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The following info is from a training handout I've used for new hire education. Information contained herein may contain errors and personal opinions, and should not be considered to be up to date with current developer policies. Info herein should always be verified from other sources.
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The first seven Silverleaf timeshare resort properties were opened in 1989 in Texas and Missouri as a privately held company. The company went public in 1997, and that same year opened Timber Creek and Fox River.
Silverleaf grew with an unusual business strategy in the industry, often building many of its resorts in lesser known regional destinations, located within an easy day’s drive to high density urban areas such as St. Louis and Chicago. They refer to these resorts as Getaway Resorts.
The resorts located in more popular tourist areas are commonly referred to as their Destination Resorts.
Recently, they opened a new resort near Denver, the Pinnacle Lodge- and also opened a huge 19,000 square foot indoor waterpark at the Villages.
With the current economy, the re-emergence of drive-to timeshare ownership may increase slightly in demand. Also, the increased blending of the timeshare and RV markets may also add to this program's visibility and marketability.
Silverleaf Resorts:
Resort- location (primary market)
• Silverleaf’s Villages – Flint, Texas (Dallas & Ft Worth)
• Silverleaf’s Seaside – Galveston, Texas (Houston)
• Silverleaf’s Ozark Mountain – Kimberling City, Missouri (Branson)
• Silverleaf’s Orlando Breeze – Davenport, Florida (Orlando)
• Silverleaf’s Oak N’ Spruce – South Lee, Massachusetts (Boston & NY)
• Silverleaf’s Holly Lake Ranch – Holly Lake Ranch, Texas (Dallas & Ft Worth)
• Silverleaf’s Holiday Hills – Branson, Missouri (Branson)
• Silverleaf’s Hill Country – Canyon Lake, Texas (San Antonio & Austin)
• Silverleaf’s Fox River – Sheridan, Illinois (Chicago)
• Silverleaf’s Apple Mountain – Clarkesville, Georgia (Atlanta)
• Silverleaf Timber Creek – Desoto, Missouri (St. Louis)
• Silverleaf Piney Shores – Conroe, Texas (Dallas & Ft Worth)
• Silverleaf Lake O’ The Woods – Flint, Texas (Dallas & Ft Worth)
• Silverleaf Pinnacle Lodge – Fraser, CO (Denver)
Other helpful info:
Endless Escape is a bonus program that is included in most deeds recorded before 2001. It allows an owner to request up to 6 nights based on availability and only within the same season as the deeded ownership.
Bonus Time applies to most ownerships deeded after 2001. This allows reservations up to 3 nights based on availability (Sun thru Thurs only) and at a small per night cost for Friday and Saturday. Again, usage is restricted to the same season as the deeded ownership.
Internal Exchange may be made within the same owner resort classification, unit type and color-time schedule, based on availability and ownership criteria. Getaway resort owners may request an exchange at other Getaway resorts while Destination resort owners may request an exchange to both Getaway and Destination resorts.
Campgrounds- Some Silverleaf resorts also have onsite campgrounds. Timeshare owners are allowed to use the campground sites free of charge based on reservation and availability, but cannot occupy a campground site at the same time they are using a timeshare villa.
Pet Policy- Silverleaf has a history of a pet-friendly policy for owners. Recently there have been restrictions on this policy in place for exchange usage. Always refer clients to Silverleaf to ensure they have the most up to date information about pet policies and other benefits that are at the sole discretion of the developer.
Closing Information:
In-house deeding by Silverleaf - $250.00 transfer fee and Letter of Intent required. Docs take approximately 8-10 weeks to be prepared and sent out to both Buyer and Seller once the authorization letters and transfer fee are received by Silverleaf. They do not prepare closing statements of any kind, nor do they hold Escrow. Time frames can vary widely depending on their current backlog of requests.
Third Party deeding- A closing company can prepare the deed as well. Quote the closing cost estimates for the state the resort is located in, plus the $250.00 transfer fee will still be required. The closing agent will hold escrow and process the ownership verification and resort notification. Strongly recommend that a client confirms that their choice of closing agent has processed a Silverleaf transaction in the past. This type of closing is highly recommended!
*****
The first seven Silverleaf timeshare resort properties were opened in 1989 in Texas and Missouri as a privately held company. The company went public in 1997, and that same year opened Timber Creek and Fox River.
Silverleaf grew with an unusual business strategy in the industry, often building many of its resorts in lesser known regional destinations, located within an easy day’s drive to high density urban areas such as St. Louis and Chicago. They refer to these resorts as Getaway Resorts.
The resorts located in more popular tourist areas are commonly referred to as their Destination Resorts.
Recently, they opened a new resort near Denver, the Pinnacle Lodge- and also opened a huge 19,000 square foot indoor waterpark at the Villages.
With the current economy, the re-emergence of drive-to timeshare ownership may increase slightly in demand. Also, the increased blending of the timeshare and RV markets may also add to this program's visibility and marketability.
Silverleaf Resorts:
Resort- location (primary market)
• Silverleaf’s Villages – Flint, Texas (Dallas & Ft Worth)
• Silverleaf’s Seaside – Galveston, Texas (Houston)
• Silverleaf’s Ozark Mountain – Kimberling City, Missouri (Branson)
• Silverleaf’s Orlando Breeze – Davenport, Florida (Orlando)
• Silverleaf’s Oak N’ Spruce – South Lee, Massachusetts (Boston & NY)
• Silverleaf’s Holly Lake Ranch – Holly Lake Ranch, Texas (Dallas & Ft Worth)
• Silverleaf’s Holiday Hills – Branson, Missouri (Branson)
• Silverleaf’s Hill Country – Canyon Lake, Texas (San Antonio & Austin)
• Silverleaf’s Fox River – Sheridan, Illinois (Chicago)
• Silverleaf’s Apple Mountain – Clarkesville, Georgia (Atlanta)
• Silverleaf Timber Creek – Desoto, Missouri (St. Louis)
• Silverleaf Piney Shores – Conroe, Texas (Dallas & Ft Worth)
• Silverleaf Lake O’ The Woods – Flint, Texas (Dallas & Ft Worth)
• Silverleaf Pinnacle Lodge – Fraser, CO (Denver)
Other helpful info:
Endless Escape is a bonus program that is included in most deeds recorded before 2001. It allows an owner to request up to 6 nights based on availability and only within the same season as the deeded ownership.
Bonus Time applies to most ownerships deeded after 2001. This allows reservations up to 3 nights based on availability (Sun thru Thurs only) and at a small per night cost for Friday and Saturday. Again, usage is restricted to the same season as the deeded ownership.
Internal Exchange may be made within the same owner resort classification, unit type and color-time schedule, based on availability and ownership criteria. Getaway resort owners may request an exchange at other Getaway resorts while Destination resort owners may request an exchange to both Getaway and Destination resorts.
Campgrounds- Some Silverleaf resorts also have onsite campgrounds. Timeshare owners are allowed to use the campground sites free of charge based on reservation and availability, but cannot occupy a campground site at the same time they are using a timeshare villa.
Pet Policy- Silverleaf has a history of a pet-friendly policy for owners. Recently there have been restrictions on this policy in place for exchange usage. Always refer clients to Silverleaf to ensure they have the most up to date information about pet policies and other benefits that are at the sole discretion of the developer.
Closing Information:
In-house deeding by Silverleaf - $250.00 transfer fee and Letter of Intent required. Docs take approximately 8-10 weeks to be prepared and sent out to both Buyer and Seller once the authorization letters and transfer fee are received by Silverleaf. They do not prepare closing statements of any kind, nor do they hold Escrow. Time frames can vary widely depending on their current backlog of requests.
Third Party deeding- A closing company can prepare the deed as well. Quote the closing cost estimates for the state the resort is located in, plus the $250.00 transfer fee will still be required. The closing agent will hold escrow and process the ownership verification and resort notification. Strongly recommend that a client confirms that their choice of closing agent has processed a Silverleaf transaction in the past. This type of closing is highly recommended!
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