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 returns! Why Invest in Villas del Mar A Bocas del Toro Eco-Resort Investments • Own share of high income-producing villa & community areas • Achieve ROI in 6-8 years – realistic occupancy • 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 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 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 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! The Private Island Representation of Villas del Mar Resort For illustrative purposes only. Villas Ocean Pool & Deck Gourmet Restaurant Boathouse & Sports Bar Office Sandy Beach Deck/Walkway Panama & Bocas del Toro República 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: $10,700 o 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 Villa Luxury Floor Plan 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 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 Rendering of 3 bdr/3 bath Luxury Master Villa* *Building illustrations are design concepts; dimensions and floor plan layouts are approximate and can be changed without notice. Villa Upscale Amenities 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 Luxury Resort Features Community Utilities • Eco-friendly utilities • Security camera around buildings • 24 hour security • Individually filtered reclaimed water system • Private white sand beach/man-made • Individual powerful solar system • Classy house boat with attached deck • Natural Gas System • Romantic gourmet restaurant • Wireless internet • 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 The Deluxe Villa The Deluxe Villa • • • • • • • • • • Approx. 1,500 sq. ft. (incl. approx. 250 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* Rendering of 3 bdr/3 bath Luxury Master Villa* 1st Floor: Living area 763 sq ft, Open area 828 sq ft. RENT AS SINGLE UNIT Daily Rate Purchase Price High Season $269 $299,000 Low Season $239 ($203/sq. ft.) RENT AS TWO UNITS 1st Floor 1 Bedroom, 1 Bath (680 sq. ft., 247 sq. ft. covered deck, ocean pool) High Season $163 Low Season $145 2nd Floor Studio (612 sq. ft.) High Season Low Season $133 $118 Rendering of 3 bdr/3 bath Luxury Master Villa* 2nd Floor: Living area 663 sq ft, Open area 144 sq ft. * Daily rate includes up to 4 guests. For each additional guest add $25 per person, per night. *Building illustrations are design concepts; dimensions and floor plan layouts are approximate and can be changed without notice. The Luxury Villa The Luxury Villa • • • • • • • • • • Approx. 1,800 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* Rendering of 3 bdr/3 bath Luxury Master Villa* 1st Floor: Living area 763 sq ft, Open area 828 sq ft. RENT AS SINGLE UNIT Daily Rate Purchase Price High Season $339 $370,000 Low Season $302 ($209/sq. ft.) RENT AS TWO UNITS 1st Floor 2 Bedroom, 1 Bath (788 sq. ft., 262 sq. ft. covered deck, ocean pool) High Season $229 Low Season $204 2nd Floor Studio (720 sq. ft.) High Season $169 Low Season $150 * 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 The Luxury Master Villa • • • • • • • • • • Approx. 2,400 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* Rendering of 3 bdr/3 bath Luxury Master Villa* 1st Floor: Living area 763 sq ft, Open area 828 sq ft. RENT AS SINGLE UNIT Daily Rate Purchase Price High Season $429 $469,000 Low Season $382 ($199/sq. ft.) RENT AS TWO UNITS 1st Floor 2 Bedroom, 2 Bath (980 sq. ft., 315 sq. ft. covered deck, ocean pool) High Season $259 Low Season $231 2nd Floor Studio 1,025 sq. ft.) High Season $219 Low Season $195 * 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 Toro 1. Weather – Year-round warm weather, at an average of 82° F/27°C 2. 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 onefourth 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 Activities Bocas 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. Villa Ownership Ownership The 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. Incentives The 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 additional fees * Resort Management Service Villas 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. * Remodeling, renovation and/or redesign fees and a one time $8900 marketing fee not included. Room Rates & Revenue High Season July 1st to August 1st Days 213 181 149 117 85 53 100% Occupancy 85% Occupancy 70% Occupancy 55% Occupancy 40% Occupancy 25% Occupancy Resort Rate Resort Resort Resort Resort Resort Resort Deluxe Villa $269 $57,297 $48,689 $40,081 $31,473 $22,865 $14,257 Luxury Villa $339 $72,207 $61,359 $50,511 $39,663 $28,815 $17,967 Master Luxury Villa $429 $91,377 $77,649 $63,921 $50,193 $36,465 $22,737 152 129 106 83 60 38 100% Occupancy 85% Occupancy 70% Occupancy 55% Occupancy 40% Occupancy 25% Occupancy Resort Rate Resort Resort Resort Resort Resort Resort Deluxe Villa $239 $36,328 $30,831 $25,334 $19,837 $14,340 $9,082 Luxury Villa $302 $45,904 $38,958 $32,012 $25,066 $18,120 $11,476 Master Luxury Villa $382 $58,064 $49,278 $40,492 $31,706 $22,920 $14,516 December 15th to May 15th Low Season May 16th to June 30th Days September 1st to December 15th Room Rates & Revenue **Achieve ROI in 6-8 years – realistic occupancy** Total Annual Revenue Possible Per Unit Occupancy (Annual Average) 85% 70% 55% 100% Deluxe Villa $ Luxury Villa Master Luxury Villa $ 25% 79,550 $ 65,684 $ 51,579 $ 37,474 $ 23,608 $ 118,148 $ 100,354 $ 82,862 $ 65,068 $ 47,274 $ 29,782 $ 149,488 $ 126,974 $ 104,842 $ 82,328 $ 59,814 $ 37,682 40% 25% 60% Annual ROI Based For Investor Total Price 93,655 40% Occupancy (Annual Average) 85% 70% 55% 100% Deluxe Villa $ 299,000 $ 56,193 $ 47,730 $ 39,410 $ 30,947 $ 22,484 $ 14,165 Luxury Villa $ 370,000 $ 70,889 $ 60,212 $ 49,717 $ 39,041 $ 28,364 $ 17,869 Master Luxury Villa $ 469,000 $ 89,693 $ 76,184 $ 62,905 $ 49,397 $ 35,888 $ 22,609 Occupancy (Annual Average) 85% 70% 55% 40% 25% Duration for ROI In Years Total Price 100% Deluxe Villa $ 299,000 5.3 6.3 7.6 9.7 13.3 21.1 Luxury Villa $ 370,000 5.2 6.1 7.4 9.5 13.0 20.7 Master Luxury Villa $ 469,000 5.2 6.2 7.5 9.5 13.1 20.7 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. Come and experience Villas del Mar and immerse yourself in the splendid nature of Bocas del Toro. Villas del Mar - combining luxury, modernity and environmentally-conscious amenities for the discerning investor & traveler. Villas del Mar – More than just an income producer! IE IMPERIAL ENTERPRISES, INC. INVESTMENTS AND DEVELOPMENT Developer: Imperial Enterprises · 528 Palisades Drive, Suite 532, Pacific Palisades, CA 90272 www.imperialenterprisesinvestmentanddevelopmentinc.com Phone: (310) 459-4878 ҉ Email: alonbbr@yahoo.com In a constant effort to enhance the property and quality of life within the resort, Villas del Mar Boutique Resort reserves the right to change features and amenities without notice. Some upgraded features shown are available at extra cost. Photography within this brochure may not represent actual amenities and conditions at Villas del Mar Resort. Dimensions and floor plan layouts are approximate and can be changed. Building illustrations are design concepts of properties under development. Images are for illustrative purpose only. View shots are representational and are not intended to reflect actual views from any particular unit. The buyer has to independently verify the accuracy of that information through personal inspection and with appropriate professionals. Villas del Mar Boutique Resort is owned by Fortuna del Mar Panama, Inc. and only obeys the Panamanian law. Fortuna del Mar Panama, Inc. is managed but not held responsible by Imperial Enterprises. Imperial Enterprises is an investment and development company managing and representing many companies and partnerships. Villas del Mar Boutique Resort is developed by Fortuna del Mar Panama, Inc., a separate single purpose entity and obeys only the Panamanian law.