If applicable, which exhibit outlines the PIP (Property Improvement Plan) for Camp Margaritaville?
Camp_Margaritaville Franchise · 2025 FDDAnswer from 2025 FDD Document
the Opening Date, Franchisee shall implement those modifications in accordance with the terms herein. Franchisor shall have the right, in its sole discretion, to delay the opening of the Resort if the Design Plans are not approved and implemented pursuant to this Section 2.03.
Section 2.04 Conversion Resorts. If Franchisee converts an existing RV park to a Camp Margaritaville Resort franchise, Franchisee must: (i) renovate the Resort in accordance with the adaptive reuse Property Improvement Plan ("PIP"), as agreed between the Parties and attached as Exhibit C-1, and (ii) the Design Plans must comply with the PIP.
Section 2.05 Technology Improvement Plan.
Source: Item 22 — CONTRACTS (FDD pages 71–72)
What This Means (2025 FDD)
According to Camp Margaritaville's 2025 Franchise Disclosure Document, the Property Improvement Plan (PIP) for franchisees converting an existing RV park to a Camp Margaritaville Resort is outlined in Exhibit C-1. This PIP is agreed upon by both the franchisee and franchisor and dictates the renovations required for the resort's adaptive reuse. The Design Plans for the conversion must also comply with the specifications laid out in the PIP.
Camp Margaritaville also requires a Technology Improvement Plan (TIP) under Exhibit C-2 if the resort being converted already has existing technology systems. This plan ensures that the technology systems are updated to meet Camp Margaritaville's standards.
These plans are crucial for franchisees looking to convert existing properties, as they provide a structured approach to aligning the resort with the Camp Margaritaville brand standards. Franchisees should carefully review these exhibits to understand the full scope of required improvements and associated costs.