Freehold Caribbean Investment Property Up to 50% below market value 10% rental guarantee for first two years 50:50 Net room rate share from year three

• Freehold Caribbean Investment Property

• Up to 50% below market value• 10% rental guarantee for first two

years• 50:50 Net room rate share from year

three• Then potential yield IRO 30%• Furniture included• 30 days free usage per year

(excluding SIPP) • Prices £120,000• 100% Finance available subject to

status

Overview

Track Record

Buccament Bay Resort – St Vincent & The Grenadines

Substantial increases in value

Phase 1 opened Aug 2010

4 bed Villas Originally sold at £240k

Now £1.1m

Two Rivers – Dominican Republic

Launched August 2007

Prices up over 100%

Studios starting at £75K – now selling at £185K

• Harlequin Property is a UK based, family owned company

• Harlequin is one of the largest developers in the Caribbean

• Projects supported by local government

• All land unencumbered

• Suitable for UK SIPPs

Security

Our Team

West Paces Hotel Group are a high-end, boutique, 6* brand which include the following :

• Solis Hotels• Capella Hotels• Auriga Spa

Led by the former president of Ritz-Carlton, Horst Schulze, West Paces are a world renowned group, who will be bringing their track record and quality to aspects of the Marquis Estate including:

• The Gary Player Golf Hotel• The Golf Clubhouse• Beach Club

West Paces Hotel Group

Jones BakerJones Baker are a distinguished US based interior designer. We work closely with them in the detail of public areas, guest rooms and restaurants. Previous work includes:

• Four Seasons Hotels & Resorts• Rosewood Hotels• Hyatt Hotels

BDO6th Largest auditing company in the UK, 7th largest in USA, the World’s 5th largest network with 1095 offices worldwide. Founded in 1903, then in 1994 merged to become BDO

• Already auditing our companies for us in the Caribbean

Joerg Roterberg – Vice President of OperationsJoerg has joined us fresh from One and Only’s Le Touessrok in Mauritius and boasts a proud CV including:

• Galley Bay Hotel, Antigua• Peter Island Resort, British Virgin Isles• St. James Club, Morgan Bay, St. Lucia

Garrett Ronan – Vice President of Food & BeverageGarrett also brings with him a very impressive CV. He will be responsible for F&B across all developments. Throughout his 22 years in the industry, he has worked for hotels such as:• The Beverly Hilton, Beverly Hills• Boston Harbor Hotel, Boston• The Waldorf Astoria & Waldorf Towers, New York

Unit Types

* Computer Generated Images used

460 Sq Ft Studio Apartment

1139 Sq Ft 2 Bedroom Apartment

2 bed Wrap Apartment 1336sq ft

Buccament Bay Watersedge 3 bed Penthouse Apartment 3850 sq ft

2524 Sq Ft 4 Bed Plantation Villa

900 Sq Ft 1 Bed Superior Cabana

2530 Sq Ft 3 Bed Penang VillaGround Floor

1st Floor

Computer Generated Image



Hotel Facilities

Sports Academy

Football – Liverpool FC Soccer SchoolTennis –Pat Cash Tennis AcademyGolf – Gary Player Designed Course Diving & Water sports – Padi Qualified instructorsFitness Centre

Professional Sports Panel, led by Andy Townsend

The Harlequin Sports Academy is a fundamental part of The Harlequin Foundation which is being set up to promote improved education throughout the Caribbean.

Gary Player Affiliates

Restaurants

• Trader Vic’s

• Arlecchino

• Ginger & Co. Asian Fusion

• Jacks

• Masquerade Nightclub

• Oliver’s Wine Bar & Cigar Lounge



AlaiaExclusive spa and secluded spa villasPrivate pools & sunken outdoor bathsBeautifully landscaped gardensOriental style contemporary luxuryOutdoor rain showerIndoor & outdoor treatment rooms offering:Massages, beauty treatments and holistic therapies, yoga, Pilates, Reiki and meditation

* Computer Generated image



• Kenwood Travel - £4681 for the week http://www.kenwoodtravel.com/holidays/?

search_id=627576&property_id=1619

• Thomas Cook - £4592 for the week http://book.thomascook.com/pub/agent.dll

• Expedia £4510 for the week http://www.expedia.co.uk/pub/agent.dll

Based on two adults sharing for Jan 2011

100% Finance*

*Subject to status

Lazy Money

Example

Purchase price £200,000

Reservation fee £1,000

30% deposit £59,000

Interest on £59,000 @ 6% p.a. over 24 months breaks down to £295 per month.

This is paid by HP. £7,080 added to the purchase price upon completion.

Stage Payments• - by the completion of the foundations 25%

• - by the completion of the Raw Construction 25%

• - by the completion of the Finishing Works 15%

• - by completion of the Said Property 5%

• If not paid, interest of 7.25% will be charged, however this is CAPPED at 18 months on an apartment and 12 months on a villa

ExampleAnticipated Value upon completion £400,00070% LTV Mortgage £280,000Outstanding Amount £140,000Stage Payment interest approx £10,000Loan Interest £708030% deposit £60,000Cash return £62,920

Year One 10% Rental Guarantee £20,000 Mortgage @ 7%

£19,600Positive cash flow £400

Year Two 10% Rental Guarantee £20,000 Mortgage

£19,600 Positive cash flow

£400

Maintenance approx 1% of purchase price. £2000 per year.

Example

£450 per night x 70% Occupancy = £114,975INVESTOR TAKES 50% = £57,487.50

Year Three

50% net share £57,487.50

Mortgage @ 7% £19,600Maintenance £2000Positive cash flow £35,887.50Net yield 17.9%

Break Even

• Purchase Price - £200,000• Costs approx - £21,600

Therefore we would need to charge £85 per night based on 70% occupancyThat’s £21.25 per person (4 adults)

100% occupancy breaks down to £59 per night.

Too Good to be True?

Marquis Estate

3500 units x £200 per night = £700,000

£700,000 x 1 month (30 days) = £21,000,000

£21m x 1 year = £252,000,000 PER YEAR

50% Occupancy = £126,000,000 per year.

Exit Strategy • Opportunity to resell the contract prior to completion – 100% finance offered to new buyer – subject to status

• Complete on the property and restructure the finance End mortgage – 70% loan to value developer loan - reinvest

• Complete on the property enjoy the rental income

• After completion resale office on each site

Resorts

St Lucia – Marquis Estate

• The world bank has placed St Lucia in the top 30 countries in the world to invest

• “Figures show that in May 2010 the volume of searches was 177% higher for Caribbean property than in May 2009.” - Property Wire

• 9,000 airline seats last year to 24,000 seats for 2010.

• 197,042 visitors from January-July 2010

• 14.3% increase from 2009

• 436,757 Cruise passenger arrivals, 1.4% increase 2009

• Up to 60% below property Prices in Barbados

• Buying in at an early stage – completion date: 2013 – maximum capital growth

Why Invest in St Lucia?

Statistics from One Caribbean

St Lucia’s first master resort• Gary Player golf course and hotel

• Pat Cash tennis academy and hotel

• Liverpool FC Academy

• Performing Arts Academy

• ESPA Spa


Computer generated image



The Landings Marquis Estate

1 bed apt £330,000 1 bed apt £180,000

2 bed apt £365,000 – 450,000 2 bed apt £200,000

3 beds £522,000 – £845,000

Cap Estate - Villas Marquis Estate Villas

1 bed £445,000 3 bed £847,000 2 bed £480,0004 beds £1,047,000 4 bed £515,000

Purchase Comparables

Rental Comparables

Jade Mountain

Average nightly rate for basic unit £697 per night

Cap Maison

Basic garden view room an average nightly rate of £3302 Bed Unit nightly average rate of £875.93 per night

The Landings

One bedroom suite average £373.86

Barbados – Merricks

• Most established market in the Caribbean• 271,840 visitors Jan-June 2010 increase of 3%• 368,327 Cruise Passenger arrivals • Track record of growth - “In the recorded history of property on the island, property values have

never declined” - ‘Cluttons’, 2009

• Direct comparables 50% UMV• Considerable need for 5* Accommodation• Average Capital Growth of 12%• Merricks completion date – 2013- Source One Caribbean

Barbados Key Facts


Ground Breaking at Merricks 29th September 2010

135 people in attendance including government officials, the press and Pat Cash!

The Crane (Competitor) Merricks (Harlequin)

1 bed apt $812,000 Studio apt £235,000(Approx £510,000)

2 bed apt $1,364,000 2 bed apt £365,000(Approx £860,000)

Massive Market Discount

* $ -> £ Exchange rate correct as of October 2010

The Crane Hotel

2 Bed 3 Bath Apartment - $1.3-1.9 Million

(Approx £860,00 - £1.2 Million)*

Merricks Beach Resort

2 Bed 2 Bath Cabana - £670,000

Room Rates

Price vary between £225 - £1460* per night.

* Exchange rate as at October 2010

Comparables

Dominican Republic

Computer generated image

• Established market Jan-Jul 2010 welcomed 2,616,486 visitors 3% increase

•Dominican Republic welcomes in excess of 3.5 million tourists a year (29% of the Caribbean total) who spend in excess of $3.4 billion. Tourism accounts for 24% of GDP (High season – December to April).

• Puerto Plata has been a recognised tourist destination since the 1990’s

• Main Market is Americans, followed by European Visitors

• Minimum affect from the Global Recession –Republic welcomed 3,992,303 visitors in 2009.

Dominican Republic Key Facts

Source One Caribbean

Development Completion Dates:

The Hideaway at Las Canas - Mid 2012

Two Rivers - Mid 2013

Las Canas - Late 2013

Dominican Republic Key Facts





Iberostar – Costa Dorado Sun Village Resort & Spa

Average of £200/night Average of £410/night 2011 all booked up

Casa Colonial Beach & Spa

Average of £180/night

The Bungalows

Average of £235/night

Rental Comparables

St. Vincent & the Grenadines


• INTERNATIONAL Airport – Due for completion 2012

• Emerging market

• One of the most underdeveloped islands in the Caribbean

• Largest Hotel developer in St Vincent & The Grenadines

• Make maximum profits in an emerging market – Property Prices 1/5 of West Coast Barbados and ¼ of West Coast St. Lucia

• Tourism has become a top priority for the government

• 70,574 Cruise visitors Jan-May 2010, and 30,229 visitors Jan – May 2010

St. Vincent & the Grenadines Key Facts

* http://www.onecaribbean.org/statistics/2009stats/default.aspx


• Young Island (http://www.youngisland.com)

Rates: £125 - £465 pn

Notes: – no electricity or phone lines, showers outside!

• Beach Combers Hotel (http://www.beachcombershotel.com/)

Rates: £38 - £170 pp

Notes: Very dated, no resort facilities except tiny swimming pool.

• Grenadine House (http://www.grenadinehouse.com/)

Rates: £100 - £170 pn

Facilities: Restaurant & Bar, Swimming Pool (Inland – no sea view or beach)

St. Vincent Resorts

• Raffles-Canouan Island $680-$8400 per nighthttp://www.raffles.com

• 4* Young Island Resort $448-$1,222 per nighthttp://www.youngisland.com

• Cotton House-Mustique $615-$4560 per nighthttp://www.cottonhouse.net/

• Petit St. Vincent From $1020per night – peak season

http://www.psvresort.com

(These are based on two adults sharing)

Grenadine Resorts

Documents

Freehold Caribbean Investment Property Up to 50% below market value 10% rental guarantee for first two years 50:50 Net room rate share from year three