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Wednesday, April 22, 2009 12:04:41 PM
Jaycee James DD Compilation
think we need to start a board just on Jaycee James, just look at how many shells he has taken over in the last few months, his father is an atty and I have tried calling him! Here is a little DD compilation I have started on him:
4/21/09 James JayCee 3/A 4/21/09 1:2 Along Mobile Technologies Inc
4/21/09 James JayCee 3/A 4/21/09 1:2 Along Mobile Technologies Inc
4/21/09 James JayCee 3/A 4/21/09 1:2 Network Holdings Int'l Inc
4/21/09 James JayCee 3/A 4/21/09 1:2 Visual Frontier/Inc
4/21/09 James JayCee 4/A 3/10/09 1:3 Accesspoint Corp/NV
4/20/09 James JayCee 3/A 4/20/09 1:2 Accesspoint Corp/NV
4/20/09 James JayCee 3/A 4/20/09 1:2 Sports Media Inc
4/20/09 James JayCee 4 4/20/09 1:3 Accesspoint Corp/NV
4/20/09 James JayCee 4/A 4/20/09 1:3 Sports Media Inc
4/20/09 James JayCee 4 4/20/09 1:3 Sports Media Inc
4/17/09 James JayCee SC 13D 4/16/09 1:5 CapitalSource Healthcare REIT
JayCee James²
4/16/09 James JayCee 3 4/16/09 1:2 Apt Satellite Holdings Ltd/ADR
4/14/09 James JayCee SC 13D/A 4/13/09 1:5 Apt Satellite Holdings Ltd
JayCee James²
4/13/09 James JayCee 3 4/10/09 1:2 American Basketball Assoc/Inc
4/10/09 James JayCee 3/A 4/10/09 1:2 CapitalSource Healthcare REIT
4/10/09 James JayCee 3 4/10/09 1:2 CapitalSource Healthcare REIT
4/10/09 James JayCee 3/A 4/10/09 1:2 Scor Holding (Switzerland) Ltd
4/10/09 James JayCee 3 4/10/09 1:2 Scor Holding (Switzerland) Ltd
4/10/09 James JayCee 3/A 4/10/09 1:2 TVSL S/A/In Liquidation
4/10/09 James JayCee 3 4/10/09 1:2 TVSL S/A/In Liquidation
4/10/09 James JayCee 4/A 4/10/09 1:3 CapitalSource Healthcare REIT
4/10/09 James JayCee 4 4/10/09 1:3 CapitalSource Healthcare REIT
4/10/09 James JayCee 4/A 4/10/09 1:3 TVSL S/A/In Liquidation
4/10/09 James JayCee 4 4/10/09 1:3 TVSL S/A/In Liquidation
4/10/09 James JayCee SC 13D/A 1:5 TVSL S/A/In Liquidation
JayCee James²
4/10/09 James JayCee SC 13D 1:5 TVSL S/A/In Liquidation
JayCee James²
4/09/09 James JayCee SC 13D/A 1:5 Apt Satellite Holdings Ltd
4/09/09 James JayCee SC 13D/A 4/08/09 1:5 Apt Satellite Holdings Ltd
4/08/09 James JayCee 3/A 4/08/09 1:2 Hydroflo Inc
4/08/09 James JayCee 4 3/12/09 1:3 Hydroflo Inc
4/08/09 James JayCee SC 13D 4/07/09 1:5 Apt Satellite Holdings Ltd
JayCee James²
4/07/09 James JayCee SC 13D 1:5 General Acceptance Corp/IN
JayCee James²
4/07/09 James JayCee SC 13D 1:5 Solar Satellite Communication Inc
JayCee James²
4/06/09 James JayCee SC 13D 4/03/09 1:5 Cornet Stores
JayCee James²
4/06/09 James JayCee SC 13D 1:5 Cornet Stores
JayCee James²
4/06/09 James JayCee SC 13D 4/03/09 1:5 Voip Talk Inc
Jaycee James²
4/03/09 James JayCee 3/A 4/03/09 1:2 General Acceptance Corp/IN
4/03/09 James JayCee 4/A 3/09/09 1:3 General Acceptance Corp/IN
4/03/09 James JayCee 4 3/09/09 1:3 General Acceptance Corp/IN
3/30/09 James JayCee 4/A 3/30/09 1:2 Apt Satellite Holdings Ltd
3/30/09 James JayCee 4/A 3/06/09 1:3 Solar Satellite Communication Inc
3/27/09 James JayCee 4 3/27/09 1:3 Solar Satellite Communication Inc
3/27/09 James JayCee 4 3/27/09 1:2 Williams & Associates
3/26/09 James JayCee 3/A 3/26/09 1:2 Apt Satellite Holdings Ltd
3/26/09 James JayCee 4/A 3/26/08 1:3 Cornet Stores
3/26/09 James JayCee 4 3/26/09 1:3 Cornet Stores
3/26/09 James JayCee 4/A 3/26/09 1:2 Voip Talk Inc
3/26/09 James JayCee 4 3/26/09 1:2 Voip Talk Inc
3/24/09 James JayCee 3 3/24/09 1:2 Apt Satellite Holdings Ltd
3/24/09 James JayCee 3/A 3/24/09 1:2 Voip Talk Inc
3/24/09 James JayCee 3 3/24/09 1:2 Voip Talk Inc
3/24/09 James JayCee 4 3/24/09 1:3 Asia Electronics Holding Co Inc
3/24/09 James JayCee 4/A 3/24/09 1:2 iBroadband/Inc
3/23/09 James JayCee 3/A 3/23/09 1:2 iBroadband/Inc
3/23/09 James JayCee 3/A 3/23/09 1:2 Solar Satellite Communication Inc
3/23/09 James JayCee 4 3/23/09 1:2 iBroadband/Inc
3/16/09 James JayCee 3/A 3/06/09 1:2 Solar Satellite Communication Inc
3/12/09 James JayCee 3 3/12/09 1:2 Asia Electronics Holding Co Inc
3/12/09 James JayCee 3 3/12/09 1:2 Hydroflo Inc
3/12/09 James JayCee 3 3/12/09 1:2 Solar Night Industries/Inc
3/11/09 James JayCee 3/A 3/11/09 1:2 Admiralty Holding Co
3/11/09 James JayCee 3 3/11/09 1:2 Asia Broadband Inc
3/11/09 James JayCee 3 3/11/09 1:2 Channel America TV Network Inc
3/11/09 James JayCee 3 3/11/09 1:2 Cinemastar Luxury Theaters Inc
3/11/09 James JayCee 3 3/11/09 1:2 Global Technologies Ltd
3/11/09 James JayCee 3 3/11/09 1:2 TNX Television Holdings Inc
3/10/09 James JayCee 3 3/10/09 1:2 Accesspoint Corp/NV
3/10/09 James JayCee 3 3/10/09 1:2 Admiralty Holding Co
3/10/09 James JayCee 3 3/10/09 1:2 Along Mobile Technologies Inc
3/10/09 James JayCee 3 3/10/09 1:2 American Basketball Assoc/Inc
3/10/09 James JayCee 3 3/10/09 1:2 Network Holdings Int'l Inc
3/10/09 James JayCee 3 3/10/09 1:2 Visual Frontier/Inc
3/09/09 James JayCee 3 3/09/09 1:2 Capital Media Group Ltd
3/09/09 James JayCee 3 3/09/09 1:2 Cornet Stores
3/09/09 James JayCee 3 3/09/09 1:2 General Acceptance Corp/IN
3/09/09 James JayCee 3 3/09/09 1:2 iBroadband/Inc
3/06/09 James JayCee 3 3/06/09 1:2 Earthfirst Technologies Inc
3/06/09 James JayCee 3 3/06/09 1:2 Fashion House Holdings Inc
3/06/09 James JayCee 3 3/06/09 1:2 Solar Satellite Communication Inc
3/06/09 James JayCee 3 3/06/09 1:2 Sports Media Inc
Jaycee James has his foundational knowledge in the Securities business, as a prior Series 7 & 63 Stockbroker...
http://pipl.com/directory/people/Jaycee/James
JayCee James, V.P. Investor Relations
Twilight Healthcare, Inc.
Contact Mr. JayCee James at:
1-619-519-6044
DigiCirc
The world's first digital music rights investment market, DigiCirc, launched its services on June 2, 2003. It allows the owners of Intellectual Property rights to raise capital by auctioning a percentage of their rights from CDs, distribution and merchandising deals, earnings from tours etc. It also gives others who want to be in the music industry a quick entry in to the business. DigiCirc was founded by JayCee James, CEO of Serenity Entertainment, Inc., who is currently writing a book which will function as a Music Release Financing Kit. DigiCirc is designed for the benefit of new artists without large back catalogues, and small investors who might only contribute $50 or $100.
Name: JayCee James
Title: Mortgage Broker
Email: Email This contact
Address:
Other Contact Information
Address: 7940 Silverton Avenue. Suite 101 San Diego California 92126 United States
Phone: Main: 1-858-536-5100 Fax: 1-858-536-5111
MISSION STATEMENT
The mission of Serenity Hotels & Resorts LLC is to acquire hotel properties throughout southern California marina and business districts.
1.0 INTRODUCTION
Serenity Hotels & Resorts LLC, (The “Company”) is a California Hotel Investment Limited Liability Company focused on growing its portfolio of hotel properties, and commercial mortgages collateralized by hotel and resort properties. Serenity Hotels & Resorts LLC is formed around three profit centers in the hotel space:
1) Acquiring luxury hotel properties
The Company focuses its acquisitions in the hotel space, and specifically targets the leisure hotel market. The Company makes acquisitions of properties
from one to three star ratings. Hotel properties are located along California’s waterfront of spectacular bay and ocean views. The Company
focuses on high tourist destination spots, and the major convention center markets of San Diego, Santa Monica, and San Francisco.
2) Purchasing hotels and commercial mortgages collateralized by hotel and resort properties in the secondary trading market at a discount.
Acquiring luxury hotel mortgages in the secondary market allows the acquisition of stable commercial mortgage earnings (Revenue) and conservative capital appreciation backed by the security of real estate property. Purchasing commercial mortgages allows the Company to own a large pool of mortgages without having to operate the actual properties.
3) Converting luxury hotel properties into Condominiums.
Converting hotel properties into Condominiums dramatically impacts our return of equity. A 100 room hotel purchased for $2 million dollars converted into condominiums creates a mortgage pool of 100 individual separate mortgages, allowing the Partnership to place the financing and greatly capitalize on those efforts.
1.1 HOTELS & RESORTS
Hotel industry overview
California is the nation’s most populous state, representing 12.2% of the U.S. population. In comparison, the state comprises 10.9% of the nations rooms supply. According to the
American Hotel & Lodging Association, in 2003 the lodging industry grossed $12.8 billion in pretax profit. The average room rate was $82.52 in 2003. Figures for 2004 will be available
mid-2005.
Hotel Rental Demand
According to Smith Travel Research, the state has a total of 437,181 hotel rooms in 4,583 hotels, yielding an average 95 rooms per hotel, somewhat below the national average of 101 rooms per hotel. Historically, numerous researchers have found that hotel demand moves surprisingly closely with aggregate GNP (Coopers and Lybrand, 1995; Wheaton and Rossoff, 1997). Hotel supply, on the other hand, appears to have a longer-run building cycle that is mostly disconnected from the shorter-run changes in economic activity. In this regard, the hotel market resembles that of office space. One reason for the disconnection between demand and supply is that room rental rates do not adjust to the short-term fluctuations in
occupancy that accompany the economy. A complete explanation of why rental rates are so “sticky” requires a closer look into the complicated pricing structures found in modern lodging. The lodging industry today is in the midst of another building boom, much like the one that occurred in the early 1970's and mid 1980's. The boom is about three years old, and has seen rapid construction of lower-priced lodging primarily in suburban areas. More expensive hotels in major downtown locations are just beginning to appear. Average industry-wide occupancy is near a record high and room rates continue to move upward past their previous peaks.
At the current growth rate, hotel demand, or rooms sold, should grow at between 2.5-3.0 percent. The key to what will happen to market fundamentals therefore lies more with the length and magnitude of the current building boom. Will it continue unabated until the market is seriously saturated? Or, will it cool down soon enough to spare the national lodging industry from another severe setback. Given the shortage of hotel space in major downtown markets, our forecast shows room rental rates continuing to rise over the next 18 months at a rate faster than inflation. One reason for this is that recent supply is not yet focused on the areas of high demand. Historically, room rental rates take some time in reacting to changes in occupancy. In terms of supply, the current market has enormous momentum. In every major urban market, virtually all mixed-use projects involve some planned hotel space. The continued rise of rental rates will only encourage new urban hotel development. Completions should continue at the current pace for at least another two years. After the year 2001, the market began to soften noticeably. While occupancy dropped only a few percentage points, average room rental rates declined almost 10 percent when adjusted for inflation. In constant dollars, this takes them back to the same level they were in 1985 and 1991. Increasing room revenue, and new deliveries of hotel space may rise sharply, so that by 2008, completions will be about one-half of what they are this year.
1.2 Comparison of Hotel Financing Approaches
Issue
Public/Private Partnership
Public Financing
Ownership
A privately owned single purpose entity, typically a limited liability corporation ("LLC") holds title to the hotel. This owner is responsible for engaging the developer and operator.
A publicly controlled entity, that may be an agency of the sponsoring municipality or a not-for-profit corporation, holds title to the hotel. Through the ownership entity, the sponsoring municipality is responsible for engaging the hotel developer and operator. Various forms of non-profit ownership are possible under IRS rules, including a "63-20 corporation" under Section 115 of the IRS code or a 501(c)(3) under IRS Ruling 57-128.
Operations
A hotel management company is engaged to operate the hotel. It may be managed by a major hotel brand company (e.g. Marriott, Hilton, Hyatt or Starwood) or by a third party operator with a franchise agreement to brand the property. Compensation is typically based on a percentage of gross revenue, net operating
income or both.
A hotel management company is engaged to operate the hotel under a Qualified Management Agreement ("QMA") that conforms to Internal Revenue Service regulations. The maximum length of a QMA is 15 years, which is shorter than the term of operating agreements for privately owned hotels. Compensation to the operator must be on a fixed fee basis rather than as a percentage of revenue or net operating income. Most publicly financed hotel deals have been managed by a major hotel brand company. Franchise agreements are less common because hotel brands are reluctant to agree to fixed franchise fees as is required in a QMA.
Financing
Privately owned hotels are financed with a mix of debt and equity. In the current markets, lenders will only provide debt for 60% to 80% of the project cost, and equity investors must provide the balance of funding. Typically the developer obtains a variable rate construction loan which is later taken out with a permanent financing at the time hotel operations stabilize. Equity investment is obtained by selling ownership interests in the LLC, and the development group may have a controlling interest in the LLC. In public/private partnerships a governmental entity may also provide an equity contribution to the project with little or no expectation of getting a cash return on that equity investment.
Publicly owned hotels are all debt financed through the issuance of municipal bonds. Some of the bonds may be "non-recourse." That is, the revenues of the project are the only source of payment and credit for the bondholders. To be rated as investment grade, debt service coverage on non-recourse debt must exceed 2.0 times debt service. Typically, net operating income is not sufficient to secure enough non-recourse debt to pay for the project. Consequently, the sponsoring municipality may provide credit enhancement. This usually involves some form of pledge to pay debt service in the event that hotel revenues are insufficient. The development team may be required to hold some subordinated debt, but this debt is typically less than 10% of the total financing.
Cost of Funds
Interest rate levels on permanent debt may range from 8% to 10% in the current financial markets. Private equity investors may require from 10% to 15% cash return on equity.
In today's financial markets, non-recourse debt carries interest rate
levels of 7% to 7.5%. Interest rate levels on the credit enhanced debt depends on the credit of the sponsoring municipality. A AAA-rated municipality may achieve an interest rate level of 4.5 to 5.5%.
Subordinated debt carries negotiated interest rate levels in the range of 9% to 12%. Consequently, the cost of funds for a publicly developed hotel are substantially less then from privately financed hotels.
Forms of public subsidies
Public subsidies may take the form of land contributions, infrastructure and parking development, tax abatements, tax turn backs, and cash subsidies.
As in public/private partnership deals, public subsidies may take the form of land contributions, infrastructure and parking development, tax abatements, tax turn-backs, and cash subsidies. In addition, credit enhancing debt is a form of local public subsidy. Typically one objective of a public financing is to reduce the level of public equity contribution as compared to a public/private partnership.
Claim on income and the asset.
The investors in the LLC typically claim the residual project income from operations and the sale of the asset. Municipalities mass negotiate a share of project income in exchange for providing public subsidies. Developers often negotiate a "preferred return."
The sponsoring municipality owns the residual project income from operations and the sale of the asset.
1.3 SERENITY HOTELS & RESORTS LLC:
Industry Strategy
Serenity Hotels & Resorts LLC is focused on earning healthy returns through the ownership of a wide variety of hotels (full-service, limited service)
located in major business and urban, resort and convention markets. The focus of Serenity Hotels & Resorts LLC is specifically on those markets
where the barriers to new supply are the greatest and the demand for rooms is strong and predictable as with the downtown San Diego market.
Major business and urban markets are expected to continue to be favorably impacted by continuing economic growth resulting in increases in population, employment, tourism and business profits.
Resort markets have experienced increased demand as a result of higher levels of discretionary spending devoted to travel and leisure activities by "Baby Boomers."
Convention markets have benefited from the growth in demand for rooms generated by the increase in the number of conventions and convention attendees since 1991. These trends are projected to continue.
1.4 SERENITY HOTELS & RESORTS LLC
Business and Revenues
Here is a brief overview of the ways Serenity Hotels & Resorts LLC generates its revenues
Hotel Property Acquisitions
Serenity Hotels & Resorts LLC acquires hotel properties along southern California’s waterfront and within Business Districts. The typical Serenity Hotels & Resorts LLC property ranges from a full-service 350 -1500 rooms, to a limited-service 22 room property. Through our innovative
High Occupancy Program, our management team restructures the room rental mix of acquired hotel properties from 100% daily rentals to 70% daily room rentals (flexible) and 30% weekly room rentals, to stabilize and increase overall occupancy rates and achieve a consistent ADR (Average Daily Rates).
Commercial Mortgage Acquisitions
Purchasing hotel mortgages in the secondary trading market at a discount allows Serenity Hotels & Resorts LLC to own the commercial mortgages loans of luxury hotels and resorts collateralized by hotel and resort properties, without having to operate the actual properties. Acquiring luxury hotel mortgages in the secondary market allows the acquisition of stable commercial mortgages earnings and conservative capital appreciation backed by the security of real estate property.
Luxury Hotel / Condominium Conversions
Converting luxury hotel properties into Condominiums has the most dramatic impact on our return on equity. A 100 room hotel purchased for $2,000,000 dollars converted into condominiums creates a pool of 100 individual mortgages, allowing Serenity Hotels & Resorts LLC to provide in-house financing. It involves selling the hotel rooms and suites to individual purchasers, who usually are families interested in a vacation rental, investment property or Time Share. Hotel / Condominium conversions additionally provide affordable property for individuals and families priced out of the current residential real estate market. The owner of a conversion has complete discretion over the time they occupy their Condo, and receive income from having it rented out to others during periods when they are not using it.
Hotel Condominium features include:
*Rooms are privately owned, and may be rented out to vacationers when the owner is not in residence
*Providing owners with the opportunity to acquire rental income plus own a vacation condo
*A concierge on-duty during the day and evening
*Maid service is offered weekly
*Hotel facilities, such as pools, fitness centers, tennis courts, continue to be operated by the hotel and available for the guests
*On site restaurants and lounges are leased to private operators
Serenity Hotels & Resorts LLC acquisition team ensures all luxury hotels acquired are located in a tourist destination area, with the potential to be successfully developed into condominiums. The hotel operating costs must have the capacity to be significantly reduced, while still ensuring that the guest amenities and facilities will operate at a quality level.
All hotel condos are elegantly furnished and offer luxurious amenities.
Sample Hotel / Condo Conversion Layout & Pricing Model
Single Room Condos: (Illustration 1.0)
• Fully furnished, including two double beds
• Bathroom with full bath and shower
• Microwave and small fridge or Kitchenette
SINGLE UNITS
PARKING LOT
10 UNITS
$45,900
COURT YARD
10 UNITS
$49,900
4TH. FLOOR
10 UNITS
$55,900
POOL VIEW
10 UNITS
$59,900
POOL SIDE
10 UNITS
$65,900
The Hotel Conversion in this combined 100 Room Illustration yields $2,775,000 from the single units, not including interest.
Two Room Condos: (Illustration 2.0)
• Fully furnished, including two double beds and a sleeper sofa
• Separate bedroom and living room
• Kitchen area with microwave, small fridge and kitchen cupboards or Kitchenette
• Two bathrooms with full baths and showers
DOUBLE SUITES
PARKING LOT
10 UNITS
$85,900
COURT YARD
10 UNITS
$89,900
4TH. FLOOR
10 UNITS
$95,900
POOL VIEW
10 UNITS
$99,900
POOL SIDE
10 UNITS
$112,900
The remaining 50 double suite rooms in this illustration yields $4,845,000 not including interest.
The total $7,620,000 represents an approximated 152% ROI from the 100 room hotel condominium conversion, a significant increase above the arbitrary purchase price of $2,000,000 –
$3,000,000 dollars.
Serenity Hotels & Resorts LLC will provide easy in-house financing to buyers: (The following rates are for illustration purposes only. No rate has been quoted)
0 % Down – Interest Rate 9% @ 30 Years
10 % Down – Interest Rate 8% @ 20 Years
20 % Down – Interest Rate 7.5% @ 15 Years
50 % Down – Interest Rate 7% @ 10 Years
Condominium Time Shares (Non-Primary)
Serenity Hotels & Resorts LLC provides management services to absentee owners of Hotel / Condominium conversions. The management services manages the rental of an owners condo, and receives management Fees. Hotels conversions can generate highly lucrative returns of 25% to 30% versus conventional hotels, which yield 10% to 12%. Generally, hotels conversions cost about 25% more to build than conventional hotels: The studios and one- and two-bedroom units developers frequently build are larger than a hotel
room, though smaller than a conventional condo.
Developers create more polished common areas, because the rooms are generally in hotels that are increasingly being managed by the luxury flags of well-known brands such as Hilton Hotels Corp and Starwood Hotels & Resorts Worldwide. The services and amenities allow hotel conversion developers to price units at a premium on a per square foot basis compared with conventional condos.
The condo sales pay off any construction loan and leaves the developer with ownership of the hotel's commercial areas, such as restaurants and health clubs to create additional profit centers. The hotel conversion model also helps secure permanent financing for developers who intend to own and operate conventional hotel rooms alongside the converted hotel units.
That's because the developer still derives rental revenue from the condo hotel units, which adds an additional income stream to the conventional hotel.
How hot is the hotel conversion trade? Through mid-May of this year, condo converters paid $1.6 billion, or $155,400 a unit, according to New York-based Real Capital Analytics. If that pace continues for the balance of the year, the dollar amount paid by converters to acquire apartments will easily surpass last year's total of nearly $2 billion, or $123,575 per unit.
A rising interest-rate environment historically has signaled the end of rampant conversion activity, and condo experts are fully aware of what's happening in the bond markets. Since bottoming out this year at 3.65% on March 17, the 10-Year Treasury yield climbed more than 100 basis points to 4.8% in mid-May, and the Federal Reserve Board continues to signal that it will raise its short-term Fed Funds Rate as the economy heats up.
1.5 LLC MANAGEMENT
The founder of Serenity Hotels & Resorts LLC is Mr. JayCee James. Mr. James will oversee the day to day operations of the LLC, and remain its Manager. The Manager may appoint officers, including, without limitation, a chairperson or a president, or both, a secretary, a chief financial officer, and any other officers with such titles, powers, and duties as determined by the managers or members.
Name Position
JayCee James Manager-Member
History Follows:
The Company was organized by Entrepreneur JayCee James. As a previous Investment representative, Mr. James started at his career at Lehman Brothers in the retail stock business in 1990 as a Stockbrokers assistant. In 1993, Mr. James obtained his Series 7 and 63 Securities License and continued working in the investment field.
The course of study as a Series 7, General Securities Registered Representative required Mr. James, to meet stringent standards and qualifications of governing bodies and the passing of required Examinations. General Securities as mandated by law encompass: Equity Securities, Debt Securities, Municipal Options, Trading Markets, Margin, New Issues, Investment Companies, Retirement Plans, Regulations, Taxes, Tax Shelters, and Investment Analysis.
The course of study for the NASD Series 63, Uniform Securities Agent required Mr. James to meet stringent standards and qualifications of governing bodies and the passing of required Examinations. Uniform State Law as mandated by law encompass: Uniform Securities Act and Federal Securities Laws, Regulatory Oversight, Penalties and General Provisions, Registration of Securities and Licensing Requirements.
During that time Mr. James acquired extended knowledge of Venture Capital, business development, and the capital formation process.
In August 1996, Mr. James founded and launched NetCash, Inc., an internet technologies corporation to process payments over the internet and compete with First Virtual and Cybercash. In 1997 Mr. James sold the company. From 1998 to 2003, Mr. James served his country as a member of the U.S. Navy. In February 2002 in his spare time Mr. James founded Serenity Entertainment, Inc., an entertainment technologies corporation. On June 2, 2003, Mr. James founded and launched the world’s first Music Investment Market. Subsequently Mr. James and his international team received international acclaim by launching the music copyright bidding system DIGICIRC(SM). DIGICIRC(SM) appeared in several notable write ups including Hollywood Reporter Magazine, USA Weekend and listed in the Economist Magazine. In 2004 Mr. James entered the mortgage industry as an Independent Consultant with Express Funding & Realty Co., of San Diego, California where he facilitates commercial and residential mortgage loans. Mr. James recently provided Investment Banking Consultation to a group of five companies; preparing them to go public. In addition, Mr. James formed Serenity Hotels & Resorts LLC in March 2005 to isolate and invest in hotel properties and mortgages. Mr. James has recently completed areas of study in Hotel/Motel Management and Hotel/Motel Front Office Procedures.
******************************************
JayCee James
Manager-Member
A venture capitalist named JayCee James has taken a position in EFTI. He's claimed 5 million shares of common and a million preferred.
Celebrity entrepreneur JayCee James is said to be looking at ways to reshape the commerical and residential mortgage industry. Mr. James came to prominence after launching DIGICIRC(SM) the world's first Music Investment Market. Since it's launch, DIGICIRC(SM) has spawned a host of new securitization technologies to finance independent music releases.
(PRWEB) April 24, 2004 --In a recent interview celebrity entrepreneur JayCee James the founder of DIGICIRC(SM); the world's first music investment market says he is looking at ways to help average investors reap profits in the commercial property market. Mr. James is said to be considering the launch of a commercial realestate partnership coupled with an idea he is working on. Mr. James says that he anticipated launching the new venture later this year.
Mr. James has taken an interest in the commercial property industry since he started as an IC at a local mortgage brokerage where he facilitates commercial and residential property loans. "As I become more and more involved in the mortgage industry I see many ways the process can be made more efficient, and allow the average investor to benefit from the upcoming wave of acquisitions in the commercial property sector. One method to accomplish individual investment in the commercial property market is derivative contracts, that are sure to hit the U.S financial markets in the next 5 to 10 years. The real estate partnership i'm considering will focus on hotel and penthouse type properties . The real estate industry is very plain, simple, and profitable. The commercial sector appealed to me due to its low risk nature".
Mr. James will not comment on the details of what he has planned but will answer any general questions about the proposed venture.
For comments:
Contact Mr. JayCee James at:
1-619-519-6044
BlaxTV is an "innercities reality-to- Celebrity Satellite TV channel". Backed by the organization J | Media group, BlaxTV hopes to define itself as the new voice of inner cities worldwide, and pick up where Black Entertainment Television left off.BlaxTV
The Company was organized by Celebrity Entrepreneur JayCee James. As a previous Investment representative, Mr. James started at his career at Lehman Brothers in the retail stock business in 1990 as a Stockbrokers assistant. In 1993, Mr. James obtained his Series 7 and 63 Securities License and continued working in the investment field.
The course of study as a Series 7, General Securities Registered Representative required Mr. James, to meet stringent standards and qualifications of governing bodies and the passing of required Examinations. General Securities as mandated by law encompass: Equity Securities, Debt Securities, Municipal Options, Trading Markets, Margin, New Issues, Investment Companies, Retirement Plans, Regulations, Taxes, Tax Shelters, and Investment Analysis.
The course of study for the NASD Series 63, Uniform Securities Agent required Mr. James to meet stringent standards and qualifications of governing bodies and the passing of required Examinations. Uniform State Law as mandated by law encompass: Uniform Securities Act and Federal Securities Laws, Regulatory Oversight, Penalties and General Provisions, Registration of Securities and Licensing Requirements.
During that time Mr. James acquired extended knowledge of Venture Capital, business development, and the capital formation process.
In August 1996, Mr. James founded and launched NetCash, Inc., an internet technologies corporation to process payments over the internet and compete with First Virtual and Cybercash. In 1997 Mr. James sold the company. From 1998 to 2003, Mr. James served his country as a member of the U.S. Navy. In February 2002 in his spare time Mr. James founded Serenity Entertainment, Inc., an entertainment technologies corporation. On June 2, 2003, Mr. James founded and launched the world's first Music Investment Market. Subsequently Mr. James and his international team received international acclaim by launching the music copyright bidding system DIGICIRC(SM). DIGICIRC(SM) appeared in several notable write ups including Hollywood Reporter Magazine / Hollywood Reporter Coverage of JayCee James, USA Weekend /USA Weekend Coverage of JayCee James and listed in the Economist Magazine / Economist Magazine Coverage of JayCee James. In 2004 Mr. James entered the mortgage industry as an Independent Consultant with Express Funding & Realty Co., of San Diego, California where he facilitates commercial and residential mortgage loans. Mr. James recently provided Investment Banking Consultation to a group of five companies; preparing them to go public. In addition, Mr. James formed Serenity Hotels & Resorts LLC in March 2005 to isolate and invest in hotel properties and mortgages. Mr. James has recently completed areas of study in Hotel/Motel Management.
think we need to start a board just on Jaycee James, just look at how many shells he has taken over in the last few months, his father is an atty and I have tried calling him! Here is a little DD compilation I have started on him:
4/21/09 James JayCee 3/A 4/21/09 1:2 Along Mobile Technologies Inc
4/21/09 James JayCee 3/A 4/21/09 1:2 Along Mobile Technologies Inc
4/21/09 James JayCee 3/A 4/21/09 1:2 Network Holdings Int'l Inc
4/21/09 James JayCee 3/A 4/21/09 1:2 Visual Frontier/Inc
4/21/09 James JayCee 4/A 3/10/09 1:3 Accesspoint Corp/NV
4/20/09 James JayCee 3/A 4/20/09 1:2 Accesspoint Corp/NV
4/20/09 James JayCee 3/A 4/20/09 1:2 Sports Media Inc
4/20/09 James JayCee 4 4/20/09 1:3 Accesspoint Corp/NV
4/20/09 James JayCee 4/A 4/20/09 1:3 Sports Media Inc
4/20/09 James JayCee 4 4/20/09 1:3 Sports Media Inc
4/17/09 James JayCee SC 13D 4/16/09 1:5 CapitalSource Healthcare REIT
JayCee James²
4/16/09 James JayCee 3 4/16/09 1:2 Apt Satellite Holdings Ltd/ADR
4/14/09 James JayCee SC 13D/A 4/13/09 1:5 Apt Satellite Holdings Ltd
JayCee James²
4/13/09 James JayCee 3 4/10/09 1:2 American Basketball Assoc/Inc
4/10/09 James JayCee 3/A 4/10/09 1:2 CapitalSource Healthcare REIT
4/10/09 James JayCee 3 4/10/09 1:2 CapitalSource Healthcare REIT
4/10/09 James JayCee 3/A 4/10/09 1:2 Scor Holding (Switzerland) Ltd
4/10/09 James JayCee 3 4/10/09 1:2 Scor Holding (Switzerland) Ltd
4/10/09 James JayCee 3/A 4/10/09 1:2 TVSL S/A/In Liquidation
4/10/09 James JayCee 3 4/10/09 1:2 TVSL S/A/In Liquidation
4/10/09 James JayCee 4/A 4/10/09 1:3 CapitalSource Healthcare REIT
4/10/09 James JayCee 4 4/10/09 1:3 CapitalSource Healthcare REIT
4/10/09 James JayCee 4/A 4/10/09 1:3 TVSL S/A/In Liquidation
4/10/09 James JayCee 4 4/10/09 1:3 TVSL S/A/In Liquidation
4/10/09 James JayCee SC 13D/A 1:5 TVSL S/A/In Liquidation
JayCee James²
4/10/09 James JayCee SC 13D 1:5 TVSL S/A/In Liquidation
JayCee James²
4/09/09 James JayCee SC 13D/A 1:5 Apt Satellite Holdings Ltd
4/09/09 James JayCee SC 13D/A 4/08/09 1:5 Apt Satellite Holdings Ltd
4/08/09 James JayCee 3/A 4/08/09 1:2 Hydroflo Inc
4/08/09 James JayCee 4 3/12/09 1:3 Hydroflo Inc
4/08/09 James JayCee SC 13D 4/07/09 1:5 Apt Satellite Holdings Ltd
JayCee James²
4/07/09 James JayCee SC 13D 1:5 General Acceptance Corp/IN
JayCee James²
4/07/09 James JayCee SC 13D 1:5 Solar Satellite Communication Inc
JayCee James²
4/06/09 James JayCee SC 13D 4/03/09 1:5 Cornet Stores
JayCee James²
4/06/09 James JayCee SC 13D 1:5 Cornet Stores
JayCee James²
4/06/09 James JayCee SC 13D 4/03/09 1:5 Voip Talk Inc
Jaycee James²
4/03/09 James JayCee 3/A 4/03/09 1:2 General Acceptance Corp/IN
4/03/09 James JayCee 4/A 3/09/09 1:3 General Acceptance Corp/IN
4/03/09 James JayCee 4 3/09/09 1:3 General Acceptance Corp/IN
3/30/09 James JayCee 4/A 3/30/09 1:2 Apt Satellite Holdings Ltd
3/30/09 James JayCee 4/A 3/06/09 1:3 Solar Satellite Communication Inc
3/27/09 James JayCee 4 3/27/09 1:3 Solar Satellite Communication Inc
3/27/09 James JayCee 4 3/27/09 1:2 Williams & Associates
3/26/09 James JayCee 3/A 3/26/09 1:2 Apt Satellite Holdings Ltd
3/26/09 James JayCee 4/A 3/26/08 1:3 Cornet Stores
3/26/09 James JayCee 4 3/26/09 1:3 Cornet Stores
3/26/09 James JayCee 4/A 3/26/09 1:2 Voip Talk Inc
3/26/09 James JayCee 4 3/26/09 1:2 Voip Talk Inc
3/24/09 James JayCee 3 3/24/09 1:2 Apt Satellite Holdings Ltd
3/24/09 James JayCee 3/A 3/24/09 1:2 Voip Talk Inc
3/24/09 James JayCee 3 3/24/09 1:2 Voip Talk Inc
3/24/09 James JayCee 4 3/24/09 1:3 Asia Electronics Holding Co Inc
3/24/09 James JayCee 4/A 3/24/09 1:2 iBroadband/Inc
3/23/09 James JayCee 3/A 3/23/09 1:2 iBroadband/Inc
3/23/09 James JayCee 3/A 3/23/09 1:2 Solar Satellite Communication Inc
3/23/09 James JayCee 4 3/23/09 1:2 iBroadband/Inc
3/16/09 James JayCee 3/A 3/06/09 1:2 Solar Satellite Communication Inc
3/12/09 James JayCee 3 3/12/09 1:2 Asia Electronics Holding Co Inc
3/12/09 James JayCee 3 3/12/09 1:2 Hydroflo Inc
3/12/09 James JayCee 3 3/12/09 1:2 Solar Night Industries/Inc
3/11/09 James JayCee 3/A 3/11/09 1:2 Admiralty Holding Co
3/11/09 James JayCee 3 3/11/09 1:2 Asia Broadband Inc
3/11/09 James JayCee 3 3/11/09 1:2 Channel America TV Network Inc
3/11/09 James JayCee 3 3/11/09 1:2 Cinemastar Luxury Theaters Inc
3/11/09 James JayCee 3 3/11/09 1:2 Global Technologies Ltd
3/11/09 James JayCee 3 3/11/09 1:2 TNX Television Holdings Inc
3/10/09 James JayCee 3 3/10/09 1:2 Accesspoint Corp/NV
3/10/09 James JayCee 3 3/10/09 1:2 Admiralty Holding Co
3/10/09 James JayCee 3 3/10/09 1:2 Along Mobile Technologies Inc
3/10/09 James JayCee 3 3/10/09 1:2 American Basketball Assoc/Inc
3/10/09 James JayCee 3 3/10/09 1:2 Network Holdings Int'l Inc
3/10/09 James JayCee 3 3/10/09 1:2 Visual Frontier/Inc
3/09/09 James JayCee 3 3/09/09 1:2 Capital Media Group Ltd
3/09/09 James JayCee 3 3/09/09 1:2 Cornet Stores
3/09/09 James JayCee 3 3/09/09 1:2 General Acceptance Corp/IN
3/09/09 James JayCee 3 3/09/09 1:2 iBroadband/Inc
3/06/09 James JayCee 3 3/06/09 1:2 Earthfirst Technologies Inc
3/06/09 James JayCee 3 3/06/09 1:2 Fashion House Holdings Inc
3/06/09 James JayCee 3 3/06/09 1:2 Solar Satellite Communication Inc
3/06/09 James JayCee 3 3/06/09 1:2 Sports Media Inc
Jaycee James has his foundational knowledge in the Securities business, as a prior Series 7 & 63 Stockbroker...
http://pipl.com/directory/people/Jaycee/James
JayCee James, V.P. Investor Relations
Twilight Healthcare, Inc.
Contact Mr. JayCee James at:
1-619-519-6044
DigiCirc
The world's first digital music rights investment market, DigiCirc, launched its services on June 2, 2003. It allows the owners of Intellectual Property rights to raise capital by auctioning a percentage of their rights from CDs, distribution and merchandising deals, earnings from tours etc. It also gives others who want to be in the music industry a quick entry in to the business. DigiCirc was founded by JayCee James, CEO of Serenity Entertainment, Inc., who is currently writing a book which will function as a Music Release Financing Kit. DigiCirc is designed for the benefit of new artists without large back catalogues, and small investors who might only contribute $50 or $100.
Name: JayCee James
Title: Mortgage Broker
Email: Email This contact
Address:
Other Contact Information
Address: 7940 Silverton Avenue. Suite 101 San Diego California 92126 United States
Phone: Main: 1-858-536-5100 Fax: 1-858-536-5111
MISSION STATEMENT
The mission of Serenity Hotels & Resorts LLC is to acquire hotel properties throughout southern California marina and business districts.
1.0 INTRODUCTION
Serenity Hotels & Resorts LLC, (The “Company”) is a California Hotel Investment Limited Liability Company focused on growing its portfolio of hotel properties, and commercial mortgages collateralized by hotel and resort properties. Serenity Hotels & Resorts LLC is formed around three profit centers in the hotel space:
1) Acquiring luxury hotel properties
The Company focuses its acquisitions in the hotel space, and specifically targets the leisure hotel market. The Company makes acquisitions of properties
from one to three star ratings. Hotel properties are located along California’s waterfront of spectacular bay and ocean views. The Company
focuses on high tourist destination spots, and the major convention center markets of San Diego, Santa Monica, and San Francisco.
2) Purchasing hotels and commercial mortgages collateralized by hotel and resort properties in the secondary trading market at a discount.
Acquiring luxury hotel mortgages in the secondary market allows the acquisition of stable commercial mortgage earnings (Revenue) and conservative capital appreciation backed by the security of real estate property. Purchasing commercial mortgages allows the Company to own a large pool of mortgages without having to operate the actual properties.
3) Converting luxury hotel properties into Condominiums.
Converting hotel properties into Condominiums dramatically impacts our return of equity. A 100 room hotel purchased for $2 million dollars converted into condominiums creates a mortgage pool of 100 individual separate mortgages, allowing the Partnership to place the financing and greatly capitalize on those efforts.
1.1 HOTELS & RESORTS
Hotel industry overview
California is the nation’s most populous state, representing 12.2% of the U.S. population. In comparison, the state comprises 10.9% of the nations rooms supply. According to the
American Hotel & Lodging Association, in 2003 the lodging industry grossed $12.8 billion in pretax profit. The average room rate was $82.52 in 2003. Figures for 2004 will be available
mid-2005.
Hotel Rental Demand
According to Smith Travel Research, the state has a total of 437,181 hotel rooms in 4,583 hotels, yielding an average 95 rooms per hotel, somewhat below the national average of 101 rooms per hotel. Historically, numerous researchers have found that hotel demand moves surprisingly closely with aggregate GNP (Coopers and Lybrand, 1995; Wheaton and Rossoff, 1997). Hotel supply, on the other hand, appears to have a longer-run building cycle that is mostly disconnected from the shorter-run changes in economic activity. In this regard, the hotel market resembles that of office space. One reason for the disconnection between demand and supply is that room rental rates do not adjust to the short-term fluctuations in
occupancy that accompany the economy. A complete explanation of why rental rates are so “sticky” requires a closer look into the complicated pricing structures found in modern lodging. The lodging industry today is in the midst of another building boom, much like the one that occurred in the early 1970's and mid 1980's. The boom is about three years old, and has seen rapid construction of lower-priced lodging primarily in suburban areas. More expensive hotels in major downtown locations are just beginning to appear. Average industry-wide occupancy is near a record high and room rates continue to move upward past their previous peaks.
At the current growth rate, hotel demand, or rooms sold, should grow at between 2.5-3.0 percent. The key to what will happen to market fundamentals therefore lies more with the length and magnitude of the current building boom. Will it continue unabated until the market is seriously saturated? Or, will it cool down soon enough to spare the national lodging industry from another severe setback. Given the shortage of hotel space in major downtown markets, our forecast shows room rental rates continuing to rise over the next 18 months at a rate faster than inflation. One reason for this is that recent supply is not yet focused on the areas of high demand. Historically, room rental rates take some time in reacting to changes in occupancy. In terms of supply, the current market has enormous momentum. In every major urban market, virtually all mixed-use projects involve some planned hotel space. The continued rise of rental rates will only encourage new urban hotel development. Completions should continue at the current pace for at least another two years. After the year 2001, the market began to soften noticeably. While occupancy dropped only a few percentage points, average room rental rates declined almost 10 percent when adjusted for inflation. In constant dollars, this takes them back to the same level they were in 1985 and 1991. Increasing room revenue, and new deliveries of hotel space may rise sharply, so that by 2008, completions will be about one-half of what they are this year.
1.2 Comparison of Hotel Financing Approaches
Issue
Public/Private Partnership
Public Financing
Ownership
A privately owned single purpose entity, typically a limited liability corporation ("LLC") holds title to the hotel. This owner is responsible for engaging the developer and operator.
A publicly controlled entity, that may be an agency of the sponsoring municipality or a not-for-profit corporation, holds title to the hotel. Through the ownership entity, the sponsoring municipality is responsible for engaging the hotel developer and operator. Various forms of non-profit ownership are possible under IRS rules, including a "63-20 corporation" under Section 115 of the IRS code or a 501(c)(3) under IRS Ruling 57-128.
Operations
A hotel management company is engaged to operate the hotel. It may be managed by a major hotel brand company (e.g. Marriott, Hilton, Hyatt or Starwood) or by a third party operator with a franchise agreement to brand the property. Compensation is typically based on a percentage of gross revenue, net operating
income or both.
A hotel management company is engaged to operate the hotel under a Qualified Management Agreement ("QMA") that conforms to Internal Revenue Service regulations. The maximum length of a QMA is 15 years, which is shorter than the term of operating agreements for privately owned hotels. Compensation to the operator must be on a fixed fee basis rather than as a percentage of revenue or net operating income. Most publicly financed hotel deals have been managed by a major hotel brand company. Franchise agreements are less common because hotel brands are reluctant to agree to fixed franchise fees as is required in a QMA.
Financing
Privately owned hotels are financed with a mix of debt and equity. In the current markets, lenders will only provide debt for 60% to 80% of the project cost, and equity investors must provide the balance of funding. Typically the developer obtains a variable rate construction loan which is later taken out with a permanent financing at the time hotel operations stabilize. Equity investment is obtained by selling ownership interests in the LLC, and the development group may have a controlling interest in the LLC. In public/private partnerships a governmental entity may also provide an equity contribution to the project with little or no expectation of getting a cash return on that equity investment.
Publicly owned hotels are all debt financed through the issuance of municipal bonds. Some of the bonds may be "non-recourse." That is, the revenues of the project are the only source of payment and credit for the bondholders. To be rated as investment grade, debt service coverage on non-recourse debt must exceed 2.0 times debt service. Typically, net operating income is not sufficient to secure enough non-recourse debt to pay for the project. Consequently, the sponsoring municipality may provide credit enhancement. This usually involves some form of pledge to pay debt service in the event that hotel revenues are insufficient. The development team may be required to hold some subordinated debt, but this debt is typically less than 10% of the total financing.
Cost of Funds
Interest rate levels on permanent debt may range from 8% to 10% in the current financial markets. Private equity investors may require from 10% to 15% cash return on equity.
In today's financial markets, non-recourse debt carries interest rate
levels of 7% to 7.5%. Interest rate levels on the credit enhanced debt depends on the credit of the sponsoring municipality. A AAA-rated municipality may achieve an interest rate level of 4.5 to 5.5%.
Subordinated debt carries negotiated interest rate levels in the range of 9% to 12%. Consequently, the cost of funds for a publicly developed hotel are substantially less then from privately financed hotels.
Forms of public subsidies
Public subsidies may take the form of land contributions, infrastructure and parking development, tax abatements, tax turn backs, and cash subsidies.
As in public/private partnership deals, public subsidies may take the form of land contributions, infrastructure and parking development, tax abatements, tax turn-backs, and cash subsidies. In addition, credit enhancing debt is a form of local public subsidy. Typically one objective of a public financing is to reduce the level of public equity contribution as compared to a public/private partnership.
Claim on income and the asset.
The investors in the LLC typically claim the residual project income from operations and the sale of the asset. Municipalities mass negotiate a share of project income in exchange for providing public subsidies. Developers often negotiate a "preferred return."
The sponsoring municipality owns the residual project income from operations and the sale of the asset.
1.3 SERENITY HOTELS & RESORTS LLC:
Industry Strategy
Serenity Hotels & Resorts LLC is focused on earning healthy returns through the ownership of a wide variety of hotels (full-service, limited service)
located in major business and urban, resort and convention markets. The focus of Serenity Hotels & Resorts LLC is specifically on those markets
where the barriers to new supply are the greatest and the demand for rooms is strong and predictable as with the downtown San Diego market.
Major business and urban markets are expected to continue to be favorably impacted by continuing economic growth resulting in increases in population, employment, tourism and business profits.
Resort markets have experienced increased demand as a result of higher levels of discretionary spending devoted to travel and leisure activities by "Baby Boomers."
Convention markets have benefited from the growth in demand for rooms generated by the increase in the number of conventions and convention attendees since 1991. These trends are projected to continue.
1.4 SERENITY HOTELS & RESORTS LLC
Business and Revenues
Here is a brief overview of the ways Serenity Hotels & Resorts LLC generates its revenues
Hotel Property Acquisitions
Serenity Hotels & Resorts LLC acquires hotel properties along southern California’s waterfront and within Business Districts. The typical Serenity Hotels & Resorts LLC property ranges from a full-service 350 -1500 rooms, to a limited-service 22 room property. Through our innovative
High Occupancy Program, our management team restructures the room rental mix of acquired hotel properties from 100% daily rentals to 70% daily room rentals (flexible) and 30% weekly room rentals, to stabilize and increase overall occupancy rates and achieve a consistent ADR (Average Daily Rates).
Commercial Mortgage Acquisitions
Purchasing hotel mortgages in the secondary trading market at a discount allows Serenity Hotels & Resorts LLC to own the commercial mortgages loans of luxury hotels and resorts collateralized by hotel and resort properties, without having to operate the actual properties. Acquiring luxury hotel mortgages in the secondary market allows the acquisition of stable commercial mortgages earnings and conservative capital appreciation backed by the security of real estate property.
Luxury Hotel / Condominium Conversions
Converting luxury hotel properties into Condominiums has the most dramatic impact on our return on equity. A 100 room hotel purchased for $2,000,000 dollars converted into condominiums creates a pool of 100 individual mortgages, allowing Serenity Hotels & Resorts LLC to provide in-house financing. It involves selling the hotel rooms and suites to individual purchasers, who usually are families interested in a vacation rental, investment property or Time Share. Hotel / Condominium conversions additionally provide affordable property for individuals and families priced out of the current residential real estate market. The owner of a conversion has complete discretion over the time they occupy their Condo, and receive income from having it rented out to others during periods when they are not using it.
Hotel Condominium features include:
*Rooms are privately owned, and may be rented out to vacationers when the owner is not in residence
*Providing owners with the opportunity to acquire rental income plus own a vacation condo
*A concierge on-duty during the day and evening
*Maid service is offered weekly
*Hotel facilities, such as pools, fitness centers, tennis courts, continue to be operated by the hotel and available for the guests
*On site restaurants and lounges are leased to private operators
Serenity Hotels & Resorts LLC acquisition team ensures all luxury hotels acquired are located in a tourist destination area, with the potential to be successfully developed into condominiums. The hotel operating costs must have the capacity to be significantly reduced, while still ensuring that the guest amenities and facilities will operate at a quality level.
All hotel condos are elegantly furnished and offer luxurious amenities.
Sample Hotel / Condo Conversion Layout & Pricing Model
Single Room Condos: (Illustration 1.0)
• Fully furnished, including two double beds
• Bathroom with full bath and shower
• Microwave and small fridge or Kitchenette
SINGLE UNITS
PARKING LOT
10 UNITS
$45,900
COURT YARD
10 UNITS
$49,900
4TH. FLOOR
10 UNITS
$55,900
POOL VIEW
10 UNITS
$59,900
POOL SIDE
10 UNITS
$65,900
The Hotel Conversion in this combined 100 Room Illustration yields $2,775,000 from the single units, not including interest.
Two Room Condos: (Illustration 2.0)
• Fully furnished, including two double beds and a sleeper sofa
• Separate bedroom and living room
• Kitchen area with microwave, small fridge and kitchen cupboards or Kitchenette
• Two bathrooms with full baths and showers
DOUBLE SUITES
PARKING LOT
10 UNITS
$85,900
COURT YARD
10 UNITS
$89,900
4TH. FLOOR
10 UNITS
$95,900
POOL VIEW
10 UNITS
$99,900
POOL SIDE
10 UNITS
$112,900
The remaining 50 double suite rooms in this illustration yields $4,845,000 not including interest.
The total $7,620,000 represents an approximated 152% ROI from the 100 room hotel condominium conversion, a significant increase above the arbitrary purchase price of $2,000,000 –
$3,000,000 dollars.
Serenity Hotels & Resorts LLC will provide easy in-house financing to buyers: (The following rates are for illustration purposes only. No rate has been quoted)
0 % Down – Interest Rate 9% @ 30 Years
10 % Down – Interest Rate 8% @ 20 Years
20 % Down – Interest Rate 7.5% @ 15 Years
50 % Down – Interest Rate 7% @ 10 Years
Condominium Time Shares (Non-Primary)
Serenity Hotels & Resorts LLC provides management services to absentee owners of Hotel / Condominium conversions. The management services manages the rental of an owners condo, and receives management Fees. Hotels conversions can generate highly lucrative returns of 25% to 30% versus conventional hotels, which yield 10% to 12%. Generally, hotels conversions cost about 25% more to build than conventional hotels: The studios and one- and two-bedroom units developers frequently build are larger than a hotel
room, though smaller than a conventional condo.
Developers create more polished common areas, because the rooms are generally in hotels that are increasingly being managed by the luxury flags of well-known brands such as Hilton Hotels Corp and Starwood Hotels & Resorts Worldwide. The services and amenities allow hotel conversion developers to price units at a premium on a per square foot basis compared with conventional condos.
The condo sales pay off any construction loan and leaves the developer with ownership of the hotel's commercial areas, such as restaurants and health clubs to create additional profit centers. The hotel conversion model also helps secure permanent financing for developers who intend to own and operate conventional hotel rooms alongside the converted hotel units.
That's because the developer still derives rental revenue from the condo hotel units, which adds an additional income stream to the conventional hotel.
How hot is the hotel conversion trade? Through mid-May of this year, condo converters paid $1.6 billion, or $155,400 a unit, according to New York-based Real Capital Analytics. If that pace continues for the balance of the year, the dollar amount paid by converters to acquire apartments will easily surpass last year's total of nearly $2 billion, or $123,575 per unit.
A rising interest-rate environment historically has signaled the end of rampant conversion activity, and condo experts are fully aware of what's happening in the bond markets. Since bottoming out this year at 3.65% on March 17, the 10-Year Treasury yield climbed more than 100 basis points to 4.8% in mid-May, and the Federal Reserve Board continues to signal that it will raise its short-term Fed Funds Rate as the economy heats up.
1.5 LLC MANAGEMENT
The founder of Serenity Hotels & Resorts LLC is Mr. JayCee James. Mr. James will oversee the day to day operations of the LLC, and remain its Manager. The Manager may appoint officers, including, without limitation, a chairperson or a president, or both, a secretary, a chief financial officer, and any other officers with such titles, powers, and duties as determined by the managers or members.
Name Position
JayCee James Manager-Member
History Follows:
The Company was organized by Entrepreneur JayCee James. As a previous Investment representative, Mr. James started at his career at Lehman Brothers in the retail stock business in 1990 as a Stockbrokers assistant. In 1993, Mr. James obtained his Series 7 and 63 Securities License and continued working in the investment field.
The course of study as a Series 7, General Securities Registered Representative required Mr. James, to meet stringent standards and qualifications of governing bodies and the passing of required Examinations. General Securities as mandated by law encompass: Equity Securities, Debt Securities, Municipal Options, Trading Markets, Margin, New Issues, Investment Companies, Retirement Plans, Regulations, Taxes, Tax Shelters, and Investment Analysis.
The course of study for the NASD Series 63, Uniform Securities Agent required Mr. James to meet stringent standards and qualifications of governing bodies and the passing of required Examinations. Uniform State Law as mandated by law encompass: Uniform Securities Act and Federal Securities Laws, Regulatory Oversight, Penalties and General Provisions, Registration of Securities and Licensing Requirements.
During that time Mr. James acquired extended knowledge of Venture Capital, business development, and the capital formation process.
In August 1996, Mr. James founded and launched NetCash, Inc., an internet technologies corporation to process payments over the internet and compete with First Virtual and Cybercash. In 1997 Mr. James sold the company. From 1998 to 2003, Mr. James served his country as a member of the U.S. Navy. In February 2002 in his spare time Mr. James founded Serenity Entertainment, Inc., an entertainment technologies corporation. On June 2, 2003, Mr. James founded and launched the world’s first Music Investment Market. Subsequently Mr. James and his international team received international acclaim by launching the music copyright bidding system DIGICIRC(SM). DIGICIRC(SM) appeared in several notable write ups including Hollywood Reporter Magazine, USA Weekend and listed in the Economist Magazine. In 2004 Mr. James entered the mortgage industry as an Independent Consultant with Express Funding & Realty Co., of San Diego, California where he facilitates commercial and residential mortgage loans. Mr. James recently provided Investment Banking Consultation to a group of five companies; preparing them to go public. In addition, Mr. James formed Serenity Hotels & Resorts LLC in March 2005 to isolate and invest in hotel properties and mortgages. Mr. James has recently completed areas of study in Hotel/Motel Management and Hotel/Motel Front Office Procedures.
******************************************
JayCee James
Manager-Member
A venture capitalist named JayCee James has taken a position in EFTI. He's claimed 5 million shares of common and a million preferred.
Celebrity entrepreneur JayCee James is said to be looking at ways to reshape the commerical and residential mortgage industry. Mr. James came to prominence after launching DIGICIRC(SM) the world's first Music Investment Market. Since it's launch, DIGICIRC(SM) has spawned a host of new securitization technologies to finance independent music releases.
(PRWEB) April 24, 2004 --In a recent interview celebrity entrepreneur JayCee James the founder of DIGICIRC(SM); the world's first music investment market says he is looking at ways to help average investors reap profits in the commercial property market. Mr. James is said to be considering the launch of a commercial realestate partnership coupled with an idea he is working on. Mr. James says that he anticipated launching the new venture later this year.
Mr. James has taken an interest in the commercial property industry since he started as an IC at a local mortgage brokerage where he facilitates commercial and residential property loans. "As I become more and more involved in the mortgage industry I see many ways the process can be made more efficient, and allow the average investor to benefit from the upcoming wave of acquisitions in the commercial property sector. One method to accomplish individual investment in the commercial property market is derivative contracts, that are sure to hit the U.S financial markets in the next 5 to 10 years. The real estate partnership i'm considering will focus on hotel and penthouse type properties . The real estate industry is very plain, simple, and profitable. The commercial sector appealed to me due to its low risk nature".
Mr. James will not comment on the details of what he has planned but will answer any general questions about the proposed venture.
For comments:
Contact Mr. JayCee James at:
1-619-519-6044
BlaxTV is an "innercities reality-to- Celebrity Satellite TV channel". Backed by the organization J | Media group, BlaxTV hopes to define itself as the new voice of inner cities worldwide, and pick up where Black Entertainment Television left off.BlaxTV
The Company was organized by Celebrity Entrepreneur JayCee James. As a previous Investment representative, Mr. James started at his career at Lehman Brothers in the retail stock business in 1990 as a Stockbrokers assistant. In 1993, Mr. James obtained his Series 7 and 63 Securities License and continued working in the investment field.
The course of study as a Series 7, General Securities Registered Representative required Mr. James, to meet stringent standards and qualifications of governing bodies and the passing of required Examinations. General Securities as mandated by law encompass: Equity Securities, Debt Securities, Municipal Options, Trading Markets, Margin, New Issues, Investment Companies, Retirement Plans, Regulations, Taxes, Tax Shelters, and Investment Analysis.
The course of study for the NASD Series 63, Uniform Securities Agent required Mr. James to meet stringent standards and qualifications of governing bodies and the passing of required Examinations. Uniform State Law as mandated by law encompass: Uniform Securities Act and Federal Securities Laws, Regulatory Oversight, Penalties and General Provisions, Registration of Securities and Licensing Requirements.
During that time Mr. James acquired extended knowledge of Venture Capital, business development, and the capital formation process.
In August 1996, Mr. James founded and launched NetCash, Inc., an internet technologies corporation to process payments over the internet and compete with First Virtual and Cybercash. In 1997 Mr. James sold the company. From 1998 to 2003, Mr. James served his country as a member of the U.S. Navy. In February 2002 in his spare time Mr. James founded Serenity Entertainment, Inc., an entertainment technologies corporation. On June 2, 2003, Mr. James founded and launched the world's first Music Investment Market. Subsequently Mr. James and his international team received international acclaim by launching the music copyright bidding system DIGICIRC(SM). DIGICIRC(SM) appeared in several notable write ups including Hollywood Reporter Magazine / Hollywood Reporter Coverage of JayCee James, USA Weekend /USA Weekend Coverage of JayCee James and listed in the Economist Magazine / Economist Magazine Coverage of JayCee James. In 2004 Mr. James entered the mortgage industry as an Independent Consultant with Express Funding & Realty Co., of San Diego, California where he facilitates commercial and residential mortgage loans. Mr. James recently provided Investment Banking Consultation to a group of five companies; preparing them to go public. In addition, Mr. James formed Serenity Hotels & Resorts LLC in March 2005 to isolate and invest in hotel properties and mortgages. Mr. James has recently completed areas of study in Hotel/Motel Management.
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