Sample Hotel Business Plan Example

BLUE BAY HOTEL AND CASINO RESORT

CYPRUS

BUSINESS PROPOSAL

Parsons Brinckerhoff

November 2002

BLUE BAY HOTEL AND CASINO RESORT BUSINESS PROPOSAL

14 November 2002

1. INTRODUCTION

Parsons Brinckerhoff (PB) is pleased to submit this Business Plan for the design, construction and operation of the proposed the Blue Bay Hotel and Casino Resort project near Kyrenia, Cyprus.

The purpose of this Business Plan is to enable potential investors and/or financiers to gain an overview of the nature and parameters of the Blue Bay project in order to begin the process of informed decision making. To this end, we have compiled a description of the existing site and related local pemitting issues, as well as an overview of both the political/economic climate and the casino sector in the region. The latter section of the plan reviews the costings and timetable for design and construction of the resort, and finally the projected operational concept, financial projections, and base alternative for implementation.

Over a Century of

Engineering Excellence

1

November 2002

2. PROJECT DESCRIPTION

2.1 The Site

The Blue Bay Hotel and Casino Resort Project site is on one of the Mediterranean Sea's most beautiful coastlines. The 25 acre (100 dunam) site is located on the northern shore of the island of Cyprus, 25 miles south of the coast of Turkey and 10 miles west of the bustling town of Keryneia, in a region which possesses some of the most comfortable dry beach climates in the Mediterranean. The project site is a rare and beautiful natural sandy bay with clean water and abundant sea life.

The land is on a solid rock site. The bay and sandy beach are enclosed on three sides by the site, affording an opportunity for the development of a marina. The site is one kilometer from the coastal highway, along which are several other hotels of varying quality. Infrastructure, including electricity, water, telecommunications and a road to the site will be provided by the government.

The Turkish Republic of Northern Cyprus (TRNC), has zoned this 100 dunam property for touristic development purposes.

In contrast to other lots around the capital of Nicosia, which were previously owned by Greek Cypriots and abandoned due to the partition of the island, these 100 dunams have always been Turkish land, thus no possible future claims could arise. The property is recognized by both the Greek and the Turkish governing bodies and land registries as having always been Turkish-owned property both before and after the Turkish occupation of Northern Cyprus.

Over a Century of

Engineering Excellence

2

November 2002

The land is owned by L.F.C. Ltd., a British based company, and has been valued by land appraisers at approximately 3,000,000 BPS. The outstanding monies owed to own the land outright are in the order of 550,000 BPS.

Over a Century of

Engineering Excellence

3

November 2002

Blue Moon Hotel and Casino Resort Project

Over a Century of

Engineering Excellence

4

November 2002

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