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AB Group Legal & Consulting is pleased to send you this newsletter updating on current projects and works and highlighting future opportunities and possibilities for collaboration.
Enjoy the articles and contact us with any questions, comments or requests for further information. |
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We are seeking investors for a five star hotel to be built one kilometer from Milan Malpensa airport.
The hotel will have 186 rooms and have a five star rating. Building permission was received 3 months ago. A contract has already been signed with one of the major US chains for management of the hotel for 9 years, extendable another 9 years. The hotel chain will pay EUR 2.8 million per year. The investment amount we are seeking is EUR 38 million, resulting in a return on investment of 7.37%. |
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AB Group continues the development of its industrial park near Bucharest, Romania. The market conditions are making the commercialization of the park difficult, as you can imagine.
Construction has continued despite the slowdown in order to be in a position to capitalize on the future uptake of the markets, when it occurs. The New Europe Logistic and Industrial park is one of the very few that has any space available for client move-in in the next 3 months.
An interested client can occupy finished space, whether via sale or lease, within three months of signing a contract. This is a unique selling proposition at this moment and we continue to emphasis this. The banks in Eastern Europe are doing very little acquisition financing and the few loans that are being made are at interest rates that are quite high and most companies are resigned to wait for better days.
If you have interested clients, we are offering attractive prices. Let us know and we will arrange a meeting. |
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We remind our clients that AB Group also provides extensive finance, real estate and legal consulting services and continues to expand its client base. Areas of particular specialty are general legal counsel services to small and mid-sized companies conducting international business, advice on contracting, litigation, the set-up of companies in various jurisdictions, general business and real estate advising.
The legal expertise that AB Group offers is based upon years of experience and training in the USA and Europe as lawyers and advisors. To your added benefit, we are able to advise and work in the Italian, German, Spanish, English, French and Romanian languages. We would love to talk to you about your needs. You find an extensive description of advisory services on offer on the AB Group website at http://www.ab-group.ch/legal.html. If an area in which you need help is not listed, send us an email and we can talk about your business and your needs. |
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AB Group and one of its partner companies have been engaged as financing advisors to a hotel start-up in Italy and Spain. The concept is for a chain of low-cost high-quality hotels throughout Italy and Spain. Some already exist and financing is now being sought for project expansion. The concept is based upon that of budget airlines such as Ryanair and easyJet: each offers efficient, functional, clean and inexpensive service.
The hotel chain does the same by offering very nice rooms with all the amenities such as wireless internet access and satellite television but without the extras offered by more expensive hotels such as exercise rooms and restaurants. Travelers get a very comfortable (relatively small, 20 sqm), clean and functional room for EUR 50 per night double occupancy. The locations are excellent (major airports, convention centres). We feel that there is a market for the traveler – business or pleasure – who needs only lodging and not the other hotel amenities. Permits for some airport locations will be received in the next month and thereafter the next expansion phase will begin. The returns and equity that will be given to investors are very attractive. Contact us if you desire a copy of the business plan, the offering memorandum or the pro forma financials. |
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A German group has approached us about the possibility of working together on a private race track/country club. The idea is to emulate a country club environment that is typically focused around the game of golf but rather than golf, place the focus on the sport of auto racing.
Members would have facilities for the storage and care of their Ferraris, Lamborghinis, Astons, etc and could spend their free time with their friends and families in an idyllic country club environment with gardens, swimming, fine dining and social events while also tearing up the track and pushing the limits of their sports cars.
We think it is a good idea but also obviously one that requires a lot of planning, organizing and financing. It might be a possibility for the near or distant future. Should you or any of your clients also find the idea attractive perhaps we could combine something. |
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| We would love to hear from you. All the best and until the next newsletter, happy life and work. |
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