SUPERIOR SHORES RESORT/ CONFERENCE CENTER & BURLINGTON BAY CONDOMINIUMS

Transcription

1 SUPERIOR SHORES RESORT/ CONFERENCE CENTER & BURLINGTON BAY CONDOMINIUMS 1521 SUPERIOR SHORES DRIVE TWO HARBORS, MN Frank Jermusek, JD President / Managing Director frank.jermusek@svn.com Cameron Peterson Senior Advisor cameron.peterson@svn.com Edward Rupp Advisor edward.rupp@svn.com SVN NORTHCO REAL ESTATE SERVICES 5353 WAYZATA BLVD., SUITE 400, MINNEAPOLIS, MN SALE BROCHURE

2 Property Summary OFFERING SUMMARY Sale Price: $17,450,000 Keys: 184 PROPERTY OVERVIEW SVN Northco is pleased to present for sale the Superior Shores Resort and Conference Center and Burlington Bay Condominiums which are situated on approximately 30 wooded acres in Two Harbors, MN. Two Harbors, and the North Shore of Lake Superior more generally, are well-known Midwestern vacation destinations. Highway 61, which runs through the town of Two Harbors, connects Duluth with the rest of the destinations on the North Shore. PROPERTY HIGHLIGHTS Acres: 30 Market: Duluth Sale includes $10.50 million of Burlington Bay condo inventory and $7.20 million of Lodge condo inventory The hotel/resort business brings in in excess of $1.4 million in EBITDA. Existing facilities consist of a lodge suite hotel, conference center, bar & restaurant, lounge, indoor pools, luxury condos, plus many other amenities The Conference Center boasts 3,600 square feet of flexible meeting space and it is located next to the lake on the first floor of the Main Lodge. Dividing walls can be utilized to provide five individual meeting rooms, one large meeting room, or a combination of general session and breakout rooms to suit groups of 5 to 250 Additional PUD development land available for an additional $2MM - development land includes 1300' of shoreline that is approved for additional development which can include 68 additional condos, a 70 room hotel with indoor water park, conference center, theater complex, health spa and retail. SUPERIOR SHORES RESORT/CONFERENCE CENTER & BURLINGTON BAY CONDOMINIUMS 1521 SUPERIOR SHORES DRIVE TWO HARBORS, MN SVN Northco Real Estate Services Page 2

3 Sale Highlights SALE HIGHLIGHTS Sale includes $10.50 million of Burlington Bay condo inventory and $7.20 million of Lodge condo inventory The hotel/resort business brings in in excess of $1.4 million in EBITDA. Existing facilities consist of a lodge suite hotel, conference center, bar & restaurant, lounge, indoor pools, luxury condos, plus many other amenities The Conference Center boasts 3,600 square feet of flexible meeting space and it is located next to the lake on the first floor of the Main Lodge. Dividing walls can be utilized to provide five individual meeting rooms, one large meeting room, or a combination of general session and breakout rooms to suit groups of 5 to 250 All units in rental pool & RCI vacation platform - the largest vacation exchange network in the world The sale includes Kamloops Restaurant with its casual, family-friendly atmosphere. The restaurant includes the area's largest outdoor patio that features a spectacular view of Lake Superior Premier vacation area with a variety of activities including: Gooseberry Falls, Lift Bridge, Canal Park, skiing, fishing, hiking, hunting, & golf Additional PUD development land available for an additional $2MM - development land includes 1300' of shoreline that is approved for additional development which can include 68 additional condos, a 70 room hotel with indoor water park, conference center, theater complex, health spa, and retail 4100' of Lake Superior shoreline SUPERIOR SHORES RESORT/CONFERENCE CENTER & BURLINGTON BAY CONDOMINIUMS 1521 SUPERIOR SHORES DRIVE TWO HARBORS, MN SVN Northco Real Estate Services Page 3

4 Additional Photos SUPERIOR SHORES RESORT/CONFERENCE CENTER & BURLINGTON BAY CONDOMINIUMS 1521 SUPERIOR SHORES DRIVE TWO HARBORS, MN SVN Northco Real Estate Services Page 4

5 Location Maps SUPERIOR SHORES RESORT/CONFERENCE CENTER & BURLINGTON BAY CONDOMINIUMS 1521 SUPERIOR SHORES DRIVE TWO HARBORS, MN SVN Northco Real Estate Services Page 5

6 Demographics Report POPULATION 150 MILES 300 MILES 450 MILES Total population 1,132,618 9,903,676 25,323,954 Median age Median age (Male) Median age (Female) HOUSEHOLDS & INCOME 150 MILES 300 MILES 450 MILES Total households 457,556 4,033,351 9,855,662 # of persons per HH Average HH income $57,609 $66,822 $72,177 Average house value $190,788 $217,011 $240,199 * Demographic data derived from 2010 US Census SUPERIOR SHORES RESORT/CONFERENCE CENTER & BURLINGTON BAY CONDOMINIUMS 1521 SUPERIOR SHORES DRIVE TWO HARBORS, MN SVN Northco Real Estate Services Page 6