1. EXECUTIVE SUMMARY

The quick recovery of the travel industry after the COVID pandemic poses some exciting opportunities for tourism and real-estate investment more particularly in Asia-Pacific region. IATA forecasts of over +100% of passenger travels by 20251 in comparison to 2019, prepandemic period. Before the pandemic hit, IATA forecast predicted 8.27 billion Air Travelers in 2037. The global airline revenue forecast as of April 2022 is $501B ‘Accelerated Recovery’2 .

Asia-Pacific is well-known as an all-year-round destination because of the tropical weather. In the context of Philippine economy and investment, the primary target market for this recovery period are US, OFWs (Filipino Overseas Foreign Workers), and other foreign nationals from different countries.

Condominium and hotel casino construction, most especially in Manila, the capital of the Philppines, is dominating the skyline of the Central Business District of National Central Region (NCR). Occupants of these condominium buildings are mostly Chinese and other foreign nationals. The current trend is that they will explore well-known tourist destinations such as Palawan, Boracay, Cebu, Bohol, Davao etc. Beachfronts, swimming pools, and mountain resorts are the most common amenities.

Condominiums are simply a housing segment that support the gaming industry in the Philippines. The occupants who are above average middle-income earners are the people who traveled in many tourist destinations in the country.

This Project will provide a variety and unique amenities not to be found in the Philippines. The value proposition for this Project is to offer a unique, wide-variety of amenities to be explored and will demand a minimum of five days stay to fully explore the amenities and their unique offerings such as:

 Santorini-like hotel and restaurants  Marina  Mountain-view villas & Tropical hut on tree tops  Houses on cliffs These amenities will provide more opportunities in inviting unsolicited investors from abroad and from local entrepreneurs. Having a marina in the development, it will open more opportunities and exposure to foreign investors who are already financially capable to invest. This outside investment opportunity will surely further mitigate the risk profile to the original investor and proponent.

The design of all facilities will be performed by Architect Leonardo Galotera and his design team with the intent to implement the international building code and practices to ensure the development is uncompromisingly world-class.

To minimize the risk for the Capital Expenditure, it is recommended that the execution of the Project is by phases. Phase 1 expenditure is estimated at PHP 2.6B ($44.6M) excluding the professional services of Architect Leonardo Galotera.

The material in this plan is private information and is not to be copied or transmitted. This material constitutes intellectual property pursuant to RA 8293 and not to be disclosed to any party without expressed and written consent from the owner. Revision A, 14 July 2005