Strong historical occupancy, even
during COVID, as the park serves
employees of the manufacturing
plants, refineries, and Port of Port
Arthur seeking housing. The park
is predominantly comprised of
longer term rentals with nearly
85% of nights stayed at the park
since 2018 from residents staying
longer than 6 months.
– Port Arthur RV Resort is a high quality 134-site RV
community offering residents spacious RV sites with full
hook ups and a complete resort style amenity package.
– Value-add opportunity to expand the total site count. The
County has approved the addition of 18 spots but there
is potential to add another 70-80 spots according to the
owner.
– Amenities include Texas shaped swimming pool,
commercial laundry facility, shower facility, outdoor
pavilion, clubhouse, playground, fitness room, game room,
complimentary wifi and cable TV. The clubhouse, gym, and
laundry facility are all less than a year old.
– The current owner has done the heavy lifting, spending
significant amounts repainting the entire community (spot
markers, street lines, parking spots, etc.) and replacing
an electrical pedestal damaged from a wind storm.
Additionally, the owner recently spent around $21,000
expanding 15 standard RV spots to premium spots. These
premium spots command a $50/month premium over
standard spots.

1. Once a buyer goes non-refundable, Seller is open to implementing a $25 rent increase at the community which would add over $37,000 in annual site rental revenue for a new Owner.
2. In Jan ’21, the Owner added 15 new premium spots to the
community which command an additional $50 in monthly site rent.
Annualized, this would add another $9,000 in site rental revenue if
100% occupied. The Mar ’21 T3 revenue numbers only factor that
income in February and March (not January). We believe this leaves
$750 in future revenue not in the March totals (or $7,500 on an
annualized basis). Please also note that all sites can be converted
from standard to premium spots so significant upside for a new
Owner to increase revenue by making additional conversions.
3. There is also upside for a new Owner to either re-negotiate the
laundry contract or just take it all in house. Currently, the Owner has
a 55%/45% (Owner/Vendor) split and receives around $8k in annual laundry revenue. If taken in house, the revenue should be around $15,000 annually, providing around $6,750 in additional income per year. Our understanding is that the contract terminates upon the sale of the property. Alternatively, the Owner has a replacement vendor bid that would pay an $8k bonus up front to the property.
4. In total, these opportunities would immediately add around $44,250 in annual revenue for a new Owner ($30,000 rent increase + $7,500 premium spots + $6,750 laundry) without factoring in the upside for converted the standard sites to premium sites as noted above or the potential to expand the park.