AAA Award Winning Waterfront Inn With Adventure Spa Travel Condos For Sale

Business description

Very high return on investment, only luxury property in region. You own & manage with staff or hire full-time manager, your choice. Inn Property is in high demand, with excellent pricing, and is a media darling. Noted as: 1,000 Places to See Before You Die, "Best Of Alaska" in most print and on-air travel guides, #1 Trip Advisor Choice for Lodging in Juneau. Ideal vacation and honeymoon destination in mild rainforest of southeast Alaska's inside passage in Juneau, Alaska's capital city. Great Scenery and Outdoor Lifestyle year round. Many repeat guests, very strong demand, growth potential. Extraordinary sales and ROI per room. See listing at http://www.forsalebyowner.com/listing/YUVBR and property video at www.pearsonspond.com

SPECIAL: Alaska ‘s Only AAA Four Diamond Award property, Member of Select Registry Distinguished Inns of North America, Small Elegant Hotels of the World, 2008 Top 10 Romantic Inns, Top 100 Best Wedding Destinations, Top Romantic Destinations in the World, 1,000 Places to See in U.S. and Canada Before You Die. 2007, Most Perfect Stay, Editors Choice in top travel guide books, & dozens more accolades. The Inn, weddings and adventures seen in National Geographic, Sunset, TLC, NBC, ABC, CNN, Fine Living, Outdoor Channel, Atlantic Monthly, Pacific Northwest, Modern Bride, Premier Bride, MSNBC, and many more…. Excellent media, community relations & web position.

Detailed P&L, inventory, pro forma, taxes, professional valuation, etc. available to pre-qualified buyer. The business value is higher than the asking price, which is tempered by real estate market. Offering Price is excellent to facilitate timely sale to right buyer.

Property information

Real Estate:

Real Property Included

Living accommodation:

OWNERS HOME: Newly renovated, executive home on-site with 2 bedrooms, plus office, 2 baths, living & dining areas, full kitchen, laundry. Open-plan living, 3 split levels, cathedral ceiling, water-views. New stainless steel appliances, & granite. Completely furnished & equipped including housewares, linens, electronics, etc.

Location:

LOCATION: Juneau, Alaska’s capital city, and major tourism destination along the famed Inside Passage waterways in southeast Alaska. The inn is in an urban area, adjacent to a river walk greenbelt trail, Tongass National Forest Recreation area, lakes and bike paths to the world famous Mendenhall glacier.

The inn is only 8 minutes to Juneau International Airport, shopping and departures to Glacier Bay National Park & Pack Creek National Monument, 15 minutes to Juneau’s Historic District. And the condos are located 15/8 minutes to these, respectively.

ABOUT JUNEAU AREA: Juneau is named #11 in the U.S. Best Places to Live, primarily due to its healthy environment, outdoor lifestyle, mild marine climate, easy access to recreation and nature, highly educated population, low crime, low traffic, clean air, & good economy. A great casual, fun place to live, work & play.

Mild marine climate averages 32F in winter, 68F in summer, Average daylight, 20 hours in summer, 10 hours in winter2 hour flight from Seattle, Washington, accessible worldwide via Alaska Airlines/partners or by ferry/cruise.

Population is about 33,000, with a surge during winter/spring for legislative business and large influx in summer for the 5 month peak tourism season and year round regional business and shopping center.

Many community amenities & opportunity for involvement, including restaurants, theater, museums, libraries, scenic beauty, wildlife viewing, outdoor recreation by land, air and sea.

ACREAGE: 1 acre waterfront, professionally landscaped for low maintenance, award-winning gardens with waterfall, fountains, dock, in the wooded rainforest, perched on small, private lake near greenbelt. .

BUILDING & OTHER IMPROVEMENTS. About 5,500 sf building space (includes 5 guest rooms, public areas and separate private owners home, and 2 condos). Public areas includes Atrium & breakfast lounges, small gym, massage room. Plus, additional 2,000 sf extensive outdoor multi-level cedar decking, gazebos, parking bays, outdoor hot tubs, dock, waterfall with stream & bridge, campfire pit. Various recreational equipment like bikes, boats, etc. included. Inn very well-maintained.

Other information

Expansion potential:

Space to grow and customers to fill new spaces. Huge peak-season (summer) waitlist for guest rooms/apartments. More demand that availability most times in summer. Has typically been most of the year, though outgoing owners are slowly converting to primarily a 5 month (May-Sept) peak occupancy for inn and related activities, and periodic occupancy for vacation/corporate condo rentals.
Currently: BUILDING & OTHER IMPROVEMENTS. About 5,500 sf building space (includes 5 guest rooms, public areas, separate private owners home, and 2 condos). Public areas includes Atrium & breakfast lounges, small gym, massage room. Plus, additional 2,000 sf extensive outdoor multi-level cedar decking, gazebos, parking bays, outdoor hot tubs, dock, waterfall with stream & bridge, campfire pit. Various recreational equipment like bikes, boats, etc. included. Inn very well-maintained.

OCCUPANCY: 67% year round, with strong occupancy in summer, AVERAGE annual DAILY RATE: Room only: $226 to date in 2008, $187 in 2007, $167 in 2006, including peak, off-peak and monthly stays between inn and condos. Peak season rates at inn range from $349-$495 at the inn, less at condos. If annual revenue is $575,000, about $250,000 is profit and about 50% of revenue is from adventure tours and non-room sales, which are high-profit elements. GROWTH POTENTIAL is good, many opportunities to target various markets & land to grow. Relatively easy conversion of owners home and gym to guest rooms. The acre of land includes pond, buildings and space for expansion of buildings. Subdividing property may also be an option. Building & conditional use permits for increased visitors have always come easy in the past.

ZONING/PERMITS: Legal and in-place.

Competition / Market:

Pearson's Pond Luxury Inn and Adventure Spa is the highest rated property in Alaska, the ONLY AAA 4-Diamond property in Alaska, no 5 diamond/star properties exist, and the only Select Registry property in Alaska. The condos are the only Accredited Corporate Housing property in Juneau. All other transient lodging properties in the area are 1-3 diamond, most B&B's are homestays, there are no intentional corporate housing properties. This property and business is unique in its setting, methodology, systems and profit and is not easily duplicated, thus keeping competition at bay. The luxury market continues to grow, with little or no price sensitivity of room rates or custom adventures.

Support & training:

Up to 80 hours detailed training included in innkeeping, marketing and business, plus "back of the house" element (housekeeping, gardening, etc. - or retain existing contractors.) Or, we will assist you in hiring a professional innkeeper.

Reasons for selling:

Retiring to new challenges. Thus, we are selling our very successful Pearson Properties which includes 4 integrated businesses as noted below. Our original exit strategy of 20 years and out will leave the new owner with high revenue, profit and media exposure, opportunity for expansion, growth and customization, and a tremendous return on investment coupled with a great lifestyle. Detailed P&L, inventory, pro forma, taxes, professional valuation, appraisal, etc. available to pre-qualified buyer. Price is excellent to facilitate timely sale to right buyer. If you know of anyone who might be interested now or in the future, please have them contact us

Trading hours:

all

Financing available:

Bank financing available with substantial down payment. Appraisal and valuation done. Owner financing possible at premium with minimum $500,000 down and excellent credit rating.

Furniture / Fixtures value:

$120,000 (included in the asking price)

Inventory / Stock value:

$10,000

Website:

www.pearsonspond.com

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