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Bounty resort (II)
100% Financiado

100%
100%
Faltan: €0.00
Min.: €0.00
Tasa de interés: 21%
Período: 7 meses
Financiado
Objetivo: €27 600
Min. objetivo: €10 000
Abre: 2020/07/09
Vence: 2020/08/18
Categoría: Specialized
Ubicación: Cambodia
Inversiones: 222

Summary

CROWDESTOR offers our borrower Bounty Resort a loan of EUR 47 600,00. The loan is offered with a purpose to help reopen the hotel for the high season of tourism and cover the losses caused by COVID-19. Asia was the first to be affected by COVID-19 during the high season of tourism, causing tremendous losses to the whole industry.

Resort BOUNTY Boutique is highly valuated, overall 8.2 stars on booking.com and 9.2 stars for location, resort in one of top tourism destinations in Cambodia – Koh Rong Sanloem island.  BOUNTY Boutique currently consists of 13 bungalows. 

The specifics of the climate together with the downtime of the hotel has caused damage to the hotel building condition, making it one of the priorities that need to be resolved in order for the hotel to start working again once the high season comes. 

The minimum target to be raised in CROWDESTOR platform is EUR 25 000,00 and the maximum target is EUR 47 600,00.
 

Loan


Minimum target: EUR 10 000,00.
Maximum target: EUR 47 600,00.
Loan term: 13 months.
Interest rate: 19.5 % per annum.
Interest payments: in bullet payment at the end of loan period
Loan repayment: In full at the end of the Loan Term.

 

Security:

  1. 51% pledge on shares of the Borrower and one person from CROWDESTOR on the management board of the Borrower during the Loan period;
  2. the necessary documentation, and the documentation stays at CROWDESTOR disposal, which allows us to take over 100% of the company that owns the projects on the first day of payment delay;
  3. Prohibition to sell, lease or otherwise encumber real estate of the Resort without written accept of the Crowdestor's designated board member;
  4. waiver of any potential claims against CROWDESTOR in future.


Crowdestor BuyBack fund: Yes
 

 

The Project


Sihanoukville is 7 km from the accommodation. The nearest airport is Sihanoukville International Airport, 22 km from BOUNTY Boutique. The management team of the BOUNTY BoutiqueHotel is much experienced and well versed in local business features and specificities, permitting to gain a useful inside knowledge into the rather competitive and constantly growing resort hotel business sphere in this Southeast Asia region. The team also owns, supervises and fully manages another resort hotel in the same jurisdiction under the name of ‘Hotel Port Hedonia’ - www.porthedonia.comand ‘Sweet Dreams Samloem’ – https://www.sweetdreamssamloem.com
The BOUNTY Boutique Hotel is expected to continue delivering the same level of attractiveness and recognizability of an affordable good quality resort. Even more, the goal is to make the BOUNTY Boutique a benchmark of quality for the whole of the Saracen Bay, the area on the Sangkat Koh Rong island where major tourist, hotel, catering, and entertainment businesses and services are located.
Resort hotel ‘BOUNTY Boutique’ has operated throughout the year 2018 with an average occupancy rate of 90%, while giving the best results in January, February, and March when occupancy has been in excess of 99%. The lowest occupancy rate during the year has been in June with a 70% rate, second-lowest coming in the period May through September with 80%.

 

BOUNTY Boutique

Ratings and reviews on Booking.com


“Loved the location of this, almost at the end of Saracen Bay. It was far enough away from the bigger/busier hotels and bars but still close enough for us to walk each evening. Breakfast was amazing, good choice plus generous servings and complimentary water bottles each day. The pool was a big bonus and the sunbeds under the shade a perfect place to relax. We had a very early check-out due to ferry schedule but the hotel arranged a long-tail boat to the pier at the other end of the beach for us and even packed us a take-away breakfast.” -Diane, Malaysia



 
“The bungalows are comfortable and modern. The swimming pool with infinity view on the beach, sea and coconut trees is amazing. A very good breakfast is included. We had a great time! Staff speaks English and Russian.” -An, Belgium
 

 
“Resort owned by Ukrainians. Dimitri was very friendly and offered his help with organizing time on the island. Very nice pool!! Bungalows with glass walls so you could see beach and sea from the inside. Many beach chairs, no crowded, you always had a free bed. Beach nicely maintained.” Lucas, Poland
 

 
“Breakfast and food, in general, were excellent. We loved the fresh shakes! Nice and funny staff. Fantastic location to relax and the pool in different levels is perfect!”  - Gina, Norway
 

 
The location of the resort is great as I think that this part of the Sarancen beach is one of the most beautiful ones on the whole island and also very quiet. Beautiful small resort (7 oceanfront bungalows) on a quiet, calm beach making you feel like having a private beach. Free pick up and drop off to the pier. Bungalows: The bungalows are really nice and spacious, the view to the beach and sea was great. The rooms have everything you need Bungalows are equipped with glass walls so you can see the beach from the inside but none could look into the room. Beach: The beach is beautiful and the depth of the water is small for dozens of meters. Swimmers must go fare away to be able to swim. Beach is well maintained and cleaned every morning. Enough beach chairs for all. Free kayak and paddleboards. Pool: The swimming pool was cleaned daily and was really one of the biggest and nicest on the whole island. The only resort which can compare with the quality is the One resort and maybe Sara but this has no pool. The food: The food was also very good, large portions and lower prices compared to the other restaurants. Very good continental breakfast. The STAFF: The staff (especially Slav) was absolutely incredible. Utilities: There is no possibility to pay by credit cards (no ATM's on the island) There is no electricity distribution on the island, electricity is made by generators in every resort. wifi connection = not so good, slow with many short-time interruptions during the day. Some improvements also should be done regarding the design of the restaurant's interior. The interior is very simple and doesn't correspond to the design of the bungalows. - Václav, Czech Republic
 

Potential of Cambodia               

Economy – overview



Cambodia has experienced strong economic growth over the last decade; GDP grew at an average annual rate of over 8% between 2000 and 2010 and about 7% since 2011. The tourism, garment, construction and real estate, and agriculture sectors accounted for the bulk of growth. Around 700,000 people, the majority of whom are women, are employed in the garment and footwear sector. An additional 500,000 Cambodians are employed in the tourism sector and a further 200,000 people in construction. Tourism has continued to grow rapidly with foreign arrivals exceeding 2 million per year in 2007 and reaching 5.6 million visitors in 2017. Mining also is attracting some investor interest and the government has touted opportunities for mining bauxite, gold, iron, and gems.
Still, Cambodia remains one of the poorest countries in Asia and long-term economic development remains a daunting challenge, inhibited by corruption, limited human resources, high-income inequality, and poor job prospects. According to the Asian Development Bank (ADB), the percentage of the population living in poverty decreased to 13.5% in 2016. More than 50% of the population is less than 25 years old. The population lacks education and productive skills, particularly in the impoverished countryside, which also lacks basic infrastructure.
The World Bank in 2016 formally reclassified Cambodia as a lower middle-income country as a result of continued rapid economic growth over the past several years. Cambodia’s graduation from a low-income country will reduce its eligibility for foreign assistance and will challenge the government to seek new sources of financing. The Cambodian Government has been working with bilateral and multilateral donors, including the Asian Development Bank, the World Bank and IMF, to address the country's many pressing needs; more than 20% of the government budget will come from donor assistance in 2018. A major economic challenge for Cambodia over the next decade will be fashioning an economic environment in which the private sector can create enough jobs to handle Cambodia's demographic imbalance.
Textile exports, which accounted for 68% of total exports in 2017, have driven much of Cambodia’s growth over the past several years. The textile sector relies on exports to the United States and European Union, and Cambodia’s dependence on its comparative advantage in textile production is a key vulnerability for the economy, especially because Cambodia has continued to run a current account deficit above 9% of GDP since 2014.
 

Tourism

Tourism in Cambodia


In the 1960s, Cambodia was a prominent tourist destination in the Southeast Asian region. Due to protracted periods of civil war, insurgencies, and especially the genocidal regime of the Khmer Rouge, Cambodia's tourism industry was reduced to being virtually non-existent. Since the late 1990s, tourism is fast becoming Cambodia's second-largest industry, just behind the garment manufacturing. In 2006, Cambodia's tourism sector generated a revenue of US$1.594 billion, which made up approximately 16% of the country's GDP.
The tourism industry in Cambodia has been perpetuated by the development of important transportation infrastructure; in particular, Cambodia's two international airports in Phnom Penh and Siem Reap respectively. To the Cambodian economy, tourism has been a means for the accumulation of foreign currency earnings and employment for the Cambodian workforce, with about 250,000 jobs generated in 2006.
Tourism in Cambodia is one of the most important sectors in Cambodia's economy. In 2013, tourism arrivals increased by 17.5 percent year on year, with business travelers increasing 47 percent.



In 2018 Cambodia experienced the third-largest increase in international tourists in Asea, behind only Vietnam and Indonesia, according to data recently released by the Ministry of Tourism.
In the year 2018, the number of international tourists visiting the Kingdom grew by 10,7 percent, a rate surpassed only by Indonesia, where foreign tourist arrivals grew by 11.6 percent, and Vietnam, who saw a 19.9 increase.
A total of 6.2 million foreign visitors traveled to the Kingdom in 2018, making Cambodia the seventh most visited country by international tourists in 2018. Laos, Myanmar, Brunei ranked eighth, ninth, and tenth, respectively.



Tourism in Koh Rong Sanloem     


Located just off the coast of Sihanoukville, Cambodia, Koh Rong Samloem is Koh Rong’s stunning sister island. It is a peaceful relaxing destination with breathtaking scenery – Pristine white beaches, clear turquoise ocean waters, and a tropical jungle wilderness. A real ‘island paradise’ – As it is often called by tourists. Here is all the information on Koh Rong Samloem’s beaches, tourism, history, geography, and villages.
Koh Rong Samloem Island is one of those places that you want to run out and tell the world about, but at the same time keep your own little secret. With just a smattering of low-key accommodation, the island is still very underdeveloped, and its pristine beauty is completely unspoiled by tourism. Besides the standard water activities of diving and snorkeling, the biggest draw on Samloem is the gorgeous beach and the opportunity to disconnect from “real life.”
After experiencing the damage that over-tourism has left on the islands of Thailand, you can look forward to somewhere off the grid. As the boat pulls up from the pier, you will be pleasantly surprised at the sheer lack of people. It is almost eerily quiet. Coming from the mainland, it will take some time to transition from the busyness of city life to quiet island living. In a few hours though you will be happy to float around in the calm water, read a book on the shore, and just enjoy the serenity of doing nothing.
As of 2017, Saracen Bay has established itself as the main tourist area on Koh Rong Sanloem, with more than a dozen bungalow and villa resorts. Accommodation and prices range from cheap dorm beds to modern villas with air-conditioning, wide-screen TVs, comfortable beds, and en-suite bathrooms with a hot shower and a western toilet. Other notable tourist destinations include ‘Lazy Beach’ and ‘Sunset Beach’ (located on the western side of the island).
The other significant tourist destination is the quaint little village of M'pai Bai (located on the northern side of the island). It considerably cheaper than Saracen Bay. The village has lots to offer with a good selection of family-run guesthouses and hostels. It's very laid back and a great place to recharge your batteries. You'll find the village caters for all budgets. With its own beach and two stunning beaches within walking distance from the village. Not to mention a small waterfall at the top of the hill and another one is hidden away. 
There are 5 main ferry services between Sihanoukville and Koh Rong Sanloem, each taking approximately 40 minutes to get to the island. All services leave from the Ochheuteal (AKA ‘Serendipity’) pier in Sihanoukville. There are also a couple of ‘Slow Boat’ services that take 1.5 – 2.5 hours. These services depart from the local port of Sihanoukville and the piers at Serendipity beach and Victory beach.
Currently, there are no banks or ATMs on Koh Rong Sanloem, though its neighboring island Koh Rong now has a way to get cash out. Therefore, travelers to the island are advised to bring cash in order to pay for food, drinks, accommodation, and any activities. Businesses that are operating on the island appreciate small denominations as it can be difficult to give change for large bills.



What To Expect on Koh Rong Samloem


Unlike Koh Rong Island, its more touristy neighbor, Koh Rong Samloem Island has not been completely spoiled by the backpacker party culture. This means quiet days, even quieter nights, and the chance to feel like you’re part of the natural landscape. Those that are looking for a break from the party in Koh Rong or Sihanoukville will enjoy the laid-back atmosphere. Be ready for some rustic living, though.
Electricity runs on generators and only certain hotels will have electricity running 24/7. On earlier days on the first visits, no one even bothers asking for Wi-fi. Wi-fi on the island was like hearing an urban legend. Now, most accommodation will advertise that they have free wifi. But give it a try and enjoy the chance to completely unplug.

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