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Colebrook
Finances Purchase of Hawaii
Timeshare
Resort Inventory for Vacation Internationale
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Middletown,
CT – March 2015 / Newsmaker Alert / Timeshare development/vacation
ownership specialty lender Colebrook
Financial Company announced they recently provided financing to enable
Vacation Ownership Sales, Inc. (VOS) to acquire 44 one- and two-bedroom
condominium units in the Sea Village Resort at Kailua-Kona on the Big Island.
The units were acquired for Vacation
Internationale (VI), the oldest points-based, multi-site vacation club
in North America, which was started in Hawaii in 1974. VOS has been the
management and sales company for VI since 2003. The club currently has
over 44,000 members and a resort network of over 40 destinations in the
US, Canada, and Mexico.
“We
are very pleased with our long-term relationship with Colebrook and its
ability to help us grow VI over the past ten years,” said Stuart Allen
and Mike Vasey, owners of Vacation Ownership Sales.
Allen
and Vasey added that the VI owners association had targeted the inventory
at the Sea Village Resort for many years as part of its economic sustainability
and growth strategy. Hawaii is a much-desired destination for VI owners,
and the additional inventory provides more opportunities for owners to
visit the islands.
About
Colebrook Financial Company
Colebrook
Financial Company is a lender specializing in the timeshare/shared
ownership industry, providing hypothecation and other financing products
for developers in the US, Mexico and the Caribbean. Colebrook is large
enough to provide financing in the $20-30 million range but small enough
to deliver a unique brand of personal service. For further information
call Bill Ryczek at 860-344-9396. www.ColebrookFinancial.com
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About
Vacation Ownership Sales, Inc.
Vacation
Ownership Sales, Inc. provides management, marketing and sales services
to Vacation Internationale, the oldest points-based multi-site vacation
club in North America. Based in Bellevue, Washington, VOS and VI have created
a uniquely successful business model of a non-profit owner-controlled club
working together with a privately held management, marketing and sales
company to grow the club more than 25 percent in the past 10 years.
Media
Contact:
Sharon
Scott, RRP
SharonINK
PR & Marketing
for
Colebrook Financial Company
310-923-1269 |
