Villas del Mar is a luxury boutique resort comprised of private, individual villas uniquely

built over crystalline waters that gently embrace the shores of a secluded island in the Bocas del Toro archipelago. These privately owned, luxury

villas combine to operate as a truly unique, upscale boutique resort. The savvy investor,

seeking a high-income producing property in a natural environment, will achieve profitable

results by owning a share of the luxury villas, community area and private island.

Villas del Mar’s architecture and design emphasizes a compassion for the natural

environment. The hard woods, soft palette and clean lines of the architectural design, blend

harmoniously with the natural environment of the tropical islands. Eco-friendly features are

incorporated without compromising modern comforts of the Western lifestyle. Modernity and

old world charm combine in a natural setting, making Villas del Mar the ultimate island

hideaway.

Villas del Mar is located in the unspoiled archipelago of Bocas del Toro, Panama, where investments in tourism produce undisputable

results. Projected tourism growth in Panama, in addition to the country’s attractive investment

opportunities, offers sophisticated investors high-value, income producing properties now and into

the future.

Villas del Mar – A romantic getaway and private retreat offered to nature lovers and those who know how to combine business with pleasure!

Make a safe investment for high Make a safe investment for high returns!returns!

Imagine yourself next winter vacationing in your own private luxury villa, enjoying the warm weather with a soft ocean breeze, natural beauty surrounding you and the romantic

atmosphere of Villas del Mar, all while earning a great income through your investment.-----------------------------------

Villas del Mar – More than just an income producer!

Why Invest in Villas del MarA Bocas del Toro Eco-Resort

Location• Bocas del Toro Zone 2 “Special Tourism Zone”: Tax benefits • Pristine, secluded, private island• Adjacent to Marine Park• Abundant marine life• Minutes from main island• Easily accessible from major airports• Plenty of land and water based activities

Tourism• Panamanian Tourism Institute investing $39.5M in advertising • Hotel room demand greater than supply• High-income travelers• Approx. 1 million visitors per year (2006)• Expenditures over $800M (2006)• Tourism growth expected to continue • Bilingual labor force• Modern transportation infrastructure

Investments• Own share of high income-producing villa & community areas• Achieve ROI in 6-8 years – realistic occupancy of 70-85%• 1st year below market daily rate – 10% increase each year thereafter• Reach market daily rate in 4th year• US Dollar is legal tender• Stable government• Tax incentives (Law No. 8)• Investment Stability Law: equal rights for nationals & foreigners• Low inflation; one of healthiest economies in Latin America

The Private Island

Villas Gourmet RestaurantBoathouse & Sports Bar Office Sandy BeachOcean Pool & Deck

Representation of Villas del Mar Resort

For illustrative purposes only.

Deck/Walkway

Panama & Bocas del ToroRepública de Panamá  (Republic of Panama)

Geographical Coordinates: 8°58′N 79°32′W, -79.533

• Location: Central America, bordering Cost Rica • Capital (and largest city) – Panama City• Languages – Spanish (official), English• Ethnic Groups – 70% Mestizo, 30% other (Trend:

Increasing western population)• Government – Constitutional Democracy• Total Area – 30,420 sq mi (78,000 sq km)• Population:

o 3,309,679 (July 2008 estimate)o Annual growth rate: 1.7%

• GDP – $34.81 billion (2007 estimate)o Per capita: $10,700o GDP growth rate: 6.4%

• Currency – Balboa (PAB), US Dollar (USD)• Time Zone – EST (no daylight savings time)• Driving – on the right• Medical – Excellent health care services• Security – Low crime rate, no military• Travel Time (direct flights):

• Miami – Panama City approx. 3 hrs• Miami – San Jose, Costa Rica approx. 2 hrs• Houston – Panama City approx. 4 hrs• Houston – San Jose, Costa Rica approx. 3.5 hrs

Legal Description • Possession including Panamanian Corporation• Share and Bonding in the Home Owner Association all community area • Full Resort Management included in purchase of villa

Floor plan • Impeccable ocean and island views from all rooms• Crystal clear water for views of coral reefs and fish • Spacious and luxury open floor plan • Interior stairs with bi-level privacy doors• Direct access to terrace from living room, dining

room, and Jacuzzi • Spacious computer workstation • Elegant dining room • State of the art bathrooms• Dual vanity in bathrooms • Outdoor shower• Private boat slip • Unique ocean pool• Interior/Exterior private Jacuzzi• Mini bar in master bedroom • Walk-In Closet• High Ceiling

Rendering of 3 bdr/3 bath Luxury Master Villa*

Villa Luxury Floor Plan

*Building illustrations are design concepts; dimensions and floor plan layouts are approximate and can be changed without notice.

Furniture• Each floor equipped with plasma TV & DVD player • Flat screen computer workstation • Lavish dining room, seating for 6 • Spacious living room• Ocean-view glass table• Solid wooden bed & furniture • 2 tanning beds on each floor • Solid wood table for 6 on first floor terrace• Solid wood table for 4 on second floor terrace • Indonesian-style king bed in master bedroom• Gourmet kitchen fully equipped • State of the art decoration and painting

Finishing• Exotic ocean-view glass flooring in living room• State of the art exposed beam ceilings with natural thatch roof• Extravagant natural wood flooring• French glass doors • Luxurious natural stone bathroom with solid counters• High quality, American standard fixtures• Individual hot water heaters • Solid cedar wood walk-in closets• Solid wood cabinets • Air conditioning with remote control • Comforting ceiling fans in bedrooms• High-end sliding frosted glass doors on the interior• Tropical plants on terrace

Villa Upscale Amenities

Community • Security camera around buildings • 24 hour security • Private white sand beach/man-made • Classy house boat with attached deck• Romantic gourmet restaurant• Tropical landscaping • Resort management office • Available kayaks, scuba gear, snorkel gear, surf boards, taxi

boats• Superior full room service • Laundry service• Artistic exterior lighting • Spacious common area• Utility room and storage • Backup community generator• Backup reclaimed water • Sports Bar incl. Billiard, Ping-Pong Table, Dart Board and more• Concierge Service • Private mediation areas located on the island

Utilities• Eco-friendly utilities • Individually filtered reclaimed water

system • Individual powerful solar system • Natural Gas System• Wireless internet

Luxury Resort Features

The Deluxe Villa

• Approx.1,100 sq. ft. (incl. approx. 300 sq. ft. terrace)

• Spacious 2BR/2BA• Dramatic High Ceiling • Luxury Villa built over the water • Glass floor with view of marine wildlife • Impeccable ocean and island views from all

rooms• Private Entry Exotic Design Doors • Unique Ocean Pool• High-Standard Furniture• Villa can accommodate up to six (6) guests

comfortably* Deluxe Villa Daily Rate Purchase Price

Low Season High Season

$170$199

Only $249,000($226/sq ft)

Rendering of 3 bdr/3 bath Luxury Master Villa*1st Floor: Living area 763 sq ft, Open area 828 sq ft.

The Deluxe Villa

* Daily rate includes up to 4 guests. For each additional guest add $25 per person, per night.

Rendering of 3 bdr/3 bath Luxury Master Villa*2nd Floor: Living area 663 sq ft, Open area 144 sq ft.

*Building illustrations are design concepts; dimensions and floor plan layouts are approximate and can be changed without notice.

The Luxury Villa

• Approx. 1,500 sq. ft. (incl. approx. 400 sq. ft. terrace)

• Spacious 3BR/2BA• Dramatic High Ceiling • Luxury Villa built over the water • Glass floor with view of marine wildlife • Impeccable ocean and island views from all

rooms• Private Entry Exotic Design Doors• Unique Ocean Pool• High-Standard Furniture• Villa can accommodate up to eight (8) guests

comfortably*

The Luxury Villa

The Luxury Villa

Daily Rate Purchase Price

Low Season High Season

$215$250

Only $299,000($199/sq ft)

Rendering of 3 bdr/3 bath Luxury Master Villa*1st Floor: Living area 763 sq ft, Open area 828 sq ft.

* Daily rate includes up to 4 guests. For each additional guest add $25 per person, per night.

Rendering of 3 bdr/3 bath Luxury Master Villa*2nd Floor: Living area 663 sq ft, Open area 144 sq ft.

*Building illustrations are design concepts; dimensions and floor plan layouts are approximate and can be changed without notice.

The Luxury Master Villa

• Approx. 1,800 sq. ft. (incl. approx. 500 sq. ft. terrace)

• Spacious 3 Master BR/3BA • Dramatic High Ceiling • Luxury Villa built over the water • Glass floor with view of marine wildlife • Impeccable ocean and island views from all

rooms• Private Entry Exotic Design Doors• Unique Ocean Pool• High-Standard Furniture• Villa can accommodate up to ten (10) guests

comfortably*

The Luxury Master Villa

The Luxury Master Villa Daily Rate Purchase

Price

Low Season High Season

$255$299

Only $349,000($194/sq ft)

Rendering of 3 bdr/3 bath Luxury Master Villa*1st Floor: Living area 763 sq ft, Open area 828 sq ft.

* Daily rate includes up to 4 guests. For each additional guest add $25 per person, per night.

Rendering of 3 bdr/3 bath Luxury Master Villa*2nd Floor: Living area 663 sq ft, Open area 144 sq ft.

*Building illustrations are design concepts; dimensions and floor plan layouts are approximate and can be changed without notice.

Bocas del Toro, Panama

10 Reasons to Visit Bocas del

Toro1.Weather – Year-round warm weather, at an average of

82° F/27°C2.Beaches –Bocas has numerous long white sandy beaches

and crystal clear turquoise water - many describe this area as the perfect paradise.

3. Activities –Bocas offers countless activities for everyone, including scuba-diving, kayaking, parasailing, white water rafting, horseback riding, fishing, hiking, bird watching, boat tours, snorkeling, turtle watching, restaurants, nightlife, cultural events and historical sights.

4. Nature – Bocas del Toro is surrounded by a magnificent rainforest, it has numerous islands, miles of incredible beaches, and beautiful unspoiled coral reefs. Bocas is also home to more than 960 species of birds, 220 species of mammals, 240 species of reptiles, 160 species of amphibians, over 10,000 species of vascular plants, and 82 endemic species.

5. Affordability – You can live the American lifestyle in Panama for one- fourth of the price. The currency in Panama is conveniently the US Dollar.

6. Safe – Panama and Bocas are exempt from hurricanes that often devastate other Central American neighbors. Bocas is also safe for tourists, as the crime rates are remarkably low. A special police force watches tourists and ensures their safety.

7. Tourist friendly - Nearly all local people speak English. They are kind and helpful and appreciate travelers that contribute to the economy.

8. Culture – In Bocas you will find two tribes of indigenous Indians. Visiting their villages will give you a taste of Panamanian culture and make your vacation unique.

9. Night life – Bocas also has a fun night life, including bars above the water, clubs, restaurants.

10. Privacy – Since Bocas has only recently been discovered by high-income international tourists it is still very private and much of the island chain remains pristine and untouched.

Bocas del Toro, Panama

ActivitiesBocas del Toro, a year-round activities and recreation

paradise. Enjoy the warm temperatures of this tropical

destination, the crystal clear waters of the Caribbean Sea and the myriad of land-based activities…

• Hike in the lush rainforest• Tour island wildlife by boat• Scuba Dive in warm, crystal clear water• Horseback ride in wild nature• Reach the sky while parasailing• Kayak in tranquil waters• Mountain trek in the lush landscape• Snorkel among the vibrant coral reefs and colorful fish

• Meditate on the tranquil, private island • Surf in world-famous Bocas waters• Fish - where success is guaranteed • Enjoy sunbathing on white sandy beaches• Experience the biological diversity of the islands• Explore the diverse island nightlife (clubs, bars, entertainment)

• Enjoy the variety of restaurants offering international cuisine

• Discover the undiscovered Bocas• Visit the butterfly farm• Sail on a private catamaran• Visit the warm & friendly indigenous villages• Shop for crafts at the local markets• And much more….

Enjoy the soft ocean breezes and tranquil vacation environment.

OwnershipThe possession of the private, luxury villas will be owned by a Panamanian corporation. A corporation will be formed for each luxury villa by the development company and each villa owner will receive a share of the community property and the private island. Ownership of possession includes one luxury, over the water, private villa and shared ownership of community areas on the island. Essentially, each villa owner will be purchasing a share of the luxury, boutique resort community located on a private island in the Boca del Toro Archipelago. Each owner will have the opportunity to personalize their investment, by choosing a unique name for their luxury villa and the Panamanian corporation.

IncentivesThe villa owner will retain 60% of gross income from the luxury villa. The villa owner will receive a complimentary two (2) weeks accommodation in the villa.The villa owner will receive a special rate for additional days at 75% off the daily rate, for up to two (2) months per year. This special rate is also available for friends and family.The community will be bound to the CCNR and Home Owner Association (HOA) rules and regulations.

No interest, no home owner association fees, no No interest, no home owner association fees, no additional fees *additional fees *

Resort Management ServiceVillas del Mar Boutique Resort will manage the property and provide exceptional service and amenities as an upscale resort. To ensure high guest satisfaction, management will be responsible for marketing, training and management of resort staff,, housekeeping, room service, security, laundry service, internet, activities, and the maintenance and landscaping of the luxury villas and community areas. In return, the resort management service will retain 40% of the gross income from the luxury villas.

Villa Ownership

* Remodeling, renovation and/or redesign fees and a one time $8900 marketing fee not included.

Room Rates & Revenue

Daily Rate based on Occupancy of 6 Villas per Season

High Season 213 181 149 117 85 53July 1st to August 30th Days Days Days Days Days Days

December 15th to May 15th Occupancy

Daily Rate 100% 85% 70% 55% 40% 25%

Deluxe Villa (2) 199$ 84,774$ 72,038$ 59,302$ 46,566$ 33,830$ 21,094$

Luxury Villa (2) 250$ 106,500$ 90,500$ 74,500$ 58,500$ 42,500$ 26,500$

Master Luxury Villa (2) 299$ 127,374$ 108,238$ 89,102$ 69,966$ 50,830$ 31,694$

Low Season 152 129 106 83 60 38May 16th to June 30th Days Days Days Days Days Days

September 1st to December 14th Occupancy

Daily Rate 100% 85% 70% 55% 40% 25%

Deluxe Villa (2) 170$ 51,680$ 43,860$ 36,040$ 28,220$ 20,400$ 12,920$

Luxury Villa (2) 215$ 65,360$ 55,470$ 45,580$ 35,690$ 25,800$ 16,340$

Master Luxury Villa (2) 255$ 77,520$ 65,790$ 54,060$ 42,330$ 30,600$ 19,380$

Room Rates & Revenue**Achieve ROI in 6-8 years – realistic occupancy of 70-85%**

Total Annual Revenue PossiblePer Unit Occupancy (Annual Average)

100% 85% 70% 55% 40% 25%

Deluxe Villa 136,454$ 115,898$ 95,342$ 74,786$ 54,230$ 34,014$

Luxury Villa 171,860$ 145,970$ 120,080$ 94,190$ 68,300$ 42,840$

Master Luxury Villa 204,894$ 174,028$ 143,162$ 112,296$ 81,430$ 51,074$

60% Annual ROI BasedFor Investor Occupancy (Annual Average)

Total Price 100% 85% 70% 55% 40% 25%

Deluxe Villa 249,000$ 81,872$ 69,539$ 57,205$ 44,872$ 32,538$ 20,408$

Luxury Villa 299,000$ 103,116$ 87,582$ 72,048$ 56,514$ 40,980$ 25,704$

Master Luxury Villa 349,000$ 122,936$ 104,417$ 85,897$ 67,378$ 48,858$ 30,644$

Duration for ROIIn Years Occupancy (Annual Average)

Total Price 100% 85% 70% 55% 40% 25%

Deluxe Villa 249,000$ 3.0 3.6 4.4 5.5 7.7 12.2

Luxury Villa 299,000$ 2.9 3.4 4.2 5.3 7.3 11.6

Master Luxury Villa 349,000$ 2.8 3.3 4.1 5.2 7.1 11.4

Come and experience Villas del Mar and immerse yourself in the

splendid nature of Bocas del Toro.

Invest in one of Latin America’s premiere destinations and achieve a high rate of return from Panama’s fast

growing tourism industry.

Combine elements of luxury and prestige with an investment in the Villas del Mar Resort - earn

income from your share of the luxury villas and resort located on a private island in the Bocas del

Toro archipelago.

Villas del Mar - combining luxury, modernity and environmentally-

conscious amenities for the discerning investor & traveler.

Villas del Mar – More than just an income producer!