*ads are disabled when logged in*
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. We completed the upgrade of the TUGBBS forums recently and are still working on issues/customizations/changes etc. Please post in the thread in the ABOUT TUGBBS section with your feedback. Note if you are unable to log in or access the forums please email us at tug@tug2.net!
    Dismiss Notice
  3. With the upgrade to the new forum, tapatalk is not functioning properly and we have had little to no support from them in fixing the problem. That said, the new forum is fully configured to support mobile devices so if you are missing being able to visit TUG on your phone try disabling tapatalk and just using your phone/tablet browser to see the new look!
    Dismiss Notice
  4. Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
    Dismiss Notice
  5. Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
    Dismiss Notice

Telemark

Discussion in 'US - Central Timesharing' started by Leturno, Feb 26, 2009.

  1. Leturno

    Leturno TUG Member

    Joined:
    Jun 12, 2005
    Messages:
    349
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Illinois
    Any updates from Telemark owners? What is the status up there?

    I loved the resort and it has a great group of dedicated owners. I hope everything is working out for them.

    Scott
     
  2. hofftkmn

    hofftkmn TUG Member

    Joined:
    Jun 7, 2005
    Messages:
    107
    Likes Received:
    0
    Trophy Points:
    16
    The deal they had been working on for years has fallen through. They are having an adequate season due to some nice winter weather, but it still is in need of an overhaul with no major buyer coming forth.
     
  3. ronandjoan

    ronandjoan TUG Review Crew: Veteran TUG Member

    Joined:
    Jun 9, 2005
    Messages:
    2,016
    Likes Received:
    13
    Trophy Points:
    38
    Location:
    Seattle area
    Resorts Owned:
    Wyndham Bonnet Creek, Smoky Mts, Telemark Apple Pointe, Townhouses at St Augustine Beach and Tennis Club
    Hi Scott
    I wrote you when we first bought Telemark, and we still love it We have 3 weeks there - We go every year. and the extra $$ assessments are rough. But the special owners bonus weeks (3 weeks out as available) at $199 per week help offset those costs.
    The deal fell through because of the market downturn last fall. There was one investor who was just ready to come on board to finish up the negotiations - three sold years working things out -- and then in Sept when the market began , things went on hold, and as the market continued to fall instead of recovering, ... it is listed for sale with COldwell Banker rep now for $2 mill. - a great deal!!
    see this website
    www.telemarkresortforsale.com
     
  4. aldertond

    aldertond Guest

    Joined:
    Mar 14, 2009
    Messages:
    1
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Wisconsin
    Timeshare week

    Hi Dean,

    Please list this in the classified section of TUG...rather than here on the BBS.

    Thanks, and welcome to TUG!

    Steve
     
    Last edited by a moderator: Mar 16, 2009
  5. Leturno

    Leturno TUG Member

    Joined:
    Jun 12, 2005
    Messages:
    349
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Illinois
    You should list this in the Classified section..

    Dean,

    This is a common problem even for some of the priciest timeshares out there. With your membership you get one(some) free ad's in the classified section. You should post this there. A board admin will soon likely remove your post as classified don't belong in the discussion boards.

    Many people list their unit for sale on Craigslist or Ebay with no minimum bid to find a buyer.

    Good luck!

    Scott
     
    Last edited by a moderator: Mar 16, 2009
  6. Leturno

    Leturno TUG Member

    Joined:
    Jun 12, 2005
    Messages:
    349
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Illinois
    LTNS Joan!

    :hi:
    Joan,

    I remember talking with you back then. I'm glad you are learning to maximize your ownership. I know the Telemark owners are very committed and a great group I am sure you will find a way to pull your resort you love through the tough times.
     
  7. TUGBrian

    TUGBrian Administrator

    Joined:
    Mar 24, 2006
    Messages:
    13,838
    Likes Received:
    50
    Trophy Points:
    48
    Location:
    Florida
  8. JudyS

    JudyS TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    3,684
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Ann Arbor, MI
    I hadn't heard about this situation -- what caused this resort to run into such trouble?

    What happens with current ownerships? Will their be an attempt to sell the underlying real estate, and give the proceeds to the owners?
     
  9. Leturno

    Leturno TUG Member

    Joined:
    Jun 12, 2005
    Messages:
    349
    Likes Received:
    0
    Trophy Points:
    16
    Location:
    Illinois
    quick reply

    Judy,

    The resort was purchased out of bankruptcy by the timeshare owners and their association(s). They are a great group of owners and very dedicated to their resort. The resort was at one time a very popular down hill ski resort. After the timeshare developer went bankrupt much of the ski equipment (lifts and such) were sold off. The ski runs never reopened. The resort is a center for cross country ski and mountain bikes and there are two very large national events that either begin or terminate at the resort. These being the Birkebeiner and the Fat Tire. I will leave you to figure out which is which event ;-).
    It is a large resort with much expense. Much of the facilities and accommodations were neglected by the timeshare developer going into the developers bankruptcy and the timeshare owners after their purchase did all they could to renovate and make the resort relevant in todays travel market. It just wasn't working out for the timeshare owners who needed someone who had the resources to run a large resort and attract a new line of business to keep the rooms and restaurants filled when the major races were not filling the facilities. The resort has been for sale for a long time and the owners continued to really support the resort.
    Hopefully this latest purchaser will get their financing and revitalize this great resort. I am sure the timeshare will continue on and nobody will loose their ownership. Again it is a great group of dedicated owners so I am sure they will have a future. It must be a very painful and hard decision to close the doors on the main resort and lay off the staff.

    Scott
     

Share This Page