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February 2009

Greetings from Park Shore Resort!  It’s always amazing how the arrival of our winter guests and owners brighten up a resort. The flowers are in bloom; the sky is blue (well, most of the time!); and the coffee club is hard at work solving what ails us!   

CONDO

I am happy to report that the lobby bathrooms are finally under renovations. It took longer than expected to pull permits, but it’s done and the project is well underway. The anticipated completion date is February 10th.

 

David Kidd is currently replacing the upper hand railings at the main bridge to the Island. It will be stained along with the lake fencing scheduled for early Spring.

The Board’s next regularly scheduled meeting will be held on March 18th.  The Notice and Agenda will be posted as required in the lobby at the coffee bar. If any of you are on property at that time, please join us!

RENTAL

The refurbishment committee will meet sometime this month to review the proposed 2009 Rental Refurbishment project, the cost and the completion timeframe. As a reminder, the refurbishment scheduled for 2009 includes painting, carpet, and new mattresses. We are also looking at new bedding cover and shower curtains as appropriate. Given the state of the current economy, we are also looking at what absolutely has to be done, and the best way to bill. As is, the estimated cost is around $5,000. As a reminder, there were no refurbishment projects in 2007 or 2008. I will send a letter to those of you in the rental program later this month on this. Any owners not in the rental program, but who wish to participate, please let me know.   

December 2008 finished strong with a 58% increase over prior December net distribution. For the year, occupancy was up 10% over 2007; ADR up 9.6%; and revenue up 3.56%.  

Some owners have expressed concern as to what affect the current state of the economy will have on tourism here in the Naples area this year, and specifically Park Shore. We are closely monitoring our revenue and have plans in place to hopefully minimize the impact if the revenue is simply not there. In reviewing our competitors in the area, we are definitely keeping up, and in some areas, exceeding the competitive set.

SUMMARY

It is always a pleasure meeting and talking with you. Please stop by to at least say hello when you are here. I am most interested, especially over the next couple of months, to have your input on the landscaping.    

Brenda Stewart
General Manager
brendas@sunstream.com

   

SunStream Corporate Headquarters  ·  6231 Estero Boulevard  ·  Fort Myers Beach, Florida 33931  ·  Phone: 239-765-4111  ·  Fax: 239-765-5755
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