Real Estate Investment Trusts
Do you represent an investment group looking for a better ROI? Other REIT’s have developed successful models with our franchise.
In 2016, Sun Communities (NYSE: SUI), Equity Lifestyle Properties (NYSE: ELS), and Northgate Resorts combined to finish the year with positive comp sales of 13.3 percent. Our family-oriented business model differs from traditional RV parks who feature seasonal camping or temporary housing. We cater to overnight guests – much like a hotel or resort.
One of the major differences in the overnight guest business model versus the traditional RV park model is the ancillary income earned through families spending within the park. A REIT in the Jellystone Park franchise derive 24 percent of their income from ancillary spending. In 2016, revenue per available room (REVPAR) was up over 13 percent as REIT’s benefited from an increase in cabin rentals as well as discretionary spending within the park.
“In our due diligence of numerous parks across the country, we’ve discovered that the Jellystone Parks are some of the best operated, highest grossing and most profitable RV parks. Furthermore, the Jellystone Park brand and franchise standards have a tremendously loyal following. Not only are Jellystone Park guests loyal to a specific Jellystone Park, which often times experiences 50% or better repeat business, but to the Jellystone system in general. We see great value in having a customer base that is loyal to the Jellystone brand.” – Zachary Bossenbroeck, Northgate Holdings CEO
Our REIT’s are poised for continued success supported by strong growth in the RV manufacturing industry and a business model that excels in servicing the 30 – 39 year old demographic. In addition, REIT’s in the Jellystone Park franchise have added features that appeal to this demographic and provide comfort and entertainment to guests. These include water amenities, cabins, tiny RV homes, and even a warrior-style obstacle course.
Contact us to find out more today.
A Success Story – Sun Communities
(Published on Woodall’s Campground Management website, www.woodallscm.com.)
Shiffman: Sun’s Prior Growth Push Now Paying Off
After Sun Commiunities Inc. released its quarterly earnings results Thursday (April 27), company executives participated in a conference call with investment analysts.
“I’m pleased to share that 2017 has gotten off to an excellent start,” said Chairman and CEO Gary Shiffman. “While the quarter was a relatively quiet one from an external-growth perspective, our prior hard work on that front, coupled with our best-in-class operating platform and focus on sustained internal growth allowed Sun to deliver 22% FFO (funds from operations) per-share growth, a growth rate that we are certainly very proud of.”
Denny Quigley & Tami Alessio – Harrisville, PA2011 was our first year as a Jellystone Park™. Since then, we have definitely noticed that we are attracting a lot more guests from a much larger radius that extends nationwide. And we are seeing more guests from Canada. Over this three year time period, our store sales have increased almost 45%! The increased business also helped to allow us to do…
Theresa Isaacson – Caledonia, WI
We’re going to be entering our 13th season, and I sure would hate to own a property without being Yogi branded. The reason we really like Jellystone Parks is because of the support behind us. With 80 other parks in the system, we have 80 sources of question-and-answer type people to go to. The support is wonderful. The franchise, the LSI system itself – their …
Brent Fannin – Delaware Beaches
2011 was our first year as a Yogi Bear’s Jellystone Park™. We saw record occupancy levels with increases of more than 35% year over year! The addition of nine cabins to our park yielded occupancy levels well over 90% each weekend! The conversion to a Jellystone Park™ did exactly what we expected – it grew our business.
Rick Spear – Estes Park, COWe’ve been in the Jellystone franchise system for 20 years this year. It was a family endeavor to begin with, but over those 20 years we’ve seen significant growth of our campground. In particular, just the last three years in a row we’ve been up double digits, 10-11% points three years in a row. We’ve really been coming on strong, and continue to see good grow…
Bill Pott – Cave City, KYI really like the way it brings me a nice class of customers. I get happy families. I get people who want to come and to spend money to have fun. They enjoy our park. It’s just wonderful they way they come in, and you get so many that want to meet the other guests, they want to go have fun on the Jumping Pillow, then they want to go to the Splash Pad – and they want …
Erv & Marilyn Banes – Frankenmuth, MI
We decided to convert to the Jellystone Park™ system in 1996 because the market conditions were changing. Several of our colleagues had converted and grown in the process. We found that by changing our customer base to families, rather than seniors, we expanded.
The advantage of a Jellystone Park™ is that it is so much more alive than the average park. Plu…
Joey Coleman & Rick Coleman – Tabor City, NC
In 2001, we began a unique challenge to build a campground on our family farm 35 miles inland from Myrtle Beach. People responded to our design of large concrete pads, full hook-ups, plenty of open space, and ultimate customer service. But we soon had “growing pains” with procedures and operations.
In 2003, we joined Jellystone Park™. The operations…
Chip Smith – Monticello, IAWe got into the Jellystone brand at the beginning of last year. This is the end of our first season. We are pretty excited about it. What I like most about the brand is the fact that they are drawing in families from three hours away. They all know what we’re there for, and they’re willing to spend a longer time at our park than just the weekend. The investme…
Roger & Anna Barry – Fremont, IN
When we joined the Jellystone Park™ system in 1980, we were a small operation without a plan. What we have learned through the years from LSI and our fellow Yogi Bear™ owners and operators has been extremely valuable. We now have over 500 sites, RV Sales, waterslides, and a seven family member team of owners and operating managers. We couldn’t have done it w…
Learn More at Our WorkShop
Where: Yogi Bear's Jellystone Park in Burleson, TX (near Dallas/Ft. Worth)
When: September 16 & 17, 2017
Cost: $350/couple which includes 2 nights in a Premium Luxury Cottage Cabin and lunch.
Space is limited! Click here for details and to register.