milagro hilton final
TRANSCRIPT
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Master Plan – Milagro del Mar Beach Club Hotel
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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
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Master Plan – Milagro del Mar Beach Club Hotel
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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
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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)
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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
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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
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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
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Central Pacific Coast
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Amenities
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Tourist Activities
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Socially Responsible Development
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“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
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Baseball AcademyInternational Baseball Academy of
Central America (IBACA)
• First in Central America• Player Development and Education• Fantasy Camps• International Tournaments• Professional Baseball to Gran
Pacifica
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Baseball AcademyFormer Major Leaguers:
Reggie SmithDave StewartBrad Lesley
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Nicaragua
Belize
Pacific Costa Rica
Panama
Caribbean Costa Rica
Costa Rica Highlands
Nicaraguan Tourism is an Emerging Market,
Providing Value Opportunity
Opportunity Curve
Mexico
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Nicaragua – The Only Growing Tourism Destination in Central America
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The Opportunity is Now
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