Grand Slam Holdings Grand Slam Holdings DBADBA

Lighthouse Inn Resort, LLCLighthouse Inn Resort, LLC

Come up to the meadow and Come up to the meadow and relax in the garden.relax in the garden.

Welcome Back!Welcome Back!

What are we here for?What are we here for?

The Goals and ObjectivesThe Goals and Objectives

• To restore the Inn to it’s original grandeur by To restore the Inn to it’s original grandeur by restoring the building, grounds, gardens, and restoring the building, grounds, gardens, and carriage house in an effort to provide luxury carriage house in an effort to provide luxury services to the public both locally and services to the public both locally and internationally. internationally.

• To employ modern sustainable ecologically To employ modern sustainable ecologically friendly practices and materials in the restoration friendly practices and materials in the restoration and continued operations of the Inn including two and continued operations of the Inn including two solar tracking systems which will provide up to solar tracking systems which will provide up to 75% power to the Resort by the sun.75% power to the Resort by the sun.

Community ImpactCommunity Impact

• Provide a gathering place for local Provide a gathering place for local families and business. families and business.

• Full community access to facilityFull community access to facility

• Planned seasonal community events Planned seasonal community events

• Training Center for local Colleges and Training Center for local Colleges and UniversitiesUniversities

• Long term jobs and resourcesLong term jobs and resources

• Infrastructure improvementInfrastructure improvement

Main ServicesMain Services

• 200 plate formal dining and event200 plate formal dining and event

• 125 seat tavern and bar125 seat tavern and bar

• Summer outdoor family refreshment Summer outdoor family refreshment servicesservices

• 45 rental rooms45 rental rooms

• Spa servicesSpa services

• Gift shopGift shop

Pricing StrategyPricing Strategy

• average casual dining plate is $16.50average casual dining plate is $16.50

• average elite dining plate is $22.50average elite dining plate is $22.50

• average room rate $150average room rate $150

• average beverage $8 ($6 draft)average beverage $8 ($6 draft)

• average spa visit $75average spa visit $75

• average event $4,000.average event $4,000.

Sustainability of the ResortSustainability of the Resort

• SolarSolar– 110 Solar panels on 2 trackers110 Solar panels on 2 trackers– EV recharging stationsEV recharging stations

• High energy efficiency HVACHigh energy efficiency HVAC• State of the art water filtration systemState of the art water filtration system• Phone InternetPhone Internet

– Digital phone system VIOPDigital phone system VIOP– Full property WiFi coverage with guest network Full property WiFi coverage with guest network

(community purchase options)(community purchase options)– FCC Approved Cellular boosterFCC Approved Cellular booster

ADA ComplianceADA Compliance

• Facility Compliant to ADA National Facility Compliant to ADA National StandardsStandards– Addition of Mobility Impaired rampAddition of Mobility Impaired ramp– Addition of Mobility Impaired bathroomsAddition of Mobility Impaired bathrooms

•A certain percentage of the rooms will also A certain percentage of the rooms will also be ADA compliantbe ADA compliant

– Pool will be equipped with an ADA Pool will be equipped with an ADA approved Lift system approved Lift system

JobsJobs

• 29 full time year round jobs29 full time year round jobs

• 20+ part time and seasonal jobs20+ part time and seasonal jobs

• Internships coordinated through local Internships coordinated through local educational facilities including local educational facilities including local tech schoolstech schools

• Management experience interns for Management experience interns for College credit College credit

TaxesTaxes

• Resolution of outstanding Water Lien of Resolution of outstanding Water Lien of $42,000$42,000

• Property Taxes - $63,000Property Taxes - $63,000– It is prudent and reasonable that the annual It is prudent and reasonable that the annual

property tax be increased upon completion of the property tax be increased upon completion of the proposed renovations, however we will be applying proposed renovations, however we will be applying for a tax abatement through state statue 12-65B for a tax abatement through state statue 12-65B allowing for a 1-year tax abatement as discussed in allowing for a 1-year tax abatement as discussed in previously increased offer. previously increased offer.

• When fully operable New London projected When fully operable New London projected annual tax revenue of $150,000+/-annual tax revenue of $150,000+/-

Beach Beach

• Guthrie Beach MembershipGuthrie Beach Membership– If possible, pending decision of beach If possible, pending decision of beach

associationassociation– If membership denied, Resort will have If membership denied, Resort will have

livery service to accessible beach livery service to accessible beach

ZoningZoning

• The Inn is located in the R-1 Zone The Inn is located in the R-1 Zone – A Single Family Low Density Residential A Single Family Low Density Residential

District.District.

• While operation of an Inn is not While operation of an Inn is not typically something that would be typically something that would be seen in an R-1 zone, the Lighthouse seen in an R-1 zone, the Lighthouse Inn is grandfathered to continue as Inn is grandfathered to continue as the Inn & Resort.the Inn & Resort.

FinancesFinances

• First inflow $3.5 Million of which $2.1+/- Million First inflow $3.5 Million of which $2.1+/- Million will be dedicated to restoring the mansion using will be dedicated to restoring the mansion using local contractors and businesses. local contractors and businesses.

• Over the duration of the next 5 years potential Over the duration of the next 5 years potential addition a $6+/- Million for continued addition a $6+/- Million for continued restoration.restoration.

• 30% Federal tax credit on all sustainable 30% Federal tax credit on all sustainable upgrades. upgrades.

• We are financed through Polaris Capital Group We are financed through Polaris Capital Group and available grants.and available grants.

ManagementManagement

• Team of identified professionals (as Team of identified professionals (as listed in original proposal) in place listed in original proposal) in place tracking with projected timeline. tracking with projected timeline.

Additional ServicesAdditional Services

• Livery service to local shopping and Livery service to local shopping and community events.community events.

• Physical Fitness CenterPhysical Fitness Center• Commissioned Artists’ GuildCommissioned Artists’ Guild• Garden Club EventsGarden Club Events• Day Care FacilitiesDay Care Facilities• Pet Friendly Pet Friendly

How soon can How soon can New London New London

expect results?expect results?

10 Months to Completion10 Months to Completion

• Step 1 Step 1 – Have restaurant and rooms ready for Have restaurant and rooms ready for

Wedding Season 2016 (or sooner, Wedding Season 2016 (or sooner, weather permitting). weather permitting).

• Step 2 Step 2 – Have rooms available in the main Have rooms available in the main

mansion within 10 months of the tavern mansion within 10 months of the tavern coming online.coming online.

ConclusionConclusion

• We are passionate about restoring We are passionate about restoring and maintaining the legacy of the and maintaining the legacy of the Lighthouse InnLighthouse Inn– Our goal is to create a community asset Our goal is to create a community asset

for this generation and the generations for this generation and the generations to come, not just a jewel in a corporate to come, not just a jewel in a corporate crown. crown.

Bring back the Legacy of Bring back the Legacy of New LondonNew London

Plant flowers not Condos!!!Plant flowers not Condos!!!

Tony Morascini Tony Morascini captallgood@yahoo.comcaptallgood@yahoo.com