3Q 2013 Rental Performance

Copperhead Lodge announces 3rd Quarter Cabin Rental Program performance for 2013

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 3rd quarter of 2013 there were 16 of the 22 currently-constructed cabins participating in the rental program, and the newest 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 3rd quarter of 2013 the Cabin Rental Program reported 565 cabin rental nights (40% occupancy), with an ADR of $135, in comparison to 3rd quarter 2012 totals of 454 nights and an ADR of $112. 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. As of September 30, 2013, there are advanced reservations for cabins in 2013 totaling 1457 nights; a 42% increase over 2012 total bookings. 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).

Copperhead Lodge announces Cabin Rental Program performance for 2012

Cabin6thumbDo 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.

2012 was the second full 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 2012 there were 12 of the 20 currently-constructed cabins participating in the rental program. 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 in the North Georgia Mountains. The resort boasts underground utilities and paved roads. Resort amenities include a salt water swimming pool and natural amphitheatre.

There are two types of cabins in the rental program, Standard and Elite. All cabins havecabin16frontgarage500 one bedroom, 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.

During 2012 the Cabin Rental Program reached 1,029 rental nights, with an ADR of $117.06, in comparison to 2011 totals of 577 nights and an ADR of $108.78. Owners of Elite cabins averaged a net return of $7,554 and Standard owners averaged a net return of $4,481. Group Sales was the largest market driving the year-over-year increase – from motorcycle clubs/organizations to family reunions.

Brad Betters, an Elite cabin owner said: “We built our Cabin in September of 2011 and immediately joined the rental program. We are very pleased with the performance of our Cabin as an investment and look forward to continued growth in the resort and the rental program.”

Tom Gibson, an Elite cabin owner who purchased in May 2012 said: “I had a CD coming due and the bank was offering about 1%. Since purchasing my cabin in May 2012, I’ve already made a 6% return in just seven months. I’m thrilled with my investment at Copperhead.”

The future continues to look bright for the resort and the rental program. As of February 28, 2013, there are advanced reservations for cabins in 2013 totaling 571 nights; more than 50% of the previous years’ bookings. Rental Program Manager Michelle Evans said: “We expect to outperform our 2012 results by at least 25%. 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.

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 every weekend (when not sold out).