Published Every Saturday. BUDDY CAN YA SPARE A DIME? Good old CFI/Westgate is in trouble again.

It hasn’t been a good year for David Siegel and the gang. The economic Big Bang hit them so hard they were forced to put a lot of assets up for sale (including Siegel’s unfinished mansion and the timeshare project across from Disneyland) to raise money. (Read More)

Engages Diamond Resorts for resort management and sales and marketing operations
Las Vegas, NV (September 3, 2010) — ILX Acquisition, Inc., today announced its successful acquisition of a substantial portion of the assets of ILX Resorts Incorporated. ILX Acquisition, Inc. will set in place a plan for the future strategic growth and value of the organization [...]

LAS VEGAS, NV (June 18, 2010) — According to court documents filed this month, ILX Resorts’ January 2010 joint plan of reorganization with its largest creditor, Textron Financial Corporation, has been approved. That means Las Vegas-based Diamond Resorts Corporation, via ILX Acquisitions Inc., is officially the “Proposed Purchaser” of the assets of ILX Resorts. A hearing to set a date for the sale of those assets will take place on July 23, 2010…

Las Vegas, NV, and Phoenix, AZ, January 21, 2010 — On Thursday January 7, 2010 ILX Resorts Inc. stipulated to terms in the U.S. Bankruptcy Court, subject to a contingency period which expired at the close of business on January 12, 2010, which provide that it will file a joint plan of reorganization with its [...]