Middletown, CT (August 22, 2013) — Colebrook Financial Company, which provides timeshare receivables financing for timeshare resort developers, announced the closing of a transaction with CLC World Resorts & Hotels, a major European timeshare developer, to finance American purchasers at the company’s first U.S. timeshare project, Encantada Resort in Kissimmee, Florida. In addition to starting sales at Encantada in April of this year, CLC World will soon be selling timeshare at another Orlando area-based resort it is developing, Regal Oaks in Kissimmee, FL.
“We were very impressed with what Club La Costa has accomplished in Europe, and with the caliber of their executive management,” says Colebrook Principal Bill Ryczek. “This is their first fractional venture into the U.S. market. We feel we are a good fit for them because we are willing to start from a small base and grow with a company. We look forward to talking with them about future projects.”
“Colebrook’s principals impressed us with their accessibility and emphasis on building a long-term relationship,” says CLC USA Chief Executive Officer Marty Kandel. “As a European developer, this was crucial to our decision and we are happy to be working with them. We have a unique business model and strategy enabling us to leverage our global marketing opportunities to sell fractional or whole product to both U.S. and European citizens. The results are already very promising.”
About CLC World Resorts & Hotels
CLC World Resorts & Hotels is a leading provider of mixed use holiday products in Europe. The private members’ club that began in 1984 has over 50,000 members and 28 mixed use resorts worldwide, including the UK, Spain, Tenerife, Austria, Turkey, Australia and the USA, as well as the Club La Costa Yacht Club. The company has its own resort management team, a rapidly expanding freehold property division and an in-house travel department serving its members.
About Colebrook Financial Company
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for small and mid-sized developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
Media Contact for Colebrook Financial Company:
Sharon Drechsler-Scott, RRP
[email protected]; 310-923-1269