FIRST LOOK PROPERTY EVALUATION
Thinking Shared Ownership? Private Residence Clubs, Resort Fractions, Timeshare, or Vacation Clubs? Do you have a golf, ski, waterfront or urban resort property? In need of diversifying your resort product offering? Seeking to reach critical mass and level off year-round occupancies?
Contemplate adding a resort fractional, private residence club, condo-hotel component, multi-site club or vacation ownership product to your resort mix. FIRST LOOK’s quick-start program will help you determine your strategic development approach!
FIRST LOOK is a Site Evaluation Program for Resort Owners that highlights the development potential of your resort property.
FIRST LOOK is the most direct path to your property’s highest and best use determination.
Through the FIRST LOOK Site Evaluation and Program Review, LandMarkers Development Group provides a pre-development advisory service tailored to quickly assess the potential of your resort property as a site and a market for a fractional-interest resort ownership product offering. The evaluation is designed to assist owners, developers, lenders and potential equity or operating partners in reaching ‘Go Forward’ or ‘Stop’ decisions.
Benefits of a FIRST LOOK Inspection: The evaluation often provides an invaluable interactive session that goes far beyond the framing of a fractional-interest ownership project. The on-site session affords your resort team an opportunity to take advantage of years of hands-on resort development, financing, marketing, sales and operational experience that could benefit each of your resort’s departments through a broader overview and perhaps fresh approach.
Landmarker’s principals get to the core of your resort opportunity with a check-up of each aspect of your resort, beginning with your goals and objectives for your resort development through to each operational component.
Then we put you on the proper track with developmental approaches and strategies for the fractional ownership or other vacation products that are in sync with market readiness, your resort operation’s capability and your goals for the resort.
Conclusions and Recommendations from the FIRST LOOK Property Evaluation include:
- An opinion on the resort location for suitable resort real estate products;
- The market, trends and their implications for the resort area;
- The pros and cons of the resort site as it relates to the regional market; and,
- Development options for fractional, private residence club, condo-hotel or other alternate whole ownership, second-home or vacation ownership products suitable for the resort site.
Specific areas in FIRST LOOK that are addressed include:
- Definitions, for clarification in understanding product types
- General characteristics of a fractional product(s) suitable to your resort opportunity, including identification of ownership share sizes and how owners would access the use of their time
- Identification of developers/ operators within the marketplace as potential partners or competitors
- Purchaser profiles and general preferences in product design and program use
- A statement on project positioning within the market
- Preliminary recommendation of floor plans, square foot areas of residences and furniture, fixtures and equipment [FF&E] guidelines. Or, if already designed, a review of your proposed residence floor plans and FF&E program
- Project amenities and owner services required
- Marketing considerations, including a preliminary discussion on prospect lead generation and sales center requirements
- Comments on legal structure issues and registrations
- Pricing by share size, unit type and seasonality
- Preliminary estimate of sales pace
- A financial pro forma ‘snapshot’ preliminary that shows general revenues, related costs and profit before taxes from the sale of the ownership shares
Request more information on FIRST LOOK now.
[contact-form][contact-field label=’Name’ type=’name’ required=’1’/][contact-field label=’Email’ type=’email’ required=’1’/][contact-field label=’Website’ type=’url’/][contact-field label=’Tell us about your First Look opportunity’ type=’textarea’ required=’1’/][/contact-form]