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149 000 €
149 000 €
| Sale price | 149 000 € |
| Price per square meter | 2 980 € |
| Floor area | 50 m² |
| Construction phase | Off-plan |
| Number of storeys | 5 |
| Floor | 5 |
| Address | Maldives, Tulusdu |
| Location | at the seaside, on a SPA-resort |
| to the beach | 20 m |
| Profitability | |
|---|---|
| Annual return | 14 % |
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Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100% |
|
| Annual income | 19 393 € |
|
Annual rental revenue, excluding operating expenses |
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| Pay-off period | 7 years |
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Rental income covers all the expenses in |
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| Credit conditions | |
|---|---|
| Possible payment by installments | |
| Contract period | up to 3 years |
Income of 10% during the construction period.
A share in the Radisson hotel chain.
The key thing is that the contract with Radisson has already been signed. The development company has all the permits for construction and land. The state capital of Maldives is part of the company.
Project Description:
1. The essence and positioning of the project
The investment is offered in the commercial area (F&B, SPA, boat transfer) of a five-star hotel in the Maldives, which is operated by the international operator Radisson Hotel Group. Maldives is a steadily growing resort market with a currency pegged to the US dollar, which reduces currency risks. Global brand management and a well-developed loyalty program ensure stable loading and recognition.
2. Income structure and diversification
The project offers several sources of income at once: two restaurants (buffet and a la carte), a SPA complex and a high-speed transfer service. Such diversification protects the investor: if one direction temporarily subsides, others compensate for the losses. The transfer has a structural monopoly: guests can only get to the island by the hotel's boat, which guarantees a predictable income in this area.
3. Investment mechanics and profitability
The investment is organized through SPV (Special Purpose Vehicle), a specially created company that owns shares in the business (restaurants, SPA, transfer). The investor buys a stake in this SPV.
* Entry threshold: 149,900 euros (1% of the total capital of the SPV).
* Projected annual return (cash yield): 12.9% per annum in the first 3 years (at 14,990 euros), then 10% per annum (at 19,393 euros).
* Estimated ROI: for the entire period of ownership (5 years), about 14% per annum is expected.
* Payback period: approximately 7.5 years.
The document provides a detailed financial model: gross revenue is about 7.5 million euros per year, SPV net profit is about 1.94 million euros (net profit margin is 25.8%). Income and expenses are listed for each destination (restaurants, SPA, transfer).
4. Legal structure and protection
The investor receives a share in the SPV through a Share Purchase Agreement. To ensure profitability, a Guaranteed Return Agreement is concluded, as well as a lease agreement for a commercial area with the operator. This allows you to separate operational risks from the obligation to pay income to the investor.
5. Exit strategy and liquidity
The expected ownership period is 5 years. Exit from the investment is possible through the sale of the share back to the operator or a third party. The valuation for the sale is linked to the EBITDA multiplier (8.5x), which allows you to calculate the estimated value of the share at the time of exit.
6. Risks and sustainability
Strong brand, monopoly on transfer, diversification of flows. However, the Maldives is characterized by seasonality and dependence on global tourism trends. It is also worth considering currency risks and operating expenses (payroll, purchase of products, and the Radisson brand fee — 20% of revenue).
7. Additional details
The calculations took into account the hotel's workload (65%), the average bill for restaurants and services, and a high penetration rate of guests into F&B and SPA services is predicted.
