ChrisH
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FESTVA Pubic Offering Statement in MA
Sorry for the typos:
Festiva Resorts Adventure Club
Commonwealth of MA
Public Offering Statement
Developer of the FSAC is Festival Development Group, LLC, a Nevada limited liability company with a principal address on One Vance Gap Road, Asheville, NX 28805.
The Seller of Club Memberships in MA is New England Vacation Services, LLC, a MA limited liability company with a principal address of 135 E. Hickory, Denton TX, 76201. Pursuant to an Affiliation Agreement between FSAC and NEVS, NEVS has prepared this POS, based upon information provided by FSAC, and is offering Club Memberships for sale in MA for its own account.
The Club is a multi-state, multi vacation site vacation program featuring ….
A purchaser does not acquire real property interest in any Festiva resort or other resort property, nor does he or she acquire title to any Unit. Instead, title to, or the right to use each Unit is held in the name of InterCIty Escrow Services, as Trustee (the ‘Trustee’) under the FSAC and related Trust Agreement.
V. Managing Entities
The operation of the Club is the responsibility of the Association, which is a South Carolina non profit, non stock corporation. The Members of the Association consist of all owners of Points including the Developer, which is deemed to be the owner of all unsold Points. The location of the Associations principal place of business is on Vance Corp Rd, Ashville, NC.
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The Developer currently controls the Association, and the Developer has the right to retain control of the Association after a majority of Points has been sold.
To assist in its responsibilities, the Association has entered in to the Management agreement with the Manager, Festival Mgt Group, LLC. A copy of the MGT Agreement is available from the Association upon request. The Manager, an affiliate of the Developer, and is located at one Vance …. The Manager was formed on March 24, 2005. The sole member of the Manager is Festival Hospitality Grp Inc, a Nevada corporation.
New England Vacation Services, LLC, a MA limited liability company with a principal address of 135 E. Hickory, Denton TX, 76201 is the same address as Outfield Marketing.
Sorry for the typos:
Festiva Resorts Adventure Club
Commonwealth of MA
Public Offering Statement
Developer of the FSAC is Festival Development Group, LLC, a Nevada limited liability company with a principal address on One Vance Gap Road, Asheville, NX 28805.
The Seller of Club Memberships in MA is New England Vacation Services, LLC, a MA limited liability company with a principal address of 135 E. Hickory, Denton TX, 76201. Pursuant to an Affiliation Agreement between FSAC and NEVS, NEVS has prepared this POS, based upon information provided by FSAC, and is offering Club Memberships for sale in MA for its own account.
The Club is a multi-state, multi vacation site vacation program featuring ….
A purchaser does not acquire real property interest in any Festiva resort or other resort property, nor does he or she acquire title to any Unit. Instead, title to, or the right to use each Unit is held in the name of InterCIty Escrow Services, as Trustee (the ‘Trustee’) under the FSAC and related Trust Agreement.
V. Managing Entities
The operation of the Club is the responsibility of the Association, which is a South Carolina non profit, non stock corporation. The Members of the Association consist of all owners of Points including the Developer, which is deemed to be the owner of all unsold Points. The location of the Associations principal place of business is on Vance Corp Rd, Ashville, NC.
…
The Developer currently controls the Association, and the Developer has the right to retain control of the Association after a majority of Points has been sold.
To assist in its responsibilities, the Association has entered in to the Management agreement with the Manager, Festival Mgt Group, LLC. A copy of the MGT Agreement is available from the Association upon request. The Manager, an affiliate of the Developer, and is located at one Vance …. The Manager was formed on March 24, 2005. The sole member of the Manager is Festival Hospitality Grp Inc, a Nevada corporation.
New England Vacation Services, LLC, a MA limited liability company with a principal address of 135 E. Hickory, Denton TX, 76201 is the same address as Outfield Marketing.
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