De Vere has launched a new, more accessible fractional ownership scheme enabling individuals and companies to buy into the ultimate in luxury at The Carrick on the shores of Scotland’s Loch Lomond.

With the new offering private and corporate clients can now purchase four and eight week fractions at the Mansion House which comprises a number of luxurious two-bedroom apartments. Owners benefit from a dedicated 24 hour concierge service as well as privileged membership of the Carrick Golf Club and Spa which forms part of De Vere’s Cameron House resort.

Previously the company had only marketed quarter share fractions, entitling buyers to 12 floating weeks throughout the year, but under the new scheme four and eight week fractions can also be purchased with a discounted entry price of just £49,450.

The new fractional ownership offering is designed to make the Mansion House more accessible and affordable according to Deborah Kemp, managing director of De Vere Hotels and Resorts.  “Since we launched the product in 2006, the market has obviously changed due to the economic climate, but we are confident that the quality and pricing of the Mansion House offering, together with the numerous other benefits on offer at the Carrick, will be extremely attractive to the marketplace”

A 12 week share at Mansion House costs from £143,000, with eight weeks priced from £101,915.  Under the scheme, owner’s weeks are split over three periods of the year including peak holidays and off peak.

De Vere is marketing the scheme through a new website, brochure and national roadshows and as well as introductory discounts is offering a number of incentives including free first year management fees for all purchases made in 2010.

Owners are able to rent out some of their weeks either privately or through De Vere and can  exchange weeks with other De Vere properties at Slaley Hall in Northumberland, Cameron House and Belton Woods in Lincolnshire.  The company is also affiliated with Interval International providing access to a worldwide network of 2500 resorts for exchange purposes.

Former tennis ace and entrepreneur David Lloyd, Chairman of David Lloyd Resorts – the worldwide property and vacation specialists – has launched a ground-breaking alternative investment fund and ingenious vehicle designed to facilitate ownership abroad.

The David Lloyd Resorts Investment Fund – made up of 5 and 7 year closed funds operated and administered by Blue Gate Capital – will capitalise on the tremendous opportunities in the global property market and will enable investors to purchase equity within a diverse range of assets selected and managed in line with David Lloyd Resorts’ proven business model.

The fund will buy apartments, penthouses and villas located in prestigious world wide resorts with leisure facilities in the popular destinations of Barbados, Canada, Cyprus, Spain, Thailand and Turkey. Offering a target IRR of 10-14% per annum, the fund proposes to distribute 4% income per year to investors in addition to the projected capital growth of the assets over the term.

Tamlyn Stone, Director of Blue Gate Capital – the explained, “Traditional investments have come under enormous pressure in recent years so the need for alternatives has increased. This has mass market appeal for those that prefer to buy into real assets. David Lloyd’s entry into the market with the benefit of a proven track record and strong brand could not have been timed better. We already know from the amount of initial pledges that it is going to be successful.”

Key properties from David Lloyd Resorts’ worldwide portfolio are placed into a Limited Partnership structure offering capital growth over the term and secured annual interest on the original investment. This is made all the more attractive because of Lloyd’s ability to bundle discounted high quality property offering investors immediate value. Property developers have proven keen to work with Lloyd because they recognise the value of the brand and consequently the company has purchased assets at an average 16% discount off the current low market values after purchase costs.

The Investment Fund has been specifically constructed to target Individual and pension investors and together with their professional advisors Blue Gate Capital has ensured compliance with HMRC and FSA regulations. Lloyd explains, “The structure has been refined to fit in with the market conditions that are likely to prevail during the best part of the next decade. We need to assure potential investors that we have done our homework thoroughly and that the projections stack up.”

One of the key benefits of the fund structure will be the ability to use SIPP and SSAS contributions. Stone continued, “With a minimum investment of GBP20,000 and a bricks and mortar underlying asset base this fund could suit many people. We know intermediaries will welcome the chance to take something genuinely different to their clients. The potential market for this product is enormous.”

David Lloyd Resorts is also launching a lifestyle product in the form a unique and financially astute way of purchasing and owning abroad. Shared ownership in properties in exceptional global resorts with a host of sporting and leisure amenities will enable purchasers the chance to share in and enjoy ownership in properties that may have otherwise been unaffordable. Shared owners will not only hold equity in their vacation property which guarantees two weeks occupancy rights but also benefit from two additional weeks vacation elsewhere in the world through a flexible resort exchange programme.

For further information contact Melanie Hickey, +44(0)1372-824518

Visit http://www.davidlloydresorts.com

By Lisa Migani

Thinking about selling your existing property as fractionals? If you need some really good background information, then start by looking at www.fractionalpropertydeveloper.com.

The biggest mistake a developer can make is to start on the fractional route the wrong way around. If you start by trying to find a marketer, then you won’t be ready to actually sell when you need to be. Reservations to sell never amount to anything – get the legal structure and all the relevant documentation right and you won’t lose any
sales opportunities.

But first, you have to understand what is possible with what you have. Are the right numbers of people going to this area? Is it really something that’s desirable to the fractional market? How much is it going to cost? If you’re looking at a villa that’s so highend that it’s going to be very niche market, then maybe now isn’t the time to launch that particular product.

For Starters
We know that there are huge opportunities with distressed real estate properties in desirable holiday locations. In Cyprus there is a surplus of holiday real estate that isn’t being sold right now; likewise in Spain, Turkey and other beautiful places. However you can’t say that any Mediterranean beachfront real estate will sell as fractional.

Let’s imagine a developer who has 50 units at a really nice property on a Mediterranean coastline. He’s sold 10 units outright, but he really doesn’t know how to sell the rest. It’s not an incredibly expensive location – the cost of the real estate has plummeted and despite that fact he can’t sell it as whole ownership.  What could he be doing? Creating an
appropriate fractional product could be the answer. Let’s look at what the British want and make it affordable for them. I’m sure we can come up with a kind of fractional product which will have a market. And that could be a short-term usage plan for the fractional property owner, with the sale of the asset at the end of either 10, 15 or 20 years.

So, we’re looking at a consumer say, “I’m getting the usage that I want, and at the end of the 15 years, these villas will be put on general sale and I will get part of the sales proceeds, so I actually have an exit strategy and I will get some sort of return.”

That’s the kind of fractional that people ought to be looking at now because there’s a market out there, and for British buyers, there is also definitely consumer finance available for that product as long as it doesn’t cost more than £50,000. This scenario is not the idea that Americans have of fractionals, but rather a European solution to what the European consumer can afford and would like to buy. Fractionals can be a lot of different things. We can’t say that fractionals are all high-end and come with a title deed – because if we could, we would also be able to say that a Ritz-Carlton property is a hotel and a Premiere Inn or a Travelodge isn’t a hotel because it’s so vastly different that they don’t belong to the same category. Well, they do belong to the same category, but the market is a different
market, they are promoted in different ways.

Within the fractional model there is a huge opportunity to create an innovative product to sell to a virgin market. You could be the first to launch a highly successful, high-volume fractional resort if you do the research and have the right product.

Legal structure
The legal structure behind a product is absolutely key, because if you haven’t got something which is rock-solid you’re still not going to be able to sell because the consumer won’t believe in it. The right legal structure ensures that everybody is protected – the consumer and the developer – and everything is going to work as it is presented on the day of sale.

You must define and implement the structure which best fits your business model. Trustee ownership is ideal for many fractional models. With the short-term usage plan and sale of the asset at a pre-determined time, the trustee in effect sells the property on behalf of the fractional owners and removes the danger that one owner could obstruct the sale! The trustee also disburses the sales proceeds to the fractional owners once the asset has been sold. Choosing the correct structure at the outset is fundamental to the long-term success of any shared-ownership development and should be at the forefront of any strategic or financial planning; get it right and you really are on to a winner.

Consider the following important questions regarding a potential legal structure:
• Does it give you long term flexibility and control?
• Is it simple to administer allowing you to focus on sales and marketing?
• Will your sales closure costs be minimized?
• Are you able to provide consumer confidence without hindering the growth of your business?

The addiction that people in Northern Europe (particularly the Brits) have to buying realestate in a lovely, warm country around the Mediterranean hasn’t disappeared with the credit crunch, and it hasn’t disappeared with the economic meltdown; it’s still there. You just have to have the right product to tap into it.

For more information, contact Lisa Migani at FNTC Ltd on + 39 (0) 541 24359 or +44 (0) 7879452066, or e-mail her at lisa.migani@fntc.com

Background:
Lisa Migani and FNTC
London-born Lisa Migani began her career in the shared-ownership industry with Interval International in 1989, spending seven years as the company’s regional director for Italy. She then left Interval and worked as a consultant, working for both Interval and FNTC. She now is director of business development for FNTC in Europe, Asia and the Middle East “and anywhere else that isn’t America, where my colleague David Cox heads up FNTC America.”

FNTC is part of IFG Group plc, a financial services company quoted on both the London and Dublin Stock Exchanges that is licensed by the Financial Supervision Commission as a corporate and trust service provider. A market leader for over 30 years, FNTC manages more than £2.5 billion of property assets and provides services to over 650,000 consumers.

“We’re a bit like an iceberg,” Migani says, “because we also provide back-office administration facilities and IT solutions for all sorts of different aspects of the shared-ownership industry and this side of the work we do is often under the radar of developers as we are so well known in our role as trustee.”

FNTC doesn’t charge fees for initial consultation and will make sure that a fractional product is commercially viable before agreeing to set it up. “We make our money when our clients are successful, and we have just launched a new website, www. fractionalpropertydeveloper.com, which aims to give developers and agents the knowledge they need to understand if fractionals would work for them” Migani says.

RCI, the global leader in vacation exchange and one of the Wyndham Worldwide family of companies (NYSE:WYN), today announced the renewal of its affiliation with Bluegreen Vacations Unlimited, Inc. and Bluegreen Corporation, who are amongst the largest vacation ownership companies in the industry. This new agreement grants Bluegreen Club Members continued access to a broad array of exciting vacation experiences utilizing the RCI exchange networks.

Bluegreen Wilderness Club at Long Creek

“We are extremely pleased to renew our partnership with the Bluegreen family and their fantastic owners,” said Geoff Ballotti, CEO, RCI. “By building on our great relationship with Bluegreen, we can continue to offer RCI members around the world the opportunity to experience the wonderful collection of resorts that Bluegreen has to offer.”

As part of the multi-year agreement, RCI’s more than 3.7 million members will enjoy the opportunity to exchange into Bluegreen resorts across the globe. Similarly, Bluegreen Club Members will have access to vacations at a variety of destinations at RCI’s more than 4,000 affiliated properties worldwide in over 100 countries.

“By extending our existing relationship, we are continuing to give our owners the chance to enjoy all the opportunities that RCI offers,” said David L. Pontius, president of Bluegreen Management Services, Bluegreen Corporation. “RCI offers our Bluegreen Club Members access to terrific vacation resorts around the world and we’re glad to continue providing this service to our valued owners.”

About RCI
RCI is part of Wyndham Exchange and Rentals, the worldwide leader in vacation exchange and the European leader in vacation rentals, with exclusive access for specified periods to more than 73,000 vacation properties in approximately 100 countries. Wyndham Exchange and Rentals is comprised of vacation exchange, including RCI, the worldwide leader in vacation exchange and provider of travel services to businesses and consumers and The Registry Collection program, the world’s largest luxury exchange program; vacation rentals, including Endless Vacation Rentals, Landal GreenParks®, Novasol®, and other renowned vacation rental brands, through which vacationers can rent a variety of property types, from city apartments to villas; and NorthCourse® Leisure Real Estate Solutions, an international leader in providing a full spectrum of advisory, research, and asset management services. Wyndham Worldwide Corporation is one of the world’s largest hospitality companies with leading brands in lodging franchising, vacation ownership, vacation rentals and vacation exchange. For additional information visit www.grouprci.com or the media center of www.wyndhamworldwide.com.

For additional information on the services offered to developers by RCI and how they can add potential value to leisure real estate projects, visit www.grouprci.com.

About Bluegreen Corporation
Founded in 1966 and headquartered in Boca Raton, FL, Bluegreen Corporation (NYSE:BXG) is the leader in providing Colorful Places to Live and Play through its vacation ownership resort and residential real estate business segments. Our more than 3,100 employees are passionate about delivering extraordinary experiences for our owners, travelers and business partners. Since 1996, Bluegreen has managed, marketed and sold a flexible, real estate-based vacation ownership plan with more than 208,000 owners, over 45 owned or managed resorts, and access to more than 4,000 resorts worldwide. Since 1985, Bluegreen Communities has developed master-planned residential and golf communities primarily in the southern and southeastern U.S., and has sold over 55,000 home sites. We also offer a portfolio of comprehensive, turnkey, fee-for-service resort management, financial services, customer generation and sales solutions to third-party developers and lenders. For more information, visit http://www.bluegreencorp.com.

Research and Markets has announced the addition of ICAP Group’s new report “The Hotel Industry in Greece 2009″ to their offering.

Key Points:

•    Urban hotels and vacation resorts the two categories of hotels
•    Total amount of room nights exceeded 64 million in 2008.

This study explores the hotel industry and more specifically the companies that own Luxury, A, and B category hotels. The hotel sector is without a doubt the pillar of the Greek tourist industry, which is extremely crucial to the development of the national economy.

Today, there are more than 715,000 hotel beds in all types of accommodation across Greece, with the total amount of room nights exceeding 64 million in 2008. With respect to their geographical distribution, we observe a concentration of hotel beds in parts of – the country that are developed in terms of tourism. There are various categories of hotels according to the level of services they offer, the type of ownership (Greek or foreign, part of a chain, or a group, etc.) as well as the region in which they operate. With respect to the region in which they are located and their activity, hotels are distinguished into urban hotels (which operate in city centres all year-round) and vacation resorts, which are to be found all over the country and mostly operate near the seaside (mainly in islands) during a specific season. Whatever the case may be, the hotel industry must be examined as part of an entire network that makes tourism a rather intricate business.

Products mentioned: Luxury, A, B, C, D and E. C-class hotels, urban hotels and resorts

Key Topics Covered:
•    1. Summary
•    2. Hotel Companies and Financial Analysis
•    2.1 Sales of Hotel Companies – Rooms Revenue – Revenue per Bed- Revenue per Night
•    2.2 Financial Analysis of Hotel Companies
•    Profitability
•    Performance
•    Liquidity
•    Financial Structure
•    Activity
•    Consolidated Balance Sheets
•    3. Conclusions – Trends and Prospects
•    General Overview
•    Analysis of the Competitive Environment
•    Threat of New Entrants
•    Dangers from Substitute Products & Services
•    Bargaining Power of Suppliers
•    Bargaining Power of Customers
•    Competitive Rivalry within the Industry
•    SWOT Analysis
•    Strengths
•    Weaknesses
•    Opportunities
•    Threats
•    Financial Results
•    Market Prospects
•    Sector Companies’ Balance Sheets
•    Tables
•    Graphs
For more information visit http://www.researchandmarkets.com/research/5b4ab2/the_hotel_industry

Special priority sales on one-acre Grace Bay Beach estate to begin January 25

The Élan Collection, a distinctive network of ultra luxury shared interest vacation home ownership properties, is commencing priority sales reservations for its deeded, shared interest ownership opportunities in a private beachfront estate on the Turks and Caicos Islands in British West Indies. Priority sales reservation pricing starts at $1.25 million per deeded interest, but only on a limited basis.

Situated on one acre in Grace Bay Beach (voted among the top 10 beaches in the world by Condé Nast Traveler Magazine), The Coral House estate spans approximately 12,000 square feet and includes five bedrooms, a library, office, two living rooms, breakfast room, family room with a large flat screen TV, and formal dining room. Exceptional details, materials and furnishings can be found throughout the home, including coral render flooring with glass tile inlay; beautiful Brazilian hardwood doors; antique wrought-iron gates imported from France, Egypt and Saudi Arabia; and a unique blend of antique furniture and one-of-a-kind designer pieces. Created for true island entertaining, the residence features an outdoor covered breakfast nook, outdoor beachfront dining pergola and an expansive outdoor beach area for a table setting of 30.

The property also boasts a one-bedroom guest cottage with its own private pool and garden; separate staff quarters with two bedrooms and a living area; and a stunning central courtyard filled with mature giant frangipani trees, bougainvillea, ferns and other lush landscaping. Constructed from coral stone blocks imported from Barbados, the residence celebrates the Barbadian Oliver Messell style of architecture with cedar-shingled roofs and copper gutters.

“The Coral House is a one-of-a-kind island property, situated on one of the world’s best beaches,” said Stan Tonkin, vice president of international marketing and sales for The Élan Collection. “An estate of this caliber and stature simply cannot be replicated today on Grace Bay Beach. The Coral House will afford our Owner-Members with an unparalleled level of privacy and serenity.”

Ownership interests in the Coral House will provide Élan Owner-Members with four weeks of exclusive use per year. As with all Élan properties, The Coral House includes a variety of A-list appointments and personal touches, such as a personally dedicated 24-hour concierge staff, travel accommodations, daily housekeeping, limousine services, luxury vehicle to use when in residence, personal watercraft, personal item placement inside the home and much more.

The Turks and Caicos, a territory of the United Kingdom, consists of two groups of more than 40 islands and cays, eight of which are inhabited. The island chain is renowned for its pristine white sand beaches, turquoise waters and legendary diving, snorkeling and fishing activities, as well as its upscale resorts that offer pampering with a splash of indulgence. Grace Bay Beach itself, with its 12 miles of curving beach, is home to the most exclusive resorts and hotels, spas and fine restaurants, yet still offers a sense of seclusion with stretches of uncrowded beaches.

About The Élan Collection
The Élan Collection combines the benefits of shared fee-simple vacation home ownership with the advantages of a network of luxury destination resort properties across the United States as well as abroad. Owner-Members at The Élan Collection can select their “home resort” based upon lifestyle interests and preferences, but can also enjoy other Élan destinations within the collection through an exclusive Club Exchange Network. Owner-Members will experience unparalleled amenities and personal touches at each Élan property, such as 24/7 concierge services, travel accommodations, included private jet service, onsite luxury SUV and placement of personal items upon each visit.

For more information, please visit www.elanPRC.com.

InnSeason Resorts®, creators of the Northeast Experience® and leading provider of resort vacation and ownership opportunities, recently announced that Premium Destinations based in Daytona, Florida has agreed to manage the sales and marketing operations of the InnSeason Resorts Sales Centers on Cape Cod and in Ogunquit, Maine.

Since its founding in 1997, Premium Destinations has been recognized nationally for its marketing innovations and its long history of providing expert sales & marketing services to the timeshare industry.

Premium Destinations is led by veteran industry executives, TJ Frick, Larry Coltelli, Steve Schlossberg, and Tim Williams. Williams will be on site in the Cape Cod and Maine Sales Centers and aggressively hiring for all positions at these locations.  For information or applications please email twilliams@innseason.com or call Tim at (843) 513-3006.

Steve Schlossberg notes, “We are pleased to be able to provide a sales solution for the InnSeason Team.  With their exceptional marketing experience and our proven sales experience we have created a winning combination.  The InnSeason Club product is a pleasure to sell because of the amazing benefits and flexibility it offers the consumer.”

InnSeasons’ CEO, William “Billy” Curran says- “We are thrilled to be working with this experienced team of professionals. They have brought proven sales strategies to the table and integrated them with our successful brand. InnSeason Resorts is in a unique position today, because our financing has been strong and viable through the entire economic crisis, guaranteeing financing options for our customers. In an industry struggling with this very issue, we have remained strong and active and PDI knows the value of that position.”  This is a powerful relationship, and we look forward to a prosperous future.”

InnSeason Resorts™ was created as a regional brand of family-oriented resorts that combine the development and operations expertise of Dennis M. Ducharme, RRP, president; and the marketing resources of Curran Management Services (CMS®), and its founder, William E. (Billy) Curran, chief executive officer.
InnSeason Resorts®, include: InnSeason Resorts Pollard Brook, Lincoln (NH); InnSeason Resorts The Falls at Ogunquit (ME); InnSeason Resorts HarborWalk, InnSeason Resorts Captains Quarters, InnSeason Resorts Surfside, Falmouth (MA), and Mountainview Resort in Jackman, (ME).

InnSeason Resorts®, delivers “best-in-class” management, advisory and marketing services to resorts and developers nation-wide. For more information, visit www.InnSeason.com.

The Élan Collection LLC, a distinctive network of ultra luxury shared interest vacation home ownership properties, is commencing priority sales reservations for its deeded, shared ownership interests in a two-story Las Vegas penthouse situated on the top floor of Turnberry Place overlooking the Strip. The price starts at $1.5 million per deeded interest.

Located within walking distance of the city’s most famous hotels such as Bellagio, the Venetian, Wynn, the Mirage and Caesars Palace, the modern penthouse encompasses more than 12,000 square feet, including over 3,000 square feet of wrap-around terraces offering dazzling 360-degree views of the city and surrounding desert mountains. Turnberry Place features exquisite art and furnishings, a lavish master suite with “His and Her” baths, two bedrooms—each with a private bath and walk-in closet, an upper-level guest suite, staff quarters, an expansive game room with a billiards table, 72-inch flat screen TV, private balcony with an outdoor pool and spa, formal dining room, fully-appointed kitchen and adjacent morning room, full bar and wine room, generous family room and spacious entertainment area with two outdoor terraces.

Élan Owner-Members will also enjoy private elevator access to the entry level of Turnberry Place, as well as elevator access from the entry to the upper level, an onsite on-call private limousine service and a personal concierge.

“Turnberry Place is an exciting new addition to our portfolio,” said Stan Tonkin, vice president of international marketing and sales for The Élan Collection. “Vegas is a world-class destination, offering the best in fine dining, entertainment and luxury shopping anywhere. This property celebrates the Vegas lifestyle, and affords Owner-Members with an unparalleled vacation experience.”

Turnberry Place includes a variety of A-list appointments and personal touches that are synonymous with Élan properties, such as a dedicated 24-hour concierge staff, daily housekeeping, 24-hour guard-gated security, valet parking, onsite restaurant, cigar/game room, wine cellar, two bars, underground parking garage, limousine services, indoor and outdoor resort-style swimming pools, tennis complex, European spa and fitness center, as well as exclusive membership in The Stirling Club, a private club with elite international members from the corporate, artistic and social worlds.

Only 16 shared interest deeded ownership opportunities will be offered for Turnberry Place. Priority sales reservation pricing is now available on a limited basis.

Known as “The Entertainment Capital of the World,” Las Vegas offers an endless array activities and attractions for Élan Owner-Members to enjoy day and night. The city is home to more than 100 shows ranging from classic showgirls and legendary singers to cirque-style acrobats and trapeze artists; dynamic nightlife at casino lounges, cocktail bars and dance clubs; world-class gaming; award-winning restaurants; championship golfing at over 60 area courses; and one of the most upscale shopping experiences in the Western United States.

About The Élan Collection LLC
The Élan Collection LLC combines the benefits of shared fee-simple vacation home ownership with the advantages of a network of luxury destination resort properties across the United States as well as abroad. Owner-Members at The Élan Collection can select their “home resort” based upon lifestyle interests and preferences, but can also enjoy other Élan destinations within the collection through an exclusive Club Exchange Network. Owner-Members will experience unparalleled amenities and personal touches at each Élan property, such as 24/7 concierge services, travel accommodations, included private jet service, onsite luxury SUV and placement of personal items upon each visit. In addition, they will enjoy all the advantages of individual real estate ownership, including mortgage financing leverage, the ability to sell their interest on the open market through real estate brokers at any given time and the benefits of potential real estate appreciation without feeling tied down to only one vacation property.
For more information, please visit www.elanPRC.com.

Accor Vacation Club, based in Robina on the Gold Coast has announced a Senior Executive appointment with CRAIG WOOD being appointed as CEO, effective immediately.

Craig Wood, has served as Chief Operating Officer at Accor Vacation Club for close to 2 years and has over 20 years in the holiday ownership industry.

“The Club has seen substantial growth in acquisitions, introducing new locations and apartments into the Club’s property portfolio in the past few years, and now with Member numbers sitting just under 27,000, we look forward to building on that in 2010,” said Craig on his appointment.

“We have re-branded from ‘Accor Premiere Vacation Club’ to the more streamlined ‘Accor Vacation Club’ and have made great advances in technology – with the newly redesigned Member Website scheduled for launch later this month,” he added.

Craig will continue to grow the business by introducing new, innovative ideas and exploring synergistic opportunities within the Accor group to take the Club into 2010.

He has an impressive history in the hotel branded Vacation Club Industry with his immediate past role as GM and Regional Director of Marriott Ownership Resorts in the Middle East.

About Accor Vacation Club
Accor Vacation Club is part of the Accor Hospitality Group, the largest and fastest growing hotel management group in the Pacific Region with operations across 16 countries, covering a full spectrum of locations and hotel styles, from luxury to budget. The Club has over 27,000 Member families who enjoy holidays at 21 Club Properties.

About Accor
Accor, a major global group and the European leader in hotels, as well as the global leader in services to corporate clients and public institutions, operates in nearly 100 countries with 150,000 employees. It offers to its clients over 40 years of expertise in two core businesses:

- Hotels, with the Sofitel, Pullman, MGallery, Novotel, Mercure, Suitehotel, Ibis, All Seasons, Etap Hotel, Formule 1 and Motel 6 brands, representing 4,000 hotels and nearly 500,000 rooms in 90 countries, as well as strategically related activities, such as Lenôtre;

- Services, with 30 million people in 40 countries benefiting from Accor Services products in employee and public benefits, rewards and loyalty, and expense management.

Breckenridge Grand Vacations, development company of both Gold Point Resort and Grand Timber Lodge, has announced that the second phase of their newest resort, the Grand Lodge on Peak 7, opened on Saturday, December 19, 2009. The Grand Lodge on Peak 7 is the third resort to be built by Breckenridge Grand Vacations, and is considered to be one of Breckenridge’s premier lodging and timeshare developments with a nearly unparalleled location.

The first phase of the resort opened in early June of this year and included 14 residences as well as many amenities including an indoor/outdoor aquatics area, Soothe Day Spa and Salon, Sevens restaurant, fitness facility, grotto, Family Fun Center including 2 theatres and a fully equipped game room.

Phase 2 of the resort opened in mid-December and includes 21 additional residences and includes the Grand Lobby, concierge desk, front desk, lobby bar, additional outdoor water amenities.

The third phase is scheduled to open in December 2010, with two more phases left to open after that. Developers are expecting the resort to be completed in 2014 with 114 residences.

If you are interested in learning more about the Grand Lodge on Peak 7, please call 888-783-8883 or visit www.GrandLodgeonPeak7.com.

Located at the base of the Independence SuperChair and at a turn station of the BreckConnect Gondola, the luxury ski-in/ski-out Grand Lodge on Peak 7 will have 114 condominiums upon completion.  The Grand Lodge on Peak 7 is an affordable alternative to other ski-in/ski-out resorts throughout the county.  While owners may purchase one-week ownerships, multiple week packages are available.