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Sunland Acquires Fla., Mich. RV Resorts

October 17, 2014 by · 1 Comment 

Screen Shot 2014-10-17 at 8.54.08 AMReza Paydar, president/CEO of Sunland RV Resorts, announced that Sunland acquired Naples Motorcoach Resort in Naples, Fla., and Bay Harbor Motorcoach Resort in Petoskey, Mich., (now known as Petoskey RV Resort). These acquisitions bring the total number of RV properties in the Sunland portfolio to 10.

Sunland RV Resorts bills itself as a nationally recognized leader in luxury resort property management. For more than 30 years, Sunland has embraced a philosophy of five-star service. In fact, the five-star hotels in the company’s portfolio were the inspiration for the level of service applied to Sunland’s RV resort properties nationwide. The attention to customer service and meticulously maintained properties remain the hallmark of the Sunland brand and will extend to the new acquisitions, according to the announcement.

Naples Motorcoach Resort

Naples Motorcoach Resort

According to the company, Naples Motorcoach Resort and Petoskey RV Resort are perfect additions to the Sunland family of properties. Both are in high-end resort destinations, both are masterfully planned and both offer rental and ownership opportunities. Lot ownership opportunities are only available for a limited time, as remaining available lots are projected to sell out quickly.

Naples Motorcoach Resort is housed on 15 acres in Southwest Florida and features:

  • 184 Class A motorcoach sites.
  • Grand clubhouse with ballroom, billiard room, game room, home theater.
  • Large infinity pool, spa and sun deck area.
  • Two additional free-form pools and additional outdoor spas.
  • Outdoor tennis court.
  • Boat ramp with dock and canal access to the Gulf of Mexico.
  • 32 dry boat storage sites.
  • Dog park.
  • Updated high-speed Wi-Fi.

 

Petoskey RV Resort

Petoskey RV Resort

Petoskey RV Resort is housed on 33 acres in Northern Michigan and features:

  • 78 spacious Class A water- and equestrian-view lots.
  • Grand clubhouse with billiard room, game room, home theater.
  • Fitness center with saunas.
  • Tennis courts.
  • Nine-hole putting green.
  • Pet-friendly walking paths.
  • Updated high-speed Wi-Fi.

Sunland has a strong record of successful master-planned resort communities across the country. According to Sunland, a key reason for their success is simple: Sunland continues to manage each property after development is complete and the property is sold out. This long-term commitment and significant capital investment to every project ensures the original integrity and quality of the project continues – to the satisfaction of owners and staff alike.

Interest Builds in Signature’s Naples Resort

February 7, 2011 by · Comments Off on Interest Builds in Signature’s Naples Resort 

The toughest decision Larry and Kathy Patterson face this month is whether to buy a Class A motorcoach site at Signature Resorts’ new Naples Motorcoach Resort now or wait until Feb. 26, when as many as 95 sites at the luxury motorcoach resort will be sold at auction, according to a news release.

“At this moment, I don’t know what we’re going to do,” said Larry Patterson, a snowbird who runs a private equity firm with his wife, Kathy.

Both in their early 50s, the couple has been full-time RVing for the past four years in their 42-foot Country Coach motorhome, spending their summers at Signature Resorts Bay Harbor, Mich. and their winters at the company’s luxurious Naples Motorcoach Resort.

“We have just fallen in love with this facility,” Patterson said of Naples Motorcoach Resort. “We love the fitness center and the swimming pool. They have Zumba classes and yoga classes. Every morning at 7 we play tennis. It’s a great environment for fitness. And we love the social schedule they have. They have activities by the pool and entertainers that come in regularly each week. And they have a social every week so everybody gets to meet everybody.”

The resort, located on Henderson Creek with direct access to the Gulf of Mexico, has creekfront lots and boat docks for snowbirds who enjoy fishing. Other amenities include a lake with a white sandy beach and three pools with spas. Concierge towel and food services are provided at both the beach and the swimming pools. Other amenities include an on-site theater and game room.

In short, Naples Motorcoach Resort offers everything an active snowbird could desire – and more. And Signatures’ managing partner La Jolla, Calif.-based Paydar Properties Inc., is selling the lots from $89,900 to $245,000, which is roughly half of what these lots were selling for two years ago.

“I could not replace these lots for what I am selling them for at the auction,” said Reza Paydar, Paydar Properties Inc. president and CEO.

Paydar Properties acquired Signature Resorts’ properties in Naples and Bay Harbor, Mich. two years ago at auction from Monaco Coach Corp. At the time of acquisition, construction of these resorts had not been completed and the new owners invested millions of dollars of their own capital to complete the development of the resorts.

“We bought these resorts with cash and improved them with cash without having to rely on outside financing,” said Paydar. “And because we were able to purchase the resorts at attractive prices, we can afford to sell the lots at Naples Motorcoach Resort at bargain prices,” he said.

Paydar Properties has identified a qualified lender who is willing to finance RV sites for buyers who can produce a down payment of 35% to 40%. The company is also offering pre-auction sales incentives for buyers that close prior to the auction date of Feb. 26.

Those incentives include a $10,000 coach home exterior as well as another $10,000 in incentives for landscaping, pavers and the interior of the coach home. The buyers will also receive $500 towards closing costs if they purchase sites or pre register with the required deposit before the auction.

“We’re not sure if it’s better to buy now and take advantage of the incentives, or wait for the auction,” Patterson said. “There’s a lot of interest in this park because of its location.”

In fact, because of very difficult and extremely challenging entitlement barriers, zoning restrictions, and the high costs of entitlements, Paydar said developers could never afford to build another resort like Naples Motorcoach Resort in the Naples area. “There will not be another resort like this in Naples,” he said.

For more information about Naples Motorcoach Resort, visit its website at www.signaturervresorts.com or contact Reza Paydar at (858) 456-9201. For information about sales, contact Joe Fabbrini of Eastview Realty at (239) 989-2899 or e-mail him at jfabbrini@eastviewra.com. For questions concerning the Feb. 26 auction, please contact Francis D. Santos at Fisher Auction Co. in Pompano Beach, Fla. at (954) 942-0917, Ext. 16, or e-mail him at francis@fisherauction.com.

To see photos and video of Naples Motorcoach Resort, please click on the following links:

http://www.flickr.com/photos/signatureresorts/sets/72157624593186543

http://signaturervresorts.com/naples-video

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