Monday, April 10, 2017

Catching Up with Carl: April 2017


Here it is—Spring 2017 and Star still has only one project: Ocean Lodge, St. Simons Isle, GA. We have a key sales person on-site booking and selling the mini vacation tours that have been generated from past hotel guests.

To be sure, we have other projects in the pipeline: Key West Cottages in Key Largo, FL; Seagate next to Ocean Lodge; Saratoga Polo coming out of litigation; and Windham Mountain Resort, a New York State ski hill two hours north of NYC. We have an LOI on 300+ acres that directly abuts the ski hill including a run that goes through the ski in/ski out property.

Academy Securities of San Diego, named for alumni of the Annapolis and West Point service academies, is being looked at to provide financing for many of these projects. For an Academy presentation, this coming Wednesday, April 12, in NYC, we have put together all Star’s projects. It’s an impressive list going back to 1973 with the first fee-ownership timeshare in the world at Brockway Springs, Lake Tahoe, CA. Here it is:

Resort Fractional Projects:
     Ocean Lodge, St. Simons Island, GA
     Seahorse Beach Club, Follett’s Island, TX
     Dye Villas, Myrtle Beach, SC
     Anabui Private Residence Club, Aruba, Lesser Antilles, Caribbean
     Vallarta Gardens, Puerto Vallarta, Mexico
     Front Four, Stowe, VT
     Mt. Superior Residence Club, Snowbird, UT
     Residence Club at Whitefish Lake Lodge, MT
     Purgatory Lodge, Durango, CO
     Expedition Lodge, Kirkwood, CA
     Meriwether Ranch, Melrose, MT
     Rancho Manana, Cave Creek, AZ
     Northstar-at-Tahoe, Northstar, Lake Tahoe, CA
     Cottages at Pinehurst, Pinehurst, NC
     Christy Club, Phase One, Steamboat Springs, CO
           
Urban Timeshare Projects:
     Jackson Court, San Francisco, CA
     San Francisco Suites on Nob Hill, San Francisco, CA
     Powell Place, San Francisco, CA
     Avenue Plaza, New Orleans, LA
     The Manhattan Club, New York City, NY

Resort Timesharing Projects:
     Vail Run, Vail, CO
     Cliff Club, Snowbird, UT
     Casa del la Playa, La Jolla, CA
     Kingsbury Crossing, Lake Tahoe, CA
     Schooner Landing, Newport, OR
     First Cabin Club, Lake Havasu, AZ
     Cape Codder Residence Club, Hyannis, MA
     Brockway Springs, Lake Tahoe, CA

Collections:
     Holiday Clubs International, Holiday Inns, Memphis, TN      
     World’s Finest Resorts, Fractional Exchange Program

I’m tired just looking at the list. We’ve been a lot of places over the years, and had a lot of success… and also a few screwy developers to deal with.