investment opportunity presentation land details · 2019. 4. 29. · programa para cesion de...

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INVESTMENT OPPORTUNITY PRESENTATION Land Details 1

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  • INVESTMENT OPPORTUNITY PRESENTATIONLand Details

    1

  • • 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

  • 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

  • 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.

  • 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

    10

    https://www.bloomberg.com/news/articles/2018-09-12/mexico-s-riviera-nayarit-primed-to-be-the-next-big-it-destination

  • 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

  • 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.

  • 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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