Aviara Resort Properties, a licensed California Real Estate Brokerage, is poised to provide Four Seasons Aviara Residence Club Owners with exceptional, local representation as on-site sales draw to a close.
Carlsbad, CA (February 24, 2010) — In the ongoing arbitration between the Four Seasons hotel management company vs the owner of the 200-acre resort situated in the community of Aviara in South Carlsbad CA, Broadreach Capitol Partners/Maritz, Wolff and Co., continues to stir speculation on various levels. Embroiled in a legal dispute since April of 2009, the two combatants, it would seem, have not yet reached a resolution or at least have not made one publicly known.
In a press release dated May 13th, 2009 the Four Seasons stated “Under the terms of the existing contract with the Owners, Four Seasons has the legal right to manage Four Seasons Resort Aviara until 2087. The management agreement requires that any and all disputes that arise be handled through arbitration. Four Seasons has fully complied with the Owners’ original request to take the dispute to arbitration, and will respect and honor its contractual obligations and the arbitration process.
Four Seasons will remain the manager of the property unless, and until, the arbitration process determines differently. Thus, statements made by the Owners’ lawyers that Four Seasons has been terminated and is trespassing are categorically untrue.”
Neither the Four Seasons nor Broadreach Capitol have made further public comment regarding the matter in recent months.
Four Seasons has managed the Resort since 1997. In that time, the Resort has garnered numerous awards and accolades, including being named to Forbes Traveler’s list of the World’s Top 400 Hotels; named as a AAA Five Diamond Award for nine years running; listed as one of ZAGAT’s Top 50 U.S. Resorts for 2008; and listed on Condé Nast Traveller’s “Gold List” from 1999 to 2009.
Four Seasons, a privately held company, whose owners include Microsoft’s Bill Gates, Prince Al-Waleed bin Talal and Four Seasons founder Isadore Sharp, is a hotel management company that manages some of the most exquisite properties around the world.
Broadreach Capitol Partners, established in 2002, is a real estate investment company with investments of over $2.8 billion.
Caught in the middle, among others, are the three thousand plus timeshare owners who have purchased second home interests at the resort over the past decade plus. The 132-timeshare villas at Four Seasons Aviara are located in two separate villages surrounding the 5-diamond awards hotel. Divided into 52 1-week increments, sales of the timeshares began in 1997 and are drawing to a close as inventory has been consumed.
“The current economic climate has prompted a rise in resale activity for these properties further supporting a need for a local, reputable, licensed and knowledgeable real estate brokerage to assist this group to better understand their options. The Residence Club Owners at Aviara will soon have a local real estate brokerage to assist them with any needs that fall outside of the services afforded by their current Residence Club management.” stated Owner/Broker of Aviara Resort Properties and former Four Seasons Aviara Sales Manager, Steve Lincoln. “When there no longer exists an on-site sales staff at the resort, we feel there will be a need for local assistance to these owners. The opportunity for face to face sales assistance which will no longer be available is exactly what we will provide,” continued Lincoln.
Aviara Resort Properties, located within the Aviara Community, specializes in Residential Home and soon Aviara Residence Club sales. The recent launch of it’s residential brokerage website, www.aviararesortproperties.com, provides general real estate information for the Aviara Community and will soon launch their shared ownership division site, www.aviararesales.com, which will cater to Residence Club owners providing those owners with resale information, emerging exchange opportunities, local events, activities and discounts as well as additional value items. Owners at the Residence Club will want to revisit the site often or may sign up for a monthly newsletter that will be provided free of charge.
For further information contact info(at)877myaviara(dot)com
Aviara Resort Properties
California DRE Lic# 01870580
SOURCE: Aviara Resort Properties