Preamble

HRG International as legal entity is planning to construct a world class Gated Private Residential Resort Community and Marina on the east cost oceanfront next to Friendship Bay on the island of Bequia, SVG.

Villas:

The preliminary master plan includes 34, 1.2 acre lots, to be developed as freestanding villas, in average 2,500 sq.ft. in living space, with private pool, complete access to all facilities affiliated with Pearl St. Hilaire Private Club. Preferred Green Fees at Pearl Mt. Wynne, Golf Course. On request full housekeeping, garden maintenance, culinary services.

Condominiums:

88 condominiums comprised of 16 one bedroom, 50 two bedroom and 22 three bedroom units
Condominiums will be marketed as fractional ownership units with 5th, 10th, 12th, ownership fractions, providing ten (10) weeks of usage by owner of a 5th ownership , providing five (5) weeks of usage by owners of a 10th ownership, providing four (4) weeks of usage by owners of a 12th ownership. Full housekeeping, maintenance, administration is provided.
A rental pool will allow owners to provided surplus weeks to manager for rent, with profits being shared between owner and manager.

a) All condo units will have ocean views.
b) All condos will be exquisitely fully furnished with state of the art kitchens, wireless internet, in room entertainment center including plasma TV, DVD/CD player etc.

Pearl Private Club House. A 20,000 sq.ft. Club House will provide all services of a first class hotel, such as fitness centre, spa, restaurant with spectacular ocean views, bar, lounge, business centre, library, games room, and exterior pools.

Location

St. Hilaire on the east cost of the island of Bequia, Bequia can be reached via 45 minutes ride by ferry or a 8 minute flight from the main island of St. Vincent. St. Hilaire is a private peninsula reaching into the ocean and next to the world famous Friendship Bay and views to Mustique and other neighboring islands.

Energy, Environment

HRG International, plans to incorporate a “Windmill” driven energy system, that would provide lower energy costs and be as eco friendly as possible. The system will generate enough electricity that surplus can be sold to state and municipal government. The location of the site makes the usage of wind powered energy very viable. Detailed study will be conducted pre development.

Program Objectives

The primary goal of the project is to develop a debt-free luxury, private sanctuary for an international client that is looking for a fully serviced vacation home that will be managed by a highly qualified Canadian Management Company, removing any and all worries and giving client the freedom to just enjoy the beauty of St. Vincent & the Grenadines. A rental pool will be made available so that surplus weeks will be marketed by manager on behalf of owners. Profits will be split between the owner and manager. Among the necessary objectives to achieve international development status are the following:

a) The development of the highest quality in construction, energy efficient systems, tasteful designed interiors and furniture’s. A full range of state of the art services and amenities, such as high speed wireless internet, plasma TV’s, fully functional business centre with boardroom etc.
b) Creative planning and architectural designs to take full advantage of the beautiful natural habitat and riches of the area.
c) Provide maximum security and privacy for guests, residents, owners and visitors.

Methodology

HRG International has researched the international and local market and an assessment of opportunities for the subject property in determining its highest and best use. The preliminary physical data has been refined to incorporate the regulatory issues, market opportunities and infrastructure requirements. Estimates of development costs and sales have been considered. The financial scope of the projects is expected to exceed US$ 83 million.