Merlin Celebrates 10 Year Anniversary At ARDA Convention
March 11, 2010 by Timeshare & Fractional News · Leave a Comment
Merlin Software for Vacation Ownership is set to celebrate its tenth anniversary at the upcoming American Resort Development Association (ARDA) Convention taking place March 14th-18th at the Venetian Resort Hotel and Casino in Las Vegas.
The software has been developed by industry veteran Mike Pnematicatos who recently celebrated 25 years in the vacation ownership industry as a resort developer and product innovator. Mike said “as an experienced timeshare and fractional developer, I bring considerable knowledge and expertise to the development of this software. I understand the challenges facing resorts and businesses in the industry today”.
Merlin will be exhibiting at the conference at Booth 457 so drop by during the event for a piece of birthday cake and join the celebrations!
Merlin Software provides a complete, single software solution for today’s vacation ownership business. Developed as state of the art Business Application Software, Merlin is the only software available that is intrinsically web-based because it is served over the internet. It is not functionality that has been added as an afterthought. Users access their Merlin accounts securely via a web browser from anywhere, at any time without the need of expensive or complicated hardware installations. Functionality includes the Merlin marketing, sales, front office and back office modules, stand alone exchange facility and website integration.
The technology platform for Merlin consists of a Microsoft SQL Server 2005 database back end with the front end built using Active Server Pages (Browser Front End).
Merlin will be offering demonstrations of its web-based technology throughout the convention in the Chairman’s League Lounge. Those interested in booking a demo can contact Mike Ashton on 646 233 3503 or email him at: mikea@quickmerlin.com. If an online demo is preferred, please visit www.quickmerlin.com/demo
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Email this postSPI Software and Brand Tango Join Forces
March 9, 2010 by Timeshare & Fractional News · Leave a Comment
Timeshare industry leaders, SPI Software and Brand Tango, have joined forces in a strategic relationship that brings together the companies “best in class” solutions for technology, marketing, sales, finance and operations. Both firms are well-known for innovation and have developed strong reputations with leading developers, vacation clubs and resort operators.
As part of the agreement, SPI Software will integrate the Brand Tango timeshare and vacation club marketing system (Previously called “The Tango System”) as part of SPI Orange Software. The new SPI Orange module which has been dubbed “SPI Campaign Manager powered by Brand Tango” will add intuitive web-based functionality and highly flexible campaign management tools to the SPI Orange software Platform.
The new SPI Campaign Manager marketing system provides a powerful set of tools to target campaigns to prospects with pinpoint accuracy, while monitoring the cost, penetration and conversion of marketing efforts.
Matt Brosious, Vice-president of sales for SPI Software comments, “The talented team at Brand Tango continues to provide tools which provide real advantages for timeshare and vacation club developers. We are extremely pleased to be integrating the uniqueness of Brand Tango’s technology into SPI Orange timeshare software. For developers, this is the winning combination of marketing and operational functionality needed to succeed in today’s competitive environment. “
According to Joe Russoniello, President of Brand Tango, “The SPI / Brand Tango agreement represents a transparent, best-practices strategy in bringing the very strongest technology solutions to the industry. We could not be more pleased to have our Tango system integrated into SPI Orange. We know that the resources and expertise that SPI provides its clients will increase exposure for our robust marketing solutions.”
Further, the companies will collaborate on future product and service offerings and have several exciting developments planned, details of which will be provided at a future date.
For more information on the SPI Campaign Manager please contact SPI Software at sales@spisoftware.com or call 305-858-9505.
About SPI Software
Software SPI Software provides developers and operators of vacation ownership (timeshare, fractional, private residence club and others using either traditional or points-based usage strategies) with Microsoft .NET-based software as either an enterprise suite of software called Orange Systems, or in specific modules to handle marketing, sales, property management, finance, maintenance fee and receivables servicing, centralized reservations or Website access operations. Founded in 1978 and based in Miami, FL, SPI can be reached at 305-858-9505, sales@spisoftware.com or www.spisoftware.com.
About Brand Tango
Brand Tango is a comprehensive marketing, design, and technology company with clients in timeshare/real estate/hospitality, consumer products and services, and financial services. Relying on their decades of combined expertise, its principals and staff help clients define and achieve sales goals and return-on-investment objectives by addressing integrated marketing needs in an efficient, unbiased, and knowledgeable manner with a solid, multi-faceted, results-oriented strategy
To view examples of Brand Tango’s recent work, visit www.brand-tango.com For More Information Contact: Joe Russoniello at Brand Tango 954-295-7879.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Forget Silver Or Gold…RCI Goes Platinum For Its Points Members
March 9, 2010 by Timeshare & Fractional News · Leave a Comment
From priority access on specialty inventory to upgraded accommodations – the world’s largest points exchange program takes it to the next level
RCI, the global leader in vacation exchange today announced its plan to launch RCI Points PlatinumSM membership, a new premium membership and the latest enhancement to its successful RCI Points® program, that will offer exclusive exchange and lifestyle benefits to subscribing members.
“RCI launched its groundbreaking global Points exchange product in 2000 and it’s been the fastest growing Points exchange program in the world ever since,” said Geoff Ballotti, CEO, RCI. “Our members seek unique access and expanded benefits and the RCI Points Platinum membership provides just that – offering exclusive member deals and access to a phenomenal selection of member benefits and services. For our valued affiliates, this new membership provides a meaningful differentiator at the point of sale, reinforcing RCI Points as the most proven, comprehensive and flexible exchange membership available in the industry today while becoming more relevant in their owners’ daily life.”
RCI Points Platinum will offer its members exclusive “first look” exchange access to specially acquired inventory around the world at upscale properties in highly sought after vacation destinations. “Members that have looked for an exchange in New York or London may have found few options because the demand may have been higher than supply. To help, RCI acquires millions of dollars of upscale hotel and condominium inventory in dozens of highly demanded vacation and city destinations every year. We will expand this program and provide our RCI Points Platinum members with a first look at this inventory for exchange,” Ballotti added.
RCI Points Platinum will also provide members with free unit upgrades based on availability providing even more room to relax and Cash Back rewards for various RCI transactions. In addition to these extremely exciting advancements in exchange, RCI plans to extend unique lifestyle benefits to RCI Points Platinum members that will include advance access to popular Broadway style theater experiences including select opportunities to attend pre-launch and producer shows. For the golf and ski connoisseur, RCI Points Platinum members will receive preferred pricing or discounts of up to 50 percent at thousands of golf courses and dozens of the most popular ski mountains in North America. Taking the member experience further than ever before, RCI Points Platinum plans to extend other significant savings benefits of up to 50 percent on spa experiences and much, much more allowing RCI Points Platinum members to get more out of their vacation experience.
“As the inventor of the vacation exchange business, we’re always looking to develop fresh new ideas that will improve our members’ experiences and exceed the expectations of our affiliates,” said Ballotti. “The RCI Points Platinum membership brings terrific new benefits to the RCI Points program. We’re excited to be able to give our members what they’ve asked for from a status and access standpoint, with dozens of lifestyle benefits included that we’ll continue to add to going forward. We’re really just getting started.”
RCI plans to launch the RCI Points Platinum membership in the United States and Canada with other regions to follow. Member benefits may vary in other regions.
About RCI
RCI is part of Wyndham Exchange and Rentals, the worldwide leader in vacation exchange and the European leader in vacation rentals, with exclusive access for specified periods to more than 65,000 vacation properties in approximately 100 countries. Wyndham Exchange and Rentals is comprised of vacation exchange, including RCI, the worldwide leader in vacation exchange and provider of travel services to businesses and consumers and The Registry Collection program, the world’s largest luxury exchange program; vacation rentals, including Endless Vacation Rentals, Landal GreenParks®, Novasol®, and other renowned vacation rental brands, through which vacationers can rent a variety of property types, from city apartments to villas; and NorthCourse® Leisure Real Estate Solutions, a research and consultancy firm providing advisory services to the global leisure real estate industry. Wyndham Worldwide Corporation is one of the world’s largest hospitality companies with leading brands in lodging franchising, vacation ownership, vacation rentals and vacation exchange.
For additional information visit www.wyndhamer.com or the media center of www.wyndhamworldwide.com.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
2009 Was A Record Year Announces Welk Resorts
March 8, 2010 by Timeshare & Fractional News · Leave a Comment
Vacation ownership resort company, Welk Resorts, announces record-high numbers for 2009….expectations for 2010 and coming decade are high.
Welk Resorts reported having record sales in 2009 of the Welk Resorts Platinum Program – a multi-resort, points-based, vacation ownership program. Welk Resorts President Jonathan Fredricks says, “Despite a rough economic year for many in the timeshare resort industry, we found that adhering to our core competency in providing an excellent product at affordable prices helped us achieve over $72 million in net revenue with strong sales efficiencies, beating our budget by over 15 percent.”
“We believe our focus on remaining profitable in our sales and marketing departments, rather than developing a dependence on earnings from the finance side of the business, is a principle reason for our success,” added Don Dubin, who directs the company’s sales and marketing activities. “We’ve also concentrated on retaining a consistent, excellent and well-trained staff, many of whom have been with us for more than two decades. Welk Resorts has a well-deserved reputation for integrity and honesty; and this is the way we perform throughout the organization.”
Welk recently opened its seventh property, Sirena del Mar, in Los Cabos – a 222-unit, luxury project, situated on a seven-acre, seaside expanse overlooking the Sea of Cortez and anticipates adding to their inventory mix substantially in the coming year.
“The prospects for continued top sales results are excellent,” adds Dubin. “Thankfully, Welk Resorts has a lot of marketing momentum going right now and we plan to capitalize on that.”
About Welk Resorts
Welk Resorts offers high-quality accommodations and top-rated service at popular destinations, such as San Diego; Palm Desert, California; Maui and Branson, Missouri and serves over 40,000 families. Welk Resorts has a unique face-to-face marketing platform from which it generates guest tours and leads, with over 50 sports franchise, retail, fairs and events alliance locations in Southern California, including Staples Center, Knott’s Berry Farm, San Diego Padres, LA Dodgers, the San Diego Chargers, Live Nation and the San Diego County Fair. Welk Resorts has presold approximately 70 percent of the points in this phase at Sirena Del Mar, which is part of the Welk Resorts multi-site club system, Welk Resorts Platinum Program. Points backed by Sirena Del Mar resort intervals are available at Welk’s four preview center locations in Mexico, Missouri and California. Welk Resorts Platinum Program members and Interval International exchange guests will be able to use their points to enjoy Sirena del Mar or any of the company’s six other timeshare resorts.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
New Web-Based Timeshare Software To Be Announced At ARDA Convention
March 6, 2010 by Timeshare & Fractional News · Leave a Comment
Timeshare software technology leaders, SPI Software, recently said they plan to unveil new web 2.0 initiatives during the upcoming convention being held by the American Resort Development Association (ARDA). SPI is a sponsor and exhibitor at the ARDA gathering taking place March 14th-18th at the Venetian Resort Hotel and Casino in Las Vegas.
As part of the company’s OrangeWeb package, the new web-based modules continue to leverage SPI’s Microsoft.NET technology platform. The latest modules to be announced will provide Web-based functionality that assist timeshare resorts to handle owner servicing, reservations, marketing and sales.
Matt Brosious, Vice-president of sales and marketing for SPI adds, “We are very excited to unveil OrangeWeb and to answer the industry need for an integrated web strategy. There is really no longer any need to develop expensive custom web-based timeshare software. We are particularly pleased with the enthusiastic reception OrangeWeb has garnered from our clients and prospects. “
During the ARDA Convention, SPI will be providing demonstrations of how its new Orange Software enables timeshare resorts and vacation clubs to effectively manage all facets of operations with efficiency and economy. Interested parties are encouraged to reserve a demo appointment by calling Brosious at 1-305-858-9595. SPI is located at ARDA booth #343.
About SPI Software
SPI Software provides developers and operators of vacation ownership (timeshare, fractional, private residence club and others using either traditional or points-based usage strategies) with Microsoft .NET-based software as either an enterprise suite of software called Orange Systems, or in specific modules to handle marketing, sales, property management, finance, maintenance fee and receivables servicing, centralized reservations or Website access operations. Founded in 1978 and based in Miami, FL, SPI can be reached at 305-858-9505, sales@spiinc.com or www.spisoftware.com.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Vasant Prabhu Named Vice Chairman By Starwood Hotels & Resorts
March 6, 2010 by Timeshare & Fractional News · Leave a Comment
Hotel Giant’s Longtime Chief Financial Officer Recognized for Impact and Contribution to the Company
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today that the company has named its Chief Financial Officer, Vasant Prabhu, Vice Chairman, in recognition of his extraordinary contributions to the company. Starwood’s President and Chief Executive Officer, Frits van Paasschen, made the announcement following the company’s recent Board of Directors meeting.
“Vasant’s leadership and strategic vision were in sharp relief in 2009 as Starwood navigated the toughest year our industry has endured since the Great Depression,” said van Paasschen. “His efforts and collaboration ensured that Starwood did not just survive the global economic crisis, but actually emerged stronger, with our financial house in order, well poised to take advantage of opportunities we expect will arise.”
According to van Paasschen, the company significantly cut costs in 2009, raised over $1.6 billion in cash from a broad range of transactions, reduced its debt by over $1 billion and paid down debt maturities from 2010 through 2013.
Prabhu, whose new title is Vice Chairman and Chief Financial Officer, will continue to report to van Paasschen. In his new role, he is not a member of the Company’s Board of Directors.
Prabhu, 50, joined Starwood in 2003. Prior to joining Starwood, he served as Executive Vice President and Chief Financial Officer for Safeway Inc., one of North America’s largest food retailers. He also served as President of Information and Media Group for The McGraw Hill Companies and Senior Vice President of Finance and Chief Financial Officer for Pepsi Cola International where he was responsible for the company’s franchise and owned operations in more than 100 countries.
Prabhu holds an M.B.A. in Marketing and Finance from the University of Chicago and a B.S. in Engineering from the Indian Institute of Technology in Bombay, India. He and his family reside in Greenwich, Connecticut.
About Starwood Hotels & Worldwide, Inc.
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with more than 960 properties in approximately 97 countries and 145,000 employees at its owned and managed properties. Starwood Hotels is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis(R), The Luxury Collection(R), W(R), Westin(R), Le Méridien(R), Sheraton(R), Four Points(R) by Sheraton, and the recently launched AloftSM, and ElementSM. Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
The Shared Ownership Industry Gets A Little Friendlier!
March 4, 2010 by Timeshare & Fractional News · Leave a Comment
PerspectiveForums.com reports more than 2,000 friend requests served in first two weeks.
Perspective Magazine, the shared ownership industry’s leading trade publication recently launched the first standalone social networking platform dedicated to the timeshare and fractional ownership industry, combining the most popular features of Facebook, Twitter and LinkedIn all on one website.
From initial promotion only, the site has already attracted in excess of 600 registered users, who have generated more than 75,000 page views and issued more than 2,000 friend requests over the past fortnight, with word of mouth now growing the site exponentially each day.
The site was created to encourage timeshare and fractional developers, marketers and suppliers to network more efficiently, thereby creating opportunities for new collaborations, strategic partnerships and extending client portfolios.
What makes this site standout, apart from its vast array of features, is its leverage of Perspective Magazine’s readership which exceeds 22,000 registered industry professionals around the globe who are currently being invited to register free on the website.
“We’ve had a lot of feedback from users of the website, all of it positive and it has started well, but there are still quite a few additional features to roll out yet – such as an iPhone App, but due to the complexity of the site we have a few weeks still to wait for this. The marketing for the site has only just started – by the end of March we expect to have the largest social media group of industry professionals available online, and then we’ll only be at about 10% of the expected number of registered users for the coming months.” Said Paul Mattimoe, President & CEO of Perspective International.
To join Perspective Forums simply visit www.perspectiveforums.com
For more information about Perspective Magazine (Trade), Owners Perspective Magazine (Consumer) and advertising and editorial opportunities visit www.perspectiverates.com
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Corporate Members Continue To Be Retained By WIN (Women in the Industry)
March 3, 2010 by Timeshare & Fractional News · Leave a Comment
Marriott And Bluegreen Report High Value In Organization
Women in the Industry (WIN) is pleased to announce two more of its initial corporate members have recommitted to another year of support. As a founding benefactor and sponsor of WIN’s recent Florida Regional Meeting, Marriott Vacation Club International (MVCI) has re-enlisted as a champion of the two-year old non-profit organization.
“We are impressed that WIN has kept many our key industry employees engaged and productive during these tenuous times,” said Lani Kane-Hanan, Sr. Vice President at MCVI. “We support the concept of diversity that WIN so enthusiastically promotes, but as importantly we’ve seen some concrete benefits such as educational and training sessions held by the organization.”
Bluegreen Corporation, which also sponsored the WIN Florida event, has signed up once again as a corporate patron for 2010. “The WIN group accomplished so much at a grass roots level in the past two years that we are proud to be established as one of its growing roster of corporate members. Its education committee is formulating an impressive platform of research studies which will give us a body of knowledge to improve our product and the way it is marketed over the next few years,” said John M. Maloney, Jr, President and CEO.
Women in the Industry (WIN) advocates, educates and connects women in the vacation industry. It is a dynamic, diverse, non-partisan global organization providing leadership, mentoring, philanthropic and educational opportunities to women and those who support women; connecting members locally, regionally, nationally and internationally.
The group will also hold their annual networking event during the annual American Resort and Development Association (ARDA) Convention in Las Vegas on March 16th from 5:30-7:30 at the Double Helix at the Venetian Resort.
For more information about becoming a sponsor, individual or corporate member of WIN, call Cathy Backus at 858.344.2139.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
VacationGuard® Announces Plan Upgrades And Simplification For Vacation Owners
March 3, 2010 by Timeshare & Fractional News · Leave a Comment
VacationGuard Inc. has introduced new plan enhancements for its travel protection product offerings. VacationGuard is the leading provider of customized travel protection plans for timeshare owners. The company’s travel insurance is specifically designed to cover timeshare owners in case of financial loss when their vacation plans are altered or cancelled by illness, weather, accidents or delays.
VacationGuard has simplified the purchasing process by eliminating the need to upgrade plans for additional premium. The company’s new offerings incorporate numerous upgrades into its core plans, dramatically improving benefits, without increasing pricing. New plan benefits automatically extend some benefits for cruise exchange, frequent flier re-deposit fees, and other out-of-pocket expenses associated with a timeshare vacation. The result is simplicity of choice and significant savings.
“Life has gotten complex, which is why we wanted to simplify the process of buying timeshare travel protection. Our goal is to deliver products unmatched in quality and value. “said Brian Rock, VacationGuard’s Vice President. “VacationGuard insurance contains costs, and that keeps owners happy.”
Available through a proprietary system at http://www.vacationguard.com, or via qualifying distributors, VacationGuard is underwritten by Nationwide, representing the strongest financial security possible.
VacationGuard is designed for the unique needs of timeshare owners. The company’s products were the first to cover a range of items in one policy, including medical costs, trip delays or cancellations, maintenance dues, property damage, and now upgrades. Consumers purchase VacationGuard annually, not per-trip, as they do with other travel insurance products. The consumer benefits because there is no longer any need for expensive multiple travel insurance purchases, or upgrade fees.
VacationGuard Inc. is a Seattle-based insurance firm with over 30 years experience developing products covering hospitality risks for travel consumers, timeshare developers and operators, hoteliers and others in the rapidly growing hospitality, travel and tourism industries.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
C.A.R.E. Holds Annual 1st Quarter Board Of Directors Meeting
March 3, 2010 by Timeshare & Fractional News · Leave a Comment
Finalizes 2010 Strategic Plan, Selects 2010 Richard Gallardo Award Winner, and Finalizes Plan for 50th Semi-Annual Conference
The Cooperative Association of Resort Exchangers (C.A.R.E.) held its annual 1st Quarter Board of Directors’ meeting from January 29-January 31, 2010.
The annual meeting hosted by Global Connections, Inc. at their Beso del Sol Resort, Dunedin, FL, was attended by the entire C.A.R.E. Board of Directors including Jeanette Bunn, Vice President, Dave Dawson, Vice President, Vicki DiFabio, Treasurer, Tina Hill, Vice President, Linda Mayhugh, Vice President, Deborah Sansom, Secretary, James Wehrle, Vice President, Debbie Westby, Vice President, and Bonnie Kosco, Immediate Past President. The purpose of the meeting was to review and finalize all committee actions and plans for 2010.
According to Dave Dawson, “As a first term Board Member I was amazed at the amount of work that transpired and the teambuilding that was accomplished during the three day meeting. Global Connections, Inc. was pleased to be able to provide the setting for this important gathering of the C.A.R.E. Board.”
C.A.R.E.’s Strategic Planning Committee formulated the 2010 Strategic Plan. The plan identifies external and internal operating environments that affect C.A.R.E. and the resulting strengths, weaknesses, opportunities as well as the threats facing the organization. After evaluating this information, the committee established goals, objectives and strategies, and developed an action plan. The action plan was presented to the Board of Directors and accepted.
Final details for C.A.R.E.’s Silver and Gold Conference to be held in New Orleans, LA from April 24-27, 2010 were also discussed. Special preparations are underway to celebrate C.A.R.E.’s 50th Conference and 25th year at the Hilton New Orleans St. Charles. Past Board Members, Richard Gallardo and Pinnacle Award recipients are invited to attend the conference in celebration of the special occasion.
The Board of Directors also selected the 2010 recipient of the Richard Gallardo Award which will be presented at C.A.R.E.’s Silver and Gold Conference. The award was created in honor of Richard Gallardo, husband of C.A.R.E.’s first President, Kathleen Gallardo, who tirelessly served C.A.R.E. in numerous capacities for many years and is given in recognition of outstanding volunteer service to C.A.R.E.
C.A.R.E. is a non-profit trade association established in 1985 with members in the U.S.A., Canada, Mexico, Europe and Australia. The association offers over 2,500 vacation properties and member companies’ service over a million travelers annually. Resort developers and service companies, property management companies, homeowners associations, rental and exchange organizations, and travel clubs engaged in the vacation industry whose goal is to offer the tools to provide outstanding vacation services while remaining committed to the highest standards and ethics are C.A.R.E. member companies.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Increase In Asset-Backed Securities Signifies Robust Recovery For Timeshare Market
March 3, 2010 by Timeshare & Fractional News · Leave a Comment
Standard & Poor’s Report Bullish on Timeshare
Despite the recession, timeshare asset-backed securities (ABS) is one of the few asset classes demonstrating a renewed level of investor demand and resilient credit performance according to a recent Standard & Poor’s analysis. In addition, Fitch Ratings found that total ABS delinquencies fell compared to the same period last year for the first year-over-year improvement since August, 2007.
Issuance of ABS based on timeshares passed the one billion dollar mark in 2009 with more than two-thirds being in the fourth quarter. Ratings performance was solid, in part because timeshare note structuring offers sufficient credit enhancement to absorb multiples of the historical default levels. As a result, developers such as Marriott, Wyndham, Diamond Resorts, Bluegreen and Starwood have issued new term securitization and sold them to the capital markets in 2009.
“This is another indicator that our market is resilient and that recovery has begun,” said Howard Nusbaum, president and CEO of the American Resort Developments Association (ARDA). “The increase in delinquencies and defaults in the sector since September 2008 has been relatively modest especially when compared to other ABS classes, and we believe preliminary signs indicate that the worst is over.”
Credit enhancements such as subordination, over collateralization, reserves, excess spread, and triggers explain in part why the timeshare asset class has weathered the downturn relatively well. To date, Standard & Poor’s has not downgraded a single tranche of timeshare ABS securities issued since 2000.
“Thus far in this recession, credit enhancement in timeshare ABS transactions has been adequate, in our opinion, to counter the impact of economic and sector downturns,” says David Wyss, Standard & Poor’s chief economist. “If this performance outlasts the downturn, there is reason to believe that the upswing in new issuance should continue. It is also possible that issuance could again include smaller developers who, before this downturn, had access to the ABS capital market.”
About ARDA
The American Resort Development Association is the Washington D.C.-based professional association representing the vacation ownership and resort development industries. Established in 1969, ARDA today has over 1,000 members ranging from privately held firms to publicly traded companies and international corporations with expertise in shared ownership interests in leisure real estate. The membership also includes timeshare owner associations (HOAs), resort management companies, and owners through the ARDA Resort Owners Coalition (ARDA-ROC). Visit ARDA’s consumer website at www.VacationBetter.org.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Tough Economy Creates Alliances To Boost Recreational Property Sales
March 2, 2010 by Timeshare & Fractional News · Leave a Comment
Parkside Victoria Resort & Spa and Epic Real Estate Solutions Inc. Announce Strategic Partnership.
Sales of condominiums and other primary residential properties in British Columbia have been brisk for the past few months, but sales of recreational property are just beginning to recover in early 2010.
Parkside Victoria Resort & Spa in Victoria, BC, recognizes that strategically aligning itself with a specialty real estate sales group will boost sales of its fractional interest real estate. As a result, the $60 million resort hotel has partnered with Kelowna-based Epic Real Estate Solutions Inc.
“We believe our fractional interest residences will be a great fit for Epic’s large database of customers who are looking for alternatives to the expense of whole ownership recreational homes,” says Jim Pearson, Director, Parkside Project Inc.
“Our customers have clearly told us that they want to own a vacation getaway that makes financial sense, where their usage matches the cost of ownership” says Mark West, President of Epic Real Estate Solutions, Inc.
Parkside is a sustainable resort hotel, as well as Canada’s first resort hotel targeting LEED® Platinum Certification for sustainable development and design. The Leadership in Energy and Environmental Design (LEED®) Green Building Rating System and principles of sustainability means a greater connection to the surrounding community and a higher level of environmental health and comfort for Parkside’s guests.
Says Pearson, “Fractional ownership at its essence is green. Instead of typical vacation homes that sit empty for much of the year, our suites are shared. Owners effectively reduce their carbon footprint by sharing amenities and energy usage.”
Featuring world-class amenities including AquaTerre Spa, a private 29-seat movie theatre, Penthouse City Club Lounge and a 25-metre indoor pool, Parkside Victoria Resort & Spa is the only urban resort hotel of its kind offering an exceptional accommodation guest experience and affordable, flexible second home ownership in the heart of downtown Victoria, BC, Canada. For information, go to www.parksidelifestyle.com.
Epic Real Estate Solutions is a Lifestyle Real Estate project marketing and sales brokerage that specializes in creating integrated marketing & sales programs for resort and urban new home communities.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Substantial Growth Experienced In 2009 By Equity Estates And An Even Stronger 2010 Projected
March 2, 2010 by Timeshare & Fractional News · Leave a Comment
Luxury residence fund posts overall growth of 40 percent, ends year with 30 vacation residences for owner members
Equity Estates www.equityestatesfund.com, the largest and fastest growing luxury residence fund in the country, announced today that the company posted significant gains in 2009, both in terms of new owner members and residences. Equity Estates’ owner members grew by 40 percent in 2009, and the company went from having seven homes at the beginning of the year to 30 homes available by the end of 2009.
“I think our growth is extraordinary given that 2009 represented not only the largest downturn ever in the sector, but perhaps the worst overall year in recent economic history,” said Adam Capes, co-founder of Equity Estates. “Our success is a testament to our unique model and our commitment to creating outstanding vacation experiences.”
Equity Estates added more than 30 owner member families representing 21 full membership equivalents, an overall growth of more than 40%. Much of this growth came in the last quarter of 2009, with the company adding seven new owner members during that time. In addition, one fourth of those new owner members were previously members of other destination clubs, further evidence of Equity Estates’ model being the best in the sector.
The company added handsomely to its residence portfolio in 2009 as well. Last year Equity Estates spent over $8 million on the purchase of two trophy residences in Hilton Head, South Carolina, and Telluride, Colorado. A strategic alliance formed with the largest residence fund in Europe, The Hideaways Club, allowed Equity Estates to become the largest global portfolio of residences available in the U.S. through an equity-based model. The portfolio now has 30 properties in 23 destinations and spans 13 countries.
Equity Estates also managed to reduce leverage in 2009 to below 20% of total assets, and expects to be debt-free by the end of 2010. They also are the only company in the industry that does not currently have anyone trying to get out—a zero person resignation list. Overall, the luxury residence fund could not be in a better position.
“We ended 2009, a perilous year for many, at the top of the industry in regards to performance and yet see endless opportunities for success in 2010 and beyond,” said Philip Mekelburg, co-founder of Equity Estates. “Our growth this past year shows that we are not only the most successful organization in the luxury second home alternative industry, but by far the model that most appeals to savvy buyers.”
About Equity Estates
Equity Estates is a luxury residence fund designed to offer spectacular homes and outstanding vacation experiences in addition to a real estate investment opportunity. Membership is structured as an equity interest in the fund that owns the vacation homes and offers use of these residences, in addition to appreciation when the homes are sold. Strict covenants on use of proceeds, financial transparency including an annual audit, strong management and a commitment to service are hallmarks of this fast-growing company. Founded by managing members wanting to offer all the benefits of second home ownership with none of the hassles, Equity Estates is the smartest way to own and enjoy luxury vacation homes around the world. For more information visit www.equityestatesfund.com or call (800) 413-3340. For media inquiries, please contact Alana Morris at Alana@vocapr.com or (303) 962.9163.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Top Sales Performers To Be Recognized By Holiday Inn Club Vacations At Annual Sales Award Gala
March 2, 2010 by Timeshare & Fractional News · Leave a Comment
Multi-platinum entertainers to create “A Night with the Masters” at House of Blues in Orlando
Holiday Inn Club Vacations, the timeshare brand created as a strategic alliance between IHG (InterContinental Hotels Group), the world’s largest hotel group, and timeshare industry leader Orange Lake Resorts, is celebrating another record-breaking year by recognizing their top sales consultants at their annual, invitation-only Sales Awards Gala. The event takes place on Thursday, March 11th at House of Blues in Orlando’s Downtown Disney.
The theme for the awards celebration is aptly named “A Night with the Masters,” a dual tribute, first to the elite class of sales consultants who will be recognized for their success, and also to the collaboration of multi-platinum artists who will take the stage as the night’s entertainment. Performers from 70’s and 80’s rock and pop sensation bands including Deep Purple, Orleans, Loverboy, John Cafferty and the Beaver Brown Band and Survivor will play the hits of the decades on the House of Blues stage.
This year’s sales awards gala is certainly cause to celebrate for the Holiday Inn Club Vacations team, who’ve continued to enjoy tremendous growth, despite the odds in a down economy.
John Sutherland, Senior Vice President of Sales for Holiday Inn Club Vacations and 20-year industry veteran, says “Right now, the theme for our sales team is ‘off the charts.’ Our annual net sales numbers have continued to increase year over year, and this year we’ll see 13,000 more tours as a result of our new marketing channels. And, we’re still hiring top industry sales consultants in what we expect to be our best year yet.”
Holiday Inn Club Vacations has already hired more than 350 employees year to date across their resorts and have 100 open positions at their Orlando, Fla. location and 30 open positions in Myrtle Beach, S.C. They’re currently seeking experienced sales consultants at both resorts.
For more information on career opportunities with Holiday Inn Club Vacations, contact Carolyn Argo at 407.905.1456.
About Holiday Inn Club Vacations
Holiday Inn Club Vacations was created in September 2008 as a strategic alliance between IHG, the world’s largest hotel company, and Orange Lake Resorts, a leader within the timeshare industry with more than 25 years of proven success. Holiday Inn Club Vacation’s flagship property in Orlando, located next to Walt Disney World® Resort, was established in 1982 by Holiday Inn founder Kemmons Wilson. A 1,450-acre golf, water park and sports resort, Holiday Inn Club Vacations at Orange Lake Resort includes 2,478 villas and plans for expansion to 4,500 villas. Other member resort locations include Lake Geneva, Wis., Panama City, Fla. Brownsville, Vt., Myrtle Beach, S.C., and Gatlinburg, Tenn.
Through IHG’s guest loyalty program, Priority Club® Rewards, guests renting villas will earn Priority Club points during their stays at Holiday Inn Club Vacations, which they can redeem for free nights at IHG properties or exchange for merchandise and special experiences. Holiday Inn Club members enjoy access to Holiday Inn Club Vacations resorts and IHG’s network of more than 4,400 hotels worldwide. Holiday Inn Club Vacations will continue to expand their Member Resorts to top North American destination locations. For more information on Holiday Inn Club Vacations, visit www.hiclubvacations.com.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Guy Hall Promoted To Newly Formed Position Of Area Manager By Grand Pacific Resort Management
March 2, 2010 by Timeshare & Fractional News · Leave a Comment
Grand Pacific Resort Management, a privately owned timeshare vacation ownership management company located in Carlsbad, CA has promoted Guy Hall to the newly created position of Area Manager. In this new role, Guy will be responsible for the day to day operations at Carlsbad Seapointe Resort as well as have direct oversight of Coronado Beach Resort.
According to Nigel Lobo, Vice President of Grand Pacific Resort Management, “As General Manager at Carlsbad Seapointe, Guy has taken the resort to new heights, both in occupancy as well as guest satisfaction, once again earning RCI Gold Crown status for the resort.
He has mentored and developed a solid team with the ’all hands on deck’ resort credo the Seapointe team developed and has consistently implemented creative programs and activities.”
In addition to new role as Area Manager, Guy Hall will play a key role in identifying acquisition and management contract candidates to add to Grand Pacific Resort Management portfolio of resorts.
Grand Pacific Resort Management is one of the oldest and largest vacation ownership companies based in California. Servicing over 45,000 owner-families every year, it manages over 1,000 units in California and Hawaii. For more information visit www.gprmgt.com or call Sharrie McIntosh at 760-431-8500.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Groundbreaking New Technologies To Be Showcased By TimeShareWare During The ARDA Convention In Las Vegas
March 2, 2010 by Timeshare & Fractional News · Leave a Comment
TimeShareWare has announced they will attend the American Resort Development Association (ARDA) Convention and Exposition in Las Vegas from March 14-18 and will exhibit exciting new technologies based on their advanced platform architecture and best-of-breed resort business practices.
Allen Rice, Chief Marketing Officer of TimeShareWare said, “We’re really looking forward to this year’s convention. We will be unveiling some exciting new technologies and demonstrating a wide variety of web services including online guest check-in, pre-designed owner website features, PDA accessible executive dashboards, one-stop rental reservation self-booking, express check-in kiosks, client customization apps, and our ever-popular MORE toolbars. We have always found ARDA a great way to network and meet with our customers and prospective clients. It gives us a chance to spend one-on-one time with resort professionals and executives.”
Timo Jones, President and CEO of TimeShareWare said, “ARDA has become an important tradition for our Company. We look forward each year to meeting with our valued clients and getting to know new friends who are eager to learn about our products. Our advanced technology and superior software systems serve as the foundation for exceptional resorts throughout the world. The ARDA convention is a great opportunity each year to showcase our new software advances.”
The convention will take place at the Venetian Resort Hotel Casino and will feature over 2,000 timeshare enthusiasts from around the world. This will be TimeShareWare’s 17th appearance at ARDA since it first attended back in 1993.
About TimeShareWare & CondotelWare:
TimeShareWare provides the most advanced resort technology in the industry and has created a state-of-the-art software platform to provide best-of-breed, superior software solutions to shared-ownership, mixed use resorts around the world. Since 1993, TimeShareWare serves all sizes and types of vacation ownership associations, fractional ownership properties, and timeshare resorts including multi-site, single-site, and points-based clubs. The advanced technology provides critical functionality to the Vacation Ownership, Vacation Club, and Vacation Rentals industries. The TimeShareWare software platform includes solutions for lead and tour management, contract processing, sales and marketing, owner accounting, loan servicing, property management, reservations, and web-based owner servicing.
CondotelWare is the first full-service software solution designed specifically for condominium residences and hotels. The software helps owners and operators master all aspects of condo-hotel/residence management and administration, including owner accounting, billing, rental rotation, inventory management, reservations, owner relations, reporting, and more.
For more about TimeShareWare, please visit their websites at: www.timeshareware.com
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
SPI Software Implemented At Sheraton Buganvilias Resort, Puerto Vallarta, Mexico
March 2, 2010 by Timeshare & Fractional News · Leave a Comment
Sheraton Buganvilia's Director José Luis Toca
Director José Luis Toca of Sheraton Buganvilias, in Puerto Vallarta, Mexico, Sheraton Buganvilias recently commented on their implementation of SPI Orange software for managing their successful timeshare resort.
The resort occupies a prime location on a beach facing Banderas Bay, within walking distance from the downtown tourist center. The property has 478 timeshare units, which are decorated in a light, contemporary Mexican style, with full kitchens and gorgeous views of the ocean from floor-to-ceiling windows. As one of the property’s owners, José Luis has overall responsibility for the timeshare sales and marketing, plus management of the project’s 500 hotel rooms, its convention center, meeting rooms, spa, retail space and other amenities.
We asked José Luis a few questions about how the software has helped his business:
Q. Can you tell us how SPI’s software helps you close in-house tours?
A. “SPI’s system gives me all the information about my clients/members, such as when they purchased, what vacation ownership package they bought, who booked the tour, who was the liner and closer and which OPC location produced the original tour. My software allows me to enter comments and follow up on a non-processed deal, so we can follow up and close it.
“In summary, SPI’s software gives me all the information I need to follow up on a deal and to figure out what to offer a client, prior to their arrival, based on what they already own, what they earn, their vacation preferences and so on.”
Q. Can you think of any examples of how SPI helps you save money?
A. “Sure! In the past, my previous system didn’t show me whether a tour, or prospective member, had already attended a presentation. So, existing members or previous tours could be coming to the presentation and accepting gifts, even though they were unqualified. Using SPI’s system, that cannot happen, now.
“Plus, this system shows me which off-premises contact (OPC) location is giving me the most sales. It tracks which closer is doing better and with which type of tours. “
Q. What is the single biggest benefit of having SPI software in your estimation?
A. “We have access to all the information we need in real-time. So, we can make offers and close deals immediately, plus keep all the follow up details.”
According to Matt Brosious, vice-president of sales and marketing for SPI, “With SPI Orange Software, Sheraton Buganvilias Resort now has access to important information immediately throughout their company. And the cost of supporting the SPI system is far less than the proprietary system they had developed before making the move to SPI.”
About SPI Software
SPI Software provides developers and operators of vacation ownership (timeshare, fractional, private residence club and others using either traditional or points-based usage strategies) with Microsoft .NET-based software as either an enterprise suite of software called Orange Systems, or in specific modules to handle marketing, sales, property management, finance, maintenance fee and receivables servicing, centralized reservations or Website access operations. Founded in 1978 and based in Miami, FL, SPI can be reached at 305-858-9505, mailto:sales@spisoftware.com or www.spisoftware.com.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Exclusive Resorts® Targets Membership Growth In Latin America
March 1, 2010 by Timeshare & Fractional News · Leave a Comment
Industry Leader Partners with The Americas Group to Help Reach More Prospective Members
Exclusive Resorts, the world’s leading luxury destination club, today announced it is working with the prestigious consulting firm The Americas Group to increase awareness of its unique membership offerings among affluent families in Latin America.
A private club with Revolution LLC Founder and AOL Co-Founder Steve Case as its Chairman, Exclusive Resorts offers members access to a portfolio of hundreds of luxury residences in dozens of the most desirable vacation destinations in the world. Members also enjoy distinctive personalized service on every trip, access to world-class resort amenities such as private beach clubs and spas, and a welcoming community of fellow successful members and their families.
As the clear leader in the destination club market, Exclusive Resorts has exceeded 90% in member satisfaction with club travel for seven consecutive years. Current club destinations include Peninsula Papagayo, Costa Rica; Grand Cayman, Cayman Islands; Puerto Vallarta and Los Cabos, Mexico; Miami, Florida; New York, New York; London; and Paris, among many other luxury destinations.
Exclusive Resorts membership is structured similarly to a country club, requiring a one-time Membership Fee (75% refundable) and Annual Dues. Flexible membership plans allow members to choose how many days per year they want to travel with the club, from 10 days up to 60 days per year. All members enjoy access to the club’s entire portfolio of luxury residences. With a current Annual Dues rate of $995 (US) per day, Exclusive Resorts membership offers great luxury, flexibility and value to affluent travelers in Latin America.
With 38 years of deep involvement and ongoing presence in Central and South America, paired with a comprehensive understanding of the preferences of affluent travelers from the region, The Americas Group will provide strategic assistance to Exclusive Resorts’ program to reach greater numbers of prospective members in Latin America. The Americas Group brings a team of world-class experts, as well as a Board of Advisors with unprecedented experience and standing in the region. Board members include former President of Costa Rica José María Figueres, former President of Colombia Andrés Pastrana Arango, former United States Senator Bob Kerrey, former Brazilian Ambassador to the United States and Court of St. James Rubens Antonio Barbosa, and former U.S. Ambassador to Mexico Jeffrey Davidow.
“The Americas Group is the pre-eminent U.S.-based consulting and marketing firm focused on Latin America, with unmatched credibility,” said Jeff Potter, Chief Executive Officer of Exclusive Resorts. “We are excited to begin leveraging their deep expertise in the region, to create efficient channels for adding new club members throughout Latin America.”
“Exclusive Resorts has set the standard for the luxury destination club space for seven years, creating a unique way for families and friends to travel together using elegant multi-room villas and cosmopolitan residences that is simply better than any alternative,” said Howard Glicken, Founder, Chairman and Chief Executive Officer of The Americas Group. “We look forward to working with them to showcase their outstanding destinations, service and amenities in this exciting market.”
About Exclusive Resorts
“There’s No Place Like Together.” The world’s leading luxury destination club, Exclusive Resorts is committed to providing its members with rich and rewarding vacations shared with family and friends. Exclusive Resorts combines the best of luxury resorts with the spaciousness and elegance of private residences, offering its members hundreds of homes in dozens of the most sought-after vacation destinations, along with access to world-class resort amenities and exceptional personalized service. Additionally, the club offers its members a variety of unique, private Once in a Lifetime experiences, taking them to fascinating destinations in more than 25 countries on all seven continents. Exclusive Resorts has delivered more than 100,000 vacations to its more than 3,000 members, and has a real estate portfolio valued at over $1 billion. The Denver-based club was founded in 2002 and began providing vacations in 2003. For more information, visit www.exclusiveresorts.com, call (800) 447-8988, and follow Exclusive Resorts on Facebook and Twitter.
About The Americas Group
The Americas Group (“TAG”) is a consulting, marketing and merchant banking firm focusing its activities on Latin America, Mexico and the Caribbean. The Company develops Latin American market entry strategies for U.S. companies and United States market entry strategies for Latin American companies, and then assists them in executing the strategies through a variety of business arrangements, including partnerships with TAG. For more information, visit www.theamericasgroup.net.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Real Deal For Triton Timeshare Software
March 1, 2010 by Timeshare & Fractional News · Leave a Comment
Award Winning Software Company Signs RAL Properties
Triton Timeshare Software, a Sarasota-based technology solutions provider, has announced that RAL Resort Property Management, Inc. a family owned and operated independent management company located in Fort Myers, Florida has signed on to use Triton’s Property Management System for its six resorts. Specializing in sales and rentals on Fort Myers Beach, and Sanibel Island, RAL Resort Property Management, Inc. provides service to the owners, renters, and exchangers on a personalized basis.
Triton’s integrated software suite will be used at RAL’s managed properties Estero Island Beach Club, Tropical Sands Resort, Island Tower Resort and Sales & Rentals Kahlua Beach Club (Ft. Meyers, FL), Surfrider Beach Club (Sanibel Island) and Petit Crest Villas (Big Canoe, GA).
“Triton lived up to its promise of timely installation,” says John Shaw, CEO of Resort Operations for RAL. “We were up and running, faster than ever and all data conversions were smooth and easy. Our next move with Triton is to work with them on implementing the online rental and sales component of their software.”
According to Delaina Probus-Staley, President of Triton, “we find that we’re developing a reputation for speed and efficiency in implementing our software systems, no matter the size of the organization. That being said, our reporting abilities are what keep our clients particularly happy. We run the gamut from online and Palm/Pocket PC Reporting to simple reporting tools with Excel Integration. Some of our clients demand individual reports and these are easily attainable via our Tracking System.”
In addition to property management, Triton Timeshare Software also offers award-winning Sales and Marketing software which includes lead tracking, marketing management, payroll and forecasting tools, to name a few. The company is one of the very few to offer customized Condotel Software as well.
Triton, founded in 1997 under the name Sarasota Software Solutions, is used by such resorts as Tropic Shores, Daytona Bch, FL and The Galleon (Key West), Scottsdale Camelback Resorts (Scottsdale, AZ), Whiski Jack Resorts (Whistler, Canada), Magens Point (St. Thomas) and the Goodmanagement, (New Port News, VA) to name a few. In addition to RAL Resorts, Triton recently signed Emerald Island Condominiums (Hot Springs, AK) and Bayan Resort (Key West). For more information visit the web site at www.timesharesoftware.com .
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
La Amistad Foundation Selects Winter Park Construction For Construction Of Dormitories And Health Center
March 1, 2010 by Timeshare & Fractional News · Leave a Comment
Jeff Forrest, President, Winter Park Construction
Winter Park Construction (WPC), one of Central Florida’s largest and most respected general contractors, has recently been selected by the La Amistad Foundation to handle the demolition and construction of three dormitory buildings and a new health center for their Lakewood Center in Fern Park, Florida.
The foundation owns and operates Lakewood Center, a long-term residential treatment center for adults with chronic mental illness, including schizophrenia, bipolar disorder, autism and depression. The 15-acre campus is located in Fern Park, just north of Maitland in the Orlando area. Residents enjoy a safe, supportive environment in dormitory style residences and apartment homes. The private, non-profit program is home for 48 adults with chronic mental illness.
The six-month project will include the construction of 25 new dormitory units as well as a total new health center with completion expected in July 2010. The four buildings will be single story wood frame construction with Hardi siding exteriors. The health center features offices for the staff as well as conference rooms, clinic, medication and exam rooms for the residents.
In announcing the new contract, Jeff Forrest, President of Winter Park Construction,
(WPC) added that Shawn Maes has been named Project Manager/Superintendent for the project. He has been with WPC for 13 years.
Because the site is small, there is only one access point that must be used for both residents and construction vehicles. Residents living on property will be in close proximity to the demolition of several buildings. Winter Park Construction will ensure that there is limited inconvenience to residents during this time by implementing a boundary monitor system that will ensure that the residents continue to have free access to the majority of the site during construction while providing the highest safety as possible.
Commented Helen Booth, President and CEO of La Amistad Foundation, “We feel fortunate to have WPC do this very special project. The reasons they have earned their stellar reputation are already apparent as they have already far exceeded our expectations. They have turned up the notch on safety as they work around our very vulnerable population. WPC’s employees display professionalism and warmth. They are very responsive and immediately made our staff feel part of their team, communicating concerns and presenting ideas. The quality of WPC’s work is already evidenced by the work on the Activity Center. We know what it feels like to be on Extreme Makeover! Now our residents will enjoy their beautiful new Activity Center as the construction work goes on around them.”
Founded in 1974, Winter Park Construction specializes in the renovation, multi-family, hospitality, commercial, student housing, and senior living markets. WPC has completed projects all over the United States and, Mexico.
The Orlando Business Journal has ranked Winter Park Construction one of Central Florida’s largest local construction/general contractor companies. With revenues exceeding $200 million, Winter Park Construction has completed over one billion square feet of construction work including over 10,000 timeshare units and 30,000 units in the multi-family sectors. Over 40% of the operations staff with management responsibilities are LEED accredited.
For more information, visit www.wpc.com.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
RCI Signs Two Year Advertising Deal With Perspective Magazine & Owners Perspective Magazine
March 1, 2010 by Timeshare & Fractional News · Leave a Comment
Perspective International is proud to announce a two year advertising agreement was signed recently with RCI, the global leader in vacation exchange and one of the Wyndham Worldwide family of companies (NYSE:WYN) for its leading independent timeshare and fractional trade and consumer publications.
Dimitris Manikis, Vice President of Business Development, RCI
“The experience and understanding of the shared vacation ownership industry that Paul and Sharon Mattimoe have ensures that Perspective and Owners Perspective Magazines represent a very good information source for our industry and its consumers. Continued innovation, online growth and strong market reach are Perspective International’s key success factors and why they represent great opportunities for both existing businesses and new entrants within the industry. It is for these reasons that RCI is happy to continue its support of Perspective International” Says Dimitris Manikis, Vice President of Business Development, RCI.
The new agreement extends and enforces the relationship between RCI and the publications that have grown rapidly since being introduced to the industry.
“I am delighted to have continued support from RCI for both our consumer and trade publications, both of which are about to have further significant growth in 2010, with Perspective Magazine announcing regional versions and Owners Perspective Magazine continuing to win distribution deals with major brands outside of the industry and increasing its effect on consumer perception. RCI’s teams both in Europe and United States have been incredibly supportive for the past few years and a new two year deal helps us to continue to forge ahead with the confidence that we are delivering value and results.” Says Paul Mattimoe, CEO of Perspective International.
About Perspective Magazine
Perspective Magazine, which was first published in 2005, became the largest independent monthly publication globally for the shared ownership industry in 2008 and recently has begun its expansion program to deliver regional versions which concentrate in even more detail on issues directly relating to the marketplace in those areas. The first to launch was a North America Edition, with a South Africa Edition planned for launch in July 2010. Visit http://www.perspectivemagazine.com for more information.
About Owners Perspective Magazine
Owners Perspective Magazine is the only consumer publication for the shared ownership industry available to the general public via first class airport lounges worldwide, selected hotels, resorts, golf clubs and spas and individual print and online subscriptions. Its main focus is educating prospective buyers on the benefits of shared ownership products. Visit http://www.ownersperspective.com for more information
About RCI
RCI is part of Wyndham Exchange and Rentals, the worldwide leader in vacation exchange and the European leader in vacation rentals, with exclusive access for specified periods to more than 73,000 vacation properties in approximately 100 countries. Wyndham Exchange and Rentals is comprised of vacation exchange, including RCI, the worldwide leader in vacation exchange and provider of travel services to businesses and consumers and The Registry Collection program, the world’s largest luxury exchange program; vacation rentals, including Endless Vacation Rentals, Landal GreenParks®, Novasol®, and other renowned vacation rental brands, through which vacationers can rent a variety of property types, from city apartments to villas; and NorthCourse® Leisure Real Estate Solutions, an international leader in providing a full spectrum of advisory, research, and asset management services. Wyndham Worldwide Corporation is one of the world’s largest hospitality companies with leading brands in lodging franchising, vacation ownership, vacation rentals and vacation exchange. For additional information visit www.grouprci.com or the media center of www.wyndhamworldwide.com.
For additional information on the services offered to developers by RCI and how they can add potential value to leisure real estate projects, visit www.grouprci.com.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Perspective International Sponsors C.A.R.E.’s 50th Semi-Annual Conference
February 26, 2010 by Timeshare & Fractional News · Leave a Comment
C.A.R.E. (Cooperative Association of Resort Exchangers) is pleased to announce that Perspective International Ltd is a media sponsor of its 50th Semi-Annual Conference, which will be held April 24 through 27,2010, at the Hilton New Orleans/St. Charles Avenue in New Orleans, Louisiana.
“In these trying economic times a nonprofit organization such as the Cooperative Association of Resort Exchangers, C.A.R.E., must consider every tool available to spread its message,” says Alain Carr, president of C.A.R.E. “Perspective International, a C.A.R.E. media sponsor, provides our association with advertising opportunities to remind current members of the value of belonging to C.A.R.E. and to inform potential new members of the benefits of membership. C.A.R.E. and its members benefit from advertising in Perspective International by keeping our association at the forefront of the vacation travel industry.”
This 50th semi-annual conference will offer powerful sessions with motivational and informative speakers ready to share their wisdom and insight. Those attending event will not only get to experience one of the U.S.’s most desired vacation destinations, but they also will get to meet up with numerous industry suppliers and purchasers. This is a don’t-miss opportunity to re-connect with old associates and even develop new relationships to provide the tools needed to succeed in this ever-changing, multifaceted, vacation industry.
“Perspective is delighted to be a media sponsor for this conference,” says Paul Mattimoe, president and CEO of Perspective International Ltd. “C.A.R.E. nicely fills a niche in the shared-ownership industry that serves resort developers and, ultimately, owners of vacation interests.”
The Hilton New Orleans St. Charles is located in the heart of the New Orleans Central Business District, three blocks from Canal Street and blocks from the world-famous French Quarter and Bourbon Street. The landmark building was originally built in 1926 as the Masonic Temple and was the second high-rise building to be constructed in the Central Business District. It has undergone an $11 million renovation and has re-emerged as the newest upscale, premier hotel experience in the Crescent City.
For room reservations, call: 1-888-490-6547 or 1-504-524-8890.
About Perspective International Ltd
Perspective International Ltd is an award-winning leader in cross media marketing/advertising for the timeshare and fractional ownership industry, dedicated to catering for the individual needs of your brand, product, service, clients, customers and employees through a suite of unique publications, websites and services.
For more information, call 1-407-792-2343 or visit www.perspectiverates.com.
About C.A.R.E
C.A.R.E. is a trade association established in 1985 by representatives of timeshare resorts who found that by exchanging vacation inventory among themselves, they were better able to satisfy their owners with increased vacation opportunities. Today, member companies are also able to utilize inventory and generate revenue through wholesale rentals while continuing to offer expanded exchange and fulfillment options.
C.A.R.E. is not an exchange company, it does not own or control inventory or guarantee fulfillment of travel requests, and/or rental or sale of any type of inventory, service or product. C.A.R.E. provides a networking platform that offers the tools for individual business enhancement while requiring its Member companies to adhere to its Code of Standards and Ethics.
C.A.R.E. member companies currently offer 2500 vacation properties and service approximately one million vacation owners and members. C.A.R.E. is an international organization, with members throughout the United States, Canada, Mexico, Europe and Australia.
Visit C.A.R.E. online at www.care-online.org for information about membership and upcoming conferences.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Perspective Magazine North America Launches As Largest And Yet Most Inexpensive Trade Publication
February 25, 2010 by Timeshare & Fractional News · Leave a Comment
Perspective Magazine, the leading monthly timeshare and fractional ownership business publication which has been in circulation since 2005 as a global edition, recently announced that it would create a series of regional titles to more closely concentrate specific issues relating to each marketplace around the world. The first of these publications to be launched is a North America edition.
Perspective Magazine North America, which focuses on USA, Canada, Mexico & Caribbean regions, was launched this week with a reach of more than 12,000 print and online subscribers making it the largest monthly publication in the region from inception.
“We had most of our readership already from the global edition, but were pleased to reach our target of 7,000+ individual print subscribers before launch and are still looking to increase this to around the 10,000 mark across the rest of 2010.” Said Paul Mattimoe, CEO, OP Media LLC and Perspective International. “But the real story here is that we’ve been able to adjust and reduce our standard advertising rates to less than all other industry publications, even though our monthly reach in some cases is far higher – and we are very pleased we were able to negotiate this and pass on the benefits to our clients”.
Through a strategic regionalizing of content, Perspective Magazine has been able to increase the number of magazine titles it produces and increase circulation and distribution for each in such as way that it has been able to restructure its pricing into a Win Win situation for both publisher and clients.
In addition, Perspective Magazine North America continues the Perspective tradition of offering a wealth of online advertising and social media coverage free of charge to its premium advertisers.
The first edition of Perspective Magazine North America is available to view online at http://www.perspectivemagazine.com/na and industry professionals can request a free print subscription from the website. This edition is also available to all delegates at the upcoming ARDA Convention & Expo in Las Vegas in March (http://www.arda.org).
For more information on advertising and editorial opportunities visit http://www.perspectiverates.com or call +1 407 792 2343 or email advertising@perspectiveinternational.com
About Perspective Magazine
Now available in two versions, Perspective Magazine continues to grow at a rapid pace, maintaining its lead as the largest independent trade publication for the shared ownership industry and continues to pioneer and push boundaries with technology, distribution channels and communication tools. Perspective Magazine is also available online, provides the latest news headlines updated daily and now hosts the industry’s only standalone social networking platform which combines all of the most popular features of Facebook, LinkedIn and Twitter to encourage more communication within the industry.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Raintree Vacation Club Partners With TimeShareWare For Sales & Marketing And Club Functionality
February 25, 2010 by Timeshare & Fractional News · Leave a Comment
Raintree Vacation Club, with 21 resorts in the Western US, Western Canada, and Mexico and over 50,000 Members/owners worldwide, recently contracted with TimeShareWare to add enterprise-wide Sales & Marketing and Club functionality to their existing TSW software platform.
Raintree is now using the entire breadth and depth of the TimeShareWare Enterprise platform for property management, owner contract management, reservations management, accounts receivable, front desk operations, housekeeping, maintenance, sales and marketing, and club management. TimeShareWare is replacing the existing RCC software at Raintree Vacation Club.
John Berger, Senior Vice President of Raintree Vacation Club, said TimeShareWare Enterprise provides everything Raintree needs. “TimeShareWare provides the technology platform we need to connect all of our functions together - from tours, contracts, club and reservations, to front desk and property level activities. It also gives us the ability to track and analyze the activity of our Members, and then, anticipate and deliver on their desires. It is the customer connection we’ve been looking for, not only to improve efficiency on our part, but to provide a superior level of customer satisfaction for our Members.”
Cheryn Pollard, Director of Marketing Communications at Raintree Vacation Club, says “Our primary objective is to consistently enhance our Members’ lives by providing extraordinary vacation experiences. Having everything on the TimeShareWare platform will allow our Raintree Vacation Guides to focus on the needs of our Members instead of our internal procedures. We have a sophisticated Club and this will be a big win for our Members.”
Candace Vigil, Business Development Manager for TimeShareWare commented, “We are delighted that Raintree Vacation Club has chosen to include sales and marketing and club management with their existing TimeShareWare modules. TimeShareWare’s advanced technology will provide the flexibility they need to expand products and services while maintaining the high level of customer service their Members have come to expect.”
Allen Rice, Chief Marketing Officer of TimeShareWare, says, “We are very pleased with the tremendous partnering relationship that we share with Raintree. We are confident that our technology platform will help Raintree Vacation Club to achieve even greater levels of success. We have always been impressed with the quality and professionalism of the Raintree team and how committed they are to the customers they serve.”
About Raintree Resorts and Raintree Vacation Club
Raintree Resorts is a unique blend of club, resort, and hotel hospitality, balancing cosmopolitan flair with local flavor to create a defining experience in select vacation destinations. Raintree Vacation Club currently offers primarily condominium-style rental and membership accommodations in select resorts in the U.S., Mexico, and Canada.
For more information on Raintree Resorts, please visit their website at www.raintreeresorts.com
About TimeShareWare & CondotelWare:
TimeShareWare provides the most advanced resort technology in the industry and has created a state-of-the-art software platform to provide best-of-breed, superior software solutions to shared-ownership, mixed use resorts around the world. Since 1993, TimeShareWare serves all sizes and types of vacation ownership associations, fractional ownership properties, and timeshare resorts including multi-site, single-site, and points-based clubs. The advanced technology provides critical functionality to the Vacation Ownership, Vacation Club, and Vacation Rentals industries. The TimeShareWare software platform includes solutions for lead and tour management, contract processing, sales and marketing, owner accounting, loan servicing, property management, reservations, and web-based owner servicing.
CondotelWare is the first full-service software solution designed specifically for condominium residences and hotels. The software helps owners and operators master all aspects of condo-hotel/residence management and administration, including owner accounting, billing, rental rotation, inventory management, reservations, owner relations, reporting, and more.
For more about TimeShareWare, please visit their websites at: www.timeshareware.com
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Sol Melia Vacation Club Joins The Registry Collection
February 25, 2010 by Timeshare & Fractional News · Leave a Comment
Dominican Republic and Canary Island resorts become part of elite group
Sol Meliá Vacation Club (SMVC), an international vacation membership club with locations in the Caribbean, Mexico, Central America and Europe, has joined The Registry Collection®, the world’s largest luxury exchange program including luxury fractional, whole ownership, private residence club, high-end timeshare, villas and manors, luxury cruises, yachts and private jets. Sol Meliá Vacation Club at The Reserve at Palma Real and The Reserve at Paradisus Punta Cana, both in Punta Cana, Dominican Republic, and Sol Meliá Vacation Club at Gran Meliá Palacio de Isora in Tenerife, Canary Islands, Spain, now have the prestigious “by invitation only” affiliation with The Registry Collection.
“It’s an honor for us to have these three distinguished resorts meet the high standards of affiliation with The Registry Collection,” said Denis Ebrill, Sol Meliá Vacation Club’s Executive Vice President. “We also are very excited that its gives our Members access to high-end exchange experiences within an elite portfolio.
Sol Meliá Vacation Club is an internationally-branded membership club focusing on leisure lifestyle experiences that include exotic destinations, designer-appointed luxury suites, exclusive services and unforgettable amenities. Each Sol Meliá Vacation Club vacation experience is different from the other, aligned with local culture and customized to fit Members’ leisure lifestyle needs.
Orlando, Florida based Sol Meliá Vacation Club is part of Spain-based Sol Meliá Hotels & Resorts, a 50-year-old international hospitality company with over 350 hotels in 30 countries on five continents. Sol Meliá Vacation Club Members have more vacation lifestyle options through global luxury accommodations in a variety of unique resort and urban destinations around the world, as well as flexibility to choose length of stay, season and size of unit. Featured Sol Meliá Vacation Club locations include Cancun, Cozumel and Puerto Vallarta in Mexico; Puerto Rico and Punta Cana, Dominican Republic in the Caribbean; Panama in Central America; and the Canary Islands, Spain, in Europe. For more information, call 866-379-5950, or visit www.smvc.com.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
Starwood Hotels & Resorts Goes Live With Global TelePresence Meetings Suites Allowing Guests To Meet Across Continents
February 25, 2010 by Timeshare & Fractional News · Leave a Comment
From the Magnificent Mile to Down Under: W Chicago City Center and Sheraton on the Park Sydney first in Starwood’s Global Portfolio to introduce Cisco TelePresence for Virtual Meetings
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) unveiled its first in-hotel Cisco TelePresence meeting suites today with a virtual, interactive meeting spanning across two continents. The W Chicago City Center and Sheraton on the Park Sydney are the first in Starwood’s global portfolio to introduce the new meeting facilities, showcasing the state-of-the-art Cisco TelePresence technology. Guests and corporate clients were brought together in a true-to-life meeting setting, despite more than 9,000 miles apart and the 17 hour time difference. Participants in both locations had a seat at the table and were able to meet “face-to-face” utilizing ultra-high definition video, superior audio and life-size imagery of all participants.
In June of 2009, Starwood announced a partnership with Tata Communications and plans to build Cisco TelePresence rooms in 10 properties worldwide. In addition to the W Chicago and Sheraton on the Park Sydney, inaugurated as part of this partnership with Tata Communications, two more Cisco TelePresence meeting suites will open in the first half of this year including the Sheraton New York Hotel & Towers and Sheraton Centre Toronto which will come online in the upcoming months. Other Starwood locations planned to open throughout 2010 include The Westin Los Angeles Airport, with the anticipation to expand the offering to key domestic and international business markets such as Dallas, San Francisco, Brussels, Paris, Hong Kong and Frankfurt. As an industry first, reservations for these telepresence rooms can be made instantly using the Tata Communications online portal, with a convenient payment capability using all major credit cards.
As the world and the hotel industry grow increasingly more global, Starwood is continuing their legacy of innovation and looking at tomorrow’s travelers and how they want to meet. There is also an increasing demand to incorporate technology, virtual meetings and social media into new meeting offerings from the next generation of business travelers.
“The launch of the new Cisco TelePresence meeting suites at the W Chicago and Sheraton on the Park Sydney is another example of Starwood’s commitment to innovation by offering our clients an exciting, new meetings solution that facilitates a ‘face-to-face’ meeting in the same room regardless of global location,” said Christie Hicks, Senior Vice President of Global Sales for Starwood. “We have a great partner in Tata Communications and look forward to continuing opening new meeting facilities throughout our portfolio of hotels around the world.”
“With 2010 fully in gear, we’re well on our way in bringing more public rooms in critical business hubs like Sydney and Chicago. We hope that through this partnership with Starwood, even more business executives can take advantage of the productivity this technology offers and save on costs that can be invested in their core competencies. We intend to make telepresence available to as many users as possible with our global network of public telepresence rooms and our suite of managed telepresence network services for businesses. This opening is just the first step in that direction with many more in other key markets soon to follow this year,” said Peter Quinlan, Director, Managed Telepresence Services, Tata Communications.
“More businesses are recognizing the value of being able to rent Cisco TelePresence facilities by the hour, either to extend their existing deployment to further locations or to experience Cisco TelePresence for the first time. Having meeting facilities in a comfortable setting with access to business services at times that fit individuals’ schedule can help to take some of the grind out of traveling. The value of public suites facilities increases exponentially as more rooms from more providers come on stream, so today’s announcement represents another key milestone in making these facilities more practical for business,” said Mark Weidick, VP/GM for Cisco’s TelePresence Exchange Business Unit.
Cisco TelePresence provides life-like, high definition, conferencing facilities with superior audio, video and environmental qualities allowing participants to meet their colleagues, customers and business partners across a virtual table. The public facility offers users who do not have telepresence rooms within their company, access to this cutting-edge technology at an affordable per hour rental rate. Tata Communications has several operational public rooms in India (Mumbai, Bangalore (x2), Chennai, Hyderabad, Delhi and Gurgaon), UK (London) and USA (Boston), Manila with PLDT in the Philippines and Johannesburg with Neotel in South Africa.
For more information about Starwood Hotels Cisco TelePresence Suites visit http://www.tatacommunications.com/telepresence/.
About Starwood Hotels
Starwood Hotels & Resorts Worldwide, Inc. is one of the leading hotel and leisure companies in the world with 992 properties in nearly 100 countries and 145,000 employees at its owned and managed properties. Starwood Hotels is a fully integrated owner, operator and franchisor of hotels, resorts and residences with the following internationally renowned brands: St. Regis(R), The Luxury Collection(R), W(R), Westin(R), Le Méridien(R), Sheraton(R), Four Points(R) by Sheraton, and the recently launched Aloft(R), and Element SM. Starwood Hotels also owns Starwood Vacation Ownership, Inc., one of the premier developers and operators of high quality vacation interval ownership resorts. For more information, please visit www.starwoodhotels.com.
About Cisco
Cisco, (NASDAQ: CSCO), the worldwide leader in networking that transforms how people connect, communicate and collaborate, this year celebrates 25 years of technology innovation, operational excellence and corporate social responsibility. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com.
Cisco, the Cisco logo, and Cisco Systems are registered trademarks or trademarks of Cisco Systems, Inc. and/or its affiliates in the United States and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information.
For information on advertising and editorial opportunities with Perspective Magazine & Owners Perspective Magazine; the leading independent B2B & B2C magazines for the timeshare and fractional ownership industries visit www.perspectiverates.com
yooPhuket Wins Fractional Life Readers Choice Award
February 23, 2010 by Timeshare & Fractional News · Leave a Comment
yooPhuket, a spectacular collection of 256 apartments and penthouses on the Thai island of Phuket, has won the Fractional Life Readers Choice Award.
The award, which received an impressive 60 per cent of votes from thousands of readers of the global shared ownership web portal FractionalLife.com, was presented at the 2010 Fractional Summit in London on Friday.
Absolute’s International Director of PR & Marketing for yooPhuket Charlotte Rose Melsom who received the award, said: “The Fractional Life Reader’s Choice Award is the ultimate accolade within the Fractional Property Industry voted for by the independent consumer so a wonderful credit to the yooPhuket project.”
Piers Brown, founder of Fractional Life said: “Thousands of FractionalLife.com readers voted and I’m delighted for yooPhuket.”
- L - R: Nick Turner, VP, Registry Collection; Piers Brown, Founder, Fractional Life; Charlotte Rose Melsom, International Director of PR & Marketing, yooPhuket/Absolute Developments; Bryan Lunt, Chairman, the Absolute World Group
yooPhuket is a partnership between international branding, design and investment property company yoo and one of Asia’s leading development and lifestyle brands, Absolute Developments so the added security of buying into two internationally recognised brands is also a huge advantage.
Stand-out interiors are one of the things yoo do best and the contemporary design offers open plan living space with dramatic floor to ceiling windows, opening onto spectacular views across the lake, golf courses and lush Thai island landscapes. The impressive master bedroom suites have en suite bathrooms and walk in closet space. Stylish kitchens are fitted with integrated appliances. Bathrooms have fully tiled walk in shower enclosures and state of the art home technology includes comfort cooling systems and the latest audio visual equipment.
Each yooPhuket apartment comes fully furnished with a yoo designed furniture collection the apartment is ready to enjoy, even down to the last teaspoon. In addition clients can choose from a selection of the most sought after designer interior additions and upgrades to create an apartment that is perfectly unique.
Apartments within the development are available both whole ownership and quartershare fractional ownership offering a choice of purchase options to suit. Prices for three month quartershare fractions at yooPhuket start at £44,000 for a 38 square metre studio, £65,000 for a 70 square metre two-bedroom apartment and £97,300 for a 105 square metre penthouse. These prices include superior furnishings, use of a fully-captained 31foot powerboat and the latest Callaway golf clubs, plus the standard 5 star service management company Absolute Resorts & Hotels are renowned for.
Owners will also enjoy access to Absolute’s affiliation with the renowned Registry Collection, the world’s largest luxury exchange programme and winners of the Fractional Life Services to the Industry Award also at Friday’s event. The Registry Collection provides members with access to an elite global network of the very finest vacation properties at some of the world’s premier destinations far beyond their Thailand accommodations.
Nick Turner, VP and head of The Registry Collection, Europe, added: “I’d like to congratulate