What's Inside /
CONTENTS ONE
Introduction
Undiscovered Jamaica. Untapped Possibilities.
TWO
Sugar Cane Jamaica Value A New Landmark for Luxury.
THREE
Investor Advantage A Fast Track to Future Success.
FOUR
Why Jamaica
The Timeless Appeal of Jamaica - Renewed.
FIVE
Sugar Cane Jamaica
When Paradise Meets Perfection.
Introduction /
UNDISCOVERED JAMAICA. UNTAPPED POSSIBILITIES. Overview: 92 hectares/226 acres of all-new gated development •
• 2.3 km/1.4 miles of pristine white-sand beachfront •
An offshore natural barrier reef creates a natural lagoon with calm waters
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Natural waterfalls and crystal-clear rivers throughout the property
• Pre-approved for real estate and hotel/resort development •
Property title is free of encumbrances
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Picturesque destination with historical significance
Located well outside the crowded tourist destinations of Montego Bay and Dunn’s River, Sugar Cane Jamaica is a secluded enclave tucked away on the island’s lush northern shore. For generations, this stunning piece of untouched coastal land has remained one of the best-kept secrets in the Caribbean.
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This is a destination free from excess traffic, with access only through secure gates. Dedicated security, public lighting, and exceptional privacy create the perfect backdrop for a luxury brand experience... Making History – Again. Until now, there has never been an opportunity to develop the untouched northern coast of Jamaica that is Sugar Cane Jamaica. For decades, it was comprised of two privately owned parcels – the Llandovery Estate and the Richmond sugarcane factory. In fact, the remnants of the historic sugar factory smokestack still stands on the property today as a landmark to the area’s rich cultural past.
Under modern-day ownership, the area is now being developed as a self-contained, one-of-akind Caribbean destination that highlights the best of authentic Jamaican enjoyment plus a full array of state-of-the-art luxuries, amenities, and conveniences.
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Hillside landscape with 360-degree views Oceanfront lots for resort/residential development in a master planned community. Cultural and natural excursion and activity opportunities abound on the island offering guests an authentic vacation experience
From the first moment a guest or resident enters Sugar Cane Jamaica, they are transported to the Caribbean at its purest. This is a destination free from excess traffic, with access only through secure gates. Dedicated security, public lighting, and exceptional privacy create the perfect backdrop for a unique, never-before-seen luxury brand destination experience. introduction
Sugar Cane Jamaica Value /
A NEW LANDMARK FOR LUXURY. Overview:
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Positions the area as a respected luxury destination, without exceptions
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Outstanding safety and peace of mind
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The new “it” destination for luxury resorts catering to today’s traveler.
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10 total luxury resort/real estate plots
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A handful of custom design/build lots at discretion of each plot’s ownership available
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All plots are oceanfront Sugar Cane Jamaica is governed by an association board to ensure the protects the high-end image of all resort properties, but also helps set the area apart from other resort destinations in Jamaica and the Caribbean and maintain property values for many years to come
Among its many attractive benefits, one of Sugar Cane Jamaica ’s strongest advantages is the fully-controlled approach to future development. Unlike traditional land purchases, all ownership in Sugar Cane Jamaica is limited to reputable, established hotel/resort and real estate brands with proven track records for providing consistent quality, safety, and highlevel guest/resident experiences.
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These facilities not only add to the experience, but reduce the total investment cost necessary for any individual property in order to offer a robust assortment of amenities. Pre-Existing Market Appeal In addition to Sugar Cane Jamaica’s exclusive location, controlled environment, and unique natural landscape, the development master plan calls for a number of added-value amenities that enrich any hotel/ resort or residential experience.
These include: • • • • • •
On-site shopping district with fashion, jewelry, and other retail 6-acre casino gaming and entertainment complex 13-acre driving range and short-game golf facility Gourmet Village featuring restaurants from top international chefs and cuisine Club house for area events and gatherings Natural barrier reef presents significant opportunities for dive/snorkel excursions
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These facilities not only add to the overall guest/ resident experience of any lot, but also reduce the total investment cost necessary for any individual property in order to offer a robust assortment of amenities.
Designed to Deliver Development Value Typically, when developing an untapped market in a premier Caribbean destination, there are significant infrastructure costs to consider. At Sugar Cane Jamaica, these will have already been implemented, shortening the construction completion timeline and significantly lowering the total development budget.
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These include:
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• Dedicated water treatment and sewage • Part of a fast-track program for development and construction permits • Off-property designated areas for staff housing available • Secure gated access to entire resort area – no local or through traffic • Public lighting and 24-hour centralized security • Existing beaches are prime/5-star quality without need for beach enrichment • All plots already connected to utilities and other services
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Sugar Cane Jamaica boasts 92 hectares/226 acres of all-new gated development and 2.3 km/1.4 miles of pristine white-sand beachfront Sugar Cane Jamaica Development: • Infrastructure development to begin Q1 2017 • Initial resort property groundbreaking scheduled for Q1 of 2017 • Three hotel/resorts totaling approximately 1,800 rooms
Parcel Name
Hectares
Acres
Rooms
Beach Frontage in Meters
Beach Frontage in Feet
1 2 3 4 5 6 7 8
Hotel Lot 1 Hotel Lot 2 Hotel Lot 3 Hotel Lot 4 Hotel Lot 5 Hotel Lot 6 Hotel Lot 7 Hotel Lot 8
5.36 10.70 5.72 6.34 5.54 5.18 5.74 5.58
13.24 26.44 14.13 15.67 13.69 12.80 14.18 13.79
300 600 450 450 500 450 600 700
183 551.6 160.3 175.6 259.3 204.3 189.9 256.6
600.24 1809.25 525.78 575.97 850.50 670.10 622.87 841.65
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Parcel
Investor Advantage /
A FAST TRACK TO FUTURE SUCCESS.
Conditional approvals have been secured from: •
Jamaica Public Service
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Mines and Geology Department
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Ministry of Health – Environmental Health Unit
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National Environmental Planning Agency – Development Assistance Centre
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National Water Commission
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National Works Agency
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Water Resources Agency
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St. Ann Parish Council
Because all necessary government and official approvals are already in place for the development of Sugar Cane Jamaica, the design/build phase of any resort or real estate project can easily meet accelerated timelines. Feasible schedules will also be provided as guidelines for meeting full approval requirements. The end result is an exceptional opportunity to break ground quickly, and commence construction within months, not years. All plots are being delivered with conditional licensing, permits and density approvals for development of future hotel/resort or real estate properties.
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Pre-permitting means an exceptional opportunity to break ground quickly and commence construction within months, not years.
Sugar Cane Jamaica is able to offer such financial benefits and reductions through The Income Tax Relief Act’s large-scale projects and pioneer industries clause. Positioned for Strong Financial Incentives Another advantage of Sugar Cane Jamaica ’s established support from governmental agencies is its designation as a licensed destination by the Jamaica Tourist Board. This designation entitles any hotel/resort property between 10 and more than 350 rooms to benefit from certain tax and financial incentives that include:
• Employment Tax Credit (ETC) that may lower corporate income tax rates to as low as 17.5% - Most regulated companies are not eligible for the ETC, and typically are responsible for corporate tax rates of 25% • Reduced GCT rate of 10% as opposed to 16.5% for Hotel Incentives Act (HIA) properties • Capital allowances that include a broadened definition of “industrial buildings” to also apply to hotels/resorts • Duty-free imports of equipment and machinery for development
• Revised tariff rates ranging from 0% to no more than 20% (with some exceptions) • Income tax relief for certain overseas lenders who fund licensed hotel and resort cottage operations • Productive Input Relief (PIR) that exempts certain hotel industry-related items from custom duties and Additional Stamp Duties (ASD)
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Sugar Cane Jamaica is able to offer such financial benefits and reductions through The Income Tax Relief Act’s large-scale projects and pioneer industries clause. This piece of legislation is designed to provide improved, more attractive rates for projects determined by Parliament to have significant economic value in terms of capital expenditure, employment creation, and business linkages. Properties may also qualify as pioneering industries if they implement new, cutting-edge, and innovative methodologies and technologies – regardless of project size. SUGAR CANE JAMAICA VALUE
A full list of hotelier tax benefits and provisions may be found at www.jamaicatradeandinvest.org. Please note all government incentives are subject to changes pending legislative updates.
Why Jamaica /
THE TIMELESS APPEAL OF JAMAICA – RENEWED Overview: • Jamaica is the third largest island nation in the Caribbean with a population of approximately 2.8 million • It is one of the few destinations on earth that offers mountains, jungle, rainforest, rivers, waterfalls, and white sand beaches all in a single location • Daily direct flights originating from over 30 U.S. and international cities • One of the world’s most popular honeymoon and cruise destinations • Growing popularity and traffic from European markets •
Recognized standard of welcome hospitality
Year after year, decade after decade Jamaica continues to be one of the most visited destinations in the entire Caribbean. Its year-round warm weather, trade wind breezes, and stunning beach fronts are perennial tourist draws… and these are just the beginning. All of this combined offer developers in the Sugar Cane Jamaica project the opportunity to carve out a unique luxury market niche that appeals to long-time visitors of Jamaica, and those who have never before traveled to the country.
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The Jamaica Experience: • • • • • • • • • • • • •
Dunn’s River Falls The Blue Hole – St. Ann’s Bay River rafting Blue Mountain hiking trips Port Royal pirate tributes & museums Live, local Reggae Cave exploration Forest canopy tours Snorkeling & scuba Sailing & windsurfing Authentic cuisine Locally-produced rum Championship golf why jamaica
The yearly gross visitor expenditure in Jamaica is $2.1 billion, with an average growth of 2.3% in visitors over the past 5 years.
Jamaica Tourism – By the Numbers • • • • • • • •
2015 was the sixth-consecutive year of tourism growth for Jamaica 2015 arrivals were up 4.4% for a total of 1.184 million annual visitors Cruise arrivals were up 10.2% from 2014 to 2015, with a total of 1.5 million visitors There were more than 1.2 million U.S. visitors to Jamaica in 2015 Average growth over the past 5 years for U.S. visitors is at 2.3% Average U.S. visitor length of stay: 7.6 nights Average visitor length of stay (non U.S.): 8.8 nights Gross visitor expenditure in Jamaica (yearly): $2.1 billion
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Sugar Cane Jamaica /
WHEN PARADISE MEETS PERFECTION. Sugar Cane Jamaica represents a one-ofa-kind opportunity to break new ground in a highly popular Caribbean destination – and create a unique brand story. Sugar Cane Jamaica has all the characteristics of a master planned city, a concept that has rarely been available in such a popular resort destination. There is simply no other development like this in Jamaica. long-time visitors of Jamaica, and those who have never before traveled to the country. Here at Sugar Cane Jamaica – paradise is quite literally, whatever you build it to be.
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Sugar Cane
Contact: Ruben Becerra Vice President of Corporate Affairs & Business Development Karisma Hotels & Resorts rbecerra@karismahotels.com | 305-445-1077