Joel Brookes Investment Sales Director 16/04/2018
Agenda • Aria Resorts • Market & Industry Players • Isle of Wight • Colwell Bay • Investment
Who Are Aria • Leisure developer and operator • Acquire, build, refurbish, manage, UK hotels & holiday parks
Aria JV Components • $27b under management. £13b UK investments. • £1.3b + GDV residential development since 2007. • Private equity, finance, strategy, operations
• Cliff top 5 * Boutique hotel in Devon
• Private Beach, spa, pools , cinema, restaurant
• Visit England 5* Holiday Park • Circa 400 units already operational • Additional 300 units in planning • Spa, swimming pool, tennis courts, restaurants, reception • Miles of beach private access
Key Team Members • Richard Carrick Aria Chairman. Ex CEO Hoseaons, My Travel. Forte, Saga holidays, Airtours holidays • Iain Brown Aria CEO. Whitbread, Phones 4U, Threshers Ex CEO SB New Forest. Profits £100k-3.7m in 6 years • Mike Diana MD Angelo Gordon UK & Ireland
Industry Players £1.3b Onex Corp £2.4b Brookfield 2015 2017 £1b Platinum Equity £360m ICG 2016 2018
UK Tourism Market – “Staycation” Tourism market size £137b forecast growth 87.5% to £257b by 2025 (Deloitte ONS) PRS market £51b in 2015. Forecast growth 41% to £72b by 2025 (Savills, PWC, Dclg housing survey) 22% of all UK holiday bed nights in UK holiday parks (Dclg planning for tourism) In 2009 £3.7b spent on UK holiday parks (Dclg planning for tourism)
Isle of Wight • 2.5m visitors / year • £400m of tourism spend / year • 14 award winning beaches, 28 miles of heritage coast • 50% of island designated Areas Of Natural Beauty (Isle of Wight Core Strategy 2012. Isle of Wight Tourism Monitor 2010/11)
Colwell Bay
Colwell Bay, an FHL Investment • Furnished Holiday Let – tax savings • Offset 100% of finance costs against rental income • Capital allowance of circa 25% of property price • Reduced capital gains tax. 10% not 28%
Exit and resale On average operators see an annual churn of 15%-20% On the market – park home, chalet, lodge, c20% of stock sold or under offer 1/3 of our stock to the lifestyle market Parkdean, PWC 2016
Questions?
Recommend
More recommend
