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My guess based on nothing is Westgate. My second guess would be Holiday Inn Vacation Club.
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We attended an owners update last week at The Ridge in Sedona. I tried to get more information on the acquisition but all the salesman would tell me is it will be 19 resorts, no info on what company or where the resorts might be located. I also found out that Diamond has bought some of The Grand Pacific developers units. This happened some time ago. This is why GPR owners will see Diamond Resorts available for trade through the internal trading system GPX.Comment
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Nineteen resorts, huh? Hmmmm ...... (thinking, thinking)Originally posted by BCN View Post
Guess who happens to have nineteen resorts .... and has previously been asked to the dance by DRI???? And who now just happens to list a number of DRI resorts on their website as "Alliance" resorts?
Hint: the answer is not Grand Pacific.“Maybe you shouldn't dress like that.”
“This is a blouse and skirt. I don't know what you're talking about.”
“You shouldn't wear that body.”Comment
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Raintree.Originally posted by T. R. OglodyteLawren
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There are many wonderful places in the world, but one of my favourite places is on the back of my horse.
- Rolf KopfleComment
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The question is do you honestly view this as a good thing for Raintree owners? DRI is very strong fisted and change the rules to suit their needs with no regard to owners. JMHOOriginally posted by lawren2 View PostLawren
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There are many wonderful places in the world, but one of my favourite places is on the back of my horse.
- Rolf KopfleComment
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IMHO - absolutely a good thing. As for changing the rules to suit their needs, that hardly distinguishes one developer group from any other.Originally posted by lawren2 View Post
Raintree management is a bunch of bumbling idiots. I can easily apply my sig to them - they're a lot like Paul Revere's ride. But I suppose there's an upside to that in that they wouldn't know cunning if it was three-week old fish carcass locked in the trunk of their car on a summer day.
Not as good as having true owner control, but having experience with both organizations I would swap Raintree management for DRI management in a heartbeat.
Of course, in acquiring Raintree DRI is also picking up an organization that has experience in settling owner class action lawsuits!
“Maybe you shouldn't dress like that.”
“This is a blouse and skirt. I don't know what you're talking about.”
“You shouldn't wear that body.”Comment
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That's hardly worthy of saying it's anything close to the Sunterra aquistion. But of course salesmen tend to be a little on the dramatic side.Our timeshare and other photo's at http://dougp26364.smugmug.com/Comment
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This is not takeover announcement that you are referring to?
DPM Acquisition LLC, an unrestricted subsidiary of Diamond Resorts International® (Diamond), a global leader in the hospitality and vacation ownership industries, has today announced it has entered into an agreement to acquire a substantial portion of the assets of Pacific Monarch Resorts, Inc. (Pacific Monarch). Pacific Monarch has approximately 100,000 owners with nine resorts located in California, Nevada, Utah and Mexico. To effect the transaction, Pacific Monarch and certain of its subsidiaries have filed for chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Central District of California. The acquisition is subject to the approval of the U.S. Bankruptcy Court and certain other conditions. Assuming bankruptcy court approval is obtained and all conditions have been satisfied, Diamond anticipates closing the acquisition in the first quarter of 2012.
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Pacific Monarch? Are you sure? Diamonds is strong on west coast and weak on the east. I am hoping something in the east.
By the way, I am now staying at Cypress Pointe Grande Villas. Completely renovated with granite countertops and bathroom walls. Much better than a few years ago.Comment
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IMHO - Diamond is very weak on the west coast. On the entire west coast they only have one resort - the old Sunterra property at San Luis. They have a lot in Arizona - especially Sedona. They have properties in Las Vegas, and one in Lake Tahoe. And I don't consider Arizona to be west Coast.Originally posted by PeelBoy“Maybe you shouldn't dress like that.”
“This is a blouse and skirt. I don't know what you're talking about.”
“You shouldn't wear that body.”Comment
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Raintree, I wanted Bluegreen!Comment
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I agree. I'd much rather have direct access to the Bluegreen inventory. It's to bad the financial meltdown had to take place before the buyout was completed.Originally posted by mace View Post
There are others out there that look ripe for picking. I just hope DRI doesn't over extend itself. Bringing so many additional resorts up to DRI standards could slow the process down for any new aquisitions. I enjoy the selection of locations but I also expect the quality to be consistant. I don't like to wait for an extended period of time for quality to catch up because there are to many new resorts to bring up to date.
Raintree offers a few new locations I'm interested in but, I also have access to many of those through other ownerships. It's still good to have choices.Our timeshare and other photo's at http://dougp26364.smugmug.com/Comment
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Doug - We have to give DRI kudos for raising the bar at their resorts. They may be doing it largely with owners money (fees) but it cannot be denied that they ask for and tend to make improvements the guests like and when they do make changes it usually tends to be top quality stuff. Hard to argue with that approach IMO.
They also have been willing to support a rather aggressive funding of reserves. Again while this comes out of owners pockets it results in a better and more financially solid resorts. While no one wants rising fees they are having to bring artificially low fees up to realistic levels needed. If my choice is run down, understaffed resorts or upgraded, fully funded resorts I have to say the second is ultimately a better experience. It doesn't necessarily translate into higher rental or resale value but it does improve the vacation experience and that is what timesharing is really all about.
Overall it appears that the DRI takeover of Sunterra has actually been a positive for those resorts they run or are affiliated with.Comment
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I don't think it will be Starwood but according to an article I just read, "Starwood Vacation Ownership (SVO) currently operates 19 resorts, most of which are under the Westin and Sheraton brands."Originally posted by T. R. OglodyteComment
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Why can't DRI get into something that offers availability in the Anaheim area?
Worldmark built a great resort, Shell, Peacock and Dolphin there.
I stayed a few years back at Marriott Newport Coast, what a fantastic place and even with the drive not all that bad. (Toll roads, reminded me of Central Fla)
Bluegreen, Raintree, Monarch and even Starwood don't have anything near.
I'm headed to Tahoe this weekend, LTVR. Doubt I'll book an update but one never knows.
Back at LTVR again in June, maybe then if timing works.Comment
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