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ASPIRE™
Advance
Site Potential Inspection Review & Evaluation
A Comprehensive Site Evaluation Program for Resort Owners that highlights the development potential of your resort property. ASPIRE is the most direct path to your property’s highest and best use determination.
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? Contemplating adding a resort fractional, private residence club, condo-hotel component, multi-site club or vacation ownership product to your resort mix? ASPIRE's quick-start program will help you determine your strategic development approach!
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The ASPIRE™ Program
Through the ASPIRE™ inspection and evaluation program, Star Resorts provides a pre-development advisory service tailored to quickly assess the potential of your resort property for a shared-interest resort ownership product offering.
The ASPIRE™ evaluation is designed to assist owners, developers, lenders and potential equity or operating partners in reaching 'Go forward' or 'Stop' decisions when considering the addition of shared ownership or club membership components.
Benefits of
an ASPIRE™ Inspection
The ASPIRE™ evaluation often provides an invaluable interactive session that goes far beyond the framing of a shared-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.
Star 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 appropriate product offerings that are in sync with market readiness, your resort operation's capability and your immediate and long term goals for the resort.
Work Product
Beginning with an intensive one to two-day, on-site review by an Star principal with you and your team, we evaluate your site and resort operation.
Conclusions and recommendations from the ASPIRE™ 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 ASPIRE 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 proforma 'snapshot' preliminary that shows general revenues, related costs and profit before taxes from the sale of the ownership shares;
The results are then integrated into a strategic approach for implementing the appropriate resort real estate product into your resort. The conclusions drawn in this ASPIRE™ identify the parameters of what a fractional-interest ownership housing product could do for your resort's bottom line profitability, and are meant to aid your internal planning and development strategy for your resort. It is suitable for your use to begin discussions with developers/ purchasers, lenders and potential joint venture equity and/ or operating partners.
Your ASPIRE report also serves as the foundation for the preparation of your business plan, which may be required by lenders prior to their committing to the financing for the fractional housing component of your resort development.
The results of the ASPIRE program are presented in an outlined report, generally comprised of 25 - 30 pages. All information regarding your project is considered to be your intellectual property and is held strictly confidential.
ASPIRE™ Fees
and Terms
Travel and Report Related Expenses: Please contact us to discuss your project opportunity.
Payment of Fees: Fees for the ASPIRE™ program are to be paid in advance as a retainer via bank wire-transfer to Star Resorts' designated account. Payment of travel and report preparation expenses is due and payable within seven (7) days upon receipt of invoice.
Scheduling ASPIRE™
Get the Experts' Opinion. A principal of Star Resorts is prepared to initiate the ASPIRE™ program at a mutually convenient time. Contact us now to start ASPIRE™.
Michael C. Bosch
VP Advisory Services
[T] 415 519-8705
MichaelCBoschRDA@aol.com
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