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Archive for October 2009

Grand Laguna Beach in Dominican Republic Selects Interval International to

Oct 22nd, 2009 | By Admin | Category: Caribbean, Exchange Companies, New Affiliations

MIAMI, FL, Oct. 22, 2009 — Interval International, a leading global provider of vacation services and an operating segment of Interval Leisure Group (Nasdaq:IILG), announced the addition of Grand Laguna Beach in the Dominican Republic to its vacation exchange network. Currently under construction, the purpose-built, mixed-use resort is being developed by Inversiones Internacionales del Caribe, [...]



Starwood Reports Third Quarter 2009 Results

Oct 22nd, 2009 | By Admin | Category: Finance

WHITE PLAINS, N.Y., Oct 22, 2009 — Starwood Hotels & Resorts Worldwide, Inc. (NYSE: HOT) today reported third quarter 2009 financial results. Third-quarter earnings fell 65% amid slumping revenue per available room, though results topped expectations.
Starwood reported a profit of $40 million for the quarter, or 22 cents a share, down from $113 million, or [...]



Hannah Zulueta Returns to ResortCom International Team as Director of Sales

Oct 22nd, 2009 | By Admin | Category: Miscellaneous News, People, USA & Canada

SAN DIEGO (October 22, 2009) – ResortCom International, which provides resort management, rental, reservations and travel services and financial services to the vacation ownership, fractional and luxury resort industry, has announced Hannah Zulueta as its new director of sales.
Zulueta brings over 12 years of experience in the hospitality industry. She started her career with RCI [...]



Timeshare Owners Kick the Tires before They Purchase

Oct 21st, 2009 | By Admin | Category: Associations and Events, Industry Reports

According to Study Half of Recent Purchasers Rented Timeshare Prior to Buying
Washington, October, 2009 – According to Vacation Timeshare Owners Report, 2009 Edition by the ARDA International Foundation (AIF), recent timeshare purchasers are younger, wealthier and happy with their vacation product. Overall, more than six in ten timeshare owners are age 45 or older, with [...]



Marriott Completes Securitization of Timeshare Loans

Oct 21st, 2009 | By Admin | Category: Finance

BETHESDA, Md., Oct. 21, 2009 — Marriott International, Inc. (NYSE: MAR) today announced the completion of a private placement of Timeshare Loan Backed Notes by Marriott Vacation Club Owner Trust 2009-2. The notes were sold without recourse to Marriott or its affiliates.
The notes have not been and will not be registered under the [...]



Diamond Resorts International® Completes $182 Million Securitization Of Vacation Ownership Receivables

Oct 21st, 2009 | By Admin | Category: Finance, USA & Canada

Las Vegas, NV, October 20, 2009 — DIAMOND RESORTS INTERNATIONAL® (DRI), a global leader in the vacation ownership industry, announced that it has completed a securitization involving the issuance of $182 million of investment-grade rated securities. The issuance was completed through Diamond Resorts Owner Trust 2009-1 and was comprised of “A” and “BBB+” rated vacation [...]



Diamond Resorts International and The Point at Po’ipu Resort Squaring Off

Oct 19th, 2009 | By Admin | Category: Legal Issues, Management, USA & Canada

Kauai, HI, October 20, 2009- Diamond Resorts International is engaged in a pissing match with owners at The Point at Poipu, who want a new management company. According to a series of articles in Kauai’s Garden Island newspaper, they object to many things DRI is doing as Management but the real problem may come down [...]



Update on Grupo Mayan and What They’re Selling

Oct 19th, 2009 | By Admin | Category: Hot Cuppa Joe, Mexico & Latin America

-by TS Newshound-by TS Newshound
October 19, 2009- While many major timeshare companies have been cutting back because of the bad economy, Mexico’s Grupo Mayan, which owns and operates the Vidafel, Paraiso Mazatlan, Paraiso del Mar, Sea Garden, Mayan Palace and Grand Mayan brands, is expanding– and they’re hiring!
The Grupo has changed, though, and some of [...]



Interval Names Bryan Ten Broek SVP Resort Sales And Business Development

Oct 19th, 2009 | By Admin | Category: Exchange Companies, Miscellaneous News, People

Miami, FL, October 19, 2009- Interval International, a leading global provider of vacation services, announced the promotion of Bryan Ten Broek to senior vice president of resort sales and business development. He reports to David Gilbert, executive vice president of resort sales and marketing.
In his new position, Ten Broek oversees the sales and service team [...]



Phuket, Thailand Shared Ownership Market Report

Oct 16th, 2009 | By Admin | Category: Industry Reports, Other International

Phuket, Thailand, October 18, 2009- According to a recent market report released by Bill Barnett, noted industry analyst and Managing Director C9 Hotelworks, shared ownership sales in Phuket represented over THB2 billion for the full year 2008.
Barnett says that with a total customer base of 22,498, the developing industry while still in its early [...]