39711D_A_Realty_1505Catalog_PROOF3-latest - page 11

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AND BID DOCUMENTS CALL 1-800-845-3524
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• Zoning ordinance and land use
code
• Conceptual development plans
prepared by Van Lom Group
Architects on behalf of the seller
• Additional site photos of lodge,
cabins, and property
• Preliminary title report
• Bid Information:
Bid instruction and bid form
Buyer acknowledgement
Purchase and sale agreement
Agency disclosure form
Broker cooperation form
2014 Resort Operations
2014 revenue at Wallowa Lake Lodge
was $535,803, which is an 11%
increase from 2013 revenue. 2014 net
income from resort operations
was 9%. Please see Supplemental
Information Package for 2011 --
2014 financial reports.
Lodge room rentals, and cabin
rentals, during the period of mid-
May to mid-October, was a total
of $382,545, or 75% of total
revenue. 2015 lodge room rates
are from $99 to $180 per night,
and cabin rentals range from
$160 to $255. Detail rates, by
room and by cabin, are provided
in the Supplemental Information
Package. The average daily room
rate at the lodge was $140, and
the average daily room rate for a cabin was $220. Estimated occupancy
during this period is 52% for the lodge and 46% for the cabins.
An additional $128,200 in revenue was from food and alcohol sales. Alcohol was limited to
beer and wine, only.
62% of all food sales were from dinners, and the balance from breakfasts. Lunch is not
offered by the lodge dining room.
Over 97% of all Wallowa Lake Lodge Resort revenue is generated during the period the
lodge is open, which is mid-May to mid-October, with 70% of total revenue occurring from
July through September.
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