The Ridge Resorts, four separate properties in the Lake Tahoe area of Nevada, have been sold to Holiday Inn Club Vacations Incorporated.
Ragatz Realty, Inc., of Eugene, OR, an international commercial real-estate brokerage firm specializing in the resort real-estate and hospitality industries, represented The Ridge Resorts’ corporate parent, RWGroup, in the sale of their resort timeshare assets.
The four properties — The Ridge Tahoe, The Ridge Pointe, the Ridge View, and The Ridge Crest — occupy an 11-acre site in Stateline, NV, and collectively contain 378 units. When the first Ridge property opened in 1983, it was one of the largest and highest-quality timeshare resorts in the world at that time. The four individual properties have been rebranded as Holiday Inn Club Vacations Tahoe Ridge Resort, and now operate as a single entity.
Richard Ragatz, president of Ragatz Realty and Ragatz Associates states, “This transaction brings one of the landmark regional timeshare companies in the country into the fold of one of the largest and most respected resort timeshare companies in the world. Both RWGroup and Holiday Inn Club Vacations have been consulting clients of Ragatz Associates in the past, and it has been a privilege to work with them under our brokerage group, Ragatz Realty.”
Holiday Inn Club Vacations encompasses 29 resorts and more than 7,900 villas in the U.S., with more than 365,000 timeshare owners and 5,300 employees. Established by Holiday Inn founder Kemmons Wilson, the company has been a leader in the vacation-ownership industry since 1982, when it opened its flagship property, Holiday Inn Club Vacations at Orange Lake Resort in Kissimmee, FL, located next to the Walt Disney World Resort.
Courtesy of Timeshare Resort Management Newswire from TimeSharing Today, February 2020