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Commercial Proposal for the Sale of Ellaidhu Island Resort - Maldivas



Please see term sheet attached



1. Executive Summary



Ellaidhu Island Resort, a picturesque Maldivian getaway in the Alifu Alifu Atoll, presents a unique investment opportunity in the thriving tourism sector. The resort boasts a variety of modern facilities, recently refurbished villas, and a prime location easily accessible from Malé City. The existing head lease, extendable up to 2094, offers long-term stability for the prospective buyer.



2. Property Highlights



· Location: Situated in the Alifu Alifu Atoll, just 30 minutes by seaplane from Malé City.



· Size: 5.24 hectares of land with 52,445.80 square meters of registered area.



· Facilities: A diverse range of guest accommodations, dining options, recreational facilities, and operational infrastructure.



· Refurbishment: Villas and key facilities have undergone recent renovations (2017-2018), ensuring a contemporary and appealing environment for guests.



· Head Lease: Valid until 2045, with the potential for a 49-year extension under Maldivian tourism law.



· Sublease: Currently subleased to Travel Club Private Limited (Cinnamon) until 2030, generating an annual rent of USD 1,600,000.



3. Investment Considerations



· Established Operation: The resort is currently operational and generating revenue through the sublease agreement.



· Growth Potential: The Maldives tourism industry continues to experience robust growth, offering promising prospects for future expansion and increased profitability.



· Asset Value: The resorts land, buildings, and facilities represent significant tangible assets.



· Favorable Lease Terms: The long head lease with extension possibilities provides security and flexibility for the investor.



4. Sale Structure



· Asset Sale: The sale will encompass all land, buildings, facilities, and equipment associated with the resort.



· Head Lease Transfer: The head lease rights will be transferred to the buyer, free of any encumbrances.



· Consideration: The seller is seeking a competitive offer commensurate with the resorts value and potential.



· Price: USD 31,000,000 (Thirty One Million US Dollars)



· Brokerage: A total of 5% (five percent) of the final sale price is reserved for brokerage fees, to be split equally between te buyer’s and seller’s agents. The seller will be responsible for paying the entire brokerage fee.



5. Confidentiality



All information shared in this proposal and subsequent discussions is strictly confidential.



Disclaimer:



This proposal is for informational purposes only and does not constitute a binding offer. The seller reserves the right to modify or withdraw this proposal at any time.



Please note: This proposal is a template and should be customized to include specific financial details, marketing materials, and any other relevant information to create a compelling and comprehensive offer.

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