December 15, 2010
Dear Home-Seeker,
Thank you for taking the time to get to know The Resort at Isla Palenque. I’m
sure you’ll agree we’ve found an incomparable site, and that our plans are
appropriately innovative, thoughtful, and respectful of our unique location.
We are currently building our Villa Estate model home as well as some island
infrastructure. We are ramping up to launch sales to the public this November for
our Phase One homes, which are planned for delivery in late 2012. Around the
same time our boutique hotel will open, offering deluxe amenities to residents
and guests, managed by the world class West Paces Hotel Group.
Although home delivery is still some time from now, I would like to make you
aware of the special advantages to being one of the first to take notice of The
Resort at Isla Palenque, namely our Founder’s Club. The homeowners who buy
the first twelve homes on Isla Palenque will become lifetime members in our
Founder’s Club. In addition to special pricing, Founders will be rewarded for
their vision with privileges such as: no HOA fees for three years, free hotel stays
for their guests, a dedicated concierge, VIP treatment and more. Please see the
attached pages to learn about the astonishing array of benefits and privileges
reserved for the members of this elite group.
If you are interested in being a Founder, I invite you to contact our Isla Palenque
Sales Team ([email protected] and 877-212-6253) to learn more about the
Founder’s Club, our home offerings, and how to become one of the select set of
forward-thinking individuals who choose to make Isla Palenque their home.
Sincerely yours,
Ben Loomis
President, Amble Resorts
THE FOUNDER’S CLUB AT ISLA PALENQUE
The first twelve homebuyers at Isla Palenque will become lifetime members in our Founder’s Club. In
addition to special pricing, Founders will be rewarded for their forward-thinking vision with special
benefits, ranging from one-time benefits like special pricing and free memberships, to lifetime benefits
that can be passed down for generations.
Membership in the Founder’s Club cannot be traded or exchanged, but can be passed on to spouses and
family members. This means that this elite club will never have more than its original number of
members, promising a level of status that cannot be diluted or devalued.
Benefits of being a member of the Founder’s Club include:
Pricing Discounts: Members of the Founder’s Club will receive a discount of 5% off the initial
pricing. This discount is in addition to the already low pre-construction pricing levels. (Worth between
$14,000-$65,000, depending on the home purchased and timing of the purchase.)
Dedicated “Founder’s Club Concierge”: We will provide a single point of contact to provide
concierge services for Founder’s Club Members. In the year prior to closing on their home, this person
will be available to provide assistance in whatever needs individual Founders have establishing
themselves in Panama: bank accounts, visas, residency, etc. In addition, during this year and once the
resort is open, this concierge will be able to help by reserving tours, transportation, hotel rooms or
anything else the Founders require during their visits to Panama. (Priceless.)
Paid Association Fees: During the first three years of home ownership, we will pay all Founders’
condominium and/or association fees. (Note that this will not include property taxes or fees associated
with optional programs or clubs, such as the Yacht Club, use of hotel amenities, etc.) (Estimated value
of $15,000 - $40,000, depending on the home purchased.)
Founder’s Referral Program: If anyone referred by a Founder chooses to purchase a home at Isla
Palenque, this new buyer will receive a discount of $10,000 off of the published pricing in effect at
that time. In addition, the referring Founder will receive a resort credit of $10,000 to be used towards
spa services, tours, condominium fees, etc. (10,000 to the Founder for each new homebuyer they
refer.)
Trade-Up Program: Members in the Founder’s Club will have rights of first refusal on any new
home offered for sale in our development, with the ability to “trade-up” for a new home, which must
be priced at least as much as the then-current market value of their home. If a Founder chooses to
exercise this right, we will buy back their home at the initial price plus half of difference between the
then-current market value of their home. The Founder will be able to use this as a credit at the closing
of their new home. (Priceless.)
Hotel Stays for Guests: During the first three years the hotel is open, Founders will be allowed to
have their guests stay in the hotel for free, subject to availability and some restrictions. Restrictions
include (but will not be limited to): a maximum of 50 total-room nights per year, and the Founder must
be staying in their home when guests are at the hotel. The “free stay” will include the room, but not
incidentals such as food, beverages, tours, and taxes. This benefit will be subject to blackout dates and
room availability, as determined by our hotel management company. (Worth as much as $50,000.)
Founder’s Lockers: Founders will have a special locker room near the marina where they can store
equipment, clothes, and other items used during marine excursions. This locker room will include
bathrooms, showers, and at least 300 cubic feet of storage space per Founder. (Worth approximately
$10,000.)
THE FOUNDER’S CLUB AT ISLA PALENQUE (CONTINUED)
In addition, Founder’s Club members who purchase Canopy Homes or Villa Estates will also receive the
following benefits:
Private Villa Vacation: Founders will be given a 5-day, 4-night vacation for themselves and any
guests they want to invite (up to 10 people total) to stay in the Villa model home before the hotel is
open to the public. We will cover the costs of transportation from the mainland to the island, all rooms,
food and beverages, and will charter a day-long boat trip for fishing, snorkeling, island hopping, or
whatever else the Founder and their guests would like to do. (Worth up to $6,000.)
GEM Car: Founders will receive free use of an electric GEM e4 car (or equivalent), the standard 4-
seater which will be available for purchase to all homeowners on the island. (Worth up to $4,000 per
year.)
Yacht Club Membership (Villas): Villa purchasers will receive a free “Captain” (medium) level
membership in the Yacht Club. Should they choose to purchase a higher level membership in the
Yacht Club, they would only be required to pay the difference between the two membership costs.
Note that this does not include annual fees associated with the membership. (Estimated value of
$50,000.)
Naming Rights: Purchasers of Canopy Homes will be allowed to name one of the platforms in the
canopy walk we will be building in the nature preserve. Purchasers of Villa Estates will be allowed to
name one of the boats in the Yacht Club. (Names will need to receive our approval.) (Priceless.)
Additional restrictions may apply to each of the above benefits.
The advantages of being a Founder at our extraordinary resort are clear. Depending on the home
purchased, the dollar values associated with Founder’s Club membership can range from some $90,000 to
over $200,000. Include such inestimable benefits as rights of first refusal on new homes, a dedicated
concierge, naming rights, memories associated with your private model home stay, and the value of being
a Founding Member of The Resort at Isla Palenque becomes priceless.