Time-share nearly ready to open
By the end of next month, Trendwest Resorts Inc. plans to open the first phase of its time-share development located in the Round Hill area.
The second phase is due to open in spring 2003.
The Redmond, Wash., developer bought the 11.3 acres for $7.4 million last year, according to the Douglas County Assessor’s Office.
Construction started seven months ago. Seven subcontractors — led by Krump General Contractor — are employing 70 workers on the job site.
Trendwest also brought back a familiar face to South Lake Tahoe to run the 110-unit condominium complex. Phil Moulton, who was once the Embassy Vacation Resorts general manager for Sunterra Corporation, took over the helm of the resort July 1.
Unlike the traditional week-to-week time-share Moulton has experience selling with Sunterra, Trendwest offers two versions of the buy-in.
Fifty-nine units provide ownership specifically to the Tahoe development. The other 51 units offer residents the opportunity to transfer their ownership points to the 47 other resorts located across the nation — a system described by management as a “credit card system.”
Despite Marriott building two huge time-share complexes at Stateline and the strength of the single-family market in Tahoe, Moulton said the company remains undeterred in its mission to bring more occupancy into the marketplace.
“I think each one will attract its own market,” he said.
Moulton pointed to major corporations like Disney to illustrate industry’s acceptance and further commitment to time-share developments.
Moreover, the company need not look any farther than its property on Tramway Drive to get a glimpse of the sellout opportunities in the Tahoe market.
Trendwest at Roundhill comes with 1-, 2- and 3-bedroom units, with gas fireplaces, stereos, videocassette recorders and televisions mingled with an Alpine-style motif. Outside, each unit sports a patio with a small electric barbecue.
Trendwest touts amenities like a heated pool, two hot tubs, a recreation center and a bicycle path leading to Nevada Beach situated 100 feet away. Meanwhile, the debate over where to place an affordable housing complex continues. Under an agreement with the Tahoe Regional Planning Agency and Douglas County, Falcon Capital is still searching for a spot to build the much-needed structure.
Contact Susan Wood at 530-542-8009 or email@example.com
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