中国极酒店
G Hotels China
Proposal
1
Intercontinental Hotels & Resorts Shanghai Ruijin
中国极酒店
G Hotels China
Proposal
Table of Content
•
Title Page - pg 1
•
Amenities Program - pg 12
•
Table of Content -pg 2
•
Restaurant Elements - pg 13
•
Overview -pg 3
•
Private Dinning Rooms - pg 14
•
External Rendering - pg 4
•
24 hour Spa- pg 15
•
Internal Rendering - pg 5
•
24 hour Gym- pg 16
•
Lobby Plans- pg 6
•
Pro Formas- pg 17-19
•
Floor Plans pg- 7
•
List of 20 Cities - pg 20
•
Roof Plans- pg 8
•
Map of 20 Cities - pg 21
•
Double Queen Room Plan - pg 9
•
Team Members - pg 22-25
•
King Room Plan- pg 10
•
Strategic Partners - pg 26-34
•
King Room Internal Rendering- pg 11
2
中国极酒店
G Hotels China
Proposal
Overview
A new concept in modern hotels for people who want to stay at a specifically Chinese Hotel in China. G Hotels
China (中国极酒店 ) will present an immediately different context from the standard western model. G Hotels China (中国极酒
店 ) will combine the highest international standards and management practices with a distinct Chinese cultural bias. The
hotels will be completely bilingual. Even the name G (极) was selected for its Chinese meaning (utmost) . G Hotels China (中
国极酒店 ) will be located in emerging business areas of important cities. Public areas will reinforce the Chinese context and
incorporate a 1st class restaurant and bar. The exterior will have a modern look with traditional Chinese accents.
All great hotel brands are performance art. They provide not just a bed but an opportunity to participate in a bit of
fantasy. The G Hotels China (中国极酒店 ) product will be aimed at the top of the market and will have room rates competitive
with the best hotels in town. The demographic group being targeted is between 21 to 45. The focus will be on guests who are
able to afford the experience they want and are creatively oriented. G Hotels China (中国极酒店 ) wants to appeal to both
people who are part of the Chinese culture and people who want to visit it. The hotel will offer 5 star amenities including 24
hour room service, state of the art business center, gym and extraordinary concierge services.
3
中国极酒店
G Hotels China
Proposal
External Rendering
4
Intercontinental Hotels & Resorts Shanghai Ruijin
中国极酒店
G Hotels China
Proposal
Internal Rendering
5
中国极酒店
G Hotels China
Proposal
Lobby Plans
6
中国极酒店
G Hotels China
Proposal
Floor Plans
7
中国极酒店
G Hotels China
Proposal
Roof Plans
8
中国极酒店
G Hotels China
Proposal
Double Queen Room Plan
9
中国极酒店
G Hotels China
Proposal
King Room Plan
10
中国极酒店
G Hotels China
Proposal
King Room Internal Rendering
11
中国极酒店
G Hotels China
Proposal
Amenities Program
•
24 hour Room Service
•
24 Business Center
•
Rooftop Lounge
•
Outside Deck
•
Low Carbon Footprint Model
•
Upscale Bathroom Fixtures
•
Internet TV
•
Anti-theft Warning System
•
Same Day Laundry Service
•
Video Conference System
•
24 hour Self-service key Access
•
Business Center with VIP Assistant
•24 hour gym with traditional Chinese Bath
•Upscale Bathroom Fixtures
•Anti-theft Warning System
•Private Dinning Catering
•Four Star restaurant for breakfast, lunch and
dinner with a lounge component as well.
•VIP Assistant
•In Room Amenities:
•Totally wired smart rooms
•Big screen TV
•Door card receiving lights, air
conditioning, drapes shades, dimmer
switches for lights from bedside
12
中国极酒店
G Hotels China
Proposal
Restaurant Elements
13
中国极酒店
G Hotels China
Proposal
Private Dinning Room
14
中国极酒店
G Hotels China
Proposal
24 Hour Spa
15
中国极酒店
G Hotels China
Proposal
24 hour Gym
16
中国极酒店
G Hotels China
Proposal
Pro Forma
G Hotels China
Closing and Construction Costs
All amounts U.S. $ x 1,000
Land Purchase
Closing
Bank Fees
Mortgage Recording Taxes
Mortgage Transfer Tax
Legal Fees
Feasibility Study
Title Insurance
Prepaid Exp
Environmental Phase I
Accounting/Audit
Broker Fee
985,000
2.0%
9,000,000
0.2%
9,000,000
Total Closing Costs
Soft Costs
Arch
Interior Design
Engineering
Expeditor
Entitlements / Permits / Zoning Consultant
Construction Manager
Developer Fee
Insurance
Pre-opening Expenses
Interest Reserve (avg balance $9.0M at avg int rate of 10%)
Working Capital
Contingency
Total Soft Costs
Hard Costs
New Construction
FF&E
Contingency
Total Hard Costs
Total Hard and Soft Costs
180,000
0
0
50,000
10,000
18,000
0
10,000
0
0
268,000
Per SF
2.0% of Hard Costs
1.0% of Hard Costs
0.5% of Hard Costs
2.0% of Hard Costs
10.0% of Hard Costs
1.0%
9,000,000
$1,000 per room
$2,000 per room
5.0%
SF
$95
55,000
$6,000 per room
5.0%
124,125
62,063
31,031
20,000
50,000
124,125
620,625
90,000
120,000
450,000
240,000
96,598
2,028,567
$36.88
Per SF
Per Room
16,905
Per Room
5,225,000
720,000
261,250
6,206,250
$112.84
51,719
8,234,817
$149.72
68,623
17
中国极酒店
G Hotels China
Proposal
Pro Forma
G Hotels China
All amounts U.S. $ x 1,000
Year 1
$
No. of rooms
Rooms available
Rooms sold
Occupancy %
Average Rate Hotel
Year 2
$
110
40,150
28,105
70.0%
$161
%
110
40,150
27,704
69.0%
$149
%
Year 3
$
110
40,150
28,507
71.0%
$169
%
Year 4
$
110
40,150
28,908
72.0%
$177
Year 5
$
110
40,150
29,310
73.0%
$186
%
%
Revenues
Rooms
Restauraunt Food & Beverage
Telecom
Other Income
4,128
1,032
55
50
5,265
78.4%
19.6%
1.1%
0.9%
100.0%
4,523
1,187
56
53
5,818
77.7%
20.4%
1.0%
0.9%
100.0%
4,817
1,365
57
55
6,294
76.5%
21.7%
0.9%
0.9%
100.0%
5,129
1,433
58
58
6,677
76.8%
21.5%
0.9%
0.9%
100.0%
5,460 77.1%
1,505 21.2%
59
0.8%
61
0.9%
7,084 100.0%
Rooms
Restaurant Food & Beverage
Telecom
Other Income
Total Departmental Expenses
826
774
55
13
1,667
20.0%
75.0%
100.0%
25.0%
31.7%
1,085
890
56
13
2,045
24.0%
75.0%
100.0%
25.0%
35.1%
1,108
1,024
57
14
2,202
23.0%
75.0%
100.0%
25.0%
35.0%
1,128
1,075
58
14
2,275
22.0%
75.0%
100.0%
25.0%
34.1%
1,201 22.0%
1,128 75.0%
59 100.0%
15 25.0%
2,403 33.9%
Operating Department Income
3,598
68.3%
3,773
64.9%
4,091
65.0%
4,402
65.9%
4,680
66.1%
Total Undistributed Operating Expenses
316
105
211
211
211
340
1,053
6.0%
2.0%
4.0%
4.0%
4.0%
6.45%
26.5%
378
116
233
233
233
375
1,193
6.5%
2.0%
4.0%
4.0%
4.0%
6.45%
27.0%
378
126
252
252
252
406
1,259
6.0%
2.0%
4.0%
4.0%
4.0%
6.45%
26.5%
401
134
267
267
267
431
1,335
6.0%
2.0%
4.0%
4.0%
4.0%
6.45%
26.5%
425
142
283
283
283
457
1,417
6.0%
2.0%
4.0%
4.0%
4.0%
6.45%
26.5%
Gross Operating Profit
2,545
48.3%
2,581
44.4%
2,833
45.0%
3,067
45.9%
3,264
46.1%
Total Fixed Expenses
158
60
1,050
81
105
1,455
3.0%
1.1%
19.9%
1.5%
2.0%
27.6%
175
66
1,082
89
175
1,586
3.0%
1.1%
18.6%
1.5%
3.0%
27.3%
189
73
1,114
98
252
1,726
3.0%
1.2%
17.7%
1.6%
4.0%
27.4%
200
80
1,147
108
267
1,803
3.0%
1.2%
17.2%
1.6%
4.0%
27.0%
213
88
1,182
119
283
1,885
3.0%
1.2%
16.7%
1.7%
4.0%
26.6%
Cash flow before Debt Service
1,090
20.7%
995
17.1%
1,107
17.6%
1,264
18.9%
1,379
19.5%
Total Revenues
Departmental Expenses
Undistributed Operating Expenses
Administrative & General
Marketing
Repairs & Maintenance
Heat, Light & Power
Franchise Fees
Asset Management Fee
Fixed Expenses
Management Fees
Insurance
Land Lease
Real Estate Tax
Reserve for capital replacements
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中国极酒店
G Hotels China
Proposal
Pro Forma
Financing
Purchase Price (in millions)
Closing, Hard & Soft Costs
Total Purchase
Rate
Term
Debt
Equity for Purchase
Debt Service at Year 1
Per Room
985,000
8,401,552
9,386,552
5.5%
25
60% 5,631,931
40% 3,754,621
415,020
85,332
Year -2
-3,755
Equity for Purchase
Cash Flow before Debt Service
Carrying Costs While Under Renovation
Insurance
Real Estate Taxes
Debt Service
Sale at End of 5th Year
Loan Balance at end of 5th Year
Cash Inflows/Outflows
DCR
IRR
8,955
Year -1 Year 1
Year 2
Year 3
Year 4 Year 5
1,090
995
1,107
1,264
-415
1,379
-60
-81
0
-60
-81
0
-415
-415
-415
-3,896
-141
675
579
692
-415
17,239
-5,028
849 13,175
2.63
2.40
2.67
3.04
Cap Rate
29%
19
3.32
中国极酒店
G Hotels China
Proposal
20 Top Cities For G Hotels China
1) Shanghai
2) Guangzhou
3) Fuzhou
4) Kunming
5) Beijing
6) Shenzhen
7) Tianjin
8) Hongkong
9) Ningbo
10) Dalian
11) Hangzhou
12) Qingdao
13) Wuxi
14) Xiamen
15) Sanya
16) Huangshan
17) Lijiang
18) Nanjing
19) Haikou
20) Chongquing
20
中国极酒店
G Hotels China
Proposal
Map For G Hotels China
21
中国极酒店
G Hotels China
Proposal
Team Members
President and CEO of Destination Hotel Partners, LLC a global hotel development company
specializing in hotels, resorts, and mixed-use development. Vice Chairman CEO of China Topsun Hotels
International Group Ltd., a Chinese based joint venture hotel development company. Vice Chairman CEO of
Goldstone Hospitality Group LLC, a New York based joint venture hotel development company.
James Bates has a long and successful track record in the hospitality industry for over 35 years. His
innovative and dynamic approach to building brands, developing new product and executing excellent return on
Destination
Hotel Partners, investment makes him a sought after expert in the market. Mr. Bates has held senior management positions with
Hilton Hotels, Canadian Pacific, Best Western International, Hampshire Hotels and Resorts, Helmsley Hotels,
LLC,
James C.
Bates,
President &
CEO
Boutique Hotels & Resorts International as well as several independent properties and projects.
Mr. Bates began his career in Beverly Hills, California at the Beverly Hills Hotel, Beverly Wilshire
Hotel, and The Beverly Hilton Hotel.
James Bates has served on several advisory boards including: Travel Industry Association of
America, Pow Wow Planning Committee, World Travel Mart, ITB Berlin, Luxury Travel Expo, Best Western
International EMAC Committee, Choice Hotels, Cendant Preferred Partners Committee, NYSAE We Love New
York Day Chairman and NYSAE Chairman Associates Committee, Hotel Sales & Marketing Association
International and Leading Hotels of The World Marketing Advisory Committee. Mr. Bates has served on numerous
Convention and Visitors Bureaus Boards of Directors and advisory boards worldwide; and has participated on
numerous panels and guest speaking engagements worldwide including NAFEO Conference, Nixon Peabody
IPED Conference and White House Initiative on HCBU’s, and Shangri La Asia Conference.
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中国极酒店
G Hotels China
Proposal
Team Members
Patrick Parsons has over 15 years experience in the Chinese real
estate market, widely recognized as one of the first true western developers in Beijing. He
has over 10 years experience working with Beijing’s Tier 1 Chinese developers, and has
Patrick Parsons
built strong relationships with Chinese government officials. With in-depth experience in
research, marketing, sales, construction and development. Instrumental in major apartment
and office projects ,including villa complexes, five star hotels, retail and mixed-use projects
up to 1 million square meters in size. Worked with and consulted for some of Beijing’s
largest real estate developers
Over the years his main focus has been in the retail and hospitality industry. He
has developed some of the most renown retail and mixed development projects in
Northern China varying from the top of the market with Ritz Carlton and brands such as
Chanel and Gucci as well as mass market developments with 4 star Hotels and brands
such as Zara and H & M. He has been a pioneer in lots of these projects.
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中国极酒店
G Hotels China
Proposal
Team Members
WQB Architecture PLLC is a professional practice committed to
design excellence and superior project management.
Bill Brothers
WQB Architecture PLLC
The firm specialties include: luxury and government assisted
housing, hospitality and resort projects, healthcare planning and
design projects and community and land use planning.
Mr. Brothers is a Registered Architect in New York, New Jersey,
Connecticut, Rhode Island; member National Council of Architectural
Registration Boards (NCARB).
Mr. Brothers has acted as a developer for five residential
projects with 17 buildings and routinely provides development and real
estate related financial-consulting services for several major
developers and a variety of governmental and not-for-profit
organizations. He is a licensed real estate broker in the State of New
York under his real estate development company Interactive
Development Associates.
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中国极酒店
G Hotels China
Proposal
Team Members
Allen Ostroff has over 25 years of experience as the Managing
Director of Prudential Insurance Company’s Realty Group and Prudential
Securities where he provided a wealth of experience in structuring
acquisitions, development, and asset and financial management. He
created a $3.6 billion hotel equity portfolio and a $1 billion shopping center
portfolio.
His expertise and successes in overseeing investments and
operations in 4-5 star hotels representing 30,000 rooms and 175
restaurants adds significant management depth and focus on the core
issues of control, efficiency, and value maximization. Mr. Ostroff knows the
hotel business trade, having led the key due diligence process and financial
structuring in over 200 acquisitions. Prior to joining Prudential, Mr. Ostroff
served as the General Manager of the 2,000 plus room New York Hilton,
Operations Manager at New York’s famed Waldorf Astoria, and Group Vice
President of Americana Hotels.
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中国极酒店
G Hotels China
Proposal
Strategic Partners







•
Horwath HTL - Hospitality Consultant
JP Morgan Chase - International Bank
Ernst & Young - Accounting
Norton Rose LLP- Legal
AECOM Robert Colin Bryant- Architecture & Design
Hotel Dynamics, LLC - Owners Representative
Buy China Direct - FF& E Consultant
Shanghai Construction Decoration (Group) Co.,Ltd. - Interior Design
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中国极酒店
G Hotels China
Proposal
Strategic Partners
Horwath HTL
Horwath HTL is the largest specialist consulting network in this sector, with 50
offices in 39 countries. Our unrivalled global reach is matched by a unique depth of
knowledge and experience gained from thousands of projects over many years, in
all kinds of economic climates.
We remain the number one choice for hotel and real estate companies, as
well as financial institutions looking to invest in the industry. Whatever and wherever
your project, we offer the reassurance of an internationally consistent quality of
service combined with local solutions.
27
中国极酒店
G Hotels China
Proposal
Strategic Partners
JP Morgan Chase
JPMorgan Chase is one of the oldest financial institutions in the United States. With a history
dating back over 200 years, here's where we stand today:

We are a leading global financial services firm with assets of $2.3 trillion.

We operate in more than 60 countries.

We have more than 240,000 employees.

We serve millions of consumers, small businesses and many of the world's most prominent
corporate, institutional and government clients.

We are a leader in investment banking, financial services for consumers, small business and
commercial banking, financial transaction processing, asset management and private equity.

Our stock is a component of the Dow Jones Industrial Average.
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中国极酒店
G Hotels China
Proposal
Strategic Partners
Ernst & Young
Ernst & Young is a global leader in assaurance, tax, transactions, and advisory
service. Our 167,000 people are united by our shared values, which inspire our people
worldwide and guide them to do the right thing, and our commitment to quality, which is
embedded in who we are and everything we do. Ernst & Young is committed to doing its part
in building a better working world for our people, for our clients and for our communities.
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中国极酒店
G Hotels China
Proposal
Strategic Partners
Norton Rose LLP
Norton Rose is a leading international legal practice. We offer a full business law service to many of the
world’s pre-eminent financial institutions and corporations from offices in Europe, Asia, Australia, Canada, Africa,
the Middle East, Latin America and Central Asia. Knowing how our clients’ businesses work and understanding
what drives their industries is fundamental to us. Our lawyers share industry knowledge and sector expertise across
borders, enabling us to support our clients anywhere in the world. We are strong in financial institutions; energy;
infrastructure, mining and commodities; transport; technology and innovation; and pharmaceuticals and life
sciences.
On June 1, 2013 Norton Rose will join forces with leading U.S. law firm Fulbright & Jaworski L.L.P. to form
Norton Rose Fulbright. With 3800 lawyers and 54 offices, including 11 in the USA, Norton Rose Fulbright will be
one of the largest global legal practices, with significant depth of expertise in the world’s leading business and
financial centers.
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中国极酒店
G Hotels China
Proposal
Strategic Partners
Robert Colin Bryant
Robert Bryant has twenty-five years of diverse experience in the lodging, real estate, and
food-service industries. He is a specialist in property feasibility and development, strategic
planning and concept determination, resort asset or interim management, construction,
marketing, and operations-both corporate and entrepreneurial.
Robert is aware of the fact that the creation of new places and repositioning of existing
ones will require thought and implementation that is truly different from others in the real estate
arena. Therefore, Robert Colin Bryant and its affiliates are organized in the form of an orchestra,
whereby the firm acts as a conductor of an orchestra of "sections", each sounding wonderful in
their own right, but sublime when "well-orchestrated" to create properties of timeless elegance
and strong financial performance. Our goal is to find fresh solutions that no longer render the
predictable acceptable.
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中国极酒店
G Hotels China
Proposal
Strategic Partners
Hotel Dynamics
Hotel Dynamics represents the hospitality industry's top experts in asset management,
financing, owner's representation and construction management. Hotel Dynamics will strive to
maximize the value of your asset and capital through extensive due diligence for acquisition, rebranding and repositioning, property renovation, new construction and asset management.
Our Team will bring unmatched expertise to all phases of the asset's lifecycle for a wide
array of clients. The process starts with conducting due diligence that will enable asset owners to
make the right acquisition or development decisions. We then transition our skills to managing
the asset and formulating a plan to reposition the asset for long-term profitability. In the event that
the repositioning decision includes any form of construction or brand PIP, we can seamlessly
plan and implement the construction and renovations.
32
中国极酒店
G Hotels China
Proposal
Strategic Partners
Buy China Direct
BCD is a multinational company based in Guangzhou, China with offices in US, Central America,
and independent agents in South America, South Africa and Australia. Our company objective is to be
the leading world wide building materials supply chain by providing factory direct materials straight to
the developers' door steps at tremendous savings. We specialize in interior finishes and decorative
building materials ranging from kitchen cabinets, bathroom vanities, tubs, toilets, showers, taps and
faucets, doors, windows, ceramic, porcelain, glass and stone tiles to wood flooring and other decorative
essentials.
We aim to give our clients the competitive advantage in todays ever difficult market by adding a
global perspective and allowing small to mid size companies to order direct from the factories. We are
your partners from the moment we start to work together. We provide manufacturing, sourcing, QC,
CAD design and other logistic services direct to your doors step.
33
中国极酒店
G Hotels China
Proposal
Strategic Partners
Shanghai Construction Decoration (Group) Co.,Ltd.
Construction is the solidification of music, label of culture. It has been 50 years since the foundation
of Shanghai Housing Renovation Co.,Ltd. in 1960.We push forward decoration industry by the brand of
Shanghai Construction Decoration Group.The only assets is brand , the only product is project, the only
aim of our company is providing the best service.
Shanghai Construction Decoration (Group) Co.,Ltd. formerly belongs to Shanghai Municipal
Housing, Land and Resources Administration. It is classified as first batch restructuring enterprise. After
completion of two round restructure, our company is moving towards steadiness.
Shanghai Construction Decoration (Group) Co.,Ltd. is the core of Shanghai Construction
Decoration Group, and has qualification of national first class in general contract, construction decoration
and interior design. We have certification of ISO9001 and management right of international economic and
technological cooperation. Also we have machinery installation, steel structure, garden structure, building
curtain walls, fire public device, housing demolition these specialty qualification. Among all our architecture
renovation and design are numbered in Shanghai, and we are regarded as contract of Shanghai brilliant
modern architecture project.
34