THE FLOATING
SEAHORSE
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HOTEL PROPOSAL – THE HEART OF EUROPE
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THE FLOATING
SEAHORSE
The Heart of Europe is building 42 Floating Seahorses which will be located just offshore from St Petersburg Island and Main Europe Island. Investors purchasing a
Floating Seahorse can benefit from rental returns through Mont Royal Hotel.
There are also opportunities for investors / operators purchasing any of The Heart of Europe’s hotels (i.e. Ibiza Hotel, Marbella Hotel, Monaco Hotel) to also introduce The
Floating Seahorse into their hotel accommodation portfolio.
Prices & Payment Schedule
Each Floating Seahorse is currently for sale at AED 6.5 million.
The payment schedule is as follows:
Initial Reservation Deposit 20%
AED 1.3 million
Second 20% Payment (December 2015*)
AED 1.3 million (*Subject to The Heart of Europe’s first Floating Seahorse being ready and in the water)
Third 20% Payment (June 2016*)
AED 1.3 million (*Subject to Dry Docks Dubai structure completed and seen)
Final 40% Payment (December 2016)
AED 2.6 million
(NB. Please note the above purchase price of AED 6.5 million does not include furniture).
Business Plan for The Floating Seahorse
The Floating Seahorse is a totally unique product and there is not currently anything similar available in the world. In light of this, we have no exact product to compare it
with, but as an example, we have identified The Poseidon Suites at The Atlantis Hotel as a guide in terms of business plan and projections for The Floating Seahorse.
Poseidon Suites, Atlantis The Palm, Dubai
THE FLOATING
SEAHORSE
As there will only be 42 Floating Seahorses in the world, supply is low and demand will be high.
Our estimated figures below are conservative, but realistic, in comparison with average prices at the exclusive Poseidon Suites at The Atlantis:
Occupancy 80%
Average Daily Rate for one Floating Seahorse
AED 15,000*
(*Each Floating Seahorse can accommodate up to six people. The total built size is 182m2)
Estimate Annual Rental Revenue
AED 4.5 million*
(*Based on 300 nights rented per year. The owner/investor is entitled to 14 nights per year free of charge for personal use if desired)
Total Operating Costs (60%)
AED 2.7 million**
(**Please note, this excludes maintenance fees which are AED 20 per square foot)
Estimated Total Profit (ROI per year)
AED 1.8 million
This conservative calculation represents an annual tax free ROI of 27.69% based on the total initial investment which is highly attractive.
Capital Growth Projection
Our estimations for capital growth is also conservative and is detailed below:
10% per year from pre-construction to The Floating Seahorse being fully-operational.
Based on an initial sales price of AED 6.5 million, 10% per annum would generate AED 975.000 capital appreciation which means that within the first three years,
the investor would get 100% return on his/her initial investment.
The average room rate per night for an underwater suite (which isn’t actually underwater but boasts a built in aquarium to give the impression that you are underwater) has
average room rate of AED 30,000 per night (based on two adults sharing). The size of the suite is 165m2.
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THE FLOATING
SEAHORSE
FLOOR PLANS
& LAYOUTS
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SEA LEVEL PLAN
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UNDERWATER LEVEL PLAN
HOTEL PROPOSAL – THE HEART OF EUROPE
UPPER DECK PLAN
Get in
TOUCH
IF YOU ARE INTERESTED IN FINDING OUT MORE ABOUT THE FLOATING SEAHORSE OR ANY OTHER
PROJECTS AT THE HEART OF EUROPE, PLEASE CONTACT US FOR MORE INFORMATION.
The Heart of Europe is a truly unique project unlike anything that’s has ever been seen before and now is the perfect opportunity to invest in
your own little piece of paradise, be it for investment purposes or for personal use.
To book a complimentary, no obligation VIP tour of the awe-inspiring project, please contact us today to arrange an appointment.
KENSINGTON INTERNATIONAL GROUP
Showroom / Offices :
Arenco Tower, 20th Floor,
Dubai Media City, Dubai, UAE
+39 02 21 117 186
info@groupkensington.com
www.groupkensington.com
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www.groupkensington.com
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