J.P.Morgan Investment Banking Pitch Book
APPENDIX
Paradise Island land
Kerzner's total usable, undeveloped land on Paradise Island
Main Club Med (including Option land)
Lot 1 (Hart House)
Lot 2,3 + (Mcweeney House)
West of Phase III (formerly Club Med)
South of Phase III (Trailer park and Helipad)
Hurricane Hole (excluding Marina)
East of Riu on Beach (Parcels F & E)
PI Colony Lot East of Car Park structure
Total acreage
Source: Kerzner management
JPMorgan
Acres
39.4
0.5
1.8
41.7
8.5
7.1
6
0.8
64.1
Comparable transactions
Melk Property - beachfront,
adjacent to Ocean Club Estates
Hurricane Hole Marina
Ocean Club Condo Property
Club Med (adjacent to Phase III)
Acres
7.5
7.0
9.0
41.0
$mm$mm/acre
$15.0
14.0
18.0
40.0
$2.0
2.0¹
2.0
1.0
Weighted average
Source: Kerzner management
¹ Hurricane Hole transaction included a marina with $1mm of annual EBITDA. Total
transaction value of $24mm assumes a 10x purchase multiple for marina
$1.4
PROJECT PLATO 24View entire presentation