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CAP RATE – WHAT DOES IT MEAN TO A RESORT PRICE?

What is a CAP rate for Minnesota resorts? Before we understand the answer to this question, buyers and sellers should understand there are many different standards that are used in commercial real estate valuation and appraisal.  There is the GIM (Gross Income Multiplier) approach, the NIM (Net Income Multiplier) approach, the replacement cost approach, the EMV (estimated market value) approach and the...

WHICH RESORT OR CAMPGROUND IS RIGHT FOR YOU?

What do you think about when buying a Minnesota resort or campground?  One of the first steps in buying a Minnesota resort or campground is deciding what characteristics will be just right for you and your family. For many people, their idea of a classic Minnesota resort is a small number of cabins and/or RVs, a lodge, and a pristine shoreline with great swimming and fishing.  However, some families...

YEAR ROUND RESORTS DOING WELL

  According to the Explore MN Winter 2022 Tourism and Hospitality Industry Survey Findings, 82% of MN resorts reported winter 2021/2022 revenue at or above 2019 levels.  Lodging revenue relative to recent years varies by accommodation type, with resorts doing better than motels/hotels (82% vs 48%).  In general, winter travel activity in MN is improving, however, recovery is still in...

U of M Tourism Center resource for resort owners

U of M Tourism Center Resource

  The U of M Tourism Center is a beneficial resource for resort/campground owners. As resort owners, we always appreciated the work of the many people who put time and energy into reporting the health of  the tourism industry.  Along with Explore Minnesota, and the various Chambers and Visitor’s Bureaus, the U of M Tourism Center has made a huge impact on how resorts have responded to...

Cass Lake resort for sale

QUESTIONS ABOUT BUYING A MINNESOTA RESORT

Questions About Buying a Minnesota Resort Buying a Minnesota resort is exciting, and you will have many questions about the hospitality business.  They may be about  marketing, local government issues, customer relations, equipment rentals, and more.  Fortunately, there is a strong hospitality network in Minnesota that can assist you at both a local and statewide level when buying a MN Resort. ...

does this minnesota resort cash flow

DOES THIS RESORT CASH FLOW?

Does this resort cash flow? This might be  the question we get asked the most about the resorts we have for sale.   It is an excellent question and if you are asking this question, it means you know that resort ownership is not all about the lifestyle - you have to pay the bills too!  What you may not realize is that resort ownership isn't analyzed like other opportunities. So, what does it mean...

Cash on Cash Return Minnesota Resort

CASH ON CASH – FINANCIAL TERMS FOR RESORT VALUATION

What is Cash On Cash (COC) return for Minnesota resorts and how does this term relate to valuation? Unlike the Capitalization (CAP) Rate for resort valuation, the Cash On Cash (COC) return for Minnesota resorts is not nearly as nuanced.  The COC return is also called the Equity Dividend Rate.  Simply stated, this is the rate of return on an investment measured as the ratio between the cash flow...

feet Minnesota resorts for sale

Minnesota Resorts for Sale – Choosing an Agent

When looking at Minnesota resorts for sale- choosing an agent is key. Whether you are buying or selling,  you want the right professional working for you. There are differences you should understand. Buying or Selling a Minnesota Resort Realtor or Real Estate Agent? A real estate agent is a professional who assists in the buying and selling of properties and has obtained a real estate license to do so....

trees MN lake resort for sale

Minnesota Resorts for Sale -When Do They Go on the Market

  Minnesota Resorts For Sale in Minnesota When to start looking for Minnesota Resorts for Sale We are often asked: "When are Minnesota resorts listed for sale ?" You’re probably wondering when they typically go on the market. Just like residential homes, resort sales have peak listing times. Every year, Labor Day is a very important milestone for resort owners. It's like the last day of...

Buying a Resort or Campground in Minnesota

RESORTS THRIVE IN MINNESOTA

TOURISM IS STRONG IN MINNESOTA When you consider buying a resort or campground in Minnesota, you want to know how the industry is doing.  Did you know;  “Tourism in Minnesota is a $16 billion industry adding over a billion dollars in sales tax revenues and providing over 11% of all private sector jobs.” (EMT)  A great way to keep track of tourism in MN is to stay connected to Explore Minnesota...

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