The proposed upgrading and expansion will not only increase the asset value of the present Project but will also secure high economy of scales which are needed to have secure return in invested capital. The proposed expansion investment to the Hotel will increase its total capacity and also services and star rating and will return within the region of minimum 4% return on investment annually.

The expansion will take a maximum period of nine month to complete and will be in light steel skeleton structure with plasterboard finish. The expansion investment is secured and will result in an additional increase in the valuation of the Hotel of around 4.80 Million Euros. Additionally there is an option which has been secured by the hotel for the purchase of adjacent land which lies on our boundaries with high density building that can be amalgamated with ours securing an Incredible capability of over an additional 100 deluxe units with many facilities such as small water park, wedding Banqueting facilities and full conference facilities.

The “Agapinor Hotel & Shops” has 11 years of outstanding performance which has been exceptionally successful and highly profitable exceeding growth expectations, despite the challenging environment of a recession in the Tourism market.

The performance and returns signify that a well run and well operated Hospitality operation can deliver value for money factors which are the dictating elements for our prime success together with the correct policy implementation, budgeting and Management policies and procedures.

Furthermore It should also be noted that “Agapinor Hotel” has achieved a diversification enigma by investing heavily in the Shops leasing Market, which has contributed successfully to the companies overall performance.

Having maintained the success and growth of our business, expansion became a necessity. It is now imminent and forthcoming. The business has assets in excess of €21.500.000 million (Official FRICS Chartered Surveyors Valuation made on the 5^th of July 2010 copies available to serious interest only). The business is also geared at a mere 5% borrowing, it therefore goes without saying that we are a viable and sound Business. It must also be mentioned that the Hotel & Shops complex will be totally unencumbered once shares are sold to the value of the proposed 49% of total Sale.

With permissions now granted for an additional extra three floors of suites, a roof garden and multi purpose function area there is now the opportunity to achieve greater economies of scale leading to improved profitability and an increase in asset valuation.

Our Auditors are KPMG International. They have been our Auditors from day one and have been exceptional in keeping our company up to date with all the necessary business requirements in today’s demanding Cyprus Business Environment.  

Proposed Investors are welcome to visit them (upon our written Consent) to have any of there questions answered regarding our Hotels Financial Standing.

Finally I would like to confirm and verify a safe and guaranteed return for Investors wishing to invest in my Business. There is little risk on part of the Investor but on the Contrary the opportunity to achieve many rewarding Benefits for themselves and their family members. 

Finally I can be contacted anytime for any further information directly on my mobile +357 99 329 000 or
at the Hotel +357 26 933 926.

I remain,

Sincerely,

Photios Georgiou MBA (Ox/rd U.K) FIH.MCMI.MCIM.FTS
Managing Director
Agapinor Hotel & Shops Complex