FEASIBILITY ANALYSIS / POSITION PAPER

A thorough and objective report evaluating the potential success of a resort project from financial performance perspectives. The analysis includes a comprehensive report containing a wide range of conclusions and recommendations, full supporting documentation and a pro forma cash flow analysis addressing appropriate variables relating to costs and revenues.

The Analysis provides recommendations on:

• Whether the project is perceived to be economically viable
• If, so, what would likely be the optimum Product mix
• The number of units
• The bedroom configurations and floor areas
• Product format and recommended size of shares
• Recommendations regarding the proposed usage plan/reservation system
• Pricing
• Anticipated sales pace
• Amenities, services and owner benefits
• Estimated financial performance
• Sales volume
• Product costs
• Operating costs
• Before-tax profit
• Implementation scenarios