International investments

Residential Liner Four Seasons

OPERATORS:Four Seasons Hotels and Resorts (non-marine)
Ocean Development Group (marine services)
BUILDERS:Aker Yards
DEVELOPERS:BV International Ocean Holdings, Ltd.
LEAD ARCHITECT:Tillberg Design U.S.
SALES & MARKETING AGENT:BVI Ocean Group, Ltd.
UNITS:112 whole ownership residences
UNIT SIZE RANGE:797 sq. ft. (74.1 sq. m.) to 7,860 sq. ft. (730.2 sq. m.)
UNIT PRICING:Prices range from €2,885,000 ($3,750,000)
to €30,000,000 ($39,000,000)
STAFF:220 crew onboard
ENVIRONMENTAL CONSIDERATIONS:Green-ship design with smokeless engines
TONNAGE:48,600 tons
LENGTH:719 feet (219 meters)
BREADTH:95.1 feet (29 meters)
LIVING SPACE:206,136 sq. ft. (19,150 sq.m.)
PUBLIC SPACE:70,000 sq. ft. (6,503 sq. m.)
ELEVATORS:5 elevators
NUMBER OF DECKS:13 decks
DRAFT:20.7 feet (6.3 meters)
SPEED:18.5 knots service speed
STABILIZERS:2 fin stabilizers
LIFEBOAT TENDERS:4 x 150-person catamaran tenders
LEISURE TENDERS:2 luxury tenders, 4 exploration tenders
ESTIMATED CONSTRUCTION TIME:30 months
ESTIMATED DELIVERY TIME:Year 2010

FEATURES

Itineraries

Itineraries to exotic ports will be managed by Four Seasons Hotels and Resorts. Residents will enjoy unhurried, on-shore excursions and personal services coordinated by an onboard concierge. The ship will circumnavigate the globe, spending more than 250 days a year in unique ports from Antarctica to the Amazon, as well as major ports of call. Stops are scheduled during such major world events as Rio's Carnival, The America's Cup, The British Open Championship and the London Olympics.

Residences

There are 112 impeccably appointed residences, with 7 standard floor plans and 3 penthouse plans from which to choose. Residences range in size from 74 square meters (797 sq. ft.) to 730 square meters (7,860 sq. ft.), all with a host of features. Residents can choose from three different design styles: Marine Yacht, Contemporary and Traditional, each offering color and fabric selections for personalization.

The Four Seasons standard of luxury continues with separate service entrances, top-of-the-line appliances, walk-in closets, cutting-edge technology and expansive terraces.

Terraces

All residences enjoy expansive terraces, accessible directly from the bedroom and the living room areas. Terraces are designed to accommodate alfresco dining and chaise lounges. Some terraces have their own therapeutic pool.

Guest/Burier Suites

Eighteen guest suites and eleven butler suites will be available for purchase/rental for the exclusive use of residence owners and their guests.

Ship Services

The world-renowned Four Seasons concierge service is readily available 24 hours a day to accommodate needs ranging from concert tickets to helicopter tours to lee times. In addition, the Four Seasons will provide onboard medical services (at its staffed and equipped medical center), travel planning, housekeeping, laundry and dry cleaning.

Owner Perks

US $12,000 credit per residence per year for food, beverage and spa services onboard the Four Seasons Ocean Residences.

AMENITIES

The Grand Lobby features a grand piano and a dramatic waterfall.

The Observation Lounge hosts panoramic views of the ocean and pool area.

Various restaurants and bars are located throughout the ship. Signature Dining Experiences Indoor/Outdoor Restaurant Gourmet Market

  • Wine Cellar
  • Demonstration Kitchen
  • Coffee Shop
  • Lobby Bar

. Pool Bar and Grill In-Residence Dining

Unique boutiques are frequently updated with the latest fashions

  • Premier Jewelers
  • Exclusive Fashions
  • Sundries Shop

Stay active with a variety of indoor and outdoor options. Fitness and Aerobics Center Walking and Jogging Track

  • Golf Simulator
  • Driving Range
  • Putting Greens
  • Water Sports

Relax as you would at any Four Seasons at the full-service spa.

  • Beauty Salon
  • Massage
  • Aromatherapy
  • Therapeutic Pool
  • Relaxation Room
  • Steam Room and Sauna

Enjoy a pool deck with poolside cabanas, waterfalls, resort-style pool, wading pool and poolside service and dining.

The Four Seasons is equipped with a state-of-the-art business center with video conferencing capabilities, audiovisual equipment, computer lounge, high-speed Internet, meeting suites and secretarial services.

The Gaming Room with card and roulette tables, the Theater, as well as the Young Adult Center and Kids For All Seasons program, are sure to keep everyone entertained.

And an array of additional ways to spend time.

  • Arts and Crafts
  • Library
  • Concerts and Lectures Exclusive Excursions
  • Newspapers and Magazines
  • Meditation Garden
  • Enrichment Programs

FREQUENTLY ASKED QUESTIONS

Who Is Behind Four Seasons Ocean Residences?

The Four Seasons, which will be built by Aker Yards, is being developed by BV International Ocean Holdings, Ltd., a joint venture between Bayview Financial ® and Ocean Development Group. Four Seasons Hotels and Resorts will be responsible for the management of the residential portion of the vessel, including all guest services and amenities.

Who Is Bayview Financial Lp?

Headquartered in Miami , Bayview Financial IP, is a privately held, full-service real estate investment and mortgage finance company. As an investment firm dedicated to using its own capital to make long-term investments for its portfolios, Bayview has a disciplined approach to underwriting, quality control and loss mitigation. Bayview has repeatedly demonstrated the value of these characteristics by differentiating itself in a crowded marketplace and generating tangible benefits for its clients. The clearest evidence of Bayview's success is its track record. Since 1998, Bayview companies have issued more than $23 billion in asset-backed securities, consisting of loans acquired from third parties and loans originated in-house, h 2006, the firm delivered acquisition and origination volume of approximately $4.8 billion. Today Bayview has more than $10 billion in assets, making it one of the largest financial institutions in the state of Florida . Currently the real estate division has over $1.5 billion in active developments.

Who Is Ocean Development?

Ocean Development's partners form a team of marine industry veterans with more than 100 collective years of experience in cruise ship construction, operation, and innovation. Ocean Development's partners have played instrumental roles in several cruise ship companies, including: Royal Caribbean Cruise Line, Norwegian Cruise Line, Disney Cruise Line, Royal Viking Line, Premier Cruises, Kloster Cruises, Royal Cruise Line, American Classic Voyages, Fred Olsen Lines, Sea Goddess Cruises, Aloha Pacific Cruises, Renaissance Cruises and The World of ResidenSea.

Who Is Aker Yards?

Aker Yards is a publicly traded Norwegian shipbuilding company which owns 17 shipyards in Norway , Finland , Germany , Romania , Brazil , France and Ukraine . Aker is the largest shipbuilding company in Europe and the fifth largest in the world. Aker has built many luxurious cruise ships of which the most recent is Freedom of the Seas for Royal Caribbean International.

Who Is Four Seasons Hotels And Resorts?

Four Seasons is dedicated to perfecting the travel experience through continuous innovation and the highest standards of hospitality. From elegant surroundings of the finest quality, to caring, highly personalized, 24-hour service, Four Seasons embodies a true home away from home for those who know and appreciate the best. The deeply instilled Four Seasons culture is personified in its employees — people who share a single focus and are inspired to offer great service.

Founded in 1960, Four Seasons has followed a targeted course of expansion, opening hotels in major city centres and desirable resort destinations around the world. Currently with 74 hotels in 31 countries, and more than 25 properties under development, Four Seasons will continue to lead the hospitality industry with innovative enhancements, making business travel easier and leisure travel more rewarding.

Who Are The Architects?

Tillberg Design U.S. , having designed some of the world's most highly acclaimed luxury ships and high-end residences, is working together with BV International Ocean Holdings, Ltd., to produce a ship like none the world has ever seen, Four Seasons.

What Is The Relationship To Four Seasons Hotels And Resorts?

Four Seasons Hotels and Resorts, with more than 45 years of experience in the luxury hotel industry and more awards and accolades than any other luxury hotel company, will manage and operate the residential portion of the Four Seasons as well as provide pre-opening advisory, design and development services specifically associated with the interior design and aesthetic layout of the ship rather than the maritime aspects of the vessel.

Has Aker Yards Started Construction On The Four Seasons?

BV International Ocean Holdings, Ltd., has a signed ship construction contract with Aker Yards to build the Four Seasons. Construction is anticipated to begin in 2008 (once we have achieved our pre-sales target) for a scheduled delivery in 2010.

What Is The Maximum Capacity Of The Four Seasons?

At maximum capacity, the Four Seasons can carry approximately 550 passengers and 240 crew, although typical occupancy is expected to be 120-250 residents with a crew complement of 220.

Does The Four Seasons Have A Hotel Component?

No. The Four Seasons is a whole ownership, fully private residential ship managed by Four Seasons Hotel and Resorts and Ocean Development.

How Is The Four Seasons Different From Any Other Residential Ship?

The Four Seasons, besides being backed by a defined construction contract and managed by a world-class hotel operator, is a mid-sized residential vessel with ice and green-ship classifications making her capable of entering smaller ports, more exotic destinations, arctic waters, and environmentally sensitive areas. Another unique feature to the Four Seasons is that all living spaces and bedrooms in the residences have floor to ceiling circular windows and doors to a terrace, with no interior bedrooms. Additionally, the common areas have been designed with an intimate residential feel, never before available on a ship of this size and stature.

What Type Of Propulsion Does The Four Seasons Use?

Unlike other residential ships, the Four Seasons has been designed to cleanly and efficiently burn heavy fuel oil, which is approximately half the cost of marine diesel.

Does The Four Seasons Offer Financing?

While the Four Seasons does not offer financing, buyers are encouraged to seek financing from their primary banking relationship in order to obtain the best Financing terms to fit their specific needs.

Do I Own My Unit Onboard The Four Seasons?

Ownership onboard the Four Seasons is via a 50-year leasehold. The Resident's Association (RA) will have the right to renew the leasehold at the end of the 50-year term. Furthermore, the leasehold is transferable and can be resold.

Why Is The Leasehold For A 50-Year Term?

Although the ship's serviceable life can exceed 50 years, it cannot be guaranteed that the ship will be able to meet all regulatory standards beyond a 50-year term without substantial retrofitting of equipment. As the ship's public and private spaces are on a program of continuous repair, maintenance and upgrades, it is expected that they will be in good repair after 50 years.

Will There Be A Residents Association?

Once all of the residences have been sold out and the ship is delivered, the Four Seasons will be under the control of the RA. The RA will have similar rights and responsibilities of a typical land-based HOA. The RA documents will be presented to buyers along with purchase contracts.

What Do The Annual Assessments Include And How Are They Determined?

The annual assessments, based on square footage of each residence, are derived from detailed ship operating budgets modeled after the best luxury cruise lines in the industry combined with the experience gleaned from operations onboard other similar vessels. The ship is to be operated as a private club, with all revenues and expenses under the control of the RA. The operating budgets will likely increase in line with inflation, with the exception of fuel, oil, and insurance, which are determined by world markets. The annual assessments cover all ship operating costs, port charges, staff salaries, dry-docking and maintenance.

Onboard the ship you will have no additional costs for utilities, real estate taxes, property insurance, club dues, daily maid service, or repair and maintenance of supplied interior furnishings. As is typical with most private clubs, there is an onboard services (food, beverage, spa services) charge account minimum, with any overages charged to your account.

How Do The Four Seasons' Annual Assessments Compare To The Other Residential Ships?

The assessments are in line with current ship operating costs for other vessels. All costs are a direct pass-through of operating expenses, with a management fee paid to Four Seasons Hotels and Resorts and the vessel's technical/maritime manager.

Will There Be A Rental Program?

There is no rental program in place for homeowners to rent out their residences. The RA will, however, have the right to approach Four Seasons to consider the possibility of such a program once the developer has sold out its inventory.

Will The Ship Be Available To The General Public?

No, the ship is an entirely private residential community. Only members and their guests are allowed onboard.

Where Will The Four Seasons Go And How Is The Itinerary Determined?

The first two years will consist of a fixed itinerary, following the sun, sailing west to many of the world's great places and events. However, the vessel will also visit ports and regions hardly ever visited by other commercial vessels. After the initial two-year itinerary, the scheduling thereafter will be influenced by the residents' feedback including the opportunity to visit major world events as they are announced.

How Long Will The Vessel Stay In Port?

The ship's slay in port will vary from just one day up to a week or longer depending upon special events. Many of the ports of call have been selected to enable the residents to make extensive overland excursions like safaris in Africa .

What About Security?

The Four Seasons takes the safety and security of its owners very seriously. Details of the ship's itinerary will not be made available to the public. The ship, which will be equipped with the latest in identity recognition technology to monitor all persons and packages entering and leaving the ship, will also maintain a staff of highly trained security personnel. Whether residents leave their homes for a day, a week, or a month, they can simply lock their doors and go with complete peace of mind. There will be a safe in each residence in addition to safety deposit boxes in the Front Office. Professional security officers, state-of-the-art security systems, and strict visitor policies are designed to create a safe environment for the residents of the Four Seasons.

Are The Residences Furnished?

Yes, the residences are fully furnished in one of three design schemes: traditional, contemporary or maritime. Each of these will be customizable with a variety of colors and fabrics.

What Is The Pet Policy?

Owners are permitted to have pets under 15 lbs. Pets must be crated in public areas. The Four Seasons also has kennel facilities on Deck 4 and outdoor walking space on the helicopter deck. Although most nations of the world will allow pets to board and disembark the Four Seasons while in port, there are certain countries that will not allow pets to leave the ship upon entry into their national waters without subjecting them to quarantine. For this reason, owners are encouraged to either leave their pets at home during these legs of the journey, or be prepared to leave their pets onboard.

Does The Four Seasons Carry An Onboard Helicopter?

Although the Four Seasons does feature a helipad that can accommodate even the largest of civil helicopters, including the Eurocopter Dauphin and the Sikorski S-76, the Four Seasons will not maintain its own helicopter onboard due to safely concerns, port regulations, ongoing maintenance costs and availability during peak usage times. Utilizing a network of charter and fractional helicopter services around the world, the Four Seasons' concierge will be able to arrange for helicopter transport, as required, to and from the ship for personal, business and emergency reasons virtually anywhere in the world, whether the ship is at sea or in port.

What Facilities And Activities Will Be Provided For Children?

The vessel has facilities and programs dedicated for teens and children. For those times when children and teens are onboard, particularly during holidays, Four Seasons will provide special programs including Kids For All Seasons, a Four Seasons branded program for children aged 5-12 supervised by professional Youth Activities Coordinators. The programs will include fun and educational, supervised activities. Many activities will focus on the unique opportunity of seeing the world and specific destinations visited. In addition to the vessel's swimming pool, the Four Seasons will have a children's pool.

How Many Restaurants Are There Onboard The Four Seasons?

The Four Seasons has four restaurants, each with a variety of cuisine choices and regional specialties. These restaurants function just like any country club restaurant, where all meals are charged to your house account.

Where Can I Buy Groceries?

The Four Seasons has a gourmet market, wine cellar and demonstration kitchen onboard. Guests can also bring delicacies from each port of call onboard the ship.

Are There Medical Facilities Onboard The Four Seasons?

The Four Seasons, which will be staffed by a full-time doctor and nurse, is equipped with a medical facility and an operating room.

Is There A Spa Onboard?

A full-service, 11,000-square-foot spa and fitness center is located onboard the ship complete with beauty salon, treatment rooms, relaxation room, steam room and more.

How Do I Get To And From The Ship?

The onboard concierge will be able to arrange private aircraft travel to and from the ship to anywhere in the world. While in port and at anchor, residents and their guests can get to and from the ship in a variety of ways including helicopter and various types of tenders including catamaran tenders, Riva crafts and RIB.

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