Middletown, CT (March 19, 2015) — Timeshare development/vacation ownership specialty lender Colebrook Financial Company announced they recently provided financing to enable Vacation Ownership Sales, Inc. (VOS) to acquire 44 one- and two-bedroom condominium units in the Sea Village Resort at Kailua-Kona on the Big Island. The units were acquired for Vacation Internationale (VI), the oldest points-based, multi-site vacation club in North America, which was started in Hawaii in 1974. VOS has been the management and sales company for VI since 2003. The club currently has over 44,000 members and a resort network of over 40 destinations in the US, Canada, and Mexico.
“We are very pleased with our long-term relationship with Colebrook and its ability to help us grow VI over the past ten years,” said Stuart Allen and Mike Vasey, owners of Vacation Ownership Sales.
Allen and Vasey added that the VI owners association had targeted the inventory at the Sea Village Resort for many years as part of its economic sustainability and growth strategy. Hawaii is a much-desired destination for VI owners, and the additional inventory provides more opportunities for owners to visit the islands.
About Colebrook Financial Company
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for 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. www.ColebrookFinancial.com.
About Vacation Ownership Sales, Inc.
Vacation Ownership Sales, Inc. provides management, marketing and sales services to Vacation Internationale, the oldest points-based multi-site vacation club in North America. Based in Bellevue, Washington, VOS and VI have created a uniquely successful business model of a non-profit owner-controlled club working together with a privately held management, marketing and sales company to grow the club more than 25 percent in the past 10 years.
PRESS RELEASE SOURCE: Colebrook Financial Company
Media Contact for Colebrook Financial Company:
Sharon Scott, RRP