Resort Turnarounds

Members of our team have repositioned some of the most disastrous resort situations.

Resort repositioning # one: Resort property, with over $300,000,000 in debt, was purchased for $15,000,000 and the entire debt was written off due to the decrease in the value of the real estate and a resort protocol gone astray.

Result: That same property today is worth over $600,000,000 dollars simply by reengineering the resort assets and simultaneously repositioning the resort protocol.

Resort repositioning # two: Another resort property was repositioned in such a manner to change from an extremely risky, bankrupt property to one that never saw a red number again until the property was sold. The new owners repositioned the resort protocol back to the original business plan of higher risk and a leveraged, complex business model.

Result: A major disaster costing three times the price paid for the property, bankruptcy of three partners and a 25% to 50% decrease in real estate values surrounding the resort.

Resort repositioning # three: A third property was in financial trouble however, nobody but the owners really understood the extent of the problem. By carefully introducing a "Trigger Model" coupled with a compatible financial formula both the troubled owner and the new owners made a transition without revealing the extent of the trouble and the values sky rocketed. We have numerous examples and have personally been a party to hundreds of financially troubled properties that were saved from financial ruin with well orchestrated financial plans.

Result: The selling owner saved a $10 mill. plus write down and the new owner bought the resort on great terms - a truly WIN WIN deal.