The Business Plan LIFETIME MEMEBERSHIPS

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The Business Plan LIFETIME MEMEBERSHIPS Powered By Docstoc
					LIFETIME

                      MEMEBERSHIPS
               PLAYA HERMOSA, JACO, COSTA RICA


          PRIVATE OFFERING/ MARKETING STRATEGY




THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER TO SELL
     OR A SOLICITATION OF AN OFFER TO BUY A SECURITY




Introduction
Las Olas Hotel, Hostel & Beach Club, is a lifetime surf, nature, sport,
and recreation destination.
Playa Hermosa is a world renowned surf Mecca located in the central
pacific coast of beautiful Costa Rica. Surrounded by rainforest hills,
still imbedded within a wetland turtle & wild life sanctuary, Playa
Hermosa shares an amazing 5 miles of golden sunset Pacific Coast
views.
With a focus on low impact, organic-living, Las Olas will facilitate a
lifestyle that is sustainable while contributing to a positive progressive
community that is in harmony with nature. Las Olas members and
community members alike will benefit from the Las Olas philosophy
of sustainability and, through creative branding, will impact the
community at large.


Fractional Ownership


Fractional Ownership is presently one of the most attractive ways of
owning vacation homes, corporate jets and luxury yachts. The
method provides the opportunity to enjoy second home ownership at
a fraction of the cost of a comparable vacation home. It is our
pleasure to extend the private offer of fractional ownership to family
and friends that have made Las Olas their second home. Fractional
owners will become part of a family, business and community that will
help facilitate their part time life in Costa Rica.




Partner, Lifetime, and Annual Memberships


There are three ways to gain Partnership, Membership or Affiliate
Shares by investing in Las Olas:
   1) Lifetime Partnership: 1% Owner’s Shares.
      • 20 Partnership shares are available.
   2) Lifetime Membership Share.
      • There are 300 Lifetime Memberships available.
   3) Annual Memberships
      • There are 3000 Annual Memberships available


   1) Lifetime Partner Member


By invitation only, 20 shares of 1% each will become available.


The majority of shares will be held by the board of directors which are
involved in day to day operations. Lifetime Partners will enjoy a profit
share of 1% and be entitled to time share benefits, facility discounts
and more.
   2) Lifetime Member
300 people will enjoy special benefits, discounts, promotions,
privileges and VIP status, and receive restricted fractional ownership
dividends*.




   1) Annual Membership
3,000 Affiliate card holders will be available to locals and visitors
alike. Card holders will enjoy discounts and some benefits in
conjunction with Las Olas Beach Club facility privileges.
POINT SYSTEM
The point exchange system is based on units measured in point
value.
Each point value unit can be exchanged for accommodations,
discounts and services. Points are automatically awarded on a yearly
basis according to member status.


                                                                       Maintenance	
  
 Accommoda'ons             Point	
  Value     Maintenance	
  Fee          Guest
Sky	
  Suites	
  Ocean              22           90%	
  discount        80%	
  discount
Sky	
  Suites	
                     20           90%	
  discount        80%	
  discount	
  
Suites	
  Ocean                     14           90%	
  discount	
      80%	
  discount	
  
Suites	
  	
                        12           90%	
  discount	
      80%	
  discount	
  
Beach	
  Suites	
  Ocean            10           90%	
  discount	
      80%	
  discount	
  
Beach	
  Suites                      8           90%	
  discount	
      80%	
  discount	
  
Sky	
  Box                          12           90%	
  discount	
      80%	
  discount	
  
Cabina	
  3	
  &	
  4                6           90%	
  discount	
      80%	
  discount	
  
Cabina	
  1                          5           90%	
  discount	
      80%	
  discount	
  
Cabina	
  2                          4           90%	
  discount	
      80%	
  discount	
  
Surf	
  Tours                  1	
  to	
  3            N/A                    N/A
Surf	
  InstrucGon             1	
  to	
  5            N/A                    N/A
Surf	
  Rental                       1                 N/A                    N/A
Packages/Retreats             1	
  to	
  20            N/A                    N/A

POINT	
  TOTALS
Partner	
  Members               150
LifeGme	
  Memebers               90
                                 LAS OLAS
                    IT’S THE LIFESTYLES………..




The Project
The proposed project will consist of the following:

         5 Luxury 2 Bedroom Sky                 Raw Lounge
         Suites                                 Learning Center
         7 Luxury 1 Bedroom                     SPA
         Suites                                 Yoga Studio
         8 Ground Level Suites                  Meeting room
         Reception area                         30 board lockers
         Coffee shop, Bakery                    3 terraces connecting to
         Retail/ Surf Shop                      the existing Main House,
         Restaurant Bistro                      which has 5 hostel rooms


         Total Occupancy: 107 guests
Las Olas Services




     • Full Service Front Desk: The front-desk personnel will
       greet guests at Las Olas and process arrival needs. Flexible
       check in and check out times will be available upon request.
       Full concierge services include car rental reservations, local
       transportation arrangements, meetings, catering services,
         activity and tour booking such as surfing, yoga, mountain
         biking, sport fishing, kayaking, sightseeing, horseback riding,
         golf and more.


Restaurant Members & their guests can enjoy the beach front bistro
and bar which serves traditional Costa Rican and International
cuisine 7:00 am to 9:00 pm daily. Arrangements can be made for
special parties. Each share holder and affiliate will have the following
discounts:


Partners (P): 35%                      Annual (A): 25%;
Lifetime (L): 35%                      Surfers (S): 10%



Note: All guests eating with P, L, and A will receive 10% discount.


Housekeeping: For a minimum fee, daily housekeeping service will
be provided to ensure that the accommodations are always kept in
excellent condition. Housekeeping services are not optional.
Additionally, special services will be provided upon request and a fee
charged based on the services provided.


Maintenance: Las Olas Property Management will handle all
maintenance, repairs, refurbishing, and landscaping. Maintenance
personnel will be available to remedy problems and provide security.
Pre-Arrival Shopping Service: Upon request, and based upon
availability, guests can request that their pantry, bar and refrigerator
be stocked with their favorite foods and beverages just prior to arrival.
There will a minimum purchase requirement and a service fee of 20%
of the total bill will be assessed.


Surf Shop: Discounts are based on retail prices.


Tours All tours will be offered at discounted rates.


Yoga & Massage Studio: Owners will receive discounted rates on
all classes and services through the wellness center.


Car Rental: Based upon availability, Members will enjoy rental
privileges of Las Olas vehicles for personal use.


Personal Loan: Owners will be able to borrow against their
investment at a set interest rate.
                 DISCOUNTS Retail Locals Annual

                                     Food 10% 25%
                             Rooms rack	
  rate 10% 20%
                                   Drinks 10% 25%
                                  Alcohol 10% 25%
Surf	
  Rentals 20	
  per	
  day/100	
  per	
  week 15	
  per	
  day/90	
  per	
  week 10	
  
                                per	
  day/60	
  per	
  week
Surf	
  Lockers 5	
  per	
  day/30	
  per	
  week 4	
  per	
  day/25	
  per	
  week 2	
  per	
  
                                   day/10	
  per	
  week
                       Las	
  Olas	
  Merchandise 10% 30%
                             Surf	
  Shop	
  Retail 5% 20%
                               Sno	
  and	
  Jo	
   10% 30%
                                Smoothies 10% 50%
                                  Coffee free	
  refills
                                 Retreats 10% 20%
                                Surf	
  Tours 20% 30%
         Lessons $60	
  per	
  person 50	
  per	
  person 40	
  per	
  person
                                 Transfers 10% 25%
                                 Massage 10% 20%
                                     Yoga 20% 40%
                     Learning	
  Center	
  Classes 20% 40%
                               Farmers	
  Market 10%
                                Car	
  Rental N/A $60	
  
                              Personal	
  Loan N/A N/A
                              Import/Export 5% 10%
                       Property	
  Management 	
   5% 10%
                               Real	
  Estate	
  community	
  	
  
                                                	
  	
  	
  
     DISCOUNTS 	
  	
  	
  	
  	
  	
  	
  	
  	
  	
  Life'me PARTNERS
                               Food 35% 40%
                             Rooms 25% 30%
                             Drinks 35% 40%
                             Alcohol 35% 40%
          Surf	
  Rentals 5	
  per	
  day/$30 5	
  per	
  day/$30
Surf	
  Lockers 1	
  per	
  day/5	
  per	
  week 1	
  per	
  day/5	
  per	
  week
                  Las	
  Olas	
  Merchandise 50% 50%
                     Surf	
  Shop	
  Retail 30% 30%
                          Sno	
  and	
  Jo	
   40% 40%
                          Smoothies 50% 50%
                    Coffee free	
  refills free	
  refills
                            Retreats 30% 30%
                           Surf	
  Tours 40% 40%
            Lessons 30	
  per	
  person 30	
  per	
  person
                            Transfers 35% 35%
                            Massage 30% 30%
                               Yoga 50% 50%
              Learning	
  Center	
  Classes 50% 50%
                     Farmers	
  Market 20% 20%
                           Car	
  Rental $40	
   $40	
  
                         Personal	
  Loan 10% 10%
                        Import/Export 20% 30%
                Property	
  Management 20% 20%
                                  Real	
  Estate	
  	
  
Las Olas Related business:


Bistro Las Olas
Breakfast, Lunch and Dinner
Raw Food Lounge
Liquor License
Surf Contest Streaming


Las Olas Trading Co.
Export: hardwood furniture, Rocking chairs, Art, bamboo frames,
wood doors
Import: Surf Products, Technology, used North American goods,
beds, green products




Las Olas Tours, Retreats and Adventures

Surf                     Yoga                    Pilates
Fishing                   Zip Line Canopy              Weddings
Mountain Biking           River Rafting                Surf Groups
Horseback Riding          Stand Up Paddle              Private Parties
ATV Tours                 Real Estate                  Wavehunters/
Kayaking                  Business Retreats            Surfaris Usa



Las Olas Real Estate Group
Sales, Financing, and Property Management
Surf and Eco Communities.
Secret Spot Listings


Las Olas Development

Green Construction                        Builders
Green Landscaping                         Architects
Organic Interior Design                   Green Products
Contractors



Las Olas Learning & Wellness Center

Yoga                                    Music
Pilates                                 Dance
Meditation                              Art
Massage                                 Spanish
Martial Arts                            Team Building
Las Olas Organics

Produce & Plants               Johnny’s Beer and Wine
Ecotica Organic Market         Sauce Olas



Las Olas Surf Shop

Custom Shaped Boards           Games
Retail                         Internet
Rentals                        Phone Calls
Tours

Las Olas Art Gallery

Furniture                      Photos
Paintings                      Surf boards



Las Olas Sno and Jo

Ice Drinks                     Sandwhiches
Bakery                         Pastries
Coffee                         Snacks
Drinks

Las Olas Entertainment Group

Photography                    Live Music
Books & Videos                 Festivals
Parties                                 Webcam



Las Olas Philanthropy

Soulstice                               SurfRider Foundation
Life Rolls On                            www.350.org
Pura Vida No Pro



Marketing Strategy


Communications such as, and not limited to, direct electronic
newsletters, rss feeds, blogs, optimized websites and landing pages,
e-mail, social media, link exchange, entertainment, activity and real
estate directories, worldwide Real Estate listings will be utilized to
offer the project to present & future Las Olas partners, local
community members, affiliates, potential clients, past guests and
friends.


Specialized tour package partners will be qualified and selected,
thereby adding to our in house packages to broaden the scope of our
core surfing business market.


Given that Las Olas already boasts a niche target market of
candidates who are interested in investing in the project, it is logical,
practical and cost effective begin with an aggressive marketing
campaigned aimed at this group.
The current data base of previous clients, social media contacts and
e mail contacts will be addressed accordingly and efforts will
commence to build, expand and organize the existing client and leads
list.


The main objective is to exceed the client’s expectations for
awareness of the scale of Las Olas from beach hostel to high end
beach front boutique hotel.


The prices of the Offer will encompass a grass roots start up price
varying progressively as construction advances.


Limited quantity will be offered in each tranche of the offering.


TARGET MARKETS & INDUSTRIES

• Costa Rican Investors – Those with the resources and a desire
  for a partial ownership vacation investment who wish enjoy a
  vacation home near the ocean.

• Foreign Investors – North American and European baby boomers
  looking for a partial ownership vacation investment opportunity
  and/or possible residency.

• Media – Build a comprehensive web presence through an
  information rich, interactive, user friendly web site that will become
  a vacation portal in Costa Rica.

    Collaboration with International Living to gain exposure to many
    International Markets

    Connect with the various media outlets in print, radio and TV to
    build awareness
   Use affiliate partnerships, SEO and social media strategies

• Potential Partners- Nurture partnerships with real sports
  operators, local vendors, and internet marketers

TACTIC OVERVIEW

The key strategic initiatives we plan to implement are focused around
the following objectives:

Create Brand Awareness
  • Advertising
  • Web Presence
  • Direct Marketing
  • PR Programs
  • Improved overall community image
  • Consistent messaging

Generate Leads
  • Events
  • Direct Mail
  • Advertising
  • Telemarketing
  • Electronic newsletter
          LIFETIME MEMBERSHIPS




         PLAYA HERMOSA - JACO, COSTA RICA


            THE OFFER / PRIVATE OFFERING




THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER TO SELL
   OR A SOLICITATION OF AN OFFER TO BUY A SECURITY
PRIVATE OFFER


(20) Las Olas Partner Members (P)
(300) Las Olas Lifetime Members (L)




Las Olas Lifetime Surf Club


Current Partners/Members
Jason Garris-Management
Cameron Mott-Management
Christian Roca-Management
Ed Kim-Hotel/Legal
David Stoehecker- Investments
Jonni Benson-Real Estate
Deleware Dave-Real Estate
Kirk Hess- Real Estate
Ethan Huemmer
Megan Reindhart- Marketing
Rodrigo Miranda- Tours
Kyle Hayes-Philanthropy/Tours
Marswell-Vibe/Tours




Partnership, Lifetime & Annual
Las Olas Surf Network Members


We are offering the opportunity to own a piece of the Las Olas
Dream. The business is growing into a 20 room boutique surf
hotel, including a new three story building with an open rooftop
deck, a new surf shop, learning center, health spa, and a real
estate and property services office.     Invest in Las Olas, Costa
Rica, and your new home.        The plan is to start building in six
months and finish the project. Las Olas Is proud to announce
the new member discount card, through which friends, visitors,
and locals alike can enjoy ownership, VIP status, special
privileges, awards, and discounts. Se which membership option
fits your Las Olas lifestyle.


Las Olas Annual Member


The goal is to reach 3000 annual members by the end of the
year.


The onetime matriculation renewal for your Las Olas Annual
Membership Annual Discount card is $50 and the annual
renewal is $50 for a total initial premium of $100.


Each year thereafter, the renewal fee will be $50.


Each new member will receive complimentary Las Olas branded
merchandise in conjunction with their membership.
Las Olas Lifetime Member
300 Lifetime Memberships available


Come join the surf club of the future!   Help build and own a
piece of the new Las Olas.


Pre Public Project Launch October 31st
Public Launch Thanksgiving November 27th
Break Ground Start Date April 2012
Finish Date June 2012 *Grand Opening Soulstice Event 2013


Lifetime Memberships start at $6000
Pre Public Project Launch October 27th


Buy Before Thanksgiving the cost is $5,000 plus you get a Las
Olas custom shaped surfboard waiting for you in Costa Rica
                               Or
Three payments of $2,000
1st $2,000 by Thanksgiving
2nd $2,000 Ground Breaking April 2013
3rd $2,000 Finishing work April 2014


Public Project Launch Thanksgiving
5000 Las Olas Facebook friends and public


Cost of Lifetime Members $6,500
Pay in full by January 1st the cost $5,500 plus a custom shaped
Las Olas Surfboard
                                   or
Three payments of $2,165
1st Payment by January 1st of $2,165
2nd Payment Ground Breaking April 2012
3rd Payment Finishing Work April 2013

Cost of Lifetime Membership beyond January 1st 2012 $7,000

Payment Plan $7000

1st payment $3000 deposit

2nd payment $2,000 Building Start Date

3rd payment $2,000 Finishing Work

Cost of Lifetime membership beyond building start $7,500

Cost of Lifetime Membership after building is finished $8,000


Each Lifetime member will enjoy ownership, VIP status, special
privileges, awards, and discounts. Your free annual week in the
new Las Olas project. Refer to the points and discounts page in
the business plan

Memberships are refundable and transferable.
Las Olas has first right of refusal on sales and transfers.
Refunds are based on six month reimbursement of original
purchase price.

Up to 3 additional friends and family can be added to Lifetime
Membership an additional $100 per member.
Partner Member
Partner memberships are for Las Olas employees and businesses that help direct
Las Olas in a sustainable way.
Partner membership cost starts at $25,000.
After completion cost: $45,000
Partner memberships are by invitation only, please contact Jason or Cameron.
Reallocation of funds date:
July 1st 2012




Allocation of financing


   1. New building                           $1,500,000
   2. Shareholders debt                       $200,000
   3. Old building                            $50,000
   4. Working capital                        $50,000
   Budget                                    $1,800,000




3 Year Projection


Income Centers        1st Year               2nd Year             3rd Year
                                             $                    $
Hotel                  $         80,000.00   92,000.00            101,200.00
                                             $                    $
Restaurant F&B        $      125,000.00      143,750.00           158,125.00
                      $                      $                    $
Real Estate           36,000.00              41,400.00            45,540.00
                      $                      $                    $
Retail                36,000.00              41,400.00            45,540.00
                   $                   $                  $
Tours              10,950.00           12,592.50          13,851.00
                   $                   $                  $
Rentals            14,600.00           16,790.00          18,459.00
                   $                   $                  $
Transfers          10,950.00           12,592.50          13,851.00
                   $                   $                  $
Yoga/Pilates       4,000.00            4,600.00           5,060.00
                   $                   $                  $
Massage            4,000.00            4,600.00           5,060.00
                   $                   $                  $
Philanthropy       3,000.00            3,450.00           3,795.00
                   $                   $                  $
Organics           2,000.00            2,300.00           2,530.00
Property           $                   $                  $
Management         18,250.00           20,987.50          23,085.00
Share Management $                -    $            -     $          -
                   $                   $                  $
Sno & Jo           36,000.00           41,400.00          45,540.00
                   $                   $                  $
Learning Center    10,950.00           12,592.50          13,851.00
                   $                   $                  $
Import/Export      12,000.00           13,800.00          15,180.00
                   $                   $                  $
Art / Furniture    6,000.00            6,900.00           7,590.00
                   $                   $                  $
Total Gross Income 409,700.00          471,155.00         518,270.50

       !
Employees           $      43,200.00    $     80,000.00   $ 100,000.00
                   -                   -                    -
Power               $       8,000.00    $      5,000.00   $   5,000.00
                   -                   -                  -
Phone/Internet      $       2,200.00    $      2,200.00   $   2,200.00
                   -                   -                    -
        !
SocialSecurity      $      11,000.00    $     20,000.00    $   25,000.00
                   -                   -                  -
Taxes               $       4,000.00    $      6,000.00    $    7,000.00
                   -                                      -
Kia                 $       6,000.00    $      6,000.00    $    6,000.00
                   -                   -                  -
Maintenance         $       10,000.00    $    14,000.00   $ 15,000.00
                   -                    -                 -
Fuel/Septic         $        8,000.00    $    12,000.00   $ 14,000.00
                   -                    -                  -
Water               $          250.00    $      300.00    $    300.00

Total expenses      $       92,650.00   $    145,500.00   $ 174,500.00



Best Gross Income
2006-2008


Wave Hunters       2007   $159,032
Hotel Rooms        2006   $68,173
Rentals            2006   $6,877
Tours              2008   $14,800
Merchandise        2008   $8,837
Commission         2007   $2,414
Restaurant         2008   $114,416

Best Gross Total          $375,549
                   LIFETIME
        BOUTIQUE HOTEL, HOSTEL
               & BEACH CLUB


         PLAYA HERMOSA - JACO, COSTA RICA


        PURA VIDA FACTS / PRIVATE OFFERING




THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER TO SELL
OR A SOLICITATION OF AN OFFER TO BUY A SECURITY
PURA VIDA FACTS


• In the Hermosa Beach area along the Central Pacific coast, real
  estate had doubled in value every year from 2005-2008.
  Condominiums at the 5 star Los Sueños Resort & Marina near
  Hermosa have gone from $200,000 to $1,300,000 in the last 6
  years. Bill Gates (who bought Four Seasons in February 2007)
  and many other resort developers have purchased land as fast as
  they could with plans to build resorts in order to meet the sky
  rocketing demand for this area..

• Known as the “Switzerland of Latin America,” Costa Rica has
  enjoyed a stable business climate with its 170 year old democracy.


• A United States Protection Treaty is in place (Costa Rica abolished
  its military in 1949). Instead of spending money on defense, they
  have spent it on education (95% literacy rate) and healthcare (first
  rate).

• The Central American Free Trade Agreement (CAFTA) was voted
  for by the citizens of Costa Rica in 2008 and is bringing huge
  amounts of foreign capital, explosive growth and jobs into Costa
  Rica.

• Dell, Intel, Wal-Mart and other U.S. companies have had facilities
  operating in Costa Rica since 1995. Electronics is the #1 export.
  The tourism Industry is flourishing and is the #2 industry.
• Almost 1,000,000 North Americans, Canadians and Europeans
  are currently living in Costa Rica either full or part time. 20% of the
  population are expatriots.

• Baby Boomers, the “Silver Tsunami” are just now starting to move
  to Costa Rica to retire due in part to the fact that the cost of living
  is lower than in the United States or Europe. They enjoy modern,
  first-rate medical and dental systems. There are 77 million
  Boomers in the U.S. alone retiring over the next 17 years and are
  set to inherit $100 billion, the largest transfer of wealth in the
  history of the world.

• Costa Rican law allows foreigners to own free simple title to the
  land, with no restrictions, unlike Mexico and other countries.


• Costa Rican Banks allow foreigners to obtain Mortgages and
  Financing. Through our banking contacts, we can get you 80%
  financing at great rates!


  • Costa Rica is the greenest and happiest country in the world,
     according to a new list that ranks nations by combining
     measures of their ecological footprint with the happiness of their
     citizens.

  • Britain is only halfway up the Happy Planet Index (HPI),
     calculated by the New Economics Foundation (NEF), in 74th
     place of 143 nations surveyed. The United States features in
     the 114th slot in the table. The top 10 is dominated by countries
  from Latin America, while African countries bulk out the bottom
  of the table.

• The HPI measures how much of the Earth's resources nations
  use and how long and happy a life their citizens enjoy as a
  result. First calculated in 2006, the second edition adds data on
  almost all of the world's countries and now covers 99% of the
  world's population.

• NEF says the HPI is a much better way of looking the success
  of countries than through standard measures of economic
  growth. The HPI shows, for example, that fast-growing
  economies such as the US, China and India were all greener
  and happier 20 years ago than they are today.

• "The HPI suggests that the path we have been following is,
  without exception, unable to deliver all three goals: high life
  satisfaction, high life expectancy and 'one-planet living'," says
  Saamah Abdallah, NEF researcher and the report's lead author.
  "Instead we need a new development model that delivers good
  lives that don't cost the Earth for all."

• Costa Ricans top the list because they report the highest life
  satisfaction in the world, they live slightly longer than
  Americans, yet have an ecological footprint that is less than a
  quarter the size. The country only narrowly fails to achieve the
  goal of what NEF calls "one-planet living": consuming its fair
  share of the Earth's natural resources.
• The report says the differences between nations show that it is
  possible to live long, happy lives with much smaller ecological
  footprints than the highest-consuming nations.

• The new HPI also provides the first ever analysis of trends over
  time for what are supposedly the world's most developed
  nations, the Organization for Economic Cooperation and
  Development (OECD).

• OECD nations' HPI scores plummeted between 1960 and the
  late 1970s. Although there have been some gains since then,
  HPI scores were still higher in 1961 than in 2005.

• Life satisfaction and life expectancy combined have increased
  15% over the 45-year period for those living in the rich nations,
  but it has come at the cost of a 72% rise in their ecological
  footprint. And the three largest countries in the world – China,
  India and the US, which are aggressively pursuing growth-
  based development models – have all seen their HPI scores
  drop in that time.

• The highest placed western nation is the Netherlands. People
  there live on average over a year longer than people in the US,
  and have similar levels of life satisfaction – yet their per capita
  ecological footprint is less than half the size. The Netherlands is
  therefore over twice as environmentally efficient at achieving
  good lives as the US, Nef says.

• The report sets out a "Happy Planet Charter" calling for an
  unprecedented collective global effort to develop a "new
  narrative" of human progress, encourage good lives that don't
cost the earth, and to reduce consumption in the highest-
                                               consuming
nations                                        – which it says
is the                                         biggest barrier
to                                             sustainable
                                               wellbeing.




                     LIFETIME
         BOUTIQUE HOTEL, HOSTEL
                & BEACH CLUB


          PLAYA HERMOSA - JACO, COSTA RICA


               Q&A / PRIVATE OFFERING
              MEMBERSHIP OWNERSHIP
THIS DOCUMENT DOES NOT CONSTITUTE AN OFFER TO SELL
   OR A SOLICITATION OF AN OFFER TO BUY A SECURITY
Membership Shares Ownership
QUESTIONS AND ANSWERS


What is a Las Olas Membership Shares Ownership?


Membership Shares Ownership is evidenced by stock certificates
representing ownership of a Costa Rican corporation.


Each share holder can vacation at Las Olas throughout the year, as
often as he/she wishes, subject to the share holder ownership
reservation policies and procedures.


Why is Membership Shares Ownership being offered?


  • To provide ownership at a price that is a fraction of the cost of a
     comparable vacation home
  • To enhance the vacation experience by offering a variety of
     services
  • To remove the burden of vacation home management




Who establishes the assessments and controls the affairs of the
Las Olas?
Day to day business affairs will be conducted by Las Olas
Management. An advisory board of directors will be composed of 1%
owners.


How is ownership in the Membership Shares Ownership
evidenced?


Each share holder will receive a stock certificate representing
ownership in the corporation.


How many shares will be sold?


(30) Shares Las Olas 1% Beach Club Lifetime Owners
(160) Las Olas Beach Club Lifetime Members shares


Which members of the owner’s family have owner privileges?


All family members have privileges during planned vacation periods.
Spouses, domestic partners and dependent children under age 25
who are living at home or who are full-time students have full casita
use privileges on a space available basis.




May Membership Shares Ownership arrange guest privileges?
Owners may invite “Designated Lodging Guests” to use their
confirmed Planned Vacation periods paying a guest lodging fee.


Do Membership Shares Ownership pay housekeeping charges
when they stay at the casitas?


Yes. A housekeeping fee will be charged for each visit; presently
$20.00 per day for owners and $30.00 per day for designated lodging
guests staying in luxury casitas, and $10.00 and $20.00, if you stay in
an existing cabin.


Can a Membership Shares Ownership be resold?


Yes. Like any other form of corporate stock certificate, a Owner’s
interest can be sold or transferred by the Owner. There will be a
10% owner transfer paid to the Las Olas Corporation.


What will a Fractional Owner receive upon the resale of his or
her Ownership interest?


The net proceeds from the sale of the stock after commissions, taxes
and transfer fees.




Process and terms, for sale of Owner shares, memberships and
affiliations.
Owner shares: Only resold back to Las Olas Corporation at 20%
discount of market value.


Memberships: Money back with a 20% discount price at market
value.


Affiliations: Forfeited by non renewal or cancellation of affiliation.




                FAQ Regarding Las Olas Ownership




Why is the fractional ownership therein being purchased
through a Costa Rican corporation?


A Costa Rican corporation, or anonymous society (hereafter referred
to as S.A.) is the usual and customary entity in Costa Rica used for
acquiring and owning real estate. Costa Rica imposes a 4% transfer
tax and costs on real estate transfers (which includes the transfer tax,
registration rights and other related tax stamps), but there is no
comparable tax on the transfer of shares in an S.A. The Developer
has transferred title to each casita and each membership ownership
to an S.A. and has absorbed the initial real estate tax on that transfer.
When the owner of an S.A. decides to sell his interest, the transfer
tax will not be imposed on the transfer of the shares in the S.A.
What does “S.A.” mean?
S.A. means Sociedad Anonima (Anonymous Society). Although there
is no exact match with any U.S. corporation, the S.A. is most similar
to the U.S. Corporation. The S.A. will have to pay a minimum of 10%
fixed income tax rate on any income generated within the territorial
boundaries of Costa Rica in addition to a fixed corporate tax which
amounts to U.S. $100.00/year and maintenance cost such as filling of
a tax return.


What is a membership ownership?
A fractional ownership is where one owner, the S.A., owns an
undivided interest in Las Olas with other S.A.s, entitling all of the
owners of Las Olas to the use, enjoyment of its services. It is an
interest in real estate and is freely transferable. A Co-Ownership
Agreement governs the relationship of the S.A.s.


If the owner of the S.A. is a United States citizen, will there be
any taxes due under the Internal Revenue Code?
U.S. citizens should consult with their own tax advisors.

				
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