South Seas Owner's Call - August 24, 2023

Page 1

SouthSeas OwnersMeeting August2023

TableofContents 1.ResortOperationsUpdate 2.Sales&MarketingUpdate 3.OwnerRelationsUpdate 4.RealEstateSalesUpdate 5.SouthSeasBuildBack&FutureAmenities 1
Operations
Resort
Update

ResortOperationsUpdate

NewGateControlsandaccesswithupgradedcontrolsandRFIDreadersarebeinginstalledandimplemented.

Guestswithreservationswillbeabletoremotecheck-in,getroomkeysatthefrontgate.

Soon,guestswillbeabletoutilizetheirphonetoaccessguestroomsratherthanakey.

Guestswhomayneedassistance,thelobbyhasbeenre-locatedtoChadwickSquare,previouslyKayCaspersonSpa.

HiredanewresortcontrollerKyleBrownwithafocusongettingownerstatementsoutontimelybasis

Temporarypropertysignagebeinginstalledintheupcomingweeks.

Resortwillbeaddingnewelectricgolfcartsavailableforguestrentalby4thquarterof2023.

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ResortOperationsUpdate(Continued)

Engineeringhasaddedacoordinatortoworkwithownerserviceandallvendorstohelpexpediteunitrepairsand maintenanceasrequired.

BayviewFishingPierconstructioniscompleteandwillopenincoordinationwiththerenovatedBayviewpoolcomplex.

SlidePoolattheBayviewpoolcomplexhavebeenrepaired,weareworkingonthefinalpunchlistfortemporary certificateofoccupancy.

Beachofferingdailyresortchair&umbrellaserviceatSunsetBeach.

EastLawnhasbeensetforguestactivitieswithchipandputtinggreen,badmitten,andfrisbeegolf.

FirepitforS’moresnightlyatHarborsideBar&GrillPatio.(AllguestsreceiveaS’moreswelcomegift)

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Ourtwonewfoodtrucksareopen&operational. 5 OpenDailyatChadwickSquare 11am–5:30pm OpenFriday–SundayatSunsetBeach 11am–5:30pm
Food&BeverageUpdate
Sales& Marketing Update VerdellEkberg

Sales&MarketingUpdate

SOUTHSEASDIGITAL&EMAIL MARKETINGHASRETURNED

WEARECONTINUOUSLY LEVERAGINGSOCIALMEDIAWITH RESORTREOPENINGMATERIALAND UPDATES

WEWILLBEINCREASINGOUR BRANDINGTHROUGHOUTTHE RESORTINCLUDINGNEWFENCE SIGNAGE

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Sales&MarketingUpdate(Continued)

WEHAVEADDEDRESORTUPDATES TOWEBSITETOEDUCATEGUESTSON WHATTOEXPECTUPONARRIVAL.WE ALSOADDEDASOUTHSEAS COMMUNITYINFORMATIONPAGE.

WEWILLBEHOSTINGTHEKICK-OFF OFTHEANNUALISLANDHOPPERS MUSICFESTIVALINCOORDINATION WITHTHELEECOUNTYVCB

THEANNUALISLANDHOPPERSIS SCHEDULEDFORSEPTEMBER22.

WEHOSTOURFIRSTWEDDINGAND GROUPINJANUARY

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Owner Relations Update MarinaBloetz

OwnerRelationsUpdate

Weopenedourfirst13unitsfor guestoccupancyonJuly14th,2023.

TheunitsareintheGulfBeach Villas,GulfCottagesandPrivate Homes.

Wehave16unitsavailableforrental inAugust.

Wewillincreasetherentalinventory to48byOctober.

Weareworkingcloselywith respectiveHOA’Stoaddadditional unitstoourrentableinventoryas themajorprojectsofbuilding repairsarecompleted.

Togetyourunitsreadyforguest occupancy,weareschedulinga preventivemaintenancewithour engineeringteamandadeepclean withourhousekeepingteam.

Weareworkingtowardsourfinal constructionplanforallunitsthat signedupwiththeIanRestoration Project. Furniturehasbeenordered,allunits havebeeninspectedanddetailed constructionplanswillbeshared individually.

Wearehappytoannounceweare addingtwonewteammembersto ourOwnerRelationsTeam!

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ThankYouforyourpartnershipandworkingdiligentlyingettingyourunitsreadyforguestoccupancy.
RealEstate Sales MichaelO’Donnell
RealEstateSalesUpdate 12 CaptivaRealEstate:January-July 20222023 Residential Listings 1918 Pending 1911 Sold 2011 Daysonmarketuntilsale 12974 Mediansalesprice $5,147,250$2,399,000 Averagesalesprice $5,637,525$2,989,364 Condos Listings 2926 Pending 279 Sold 279 Daysonmarketuntilsale 52117 Mediansalesprice $1,200,000$735,000 Averagesalesprice $1,468,575$941,333 Source: Sanibel&Captiva IslandAssociation ofRealtors
13 SouthSeasSanibelCaptivaProperties,LLC TimbersFLRealEstateCompany,LLC (239)770-1955
MichaelO’Donnell SeniorSalesExecutive JoniStokes BrokerAssociate MartyStokes SalesAssociate
SouthSeas Build-Back& Future Amenities

Build-Back&FutureAmenitiesUpdate

15 CompletedProjects •HurricaneCleanUp •DebrisRemoval •RedfishPassRevetmentRebuild •Lands’EndRoadRepair •Lands’EndGuardrailInstallation •North&SouthMarinaRestoration •BayviewFishingPierReconstruction OngoingProjects •TheClutch(Golf)Reconstruction •BayviewPoolRenovation •SlideRepair&Commissioning •ResortLandscaping PlannedProjects •TheClutchClubhouse(New) •ResortLandscapingBuilding(New) •CPCRenovation •RedfishGrillRenovation •Scoops&Slices(NewLocation) •TheBeachHouse(New) •CaptivaLanding(New) •SouthSeasSpa&Fitness(New) •OwnerRelationsBuilding(New) •ResortServicesBuilding(New)
16 May2023 August2023
CompletedProject–BayviewFishingPier
17 March2023August2023
CompletedProject–RedfishPassRevetment
CompletedProject–RoadRepair&Guardrail 18 June2023August2023

OngoingProject–TheClutch

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OngoingProject–TheClutch

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OngoingProject–TheClutch

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OngoingProject–FutureClubhouse&PuttingCourse

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FutureProject–SiteofClutchClubhouse&PuttingCourse

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FutureProject–ClutchClubhouse

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FutureProject–ClutchClubhouse

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FutureProject–ClutchClubhouse(OceanViewfromClubhouse)

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FutureProject–ClutchClubhouse(ViewfromCourse)

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OngoingProject–BayviewPoolRenovationRendering

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OngoingProject–BayviewPoolRenovation(8/22/2023)

FutureProject–RedfishGrillRenovation

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FutureProject–Scoops&Slices(NewLocation)

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FutureProject–ResortServices

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FutureProject–ClubCaptivaOwnerRelations

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FutureProject–TheBeachHouse

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FutureProject–TheBeachHouse

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FutureProject–CaptivaLanding(RevisedPlan)

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FutureProject–CaptivaLanding

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FutureProject–SouthSeasSpa&Fitness

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