5 Star Hotel Resort And Spa With Luxury Residences|British Columbia West Coast|Canada - JIRS

The project developer owns 136 acres of oceanfront land in one of British Columbia's West Coast inlets. A luxury mountain and oceanfront resort destination will be developed on the parcel. The resort hotel will include restaurants, lounges, boutique retail, spa, and fitness centers, as well as other commercial facilities. They plan to build luxury residences around the resort and their marina slips, which will be sold and then rented by the Hotel Resort on behalf of its owners to generate a split revenue income.All necessary entitlements and zoning permits have been obtained and approved by both local and federal governments, awaiting for detailed design of the project. Even though the total cost of the project is about $181M, the Villas and Marina Slips are predicted to fetch about $181M on the market, leaving the project an enjoyable 25M in annual revenue as projected by an international brand operator with experience in running these unique resorts.It will manage the hotel and market the sale of the villas and their marina slips, and OMA is awaiting signature upon securing funding. The project developer has an opportunity to acquire additional land. It's an adjacent government owned mountain oceanfront of several thousand acres, for subsequent commercial and profitable projects.
USD Year 1 Year 2 Year 3 Year 4 Year 5
Turnover
21,776,279
29,003,179
35,567,222
37,926,928
39,038,626
EBITDA
7,550,130
11,548,944
15,694,465
17,229,693
17,743,557
%
34.7%
39.8%
44.1%
45.4%
45.5%
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