Hotel Sebatikel — Founding Noteholder

Hotel Sebatikel

FOUNDING
NOTEHOLDER

Please join us for the next chapter

UNSECURED LOAN NOTE OFFER

LOT 510 KERRY GRAHAM ROAD EXMOUTH · PALYADI MANU

Executive Summary

A low-impact luxury resort,
deliberately rare.

Hotel Sebatikel is a nine-suite resort on the edge of the UNESCO-listed Ningaloo Coast, designed for restraint, regeneration and reverence for place.

Backed by an experienced management and construction team, Sebatikel combines design-led hospitality with a credible, de-risked commercial pathway.

  • Offer$1.5M unsecured 5-year loan note raise
  • Allocation15 notes only — $100K each
  • Return8% p.a. cash or $10K resort credit / note / year
  • Equity first-in$850K founder equity + $250K RED + $25K UTAP
  • Senior debt$13M facility with major Australian bank
  • ExitRefinance post-stabilisation (24 months)
Pool, Club & Deluxe Suites

The Place

On the edge of
Ningaloo.

A five-hectare Crown lease site on the edge of the proposed Exmouth Gulf Marine Park — directly adjacent Murdoch Park Golf Course and within proximity to the Ningaloo Coast (Nyinggulu) World Heritage Area.

The project integrates regenerative landscape, thermally efficient building design and socially inclusive programming — a benchmark model for responsible tourism in Western Australia.

5ha
Crown lease site
21-YEAR TENURE · FREEHOLD PATHWAY OPEN
Lobby Lounge & Troba

The Resort

Low-impact luxury,
purposefully intimate.

With just nine high-end suites for up to 24 in-house guests — and 120 day guests at a time — Hotel Sebatikel is designed for a scale of experience usually reserved for far larger properties.

9
Luxury suites
24
In-house guests
120
Day guests
SUITES
Deluxe Suites
With daybed terrace
Club Suites
Kitchen, living & bunk beds
Pool Suite
Kitchen & living with plunge pool

Facilities

Eight signature experiences.

01

Troba

By night the signature dining room; by day the Club Lounge for Noteholders and members.

02

DBL TRPL®

A masterfully contoured single green with nine bespoke tee boxes. Noteholders, members and in-house guests only.

03

Court Club

Pickleball court and pool club by reservation only — priority access for Noteholders.

04

The Walter

A private and intimate speakeasy.

05

Wellness Pavilion

Infrared sauna, mineral plunges, reformer Pilates and fitness centre — adults only, 90-minute private access.

06

SPA at Sebatikel

A five-hour signature ritual. Two guests per day, once per day.

07

Pool + Outdoor Bar

Resort mineral pool and adjacent outdoor bar pavilion.

08

Kitchen Garden

Biodynamic and regenerative — aligned with the Indigenous seasonal calendar.

Troba Outdoor Bar Pavilion

Why this place

“We stumbled into this,
and yet it felt entirely
meant to be.”

When we first discovered the site — a five-hectare stretch of untouched Crown land on the edge of Exmouth Gulf — we both felt it immediately. This was it.

What we didn’t know then was just how deeply we were already connected to it. The site sits alongside Murdoch Park Golf Course — named after Colonel J.K. Murdoch, one of the first two Civil Commissioners of Exmouth. And Colonel Murdoch, as fate would have it, was the late father of Phil’s Aunty Margaret.

Wellness Pavilion & SPA at Sebatikel

The Founders

Operational discipline.
Creative excellence.

Phil Smith
Co-Founder

21 years a career Senior Firefighter with DFES, and a trainer and assessor for on-site emergency services at major Pilbara and Goldfields mining operations.

Drafted in the 1996 AFL National Draft to Hawthorn, 1999 WAFL premiership player with West Perth, multiple Ironman World Championship qualifier.

Co-founded a luxury outdoor shower business with Mon — over AUD $1M in global sales before acquisition.

Mon Palmer
Co-Founder

Since 2014, has led and collaborated on a diverse portfolio of residential, multi-dwelling and mixed-use developments with an estimated aggregate value exceeding $100M.

Urban Developer Award 2023 — Development of the Year (Small-Scale Residential) for Asana by Omira, Byron Bay.

Self-published Slightly Garden Obsessed III — 1,500 copies sold globally. 56,300+ Instagram following @mon_palmer.

Market & Feasibility

Addressing a documented
and growing shortfall.

Independent research commissioned by Tourism WA (ACIL Allen, September 2024) confirms Exmouth is at near-100% peak occupancy with a worsening accommodation shortfall.

426
Room shortfall by 2035
Base case
2,059
Room shortfall by 2035
High-yield scenario
25+
Years since Exmouth saw
significant new accommodation
38%
Of the Exmouth economy
reliant on visitor spend

“High-end accommodation is currently lacking in Exmouth” — ACIL Allen, 2024

Regional Momentum

Exmouth, at a pivot point.

Significant public and private investment is converging on Exmouth — positioning the region as a premier sustainable tourism destination and strategic hub.

$662.2M
RAAF Base Learmonth
Redevelopment
$116M
Tantabiddi Boat Ramp
Upgrade
$27.85M
Mantarays Ningaloo Beach
Acquired by Belingbak
Gascoyne Gateway
Deep-water port
Superlot D / Sundrift
Land release
IGA & Cellarbrations Exmouth
Acquired by Grant Trading
Court Club

The Offer

Structure at a glance.

$100K
Min. investment
8% p.a.
Fixed cash return
5-Year Term
Principal returned
15
Loan Notes only

Sophisticated Investors — Section 708(8)(c) Qualified Accountants Certificate. Governed by Unsecured Loan Note Deed Poll (Pinsent Masons).

Annual Return — Elected Each Year

Two ways to be paid.

Option A

8% Cash Interest

Predictable, structured annual income. Year 1 interest is capitalised; Years 2–5 paid in cash.

  • 8% simple interest, fixed p.a.
  • Interest accrued daily from Year 2
  • VIP priority booking, no blackout dates
  • Principal returned in full at maturity
Option B

$10K Resort Credits

Year 1 interest is capitalised; Years 2–5 Credits option. Redeemable across resort experiences.

  • Spa, Suites, F&B, Court Club, DBL TRPL™
  • Fully transferable to clients, staff or family
  • VIP priority booking, no blackout dates
  • Principal returned in full at maturity
Pool, Club & Deluxe Suites

Founding Noteholder Benefits

An inner circle of fifteen.

When every person in the room holds exactly what you hold, the conversation changes. You’re not sitting across from a fund manager — you’re alongside other sophisticated investors and operators who chose the same thing, at the same moment, for the same reasons.

01

Welcome Dinner at Wildflower

An intimate evening at COMO The Treasury that marks the beginning of something genuinely rare.

02

Menu Tasting Dinners

Two evenings — one in Perth during construction, one at Troba before the doors open.

03

VIP First-Access Reservations

First access across every period that matters. No blackout dates, no exceptions.

04

Exclusive Noteholder Room Rates

Rates locked for the full five-year term. Two-night minimum, no fixed check-in or check-out.

Path to Shovel Ready

Four years of de-risking,
funded by the founders.

Dec 2021
Site discovery
Unallocated Crown land, zoned Future Tourism.
Nov 2024
Crown lease granted
21-year tenure commenced 1 Nov 2024.
Oct 2025
Scheme Amendment
Tourism rezoning gazetted (Amendment No. 11).
Mar 2026
DAP approval
Tourism development approved by DAP.
Jul 2026
Civil works begin
Construction commences following building licence.
Nov 2026
Rammed earth build
Mobilisation of rammed earth team.
Hot + Cold Mineral Plunges with Infrared Sauna

Founder De-risk

Noteholders enter
already de-risked.

$1.08M+
personally funded pre-construction investment by the founders
$728KCompleted professional & capital costs
$351KCurrent DAP-condition consultants + building licence
4 yrsDWER water allocation engagement — saline resource licence advancing
What’s been secured
  • 21-year Crown land lease (commenced 1 Nov 2024)
  • Scheme Amendment No. 11 gazetted (24 Oct 2025)
  • DAP approval — DAP/25/03024 (5 March 2026), valid to March 2030
  • EPA — assessment not required
  • Complete concept & DA design documentation
  • UTAP grant — Tourism WA ($25K of $100K available)
  • Letters of support — Tourism WA, Minister’s office, Powerhouse Renewables
  • Delivery team assembled — design, planning, consultants, preferred builder
  • Eight advanced-size date palms procured
  • Operational storage unit acquired in Exmouth

ESG & Sustainability

Beyond carbon neutral.

100%
Off-grid solar PV + battery
No gas. Passive solar design throughout.
80-90%
Waste diverted from landfill
Exceeds WA 2030 regional target of ≥60%.
500kL
Rainwater harvesting
Plus reverse osmosis & greywater reuse.
0
Upward light emission
Dark-sky compliant per AS4282 & Wildlife Guidelines.

Regenerative landscape · Biodynamic kitchen garden · Cultural & conservation partnerships · Zero single-use plastic

Lobby Lounge

Capital Structure & Use of Funds

$15M to deliver.

Funding Sources
Senior Debt (major AU bank)$13M
Loan Notes (this raise)$1.5M
Co-Founder Equity + in-kind$1.08M
RED Grant (in progress)$250K
UTAP Grant (Tourism WA)$25K
Use of Loan Note Proceeds
  • Mobilisation of civil works
  • Resort infrastructure — WTP, WWTP, solar PV
  • Construction, including pools
  • Furniture, Fixtures & Equipment (FF&E)
  • Working capital for operations
Total development cost — $15.0M · Construction 2026-2027 · Soft opening late 2027

Risk & Mitigation

Built for downside.

Construction escalation

$1M contingency buffer; QS oversight maintained throughout the build.

Tenure

21-year Crown lease with independent legal opinion on assignability; conditional freehold pathway in active discussion with DPLH.

Market demand

Stress-tested at −15% occupancy still achieves DSCR > 2x.

Operational

Experienced management team; Tourism WA endorsement; UTAP grant awarded.

Remote location & climate

Local rammed earth from on-site quarry; bunker-like resilience; cyclone-aware programming.

Guest acquisition

Brand-build underway — 56,300+ followers @mon_palmer, 4,700 @hotelsebatikel.

Outdoor Terrace

Exit & Repayment

A disciplined, low-leverage
credit story.

$13M
Construction facility
2026–2028
$1.5M
Loan notes
Matures 2031
78%
Stabilised occupancy
By Year 2
>2x
DSCR under stress case
−15% occupancy

Exit. Refinance to a long-term investment facility post-stabilisation — typically 24 months after opening. The construction facility is fully retired at refinance; loan note principal plus applicable accrued interest is repaid at maturity.

A low-leverage, high-cash-flow hospitality credit with strong downside protection.

Upcoming — Founding Noteholder Event

Meet & Greet

Join us at Besk Cellar

Besk Cellar · 264 Railway Pde · West Leederville
1730 · 30 April 2026

Canapés and refreshments to be served. Please advise of dietary requirements and accompanying guest names.

RSVP27 April 2026
Hotel Sebatikel

Thank you.

Lot 510 Kerry Graham Road, Exmouth WA 6707
PHIL  +61 410 442 376  ·  MON  +61 410 149 691
Get in touch
mon@sebatikel.com