Idea's of buying a Kawartha resort?

[Regan Thompson]

We did a lot of research on this before getting into the industry.

 

I'm not sure exactly how many there are but the number 2,000 comes to mind. I think this is just in Ontario if I'm not mistaken (but could be in Canada).

 

Another interesting stat is that for every resort that hits the market, more than half of them end up being sold as private real estate. Many of these old lodges sit on large expensive pieces of land and the real estate value ends up trumping the business value.

 

A large generation of lodge owners bought resorts 20-30 years ago when they were less expensive. Now these older lodge owners are retiring and their properties are hitting the market.

 

In the next 10 years I predict a substantial decrease in the number of lodges operating.

 

In our area for example, just within the last 10 years it went from 9 lodges to 4, most being sold off as private land and severed in most cases.