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Re: Bodacious post# 32266

Thursday, 01/11/2007 5:41:09 PM

Thursday, January 11, 2007 5:41:09 PM

Post# of 114953
Boquete Project....According to Pedro .. from an email i got after asking whats going on ...they are taking bids for a luxury hotel and planning to put in a 18 hole golf course. Now why the hell did i have to find out through emails. This is great info . Why didnt they pr this !!

LAS HUACAS DE BOQUETE will be developed in 3 stages designed to add and to preserve the natural resources and increase the popularity of the region.

Stage One will include the development of the Master Plan where the entire project will be divided into 7 areas (districts), each with its own theme and lifestyles that include shopping centers, health complexes, bilingual education centers, mountain homes and condominiums all of which must be built within the safeguards designed to preserve and protect the environment and natural flora and fauna.

Stage Two will be the creation of a Real Estate Investment Trust (REIT) offering 700 (Seven Hundred) Participating Fiduciary Units (Variable Income) at US $100,000 each, Equal to 10,000 m(2)(Ten Thousand Square Meters) per Unit. Revenues to us for this residential phase alone should approximate $70 million USD. The development of a world class hotel, golf course and condominium mountain resort.

Stage Three will be the sale of the individual units (districts) that make up Las Huacas De Boquete, Chiriqui, Republic of Panama, the jewel of Panama's Golden Triangle.
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