Please list any U.S. timeshares still under development, or brand new

[rickandcindy23]

There aren't many in the Colorado mountains. There is the Westin in Beaver Creek (I believe), and Grand Peak 7 in Breck is still either being built, or is built but still selling.

I think a lot of timeshares are being resold or still being sold, even though they were constructed years ago.

Marriott's Lakeshore Reserve is probably still under construction, too.

Mexico is always building new timeshares, so I wanted to stay with the U.S.

Back in the 80's, there were dozens of timeshares built in Colorado, which goes to show how truly old a lot of those resorts are now. Some are looking old, too.

 

[kanerf]

Hilton is supposed to build more towers at both their Las Vegas Strip and Orlando Parc Du Soleil properties, but I think that is on hold during this economy. I would imagine most other developers have also put expansion and new locations on hold until a solid recovery takes hold.

 

[rickandcindy23]

Forgot Hilton. Parc Soleil will probably keep building, even with this economy, because Orlando is such a great location for suckers. :ignore:

 

[timeos2]

Forgot Hilton. Parc Soleil will probably keep building, even with this economy, because Orlando is such a great location for suckers. :ignore:

Word is that one of the two existing Parc Soleil towers is stitting unused. I seriously doubt they will be spending any more money there for a LONG time. It may turn out to be another Celebration World Resort that has planned expansions sitting untouched for over a decade & no change in sight.

The whole approach to Developer timeshares has shifted from building new & selling new buyers to selling the extremely low cost thus profitable points/clubs that can use the existing or recovered inventory while (maybe) making improvements at the existing properties (usually on the owners dimes). It requires far less capital (as in nearly none) and far less risk. I doubt they will ever return to the build lavish buildings model if they can make the current process work. Groups like Wastegate are still hurting as they don't have any club/points system to sell, but you can bet they will.

 

[bdh]

I think a lot of timeshares are being resold or still being sold, even though they were constructed years ago.

Not sure if Northstar in Tahoe is too old to qualify for your list (construction was completed 18 months or so ago).

 

[rrlongwell]

... Groups like Wastegate are still hurting as they don't have any club/points system to sell, but you can bet they will.

Did Westgate survive bankrupcy?

 

[T_R_Oglodyte]

The whole approach to Developer timeshares has shifted from building new & selling new buyers to selling the extremely low cost thus profitable points/clubs that can use the existing or recovered inventory while (maybe) making improvements at the existing properties (usually on the owners dimes). It requires far less capital (as in nearly none) and far less risk. I doubt they will ever return to the build lavish buildings model if they can make the current process work. Groups like Wastegate are still hurting as they don't have any club/points system to sell, but you can bet they will.

Or the approach of DRI, to acquire for pennies on the dollar, the assets of developers and projects that are in trouble.

BTW - rumors are (caveat: salesman's mouth, moving lips) Diamond is in serious discussions to acquire two existing properties in Hawaii - one on O'ahu and one near Hilo on the Big Island, both of which would be added to the Hawaii collection. These are currently built non-timeshare properties that DRI would convert.

*****

Returning to the general topic of the thread, I don't see much reason for developers to start constrution of new projects, when most areas of the country that are desirable locations still have depressed real estate markets. Why build when you can buy more cheaply?

One evident change is that what inventory is being added by developers is in areas that have more sustained year round demand - it doesn't seem that inventory is being added any longer in areas that only have a singe strong demand season, with Worldmark (as noted below) being the only exception that I'm aware of.

I also wonder what the situation is with Worldmark/Trendwest regarding new development? As long as they sell points they need to create more inventory to support the points being sold. It seemed as though Trendwest had resorted to opening resorts in cheaper to build and more seasonal locations, such as Iowa since that is a lot more profitable for Trendwest than building resorts in areas where the demand by Worldmark members is highest.

 

[DeniseM]

The Desert Club Resort, Las Vegas, just moved into their new resort 4 mos. ago. (Formerly Summer Bay.)

It isn't new, but since it was completely renovated and redecorated, it looks new.

(It's also a new property for the owners who traded their old resort for it.)

 

[T_R_Oglodyte]

It isn't new, but since it was completely renovated and redecorated, it looks new.

I think we're going to start to see a lot of that kind of project, particularly as resorts age.

I wonder if the way out for some older resorts isn't going to be acquisition by a mini-system, followed by renovation. Consolidation in the industry.

 

[mrsmusic]

<I also wonder what the situation is with Worldmark/Trendwest regarding new development? As long as they sell points they need to create more inventory to support the points being sold. It seemed as though Trendwest had resorted to opening resorts in cheaper to build and more seasonal locations, such as Iowa since that is a lot more profitable for Trendwest than building resorts in areas where the demand by Worldmark members is highest.Steve Nelson>

Steve, there is a boatload of unsold inventory already. It will take them quite awhile to sell and they have told us there is no new resorts coming online at this point. They are using that unsold inventory to maintain complete control in voting power, as well.

 

[gblotter]

Marriott Ko Olina in Oahu is finishing their third tower this year - completion date June 2012.

The master plan also includes a fourth tower, but who knows if that will actually be built.

 

[a1000monkeys]

I believe Hilton Marbrisa (formerly Grand Pacific Marbrisa) in Carlsbad is still under construction. They were showing a scale model made out of Legos outside of Legoland this summer. I declined the $100 lego gift certicate for a tour.

 

[timeos2]

All those mentioned seem to be ones that were already underway before the full impact of the collapse was felt. I don't think one has been started since early 2010 or even late 2009. And no one has announced any plans I'm aware of. It may be a decade or more, if ever, before any are started new again.

 

[JohnPaul]

Marriott Grand Residences - Tahoe

Note on Interval International says that construction on a new phase of the Marriott Grand Residences in Tahoe starts in 2012 with completion in 2014. I was a little surprised (mostly because I'm not clear where there is space for another phase).

This is not the same as the Marriott Timber Lodge on the other side of the gondola.

 

[slum808]

Hawaii

I believe Aulani was the latest completly new project in Hawaii. I think it started in 2008 and will complete Phase III sometime in 2013. You also have HGVC Kingsland second Phase. HHV has just completed permitting on two new towers, with a HGVC planned for the Waikiki beach walk area as well. I'm not sure if the Beach Walk project is new or a conversion.

 

[slum808]

DVC Grand Floridian

DVC just started construction last year on The Grand Floridian at WDW

 

[sjuhawk_jd]

I believe Hilton Marbrisa (formerly Grand Pacific Marbrisa) in Carlsbad is still under construction. They were showing a scale model made out of Legos outside of Legoland this summer. I declined the $100 lego gift certicate for a tour.

Yes, Hilton is pumping million of dollars in this resort in Southern California. It appears that demand from Arizonians is great for timeshares in Carlsbad area and entire southern California.

 

[linsj]

I'm not sure if the Beach Walk project is new or a conversion.

It's a conversion.

 

[ronparise]

Wyndham is no longer building but they have moved to an asset management business. They are actively looking for busted condo developments to convert to timeshares. In most cases they are acting as sales agent for the failed developer or their bank...and then managing the property Reunion is one example

 

[timeos2]

Wyndham is no longer building but they have moved to an asset management business. They are actively looking for busted condo developments to convert to timeshares. In most cases they are acting as sales agent for the failed developer or their bank...and then managing the property Reunion is one example

Thankfully they abandoned the HORRIBLY located "Desert Blue" in LV. That was a disaster waiting to happen if they actually built it. The new plan takes failed developments they didn't have to fund, generates income from management and possible sales with virtually no capital required. It is an excellent model and should serve them well. Too bad we aren't likely to see any more purpose built new Wyndham locations but we really didn't need anymore (or any other brand) anyway. Once the glut of resales is gone maybe then developers can carefully consider new resorts in locations that are truly under served - NOT more Hawaii, LV, Orlando, Williamsburg or, heaven help us, Branson locations.

 

[MULTIZ321]

Spinnaker's Bluewater Resort on the north end of Hilton Head Island is still under construction. Building One is completed, as is the indoor pool complex. Building Two is currently under construction and the resort is still in active sales.

Richard

 

[Carol C]

I think this is an interesting thread. I don't see Marriott building new/from scratch...they're pushing hard on their points program. Wyndham bought an old complex in Myrtle Beach, the Towers at North Beach or sumpin, and they are not fully sold or occupied. And they look frumpy and have an odd set-up vis a vis parking. But I digress. The big corporate players are probably sitting on cash on the sidelines, waiting to buy up little guys while the economy continues to slump. Just like all the corporate raiders and vultures of Wall Street, the big players continue to keep large cash reserves looking toward a day they can snap up distressed companies/properties via "Mergers and Acquisitions".

 

[T_R_Oglodyte]

I think this is an interesting thread. I don't see Marriott building new/from scratch...they're pushing hard on their points program. Wyndham bought an old complex in Myrtle Beach, the Towers at North Beach or sumpin, and they are not fully sold or occupied. And they look frumpy and have an odd set-up vis a vis parking. But I digress. The big corporate players are probably sitting on cash on the sidelines, waiting to buy up little guys while the economy continues to slump. Just like all the corporate raiders and vultures of Wall Street, the big players continue to keep large cash reserves looking toward a day they can snap up distressed companies/properties via "Mergers and Acquisitions". As for job creation...fuhgetboutit!

This really doesn't need to be a political thread. Why are you dragging it that way?

 

[yumdrey]

Marriott Oceana Palms and Chrystal Shores

Both resorts are still under construction and Oceana Palms will finish the second building coming spring/summer.

 

[Carol C]

This really doesn't need to be a political thread. Why are you dragging it that way?

It's not political...if you have any doubts that the biggest corporations are sitting on huge cash reserves waiting for the change to acquire distressed companies, you oughta watch CNBC, Fox Business Network and others. Financial news analysis does not equate to politics!

P.S. I just re-read my posting and I did mention "jobs" which some consider to be a political issue...so I'll edit that out of my original posting. Sorry to have offended you.