North Haijia Lai resort hotel project promotion materials
RESORT
JOYLIFE BEIHAI

Taylor Investment Co., Ltd. Tianjin has a stake in the North Haijia Lai Resort and debt transfer project was August 20, 2009 in Tianjin Property Rights Exchange listing (please visit website Tianjin Property Rights Exchange Market
www.tprtc.com). Listed deadline for the September 16, 2009.

North Haijia Lai Hotel stock transfer is the transfer of party policy requirements, must withdraw from the project in a specified time. The project assets are:
1, two apartment-style residential buildings tower. A total of 288 sets, each have about 110 square meters, 130 square meter two-compartment three rooms, each with an independent real estate license, can be independent sales.

2, the bottom layer of the tower, second floor of the hotel lobby, restaurant, conference rooms and hotel facilities. The Guangdong Chinese Restaurant business is very hot, its highest turnover in the forefront of the North Sea.
3, supporting an integrated building, building area of 8010 square meters, the main 10-story, the main completed.
4,24 villas set.
5, the construction of commercial and residential.

The assets of the area is about 50 acres, warrant complete, no collateral. Purchase price of 165.5 million yuan. These assets can be sold for residential apartments, villas and construction in all the possible existence of secondary development.

Project, as follows:

North Haijia Lai Resort was established in April 18, 2005, is the only one of Beihai City in accordance with the construction of five-star standard, which provides room, dining, conference, leisure and other services, multi-level luxury apartment-style resort hotel. Hotel located in 89 Yunnan Road, Beihai City, Beihai, local attractions and only 10 minutes from Silver Beach Nature Reserve, and the North Sea is also only 20 minutes from the airport, location, traffic is extremely convenient.

First, the hotel property asset position
Hotel Main Building:

Two 24-layer wall structure by the tower and connect the two buildings composed of two layers of auxiliary facilities, designed for the residential and commercial uses, and various infrastructure and supporting facilities, property man-made industrial development Co., Ltd. Hainan-day letter, the total building area about 43,000 square meters, of which a layer of the hall, and other supporting establishments Commerce at the Bottom:

Second floor of the Guangdong Chinese Restaurant, by the composition of the 20 VIP luxury suites can be a variety of large-scale wedding and banquet business, and hired chefs, sooner or later to provide and authentic flavor tea Guangdong and Hong Kong, by the local and the Quartet guests loved the local food industry more competitive.

Three to 20 layers for the hotel rooms, a total of 288 sets (each suite has a separate certificates of title, for sale), all in accordance with the two-bedroom or three bedroom design, each room are equipped with central air conditioning, living, kitchen, customers with safe, free high-speed Internet access, 24 hours hot water bath and other facilities to meet domestic, commercial and other multi-level needs.

In addition, the main building are equipped with several different size meeting and banquet venues, may hold more than a dozen people from the board to hundreds of major conferences and celebrations, and a number of experienced conference and banquet managers to provide professional planning proposal.
In addition, after the main building also has a comprehensive leisure facilities, from the elegant tennis, fitness stimulating, comfortable swim to the interest of the children's maze full of juvenile park, well-equipped, suitable for all ages.
Comprehensive supporting floor:

Located on the south side of the main building, with the main building with a total area of 34 acres, property man-days letter Industrial Development Co., Ltd. Hainan, planning construction area of 8010 square meters, the main 10-story, one layer 1-7 tea house, KTV private rooms, sauna and other entertainment matching function, 8 floor large conference room, 9-10 levels for the devices. At present, the floor of the main building has been completed, are improving the fire, elevators, air conditioning and strength of electrical and other ancillary works, the continued construction of complete procedures.
Wang Silver Villa:

Located east of the main building, a total of 24, respectively, three, four-story brick building, each area ranging from 200-500 square meters (each villa has a separate certificates of title, for sale), total construction area of 9152.52 square meters, accounting for land area of about 8354 square meters. North Sea day people believed home ownership limited liability company. Currently the main villa and Wai Yan project has been completed, part of the villa has been renovated and in use temporarily as office space and staff quarters.
Hongyin commercial and residential:

Villa is located in the south of Hong silver, covers an area of 3876.1 square meters, building area of 9,458.00 square meters planning, the volume ratio of 2.44, the North Sea day people believe home ownership limited liability company, just completed development of two-story frame after suspension date, the continued construction complete procedures.

None of the above property assets and any form of external security guarantees set, clear and undisputed ownership, there is no obstacle to any transfer.

Second, the financial and operating conditions of the hotel
As of February 28, 2009, the hotel nearly three years, assets, liabilities and income as follows:

Unit: million

Year

Total assets

Total liabilities

In which liability of shareholders

Asset-liability ratio

Net assets

Undistributed profit

2006

22962

16474

16,600

72%

6487

587

2007

24525

17464

16587

71%

7061

1161

2008

25598

17957

17331

70%

7641

1741

February 2009

25839

18122

17331

70%

7717

1817

Year

Main income

Core profit

Operating profit

Total profit

Profit growth

2006

2043

728

484

486

-

2007

2481

902

560

573

18%

2008

2744

917

572

579

1%

February 2009

414

125

77

77

-

Excluding finance costs and depreciation, the hotel nearly three years, assets and enterprise retained profits increased year after year, sales have been among the top three North Sea, the list of local food sector, the decline in profit growth in recent years as revenue growth from staff Material costs rose faster. Business operations and more than 90% of construction funds from the Shareholders, most of the external debt as current liabilities.

Third, the hotel ownership structure operations related companies
Tianjin Taylor Investment Limited ("Tianjin Tate & Lyle")

North Haijia Lai Resort Limited ("Hotel Company")

Hainan days of the Industrial Development Co., Ltd. letter
North Sea Branch of Hainan letter day

North Sea Letter Days Ltd home

4, transfer case and the parties hold an interest

Transfer Fangjin Tai Lai is in Tianjin Huayuan New Technology Industrial Park registered state-owned enterprises established in January 2009 with registered capital of 80.57 million yuan, the Tianjin Haitai Holding Group Co., Ltd, Tianjin TEDA International Holding (Group) Co., Ltd. and Tianjin Ying Xin Heng Investment Consulting Co., Ltd. letter to establish a joint venture mainly engaged in using their own funds on transportation, energy, high-tech enterprises, to carry out real estate investment, they sell the hotel property management, asset restructuring mergers and acquisitions, and investment consulting intermediate business.

At present, Tianjin Taylor holds a hotel company 59 million yuan registered capital of 100% of the equity and debt 199.41 million yuan (accounting adjustments), above the original debt plus equity amounted to 258.41 million yuan investment. As the higher requirements of the development group will take the hotel company divestitures, the equity plus debt for this program to 168 million yuan for foreign transfer.

5, means the transfer of property assets

At present, the hotel main building of the property cards and integrated support building projects under construction are a wholly owned subsidiary registered in the Hotel Industry Development Co., Ltd. Hainan days of the letter name, villas and macro macro Silver Silver both commercial and residential projects under construction in Hainan-day registration wholly owned subsidiary of the letter home limited liability company under the name of the North Sea. Bring change to reduce the cost of real estate warrant spending the most economical way to transfer assets to debt-type stock transfer, that the transferee of assets for the return of Gia Lai Hotel owes my company money, while the company acquired 100 of the Gia Lai Hotel % stake, in order to achieve the North Haijia Lai hotel assets ownership and control.

6, North Haijia Lai advantages and prospects of the hotel project

The above hotel on the North Haijia Lai described the status of assets and operations, combined with the North Sea and the surrounding regional economic development trend, we believe that the hotel and the region Gia Lai Hotels with levels compared with the following core advantages:

First, property rights are clear and complete, the project layout is reasonable, have great potential for development and construction. The Portfolio may continue to do one big hotel business, now in Beihai City, Gia Lai Hotel enjoys a certain reputation, villa can be extended to high-end client area, the macro can further develop silver composite, comprehensive floor can be externally rent as a multi-service area. The existing property as the hotel has great room for development. On the other hand can do real estate operation of the main building 288 hotel rooms have an independent property right certificate can be sold as apartments, 24 villas for sale after the macro can be removed to re-develop residential, commercial banks.

Second, a certain brand, high value of intangible assets. Although the hotel has opened a short time, but with food, entertainment and other special services, to establish the high reputation in the North Sea, to form a stable customer base, handles small business meeting with several dozen, high brand value.

Third, the hotel financially sound, a sound governance structure, forming a perfect operating system service. The original shareholders of Tianjin Trust & Investment Co., Ltd. is not only a lot of manpower, material and financial resources to build the hotel, also focused on optimizing the hotel ownership structure and governance structure, through a series of equity, debt restructuring, so the hotel and the formation of a subsidiary wholly owned step by step Holding the management structure, and to assist the hotel management to improve various rules and regulations, greatly improving the decision-making and operational efficiency.

Fourth, adequate staffing, reasonable structure, business development ability. Hotel opened three years, has formed a well-trained, with extensive marketing, reception and conference host team experience, stability, middle and primary service team can deal with various emergencies and unexpected circumstances test.

Since 2006, with the North Bay Economic Zone and the establishment of member-ASEAN Expo to strengthen economic and cultural exchanges, the economic development into a positive. As one of the few North Sea port city of Guangxi autonomous region, highlighting its increasing importance, implying huge potential and opportunities. We have reason to believe that the real estate market heating up as the North Sea, North Sea, the development of the tourism market, the economy off the North Sea, North Haijia Lai hotel's business development and growth along the scale will also provide investors with a more substantial investment income.

August 2009

Tags: Gia Lai Resort, materials, North Sea, prices, project promotion, real estate