lake anna: natural reflections january 2008 spotsylvania, virginia usa
TRANSCRIPT
Lake Anna: Natural Reflections
January 2008Spotsylvania, VirginiaUSA
Natural Reflections Overview $120 Million Project
5 Star Hotel/ Condominium with Lakefront views
Self Contained Infrastructure
Eco-Friendly Design
Luxury Retreat Environment
Unique Opportunity
Experienced Development Team
Natural Reflections Development
Multi-phase Development Project
Strong Operational Partnership (Marriott)
Experienced Development Teaming
Supported by Spotsylvania County
Close Proximity to New Golf Course Community
Natural Reflections DevelopmentLocation Destination
Natural Reflections DevelopmentAerial Site View
Natural Reflections DevelopmentProject Highlights
200 Key Hotel/ Condominium
Conference Center
Fine Dining Restaurant
Entertainment Lounges (specialty VIP lounges)
5 Star Spa
Casual Dining
Sports Bar
Natural Reflections Development
Phase I: Facility construction w/ 120 guest rooms Hotel Amenities Spa Fine Dining Informal dining & sports bar
Phase II: 80 guest rooms
Schedule (Conceptual)
Natural Reflections DevelopmentMarket Study
PKF Marketing Consultant
Fourth Largest Hotel/ Condominium in Virginia
$750 Million market we will capture 5% of the market share
$3.1 Million per month
Natural Reflections Development
Income: $180,120,000 Advance sales price:
$1,501,000 Sales: $25,216,800 Advance sales/Marketing
cost: $210,140/$17,511.67
Project Financing
Natural Reflections Development
Developer Fee: $27,018,000;15%
Land Purchase: $5,592,400
Hard Cost: $90,000,000 Average Unit Hard Cost
$750,000 Soft Cost: $18,012,000;
10%
Project Financing (Continued)
Natural Reflections Development
Contingency: $14,280,800; 8%
Cash requirements Start-up: $5,592,400 Investment equity:
$26,179,140 ROI: 28.35% = $27,018,000
divided by $31,771,540
Project Financing (Continued)
Natural Reflections Development
Provide temporary staffing in all areas and assist in the hiring of permanent management staff
Training is two phased: At their national training facility On-the-job training at the Lake Anna
Hotel
Hotel Management Plan (Marriott)
Natural Reflections Development
Located in Spotsylvania County, Virginia Multi-phase development Hotel/ Condominium
Local Community Support Key Players
FoxCor,LLC Marriott L.W. Associates, LLC PKF Marketing Consultant Rinker Land Planning Campbell, Veltri &Clark Accounting Firm
Summary
Natural Reflections Development
Projected Project Schedule Phase I: 120 room facility Phase II: 80 rooms
Market Study $750 million market we will capture 5%
Projected Financing Investment opportunities
Summary Continued
Natural Reflections Development
Questions