Presentation Transcript

1. Kokari Ltd

   Stelios Koutsivitis Executive Director
2. Kokari LtdCompany Profile Kokari is a hospitality investment and management company specializing in hotel development and management in South Eastern Europe. Kokari owns and manages Sheraton Sofia , a Luxury Collection Hotel and Metropol Palace in Belgrade , a Luxury Collection Hotel . Both properties are within the Starwood family. Our management team has managed many other 5 star properties in Greece , in the past , as well King George Palace form 2003 till 2010. As a dedicated operator of luxury 5 star and 4 star hotels, Kokari offers a “total management solution” to hotel owners, companies or investors.
3. Company Profile We seek to capitalize on hospitality real estate investment opportunities in Greece and South Eastern Europe, acquiring or managing and operating properties , rebranding and moving them to the upper scale segment , cooperating with international hospitality chains and supreme brands.
4. Topics Global Tourism Market Overview Real Estate Funds investing in Hospitality Case of Greece
5. International Tourism Growth Global Market size in 2013 : 1 billion euros
6. Tourism arrivals
7. Tourism by destination
8. International Tourism by region of destination
9. International Tourism flow by destination
10. Real Estate Fundraising
11. Geographical Target of Real Estate Funds
12. Real Estate Funds IRR
13. Real Estate Yields in Southern Europe
14. Performance per Sector of Real Estate Funds
15. Revenue Growth in Hospitality 2012
16. NPLs of Corporate Sector 30 Greece
17. Funds investing in Hospitality
18. Greek Tourism Market Contribution to GDP: 17% [WTTC] Contribution to Employment: 18,3% of total employment [WTTC] International Tourism Receipts: 11bn.€ [BoG] International Tourist Arrivals: 17million MarketShare: 1,5%World,3%Europe
19. Greek Tourism Market Significant Tourism flow Limited supply of luxury infrastructure Recently formed framework and national plan regarding real estate planning, infrastructure and foreign investments Limited supply of international operators-brands Large coastal land sites with residential development potential to accommodate demand from Europe, Russia, Middle East.
20. Opportunity Tourism products/services that have increasing demand from the European consumer are under-utilized (cruise, sailing, medical, culture, golf, city breaks, vacation homes, etc.) Large source markets like Russia, China, US are not or very little tapped. • Significant room for growth in all major drivers (no. of visitors, avg. stay, avg. spend, capital investment) • Investments in PPP projects (marinas, ports, airports, seaplanes, etc.) • According to McKinsey, in 5 and 10 years tourism demand could exceed E50 and E65bn respectively, from E40bn today
21. Opportunity Debt market remain quite constrained , creating difficulty for leveraged borrowers needing to refinance Continued distress materializes Active Opportunistic Equity Capital and Private Equity Debt funds to fill the gap Government develops attractive Legislative framework , showing strong will to boost and attract Foreign Direct Investments. Greece has improved its fiscal account and is expected to restart economic growth.

22. ThanksKokari Ltd

    Stelios Koutsivitis Executive Director