The next video in our SVN Advisor Spotlight series features Kevin Maggiacomo, President and CEO of SVN International Corp. who recently sat down with Mike Fusek, CCIM, Senior Advisor at SVN | Rankin Company, LLC, Deena Zimmerman, Vice President at SVN | Chicago Commercial and Frank Jermusek, JD, President and Managing Director at SVN | Northco Real Estate Services to get their thoughts on different aspects of the SVN Difference.
Properties within the golf course and resorts sector of the commercial real estate industry tend to be more complex to purchase and/or sell. Often times when working with these types of deals, these properties can include numerous restaurants, bars, spas, and timeshares which in turn can cause some major confusion for both the buyer and seller when it comes to trying to calculate their bottom line.
Kevin Maggiacomo, President and CEO of SVN International Corp. discussed with Frank Jermusek the hurdles advisors can face when selling these properties as well as the importance and necessity of using a golf course and resorts specialists when working these types of deals.
The following is an excerpt from a recent SVN Advisor Spotlight Panel. The full video will be released to our Advisor base on The SVN Dashboard shortly.
“A full-service resort is so different than a hotel. A hotel and lodging are part of a resort deal. We have attorneys, accountants, finance and hospitality people that have worked these industries so our approach is really more like a mergers and acquisitions approach.”
-Frank Jermusek, JD, President and Managing Director SVN | Northco Real Estate Services
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