Holiday Inn Club Vacations Heads West
The three-year-old partnership between IHG and Orange Lake Resorts took a giant step forward last month with the purchase of two additional resorts by Orange Lake. The properties in Las Vegas and Marco Island, FL will become part of Holiday Inn Club Vacations, an alliance launched in late 2008 that marries Orange Lake’s vacation ownership expertise with the brand recognition of Holiday Inn and the marketing muscle of IHG....
Vacation Ownership May Be An Option For Distressed Condo Projects
An ambitious developer builds a whole ownership condo building in Florida. The beachfront property has 60 units. While the developer has purchase contracts with 10% deposits on 50 units, just 20 of the purchasers under contract have closed on their units. The project’s construction loan matures in 120 days, but the developer will be unable to meet the obligation. What are his options?...
Timeshare Executives Stay Positive Despite Business Downturn
Like all developers, timeshare executives like to look on the bright side of things. That was the mood at the annual American Resort Development Association conference, which wrapped up yesterday in the timeshare capital of the world, Orlando. Despite the biggest downturn in the history of the 40-year-old vacation ownership industry, most speakers at the event chose to focus on what they believe is a rosier future for the business....
Fractional Ownership Business Waits for Upturn
It is a humbled, but hopeful fractional segment of the vacation ownership industry that’s gathering this week in San Francisco. The 11th annual Ragatz Associates Fractional Interest Real Estate Conference brings together developers, hoteliers, operators and service providers to chart the future of a business battered in recent years by the economy and a weak lending environment....
‘Bright Light in a Long Tunnel’
The Americas Lodging Investment Summit is the annual bellwether of the industry, setting the tone for the year in lodging. To get an even better understanding of where the hotel world is heading, Lodging Hospitality gathered a roundtable of industry leaders immediately following the conference to discuss their takeaways and to get their thoughts on the year ahead. ...
RCI, Interval Up Ante in Timeshare Business
The two big dogs in the vacation ownership industry—RCI and Interval International—made news this week. RCI introduced a unique enhancement to its RCI Weeks program that gives its members greater transparency and flexibility as they plan vacations using timeshare exchange. ...
