Odyssey Resort Portfolio
Odyssey Resort Portfolio
Odyssey Resort Portfolio

"Your access to qualified buyers and your management of the sales process was excellent."

"I want to thank you for your wonderful representation for the sale of my company, Odyssey Development & Resorts.

I know conclusively that this transaction would not have been consummated without your guidance and tutelage along the way.  As expected, there were many twists and turns along the way and your help in navigating those times was critical.  Very important to me, was the fact that you have developed a valuation method for resort properties that makes sense to both buyers and sellers.  Valuations of resort properties has long been very difficult given the uniqueness of resort properties and their ownership structures.  Your legal background was also useful in interpreting the many legal documents involved in the transaction.

Your access to qualified buyers and your management of the sales process was excellent in my opinion.  From the initial listing to transaction close, we were able to accomplish this in approximately 10 months.  This is remarkable given that I had seven different operating entities, each unique and with their varied ownership structures and individual financial statements.

I am most happy to talk with anybody that would like to inquire further about my experience with you and your team."

Robert L. Ryan
CEO/Seller, Odyssey Resorts

"SVN | Northco was an invaluable resource throughout the process."

"We recently acquired a multi-property boutique resort portfolio in a privately negotiated transaction. With such a complex transaction, there are many moving pieces. SVN | Northco was an invaluable resource throughout the process – highly knowledgeable about the market, they did an excellent job maintaining the momentum needed to ultimately close the deal."

T.J. McMillan
CEO/Owner - Blackburn Investment Management

"Your firm was great to work with and your assistance in getting this very complex transaction closed is greatly appreciated."

"It was great working with you on the Odyssey project albeit it was a complex one and it took a village to close the transaction and we got it done. Your firm was great to work with and your assistance in getting this very complex transaction closed is greatly appreciated. Between your experience with Legal, Buyer/Seller all of the Third Parties. We cannot thank you enough."

Bill and Kirk Schultz
Investor/Management Company, Madison Hospitality Group
Cote Family Destinations
Cote Family Destinations
Cote Family Destinations

"We have appreciated the knowledge and sophistication that SVN | Northco has brought to the table."

"We engaged SVN | Northco to assist us with hospitality valuation and some strategic development scenarios with our portfolio. Over the years, SVN | Northco has assisted us with our Lodge, Ranch, Camps, and Golf Courses. Our portfolio has many moving pieces and we have appreciated the knowledge and sophistication that SVN | Northco has brought to the table. We plan to continue working with them for years to come."

Scott Siler
CEO, Cote Family Companies
Bluefin Bay Family of Resorts
Bluefin Bay Family of Resorts
Bluefin Bay Family of Resorts

"I highly recommend the SVN Northco team to anyone considering buying or selling a resort property."

“When I decided to sell the Bluefin Bay Family of Resorts, with which I have been involved since its inception in 1984, I reached out to various industry contacts to seek recommendations on the best broker to use.

SVN Northco was recommended highly and repeatedly so I gave them a call. I met initially with Frank Jermusek and Cameron Peterson, a team soon joined by Edward Rupp. Frank and team proved to be very knowledgeable about the midwestern resort industry. They understand how properties like ours operate, how to value them, and how to best present them to prospective buyers. They provided excellent assistance to me in assembling the necessary information, and put together a very thorough and professional looking presentation on our resorts.

SVN had dozens of inquiries on our property and were very helpful in screening prospective buyers to make sure we spent time only with those with reasonable financial and operating capabilities. We ended up in serious discussions with several buying groups and were able to choose one that we believe will successfully carry on the traditions of quality, hospitality and customer service that have defined the Bluefin Bay Family of Resorts. I highly recommend the SVN Northco team to anyone considering buying or selling a resort property."

Dennis Rysdahl
Owner of Bluefin Bay Family of Resorts, Seller

"SVN Northco was professional and knowledgeable surrounding selling the top tier Minnesota Resort property."

“SVN Northco was professional and knowledgeable surrounding selling the top tier Minnesota Resort property. They were aware of the complexity of a full service property with multiple key stakeholders in the Bluefin Bay family of Resorts community.

They had advised the seller surrounding the needed documentation for the process and that was also very helpful as the succession plan of Bluefin Bay came together. SVN was aware of what this property means to the seller, the guests and the owners at Bluefin Bay and were responsive with our questions as buyers."

Joe Swanson
Partner, BFB Management, Buyer
Lutsen Resort
Lutsen Resort
Lutsen Resort

"We look forward to working with SVN Northco in the future to find us our next acquisition."

We've been working with Frank & Cameron for a few years now. Frank put multiple properties in front of us to look at, took the time to do tours at various resorts within Wisconsin and Minnesota and eventually we found the right fit and are the proud new owners of Lutsen Resort. Frank and his team are knowledgeable and understand the industry they represent. We look forward to working with SVN Northco in the future to find us our next acquisition.

Bryce Campbell
President of North Shore Resort Company & Campbell Hospitality Group, Buyer

"We were very pleased with their depth of experience with Midwest resorts."

"In planning to sell our resort, after 30 years of ownership and operation, I spent significant time on due diligence to define which firm would best help us with that process. We subsequently engaged SVN | Northco. We were very pleased with their depth of experience with Midwest resorts, their professional skills and their marketing reach as they assisted us through a successful sale."

Scott Harrison
Owner of Lutsen Resort, Seller
Ruttger's Bay Lake Lodge
Ruttger's Bay Lake Lodge
Ruttger's Bay Lake Lodge

"Thanks to SVN for guiding Ruttger’s forward for future generations of guests.”

“Because our family owned this property for over 120 years, the idea of selling was hard to imagine. So when Frank Jermusek said interest in resorts was strong, and if there was ever a time, this was it, we didn’t give it much thought at first. But we talked more and eventually decided to work through the process, thinking at least we would learn something from the exercise. In time, with SVN’s guidance, we came to believe that the right buyer would be able to take our resort forward while honoring our tradition and culture.

The SVN team presented Ruttger’s to several buyers privately and came up with two good offers. We felt good about Navigator and signed an agreement. As we approached closing this spring, we had no idea the twists and turns that COVID-19 would create. At times it seemed unlikely we would be able to close at all, but Frank and team guided us through to a successful closing.

Emotions are bittersweet, but I am excited to see Ruttger’s carry on with the improvements and additions that we weren’t able to accomplish on our own. Thanks to SVN for guiding Ruttger’s forward for future generations of guests.”

Chris Ruttger
Previous Owner of Ruttger’s Bay Lake Lodge and Great Grandson of the Founder, Seller

"The entire SVN | Northco team ensured a smooth transaction that has left us with an asset that we couldn’t be happier with."

“We had the pleasure of working with SVN | Northco on the successful acquisition of the historic Ruttger’s Bay Lake Lodge located in the Brainerd Lakes Area in Deerwood, Minnesota.

From the beginning of the transaction until the end, the knowledge and professionalism that the entire SVN | Northco team ensured a smooth transaction that has left us with an asset that we couldn’t be happier with. We are excited to be a part of the legacy that the Ruttger’s family built over the past 122 years. We have worked with SVN | Northco on many transactions over the past 20+ years, and we look forward to our continued partnership!”

Patrick Egan
Principal, 1898 Investments, LLC, Buyer
Four Seasons Island Resort
Four Seasons Island Resort
Four Seasons Island Resort

"We will surely use the services of SVN in the future."

"We recently purchased Four Season’s Island Resort, in Pembine, WI. Frank Jermusek, J.D., of SVN | Northco Real Estate Services, was the selling agent. Frank was responsive to our requests for the information we required to complete our due diligence. His knowledge of the property and expertise in facilitating a successful and timely closing was invaluable to us. We will surely use the services of SVN in the future."

Mark Bodnar
Pembine Hospitality Management, LLC, Buyer
University of St. Thomas - Gainey Conference Center
University of St. Thomas - Gainey Conference Center
University of St. Thomas - Gainey Conference Center

"Thanks to the creativity and expertise of the SVN | Northco team, we ultimately closed a very complex asset sale with great results for all involved."

"Based on the recommendations of people we respected, we engaged SVN | Northco to assist us with the sale of the Gainey Conference Center and Hotel. The Gainey Center was a very unique property with a limited potential market. The University of St. Thomas had used the off-campus center for events and classes over the years, but decided that it was time to sell. The SVN | Northco team was professional, engaging, optimistic and impressive. Thanks to the creativity and expertise of the SVN | Northco team, we ultimately closed a very complex asset sale with great results for all involved."

Mark Vangsgard
Vice President for Business Affairs and CFO for University of St. Thomas, Seller
Wild Eagle Lodge
Wild Eagle Lodge
Wild Eagle Lodge

"I cannot say enough good things about SVN | Northco."

"We entered into an agreement with SVN | Northco to list our management company, the Blue Heron Restaurant and thirty-two condominium units we owned at the Wild Eagle Lodge.

SVN put together a wonderful Investment Memorandum that they sent to individuals and companies throughout the United States. They worked very hard, were quite imaginative, helped with business plans and even banking relationships. They did a spectacular job that ended up with a successful sale that benefited both buyer and seller. I cannot say enough good things about SVN | Northco, Frank Jermusek and his very professional and hard-working staff. I would be very happy to be associated with them again in the future."

Curt Bradley
Owner, Seller
Pine Mountain Resort
Pine Mountain Resort
Pine Mountain Resort

"SVN | Northco Real Estate Services presented us with what turned out to be the perfect property for our objective."

"We were searching for a Resort with the potential to increase revenue through major restoration, modernization and marketing. Frank Jermusek of SVN | Northco Real Estate Services presented us with what turned out to be the perfect property for our objective. Additionally, The SVN | Northco team presented statistics and concepts that gave us the confidence to proceed to purchase Pine Mountain Resort and Timber®Stone Golf in Iron Mountain, MI."

Mark Bodnar
Pine Mountain Operations, LLC & TimberStone® Operations, LLC, Buyer
Gunflint Lodge
Gunflint Lodge
Gunflint Lodge

"SVN | Northco was extremely responsive, professional, efficient, and effective throughout the entire process."

"We engaged SVN | Northco to assist us with the sale of the Gunflint Lodge and Gunflint Outfitters. Our family has owned Gunflint for nearly 100 years, so it was a bittersweet decision to sell this asset. SVN | Northco was extremely responsive, professional, efficient, and effective throughout the entire process. We ultimately closed a very complex asset sale with great results for both the buyer and the seller."

Bruce Kerfoot
Owner, Seller
Superior Shores Resort & Conference Center
Superior Shores Resort & Conference Center
Superior Shores Resort & Conference Center

"We plan to continue working with them for years to come."

"We engaged SVN | Northco to assist us with resort management consulting and valuation analysis on our resort, hotel, and development land on Lake Superior. Our asset has many moving pieces and we have appreciated the knowledge and sophistication that SVN | Northco has brought to the table. We plan to continue working with them for years to come."

Joe Re
Owner, Seller
Timber Creek Golf Course
Timber Creek Golf Course
Timber Creek Golf Course

"The SVN | Northco team was engaged, professional, and ensured a smooth transaction."

"We hired SVN | Northco to assist us with the sale of the Timber Creek Golf Course. SVN | Northco's expertise in the golf business helped us greatly in finding the right buyer and working through a successful closing for all involved. The SVN | Northco team was engaged, professional, and ensured a smooth transaction."

Phil Kotula
Owner, Seller
Clamshell Beach Resort
Clamshell Beach Resort
Clamshell Beach Resort

"SVN | Northco was able to understand and explain all the moving parts to buyers and ultimately close a complex sale for buyer and seller."

“We engaged SVN | Northco to assist us with the sale of Clamshell Beach - the Cottages on Whitefish. Over the course of 23 years, we transformed our resort property to include successful Vacation Rentals, Fractional Ownership, Property Management and Association Management. SVN | Northco was able to understand and explain all the moving parts to buyers and ultimately close a complex sale with a great result for buyer and seller."

David and Lisa Moe
Owners of Clamshell Beach Resort, Seller

"The knowledge and professionalism that the entire SVN | Northco team displayed ensured a smooth transaction that has left us with an asset that we couldn’t be happier with."

“We had the pleasure of working with SVN | Northco on the successful acquisition of the Clamshell Beach Resort in Pequot Lakes, Minnesota located on the Whitefish Chain of Lakes. From start to finish, the knowledge and professionalism that the entire SVN | Northco team displayed ensured a smooth transaction that has left us with an asset that we couldn’t be happier with. We have worked with SVN |Northco on many transactions over the past 20+ years, and we look forward to executing more deals with them in the future."

Patrick Egan
President of Navigator Real Estate, Buyer