investment opportunity presentation land details · 2019. 4. 29. · programa para cesion de...
TRANSCRIPT
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INVESTMENT OPPORTUNITY PRESENTATIONLand Details
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• 7.9 hectares / 19.5 acres / 79,000m2 site located on a completely
secluded 1,500 ft / 457m beach front.
• The title is certified, clear and held securely at Notaria (#2)*The office of a Notary Public in Mexico holds far more legal responsibility than the role of a Notary Public in most other countries in the
world. In Mexico, the role is given only to experienced lawyers who are assessed and appointed by the State’s Governor. The NotaryPublic in Mexico has the power to witness and certify important business and civil documents which require absolute authenticity. Theappointment also holds responsibility for the management and secure storage of original legal records. In Mexico, only the Notary Publichas the legal power to process the necessary papers and ensure that legal title is properly passed from seller to buyer.
• The land has been irrevocably removed from the EjidoA Mexican Ejido is defined as a community that has joint ownership of a piece of land, lives on the land and practices joint agriculture
activities on it. Originally, members of an ejido, called ejidatarios, could farm the land, live on it, enjoy it, pass it to their children, rent
parts of it to third parties, but they could never own it or sell it. In 1992 the Mexican government established a policy for regularizing
ejido land called PROCEDE. Programa para Cesion de Derechos Ejidales (Program for cession of ejidal rights). Through this program,
ejidatarios can convert their property to private property, which can then be sold.
* Each individual Notaria is assigned a number within it’s trade area for ease of identification
PROPERTY DESCRIPTION
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• Land is under contract, total purchase price $131,543,148 Mx
• Amount owing using current exchange rates is $6,802,030 Usd
• Further gains are expected due to weakening MX Pesos
• Once final payment is made, Seduction Resorts will hold clear title
PROPERTY DESCRIPTION
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• The land is currently held in an Monex Bank Trust
Banco Monex, S. A., Institución de Banca Múltiple, Monex Grupo Financiero provides
banking products and services in Mexico. The company operates through Currencies,
Stock Market Products, International, Derivatives, Credit and Funding, and Trust
Services segments. On August 20, 2018 S&P Global Ratings affirmed its “BB+/B”
global scale and “mxA+/mxA-1’ national scale ratings on Banco Monex, S. A. This is a
top rated Mexican financial institution.
• Land is valued at $10.8M USD –as at October 21, 2018
• Seduction Resorts PV has a land value appraisal completed by an independent
3rd party Nayarit State certified appraiser Arq. Juan Ricardo Cervantes.
PROPERTY DESCRIPTION
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• Re-zoning is complete
• Land is now officially classified at TH4
• Highest density tourism use
• Allows for up to 60 rooms/villas per hectare
• Federal Beach Concession
• Federal beach concession is currently being amended for a
correction in the property survey related to the “high tide”
water mark. Will be complete Q2-3 2019.
• Federal beach concession allows for commercial use and
approved permanent beach construction.
PROPERTY DESCRIPTION
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Development Status
• Architectural plans 75% complete
• Environmental Impact Study 90% complete
• We have being working very closely with the Federal Government Environmental
PROFEPA –(Procuraduría Federal de Protección al Ambiente) ensuring success.
• Target submission q2-3 -2019. Historical approval period is 90 days.
• Major services engineering 90% complete
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$ Usd
Electrical 500,000$
Fresh Water 250,000$
Waste Treatment 300,000$
Access Road Improvements 350,000$
Overhead, Permits and Supervision 500,000$
1,900,000$
Infrastructure Installation Budget
After completion of infrastructure, management believes
that the land value will increase to > $20 million Usd
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Project Development Timeline
Site Selection
Site Acquisition
Site Removal from Ejido
Site Rezoning
Beach Concession Obtained
Site Preparation
MIA Secured
Building Commencement
Building Construction
Seduction Resort Opening
Q3 2019
Q3/Q4 2019
Q2-3 2019
Nov 2018
Sept 2018
Q3/Q4 2019
Q3/Q4 2019 – Q1 2021
July 2018
Q1 - 2021
Sept 2017-July 2018
Development Activities To DateFees and Legal to remove the land from the Ejido
Property Rezoning
Trust Set up Fees
Road Grading / Improvements
Coring / Soil Testing in Bedrock
Bank Valuation Appraisals
Site Selection and Corporate Admin
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Seduction Land Location
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Seduction Resorts location is 2.5km or 1.5 miles from the town of Lo De Marcos and a 20 minute drive to the popular surfing town of Sayulita and 40 minutes to Punta Mita
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Lo De Marcos
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In Lo de Marcos Mexico, you can enjoy the essence of a true Mexican town. Wide, calm streets, colorful flowering trees, and brilliantly painted façades. This beach community and fishing village have fully embraced the Seduction Resorts development and is looking forward to the positive economic impact of the project.
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Riviera Nayarit is quickly dwarfing Puerto Vallarta and is now recognized as one of Mexico's top major players in tourism development.
Full articles can be viewed with the below links
https://www.bloomberg.com/news/articles/2018-09-12/mexico-s-riviera-nayarit-primed-to-be-the-next-big-it-destination
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https://www.bloomberg.com/news/articles/2018-09-12/mexico-s-riviera-nayarit-primed-to-be-the-next-big-it-destination
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Riviera Nayarit is quickly dwarfing Puerto Vallarta and is now recognized as one of Mexico's top major players in tourism development.
Full articles can be viewed with the below linkshttps://www.vallartatribune.com/top-ten-new-projects-riviera-nayarit/
http://www.mlsvallarta.com/en/blog/real-estate-news/major-projects-slated-riviera-nayarit 11
https://www.vallartatribune.com/top-ten-new-projects-riviera-nayarit/http://www.mlsvallarta.com/en/blog/real-estate-news/major-projects-slated-riviera-nayarit
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Booming Riviera Nayarit Coast
Canuva Residences to open fall 2022
Ritz Carlton to open early 2022
Fairmont Hotel to open early 2022
One & Only Mandarina Resort under construction – Fall opening 2020
Rosewood Hotels & Resort to open fall 2020
St. Regis & Four Seasons Punta Mita
Resorts
Puerto Vallarta
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Construction has now started on the new highway which will reducethe drive time by half (60 to 30 minutes) from Puerto VallartaInternational Airport to Seduction Resort PV. This leg of the project isforecast to be completed December 2020
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Site Pictures
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Geotechnical study is complete and confirms an ideal bed rock structure 3 – 5m below surface. On site materials will be adequate to construct required sea and retainage walls with ample fill available for back filling. There will be no need to import or export natural materials.
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Aerial View / Area Structure Plan / Hotel Rendering of Land and Projects
Seduction Resort PV will be
a 185 room, planned and
purpose built resort
focusing on the burgeoning
clothing optional, adults
only market. The resort will
be all inclusive with onsite
premium restaurants,
nightclub and high end
amenities and targeted to
the affluent and
sophisticated traveler.
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Land Evaluation Document AFull document available in data room
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Land Evaluation Document B Full document available in data room
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Parcela 1277
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