Establishing Your Landmark Property

FINANCIAL TRANSACTIONS, ENTITLEMENTS and HUMAN CAPITAL SOURCING

Before moving to the Transactional Activities phase, it is expected that the Comprehensive Business Plan and the Physical Planning/ Architectural Design for the property have been approved by the development team. Here RTK Resort Group’s relationship shifts into a transactional mode, where a number of activities such as funding, entitlements, product registrations and project team recruitment are undertaken.

Often RTK Resort Group provides the critical linkage between investment groups, hotel operators or hospitality entities seeking to expand into the condo-hotel or fractional resort ownership industries and the resort/ community development companies looking for capital sources or business partners to meet their growth and liquidity goals.

Financial Transactions
RTK Resort Group’s Principals often provide assistance for a broad range of financial transactions that involve securing additional funding resources, equity investors and joint venture partners as well as lining up debt financing for acquisition, development and construction loans and consumer end loan financing. Other activities performed by RTK include: Preparation of the Financing Plan; Lender Submissions & Presentations, and; Introduction to Capital Sources

Project Sourcing
RTK Resort Group can also assist Lenders and others in finding attractive projects that need financing, as well as assisting in their underwriting process for financing to the fractional resort and Private Residence Club industries. The Principals of RTK Resort Group are in contact with a number of credible resort developers who are seeking equity partners. If you are interested in investing in resort developments with potential to make a substantial return on your investment, please contact John Kazanjian at JKazanjian@RTKresorts.com. He would be pleased to introduce you to the appropriate resort developers.

Legal Structures and Consumer Documents
The establishment of the condominium regimes that regulate the various real estate products within mixed-use resort communities can become quite involved. RTK Resort Group maintains two real estate attorneys in-house that can assist in defining how to accomplish the resort ownership structure(s) that are defined in the planning stages for your project. We can prepare, or assist your attorneys in preparing, the assorted Covenants, Conditions and Restrictions, the Rules and Regulations and the Lodging Policies and Procedures for each real estate product within the landmark property. Additional work can include the preparation of the requisite consumer documentation necessary to conduct sales activities, including reservation letters, purchase agreements and escrow closing statements.

Project Entitlements and Jurisdictional Registration Filings
There can be a broad range of entitlements that will be required before you break ground for construction or conduct any pre-construction sales activities. RTK Resort Group’s Principals are successful in securing the project entitlements that your landmark property may need. Those can include: zone changes, conditional use permits, historic review approvals, design review approvals and building permits. In addition, RTK can assist in your registration filing with state or local jurisdictions for any real estate product offering that may be required.

Human Capital Sourcing
Locating and recruiting the right personnel for your landmark property is a critical, major and time consuming task. RTK Resort Group’s Principals have been in resort development, sales and property management for many years. We maintain an extensive network that we can tap into at any time to find the appropriate senior personnel for the resort community position being sought to be filled.

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