Gorin Makes Pitch for Tennessee Resort Project
Editor's Note: Following is an e-mail sent out this week by David Gorin.
The last few years have been very exciting for David Gorin & Associates. As the recession rolled across the landscape, I’ve been fortunate to be associated with several successful ventures.
Best Parks in America Inc. has expanded to 80 highly rated RV resorts across the U.S. This marketing group has made a deep impression on RVers and outdoor enthusiasts who seek superior RV resorts and campgrounds. Our business building programs and tools for affiliated resorts are being increasingly embraced by park owners and I anticipate that the network will expand to over 100 resorts within the next 12 months. For information about Best Parks in America, please visit www.bestparks.com (the consumer website) or www.bestparks.net (the business to business website). If you've got a park that is at the highly rated level, please consider becoming affiliated with Best Parks. It is the brand for the higher end of the park industry.
Holiday Cove RV Resort in Cortez, Fla., has been wonderful project. David Gorin & Associates initially became associated with this park when the former owner engaged our services to evaluate strategies for growth and re-development. As a result of the consulting work, I was fortunate to team up with an investor partner and together we purchased the park and implemented a total redevelopment plan. The park today has 97 beautiful sites and approximately 50% of the sites have been sold. Sale prices were initially established in 2008 and the prices continue to escalate as the number of sold sites continues to grow. Rental rates are at the top end of the scale, occupancy is strong year round and the resort receives the highest ratings from all those who evaluate and review parks.
I was especially pleased that my participation in Holiday Cove gave me an opportunity to gain additional and current experience directly in the day to day development and operational challenges associated with park ownership and management.
In recent years, David Gorin & Associates as served as an expert in several cases involving RV resorts and campgrounds and we now work directly with attorneys and through TASA, the technical assistance service for attorneys. Each opportunity to work on issues that come up through these contacts, further expands my ability to serve the operational needs of park owners and managers.
There is great interest in the RV park industry on many levels. We continue to receive a steady (actually an increasing) flow of calls from developers and investors. We continue to monitor carefully trends and developments in the industry. Every effort is made to share some of these trends through a new website that was put in place several months ago. Please visit www.DavidGorinAssociates.com to stay abreast of many of the industry issues, challenges and opportunities.
Exceptionally Unique RV Resort Opportunity
If you’re reading this e-mail, I surely don’t need to take your time to rehash what has transpired in the real estate world since 2007. As a result of the devastation in values that has taken place, everyone is touting the unique, never before available investment opportunities that now exist. David Gorin & Associates receives inquiries almost daily from distressed land owners looking for RV resort operators who might be interested in joint venturing in the development of their land as another RV resort.
Here’s a brief presentation on an opportunity that I believe is truly exceptional and provides an astute investor with an opportunity to gain a foothold in what is unquestionably one of America’s top tourist and recreation destinations where land has been exceptionally expensive and heretofore unavailable and uneconomical for RV resort development. And of course to achieve higher than typical returns on a reasonable investment.
A highly qualified, experienced and financially sound investor group based in the Knoxville, Tenn., area has 84 acres about ½ mile from the center of the Sevierville/Pigeon Forge commercial tourist area that serves as both a tourist destination in its own right, as well as the gateway to the Great Smokey Mountain National Park, America’s third most visited national park. The land is approved for outdoor hospitality use – an RV resort, cabins, hotel, folk school, corn maze, river tubing/canoeing and kayaking, and a variety of other related recreational uses. There is about ¾ mile of river frontage along the Little Pigeon River. The location is within walking or golf cart distance of numerous attractions including the new Titanic Museum Attraction, Wonder Works, restaurants, including the very popular Apple Barn restaurant and country shopping complex, and is very near a new $100 million Water Magic attraction that will be constructed soon. The Tanger Outlets are just 0.7 of a mile from the location.
The Sevierville/Pigeon Forge/Gatlinburg market hosts over 12 million visitors a year and has a solid, long-term track record as a destination for families, empty nesters and generation Xers seeking active outdoor recreational experiences.
A video showing the property and some of its uses can be viewed at http://www.youtube.com/watch?v=3lSiKmbg3kl.
Financing for the project is in place. The owners are seeking a financial partner who also may be an experienced RV resort operator to join the group as the RV resort development and operational expert or to team with David Gorin and David Gorin & Associates to lead the RV resort development.
An investment of $1 million will bring a 1/3 interest in the RV resort project. Interest in other aspects of the development is available.
The outdoor hospitality and RV resort industry has weathered the recession in very strong shape. The affordability of this vacation, travel and tourism market makes it very attractive to mainstream America. And this particular location is exceptionally strong since it is located within a day’s drive of about 50% of the American population.
Please give me a call at (703) 448 6863 or drop an e-mail to email@example.com if you would like further information about this opportunity.