Resort Investment Memo

;;;;;;;Joint Venture
The ;;;;;;;; Resort
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Final Investment Memo

Prepared For:
&RPSDQ\Fund
Portfolio Manager
;;;;;;
Acquisition Team
[[[[[ – Assistant Portfolio Manager[[[[[[[[ – Sr. Analyst
[[[[[[ – )XQG Advisor

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TABLE OF CONTENTS
Executive Summary

1

Investment Overview

……………………………………………………………………………

1

Deal Structure……………………………………………………………………………

1

Investment Rationale

……………………………………………………………………………

1

Portfolio Strategy

……………………………………………………………………………

2

Development Summary

……………………………………………………………………………

2

Timing Update……………………………………………………………………………

3

Partner/Developer

……………………………………………………………………………

3

Hospitality Operator

……………………………………………………………………………

4

General Contractor

……………………………………………………………………………

5

Golf Course Contractor

……………………………………………………………………………

5Golf Architect

……………………………………………………………………………

5

Marketing Team

……………………………………………………………………………

6

Additional Consultants

……………………………………………………………………………

6

Due Diligence Updates6

Utilities, Zoning and Permits

……………………………………………………………………………

6

Budget Review

……………………………………………………………………………

7

Feasibility Study

……………………………………………………………………………

7Environmental Assessment

……………………………………………………………………………

8

Hurricane Considerations

……………………………………………………………………………

8

Title & Survey

……………………………………………………………………………

9

Legal Structure……………………………………………………………………………

9

Background Checks

……………………………………………………………………………

10

Proposed Financing

……………………………………………………………………………

10

Open Due Diligence Items……………………………………………………………………………

10

Conclusion

11

Returns Summary

……………………………………………………………………………

11

Exit Strategy

……………………………………………………………………………

11

Strengths & Benefits

……………………………………………………………………………

11

Issues & Risks……………………………………………………………………………

11

Recommendation...