Homeowner s Newsletter

Transcription

1 Homeowner s Newsletter October, 2016 September was a really strong month, exceeding last year by over $200,000. We are going from a short fall right into ski season with Arapahoe Basin approaching their season opening this Friday, October 21, Dust off your equipment and get ready for a tremendous ski season! Kindest regards, Bob Barto, CHA General Manager Beaver Run Resort & Conference Center 1

2 Financials September 30, 2016 Actual Budget Last Year Adj. Room Revenue $1,084,196 $956,203 $879,310 Rooms Available 15,378 15,030 14,994 Rooms Occupied 8,161 6,968 6,397 Occupancy % 53.1% 46.4% 42.7% Average Rate $ $ $ Rev Per Available Room $70.50 $63.62 $58.64 Return to Owner $601,729 $530,693 $488,017 Avg. Owner Return $1,520 $1,340 $1,232 Percent Return 55.5% 55.5% 55.5% YTD through, September 30, 2016 Actual Budget Last Year Adj. Room Revenue $13,819,380 $13,944,161 $13,081,123 Rooms Available 136, , ,536 Rooms Occupied 68,937 71,341 69,214 Occupancy % 50.3% 52.6% 51.1% Average Rate $ $ $ Rev Per Available Room $ $ $96.51 Return to Owner $7,669,756 $7,739,009 $7,260,023 Avg. Owner Return $19,368 $19,543 $18,333 Percent Return 55.5% 55.5% 55.5% Avg. Equalized Revenue per Unit Type Thru September 30, 2016 Building 1 Building 2 Building 3 Building 4 A $28,281 $29,439 $31,534 B $46,965 $53,655 $53,095 C $29,397 $31,315 $34,595 D $55,475 $53,330 $57,299 EF $42,150 $44,987 $48,720 G $62,383 $60,688 $62,453 H $82,230 $85,297 $84,588 STU $26,112 BS Average including units out of service for remodel in $25,930 Average revenue for units with full year of rental income. $27,505 CS $30,952 SS Average including units out of service for remodel in Average revenue for units with full year of rental income. $32,134 $33,814 P1 $33,775 P2 $48,265 P2K $62,749 2

3 Refurbishment Salutations from Refurb! Our 2016 remodel schedule is full! We ll be happy to take on new projects in spring 2017, and request that you wait until the New Year to contact us in relation to these projects. We have rather a full fall with completing remaining projects, inspections, and planning for next year s flip and spa packages. As we enter the final push for inspections if you completed an Owner Managed project, and have not already let us know, please the details to inspections@beaverrun.com to be put on the re-inspection list. Note that re-scores will not be conducted until November. Once all initial inspections are completed, you must details prior to November 1 st to be put on the list. If you are still under construction please let us know once the project is fully punch-listed by the Maintenance Department and complete. Our showroom will remain closed until the New Year, but you can visit our online gallery for a selection of art and featured lamps that we have in stock. You can also view our current furniture catalogs online. Please visit our section on the HOA website for this and other refurbishment information. You can find us at you must register to access this page. Please also visit our furniture vendors websites at and and don t forget all orders that run through our department receive the Beaver Run discount BARGAIN! Standard fall operating hours are Monday to Friday 9am to 5pm, Saturday 12pm to 5pm, and closed on Sundays. We must request that you call ahead to schedule an appointment if you need our assistance we are often away from our desks conducting inspections and managing remodels, so this guarantees we can be available when you visit. Miki, mjorgenson@beaverrun.com, Rebecca, rwhitehead@beaverrun.com, Beth, brusticus@beaverrun.com,

4 Homeowner Relations The seasons are quickly changing, which means it is time to prepare for the upcoming ski season! Lots of projects are underway including; carpet and upholstery cleaning, resurfacing of the Building 4 pool and hot tub, new carpeting in the fitness center, and landscaping for an improved sense of arrival. Refurbishment inspections are near completion and Maintenance inspections are ongoing. Not to mention, many owners are finishing up remodels and unit refurbishments. As you can see there is quite a bit happening at Beaver Run! We are installing new fireplace tool sets that are combined with a log rack in the rental program units with fireplaces. See the photo on the right. Units that have a custom fireplace tool set will not receive a new set, unless requested. The set is approximately $65 and will be charged to your owner statement. Construction of the new Hub restrooms is in full swing and is expected to be completed by Thanksgiving. The Building 1 walkway plans have been submitted to the town and we are awaiting their approval. Lastly, the Breckenridge Ski Resort opens in just over 3 weeks, 22 days to be exact. Think snow! Sue O Brien Homeowner Relations Manager Sue@BeaverRun.com Ski Season, opening dates Below are the current dates for the opening of the ski areas for the Ski Season. Arapahoe Basin, Friday, October 21, Beaver Creek, Wednesday, November 23, Breckenridge, Friday, November 11, Copper Mountain, Friday, November 11, Keystone, Friday, November 4, Loveland Ski Area, (Projected), Saturday, October 29, Vail, Friday, November 18,

5 Maintenance With ski season fast approaching, we are working hard to finalize a number of projects. The landscaping is moving along, as is the Hub Bathroom project. We are anticipating a completion date prior to Thanksgiving for the bathrooms. We have recently completed resurfacing the interiors of the Building 4 pool and hot tub, as well as new roof installation on the Building 4 walkway, Building 1 ramp, and a few of the stair tower roofs. I continue to work through the permitting process with the town for the Building 1 walkway. At this point we are under the density review. As always we are continuing with Unit checks as business permits. If you would like a copy of the forms that we use to conduct the work involved in a unit check, please feel free to contact our Administrative Assistant, Jessica Tyson, at jtyson@beaverrun.com and she can you a copy. Thank You, Todd M. Harris Maintenance Manager tharris@beaverrun.com 5

6 News from Group Sales and Conference Services On Tuesday, October 4, several of the Beaver Run Management Team attended the Summit County Chamber s COO Breakfast at Copper Mountain. This event signifies the end of Fall and beginning of Winter, as all of the COO s of the local ski areas discuss what is new for the upcoming ski season at their respective resorts. There is also a presentation on the trends for our upcoming season and what the outlook is for the ski season , presented by Ralf Garrison of Destimetrics. Overall everyone is guardedly optimistic and trends indicate a positive ski season as long as we get our share of snow. At Beaver Run we are also guardedly optimistic as our trends appear strong and our group business indicators remain positive. Again the X Factor will be the snow levels. We have already had some dustings up on top of the ski area and several ski areas are already making snow. If we receive our share of snow and you Beaver Run Stakeholders send us a few last minute leads for added group business we will have a positive revenue steam this ski season. Send us Leads and we will turn them into Revenue $$$ for all of Beaver Run! Although the Beaver Run Sales Team are looking for your leads we are also in our busy time hitting the road trying to drum up more business for Beaver Run. All of our Sales Team are busy in many parts of the country trying to fill in last minute winter business and more importantly filling the pipeline for future groups both winter and summer for 2017 and beyond. We had great success in 2016 and understand that is last year s news and look forward to generating great revenues for the future! Think Snow! Bruce Horii Director of Sales and Marketing bhorii@beaverrun.com (970) Pub at the HUB With the Ski Season rapidly approaching, preparation is being made for the opening of this year s Pub at the HUB. There will be a window that opens to the Hot Tub area so that guests can order a drink without having to come into the building. If occupancy requires, a cocktail server will go out and take drink orders for the guests. 6

7 Thanksgiving Day Buffet Thursday, November 24, 2016, 11:00 a.m. until 8:00 p.m. *Adults - $47 + tax & gratuity * kids 5-12 $18 * kids under 5 free Seafood Display Peel and eat shrimp and clusters of snow crab legs served with cocktail sauce, remoulade, and fresh lemons. Smoked fish platter- honey smoked salmon, gravlax, hot and cold smoked trout. Platters and Salads Chef s selection of composed salads. Mixed green and traditional Caesar salads, Imported and domestic cheese platters with artisanal crackers. Crudité platters with roasted red pepper hummus and Maytag bleu cheese dip. Fruit and melon display with yogurt dipping sauce. Soups and Breads Butternut Squash bisque. Beef Stew. Assorted breads and rolls. Pasta Station Selection of pasta with your choice of shredded oven-roasted chicken, prosciutto ham, shrimp, bacon, asparagus tips, roasted pepper medley, caramelized onions, broccoli and capers with marinara or Alfredo sauce. Carving Station Oven roasted Tom turkey, Prime Rib of Beef, holiday spiral ham- accoutrements include turkey gravy, cranberry compote, au jus and homemade stuffing. Entrees and Sides Pan-seared Mahi-Mahi Vera Cruz and rice pilaf. Herb Crusted Pork Loin with cranberry mint relish and roasted sweet potatoes. Lamb Osso-Bucco with pinot noir bordelaise and sweet onion confit. Dauphinoise potatoes with gorgonzola and chives. Roasted garlic mashed potatoes. Seasonal baby vegetable medley. Holiday Pie and Cake display Holiday cakes and homemade Pies. Choose from pumpkin, apple, bourbon pecan, warm apple, or peach and berry cobbler with Chantilly whipped cream. Call for Reservations 7

8 Real Estate of the Summit September 2016 Beaver Run Sales Unit Number & Style Beds Baths Sq. Ft. List Price Sold Price Sold Date (Townhome) 2 2 1,127 $620,000 $595,000 9/30/ (Lock-off) 2 2 1,161 $632,000 $622,000 9/19/ (4-Bedroom) 4 4 1,739 $799,900 $775,000 9/6/16 September Real Estate Sales Statistics Summit County 306 Total Real Estate Sales in Total Real Estate Sales in $ Million Total Value of Sales in $ Million Total Value of Sales in $9.25 Million Most Expensive Sale in $5.85 Million Most Expensive Sale in Sales of at least $1,000,000. Thank you for your continued support! Tom, Carol, Lisa, Marisa, Jared and I look forward to seeing you on your next visit to Breckenridge. Sincerely, Dennis Clauer, CRS, GRI, ABR Broker / Owner Real Estate of the Summit, Inc. 620 Village Rd. / POB 4690 Breckenridge, CO Cell: Office: Dennis@realestateofthesummit.com Next Board of Directors Meeting December 2 & 3, 2016 Annual Meeting March 31 to April 2,