Señor Frogs - Las Olas Ocean Resort

RESTAURANT
MISSION
•"To exceed the expectations of our clients
with unique concepts".
• To offer unique and complete
concepts of food, beverages and
entertainment exceeding the
expectations of our clients
and to be a labor space
allowing the achievements
and personal growth of
those working for the
group.
VISION
• To be come the major and
most creative brand of casual
restaurants in the United States
of America.
• To be recognized as an original,
amusing, solid and professional group.
One with human quality and ethical principles
which offers services and products of excellence to
its clients, opportunities of development to its
personnel, fair treatment to its suppliers and
partners, honesty and clarity to the authorities,
and commitment with the development of the
communities where it operates.
BRAND HIGHLIGHTS
Señor Frog's opens its doors daily for lunch and
dinner serving a wide variety of dishes with an
authentic Mexican flare, such as the "Chicken Taco
Salad" (mixed greens served on a hard taco shell
with grilled chicken, kidney beans, grated mozzarella and cheddar cheese mix, tomatoes, onions,
guacamole, sour cream, pico de gallo and a
creamy chipotle dressing) and the "Mixed Appetizer" (a combination of mozzarella cheese sticks,
big ass quesadilla, frog wings, loaded potato skins,
chili beans, sour cream, guacamole and red
sauce), to mention some.
Señor Frog's, recognized worldwide for its atmosphere of party and joy, is the icon brand of Grupo
Anderson's. With the attitude of "everything is
allowed", Señor Frog's is famous for its interactive
entertainment and daring contests. By motivating
its clients into having a spontaneous behavior, it
offers an atmosphere where our guests can expect
the unexpected.
Señor Frogs
BRAND PERSONALITY
Comfortable
Casual
Approachable
Use of current authenticity that avoids
preconceived notions and stereotypes
of the Mexican culture.
Tropical
Playful & Carefree
Daring
Extreme Sensory
Engaging
Unplanned
Works on two levels of humor
Family Friendly Hours
LOCATIONS
Currently, Señor Frog's operates in 15 tourist
destinations and beaches in Mexico, the United
States of America and the Caribbean:
Mazatlan - 1970
Cancun - 1989
Acapulco - 1991
Ixtapa - 1994
Playa del Carmen - 1995
Puerto Vallarta - 1999
Cozumel - 2001
Cozumel Cruise Ship Terminal - 2002
Bahamas - 2003
Puerto Rico - 2003
Myrtle Beach - 2005
Honolulu - 2007
Aruba - 2008
Cabo San Lucas Cruise Ship Terminal - 2009
Costa Maya - 2010
St. Thomas - 2011
Señor Frogs
PARKING
Towne Park
Towne Park Is Driven to Serve You
Thousands of times a day, night and day, we park people’s cars. But parking cars – or performing any of the
many other services we offer – is not what drives Towne Park. It’s the satisfaction of making an arriving hotel guest
feel welcome, a hospital patient well taken care of. It’s the reward of knowing we’ve made a positive difference
for our hotel and hospital clients, and made life easier and brighter for the people they serve.
We are driven to serve not just a hotel’s guests or a hospital’s patients. We are also driven to serve the hotels and
hospitals themselves, by delivering parking and hospitality staffing solutions that drive up both customer
satisfaction and property revenue.
Serving you is our passion. How can we help?
Towne Park Credo
We will be the world leader in valet parking and parking management services by deploying talent and
operational expertise in hospitality, health care and other specialized markets.
* The Very Best People are the Foundation.
Winners seek growth and opportunities - not just a job. We maximize potential by fostering a diverse and
inclusive workplace.
* Customers are Our Most Important Asset.
We anticipate the needs of our customers and exceed their expectations. We turn customers into promoters by
consistently delivering value.
* Profitability Secures Our Future.
We will always pursue the best opportunities for our company to profit and grow. Company profitability rewards
shareholders, associates, and our communities.
* Integrity is Not Negotiable.
We operate with integrity and the highest standards of ethics in all we do. We treat all people with fairness,
dignity and respect.
* Good Enough Never Is.
We embrace positive change and thrive on continuous improvement. We are innovators with expertise valued
by our customers and recognized by competitors.
Towne Park
The Company We Keep
From coast-to-coast, Towne Park serves over 300 properties from boutique
hotels to big box resorts and from downtown hospital campuses to community
medical centers. Our dynamic and diverse client base includes select service
hotels, full-service hotels and resorts, residences, hospitals, medical centers,
restaurants, multi-use complexes, and more. We specialize in an array of
services to meet their needs.
Our hotels and resorts are representative of major hotel brands, regarded management companies, and large and
independent owners. Our hospital and medical center clients include regional and national health care systems. Below
highlights some of the hotel companies and health care systems we serve nationally.
Representative
Hospitality Clients
* Davidson Hotel Company
* DiamondRock Hospitality
* Four Seasons Hotels & Resorts
* Gaylord Hotels & Resorts
* Hilton Worldwide
* Host Hotels
* Hyatt Corporation
* Felcor Lodging Trust
* InterState Hotels & Resorts
* Loews Hotels & Resorts
* Marriott International
* Mandarin Oriental Hotel Group
* Omni Hotels
* The Ritz-Carlton Hotel Company
* Starwood Hotels & Resorts
* Sunstone Hotel Investors
* Thayer Lodging Group
* White Lodging Services Corporation
EB-5
Description and Benefits / Investment Outlook
Investment Visa - EB-5 Visa
Direct Individual EB-5
EB-5 Visas allow foreign entrepreneurs and their dependents to live in the
United States in order to manage large-scale investments. To qualify for an
EB-5 Visa, the entrepreneur must invest $500,000 in a designated regional
center or $1 million anywhere in the United States. Regardless of the size
investment, it must create full-time employment for at least 10 U.S. workers.
The most important aspect of immigration services rendered in connection
with a direct, individual EB-5 case is to obtain detailed facts and analyze the
facts in relation to the existing EB-5 law, so that you can properly advise the
U.S business and/or alien EB-5 investor so that they can properly structure
the investment in compliance with the EB-5 law.
There are a multitude of advantages to obtainment of an EB-5 Visa relative to
other potential green card options. Notably, obtainment of an EB-5 Visa does
not require a labor certification process in order to attempt to demonstrate a
shortage of U.S. workers to perform the potential job. Moreover, the EB-5
Visa does not require the applicant to maintain an existing home country
business. The EB-5 Visa further does not require extraordinary ability in
business.
"Direct EB-5" or "Individual EB-5" case is a direct investment-based EB-5
case by an individual, requiring either $1,000,000 USD or $500,000 USD,
depending on whether applicable geographic area is a Targeted Employment
Area. Regional Center-based EB-5 case differs from "Direct, Individual EB-5"
case in very important aspects:
EB-5 Visas are initially granted to investors, their spouses, and their
dependents on a two year conditional basis. An investor applying for an EB-5
Visa must begin by selecting a regional program and satisfying the fees and
investment requirements. These procedures vary among programs, as do the
mechanisms for recovering an investment if the application is denied.
With the appropriate regional program selected and payments satisfied, the
next step is the submission of a Form I-526 to the appropriate regional center
of U.S. Citizen and Immigration Services, which usually takes between nine
(9) to fifteen (15) months to be granted approval. After winning this approval,
the foreign investor must meet with a representative of the U.S. government at
the embassy in the investor's home country for reviews of the applicant's
medical, criminal, and immigration history.
Once the initial EB-5 Visa is granted on a two-year conditional basis, the
immigrant investor must enter the United States within 180 days of issuance.
After new immigrant entrepreneurs begin managing their investments from
within the United States, investors petition permanent resident status.
Petitions submitted to the U.S. federal government will need to include
extensive evidence that the immigrant investor is complying with the terms of
the EB-5 Visa.
The petition must demonstrate:
• A new commercial enterprise has been established
• The proper amount of capital has been placed at risk
• The capital invested was lawfully gained
• The investment has created at least ten full-time jobs
• the investor intends to stay in the United States, and
• The investor will be engaged in the management of the enterprise.
1. RC based project involves a multiple number of investors, often exceeding
100 or 200 investors. Investors in a particular project can be either U.S.
citizens, green card holders, corporations or foreign alien investors (who are
seeking green cards). In other words, foreign investors whore primary (or
secondary) goal is to obtain green cards through their investments in the
subject project can invest along with corporations (profit or non-profit) other
than individuals who are not seeking green cards.
2. In Regional Centers, indirect and induced jobs are also given credit, in
addition to direct jobs. This is the crucial reason why most investors prefer
Regional Centers over Direct EB-5 route.
There may be certain limited situation where the EB-5 investor may prefer
Direct EB-5, such as where the primary objective of investor is to attempt to
establish a successful business in the United States and they possess
experience and financial ability, as well as the willingness to invest time and
effort, to achieve this objective.
EB-5
Description and Benefits / Investment Outlook
Choose a Regional Center
Work with an Immigration Lawyer on your I-526 Application
Submit your Personal Information & Source of Funds documents
Send the Investment & Administrative Fee ($550,000)
Send $500,000 to the Escrow Agent and $50,000 Administration Fee to Florida Overseas
Lawyer sends your I-526 Application to USCIS
2-4 Months
Receive Conditional Green Card Approval
Escrow Agent releases funds to fund project costs
If you are currently living in the United States, petition an adjustment to your immigration status;
If you are living abroad, an interview with the consular is required
21 Months
Removal of Conditions (Submit I-829)
Regional Center must prove job creation on investors’ behalf
2-4 Months
Permanent Green Card is Issued
Investor may apply for United States Citizenship after five (5) years after the date of adjustment of residency status
EB-5
Description and Benefits / Investment Outlook
BENEFITS OF BECOMING A US RESIDENT
• Ability to leave/enter the U.S. at will without the risk of being denied
entry by an Immigration Official at port of entry.
• No need to fill the I-94 form and no need to worry about expiration of
authorized stay. Green Card status is valid for lifetime, even though the
proof of green card (plastic card) itself is valid for 10 years and must be
renewed.
• Right to apply for government-sponsored financial aid for education.
• Green Card holders pay less tuition for university and college,
referred to as “in-state” tuition or “resident” tuition. Savings are
considerable and in most cases, they are 3 to 4 times lower than what
foreigners pay.
• Permission to work at any company located in U.S. territory regardless of job function, hours/week, etc. except for some companies that
only hire U.S. citizens. No need for employer sponsorship.
• Some jobs require security clearance that only green card holders and
U.S. citizens can get. Therefore, a green card provides more job
opportunities.
• Permission to start own business and create own corporation.
• Eligibility to apply for U.S. citizenship after 5 years.
• It may be easier to get a mortgage for home purchases. Many banks
require green card or other long term visa before granting a mortgage.
Some banks may charge higher rates for non-green card holders.
• Some states require that you have a green card before granting you
professional licenses, such as real estate agent, insurance agent, etc…
• Many insurance companies require that the person have green card
before giving health or life insurance.
• Green card holders can make political campaign contributions in
connection with state and federal elections. Other foreign nationals can’t.
• You can legally own property, cars, firearms and other items that any
other average American does.
• The investment amount is only $500,000 (as opposed to Traditional
EB5 investment amount of $1,000,000).
• You can work and live anywhere in the United States since this is a
passive investment.
• Green card holders get Social Security benefits when they retire, if
they worked for 10 years before retiring.
• No prior business experience is needed. You don’t have to know
anything about the particular industry that the Regional Center is
invested in.
• Green card holders can sponsor spouse and unmarried minor
children under 21 to obtain permanent status.
• You are not responsible for the 10 jobs for US workers (as you are
with Traditional EB5 Green Cards).
• If you obtained green card for your family, they will retain it even if
you pass away or lose your job.
• No yearly cap issue to deal with, which can cause delays (like H1B
visas).
• Immunity against future changes in immigration rules that could hurt
your temporary permit.
• You don’t need a sponsor or petitioning company to apply for you. As
the investor into the Regional Center, you invest the funds and are the
investor/applicant for the Green Card application.
• Access to security clearances, eligibility for government grants and
exemption from export restrictions.
• Most legal rights under U.S. law, except for the right to vote which is
available only to U.S. citizens.
EB-5
Description and Benefits / Investment Outlook
Property
subordinated debt or preferred equity instrument that represents a
claim on a company’s net assets. If the company fails to make the
Development of commercial property at 550 Seabreeze Blvd, Ft.
Lauderdale FL, 33136 (USA). Property fronts the Atlantic Ocean and is required payments, the mezzanine lender can foreclose on the stock of
the company usually quicker than the time it often takes to foreclose a
in close proximity to Las Olas Blvd.
property mortgage in many states.
Project
Phase I- 136-room hotel with integral 291-vehicle parking garage, 2
restaurants, VIP lounge, and salon
Phase II- proposed 61 hotel rooms with restaurant space
Timing
Developer
Escrow Accounts
Las Olas Group II, GP
Owner - 550 Seabreeze Boulevard, LLC
Legal Description
Parcel “A,” Zuro’s Plat, according to the plat thereof, as recorded in
Plat Book 117, Page 22 of the Public Records of Broward County,
Florida. Said lands lying in the City of Fort Lauderdale, Broward
County, Florida, containing 0.79 Acre, 34,299 Square Feet, more or
less.
Franchise Intercontinental
Hotels Group - Indigo
Entitlements
24 Months = Pre-Construction (4-6 Months) + Construction (18-20
Months)
Contribution of $500,000 and Legal & Administrative Costs will be
placed into an escrow account to be administered by an escrow agent
selected by the Regional Center and agreed upon by the Developer.
Upon the approval of the I-526 by the USCIS, the $500,000 in funds
will be disbursed to the Developer.
During the pre-construction phase the escrow accounts will be held in
interest-bearing accounts. Once the I-526 Application is approved by
simple interest, and the escrow agent will permit monies to be used to
USCIS the contributions will begin accruing interest at 1.3% annual
fund the monthly construction draws.
Investor Cost
The hotel and integral parking structure is fully permitted with the City
of Ft. Lauderdale. All necessary entitlements from the various
agencies have been obtained and approved. Construction can
commence immediately.
Legal & Administrative Costs of $50,000 will be paid to the Regional
Center, of which a $25,000 non-refundable fee will be paid to process
the I-526 application. In the event that the I-526 is denied due to the
proposed investment in the Project not being approved by USCIS,
then 100% of the fee will be refunded.
Proceeds Up to- $40.0 Million
Amenities
Term 5 Years
- with a one-year option
Interest
EB-5 participants will have a right to stay at the hotel, subject to
availability, at a 50% Discount (Off-Season) and 20.0% Discount
(In-Season) for the room, parking & meals.
Once the funds are disbursed, interest will accrue at 1.3% annual
simple interest, to be paid in full upon the issuance of the Certificate
of Occupancy (CO) which permits operations to commence at the
Project. After CO interest will accrue at 1.3% annual simple interest,
which will be paid from available operating cash flows.
Loan Prepayment
Collateral
Loan Repayment
Mezzanine Loan:
A First Mortgage is a real estate loan having a priority over all other
liens or encumbrances on the property. Mezzanine loans secure the
equity in a property by granting a lien on the stock (or) ownership of
the company (as opposed to the real estate). It is essentially a
The Las Olas Group II, LP has the right to prepay the Mezzanine Loan
in whole or in part (without any penalty) after each investor has
obtained removal of the conditions upon the approval of the I-829
Application.
Upon the later of,
a) Approval of the I-829
b) Once the loan matures in Year 6.