J.P.Morgan Investment Banking Pitch Book
KEY TRANSACTION CONSIDERATIONS
A change in control could have a meaningful impact on valuation
A study of Kerzner's partnership agreements will be needed
to determine any change in control consequences for new acquirer
JPMorgan
Sentosa - 60% interest in JV with CapitaLand
Dubai - 25% interest in JV with Istithmar
The Residences at Atlantis - 50% interest in JV with Turnberry Associates
BLB Investors - 37.5% interest in JV with Starwood Capital and Waterford Gaming
Cape Town - Agreement with Victoria & Alfred Waterfront (Pty) Limited
Second phase of Harborside at Atlantis - timeshare JV with Starwood Hotels & Resorts
One & Only
Kanuhura, Maldives - 18.75% interest
Palmilla, Cabo, Mexico -50% interest
Reethi Rah, Maldives - Variable interest entity owned by Reethi Rah Resorts
Royal Mirage, Dubai - Management only
Le Saint Géran, Mauritius - 20.4% interest
Le Touessrok, Mauritius - 20.4% interest
Sugar Beach, Mauritius - 20.4% interest
La Pirogue - 20.4% interest
Le Coco Beach - 20.4% interest
Ocean Club Residences & Marina
KERZNER INTERNATIONAL 12View entire presentation