EMAIL DETAILS

Anjan-

Can't remember when you were supposed to see Peter Wallace but below are
some bullets on the project status. Hope it isn't too much. Let us know
if you need more or less or want us to edit this further.

Best,

Eric

Eric D. Schwerin
eschwerin@rosemontseneca.com

Sent from my iPhone


- SEA is looking to build a mega park in China - preferably the two
largest markets in China - Shanghai (Yangtze River Delta Cluster) or
Beijing (Jing Jin Ji Cluster)
- Beijing poses hurdles from the Beijing provincial government and
National government, and the climate is not suitable for operating an
outdoor park year round.
- The Shanghai area is better suited because of climate


- Harves Investment Group (HIG), based in Washington, DC, approached BX
and SEA about a potential joint venture in China
- The parent company for HIG is Harves Century Group, a top tier Chinese
private real estate development firm.
- Harves Century has…
- strong relations with the chinese government at every level -
national, provincial, and local (particularly the local Shanghai area
governments)
- strong relationships with the major financial institutions, and
fully capable of providing all of the capital for a project of this size
and scope.
- For this project, Harves Century Group has secured exclusive rights
with the local Chinese government of Haiyan and the Zhejiang Provincial
government to develop approximately 2000 acres of land at Nanbei Lake on
Hangzhou Bay, which is right outside Shanghai.
- The location of the site is:
- The best option available with access to the Shanghai market
that can accommodate the requirements of a project of this
size and scope
- Strategically located at the hub of the city circle of Shanghai
(24.5M people)- Suzhou (10M people) - Hangzhou (9M people) -
Ningbo (9M
people), which makes up the heart of the Yangtze River Delta
Cluster - home
of over 330 people. Nanbei lake is within an hour of each of
those major
cities.
- In reference to the new Disney Park opening in Shanghai in
this same region, according to Disney *“330 million people with
enough disposable income to visit the park…live less than
3 hrs from the
parks gates."*
- Access to the middle stop (Jiaxing South Station) on the
Shanghai-Hangzhou bullet train. It takes you 20-25 mins on
the train to get
to either Shanghai or Hangzhou.
- Access to 5 International Airports (within an hour of each
airport)
- Within an hour drive of downtown Shanghai, and the new Disney
Shanghai Park
- Six Flags is building a park about 20 minutes from Nanbei Lake
also in Haiyan.
- Natural Beauty of Nanbei Lake
- Nanbei Lake is surrounded by mountains on one side and Hangzhou
bay on the other side, with the proposed site located between
the scenic
Nanbei Lake and Hangzhou Bay
- currently 2 million chinese tourists visit the scenic area of
Nanbei Lake every year
- the site is surrounded by protected wetlands, home to rare
species of exotic birds, which will be made into an
ecological national
park.
- Goal:
- To build a mega theme park made up of SeaWorld Parks &
Entertainment’s SeaWorld, Discovery Cove, Aquatica, and BuschGardens
- To develop hotels, resorts, and retail sites on the property
- Current Progress:
- SEA Director of International Development, Doug Stagner, had a very
productive and successful visit to the proposed site at Nanbei along with
HIG and Harves Century Group representatives on October 31 of this year
- Currently discussions are taking place for a return visit by an
official SeaWorld Delegation in January with the leadership of Harves
Century Group to visit the site with the expectation of working towards a
LOI
- Next steps:
- Official visit of SEA to China
- Sign LO