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.
3
ResortOperationsUpdate(Continued)
Engineeringhasaddedacoordinatortoworkwithownerserviceandallvendorstohelpexpediteunitrepairsand maintenanceasrequired.
BayviewFishingPierconstructioniscompleteandwillopenincoordinationwiththerenovatedBayviewpoolcomplex.
SlidePoolattheBayviewpoolcomplexhavebeenrepaired,weareworkingonthefinalpunchlistfortemporary certificateofoccupancy.
Beachofferingdailyresortchair&umbrellaserviceatSunsetBeach.
EastLawnhasbeensetforguestactivitieswithchipandputtinggreen,badmitten,andfrisbeegolf.
FirepitforS’moresnightlyatHarborsideBar&GrillPatio.(AllguestsreceiveaS’moreswelcomegift)
4
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
7
Sales&MarketingUpdate(Continued)
WEHAVEADDEDRESORTUPDATES TOWEBSITETOEDUCATEGUESTSON WHATTOEXPECTUPONARRIVAL.WE ALSOADDEDASOUTHSEAS COMMUNITYINFORMATIONPAGE.
WEWILLBEHOSTINGTHEKICK-OFF OFTHEANNUALISLANDHOPPERS MUSICFESTIVALINCOORDINATION WITHTHELEECOUNTYVCB
THEANNUALISLANDHOPPERSIS SCHEDULEDFORSEPTEMBER22.
WEHOSTOURFIRSTWEDDINGAND GROUPINJANUARY
8
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!
10
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
19
OngoingProject–TheClutch
20
OngoingProject–TheClutch
21
OngoingProject–FutureClubhouse&PuttingCourse
22
FutureProject–SiteofClutchClubhouse&PuttingCourse
23
FutureProject–ClutchClubhouse
24
FutureProject–ClutchClubhouse
25
FutureProject–ClutchClubhouse(OceanViewfromClubhouse)
26
FutureProject–ClutchClubhouse(ViewfromCourse)
27
OngoingProject–BayviewPoolRenovationRendering
28
29
OngoingProject–BayviewPoolRenovation(8/22/2023)
FutureProject–RedfishGrillRenovation
30
FutureProject–Scoops&Slices(NewLocation)
31
FutureProject–ResortServices
32
FutureProject–ClubCaptivaOwnerRelations
33
FutureProject–TheBeachHouse
34
FutureProject–TheBeachHouse
35
FutureProject–CaptivaLanding(RevisedPlan)
36
FutureProject–CaptivaLanding
37
FutureProject–SouthSeasSpa&Fitness
38