the corran resort and spa agent presentation barrasford and bird
TRANSCRIPT
![Page 1: The Corran Resort and Spa agent presentation Barrasford and Bird](https://reader033.vdocuments.us/reader033/viewer/2022061518/557d9f1fd8b42a34288b492c/html5/thumbnails/1.jpg)
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‘Arriving here is like falling off the end of the world onto a pillow of unadulterated style.’
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• 750 miles of unspoilt coastline
• Rich in heritage and Culture
• 3 National Parks
• 80% of UK visitors to Wales went for a holiday
• M7 Real Estate buying £millions of real estate in South Wales due to price increases
over last 6 months
WALES
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• Known as the ‘Garden of Wales’
• Many quaint fishing villages, including Tenby
• Historic castles to explore
• Miles of coastline with sand dunes
• Dylan Thomas’ boathouse (can be seen from The Corran)
CARMARTHENSHIRE & LAUGHARNE
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• Boutique Hotel
• 21 suites, fine dining, spa, pool and gym
• Voted in Top 100 Hotels in the World twice by Sunday Times
• Current owners dedicated to growing hotel offering,
making it the destination in the region.
• Phase 1 extension scheduled for completion mid 2014, with
phases 2 and 3 starting 2014.
THE CORRAN RESORT & SPA
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• Entirely refurbished in 2013
• Addition of 4 new luxury suites
• New car park and access road
• Helicopter pads for VIP access
• Planning for additional function space, “The Pavilion”
• Planning for spa extension
• Planning for “Orangery and Bar Extension”
THE CORRAN RESORT & SPA PHASE 1
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• Full Planning Permission Granted
• 500 capacity
• Permanent High-End Structure
• Self contained with bar, kitchen, cloaks, offices
• Ideal for large weddings
• Perfect for corporate events
• Only venue in area of this capacity
PHASE 1 The Pavilion
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PHASE 1 The Pavilion
• Due for completion Summer 2014
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PHASE 1 The Pavilion
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• Larger gymnasium
• Sauna and steam room
• Additional Treatment Rooms
• Fitness / Communal Area
• Juice Bar / Lounge area
PHASE 1 Spa Extension
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PHASE 1 Spa Extension
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• Brasserie style eatery with
pizza clay ovens
• Additional bar and restaurant
capacity
• Modular space
PHASE 1 Orangery
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• Full Planning Approval
• Renovation of East House
• 28 Rooms
• Family and Group orientated
• Equine Facility
• Outdoor activities such as quad biking and horse riding
• Corporate team event location
THE CORRAN RESORT & SPA PHASE 2
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PHASE 2
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• Renovation of Malt House
• 28 Rooms
• State of the art recording studio
• Media and live broadcasting venue
• Live venue incorporated into building design
• Wendy House Productions agreement in place
THE CORRAN RESORT & SPA PHASE 3
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• Jerry Meehan, owner of Wendy House is heavily involved with many of today’s leading
music acts, including Robbie Williams
• Wendy House has recorded with some of the World’s most famous acts, including
Adele, Stevie Wonder, Jessie J, Kylie Minogue, One Direction, Bryan Ferry & many more
• Rationale for building studio in Laugharne – residential studio, secluded from media
intrusion, inspiring surroundings
• High End, leading edge equipment list
WENDY HOUSE PRODUCTIONS
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• Events marking DT100 celebrations
• “Live at The Corran” Series of exclusive musical events from grounds at The
Corran, including new Pavilion, Adjacent Grounds and Resort Buildings
• Cultural activities such as comedy, rural markets and fayres
• Corporate speaking events starting with “An afternoon with Shane Williams and
Guests” – March 28th 2014
• Fully supported by CCBC
• Putting Laugharne and The Corran on the international map.
CULTURAL EVENTS FOR 2014
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JUSTIN MARSHALL
Head of Promotions
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SIR CHRIS EVANS
Consulting Partner
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SHANE WILLIAMS
Brand Ambassador
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• Occupancy targets for current year
• ‘Secret Escapes’ online promotions resulted in 2,000 room bookings
• Over 85 weddings booked in the last year alone
• Wedding venue now promoted through hitched.com
• New spa manager recruited from Park Plaza, tasked with turning spa into self
contained business.
• New assistant manager recruited from 5 star hotel resort, tasked with delivering
5-star customer service at The Corran
THE CORRAN OPERATION
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• Andrew King joins as CEO for The Corran Resort & Spa
• Has held roles in many prestigious London hotels including The Cadogan Hotel in
Knightsbridge, The Dorchester and The Clifton
• Worked extensively throughout South East Asia and the Middle East having
managed hotels in Sri Lanka, Kuala Lumpur and Oman.
• Previously employed as GM at Sharrow Bay Hotel in Cumbria for 8 years
• Noted for retaining Michelin Star for 12 years
• Noted for retaining 2 AA Rosettes and 3 AA Red Star Status
NEW RESORT CEO
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• Mr Producer is a Cardiff based bilingual Public Relations company, also specialising in Creative Events and acting as a Celebrity Agency.
• Mr Producer have provided PR services to S4C, Decca Records and the International Musical Eisteffod.
• Creative Producers and Artist Liaison for The Ryder Cup 2010• PR Launches of Wales Millenium Centre and Liberty Stadium• Event managed the BAFTA Cymru Awards• Celebrity Agency secured names such as Catherine Zeta Jones, Katherine Jenkins and
Dame Shirley Bassey• Alternative bespoke service for The Corran, commencing with exclusive ‘soirees’ of
influential guests from Wales and throughout the UK (celebrity and business people) at the hotel, the first scheduled for April 17th 2014
NEW PR COMPANY (WALES)
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• Boutique Da Silva is a London based PR company with a special focus on lifestyle
PR, boutique and luxury hotels
• Mainly represents hotels in UK, but also in Estonia, Switzerland, Cape Verde and
Morocco
• Excellent relationship with UK leading travel writers from Mail on Sunday, The
Times, Metro amongst others.
• Creative thinkers, well organised with a proven track record.
NEW PR (UK/LONDON)
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• Hotel unencumbered
• Buyer contracts directly with freeholder, Kayboo Ltd
• Fixed returns are underwritten by freeholder, Kayboo Ltd
• Ownership based on a 999 year lease
• Room Rate £225 per night year round (increasing by 5% per annum)
• Phase 2 needs only 45% occupancy to pay returns
• Hotel averages 60% occupancy
THE CORRAN OPERATION
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OCCUPANCY
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• 13th Fractions of suites at £33,000 per fraction
• 26th Fractions of suites at £17,000 per fraction
• 9% Fixed Returns for 5 years (from day 1 of purchase)
• 10% Fixed Returns for next 10 years
• 100% Assured Exit Option anytime between years 3 – 14
• 150% Assured Exit Option in year 15
• No additional purchase costs
• On-going fee only £180 per annum for 13th Fraction and £90 per annum for 26th Fraction
• £125 per night discounted usage
THE OPPORTUNITY
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CASH FLOW CHART
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• A group of unconnected buyers can collectively own a property
• Full ownership of the fraction (deeded)
• You can buy any multiple of the fractions
• Less outlay / allows investors to diversify
• Same % returns as a full AND use of all the same facilities
• Can be passed down to heirs
• As each owner is unconnected, owners can all buy and sell independently of each other
(or take the resale)
FRACTIONAL OWNERSHIP
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• The company is set up and administrated by the Fractional Ownership Consultancy (FOC)
• A UK Limited by guarantee company is created that owns the property
• Company is non-trading – Max liability of £1
• The Company has 13 or 26 members
• Annual accounts costs - £180 per annum 13th, £90 per annum 26th
• Each buyer will have to complete a basic due diligence check
HOW FRACTIONAL OWNERSHIP WORKS
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• Cash
• SIPP / SSAS
WAYS TO FUND A PURCHASE
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• £500 / £1000 reservation fee
• No reservation required for SIPP/SSAS
• Balance of funds transferred within 14 days of receipt of contract along with Due
Diligence Questionnaire
• Rental income is paid in quarterly arrears
• Fixed Payments Dates: JANUARY, APRIL, JULY, OCTOBER
PURCHASE PROCEDURE
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• Existing Hotel – Fully sold and paying investor returns
• 18 Month track record of paying in excess of £1,000,000 of returns
• Phase 2 is a renovation and not ‘off plan’
• Contractual fixed returns throughout 15 year term
• Optional, contractual exits after 3rd year
• Viewing trips from £99 per room
SUMMARY
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• ‘ One of the World’s 100 Best Hotels’ – The Sunday Times
• ‘Sophistication and understated chic’ – Daily Telegraph
• ‘The most glorious rural setting’ – Telegraph Luxury
• ‘One of the best hotels in Britain’ – GQ Magazine
• ‘Arriving here is like falling off the end of the world onto
a pillow of unadulterated style’ – The Observer
• ‘The ultimate in chic luxury’ – Travel Glamour
WHAT THE NEWSPAPERS SAY
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‘Your place is utterly, utterly lovely’
Rufus Hound
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THANK Y U