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Archive for February 2010

Sol Meliá Vacation Club Wins Gold Crown Award for its Resorts in the Dominican Republic

Feb 18th, 2010 | By Admin | Category: ALL NEWS HEADLINES, Caribbean, Exchange Companies, Other International

Palma de Mallorca (Feb. 18, 2010) — Sol Meliá Vacation Club has received the prestigious Gold Crown award from the RCI Group, the world’s leading timeshare company, representing all of the major hotel companies in the world. The award has gone to the Sol Meliá resorts in the Dominican Republic: Paradisus Palma Real, Paradisus Punta [...]



Vail Mountain Lodge and Spa affiliates with FractionalExchange.com

Feb 18th, 2010 | By Admin | Category: ALL NEWS HEADLINES, Destination Clubs, Fractional, PRCs, Condo Hotels

BEND, OR (February 18, 2010) -– FractionalExchange.com has announced that the Vail Mountain Lodge and Spa in Vail, Colorado has selected FractionalExchange.com for the vacation exchange requirements of its members. The Vail Mountain Lodge joins Rocky Mountain resorts The Hemingways, The Deer Valley Club and The Teton Club in affiliating with FractionalExchange.com
Paul Nabor, Director [...]



SABMiller Announces Hotels and Gaming Merger in South Africa

Feb 18th, 2010 | By Admin | Category: ALL NEWS HEADLINES, Finance, Other International

LONDON and SOUTH AFRICA (Feb. 18, 2010) — SABMiller plc announces that it has agreed to merge Tsogo Sun, its South African hotels and gaming associate, with Gold Reef Resorts Limited, a Johannesburg Stock Exchange listed business with premier gaming assets in five of South Africa’s provinces, through an all-share merger.
The transaction will be [...]



Scoop du Jour: The State of Timeshare, Part 2

Feb 18th, 2010 | By Admin | Category: SPECIAL FEATURES, Scoop du Jour

PUBLISHED EVERY FRIDAY February 18, 2010 — Later in this series we’ll explore that relationship between developers and their marketing/sales reps referenced in Part I, which should be of interest to many reps regardless if they are of employee or I/C status, but for it all to make sense we first need to look further into what is taking place in this economy and how it affects ‘The State Of Timeshare’ (the industry).



Ultimate Escapes Postpones Secondary Public Offering

Feb 17th, 2010 | By Admin | Category: ALL NEWS HEADLINES, Destination Clubs, Fractional, PRCs, Condo Hotels, Finance

Shares to be Suspended from Amex
Shares to Begin Trading on OTC
ORLANDO, FL (Feb 17, 2010)–Ultimate Escapes, Inc. (NYSE Amex: UEI and UEI-WT) (the “Company”), one of the world’s largest luxury destination clubs, today announced that due to difficult market conditions, it has postponed its contemplated secondary public offering of shares of its common stock. [...]



Ragatz Fractional Conference Set For March in San Francisco

Feb 17th, 2010 | By Admin | Category: ALL NEWS HEADLINES, Associations and Events, Destination Clubs, Fractional, PRCs, Condo Hotels

Resort Real Estate Event for the Fractional Interest Industry To Focus on Improving Business Performance in a Transitional Economy
San Francisco, CA (February 17, 2010) -– Registration is now open for the 2010 Ragatz Associates Tenth Annual Fractional Interest Conference, a highly anticipated annual forum which will discuss recent and anticipated influences affecting this unique resort [...]



Silverleaf Announces Extension of $106 Million Senior Credit Facility

Feb 16th, 2010 | By Admin | Category: ALL NEWS HEADLINES, Finance, USA & Canada

DALLAS (Feb. 16, 2010)–Silverleaf Resorts, Inc. (NASDAQ: SVLF) today announced the extension of its receivables-based revolving credit facility with UBS Real Estate Securities Inc. (“UBS”). The facility is set up through Silverleaf’s wholly-owned and fully consolidated special purpose finance subsidiary, Silverleaf Finance IV, LLC (“SF-IV”), a Delaware limited liability company.
The new initial maximum commitment amount [...]



Westgate Resorts Joins Clean the World in an Innovative Program to Recycle Soap

Feb 16th, 2010 | By Admin | Category: ALL NEWS HEADLINES, USA & Canada

ORLANDO, FL–(Feb. 16, 2010) – Westgate Resorts has partnered with Clean the World to recycle all the partially used amenities from their Central Florida hotel rooms. Clean the World sanitizes the soap and shampoo that would have been discarded, ending up in landfills, and distributes these amenities to needy people around the world.
“By joining our [...]



Breckenridge Grand Vacations Fields 7 ARDYs

Feb 16th, 2010 | By Admin | Category: ALL NEWS HEADLINES, Associations and Events, People, SPECIAL FEATURES, The Coffee Club, USA & Canada

-by TS Newshound
BRECKENRIDGE, CO (Feb. 16. 2010) — The ARDA Convention is just around the corner (Las Vegas, March 14-18), and the proud ARDY Silver Award Winner Finalists for 2009 have been announced.
Breckenridge Grand Vacations, the developers of Gold Point Condominiums, Grand Timber Lodge and the Grand Lodge on Peak 7, has six finalists [...]



Holiday Club Resorts, Finland Selects SPI Orange Software

Feb 16th, 2010 | By Admin | Category: ALL NEWS HEADLINES, Design, Refurbishment, Software, Consulting, etc., Other International, USA & Canada

Miami, FL (February 16, 2010) –- SPI Software is pleased to announce that Holiday Club Resorts, one of the largest and fastest growing timeshare companies in Europe has selected SPI Orange Systems enterprise software as its future software technology platform.
According to Vesa Tengman, CEO of Holiday Resorts adds, “Holiday Club is making a substantial [...]