Timeshare Trends Blog

Disney has confirmed it is in talks with the Chinese government about building a mainland China Disneyland theme park in Shanghai, but repeated that there will be no park before 2010. “On theme parks, we have ongoing discussions with the Chinese government about a park in Shanghai.” Disney’s Bob Iger was quoted as saying on Hong Kong’s Cable TV. There was no indication of any timetable on the new theme park for Shanghai, China’s biggest city and business hub.

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Economic Impact – Westgate Resorts and Wyndham Vacation Ownership, both Orlando-based vacation ownership companies have recently been caught in the nation’s credit crunch and have had to lay-off employees because of what they consider the “turbulent financial sector”.

Both Wyndham and Westgate employ thousands in the Orlando area. According to recent reports in the Orlando Sentinel newspaper, both companies are refocusing sales and marketing efforts on more credit-worthy consumers and will be decreasing timeshare developments in the fourth quarter.

Westgate Resorts is the seventh largest employer in central Florida with over 8,000 employees. Wyndham Vacation Ownership has about 3,000 employees in the Orlando area.

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Bluegreen Corporation has announced that it has agreed to extend until November 15, 2008 the period during which Diamond Resorts International has an exclusive right of negotiation to acquire all of the Bluegreen common stock at a price of $15 per share.

The parties have agreed to continue to work to reach a definitive agreement for the acquisition of Bluegreen at the earliest possible time.

According to Alan B. Levan, Chairman of the Board of Bluegreen commented, “Diamond Resorts has advised us that it is continuing to move forward with the acquisition of the company at a price of $15 per share, but needs the additional period to finalize due diligence and its financing arrangements. Diamond Resorts has also agreed to pay us an amount approximating Bluegreen’s expenses in connection with the transaction.”

To view the latest deals on international timeshares for rent or purchase on our web site, click here.

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WorldMark by Wyndham adds another property in New Zealand with its first ski destination vacation ownership property. The newly developed WorldMark Wanaka is on New Zealand’s South Island.

The resort is purpose built for WorldMark and adjacent to the Mt. Aspiring Hotel. The Wanaka resort is only 40 minutes from the world-class ski resorts of Treble Cone and Cardrona and provides WorldMark South Pacific with access to the company’s first ski destination. It is also only a short walk from the pristine shores of Lake Wanaka and only two minutes from Lake Wanaka village.

The resort offers a range of luxury apartments as well as a gymnasium, heated pool with water slide, spa pool, steam room and the fully refurbished Rafters Restaurant and Bar.

To view the latest deals on international timeshares for rent or purchase on our web site, click here.

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