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Jumeirah Beach, Dubai, UAE Owner: DAS Holding, Abu Dhabi Open April 2012

Jumeirah Beach, Dubai, UAE Owner: DAS Holding, Abu Dhabi Open April 2012. Special features

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Jumeirah Beach, Dubai, UAE Owner: DAS Holding, Abu Dhabi Open April 2012

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  1. Jumeirah Beach, Dubai, UAEOwner: DAS Holding, Abu Dhabi Open April 2012 Special features This 5 Star Dubai hotel offers all the services of a luxury International landmark; blending its origins with the best of the local culture: Quality hotel accommodation with impressive views of the Arabian Gulf, butler service,Club Plaza, super Deli, SPA & Fitness Center, Beach access Modern Century‘s signature “ConFi” concept, and uniquely designed restaurants & bars

  2. Jumeirah Beach Residence Hotel – Plot A-04 Property and building description • Built up area Guest rooms 20,306 sq.mt - Public Facilities 4,620 sq.mt Support Facilities 5,849. sq.mt Grand total 30,775 sq.mt *Excluding basement parking • Number of Rooms 342 • Number of Floors 26 Guest room levels + Penthouse • Basement area 5,617 sq.mtrs – 145bays for guest car parking • Podium level – 1 Terrace & Garden Area – approx. 1000 sq.mtrs Restaurants & lounges – approx. 620 sq.mtrs Swimming pool - Pool bar - Bridge to the beach • Podium level – 2 GymnasiumLockers / changing rooms / 2 massage rooms / Plant & electrical rooms

  3. The Modern Century Plaza Dubai Jumeirah Beach, is located right on the JBR’s famed and sought after “ JBR Walk”. • Perfect for Holiday seekers and business guests alike, this luxury hotel offers 342 rooms and suites all with breathtaking sea views, private balcony and beach access, an ideal location in the Dubai Marina. Three restaurants and bars propose a great variety of culinary choices . • Each of the Standard, Superior rooms and Suites offer over 37 sq/m of indoor space excluding their own private balconies. In-room services include: • High Speed Internet • Generous work space • Safe Deposit Box • Minibar • Signature Bathroom amenities and Toiletries • Tea & Coffee making facilities • Mood lighting • Interactive TV and In-room entertainment system with superior Audio Visuals • In-room dining menus Jumeirah Beach

  4. Required Investment With the high aptitudes of this superb JBR Property, within its size, facilities and prime location rests a great deal of opportunities for vigorous investments. For it to be the true ME flagship of Modern Century Hotels. Hence, for a grand opening (within 9 months from hand over) the following well thought budget was prepared based on international five stars standards:- • FF&E (Furniture, Fixtures & Equipment): AED 50 Million • Pre-opening Budget (6 months wages, benefits & Marketing):AED 15 Million • OS&E (Operating Supplies & Equipment) AED 15 Million • First year’s Loan Payment : AED 26 Million *Currently negotiating a one year of operation as a grace period * GRAND TOTAL AED 106 Million

  5. Consolidated Statement of Income & ROIJanuary 1st , 201210 years “P & L” projections Expected returns; loan payment are 26 Million for the first two years and then 30 Million + 3 % of GOP as of the 3rd year onward. 1- FF&E Financed on a six years term + Interest & 30 Mil Financed on 10 years:- Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Occupancy 65.0% 70.0% 75.0% 77.0% 81.0% 84.0% 85.0% 85.0% 85.0% 85.0% Total Rev 98,201 115,629 130,647 140,246 151,116 159,069 164,060 178,572 188,384 193,741 Base M Fee 982 1,156 1,306 1,402 1,511 3,181 3,281 3,571 3,768 3,875 G.O.P. 38,539 48,609 54,924 61,683 68,864 72,287 74,918 84,304 89,539 91,237 Incentive M Fee 3,133 3,972 4,630 5,165 5,636 5,937 6,144 6,886 6,663 7,525 Incentive Rent 3% GOP - - 1,984 2,213 2,415 2,545 2,633 2,951 3,141 3,225 Lease to Landlord 26,000 26,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 FF&E Repayment 11,700 11,700 11,700 11,700 11,700 11,700 - - - - 30 ML Loan Repayment 4,000 4,000 4000 4,000 4,000 4,000 4,000 4,000 4,000 6000 Group – Returns (2,294 ) 2,937 2,610 8,605 15,113 18,105 32,141 40,467 45,735 46,487 48,500 * Investor May enjoy an interest of 6% with 31% ROI = 42 Mil in 10 years term of loan

  6. Consolidated Statement of Income & ROIJanuary 1st , 201210 years “P & L” projections Expected returns; with the loan payment are 26 Million for the first two years and then 30 Million + 3 % of GOP as of the 3rd year onward. 1- FF&E Financed on a six years term + Interest:- Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Occupancy 65.0% 70.0% 75.0% 77.0% 81.0% 84.0% 85.0% 85.0% 85.0% 85.0% Total Rev 98,201 115,629 130,647 140,246 151,116 159,069 164,060 178,572 188,384 193,741 Base M Fee 982 1,156 1,306 1,402 1,511 3,181 3,281 3,571 3,768 3,875 G.O.P. 38,539 48,609 54,924 61,683 68,864 72,287 74,918 84,304 89,539 91,237 Incentive M Fee 3,133 3,972 4,630 5,165 5,636 5,937 6,144 6,886 6,663 7,525 Incentive Rent 3% GOP - - 1,984 2,213 2,415 2,545 2,633 2,951 3,141 3,225 Loan 26,000 26,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 FF&E Repayment 11,700 11,700 11,700 11,700 11,700 11,700 - - - - Group – Returns (2,294 ) 6,937 6,610 12,605 19,113 22,105 36,141 44,467 49,735 50,487 “Investor with 30 Mil. Injection; may enjoy a 8% of 15 years profit (1st term of DAS Contract) and 5 years Extension = Minimum 49 Mil.

  7. Consolidated Statement of Income & ROIJanuary 1st , 201210 years “P & L” projections Expected returns; Loan payment are 26 Million for the first two years and then 30 Million + 3 % of GOP as of the 3rdyear onward. 2- FF&E covered at opening:- Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9 Year 10 Occupancy 65.0% 70.0% 75.0% 77.0% 81.0% 84.0% 85.0% 85.0% 85.0% 85.0% Total Rev 98,201 115,629 130,647 140,246 151,116 159,069 164,060 178,572 188,384 193,741 Base M Fee 982 1,156 1,306 1,402 1,511 3,181 3,281 3,571 3,768 3,875 G.O.P. 38,539 48,609 54,924 61,683 68,864 72,287 74,918 84,304 89,539 91,237 Incentive M Fee 3,133 3,972 4,630 5,165 5,636 5,937 6,144 6,886 6,663 7,525 Incentive Rent 3% GOP - - 1,984 2,213 2,415 2,545 2,633 2,951 3,141 3,225 Lease to Landlord 26,000 26,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 30,000 FF&E Repayment 0 0 0 0 0 0 MC Group – Returns 9,40618,637 18,310 24,305 30,813 33,805 36,141 44,467 49,735 50,487

  8. The TWO Dining ROOM Concepts *Contributing factor to the Bottom line Signature The hotel signature restaurant offers Specialty Nutrition Cuisine, with an innovative edge. Dining in a cool and laid back atmosphere, enjoying the taste of fresh Italian ingredients, to include home-made pasta, accompanied by an exclusive selection of Italian wines FUSION BRASSERIE The Fusion Brasserie features "A la carte" menu, offering trendy Asian and Exotic delicacies. The Live Bakery and Rotisserie will add to the most enchanting ambiance. The perfect venue to enjoy a Friday Brunch, or dine on the outdoor terrace, offering expansive sea views. Type of cuisine: South East Asia Asian & Far Eastern Room service 24 hours

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