Overview
Total Portfolio Activity 17% Total Assets Under Management 300,000,000
Targeted Investor IRR 15 Targeted Equity Multiple 2
Targeted Average Cash Yield 10 Targeted Investment Period 5
Property Type Hotel Location|MSA New York
Targeted Project IRR 15 Sponsor Co-Invest ($) 1,000,000,000
Sponsor Co-Invest (%) 10 Offers Due 2022/02/18
Funds Due 2022/02/18 Targeted Distribution Start Date 2022/02/18
Initial Posting Date 2022-02-18 14:53:21
Table Of Contents

Details on investment structure, promote structure, fees, and targeted cash flow tables

  • This proposal has been prepared solely for informational purposes from data supplied by Futurlogic LLC regarding new business development opportunities.
  • This Memorandum is being furnished by Futurlogic, solely to assist the recipient in deciding whether to proceed with collaboration. In furnishing this Memorandum, Futurlogic reserve the right to amend or replace the proposal at any time, and undertake no obligation to update or correct the information set forth herein or to provide the recipient with access to any additional information. Nothing in this proposal is, or should be relied upon as, a promise or representation as to the future or a guarantee of future prospects.
  • Use of this proposal is governed by the terms of the confidentiality agreement previously executed by the recipient (the “NDA”). Any person in possession of this Memorandum should familiarize themselves with the terms of the NDA before reading, circulating or using this Material. The information contained herein is considered to be trade secrets and intellectual property of Futurlogic. This material may not be distributed, reproduced or used without the prior written consent of Futurlogic or for any purpose other than the evaluation of the opportunities presented by the person to whom this Memorandum is delivered.
  • Futurlogic has independently verified any of the information set forth herein, including any statements with respect to projections or prospects of the collaboration opportunities presented, or the assumptions on which such statements are based, and does not undertake any obligation to do so. Futurlogic makes any representation or warranty, express or implied, as to the accuracy or completeness of this Memorandum or the information contained herein and neither of such parties shall have any liability for the information contained in, or any omissions from, this Memorandum, nor for any of the written, electronic or oral communications transmitted to the recipient in the course of the recipient’s own investigation and evaluation of the collaboration concepts.
  • By accepting this proposal, the recipient acknowledges and agrees that all of the information contained herein is subject to Confidentiality, and that any proposed actions by the recipient which are not consistent in any manner with the Confidentiality Agreement will require the prior written consent of Futurlogic.
  • The Project. Located in Cabo Rojo, Puerto Rico, Villas de Bahia Boqueron Development Corp. comprises a total of 911 - acres (including a 141 - acre airport parcel) and a white - sandy beachfront that extends over a mile.
  • The property has been assembled through various acquisitions over the last 15 years. Cabo Rojo Land Holdings LLC (CRLH) has entered into a purchase agreement to own 100% of the assembled properties.
  • In addition, the overall development project has garnered support from Puerto Rico’s Department of Economic Development and Commerce.
  • Further, Federal and Local HUD officials have suggested that the project is a likely candidate for a portion of the over $18.5 billion in HUD CDBG Disaster Relief Grants that are being allocated directly to developers to offset development costs that illustrate direct economic development opportunities (primarily job creation, housing and sustainable micro grid systems) for the surrounding communities.
  • HUD has been authorized by Congress to provide grants directly to private economic development efforts.
Pueto Rico
The Business Plan

WARD’s objective will be to continue Prieto’s successful opportunistic real estate investment activities, with focus on repositioning underperforming hotel and resorts in the United States.  At the Crowne Plaza in Syracuse, New York  this will entail the following: 

  • The Property will be converted into a HardRock Hotel and ASNE Club from a Crown Plaza Hotel. 
  • WARD will renovate the existing hotel spaces to meet brand standards and invest in various upgrades to the property that will allow for it’s uses per ASNE Club standards. 
  • WARD will enter into a management agreement with HVMG and Mr. Pro-Fun for the day-to-day operations and construction management. 
  • The ASNE Club:  I.e. Amusement City  will enter into a lease for approximately TBD, now commonly  known as the ballroom spaces, rooftop terrace, restaurant for an annual rent payment of $1,000,000 NNN and will provide a letter of credit of $1,000,000.
The Property

The Cabo Rojo Land Use Plan will be comprised of the following major development components:

  • Full - Service Destination Resort Hotel – 600 rooms with additional guest facilities such as restaurants, swimming pool, fitness center, business center, childcare, conference facilities and social function services
  • A health club and spa of 30,500 square feet
  • Residential – Single- Family - Including a total of 222 home sites; 22 waterfront home sites, 100 ocean view home sites and 100 mountain home sites
  • Residential – Villas - including 328 market rate villa units with the ability of having daily resort management services (potentially fractional ownership with an on - going management for maintenance, rentals and sales) and another 600 affordable/employee villa units
  • Marina – 200 slips with a full - service marina
  • Retail Village – Located in the town center with approximately 25,000 to 50,000 square fee
  • Community Waste to Energy Plant, wastewater treatment/rainwater recapture system and water storage facilities
  • Airport upgraded from 4,000 feet runway to 5,000 feet and terminal

The site plan for the club is currently in development.  The polo fields will serve as a buffer zone between the barns, hangars and the airstrip.  Surrounding areas will be fenced in while an exercise track will encompass the area.  

Physical Details
  • These special lairs feature a unique clam shell mechanism that allows them to open and close, to protect the homes from the elements when not in use.
  • These special lairs feature a unique clam shell mechanism that allows them to open and close, to protect the homes from the elements when not in use.
  • These special lairs feature a unique clam shell mechanism that allows them to open and close, to protect the homes from the elements when not in use.
  • Aston Martin Design, in collaboration with BIG, will develop the interiors and create an oasis that delivers on the promise of a new definition of luxury, modern sustainable living.
Amenities

Amenities:

  • 20th Floor Horizons Ballroom
  • Business Center
  • Fitness Center
  • Sporting Club
  • Barns, Hangar, Turnouts
  • Tracks and Fields
  • Polo Fields
Description

This new luxury enclave is the ideal launch location for a unique collaboration between one of the world’s iconic heritage brands, Aston Martin, and one of today’s most progressive architects, BIG.

These 12 lairs will serve as a beacon for innovation and sustainability. The homes will have advanced sustainable features like alternative energy sources, efficient building materials, and local farm-to-table food sourcing.

They will celebrate a fusion of nature and technology, in the spirit of Q, the mythological inventor from the 007 films.

The Aston Martin BIG Cabo Rojo Lair design is focused on creating a unique, “blended” emotional state for residents and guests:

Compound branding core themes:

  • Covert / Secretive
  • Celebration of craft
  • Love of art
  • Nature integration
  • Heritage meets futurism
  • Fetishizes technology
  • Orchestral
  • Seductive
  • Ethereal Advanced Sustainability - eco-friendly
Features

Swimming pool

Wifi




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