Tiger Park Development Highest & Best Use and Market & Financial Feasibility Study for a theme park in Kislovodsk Executive Summary Interim 2 Report 15th November 2018
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Table of contents
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Executive Summary
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Study Area: General Location Current Status Principal Anchors
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Zoning
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Tiger Park Phasing
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Zone 01 Tiger Park Zone 02 Lake development area Zone 03 Slide Park Zone 04 Komsomolsky Park Zone 05 Parking
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Key Components Summary Financials
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Tiger Park Development Summary
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The Vision of the Tiger Park
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Tiger Park Development
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EXECUTIVE SUMMARY
The overall Vision of the project is to develop the “Leading regional entertainment park and new touristic centre of Kislovodsok” or in other words to develop a renown animal park which will offer authentic experience through a variety of innovative entertainment including revival of the “life” around the lake through a combination of hospitality and real estate components. Planing a balanced mix of components within the project will allow a new centrality to both public and touristic attraction, also enabling further development of additional components in the future. Tiger Park is the strongest contributors and the key anchor of the project, due to its attractiveness and effective planning of highly profitable components.
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Study Area: General Location The Study Area includes Tiger Park Development and the other components, and is located is Kislovodsk, Russia
1,600KM From Moscow
Flight Duration from Sheremetyevo Airport 1 hr, 42 mins
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43KM Distance to Mineralnyye Vody Airport 53 mins
Kislovodsk city total population: 128,553 The Study Area location within Kislovodsk:
Tiger Park Development
2.5KM Center
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Study Area: Current Status Proposed Land for Development The project plot has a suitable geography for developing the park on sustainable basis. Source: Horwath HTL analysis
Dry Lake
Natural Greenery 8
Current Slopes
Current Park AREA: 99Ha
Structural Deterioration
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Principal Anchors
Zoning
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01
03 RESIDENTIAL DEVELOPMENT
ZONE 01: TIGER PARK
ZONE 02: - LAKE DEVELOPMENT
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ZONE 04: KOMSOMOLSKY PARK
HOTEL
05 ZONE 05 : PARKING
ZONE 03: SLIDE PARK
ZONE 2 ZONE 5 ZONE 4
ZONE 3
TIGER PARK DEVELOPMENT Estimated Total Investment: 56 mil. €
ZONE 1
MAIN ENTRANCE
Total Revenue: 44.4 mil. € 11
TIGER PARK 01 PHASING
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Core of the Animal Park
Illustrative example - Animal Park Component Phasing The project itself will be phased in terms of construction with a long term perspective in mind To be built immediately within first phase - to ensure a required scale and level of attractiveness
02 Program
2020-2025
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Program 2025-2028
04 Year by year investments into new attractions of the Park - in order to continuously build attractiveness and to have yearly improvements of the park 12
Program 2028+
ZONE 2 ZONE 5 ZONE 3
ZONE 4
01 02 03 ZONE 1 TIGER PARK 13
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ZONE 01 TIGER PARK Phase 01
30 Ha • The Animal Park will be developed on a minimum level of 23 Ha and targeted level of 30 Ha which is the total area available for the purpose. • Dedicated management to an international specialised operator
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• Expected to attract 250,000 visitors (base scenario) and 470,000 (high scenario)
Current Situation
4 SAFARI TRAIN STN.
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Components:
ENTRANCE & SHOP
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1. Animal Park 2. Immersive accommodation (Tiger Lodges and premium Datcha) 3. Family Entertainment Center 4. F&B 5. Commercial
5 1 TIGER PARK Estimated Investment: 26.0 mil. € Proposal
Revenue: 10.2 mil. € 15
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ZONE 01 - TIGER PARK
Tiger Lodge
Proposed Location of the Tiger Lodges and premium datcha with multiple rooms, for visitors to enjoy the park view from within.
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Safari tours
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ZONE 01 - TIGER PARK
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ZONE 02 LAKE DEVELOPMENT 18 Ha
The lake is complementary element of the Tiger Park key attractions, Hotel and residential facilities plus retail will be revitalized to become one of the main icons of the project with the following activities around it: • Boardwalk / pathway • Public park and beach 20
Current Situation
• Total 150 Hotel Keys • 250 residential apartments
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3 1
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LAKE DEVELOPMENT Estimated Investment: 30 mil. € Proposal
Components: 1. Lake 2. Heart of the Park: - Shops and retail - Family Recreation center 3. Residential 4. Hotel 5. Public park and beach 6. Balloon 7. Bird show theatre 8. Restaurant 9. Entrance and shop
Revenue: 34.2 mil. € 21
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ZONE 02 - LAKE DEVELOPMENT
“Captive Air Balloon base location near the lake”
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ZONE 02 - LAKE DEVELOPMENT Full service 4-star hotel located near the lake, provides high quality service and builds long term loyalty and reputation.
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03
ZONE 03 SLIDE PARK
5 Ha
Current Situation
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Components: 1. Slide Park
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SLIDE PARK Estimated Investment: 6.9 mil. € Revenue: 3.2 mil. €
Proposal 27
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ZONE 04 KOMSOMOLSKY PARK
9 Ha
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Components: 1. Existing park
1Â
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ZONE 04 - KOMSOMOLSKY PARK
‘‘Leading regional entertainment park and the new touristic centre of Kislovodsk’’
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ZONE 05 PARKING 5 Ha
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Components: 1. Parking area
1Â
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KEY COMPONENTS SUMMARY HOTEL
Total Keys: 150 Hotel Annex New Boutique Hotel
ZONE 02: - LAKE DEVELOPMENT
ZO PA
ZONE 03: SLIDE PARK RESIDENTIAL Residential Core (250 units) Residential expansion (+100) Serviced apartments
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TIGER PARK Animal park Family entertainment center F&b Commercial Immersive accommodation Spa
ZONE 01: TIGER PARK
LAKE Boardwalk Content around the lake
ONE 05 : ARKING
ZONE 04: KOMSOMOLSKY PARK
KOMSOMOLSKY PARK Park area development SLIDE PARK Slide park
LEGEND PLANNED COMPONENTS TO BE REVISITED IN THE LONG TERM TO BE DEFINED WITH THE CITY
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FINANCIALS
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Tiger Park Development Summary Real Estate and Hotel Zone as the key components to start reviving the life around the Lake
ZONE 3
Shops, restaurants, an public spaces to ensure creating a new centre for Kislovodsk
RESIDENTIAL & HOTEL
LAKE
ZONE 2 ZONE 4
SLIDE PARK
ZONE 5
TIGER PARK
Animal Park with various experiences and natural behaving animals within
The Concept is based on 5 core anchors with immediate dependency The Goal of the project is to develop a balanced mix of components that will ensure returns to investors and benefits to both locals an 40 tourists.
ZONE 1
KOMSOMOLSKY PARK
Slide park and entertainment centre as the new Fun area of the City
PLANNED COMPONENTS TO BE REVISITED IN THE long TERM TO BE DEFINED WITH THE CITY
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The Vision of the Tiger Park is to offer a journey from Kislovodsk to the Far East to discover Siberian Tigers. Impressive safari experience through various climate zones in natural habitats for animals. 43