Make your own free website on Tripod.com
ROYAL RESORT HOTELS !!!
Home | Photo Gallery !!! | AMAPOLA LODGE & TOURIST CENTER | ROYAL TORTUGUERO
ROYAL CARIBE

rc-renderingsm-border.jpg

RESORT HOTEL, CONFERENCE CENTER & CASINO
Northern Caribbean Coast, Costa Rica

E-Mail

 
 

Executive Summary:

1. Project description

2. Project Unique Features

          Costa Rica

          Tourism in Costa Rica

          Caribbean coast

          Royal Caribe

3. Funding required & Security

4. Financial Projections

5. Use of Funds

6. Ownership & Management

 

1. ROYAL CARIBE PROJECT :

A five star Beach Resort Hotel, with design plans and zoning approved by ICT, in Costa Rica is in pre- construction stage. Located at the gateway entrance of famous eco-tourism zone on the northern Caribbean coast of Costa Rica,

ROYAL CARIBE RESORT HOTEL, CONFERENCE CENTER & CASINO is part of a planned destination resort village- MAR CARIBE-THE BEACH RESORT. This popular tourist destination area is known for Tropical Jungles, Turtle eggnesting, Canals, boating, Surfing, Fishing, National parks, Biological reserve, Plantations and quiet beaches. This location is served by a beachside access road and is close to a cruiseship terminal, major city center and an Airport.

Corporate mission of Royal Caribe is to develop a full service upscale hotel providing tourists with an interest in ecotourism, fishing and tropical flora and fauna, with comfortable facilities & personalized guest services at competitive prices and to be a profitable business venture.

Royal Caribe Development program consists of Accommodations, Casino, Conference Center, Restaurant, Bars, Business Center, Discotheque,Tourist Center, Boutique & Gift shop, swimming pools & health spa along with outdoor sitting areas, Band stand, kiosks, Gazebos and shelters.

Accommodations will include 144 suites of single & double room suites total 188 Bedrooms, each fronting onto wide balcony to enjoy the Ocean & Beach view (rain or shine). Accommodations provide a variety of single(100) & double(28) bedroom suites in the 128 Rooms Hotel block, and 16 two bed room villas (32 bedrooms) each with living room. Conference Center capacity is for 400 persons. Casino, Discotheque & Health Spa are grouped together in Club house structure with a direct public access. A large swimming pool along with a Bar-B-Q pit, poolside bar, several Gazebos, covered sitting areas & benches throughout the property. Restaurant capacity is 280 persons and Discotheque for 100 persons and Business center will have 12 offices for rent.

Royal Caribe is geared towards International Tourist and Business travelers who enjoy five star quality accommodations and facilities; and enjoy Beaches, Eco-tourism, Fishing, Health Spa, quiet Retreats, R&R and Caribbean Culture and Entertainment .

 

2. PROJECT UNIQUE FEATURES:

a. COSTA RICA: for investors

Costa Rica is a stable, democratic country which has experienced significant growth in attracting international investment in recent years, due in part, to its reputation as a nation of peace and democracy and its policies relating to conservation and environmental protection.

International Country Risk guide ranked Costa Rica among the top ten countries in terms of risk for investors based on the economic, financial and particularly the political environment of the nations.

Private ownership of land is protected under Costa Rican laws & by its constitution foreigners enjoy the same ownership rights as its citizens. The land registry system in Costa Rica is similar to the Torrens system used in Canada and a fully computerized Central Property Registry is used to record both title documents and survey plans for properties.

Corporate ownerships is open to foreigners and nationals alike and enjoy the same rights and benefits. After USA and Canada, Costa Rica is increasingly becoming an attractive place to invest and visit in northern continent of Americas.

Costa Rica offers efficient modern International Banking system. Banking system is modernized and facilitates international electronic transfers through commercial and merchant Banks; and financial corporations.

b. TOURISM IN COSTA RICA: a growth industry

Costa Ricas unique natural beauty, warm and sunny climate, peaceful political environment, and naturally friendly people have combined to make Costa Rica a prime destination for tourists which is reflected in the remarkable growth in tourism in Costa Rica.

Recent government statistics show that tourism in Costa Rica has grown by an incredible 72% over the last four years, an annual increase of 18% annually since 1997. Specially considering the events of 09/11, this growth in tourism for Costa Rica reflects a new realty of traveling to secured and peaceful countries of Americas.

Tourism is a major national source of income and exceeds US1.3 billion dollars annually making it the second largest industry in Costa Rica.

In an effort to promote its growing tourism industry, Costa Rica government has adopted a number of policies and incentives designed to support private initiative in tourism industry, tourism related services and resort developments.

c. CARIBBEAN COAST: emerging major tourism destination

Caribbean coast is emerging as a major tourist destination zone for ecotourism enthusiasts and visitors wishing to enjoy all the diversity Costa Rica has to offer. Traditionally, pacific coast has provided much of the tourism activities for Costa Rica, but growing interest in ecotourism, tropical flora & fauna, active sport & fishing tourism, conservation of endangered animals and cultural tourism has made Caribbean coast a major emerging tourist destination as it offers these attractions in abundance.

With the structural change occuring in tourism industry from "Sun & Beach" tourism to "Something more than Sun & Sand", the tourism market demands are increasingly seeking destinations that provide a diversity of opportunities and tourist attractions involving "Natural environment & Culture" as the emerging new markets for enthusiasts of ecotourism, adventure water sports and endangered flora & fauna. Caribbean is one of the major zones in Costa Rica to offer these and including traditional tourist attractions of Sun, Beach & Entertainment. Over the last decade Caribbean coast has slowly & steadily become a major tourism destination and increasing its share of tourism market of Costa Rica.

Caribbean coast enjoys abundance of Sunshine & Rain, making it a year round warm & green area. Out of 10 rain zones in Costa Rica, caribbean coast is the 5 th making it neither the driest or wettest area in the country. Caribbean coast enjoys 1800 hours of Sunshine a year, avg 5 hrs a day. This unique balance of sun & rain weather makes it truly a natures paradise with an incredible amount of diversity in tropical Flora & Fauna to make it a major ecotourism destination.

Government has recognized this growth in tourism on the Caribbean Coast by increasing major public investments in tourism infrastructure involving Cruiseship terminals, City Center, Bus Terminals, Airport and Roads and in the protection of natural environment & endangered life. This growth is evident by the increase in ecotourism visitors to Tortuguero Canal zone, on the northern caribbean coast, making it the number one ecotourist attraction; tremendous increase in cruiseship arrivals, from 3 in 1993 to 76 currently and bookings of 146 arrivals for year 2003 on the Caribbean coast terminals; arrival of international charter flights to the caribbean coast airport of Limon and planned expansion to make it a major international terminal for the country on the Caribbean coast; large public and private investment in commercial, industrial and Tourism related services; and revitalization and beautification projects for City center.

Ongoing government interest and investments in Caribbean region together with the increased focus on Caribbean economy & the political environment created by the new govt headed by a president who hales from the Caribbean; has made this region the fastest growing economy in the country.

 

d. ROYAL CARIBE: ...unique development opportunity

Royal Caribe enjoys some unique and important features:

1.Royal Caribe's design plans and zoning was approved by ICT. It is ready for immediate construction start. This is the only Zoned development property in this area for tourist projects and titled to the 50 meter line of the oceanfront.

2.Foreigners who invest in the Royal Caribe project may qualify for Residency status in Costa Rica.

3. Royal Caribe will be the First Five Star Resort full service Hotel on the Caribbean Coast of Costa Rica.There is no competition for this level of service.

4. Royal Caribe will have the First Casino operation on the Caribbean coast of Costa Rica. There is no Casino operation in the area.

5. Royal Caribe Resort is the last private Hotel property, accessible by a direct road access from the highway, city of Limon, Cruiseship Facility and Airport on the northern Caribbean Coast of Costa Rica.All other tourist establishments are accessed only by boats as there is no road north of Royal Caribe property on the coast.

6. The project is structured and ready for immediate SALE and transfer.

7. Royal Caribe is at the gateway entrance of a popular eco-tourism destination, an increasingly popular tourism sector, and is close to a fast growing Cruiseship facility, Major City center and an international Airport.

8. Caribbean coast is in a growth mode and with increased Government and private investment emphasis in infrastructure ( City Center, Transportation hubs, Airport, Roads, Public utilities & Tourist facilities) has become the fastest growing market in Costa Rica.

 

3. FUNDING REQUIRED & SECURITY:

Land acquisition, construction, operations and management expenses todate have been financed by the principals of the project, individuals & equity shareholders and by repayable loans. At present Royal Caribe is seeking further cash infusion from outside sources either by way of equity funding or by Debt funding. In case of equity funding, Royal Caribe will negotiate an equity participation for the investor. And in case of debt funding, a security is available by way of a security/charge against Royal Caribe Land and buildings and improvements.

4. FINANCIAL PROJECTIONS:

The financial projections are based on total buildout and & full operation with room rates calculated at average US$ 137. for two, a very competitive rate for this level of service & quality of resorts. Projections show that the break even point for the resort operation works out to be an occupancy rate of 37% at room rack rates discounted at 50%. This analysis shows that Royal Caribe as a business, will be successful, profitable and feasible.

5. USE OF FUNDS:

Funds are to be used for Construction & F.F.& E, Soft Costs, Vehicles, Tourist Vans & Boats, Contingencies & Costs, payables, Funding & Closing expenses.

Construction & Land represent 83% of total investment.

 

6. OWNERSHIP & MANAGEMENT:

Royal Caribe project is owned and managed by Royal Caribe SA, a Costa Rican corporation. Royal Caribe SA, funding sponsor, was formed in 1993 as a single project corporation for the management and operation of Royal Caribe resort hotel project. Corporation is privately held by a group of individuals with the power of attorney vested in the corporation President to make all corporate financial and legal decisions.Principals of the company as a group have extensive experience in the real-estate development industry and have broad experience in general management, administration and corporate finance. With funding in place, Royal Caribe SA will retain a well known Brand name international Hotel Management & Operations Group for the operations of the Resort Hotel,Casino & Convention Center.

Royal Caribe Resort Hotel, Conference Center & Casino could start construction within six weeks of closing of this funding and can start operation within twelve months.

Click here for page: Photo Gallery

rc-rendering-2.jpg

E-Mail: click here to contact project sponsors.

Visitors:


free hit counter