Dear GullWing unit owners, 

I hope you have been able to enjoy your summer so far.  GullWing has been very busy this summer with the temporary closing of Pointe Estero Resort.  The rental results are up significantly compared to last year, and that trend looks like it should continue through the fall months.  The maintenance staff has been very busy over the past week cleaning up from a flood that occurred, and all refurbishment projects from last year are complete. 

As I mentioned, the staff has been very busy cleaning up from a recent flood that occurred.  The flood started on the 9th floor from a hot water heater, and affected 19 units from the 9th floor to the 2nd.  The staff responded very quickly and an extraction company was brought in to help with the drying of all affected areas.  The whole situation took a total of six days to clean up and get everything dry and back to its preexisting condition.  We were fortunate that everything got dried as quickly as it did, and no drywall had to be replaced. 

With Pointe Estero closed for the summer, GullWing is seeing a large increase in demand for the summer months.  Currently every month this summer and fall are booking faster then they did last year.  Some of our accomplishments this year are as follows:

• Revenue for the year is up 11%
• Occupancy has increased this year by 7% compared to last year.
• Revenue per available room (RevPAR) is up almost 13% compared to last year.
• GullWing recently received one of its Mystery shops for this year and scored a 93.5%
• Owner distributions are up by 15% for the first five months of this year.
• GullWing just had an outstanding 4th of July weekend.  The resort was full for the extended weekend, and everyone enjoyed the local fireworks.

With last years refurbishment projects completed, it will soon be time to look at what we want to do this year.  I will be scheduling a meeting soon with the refurbishment committee, so if you have any suggestions for refurbishment, please feel free to let me know.

As GullWing looks like it will continue to have a very good summer, with rental results well above last year, we are now going to start concentrating on some of our other projects for the summer.  I am looking forward to working with the refurbishment committee and get started on some new projects to keep GullWing’s unit well above the rest.

If you have any thoughts, suggestions, or concerns, please don’t hesitate to contact me directly.  You can reach me by phone at (239) 765-4300 or by email at CurtB@sunstream.com.  I look forward to meeting everyone on your next visit.

Sincerely,

Curt Brenner
General Manager