The Tower at the Royal Resort
99 Convention Center Drive
Las Vegas, Nevada 
UNITS ARE RESERVING FAST!
Now you can OWN your piece of THE STRIP. The Tower at the Royal Resort is a 47 story, 790 unit condo-hotel high-rise tower project. There are 172 one bedroom corner suites and 618 studio suites. The Tower is less than 150 feet from the Las Vegas Strip on Convention Center Drive. The site is conveniently located just minutes from fabulous dining, great shopping, headliner entertainment, spectacular golf, and premiere attractions.
Investment Highlights BEST location in Vegas -- always a demand for The Strip. Over $164,000 in equity is anticipated by completion. Several price increases are forthcoming. Developer has planned a large public marketing campaign late 2006. Purchase agreements may be fully assignable. Your deposit is 100% refundable prior to going 'hard' on your contract.
Market Research
During the last 18 months, our developers have had extensive experience selling condominiums in the Las Vegas market. The members of their senior staff have recently conducted extensive research on the explosive Las Vegas market with special emphasis on current and planned tower projects. Based on the results of their marketing research, they believe the Tower at the Royal Resort has the potential to be an enormously successful project. In summary, they base their conclusions in part on the following key elements: - TIMING: The current Las Vegas market for high-rise condominiums is very strong and is crowded with many proposed projects that may never begin construction.
- PRICE POINTS: Current projected prices for the units of the Tower at the Royal Resort are very competitive.
- LOCATION: After a careful review of other tower projects that allege proximity to Las Vegas Boulevard and the Convention Center, the Tower at the Royal Resort clearly is in a very desirable location that will attract a wide spectrum of buyers.
- TOWER DESIGN: The planned tower design is outstanding and unique.
- BUILDING MANAGEMENT: The use of a four star major flag hotel management operator will be a tremendous relief for investors who do not want to be landlords.
- POPULATION: 8000 new citizens move to Las Vegas each month while 2000 move out. The NET growth is 6000 people each month that need housing. The current population exceeds 1.5 million and the Nevada Department of Transportation expects that to increase to 2.2 million.
- LIMITED LAND: Developers are limited as to where they can build new homes and projects.
- REAL ESTATE APPRECIATION: The real estate market to appreciate from 10.5% in 2002 to 52% or higher in 2006.
Las Vegas Market Overview
(As reported in Las Vegas Review Journal, January 22, 2005)
"Las Vegas was among the hottest housing markets in the nation last year,
and it isn't expected to cool off much in 2005, a local housing expert said." 28,773 new-home closings, up 14.5 percent from 2003. 59,613 existing-home closings, up 28.6 percent. 88,386 total home sales, up 23.7 percent. $300,780 median new-home price, up 42.3 percent. $250,000 median existing-home price, up 39 percent. 32,659 new-home permits, up 39.6 percent. 3,073 new-home sales in December (all-time monthly record).
(Read the full article - Click Here)
The Investment By investing early in the preconstruction phase, you have the ability to buy the units at a substantial discount off the market price. That means buying substantially below market value. To reserve a unit, a signed reservation agreement is required with a check or wire transfer for $17,000. Reservation deposits will be held by First American Title and is applied to principal. Deposits will sit in an "interest bearing" account in your favor. Reservation agreements can be faxed to us at (866) 611-3060 for a temporary hold but we must receive your reservation deposit within 48 hours. Your reservation deposit is 100% refundable at anytime until you go "hard" on the contract. A 5% deposit is required with the purchase contract minus your initial reservation deposit. The final 5% deposit is required approximately 6 to 9 months later to bring your total deposit to 10% of the purchase price of your unit. In late 2005 you will get a chance to review the Purchase Contract, CC&R's, Public Offering Statement, etc and at that time if upon a thorough review of everything you decide to move forward you will be required to put up the balance of the initial 5% deposit to go "hard" on your purchase contract. Otherwise you will receive a full refund of your reservation deposit with interest from First American Title of Nevada. | | FINANCIAL INFORMATION | | | | | | | | Estimated Completion Date: | | Mid 2007 | | | Purchase Price: | | $410,000 (Studio Unit) | | | | | | | | Refundable Deposit: | | $ 10,000 | | | Assignment Fee: | | $ 7,000 | | | INITIAL FUNDS REQUIRED: | | $ 17,000 | | | | | | | | Refundable Deposit in Escrow: | | $ 10,000 (Refundable) | | | Remainder of Initial 5% Deposit: | | $ 10,500 (Due on purchase contract) | | | Final 5% Deposit (of 10% total): | | $ 20,500 (Due Mid-2006) | | | Assignment Fee: | | $ 7,000 | | | Total Funds: | | $ 48,000 | | | | | | | | | | | | | Market Value (10% appreciation): | | $532,400 (Est. upon Completion) | | | Purchase Price: | - | $410,000 | | | Assignment Fee: | - | $ 7,000 | | | ESTIMATED GROSS PROFIT: | | $115,400 * | | | | | | | | Market Value (20% appreciation): | | $581,900 (Est. upon Completion) | | | Purchase Price: | - | $410,000 | | | Assignment Fee: | - | $ 7,000 | | | ESTIMATED GROSS PROFIT: | | $164,900 * | | | | | | | | * Note: Due to similar sold-out projects along Las Vegas Blvd ("The Strip"), the final market value of these units could be considerably higher. Developer reserves the right to adjust pricing and release dates. | | | | | | | | |
| EXIT STRATEGIES* | | | | | | | | SELL IT TO A NEW BUYER | | | | | | Close escrow and re-sell the property to a new buyer after completion. | | | | | | | | Market Value (10% appreciation): | | $532,400 (At Completion) | | | Purchase Price: | - | $410,000 | | | Assignment Fee: | - | $ 7,000 | | | GROSS PROFIT: | | $115,400* | | | | | | | | Market Value (20% appreciation): | | $581,900 (At Completion) | | | Purchase Price: | - | $410,000 | | | Assignment Fee: | - | $ 7,000 | | | GROSS PROFIT: | | $164,900* | | | | | | | | | | | | | REVENUE SPLIT WITH HOTEL (RENTAL) | | | | | | Let the hotel furnish and rent it for you on a revenue split in your favor. | | | | | | | | Gross Rent Collected: | | $ TBD (60/40 or 70/30) | | | GROSS EQUITY: | | $122,400 (10% Appreciation) | | | GROSS EQUITY: | | $171,900 (20% Appreciation) | | | | | | | | | KEEP IT FOR YOURSELF | | | | | | This may be the best way you spoil yourself in 2008! Keep it as your personal Las Vegas accommodation and let it continue to appreciate. | | | | | | | | GROSS EQUITY: | | $152,400 (10% Appreciation) | | | GROSS EQUITY: | | $171,900 (20% Appreciation) | | | | | | | | * Due to similar sold-out projects along Las Vegas Blvd (The Strip), the final market value of these units could be considerably higher. Calculations are based on 24 months appreciation on a studio unit valued at $440,000. Market value may be much higher. | | | | |
Availability is limited. Time is of the essence.
Our mortgage brokers and realtors can be provided for you if required.
Please Send Requests To:
Marco@NoradaRealEstate.com
(Click 'Reply' or the email link above) Norada Real Estate
(800) 611-3060
www.NoradaRealEstate.com
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