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Rueda di Prensa

Rif Resort N.VMarriott Hotel

22 di Sèptèmber 2015

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Company

!"er by t#is $ompany %as&

't Seller(s option )a*+15,000,000 or )b* +1-,500,000%it# +1,000,00 at $losin/ and

2,500,000 on 'pril 15, 201-

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Company

!"er by t#is $ompany %as&

+1,500,000

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Company !

!"er by t#is $ompany %as&

+1,000,000

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otal Capitaliation

Company +503+55 million, 4aryin/ dependin/ upon

Seller(s $#oi$e of a$uisition pri$e

Company

+16,5 million initial. +0 million total

Company !

+7,-86,60

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Summary of $apitalplan

Company 9'ddition of 100 /uestrooms

9:ea$# repair9'dditional par;in/ and a$$ess

points

9

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Summary of $apitalplan

Company 9>ull reno4ation of t#e Property(s/uest rooms, bat#rooms, publi$

spa$es and address deferredmaintenan$e

9?mplementation of a Club

Pro/ram@ Club oun/e, eApansion oft#e eAistin/ Bmerald oun/e and

build out of dedi$ated rab and o

and retail outlets

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Summary of $apitalplan

Company !

9'ddition of /uestrooms

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Capital Plan time lineCompany

9

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Capital Plan time lineCompany

92380 mont#s %it# t#ema=ority of t#e reno4ation %or;ta;in/ pla$e %it#in t#e Drst 13

2 mont#s.

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Capital Plan time lineCompany !

9Hotel %ill $lose forapproAimately 1 mont#s

durin/ reno4ations.

9>ull timeline pro4ided

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Bmployment !4er4ie%Company

9Reno4ation and eApansion of#otel eApe$ted to employ 250

%or;ers

 9Completed #otel eApe$ted toemploy 500

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Bmployment !4er4ie%Company

9!utside of $asino operation, does noteApe$t to materially alter t#e number of

>B(s

 9Eit# re/ard to t#e Casino operation, it is preferen$e to remo4e Marriott as operatorand brin/ in a 8rd party operator to ta;e

o4er t#e outlet. #is %ould result intermination of all employees allo$ated to t#e$asino and %ould not be $ertain as to t#e

#irin/ pro$ess of t#e ne% 8rd party operator.

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Bmployment !4er4ie%Company !

9'fter full reno4ation, Hotel %ill

employ 215 #otel employees and1 $asino employees )25- totalemployees*

9>ull brea;do%n pro4ided.

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etter of Marriott ConDrmin/ appro4al as buyer 

Company

 Fes

Company

 Fes

Company !

?n t#e pro/ress of obtainin/

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Proof of >unds 

Company  Fes C?? ban; 

Company

Company %ould li;e to dis$uss

Company !

None Submitted

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:esluit raad 4an minister

Einnin/ bid /oes to&

Company !

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Marriott >>GB es$ro%?n millions

Contribution to

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#an; you