Timeshare Trends Blog

Tahiti Village, Tahiti and Club de Soleil resorts were part of the Consolidated Resorts group of properties acquired. The Las Vegas headquartered company completed the acquisition of all of its timeshare inventory and operating assets of Consolidated Resorts, which had filed for bankruptcy in June 2009 when its major lenders had discontinued funding due to the effects of the credit crisis and the slumping economy. The closing of the sale from the bankruptcy estate is the first in a series of planned transactions that will result in the Spector family investing more than $30 million back into the local Las Vegas economy. The Arthur Spector Companies has been a leading timeshare resort developer in Las Vegas, Hawaii and Florida for more than 30 years.

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Harrah’s Entertainment has assumed ownership of the Las Vegas Planet Hollywood Resort and Casino. Harrah’s customer-loyalty program, Total Rewards, will be fully integrated into the property in April 2010, enabling guests to earn and redeem Reward and Tier Credits. Planet Hollywood A-List points will automatically convert into Total Rewards. Harrah’s Entertainment, Inc. is the world’s largest provider of branded casino entertainment. Since its beginning in Reno more than 70 years ago, Harrah’s has grown through development of new properties, expansions and acquisitions, and now operates casinos on four continents. The company’s properties operate primarily under the Harrah’s, Caesars and Horseshoe brand names. Harrah’s also owns the World Series of Poker and a majority interest in the London Clubs International family of casinos.

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