North Caicos  ROYAL REEFS RESORT - PLANNED FACILITIES

The Context
The global economic climate hit the Royal Reefs Resort project last year, leaving this development unfinished.  The owners have now the opportunity to sell the project "as is" and are determined to ensure that the project continues. The project is now released onto the open market for sale.

The Maths
Sale Price $please call - "as is"
Build out estimate $90.000.000
Income from hotel unit sales $165.000.000
Sales to date.$32.000.000
Collected income from sale, $16.000.000 invested into project.
Estimated Value of Hotel to new owner after creditors  $50.000.000 and when completed.

FACILITIES
The Royal Reef is a full service, five star resort. The dedicated staff will provide an unsurpassed level of service and the concierge will assist with anything that is required.

RESTAURANTS -  The RRR has three on-site restaurants incuding fine dining, casual and beach front. East serves a wide varitey of dishes with a unique Caribbean and European flair. Drinks are also available from the lounge and room service is available.

CONFERENCE CENTER -  The RRR conference center can easiliy accommodate groups of up to 200 people. A variety of meeting rooms are available for smaller functions and private gatherings.

RESORT PROPERTY - The RRR property is just over 17 acres. The landscaped grounds include many beautiful whirlpools and a spectacular stretch of white sand beach.

SPA - Professionally designed and managed, the RRR Spa provides a wide range of treatments. Attentive staff will ensure that your visit will be everything that you have imagined.

FITNESS CENTRE - The RRR fitness center features a wide variety of cardiovascular conditioning and weight training equipment. Professional staff are available to provide any assistance that may be required.

SHOPPING - There are a number of shops located on the RRR property, including a clothing boutique, art gallery, general store and dive shop. Other charming stores are located through North Caicos and the nearby islands.

WATER SPORTS - From diving to snorkeling, sailing to sun bathing, RRR provides a wide variety of activities for your enjoyment. Fishing charters, clay trips to uninhabited islands and eco-based tours are available from the resort.

TENNIS - Two lit courts are available for the use of residents and their guests

GOLF - AN 18 hole championship golf course is located on Providenciales. Day trips can be arranged by our concierge. Plans are currently under way for a new golf course to be built adjacent to the RRR.

KIDS PROGRAMME - The RRR provides a variety of programs for kids of all ages. Babysitting is also available.

Reproduced from the original marketing material.

Air Travel Times
Atlanta (ATL)  2:45 Citation V Ultra
Boston (BOS)   3:25 Citation XLS/Excel
Charlotte (CLT)2:40 Citation V Ultra
Dallas (DFW)   3:45 Citation XLS/Excel
Ft. Lauderdale (FLL)   1:30 Citation V Ultra
Houston (IAH)  3:30 Citation XLS/Excel
Los Angeles (LAX)  6:15 Citation Sovereign
London (EGLL)  8:50 Gulfstream V
Miami (MIA)1:30 Citation V Ultra
New York (TEB) 3:10 Citation Excel
Philadelphia (PHL) 3:10 Citation V Ultra
Toronto (CYYZ) 3:40 Citatation XLS/Excel

The Opportunity
Interested and qualified parties are invited to contact Rowland Hull, to connect with the owners for more details and further discussion.

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