Keenjhar Lake Resort Project - Sindh Board Of Investment ...
Keenjhar Lake Resort Project - Sindh Board Of Investment ...
Keenjhar Lake Resort Project - Sindh Board Of Investment ...
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14.3.1 Revenue Assumptions<br />
Except otherwise indicated, these charges are expected to grow annually at 7% per annum. Rates<br />
indicated in the assumptions below are exclusive of any applicable taxes and levies.<br />
14.3.1.1 <strong>Resort</strong> and Hospitality<br />
As indicated under section 10.4, the resort and hospitality segment includes the following <strong>Project</strong><br />
components under the <strong>Resort</strong> Zone:<br />
►<br />
►<br />
►<br />
Chalets: 2-bed; 38 chalets and 1-bed; 38 chalets.<br />
Serviced Apartments: 2-bed; 112 apartments.<br />
3 to 4 star category 75 room resort with 1 specialty restaurant and 2 normal restaurants.<br />
Chalets<br />
► Occupancy: 2 bed chalets – 34%; 1 bed chalets – 36%.<br />
► Occupancy levels are weighted on average occupancies applied throughout the year, using<br />
different occupancy levels for peak seasons and for off-peak seasons.<br />
► Occupancy levels are projected to grow @ 2% per annum subject to a maximum weighted<br />
occupancy of 45% on an overall basis.<br />
► Charges: 2 bed chalets – PKR 17,500 per stay; 1 bed chalets – PKR 13,500 per stay.<br />
Serviced Apartments<br />
► Occupancy: 2 bed apartments – 34%.<br />
► Occupancy levels are weighted average occupancies applied throughout the year, using different<br />
occupancy levels for the peak seasons and the off-peak seasons.<br />
► Occupancy levels are projected to grow @ 2% per annum subject to a maximum weighted<br />
occupancy of 45% on an overall basis.<br />
► Charges: PKR 16,000 per stay.<br />
<strong>Resort</strong><br />
►<br />
<strong>Resort</strong> assumptions are summarized below:<br />
Category Units Capacity<br />
Charges<br />
in PKR<br />
Basis<br />
Occupancy*<br />
<strong>Resort</strong> Rooms 75 n/a 10,000 Per night 30% - 35%<br />
Restaurant 1 – Specialty 1 150 1,000 Per Person 40% - 45%<br />
Restaurant 2 & 3 – Normal 2 300 500 Per Person 50% - 55%<br />
* Occupancy levels indicated for first 6 years of operations only.<br />
►<br />
►<br />
Table turnover for Restaurant 1 is assumed at 1.5x and for Restaurant 2 & 3 the turnover is<br />
assumed at 2.0x.<br />
Food and Beverage charges for <strong>Resort</strong> rooms is estimated at PKR 1,000 and other facilities such<br />
as swimming pool, gym, track, telephone, laundry etc is assumed to be 20% of room rent plus F&B<br />
revenues.<br />
67<br />
<strong>Keenjhar</strong> <strong>Lake</strong> <strong>Resort</strong> <strong>Project</strong> - <strong>Project</strong> Information Memorandum
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