Canouan Island hospitality yacht ~ Ekokat Voyager 58
Proposition to Canouan Resorts Development Ltd/the Brands
A super high-end 58ft luxury power catamaran yacht perfect for the guests of:
Canouan Estate Resort and Villas, Mandarin Oriental Canouan and Soho House Canouan
... with potential mutual interest involvement of SLYC and & Residences
Fully managed and operated turnkey solution with 50% annual ROI and complete pay-back option.
Prelude
An innovative and pedigree mid-sized luxury motor yacht, made available to villa and resort guests to fully experience the exceptional cruising playground and waters of SVG, would truly complete a vertically integrated high-end island and its portfolio of hardware products from villa/resort accommodation to private jet airport, to golf course and marina.
Ekokat therefore proposes the ultimate turnkey and highly sustainable mid-sized luxury yacht sector opportunity for the super high-end Canouan Island, its luxury resort developments, golf course and marina, to include a fully managed and operated, equally high-end, 50-60ft motor yacht within its hardware portfolio. Very much in line and befitting the high level of luxury that the island resorts and facilities exude, and in particular a yacht that is perfect for resort guests to visit the world-class cruising playground and national park anchorages of the Tobago Cays and Salt Whistle Bay, on a private, group and weekly 'managers' cruise basis.
Ekokat Yachts International presents and proposes the perfect turnkey opportunity for such a yacht with a sustainable and creative business model that compliments the innovation of the yacht itself and the island and its spectacular developments.
A pay-back model that removes any responsibility for management, upkeep, maintenance and operations from the developers and management companies, and enables the island resorts to offer a super high-end and premium product, a very high 50% annual ROI, and even a complete refund of the investment money in full after 3 years if desired.
Firstly the Ekokat yacht and its perfect suitability for Canouan Island and its guests.
It cannot be emphasized enough the Ekokat Voyager 58 is almost tailor-made and perfectly suited for pleasure cruising in SVG, in particular, the 4klm adjacent Tobago Cays and Saly Whistle Bay, for which the yacht was ultimately conceived
In light of its extraordinarily sized flybridge sky lounge and living/recreational spaces usually only found on 100ft+ superyachts, it is the only yacht in existence that can offer such high-end luxury and attributes and be able to access these shallow water and confined anchorages. There could be no better solution for a yachting experience for the premium guests on Canouan Island.
This flip brochure explains why
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The Opportunity
Proposal for the mutually beneficial collaboration and resort brand sharing of an Ekokat co-ownership luxury hospitality yacht.
Initial three-year term with money-back exit option.
Asset value double the investment value.
ROI of approximately 50% per annum via charter income.
Hassle-free fully managed and operated yacht
There are various business models for consideration, all with the same objective and targeted outcome - The island's accommodations/brands to have a shared luxury motor yacht within their guest services hardware inventory for the pleasure of the resident guests, and as a highly creative and high-end marketing tool, to definitively increase awareness for the properties and the island in general, and to hence modestly contribute to the increased success of this wonderful island.
A commercial Ekokat co-ownership hotel/hospitality model is proposed for promotion by the 3 brands with the following, and merely suggested structure and terms.
Whether Canouan Resorts Development, the Brands themselves, or a joint venture between all is considered, the opportunity is laid out based on brands/resorts.
Each of the 3 resorts or brands acquires 2 of the 6 shares USD295,000 per share refunded*
Each of the resorts or 3 brands therefore receives 10 weeks/70 days use per annum.
(Private co-owners are usually not permitted to sell-off their given days' usage, as it can conflict with the management company charter business model, however, a non or minimal-conflicting arrangement can be considered in this instance.
EXAMPLE
Each of the 3 brands could offer a weekly 'Managers' complimentary cruise to the Tobago Cays/Salt Whistle Bay in high season mid-December to mid-April (20 days) and market them as complimentary for guests staying a minimum of 7 nights and at a token charge of USD250 per person for guests staying less than 7 nights. Total 20 days used of 70 days per brand.
(An Ekokat could comfortably be chartered at the rate of USD8000 per day/USD45,000 per week on a private charter basis in the Caribbean, so this is an extremely attractive and almost unheard of proposition for a resort to be offering its guests)
The cost to operate the cruise for the resorts is nominal because all costs are covered with the management fee, with the exception of fuel (likely to be around USD250) and refreshments which could be sold on board/signed to the room.
During high season 3 resorts operating 1 Managers cruise each week = 3 days of 7 used each week. The remaining 4 days are available for charter by the management company, who will charter to guests outside of Canouan, and to the resorts for chartering to their own guests. All days in low season are available to both parties for charter.
Each of the 3 brands retains 50 unused days which they can make available for revenue-generating guest charter year round.
Ekokat will likely charter the vessel at a highly competitive USD8000 per day (USD20,000 weekend/USD45,000 per week)
Ekokat could sanction an agreement that the resorts could charter the yacht for their remaining 50 days each solely to their own in-house guests for the 50% reduced price of just USD4000 per day inclusive of F&B/fuel, making it the most attractive luxury charter yacht in the Caribbean. In return, the concession of the refund of the management fees is removed from the agreement.
The cost for the resort of the charter therefore USD$4000 less direct costs only ($250 fuel, crew controbution/F&B) = $3000
The resorts will generate at least USD$3000 net profit per charter. 50 charters x $3000 = $150,000
Less the annual management fee cost ($600x12=$7200) = $142,800
ROI on their $295,000 investment = approximately 50% per annum. Total return over 3 years = USD$428,400
Various other conditions can be included such as during the high season the resorts can use a maximum of 50% of available days (4 days of 7 each week) for charter purposes (Management company 50%)
After 3 years the yacht can be sold per the general Ekokat co-ownership model and the resorts receive their USD295,000 per share investment value back. A new optional agreement can be formed with a new yacht.
Other business models can be considered.
A word about Private Ekokat co-ownership model
Yacht prices from the Ekokat launch in Q1 2024 will start from USD3,200,000.
Prior to 15 January 2024, approximately 12 yachts are being sold through outright sale and a co-ownership model with a pre-launch 50% reduction in order to place yachts in key locations geographically to showcase the various factory options of the yacht model and its suitability as an outright purchase yacht, a co-ownership purchased yacht and a charter vessel.
In the private individual ownership sector, Ekokat co-ownership yachts are sold to six 1/6th share individuals (or fewer individuals with multiple shares) as promoted on: HOME | Caribbean (caribbean-residents-yacht.club) whereby each co-owner receives 5 weeks/35 days private use of the yacht per annum (with captain services included). The Ekokat pre-launch price currently offered with a deadline for applications of 15 January 2024, is USD295,000 (50% reduced from USD $558,000 )
Total paid USD1,770,000
Ekokat co-owners (6) x 5 weeks = 30 weeks
Scheduled maintenance = 2 weeks
Management company charter = 10 weeks
(The yacht is intentionally not used for 10 weeks)
The co-owners receive their USD295,000 per share investment back when the yacht is sold after 3 years (likely to be sold with a 30% average devaluation for USD2-2.2m)
The co-owners pay a monthly management fee to Ekokat Yacht Management (EYM) who manage and maintains the yachts for co-owners. This fully inclusive management fee is expected to be approximately USD600 per month per owner and is refunded to the co-owners at the end of each year (EYM will charter the yacht when it is not being used by the co-owners to generate income to repay the management fee, cover unscheduled maintenance and derive a profit)
