Press Highlights Crystal Lagoons® PAL™ Expansion in Japan10 June, 2020 / News
Miami-based Crystal Lagoons® has set Japan as its priority market in Asia, where it is to develop 30 Public AccessLagoons™, also known as PAL™, in locations such as Tokyo, Yokohama, Osaka, Kyoto, Nagoya, Kobe, Okinawa, among other cities. Several national business newspapers and online news websites have covered the multinational water innovation firm’s expansion in the country, known for being at the forefront of technology.
Currently in advanced negotiations, local Japanese investors have acknowledged that these water amenities can transform any location into a dynamic entertainment hub. With the allure of year-round beach life and activities, PAL™ are a catalyzer for a wide array of revenue streams. The low investment and maintenance cost make the business model one of unprecedented profitability.
The developments are to be carried out through a master license, exclusive license agreements for specific geographical areas and a specific volume of projects.
“Japanese investors have identified these developments as a new long-term investment alternative, with return rates of over 50%, low investment and limited risk, because these projects, which are quickly built, generate profits and produce a financial pyramid, allowing a small initial investment to create a company with a very high present value,” says Felipe Baldwin, Global Business Director at Crystal Lagoons.
Other contracts recently signed include 16 PAL across the United States together with Epic, 30 lagoons in Mexico, and 18 projects in different Central American countries, projects with a present value of US $3.8 billion.
“Japan is a market with great potential for PAL due to its climate, its population, among other factors. These projects will enhance the urban way of life of millions of Japanese people by bringing a piece of the ocean close to their homes while eliminating having to travel by car or plane to go to the beach, positively impacting the environment. It’s a very robust urban proposal, for which Crystal Lagoons is choosing the best partners around the world”, adds Baldwin.
Crystal Lagoons is an international innovation company, founded by scientist Fernando Fischmann, which has developed a patent-protected technology that allows the construction and maintenance of unlimited-size clear water lagoons at very low costs.