Timeshare Industry Gets Some Good News to Start Off the New Year January 4, 2011
Posted by John Stephens in : Bluegreen Resorts, Timeshare Resale , trackbackFirst of all, we’d like to wish everyone a Happy New Year as we look forward to a great 2011.
To get the new year off on a positive note, a couple of timeshare industry news items made headlines this week that, hopefully, indicate a better 2011 for the industry following the negativity that clouded the timeshare industry in 2010.
According to the Orlando Sentinel, Orlando-based timeshare developer Celebrity Resorts has emerged from Chapter 11 bankruptcy after filing for protection early last year. A company representative stated that Celebrity has come out from under the court-administered reorganization “fully intact” with no loss of jobs.
This is significant as financial troubles have plagued the organization for years and, while the company has operated with minor disruption to owners, the move allows Celebrity to finally begin the road to recovery and give owners some sense of stability. According to the company’s website, Celebrity has 13 properties throughout the country.
The second piece of good news comes courtesy of Bluegreen, which announced a new $20 million timeshare receivables purchase facility with Quorum Federal Credit Union. With financing tight throughout the industry as a result of the recession, news of additional funding for timeshare developers is a great way to begin the New Year. This will allow Bluegreen to continue with new timeshare sales, while receiving the backing of Quorum, and generate additional revenue from those sales.
The underlying theme from these articles is the added stability they bring to the industry and the confidence such news generates for people looking to buy timeshare and sell timeshare.
Celebrity has some great properties in places like Florida, Nevada and Colorado and people looking to buy Celebrity timeshare will want to know if the company is on solid footing before making a purchase. Putting the Chapter 11 filing behind them will certainly help.
Bluegreen’s news also helps, but in a different way. The new facility will help the company with new sales, but hopefully those people looking to buy Bluegreen timeshare take a look online here at Buyatimeshare.com for bargains before they sign on the dotted line at the resort. Those people who buy new will be looking to sell down the road anyway, so we’ll benefit either way.
You’ll find great deals on Bluegreen timeshare by clicking here and Celebrity timeshare by clicking here.
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