HitchHiker71
Moderator
- Joined
- Jun 29, 2018
- Messages
- 6,643
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- Location
- The First State
- Resorts Owned
- Outer Banks Beach Club I (PIC Plus)
Colonies at Williamsburg (PIC Plus)
CWA VIP Gold (718k EY)
National Harbor Resale (689k)
For those interested - this was announced on T&Ls site at 9:00AM EDT today: https://investor.travelandleisureco...ew-resort-destination-near-lsu-in-baton-rouge
Full press release here: https://www.businesswire.com/news/h...ew-Resort-Destination-Near-LSU-in-Baton-Rouge
Per this excerpt from the article - this project will use an existing hotel building location:
So, we won't see anything until late 2027 at the earliest, so likely 2028 best estimate. Interesting that it's a multi-format type resort, including VOIs, hotel rooms, and wholly owned units (condos). Perhaps this is a leading indicator of how many of these SI resorts will be brought to market - using a three legged stool type approach with a mix of VOIs, hotel space, and condo owners.
Full press release here: https://www.businesswire.com/news/h...ew-Resort-Destination-Near-LSU-in-Baton-Rouge
Per this excerpt from the article - this project will use an existing hotel building location:
As a conversion project, the existing 11-story hotel located at 201 Lafayette Street was purchased by Northshore Development and its investment partners, including Kituwah LLC, the economic development arm of the Eastern Band of Cherokee Indians. The project also includes investment from various businesspeople, including, but not limited to, Shaquille O’Neal, an LSU graduate.
The existing hotel will continue operations throughout 2026, with renovations slated to begin in early 2027. When complete, it is anticipated that the property will relaunch as a Sports Illustrated Resorts destination, featuring a combination of vacation ownership, hotel and whole ownership units. Renovations are expected to be completed in late 2027.
So, we won't see anything until late 2027 at the earliest, so likely 2028 best estimate. Interesting that it's a multi-format type resort, including VOIs, hotel rooms, and wholly owned units (condos). Perhaps this is a leading indicator of how many of these SI resorts will be brought to market - using a three legged stool type approach with a mix of VOIs, hotel space, and condo owners.
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