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
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
8.
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)
10.
11.
12.
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
14.
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
16.
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
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
23.
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
