4Q and 2013 Rental Performance

Copperhead Lodge announces 4th Quarter and 2013 final Cabin Rental Program performance

2013-05-24 02.07.38Do you dream of having a mountain getaway that pays for itself? Well, pay attention to this! You can own the lifestyle and not foot the bill.

2013 is the third year of operation for the forty-seven acre destination resort in the North Georgia Mountains. The full service Lodge including eleven guest rooms, a full service restaurant and bar, and live entertainment, is blanketed by forty acres containing sixty lots for park model cabins.

During the 4th quarter of 2013 there were 16 of the 22 currently-constructed cabins participating in the rental program. The newest available floor plan, a full two bedroom, debuted in 2013. The first two-bedroom model was completed and began renting in late May. The second two bedroom was constructed and began renting in late August 2013. All cabins are individually owned and are deeded real property. Owners desiring a return on their investment participate in the rental program and receive 70% of gross rentals. Copperhead Lodge is a destination resort marketing nightly and weekly rentals to vacationers visiting the North Georgia Mountains. The resort boasts underground utilities and paved roads. Resort amenities include a salt water swimming pool and natural amphitheater.

There are two types of cabins in the rental program, Standard and Elite. One and two bedroom options are available and amenities include, one bath, and full kitchen, with some offering additional sleeping in a second bedroom or loft. The Elite cabins offer the same amenities as the Standard including satellite TV, grills, and a sleeper sofa, but also offer an expanded outdoor living area, a full size hot tub, and a private motorcycle/ATV garage. Cabins will sleep 2-4 people. The new model, a full two king bedroom, boasts all the amenities of the Elite cabins with extended outdoor living space and an additional bedroom.

For the 4th quarter of 2013 the Cabin Rental Program reported 468 cabin rental nights (32% occupancy), with an ADR of $131, in comparison to 4th quarter 2012 totals of 244 nights and an ADR of $134. Despite a very rainy Spring/Early Summer season, the season kick-off annual rally, destination events, holiday events and group sales were the driving forces for the increase in occupancy over 2012.

The future continues to look bright for the resort and the rental program. For the full year 2013, the rental program realized 1,629 total rental nights, with an ADR of $125. This is an increase of 61% over the 2012 rental nights of 1,029. Rental Program Manager Michelle Evans said: “We are pleased with our progress and the increases over last year, this is great news for our resort and our rental cabin owner partners.”

“Our growth has been spectacular, but continues to be hindered by a shortage of cabins available for rental. We stay sold-out on weekends from Memorial Day through the first of November, and turn away a great number of groups needing accommodations for more than 50 people,” Michelle went on to say.

Owner Anthony Cassulo said: “The new two bedroom model has been a huge hit in the rental market since the first unit was placed in service in May 2013.”

If you are looking for an investment, this is your opportunity. Visit the sales website at www.cabinsatcopperhead.com for information on real estate, and visit the resort website at www.copperheadlodge.com for more information on the resort. If you need additional information, please contact Michelle Evans at michelle@copperheadlodge.com or 706-835-7433. Open house and resort tours are available every weekend (when not sold out).