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Hamilton Cove Avalon

Business plan alternatives for alternative capital recovery strategies, in connection with luxury resort residential development.

 

Business plan and financial feasibility analysis of this scenic residential resort community located on Catalina Island, just 26 miles off the coast of Southern California.

 

Hamilton Cove is situated in a private cove next to the town of Avalon, the main community of Catalina Island. Many of the secluded villas of Hamilton Cove are offered for rent for weekend, weekly, and seasonal occupancy.

 

Catalina Island history goes back well before recorded times, but we know that the Pimungans of Santa Catalina Island first met European travelers in 1542 – when the native peoples paddled out to greet Spanish explorer Juan Rodriguez Cabrillo and his galleon – just 50 years after Columbus first entered the Western Hemisphere. The island was claimed by Spain. Santa Catalina Island was awarded by Mexican Governor Pio Pico to Thomas Robbins as a land grant in 1846, just four days before the United States invaded California.

Port of San Diego

Management review of port district leasing practices, including lease administration and lease rate.

 

The Port of San Diego was interested in confirming whether or not its ground lease rates, issues of highest and best use, deal terms, and operating polices were at par with “best practices” at other world port districts, particularly, at U.S. West Coast port facilities. A study was undertaken concerning regional market conditions, competitive conditions at other world ports, “best practices” at such other ports, and other related factors. Recommendations were prepared for consideration by the Port of San Diego, with regard to lease rate-setting and deal terms.

 

The Port of San Diego is a special government entity, created in 1963 by an act of the California legislature in order to manage San Diego Harbor, and administer the public lands along San Diego Bay.

 

Huntington Hotel Pasadena

Feasibility study for required capital improvements program related to the Huntington Hotel Pasadena (subsequently rebuilt as the Ritz-Carlton Hotel Pasadena, now The Langham). The hotel, owned by a major Japanese investment and development organization, was determined to require major life-safety (earthquake reinforcement) upgrades as well as wide-ranging improvement to guest areas including rooms and restaurants.

 

Work included a market study, financial projections, capital improvements budget review, and an investment performance evaluation to justify required capital items. The objective was to determine the overall feasibility of various disposition, reconstruction, or substantial renovation alternatives in connection with a pre-litigation evaluation of Owner’s options.

 

Hotel later rebuilt as the Ritz-Carlton Huntington Hotel.