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PRIVATE EQUITY
INVESTMENTS
TEN KNOTS DEVELOPMENT
CORPORATION (ELNIDO RESORTS)
The company
Ten Knots Development
Corporation (TKDC) currently manages two resorts, Miniloc Islands Resort and
Lagen Island Resort, collectively known as The El Nido Resorts. TKDC
leases the resort lands and pays 5% of revenues as rental fees. El
Nido offers astounding views of limestone cliffs, hidden lagoons and white
sand secluded beaches. It is one of the most important biodiversity
sites in the country. In the thick forests of El Nido, more than 103
species of birds and 12 species of mammals are identified, three of which are
endemic to the locality. Also a turtle sanctuary, El Nido is home to
three species of endangered sea turtles. Around the bay, sightings of
dolphins, whales, whale sharks and manta rays have also been recorded.
El Nido has more than 20 dive sites, all easily accessible from the resorts. www.elnidoresorts.com
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 The
investment
On March 25, 2001, Asian
Conservation Corporation, through NCP, acquired secondary shares amounting to approximately
51% of the company.
The future
Ecotourism has been gaining a lot of
popularity and with TKDC's almost 20 years of colorful experience in the
business, it is confident that it can "ride with the tide".
With its large land bank, TKDC is planning to build an additional 4-star
resort of at least 36 rooms most probably in the island of Pangalusian.
It plans to renovate and upgrade Miniloc to a 4-star resort. Moreover,
the owner of a group of renowned resorts has expressed interest to develop a
destination spa concept for the hot spring property of TKDC in mainland El
Nido, about 5 kms. from the proposed new airport.
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