$66 million vacation resort opens today | TahoeDailyTribune.com

$66 million vacation resort opens today

On Monday work crews were busy putting the finishing touches to the heated swimming pool and floor tiles at the Embassy Vacation Resort in South Lake Tahoe, preparing for the resort’s opening today.

“We’re going to start putting some people in beds,” said Lawdy Flanagan, vice president of Signature Resorts, which built the vacation resort. The company pays Embassy Suites a fee to affiliate with the hotel chain. “We’re walking before we run to see that all systems are go.”

When Flanagan and General Manager Phil Moulton open the doors of the Embassy Vacation Resort today, the resort will be the second showcase project completed in the Ski Run Redevelopment Area.

The 400-unit Stateline Embassy Suites Hotel was the first new lodging property to come on line in the Ski Run redevelopment area. Also completed have been the reconstruction of a Chevron service station and McDonald’s restaurant and the expansion of the Fantasy Inn.

Still to come is the renovation of Ski Run Marina, construction of a new commercial area and the addition of a linear park.

The new resort is also a work-in-progress. The resort that opens today is the 62-room first phase of a project that will include 210 units and cost $66 million when it is completed. Signature Resorts will break ground on the second phase May 1, when it also plans to begin landscaping of the new facility.

The Embassy Vacation Resort is one of 19 time-share properties operated by Signature Resorts. The publicly traded company last month completed the purchase of All Seasons Resort, including two other South Shore properties – the 140-unit Tahoe Beach & Ski Club and the 21-unit Tahoe Seasons Resort.

Flanagan said interest in the vacation resort has been strong, with the company exceeding $10 million in sales since the units went on sale last June.

“We’re finding high interest from families who have stayed here at Tahoe in other accommodations,” Flanagan said. “We sell vacations.”

Each of the 66 units is a large two-bedroom suite that features built-in spas, a kitchen and second kitchenette, gas fireplace and televisions in each room. One option available to time-share owners is to split their week in two, staying in the smaller one-bedroom portion of the unit for one week, and staying in the larger half for a second week.

Another feature of the Embassy Vacation Resort is its affiliation with Resort Condominiums International, a company that represents time-share owners around the world.

“Because of the attractiveness of this location, owners can trade their week here for any of the resorts worldwide,” Flanagan said.

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