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					le Sereno Villas
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                                                                                         Indicative Plans Detailed architectural plans available upon request
   Below we provide a question and                           You will own your Villa outright and may resell it at    4. Can the Management Contract for my
   answer sheet regarding ownership                          any time, keeping any profits that may be derived        Villa be customized to my specific needs?
                                                             from appreciation in value.
   options for Le Sereno Villas
                                                                                                                      Yes, several alternative arrangements are
                                                                                                                      available:
                                                             2. What form of ownership will I have?
                                                                                                                      a) Maintenance agreement for a fixed Maintenance
1. Why own a Le Sereno Villa?                                You will own directly the land, house and all im-           Fee plus utility costs
                                                             provements. St Barthelemy is governed by the law         b) Maintenance and hotel services
The owner of a Sereno Villa will have a luxurious vaca-      and judicial system of France, providing security and    c) Maintenance and hotel services, plus participation
tion home in a premier location with access to all the       predictability to property rights. There are no res-        in rental program with unlimited use of the Villa
services of a world renowned ultra-luxury hotel. Le Se-      trictions on foreign ownership of real estate.           d) All hotel services plus “Free Maintenance” if you
reno Hotel can take care of all upkeep, maintenance and
                                                                                                                         accept certain restrictions on use, es detailed below
if you wish to rent the Villa when you are not there. The
Management Contract between you and Le Sereno can            3. Who is the Operator?                                  e) Variations or combinations of the above
be customized to suit your specific needs in terms of
maintenance and upkeep; usage; services; and, if you         The Villas will be operated by the same company
so desire, income-generating rental to third parties.        that manages Le Sereno.                                  5. If I join the rental program, are there any
                                                                                                                      limits to my personal use of the Villa?

                               ADVANTAGES OF LE SERENO VILLAS                                                         You will have unlimited occupancy rights to the Villa
                                                                                                                      for personal use except when it has been rented in ac-
• Destination: St. Barth: Where else can you find             vices available only to Villa owners such as a butler   cordance with your prior instructions. As further ex-
  the natural beauty and unique atmosphere of St.             and use of our chef and restaurant team for private     plained below, if you are willing to accept certain
  Barth? If you’ve been here, we do not need to ex-           dining in your villa                                    usage restrictions, Le Sereno will guarantee the pay-
  plain the magic of St. Barth…                             • Le Sereno: Preferred access to all of the services      ment the Maintenance Fees at no out of pocket cost
• Beauty and Design: Developed by the team, led               and facilities of Le Sereno, including the pool and     to you.
  by Christian Liaigre, that designed, built and deco-        beach club, restaurant, concierge, gym, bar, in-villa
  rated Le Sereno. Clean, calm and spacious design            spa treatments (conditions apply),
  maximizes views and seamlessly integrates the in-         • Hassle-Free Ownership: Enjoy your entire vacation       6. Can the Operator guarantee that rental
  terior and exterior of the house.                           instead of losing time arranging necessary repairs      income will cover the Maintenance Fee?
• Location: Breathtaking views of the Grand-Cul-de-           to your home... At your option, housekeeping, en-
                                                              gineering, maintenance and landscaping can be all       Yes, If you participate in the rental program and are
  Sac, ranked as one of the most beautiful beaches
                                                              taken care of by Le Sereno.                             willing to restrict your usage of the villas to six
  in the world by the Travel Channel.
                                                                                                                      weeks per year with blackout dates for certain ho-
• Ownership: Enjoy the beauty privacy and services          • Hassle-Free Renting: If you wish, the Hotel will
                                                                                                                      lidays (including Easter, Christmas through New
                                                              rent your Villa when you are not using it. No need
  of Le Sereno Hotel AND the potential for income                                                                     Year Day and President’s Day), the Operator will
                                                              to call brokers, collect payment or arrange to wel-
  generation and capital appreciation.                                                                                guarantee that you will not have to pay out-of-
                                                              come and respond to questions from guests. We
• Service: At your option, enjoy all the services of an       will take care of all that using the staff and mar-     pocket the Maintenance Fee Any shortfall in rental
  ultra luxury hotel in your Villa, plus additional ser-      keting channels of Le Sereno.                           income to cover the yearly Maintenance Fee will
                                                                                                                      be paid by the Operator.
 MAIN ECONOMIC TERMS OF                                 7. What is the Maintenance Fee and what                               10. Can I get hotel service when using my
 MANAGEMENT CONTRACT                                    does it cover?                                                        Villa?
                                                        The Maintenance Fee is a fixed amount of € 6500 per                   Certainly; if desired you can get the same level of ser-
The principal terms, some of which will not             month plus utilities. It includes, but is not limited to, clea-       vice provided to guests at Le Sereno. Depending on the
be applicable to all ownership options, are:            ning, maintenance and upkeep of the parking garages,                  specifics of the Management Contract, Le Sereno can
                                                        decks, gardens and other outdoor areas, maintenance of                provide hotel services such as twice a day maid service,
a) Monthly Maintenance Fee: covers mainte-
                                                        building exterior, roof, driveway, swimming pool, land-               24-hour room service, Villa butler and breakfast.
   nance and upkeep of the Villa
                                                        scaping, irrigation, security services, concierge, satellite
                                                                                                                              If you participate in the rental program Le Sereno will
b) Variable Fees: If you allow rental of your Villa,    TV, wireless high-speed internet, sewage, trash, pest
                                                                                                                              provide these services free for a certain number of days
   certain fees related to rental of the unit will be   control, etc. The Maintenance Fee is the equivalent of a
                                                                                                                              a year and will charge a per diem fee thereafter.
   due (credit card and travel agent commissions        condominium maintenance charge in the United States.
   plus the revenue sharing with the manager) -
   These are not out-of-pocket for you; they are a      8. How is rental income shared between                                11. What other costs of ownership will I have?
   percentage of and paid only from your share
                                                        the Manager and the Villa Owner?
   of rental revenues.                                                                                                        In addition to the Maintenance Fee, other costs may
                                                        If you decide to participate in the rental program, revenues          include, but are not limited to: insurance, utilities and
c) Revenue sharing: If you allow rental of your
                                                        will be shared 60% to you and 40% to the Hotel, after                 only you are in the rental program, contribution to the
   Villa, revenues will be shared 60% to you and
                                                        deduction of travel agent/broker commissions, credit                  FF&E reserve. The FF&E Reserve contribution will be 2%
   40% to the Hotel.
                                                        card commissions, room-taxes and other top-line costs                 of gross rental revenues for the first year, 4% for the se-
d) FF& E Reserve: Reserve to replace furniture,         paid to third parties (for example, car rental companies if           cond year and 6% thereafter (this cost is not out of pocket,
   fixtures and equipment. Also not out-of-pocket       the rental price includes a car) plus the deduction of a Mar-         it is deducted only from rental revenues).
   and paid only owner’s share of rental revenues       keting Fee equal to 15% of gross rental revenue.
                                                                                                                              Other costs will be defined in the management contract
e) Insurance: Similar to a Home Owner’s policy                                                                                and may include need to refurbish villa above what’s
   and purchased and paid directly by you. Ma-          9. What services are provided as part of the                          available in the FF&E reserve. As the owner of the Villa
   nager will purchase at its expense an additio-       revenue sharing arrangement?                                          you will be responsible for local taxes (if any), major repairs,
   nal policy for liability. Consult an expert to get                                                                         assessments and any other costs related to ownership. In
                                                        Services provided include, but are not limited to, accounting,
   a quote, but it is not a major expense. Busi-                                                                              addition to these costs, you may have financing costs and
                                                        administration, reception/front desk, check-in/check-out, air-
   ness interruption insurance is not included.                                                                               income taxes from rental income.
                                                        port transfers, hotel-quality service for renters of the Villa, re-
f) Local Taxes: Taxes in St Barth are low, often        servations, sales, marketing, website maintenance, and all            Please consult your tax and financial advisor on these
   zero. Please consult your own tax counsel. We        advertising and marketing material needed to run the Villa.           matters.
   make no representations on this subject
g) Capital Expenditures: Owner is responsible
   for major repairs, such as those not covered
   by insurance.
h) Free Maintenance Fee: If you agree to parti-
   cipate in the rental program and to certain
   usage restrictions, Le Sereno will cover the
   Maintenance Fee (see item 6 above).
Le Sereno Villas are the latest addition to Le
Sereno
Owners of Le Sereno Villas may have access to all the
services and amenities that have made Le Sereno famous.
Le Sereno is an intimate 37-room beachfront luxury hotel.
Inspired by the unique style and energy of St Barth,
renowned Parisian designer Christian Liaigre transformed
Le Sereno into the most stylish and private sanctuary among
the island’s select group of hotels.
Le Sereno is consistently ranked
as one of the best hotels in the world
bythe specialized press.
"Best of the Best" list
Robb Report

"King of Barts"
Wallpaper* Magazine
The Best Products,
People and Places
Time Magazine

“Pure Island Dream”
Vogue

Traveler Hot List
Condé Nast

50 Dream Trips (1st on the list)
Travel and Leisure

The ten most beautiful
beache in the world
Travel Channel

Best Hotels in the World,
Both Old and New
H&G House & Garden

Best Holiday SPAS
Gala SPA Style

Top-Ten Caribbean Resorts
ELLE

Top 10 New Hotels
Tablet Hotels

List Top 10: New Caribbean Resorts
Luxury Travel Magazine A
Top Romantic Getaways
Travel and Leisure
                                         Photos JP Piter et G Tessier - Design & Print Florence Voix
HOTEL LE SERENO
Saint-Barthélemy - French West Indies
Tel. +59 (05) 90 29 83 00
USA +1 888 Le Sereno (1 888 537 37 36)
info@lesereno.com - www.lesereno.com
www.lesereno-villas.com

				
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posted:6/2/2011
language:Italian
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