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RESORT DEVELOPMENT NOVOSELË-VLORË ALBANIA Status As at 2014

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RESORT DEVELOPMENT NOVOSELË-VLORË ALBANIA Status As at 2014 RESORT DEVELOPMENT NOVOSELË-VLORË ALBANIA Status as at 2014 • Mr. Gazment DEMI owns 240 hectares plot along the Albanian coastline in the commune of Novoselë. • The land has more than two kilometers of coastline with sandy beaches and includes a lake as well as a forest. Novoselë is located approximately 120 kilometers to the south of Tirana and about 12 kilometers from the city of Vlorë. • An urban development plan for the area between the Vjosa river and Hidrovore (Novoselë commune) has been conducted and the functional zoning plan has been approved by the district authorities, the responsible Ministry of Agriculture, Nutrition and Consumer Defense as well as the government of the Republic of Albania. The plot is situated in this area. • As part of the already prepared urban plan the resort will include different elements like hotels, villas, shopping facilities, an aqua park, golf fields, etc. Zone C Albania • The Republic of Albania is a country in the south eastern part of Europe bordering Greece, Macedonia, Kosovo and Montenegro • Across the Strait of Otranto, Italy is only 72 kilometers away from the Albanian coastline The Beach Tourism in Albania • Although the natural pre-requisites for a positive tourism image of Albania do exist, the country is still not visible on the world map of tourism destinations. • Albania has 350 kilometers of coastline, a Mediterranean climate with impressive mountains and lakes as well as numerous interesting cultural places. • According to official figures of the UN World Tourism Organization the number of overnight visitors to Albania had been between 2.5 and 3 million over the last four years. • The NTO (National Tourism Organization) of Albania currently uses the slogan “Albania – a new Mediterranean love” – but with the current shortage of modern tourism destinations it will be difficult to be heard. • The main reasons for the actual Albanian tourism situation are the lack of accommodation facilities and holiday resorts with an inappropriate number of rooms and the insufficient financial resources and development skills of the public authorities. Vlore Region Vlorë Region • The plot of land in Novoselë designated for tourism development is located in Vlorë District. • Novoselë is highlighted in red circle in the geographic map of Albania aside. The City of Vlorë • Vlorë is located in the Southwestern part of Albania at the confluence of the Adriatic and the Ionian Sea. • After Durrës, it is the second largest port city of Albania with a population of approximately 94.000 inhabitants. Climate • Vlorë District has a typical Mediterranean climate with cool wet winters and hot, dry summers with the possibility that temperatures can exceed 35 degrees • The average daily high temperature reaches 30 degrees in the summer months of July and August, while January is the coldest months with an average daily high temperature of 13 degrees. The precipitation is generally very low in the summer time but can exceed 200 millimeters in the winter months Zone C Accessibility Currently there are several ways for foreigners to get to Vlorë District: 1. Flight to Tirana and road connection (110 km) to Vlorë District. 2. Flight to Corfu Island (Greece), ferry (40 km) to Saranda and road connection to Vlorë District (126 km). 3. Ferry from Brindisi (Italy) to Vlorë (141 km). 4. Ferry from Durrës to Vlorë (105 km). Tourism attractions of the region Apollonia Kanaina Castel Vlora City Karaburun Sazan Island Karaburun Penisula Tomorri Mountain Berat Orikum Urban study for the territory between estuary of Vjosa River and Hidrovore • The 14th July 2009 the Albanian Goverment approved the “Urban Study for the Tourism Development of the Coastal Area between estuary of Vjosa river and Hidrovore. Zone C Zone C The following map shows the result of the urban study on Tourism Development for Novoselë • The two coastal tourism development zones, highlighted in red have the same designation for hotels, hotelier elite villas, service objects, touristic residences and tourism attractions, gambling, sports etc. The distance between AIRPORT these two zones is 4.55 km. • The sport area of tourism development is SPORT ZONE highlighted in green, has a total area of 300 hectares and is designated for golf fields and horse riding facilities. • The blue highlighted area is approved for the development of a regional airport. The ZONE “C” distance between the airport and zone “C” is 5.4 km, while the distance of zone “C” from the highway is 6.4 km. ZONE “A” Zone C Property information • This plot has a beach coastline of approximately two kilometers. The beach consists of smooth sand and has a width up to 150 meters. There are several natural dunes along the beach. Directly behind the sandy beach zone is a shallow lake. ZONE C Mr. Gazment DEMI • The territory includes, in it’s major part, a 240 ha dense Mediterranean forest area. • The territories north and south of Tourism Development Zone C are protected areas of dense forest with no building permission. • It is important to highlight that all this territory is property of one owner. The Lagoon Hotel Zone Maximal height 6 floors Lot coverage 15 - 30% Total area of the hotel zone 862 127 m ² (86.2 ha) Maximal hotel construction area 775.917m² Maximal No. of beds 17236 14 hotels are foreseen The Hotel Area Hotel Build Volume Hotelier Zones Site area Lot coverage Footprint area No. Construction No. of No. of Maximal Max. Max. No. Max. No. m² floors area m² rooms beds No. floors Constructio of rooms of beds n area m² m² % H1 53190 15% 7978.5 6 47871 532 1064 6 47871 532 1064 H2 53190 15% 7978.5 6 47871 532 1064 6 47871 532 1064 H3 53190 15% 7978.5 6 47871 532 1064 6 47871 532 1064 H4 53190 15% 7978.5 6 47871 532 1064 6 47871 532 1064 H5 52834 15% 7925 6 47550 528 1056 6 47550 528 1056 H6 52834 15% 7925 6 47550 528 1056 6 47550 528 1056 H7 52834 15% 7925 6 47550 528 1056 6 47550 528 1056 H8 58692 15% 8804 3 26412 293 586 6 52824 586 1172 H9 58692 15% 8804 3 26412 293 586 6 52824 586 1172 H10 58692 15% 8804 3 26412 293 586 6 52824 586 1172 H11 66790 15% 10018.5 3 30055.5 334 668 6 60111 668 1336 H12 66790 15% 10018.5 3 30055.5 334 668 6 60111 668 1336 H13 66790 15% 10018.5 3 30055.5 334 668 6 60111 668 1336 H14 114419 15% 17163 3 51489 572 1144 6 102978 1144 2288 TOTAL 862127 555025.5 775917 129319.5 12330 17236 Roads Scheme Zone C Other Functions Hotelier Residential Zone elite villa Maximal height 3 floors Maximal height 3 floors Lot coverage 15-30% Lot coverage 15-30% Total area of the residential zone 932 400 m ² (93.2 ha)) Total area of the villa zone 437 400 m ² (43.7 ha) Residences construction area 699 300 m² Villa construction area Residential apartments 131 100 m² (≈ 435 villas) ≈ 9 320 apartments (18 640 bedrooms) Shopping Area Sport Zone Maximal height 3 floors Total area of the sportive zone 493 300 m ² (49.3 ha) Lot coverage 15-30% Total area of the service zone 119 The area of 10 soccer fields and 200 m ² (11.9 ha) their facilities 100 000 m² Service construction area Tennis court, volleyball and 71 520 m² basketball fields area 50 000 m² The construction area for 2 floor TOTAL CONSTRUCTION AREA buildings 20 000 m² 764 026 650 m² Investment Values • Hotel construction area 555 025 m² x 500 Euro/ m² = 277 512 500 Euro • Hotelier Elite Villas construction area 131 100 m² x 400 Euro/ m² = 52 440 000 Euro • Residences construction area 699 300 m² x 300 Euro/ m² = 209 790 000 Euro • Shopping etc. construction area 71 520 m² x 500 Euro/ m² = 35 760 000 Euro • Sport facilities construction area 20 000 m² x 400 Euro/ m² = 8 000 000 Euro • Marina, etc. = 29 036 242 Euro • Infrastructure (Water Supply System, Sewerage Collection System and Waste Treatment Plant, Energy Supply System) = 32 750 240 Euro TOTAL CONSTRUCTION AREA 1 476 945 m² CONSTRUCTION VALUE ≈ 645 288 982 Euro • Architecture, interior design, infrastructure projects and supervision (4% of the construction value) = 25 811 560 Euro • Development permit tax (4% of the construction value) = 25 811 560 Euro TOTAL INVESTMENT VALUE ≈ 696 912 102 Euro Sand Dunes From a tourist point of view, the tourism development zone C in Novoselë has the following main strengths and weaknesses: STRENGTHS WEAKNESSES •Attractive location at the sea and •Nearest airport “Mother Teresa” is 110 large forest area kilometers away – no inbound charter •Proximity to the city of Vlora connections. •Attractive sandy beach area •Albania and the region around Vlorë have •A number of attractive excursion no tourism image on the main European targets in the region around outbound source markets Novoselë •Vlorë and surrounding is already seen as a nice holiday spot for local people From an investor point of view, the tourism development zone C in Novoselë has the following main strengths and weaknesses: STRENTHS WEAKNESSES • Domestic demand for hotel/resort Development. •No current international demand. •Location at the beach and in close •Difficult to find an international proximity to Vlorë. operator for the hotel/resort. •Possibility to be the first in Albania to •No general infrastructure until the offer something unique (e.g. golf boarder of the tourism development course and residences or spa resort, zone C. casino hotels, water sports, etc). •Tougher credit criteria than before •Development with high percentage of the crisis.
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