©2011 CB Richard Ellis, Inc. The nformation above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its curacy and completeness.

GOLDEN SAND RESORT & SPA

THE SWISS-BELHOTEL

HOI AN – VIETNAM – FIVE STAR RESORT

©2011 CB Richard Ellis, Inc. The nformation above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its curacy and completeness.

PROPERTY

SPECIFICATION

OWNERSHIP

LAND AREA

The Swiss-Belhotel Golden Sand Resort & Spa is a well-established resort comprising 212 rooms of five-star standard over 15 separate buildings each of two or three levels. The resort is situated on Hoi An’s stunning beach, commanding fine views of the Cu Lao Cham Island and located at short distance from city’s old market, museums and local shops. Additional facilities include a meeting space with capacity of 300 seats, three swimming pools, a main lobby with three retail shops, one lounge café/bar, a club known as Sands Fun Pub, two restaurants offering western and local dishes, sport facilities including a gym, two tennis courts and jet ski area and a large spa space.

JV Company- Private Owners 37.136,97m2

MANAGEMENT

LEGAL STATUS

INVESTMENT

HIGHLIGHTS

The Resort has been operating for the past 5 years, under the management of Swiss-Belhotel International Hotels & Resorts. The management contract expires at the end of 2011 and this present the opportunity to Rebrand-Reposition the asset as one of the leading five start resort in Central Vietnam. Land Use Right Certificate (expire in 25th July 2052) – Full Building Ownership Certificate.

• Exceptional Five Star Resort Investment Opportunity in Central Vietnam

• The opportunity to Re –Brand and Re-Position the resort.

• Proximity to the world renowned Hoi An old town, a UNESCO World Heritage site,

as well as the major tourist hub, and international airport of central Vietnam.

• Close Proximity on China Beach and 30 minute proximity to Da Nang.

• Land for further expansion available.

• New international airport terminal under construction with 38% y-o-y growth in

tourist arrivals in the first half of 2011 and strong domestic tourism growth of

111.5% q-o-q in Q2/2011

• Residential villa developments within close proximity.

• Opportunity for various acquisition structures including full ownership through

100% acquisition of the Vietnamese company.

GOLDEN SAND RESORT & SPA THE SWISS-BELHOTEL

HOI AN – VIETNAM – FIVE STAR RESORT

INVESTMENT OPPORTUNITY

RE-POSITIONING

©2011 CB Richard Ellis, Inc. The nformation above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its curacy and completeness.

LOCATION

STREET FRONTAGE

AND

SURRUNDINGS.

RESORT

CONFIGURATION

Thanh Nien Road, Cua Dai Beach, Hoi An City, Quang Nam Province, Vietnam. The Resort is located 40 minute drive from Da Nang International Airport and 10 minute drive from World Heritage Site of Hoi An City. The Resort has approximately 400 meters of frontage to Thanh Nien Road and 400 meters of stunning beach frontage. Surrounding development includes mainly existing resorts and local hotels, and a few development sites for proposed residential or resort developments.

Room configuration Size Superior Room (120 keys) 39m2 Deluxe Garden (76 keys) 45m2 Beach Front Suite (16 keys) 90m2

F&B Facilities Capacity Restaurant - Sands Kitchen 82 seats inside – 48 seats outside Restaurant- Sands White Orchid 70 seats inside – 32 seats outside Café/ Night Club - Sands Fun Pub 50 seats Café- Sands Lobby Lounge Bar 55 seats Café/Pool Bar- Sands On The Beach Bar 60 seats

Meeting Space Capacity Ballroom 300 seats

Other Facilities Outdoor swimming pool 150 meters (largest in Central

Vietnam) Outdoor kid’s pool and water games 2 tennis courts Spa facilities Kids’ room Gym

GOLDEN SAND RESORT & SPA THE SWISS-BELHOTEL

HOI AN – VIETNAM – FIVE STAR RESORT

INVESTMENT OPPORTUNITY

RE-POSITIONING

©2011 CB Richard Ellis, Inc. The nformation above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its curacy and completeness.

LOCATION MAP

THE SWISS-BELHOTEL

GOLDEN SAND RESORT & SPA

BEACH FRONTAGE

GOLDEN SAND RESORT & SPA THE SWISS-BELHOTEL

HOI AN – VIETNAM – FIVE STAR RESORT

SON TRA PENINSULA

DANANG’S CBD

CU LAO CHAM

THE SWISS-BELHOTEL

GOLDEN SAND RESORT & SPA

HOIAN CITY

INVESTMENT OPPORTUNITY

RE-POSITIONING

©2011 CB Richard Ellis, Inc. The nformation above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its curacy and completeness.

SWIMMING POOL

GOLDEN SAND RESORT & SPA THE SWISS-BELHOTEL

HOI AN – VIETNAM – FIVE STAR RESORT

INVESTMENT OPPORTUNITY

RE-POSITIONING

©2011 CB Richard Ellis, Inc. The nformation above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its curacy and completeness.

GOLDEN SAND RESORT & SPA THE SWISS-BELHOTEL

HOI AN – VIETNAM – FIVE STAR RESORT

INVESTMENT OPPORTUNITY

RE-POSITIONING

LANDSCAPING

©2011 CB Richard Ellis, Inc. The nformation above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its curacy and completeness.

SUPERIOR ROOM-

GARDEN VIEW

DELUXE

GARDEN- POOL

VIEW

BEACH FRONT SUITE

GOLDEN SAND RESORT & SPA THE SWISS-BELHOTEL

HOI AN – VIETNAM – FIVE STAR RESORT

INVESTMENT OPPORTUNITY

RE-POSITIONING

©2011 CB Richard Ellis, Inc. The nformation above has been obtained from sources believed reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its curacy and completeness.

RESTAURANTS

FACILITIES

GOLDEN SAND RESORT & SPA THE SWISS-BELHOTEL

HOI AN – VIETNAM – FIVE STAR RESORT

INVESTMENT OPPORTUNITY

RE-POSITIONING

CONTACT

FOR MORE INFORMATION AND THE FULL INVESTMENT MEMORANDUM PLEASE CONTACT MR. MAURO GASPAROTTI Senior Manager Hospitality Investment & Consultancy (84)903 028 722 Mauro.Gasparotti@cbre.com

CBRE VIETNAM 2 Ngo Duc Ke Street, District 1, Hochiminh City| www.cbre.com

Tel (84.8) 3824 6125 Fax (84.8) 3823 8418