1.
Overview of Coomera Garden Hotel Gold Coast Project
-
Project
Capital Size: $109million AUD
-
Project Brief: Coomera Garden Hotel Gold Coast is situated in 486 Foxwell Road,
Coomera, and is designed to be a 4.5 star hotel and will join the franchising
business of an international Hotel Management Group and serves as an
international hotel.
-
The hotel has 86 hotel service apartments each has internal floor area of 59m2
and 111 deluxe hotel rooms with 32 m2 each , 2500M2 shopping arcade including
Asian restaurants and Bar, Tavern, Asian Spa and Massage, Wedding Chapel
and Multi-function Hall as well 10,000 m2 Wedding Theme Garden.
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The subject Hotel has already a Development Approval from Gold Coast City
Council in July 2016.
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Project
Settlement: Year 2021
2. Investment in Building 2 or 3 in 43 Service Apartments
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Total Investment $23,779,000, GST
Inclusive
-
GST component is $2,161,727 and Net
Price $21,617,272
-
NP per Service Apartment =
$502,727.25
-
Total No of Service Apartment = 43
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All Two Bed Apartments with standard 4.5 Star Hotel
Inclusion see inclusion list
-
The Break Even Analysis is found at the room occupancy rate of 45%, where
the trading income is $1,632,280 and the total expenses is $1,302,545 and the
NPADBT is $329,735
-
The stress testing shows that the NPADBIT is
ranged from $635,788 at 50% to $1,859,998 at 90% assuming average $260 rental
per day at 70% room occupancy rate.
Room
Occupancy
|
50%
|
60%
|
70%
|
80%
|
90%
|
NPADBIT
|
$635,788
|
$941,840
|
$1,247,893
|
$1,553,945
|
$1,859,998
|
ROI
|
2.67%
|
3.98%
|
5.25%
|
6.53%
|
7.82%
|
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The Building 2 or 3 is sold for individual management under the
same hotel license from CG Hotel Gold Coast.
3.
Project Management
-
Hutchison will the
appointed Builder and Project Management Company which is ranged as no 1
builder in Queensland in size and is experienced to build 4 to 5 star hotels in
Queensland.
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Ralph Preager of M
& K Lawyers is appointed as Project Solicitor.
4.
Investment Process and Timeframe
-
Confidentiality
Agreement. A
Business Confidentiality Agreement is to be signed by both parties and will
have 30-45 days due diligence investigation period.
-
Access to IM or DD
Data. The
following documents are ready for DD Data:
o
Development
Approval from Gold Coast City Council
o
Approved
Plan from Gold Coast City Council
o
Hotel
Feasibility and Operation Study
o
Construction
Quote from Hutchison Construction Group
o Total
Development Budget as prepared by an appointed Project Manager.
5. Payment
Terms and Conditions
-
30%
sign Hotel Investment Trust Agreement or
-
70%
at settlement.
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