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HOTEL CIRQUE DU SOLEIL

HOTEL CIRQUE DU SOLEIL. San Juan, Puerto Rico by Flor de Cana Development Group. Treasury Dept Parking. Bus Terminal& Parking. Treasury Dept. Bldg. Residential Development. Sheraton Hotel Old San Juan. Project Site. Vacant Land. Cruise Pier. Development Program Highlights:.

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HOTEL CIRQUE DU SOLEIL

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  1. HOTEL CIRQUE DU SOLEIL San Juan, Puerto Ricoby Flor de Cana Development Group

  2. Treasury Dept Parking Bus Terminal& Parking Treasury Dept. Bldg Residential Development Sheraton Hotel Old San Juan Project Site Vacant Land Cruise Pier

  3. Development Program Highlights: • 9 story hotel tower: 266 rooms • 223 rooms at 300 s.f. and 43 rooms at 520 s.f. • 9 story condo-hotel tower: 112 units • 83 units at 750 s.f. and 29 units at 925 s.f. • 30,000 s.f. Cirque theatre: 1,200 seats • 43,296 s.f. of luxury retail • 9,500 s.f. signature Nobu restaurant • 10,000 s.f. spa • 227,700 gross s.f. of parking on 4 levels • 465 total stalls @ 475 s.f. per stall • Total Development Program (excluding parking) • 380,000 gross square feet

  4. Ground Floor  Second Floor 

  5. Third Floor  Tower View 

  6. Market Segments: • Tourists/Cruise passengers • Business travelers/Convention Center attendees • Area workers and residents • Second-home purchasers from US and Latin America

  7. Cruise Passengers Port Of San Juan: • 4th busiest Port globally • Serviced by 40 cruise lines • 1.2 million in 2006 growing to 1.7 million by 2011 • 7.3% CGR • Average retail expenditure on shore: $100.00

  8. Cruise Ship Passenger Table:

  9. Condo-Hotel Analysis:

  10. Hotel, Casino Analysis:

  11. Hotel Branding Concept: • Cirque is 22nd most recognized brand worldwide • Resident productions are proven hotel/retail draw • Strong co-marketing opportunity (Celebrity Cruise Lines, national travel agencies and website, e.g. Expedia) • 1,200-seat theater will drive retail and restaurants with twice daily shows • Myriad will design/operate restaurants & room service • First Nobu restaurant in Puerto Rico

  12. Sources, Uses, and Financing:

  13. Total Project Cash Flows:

  14. Team Flor de Cana PM: A. Salomon Finance:M. RitzC. FlynnS. McVay Presentation/Loan Package:D. BinfordL. FolkesJ. Denocourt Market Analysis:A. WallaceJ. McKeownA. Kim Design:M. GonzalezB. EzraA. Finley

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