1004 PARKWAY Sevierville TN 37862-4326

Executive Summary

Colliers International South Florida is pleased to offer the opportunity to acquire a 100% fee simple interest in River Plantation, a 306-site Premier RV Resort located in the gateway to The Great Smoky Mountain National Park.

River Plantation, centrally located in Sevierville, Tennessee, is the third largest RV Resort in the Great Smokey Mountain area with excellent design and construction quality (Good Sam rating of 8.5/10/9.5) and customer service that as earned a 4.5 rating among 243 reviews on TripAdvisor and 4.8 rating among 709 reviews on Facebook.

Through adding additional cabins, optimizing rate management, and increases in occupancy River Plantation could result in significant revenue increase in 2019.

Ranked as one of the top vacation destinations, more than ten million visitors have visited the Smoky Mountains every year since 2014. The Great Smoky Mountains National Park is a 800-square-mile mountain wilderness that is America’s most visited national park, roughly triple the number that visit to Yellowstone or Yosemite National Parks.

As one of Tennessee’s top hospitality markets, tourism in Sevier County generates roughly $1.9 billion per year. Weather provides tourists four distinct and mild seasons. The Smoky Mountains draw thousands of tourists to see the flowers bloom in the Spring and the leaves change color in the Fall. In addition, thousands spend the winter holidays with family and friends while the summer months draw millions to the area for its beautiful weather, great accommodations and some of the most popular theme parks and attractions in the country.

River Plantation is a family friendly resort that has several activities for all ages throughout the year. Resort amenities include recreation hall, two pools, hot tub, lazy river, pavilion, playground, excellent bath and laundry facilities, and a large conference center that has accommodated RV groups and rallies. In addition, River

Plantation offers nine cabins for rental and an RV wash service.

Highlights

• Located in Top 4 Tourist Destination
  
• 11,340,000 visitors to Smoky Mountains in 2017
  
• Sevier County generates $1.9 billion in tourism revenues annually
• Located along Highway 441/71, with traffic count exceeding 43,000 per day.
• Highly rated RV Resort by Trip Advisor (4.5/5.0) and Facebook (4.8/5.0)
• 297 full-service sites, 209 RV storage spaces and 9 rental cabins
• 93.5% of revenues generated from April to December.
  
• Opportunity to increase 2018 revenues by 36%.