Honey Creek Resort

Honey Creek Resort

CHM Government Services
Asset Management

Iowa Department of Natural Resources

Scope: Asset Management, Contract Oversight, Operations and Financial Management Analysis

Services: Lodging, Golf, Food and Beverage, Marina, Water Park

Issue: Iowa Department of Natural Resources (DNR) needed an Asset Manager to assist them in stemming operating losses and developing a strategy for converting a management agreement to a concession contract.

Process/Outcome: Honey Creek Resort includes a 105-room lodge, 28 cabins, an 18-hole golf course, restaurant and lounge, a marina, and a water park.

Over a six-year period, CHMGS’ Asset Management team worked with Iowa DNR and its hotel management company to transform the operation from a net loss to a positive Net Operating Income growth of over 34 percentage points. CHMGS professionals then supported Iowa DNR in developing a new concession contract deal structure that resulted in additional capital improvements and ongoing stewardship of the resort.

Honey Creek.jpg

Lodge at Pickwick Landing State Park, Lodge at Montgomery Bell State Park

Tennessee State Park Lodge Portfolio