SHAKEEL FAZAL
Dubai (ARE)
Role(s):
Manager/Supervisor
Elements
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Startup
Location:
Hua Hin
Industry:
Real Estate
Year Founded:
2007
Number Employees:
1-10 people
Description:
We are a privately-owned real estate development company with one project in Hua Hin, Thailand. As I write, we have: part-paid for the 47 acre, 117 Rai site (46% of $3m (purchase price) paid. The land is currently valued at $5M)carried out an environmental study (with positive results) secured planning permission for resorts and residences developmentcommissioned engineer's report and designs to blueprint stagecommissioned architect's site, resort and villas designs cleared the site (it was formerly a pineapple plantation)excavated wells for watering the plants and lawned areas of the developmentsecured a top-tier resort manager with 13 international resorts currently and three more under constructiona fully-fitted showroom/sales office, with integral staff office space and accommodationsigned terms of business with estate agents in Thailand (Hua Hin and Bangkok), Dubai, Hong Kong, China, Japan, Singapore, Korea and Taiwan We currently have no borrowing in place. We wish to develop 4 showhouses and associated infrastructure and we seek borrowing to that end. We are looking to borrow USD2,000,000.00. I enclose a suite of paperwork, outling the development and providing detail that will hopefully Elements master plan 24 06 08 shows a layout of the site with A (green), B (yellow) and C (pink) zones: A will be developed as 25 "trophy villas" to be marketed and sold to wealthy Bangkok residents and foreign investors with a high degree of flexibility and purchaser design input.B is the resort. Resort accommodation comprises 35 villas that each offers up to 3 keys, totalling approximately 280 guests. A further 24 x 1-2 bedroom detached suites (approx. 72 guests) each with its own private pool & jacuzzi. At the centre of the resort is the Atrium clubhouse, which features 2 restaurants with 190 covers, bar areas for additional diners, a spa with 8 treatment rooms, a gym, creche, media rooms, boardrooms and business centre. The clubhouse overlooks the 5000 sq. mtr lagoon swimming pool containing its own "island" with integral bar, surrounded by an 85 mtr. artificial beach with 600mm deep sand and an additional poolside beach bar.C will be developed as a separate time-share holiday resort of up to 400 2-bedroom bungalow units with a central clubhouse/pool/restaurant resort area. Zone C will be launched in phases of 50 units. Our resort manager currently manages both investor-owned and time-share resorts and has its own separate, highly-successful sales teams for each type of development. Executive summary: a one-page, high-level summary of the development. Engineer' s profile (self-explanatory). Design Peak profile (the architect). 3-year P&L forecast - does not take into consideration inflation 3-year cashflow - does not take into consideration inflation Hua Hin compset - shows the top 6 Hua Hin hotel occupancy rates, illustrating that the entire year is "high-season", with parts being "peak season". 4 project cost estimates - these are all produced by the architect, who was asked to ensure they "over-egged" costs to avoid serious contingency needs. We have also produced PowerPoint presentations that we have made to estate agents that include high-definition architect's images of the development as a whole and each villa. The main presentation is however 37Mb as a result of the imagery. I can have it emailed to a webstore for you to upload, if you wish. We look forward to hearing from you.