A long awaited purchase of this NY resort is once again delayed as the purchaser extends the closing date. Hundreds of timeshare owners are not certain of how they’ll be embraced by the buyer of the hotel and its amenities. A resurgence of interest in the Catskills could bode well for a new owner willing to upgrade the property but will modernization of the timeshare villas fall entirely on the families who own the intervals? Who has up to date info on this timeshare story?
-
The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!
Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day! -
TUG started 31 years ago in October 1993 as a group of regular Timeshare owners just like you!
Read about our 31st anniversary: Happy 31st Birthday TUG! -
TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!
Free memberships for every 50 subscribers!
Visit TUG on Youtube! -
TUG has now saved timeshare owners more than $23,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!
Read more here: TUG saves owners more than $23 Million dollars -
Sign up to get the TUG Newsletter for free!
Tens of thousands of subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners! -
Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!
All T-shirt options here!
What’s the fate of the Villa Roma in the Catskills?
- Thread starter Sullco2
- Start date
The latest seems to be that the buyer walked away. Perhaps a financing issue. Rumors abound but I’m surprised a big brand doesn’t step in and grab a fire sale bargain. Other than the pioneering Poconos resorts there are no large scale resorts in the world of time sharing in the entire Northeast. With the NYC market 125 miles away and the Catskills having a huge renaissance this should be a target. The existing owners are deeded but they face the choice of watching the place deteriorate further or getting bought out. I don’t know what the sales price was but for a Wyndham it should be attractive.
- Joined
- Jul 16, 2010
- Messages
- 11,334
- Reaction score
- 7,582
- Location
- The Weirs, New Hampshire
- Resorts Owned
- Innseason Pollard Brook
I have a friend who currently lives in Rockland County who has owned there for years. I have to talk to her to see what’s up. She’s going to be moving to Florida soon.
BTW- hello. I’m an ex Sullivan County resident! Moved away 3 years ago.
beinggreen
Guest
Buyer is back and ready to deal. 435 acres plus all the infrastructure seems like a good deal for $15 million. Has a devoted customer base too. Not a lot of places to stay in that area either, definitely none of this scale.
We stayed here in August - needs a LOT of investment and renovation, with much deferred maintenance. It seemed popular; they also put some effort behind making it a conference space too. That business was hit very hard in recent years but at 90 miles from NYC it has potential for offsite meetings and confrences. It would be nice to see it become a destination resort again.
We stayed here in August - needs a LOT of investment and renovation, with much deferred maintenance. It seemed popular; they also put some effort behind making it a conference space too. That business was hit very hard in recent years but at 90 miles from NYC it has potential for offsite meetings and confrences. It would be nice to see it become a destination resort again.
Buyer is back at table ready to purchase, renovate Villa Roma for $15 million - Sullivan County Democrat
CALLICOON – After a faltering start to purchase the Villa Roma Resort and Conference Center in Callicoon, the buyer has once again lined up financing incentives from the Sullivan County …
www.scdemocratonline.com
As of Labor Day 2024 the deal for the sale of Villa Roma resort is back on, per the Sullivan County Industrial Development Authority. Closing next week. Promised upgrade investment of over $20 million. Same buyer has moved Heaven and Earth to secure financing so timeshare owners—a very long term, multigenerational group—should be patient and let the new buyer take the reins and do the work. A rising tide will lift their boats too
callwill
TUG Member
We have 4 2 br units reserved there in mid october for a family get together that ends with a wedding in the area.
We haven't been there in ages, but we loved it there. Hope it's onward and upward for them!
- Joined
- Jun 6, 2005
- Messages
- 7,178
- Reaction score
- 5,111
Sounds like fun!
Bunk
TUG Member
The sale finally closed.
I don’t think the timeshare owners are included in this sale. It will be a home run for them if the new owner renovates the property and the infrastructure. I don’t know the relationship between the resort and the timeshare units; but I wonder if the new owner is able to levy an assessment against the timeshare units for a percentage of the property improvements.
midhudsonnews.com
I don’t think the timeshare owners are included in this sale. It will be a home run for them if the new owner renovates the property and the infrastructure. I don’t know the relationship between the resort and the timeshare units; but I wonder if the new owner is able to levy an assessment against the timeshare units for a percentage of the property improvements.
Villa Roma sold; former owner dies days later - Mid Hudson News
CALLICOON – The famed Villa Roma Resort in Callicoon was purchased one week ago by an international group with a limited liability corporation dubbed Fay Hospitality Catskills, said Ira Steingart, the executive director and a member of the Sullivan County Industrial Development Agency. The IDA...
midhudsonnews.com