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Project Summary

To develop a 200 unit integrated resort hotel totalling 175,000 square feet. This mixed use development comes equipped with indoor waterpark & indoor/outdoor spa, convention centre, state of the art gym, kids activity zone, trampoline area, outdoor mini golf, bingo hall, 5 restaurants including buffet and a la carte.

  • The estimated cost of this project is $85 million CAD, the general partnership needs to raise $40 million dollars from limited partners, which represents a 70% ownership.
  • Once the $40 million in equity is contributed to the project, at that point financial institutions are willing to lend the balance needed to fund the complete project.
  • We currently have 260 acres of land under contract on the border of Prescott and North Augusta. This land is located at 1898 Merwin Lane and has approximately 800 meters of frontage along the 401 south side. This land is strategically located 3.5 hours from Toronto, 2 hours from Montreal and 1 hour from Ottawa, there are also three international bridges close by; Cornwall, Johnstown and Gananoque.
View Feasibility Report

Researched Data Points

WHAT MAKES FOR A SUCCESSFUL RESORT

People are talking

Extra Stuff

  • 30% spent of staffing.
  • 15% spent of debt/insurance.
  • 10% spent on marketing.
  • 20% spent on maintenance.
  • 10% spent on utilities.
  • 15% spent on food and cogs.
  • 35% of revenue comes from admission/day passes.
  • 20% from hotel room bookings.
  • 15% from convention and conference.
  • 15% from food and beverage.
  • 5% from merchandising.
  • 1% from locker rentals.
  • 9% from other.
  • Other revenues may be generated from aqua aerobics, swimming lessons, surf simulator lessons.
  • Suggested price point for children 16 and under $18 to $22 Monday to Friday, $25 to $27 Saturday, Sunday.
  • Adults $32 to $35 Monday to Friday, $38 to $42 Saturday and Sunday.
  • Jan 7%
  • Feb 4%
  • Mar 10%
  • April 7%
  • May 7%
  • June 11%
  • July 16%
  • Aug 12%
  • Sept 8%
  • Oct 5%
  • Nov 3%
  • Dec 10%
  • Estimated number of employees will be approx. 250 full and part time depending on low season vs high season.
  • Financing rate for construction 10– 12%
  • Financing rate post construction 8%
  • Term 5 – 20 years.
  • Amortization 20 years.
  • Loan to value 60% max.
  • Cost of construction per square foot depending on the level of attractions on average can be $350 to $500 per square foot.
Contact Us For More Info
1989 Merwin Lane
Augusta, Ontario

Contact

Feel free to use the email below to get in contact with us. We will receive your email and respond within 24 hours. We are looking forward to communicating with you.

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