Mövenpick Marjan Island is a 418-keys upscale four-star hotel on Marjan Island, Ras Al Khaimah. The hotel is currently under construction and expected to be completed by the end of 2020.The hotel amenities will include a private sandy beach, an all-day-dinning restaurant, two speciality restaurants, indoor and outdoor bars, beach grill, kid club, gym, sauna, steam rooms and a swimming pool with direct access to the beach.
Our Scope of Work: In addition to carrying out several tasks including budgeting, area planning and pro forma cash flow analysis, we were tasked with creating investors’ presentation, investment case studies and teasers, and project funding analysis. We were also commissioned with running land activation options and creating partnership scenarios and assessing the financial viability and risk associated with each. We also designed and developed a turnkey investment opportunity structure. The collaboration between us and the deal team led to the execution of the project under a JV structure with performance guarantees provided by the operator.
Rove Hotel, Ras Al Khaimah is uniquely designed upscale three-star beach hotel located on Marjan Island, Ras Al Khaimah. This 441-keys property has been positioned to be the “hotel of the future” that caters to the needs of young explorers and well-traveled guests who appreciate creativity.
Our Scope of Work: Beside valuing the land, development budgeting, and pro forma cash flow analysis, we were tasked with multiple assignments including the assessment of potential partnership scenarios, SWOT and risk analysis of deal execution options, assessment of funding options, and creation of investment presentations and teasers. In addition, Heat Map designed a turnkey investment structure, and played a key role in securing a self recycled project financing facility.
Barceló Marjan Island is an upscale beachfront four-star hotel with 560 rooms that once completed will be managed by the famous Spanish hotel management group Barceló. The hotel is going to offer mindful design and creative decoration that embraces the UAE’s culture.
Our Scope of Work: We were asked to run complete financial analysis, create partnership scenarios, design a turnkey investment structure, build a cash flow hierarchy and distribution waterfalls, and create product marketing content and investment presentations for investors and sub-developers.
Marjan Island LCC, the leading master developer behind the Al Marjan Island master planned development, tasked us with the design and development of creative land activation and monetization initiatives and concepts including turkey investment, build-to-suit, performance guarantee structures and land development partnerships and JVs.
In addition, we have executed multiple assignments related to the activation of Marjan Island’s land bank including the creation of land activation strategy, multiple development case studies and investment teasers to several investors and sub-developers.
Dream Island is one of the four islands that comprise Marjan Island Master plan development. It will incorporate 5,000 meters of waterfront area, 300 high-end holiday villas, marinas, retail outlet, and resort hotels.
Our Scope of Work: We were asked to design a distribution waterfall structure that reflects a healthy relationship and fair risk-sharing among the partners, introduce innovative products that appeal to individual buyers who seek recurring income and long terms value appreciation potentials (total returns), design competitive land pricing approach and land payment plans and carry out highest and best land use analysis.
The Hotel Staff Village in Ras Al Khaimah will be the region’s first staff accommodation project designed to provide high-quality living standards to the staff of existing and upcoming hotels in Ras Al Khaimah. The first phase of the development will comprise 10 staff accommodation buildings that provide more than 2,000 units and one multipurpose building that houses different amenities and facilities.
Our Scope of Work: We’ve assisted the partners with deal structuring, validation of economic returns, funding solutions and analysis , uses & sources of cash, budgeting, cash flow analysis , profit distribution mechanism and assets allocation among the partners. The project has been approved, and construction is expected to start by mid-2019.