Unit Financial Analysis
The figures below provide sample Income and Expense reports based on projected levels of occupancy, market rates and priicng of unit types.
The tourist industry fluctuates and may be subject to volatile market change. The below examples are no way guaranteed or implied but have been based upon historical and recorded data, along with current advertised nightly rates.
These figures detailed below are based upon a full calendar year of operation after the opening of the Surfari Water Park, utilizing a figure of 80% of the current rate per night, with projections on occupancy of 50%, 60%, 70% and 74%, which equates to a 90% performance of an average hotel in Orlando with an occupancy rate of 81.4%. *current occupancy rate of The Grove Resort January'18 through July'18 = 82.7%
74% occupancy projection figure is based on the average recorded occupancy rate in 2016 within Hotels published by VisitOrlando. Current recorded figures using STR Inc. data through March shows the overall metro Orlando hotel occupancy rate was 81.4 percent
Income and expense figures are strictly estimates based on projected levels of occupancy and market rates. The tourist industry fluctuates and may be subject to volatile market change. The above examples are no way guaranteed or implied.
All figures have been projected on specific unit prices of floor plans being offered.
Management commission covers expenses related to selling and marketing to as well as servicing Resort guests, credit card commissions, travel agent and meeting planner commissions, daily and departure cleaning services for Resort guests, small housewares and linen replacements, in-unit amenities, and minor maintenance.
H.O.A. Fees include: Electricity, Cable, Telephone, Water / Sewer, Building Insurance, Building Maintenance, Ground Maintenance and Landscaping, Access To All Amenities and Services and Onsite Security.
Reserves: 4% of the gross monthly revenue will be deducted and deposited into the refurbishment reserve for any future upgrades or replacements that may be required.
Spreadsheets also include Leaseback examples which provide assured gross rental at 8.00% of purchase price paid by developer and / or management company, when enrolled in the leaseback program.
Owners obligation through the leaseback period include the payment of Real Estate Taxes, C.D.D. and Insurance policy.
Leaseback program expires December 31st, 2020.
74% occupancy projection figure is based on the average recorded occupancy rate in 2015 within Hotels published by VisitOrlando. Current recorded figures using STR Inc. data through April shows the overall metro Orlando hotel occupancy rate was 81.4 percent
Disclaimer: All information deemed reliable but should not be relied upon. All information should be verified before entering into any contract that is legally binding. Pricing and availability are subject to change without notice.