Stoneridge Resort shutdown
By Cindy Thomas, general manager Stoneridge Resort in Blanchard, ID, shut down on March 25th for 21 days after Idaho Gov. Brad Little signed an Extreme Emergency Proclamation and issued a statewide stay-home order closing all but essential businesses. Gov. Little and public-health officials will evaluate later whether to extend the order past 21 days. […]
Money management for timeshare resorts
The foremost responsibility of a timeshare owners’ association’s board members is “to maintain, protect, and enhance” the value of the resort’s assets. So said Craig Huntington, president of Alliance Association Bank (AAB) in Las Vegas, NV, in a presentation at the fall 2019 TBMA meeting. Huntington said a board should develop an investment policy to […]
Ragatz Realty announces sale of Lake Tahoe resorts
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 Board Members Association Announces Orlando 2020 Conference, May 17-19, 2020
Board Members and onsite Resort Managers are invited to attend for free. The TBMA Orlando 2020 Conference, May 17-19, 2020, will mark the 18th conference and TBMA’s leadership position in providing dynamic, interactive forums for education, resources, solutions, and networking for timeshare Board Members, Resort Managers, and vacation ownership industry professionals. Timeshare Owners’ Association Board Members […]
Lead problem solved at Idaho ski resort
The water crisis in Flint, MI, several years ago led water systems in many parts of the U.S. to test their water for lead contamination. One such test turned up a lead problem at Tamarack Resort, a half-built ski-resort community 95 miles north of Boise, ID. Tamarack Resort began construction in 2003 and opened in […]
Preventing hospitality fraud
Hotels and timeshare resorts share a common problem — preventing fraudsters from using digital technologies to access and raid legitimate customer accounts. The very features that make digital reservations, check-in, and room access so appealing and convenient to Millennials and other early adopters make them fraud-prone if not accompanied by the proper controls and protections. […]
Harbor Hill Timeshare, sold and set for repurposing
Alex Krakovsky, Managing Member – Lemonjuice Capital, LLC, joins Shep Altshuler in a discussion about his successful efforts to protect the interests of the timeshare owners from an ill-conceived Chapter 7 settlement. www.tstoday.com
Apple Valley Timeshare Auction Set For Sept 14
HOWARD, Ohio, Aug. 31, 2018 /PRNewswire/ — Apple Valley Resort, a favorite destination for families for decades, will be sold at Auction Friday September 14 at 428 Clubhouse Drive in Howard, OH. The auction is being conducted by Williams & Williams, a Tulsa-based real estate auction firm. Online bidding will be offered during the live event through its affiliate AuctionNetwork.com. The Central Ohio property, […]
Manage your resort’s digital footprint
Think of your resort’s website as a “dating site,” urged Gary Prado, RedWeek‘s vice president-business development. To be effective, it must have up-to-date technology and fresh information, including inventory available and bookable in real time. Everything should be searchable. Search engines can’t read pdfs (portable document files), so don’t use them. To improve your […]
Doing the reserves right
A timeshare resort’s reserve fund consists of money set aside over a period of years for refurbishment, repair, or replacement of major building components and systems at pre-determined intervals (or sooner, if a disaster or catastrophic failure intervenes). Gary Porter, chief executive officer of reserve-study preparation firm Facilities Advisors International, LLC (FAI), explained that a […]