Resort Lifestyle Communities: What Are They?

Resort-style communities are managed communities with unique amenities near attractions like oceans, lakes, or ski mountains. They come in various shapes and sizes, including golf, luxury communities with spas, five-star restaurants, multigenerational, and retirement communities. These communities are often built by hotel developers to meet the demand for residential properties.

There are pros and cons to living in a resort community, such as lack of diversity, beautiful weather, access to amenities, social scene, high cost of living, and crowded areas. However, resort lifestyle communities are renowned for their beauty, community feel, safety, and abundant amenities. Residents enjoy a variety of independent living services and freedom to spend their days as they choose at 61 locations, including Best of Senior Living Award winners.

Resort lifestyle communities offer customizable living options, including independent living, assisted living, and memory care. These communities provide residents with a high level of luxury, comfort, and recreational amenities similar to those found in vacation resorts. They are defined by thoughtful master planning and design, high-quality amenities and facilities, and integration of commercial and residential elements.

Resort Lifestyle Communities specializes in all-inclusive, resort-style 55 and over senior living communities that make life for residents luxurious. These communities feature amenities inspired by stays at 5-star luxury resort hotels, such as chef-inspired dining. Resort lifestyle communities feature all the comforts and conveniences of community living, lavish accommodations, and groups of like-minded seniors.

Rest Lifestyle Communities is a nationally recognized leader in the senior housing industry known for its innovative and thoughtful approach to the senior housing industry.

What defines a resort?

A frequently visited place or haunt is a community or establishment designed to provide recreation, entertainment, and accommodation, especially to vacationers. The term “expedient” may refer to any device or contrivance used when the usual one is unavailable or not possible. A shift implies a tentative or temporary imperfect expedient. The purpose of the establishment is to cater to vacationers.

What is a resort area?

A resort area is defined as a popular recreational area where a significant number of people gather for leisure activities. These areas are often referred to as “playgrounds” or “vacation spots.”

What is a lifestyle city?

Lifestyle cities are a unique blend of urban and suburban living, offering a smaller, growing, and cost-effective lifestyle. They offer a mix of new homes and vintage restorations, with upscale stores still present in the neighborhoods. These cities combine the beauty of suburban living with the convenience of a major hub, making them an ideal choice for people of all ages. The number of Australians born after 1980 is expected to surpass those born in 1979 and prior, making lifestyle cities an ideal choice for this young, booming group. They provide affordable housing and strong job opportunities, making them an ideal choice for those seeking a more convenient lifestyle.

What industry is lifestyle communities?

Lifestyle Communities Ltd is a publicly-traded company in Victoria, Australia, that oversees the operation of over 50 land leasing facilities. The company’s headquarters are located in South Melbourne. The company is listed on the Australian Securities Exchange under the code LIC. The company’s principal business is the purchase and leasing of land to residents of Victoria who are at least 50 years of age. The company is headquartered in the Australian state of Victoria.

What is a lifestyle village?

Lifestyle villages, also known as residential land lease communities, manufactured home parks, or over 55’s villages, originated from caravan parks and mobile home villages. These accommodations involve residents owning their homes but not the land underneath them. Fees include ongoing maintenance, service, or site fees for occupying the site. The homes are usually manufactured homes or moveable dwellings, but some have immovable homes. Lifestyle villages operate under state-based legislation, different from retirement villages.

What is a resort accommodation?

A resort hotel is a comprehensive lodging facility that offers recreational activities and entertainment, typically located in popular areas like seashores, beaches, historic areas, spas, and ski parks. These hotels operate year-round, offering comprehensive services for couples, friends, and families. They also offer kids’ clubs, shopping, and evening entertainment programs. Room booking and rate plans in resort hotels can be confusing, but there are several options, including the European Plan, Continental Plan, American Plan, and Modified American Plan. These terms help guests make informed decisions about their stay.

Who is the CEO of Lifestyle Communities?

James Kelly, CEO of Lifestyle Communities, has a 21. 67-year tenure and a total yearly compensation of A$1. 10M, including 93. 3 salary and 6. 7 bonuses. He owns 6. 35 of the company’s shares worth A$59. 77M. The average tenure of the management team and board of directors is 2. 5 years and 4. 8 years, respectively. James’s total compensation is below average for similar-sized Australian companies ($1. 14M). However, his compensation has increased by over 20 percent, while company earnings have fallen more than 20 percent in the past year.

What is resort concept?

A resort is a unique destination that offers a comprehensive experience, including accommodations, recreational activities, dining options, and amenities like spas, pools, and entertainment. Unlike standard hotels, resorts focus on providing everything a guest might need during their stay, including entertainment, relaxation, and dining, all in one location. They often feature multiple dining venues, extensive activity options, and luxurious amenities.

The difference between a hotel and resort is that standard hotels offer essential services like rooms, restaurants, and basic amenities. Resorts, on the other hand, offer a holistic experience, providing maximum enjoyment and convenience from arrival to check-out. Activities like golf, skiing, and spa treatments are not typically found in standard hotels. Additionally, resorts tend to have larger properties and more extensive facilities compared to hotels.

Who owns lifestyle communities?

Lifestyle Communities® is an Australian-owned ASX-listed entity, backed by Australian institutions like Australian Super and other super funds. The company offers affordable homes with a weekly site fee, a Deferred Management Fee (DMF), and a Land Lease. The Deferred Management Fee is calculated and benefits include reduced costs, increased affordability, and no hidden costs. Lifestyle Communities® began in the 1980s and continues to provide affordable housing options for people seeking a more affordable lifestyle.

What are the categories of resorts?

The resort industry can be broadly classified into four main categories: golf, beach, island, mountain, ski, and spa. Each of these categories caters to a specific type of guest.

What’s the difference between a resort and a hotel?

The main difference between a hotel and a resort is the amenities provided at the property. Resorts are considered a destination in themselves, offering more grounds and amenities like spas and sports centers. Hotels are simple and comfortable accommodation options, while resorts are spacious and luxurious locations that provide all the necessary amenities for guests’ holiday. Understanding these differences is crucial for property positioning and ensuring a successful stay.