orlando, whose information it is derived from an interview to Trevor Horwell (Director of the Division of Operation of the Hard Rock Hotel) published by ArabianBusiness.com, the 13 of December of 2007.