Timeshare Trends Blog

One of Westgate Resort’s most anticipated vacation ownership properties will be open soon. The Planet Hollywood by Westgate in Las Vegas is putting the finishing touches on this much-ballyhooed project and plans to begin hiring workers soon.

In preparation for the new Westgate Tower opening, the Planet Hollywood held a job fair on July 30. Their plans call for hiring between 600 to 800 workers. Planet Hollywood President, Bill Feather, has said that the hiring for all positions will begin in November.

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Consolidated Resorts is a Las Vegas based timeshare operator and runs 14 properties that include the Tahiti Village, Tahiti and Club de Soleil timeshares in Las Vegas; as well as timeshare operations in Hawaii and Florida. The sales and marketing operations have at least temporarily closed, but the resorts have remained open for use by timeshare owners. According to a spokesman for Consolidated Resorts, the bankruptcy filing has nothing to do with the timeshare owners, and the owners are in fine shape.

Consolidated Resorts has 5,000 to 10,000 creditors, apparently including many timeshare owners as well as trade creditors and individuals and other parties involved in litigation with Consolidated. Consolidated Resorts listed assets of $50 million to $100 million and liabilities of $100 million to $500 million.

While the company has not spelled out any further financial details in their filings, a lack of financing for timeshare buyers and dwindling inventory contributed to the filings, a source involved in the case said. The filing has curtailed expansion of the Tahiti Village, once known as the fastest selling timeshare in the country.

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Marriott’s Shadow Ridge resort in Palm Desert, California, has completed phase 7 of a 14-phase development plan. Phase 7 construction at the timeshare resort included two buildings and 73 two-bedroom Marriott timeshare villas. Currently, 19 buildings have been completed, housing 523 timeshare villas of the planned 972 timeshare villas. Phase I development of this California timeshare property began in 1999, when a timeshare sales office and maintenance facility were started.

Today the property includes a clubhouse, restaurant, spa, registration center, 2000 square foot pool with bar, grill and children’s beach, along with the timeshare units. The golf amenities are considered outstanding and include a golf pro shop with swing studio, lockers, club fitting, and golf admin center, which adds to the pleasure of play and practice at the on site Marriott’s Shadow Ridge Golf Club and the Faldo Golf Institute by Marriott. Phase 8 at the 300-acre resort is scheduled to begin in 2010

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