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Archive for December 2009

California Contractor Selected to Lead ARDA Sub-Committee

Dec 21st, 2009 | By Admin | Category: ALL NEWS HEADLINES, USA & Canada

Santa Rosa, CA, December 21, 2009 — John Farrow, President of Farrow Commercial, has recently been named Lead for the Regulatory sub-content group within the Construction and Design Committee for the American Resort Development Association (ARDA). Farrow will guide the Regulatory sub-content group as it advises ARDA members not only on construction issues but [...]



Carriage Hills Resort Corporation Enters into Distributor Agreement with All Point Solutions Group

Dec 20th, 2009 | By Admin | Category: ALL NEWS HEADLINES, USA & Canada

Barrie, Ontario, Canada, December 20, 2009 – Carriage Hills Resort Corporation, nationally respected vacation ownership developer has contracted All Point Solutions Group to be the lead distributor of intervals in the Carriage Ridge Resort and the Carriage Hills Resort at Horseshoe Valley in Barrie, Ontario, as well as direct memberships in the Shell Vacations Club.
Developed [...]



Planet Hollywood Towers by Westgate Welcomes First Guests

Dec 19th, 2009 | By Admin | Category: ALL NEWS HEADLINES, USA & Canada

-by TS Newshound
Las Vegas, NV, December 19, 2009 — Planet Hollywood Towers by Westgate celebrated its soft opening Friday morning, Dec. 18 by welcoming the first 20 timeshare owners to their new timeshare digs. The tower opened on time for the 200 owners who purchased for the last two weeks of 2009.
An estimated 500 more [...]



Déjà Vu

Dec 18th, 2009 | By Admin | Category: SPECIAL FEATURES, Scoop du Jour

PUBLISHED EVERY FRIDAY December 18, 2010 — When the state of the U.S. economy in the early 70s made it difficult for condo developers to sell full ownership ‘homes in the sky’, mostly in the Southern United States, some savvy developers adopted the popular timeshare model from Europe and began converting their inventory into intervals.



Liberty Bank, Wellington Financial, Lending $10 Million to Smugglers’ Notch Resort

Dec 18th, 2009 | By Admin | Category: ALL NEWS HEADLINES, Finance

Wellington Financial Reveals Details About Liberty Bank’s Loan to Vermont Timeshare Resort Developer
Charlottesville, VA, December 18, 2009 – Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, is pleased to announce the bank has closed a $10 million receivables hypothecation facility with Smugglers’ Notch (www.smuggs.com) in Vermont.
“The facility will be used to finance [...]



Development of New Resort Community in South Okanagan Approved by Osoyoos Indian Band

Dec 17th, 2009 | By Admin | Category: ALL NEWS HEADLINES, Destination Clubs, Fractional, PRCs, Condo Hotels, USA & Canada

OLIVER, BC, December 17, 2009 — In late November members of the Osoyoos Indian Band resoundingly voted in favour of moving ahead with the development of Canyon Desert Golf Resort, a new fractional and whole-ownership resort community on Band lands in the Oliver area of British Columbia, CA. The Land Use Designation Vote had a [...]



Westgate Puts Grenelefe Up For Sale– Again

Dec 16th, 2009 | By Admin | Category: Finance, SPECIAL FEATURES, The Coffee Club

-by TS Newshound
Central Florida, December 16, 2009 — According to published reports, Westgate Resorts’ David Siegel has put the 1,273-acre Grenelefe Golf & Tennis Resort in Haines City on the market again. Marcus & Millichap Real Estate Investment Services listed the Polk County property for sale on Dec. 11.
Siegel purchased the once-famous resort at auction [...]



Interval International Welcomes First Whole Ownership Resort Community in Aruba

Dec 15th, 2009 | By Admin | Category: ALL NEWS HEADLINES, Caribbean, Exchange Companies, New Affiliations

Miami, FL, December 15, 2009 –- Interval International, a leading global provider of vacation services and an operating segment of Interval Leisure Group (Nasdaq:IILG), today announced the addition of Gold Coast Aruba, to its vacation exchange network. The master-planned resort community will feature 270 whole ownership villas and townhouses in the island’s Malmok area. It [...]



Wells Fargo and Wachovia Asset-Based Lending Businesses to Unite as Wells Fargo Capital Finance

Dec 15th, 2009 | By Admin | Category: ALL NEWS HEADLINES, Finance

SAN FRANCISCO, CA, December 15, 2009 — Wells Fargo & Company (NYSE: WFC) announced it will combine its asset-based lending units as Wells Fargo Capital Finance. The new organization will include the business units of Wachovia Capital Finance, Wells Fargo Business Credit, Wells Fargo Foothill, Wells Fargo Retail Finance, and Wells Fargo Trade [...]



RCI Welcomes Solluna Resort in Uttarakhand, India, to Network

Dec 14th, 2009 | By Admin | Category: ALL NEWS HEADLINES, Exchange Companies, New Affiliations, Other International

Bangalore, India, December 14, 2009 —- RCI, the global leader in vacation exchange and one of the Wyndham Worldwide family of companies (NYSE: WYN), has announced an affiliation with The Solluna Resort, situated in India’s largest wildlife sanctuary, Jim Corbett National Park, in Uttarakhand. This new affiliation brings the total number of RCI affiliated resorts [...]