ASPIRE™ Project Evaluation
Advance Site Potential Inspection Review & Evaluation
Thinking Fractionals?
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!
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
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.
