Vacation Development, Inc. was founded in 1973 by Richard "Dick" Drechsler. Since then, the company has been an innovative leader in all aspects of the vacation ownership industry. The principals have a broad background in resort development, legal and regulatory issues, and hospitality management, as well as resort sales and marketing. The company's core competencies include site acquisition, obtaining zoning and government entitlements, feasibility and marketing/sales studies, design and construction management, marketing and sales management. As strong proponents of the American Resort Development Association's (ARDA) Code of Ethics, the principals of Vacation Development have worked tirelessly on legislative and regulatory issues that originally opened the way for the major hotel brands to enter the shared vacation ownership industry. Vacation Development led the way in technological innovation when it formed it's affiliated company, Resort WiFi, in 2003.
We recently completed an exhaustive feasibility study exploring the possibility of incorporating a shared ownership component into the Trilogy active lifestyle communities. We continue to provide consulting services to Shea Homes as they analyze how to implement the shared ownership development.
We are working closely with several other industry leaders to assist "legacy" resorts analyze and determine if the timeshare regime is sustainable or if there are other "highest and best uses" for the property. Strategies range from obtaining financing to reactivate a viable sales program to converting to hotel/motel use by affiliating the project with a major brand hospitality company.
Ever vigilant, Vacation Development has been assisting resort management and individual owners to avoid or mitigate the results of some serious trends that developed within the industry as a result of the economic downturn which began in 2008. The company has launched a subsidiary, Association Recovery Services, to assist homeowners associations (HOAs) obtain clear title to weeks that have been conveyed to so-called "Viking ships" (limited liability companies which have no assets and are typically formed in states that only have judicial foreclosure procedures) making it cost prohibitive for small homeowners associations to recover the lost timeshare asset and the maintenance fees these assets otherwise generate. We also work with resorts and the half-dozen or so legitimate resale companies that specialize in reselling homeowner association-owned timeshare intervals. The company is a strong proponent of legislation recently enacted in Florida and similar legislative initiatives in other states, including administrative actions in some states, that make it illegal to convey timeshare intervals into "Viking ships."
Through it's affiliate, Resort WiFi, the company was instrumental in introducing economical, high-speed wireless internet ("WiFi") to the resort industry. By 2007, when it was sold to Wayport, an AT&T company, Resort WiFi commanded nearly a 20% market share within the timeshare industry.
Under contract to an independent trust established by Fairfield Resorts, a Wyndham company, Vacation Development administered a Trust which had a $25 million fund to provide matching grants that, over a 5-year period, enabled 70 resorts to upgrade their Star ratings. Grants were provided for capital improvements, refurbishment, FF&E additions and replacement, and infrastructure enhancements. The more interesting aspect of this project was dealing with resorts that had significant damage resulting from national disasters. Our expertise in this regard was born from our management experience dealing with numerous situations that required shutting down resorts, relocating guests, working with insurance companies and the exchange companies to help owners and guests reschedule their vacations.
Originally branded as an Embassy Vacation Resort, our company was responsible for the entire development process of what is now known as Sheraton's Desert Oasis. Located adjacent to the Princess Hotel and just a block from the famed TPA Golf Course in Scottsdale, Arizona, this resort remains one of the premiere shared ownership resorts in the country. Vacation Development located and negotiated the land acquisition and worked with the City of Scottsdale and Maricopa County to obtain the zoning, licenses and permits necessary to facilitate construction. We also located and hired the architects and interior designers and managed all aspects of the construction, working with a local building contractor. During the construction process, we coordinated these activities with the owner to facilitate a successful pre-sale program during which over $6 million in sales were consummated before the Certificate of Occupancy was issued.
Sheraton's Desert Oasis consists of 306 two-bedroom lock-off units and a host of resort amenities that rival any conventional 5-Star resort property.
The rich, southwestern-themed furnishings of the plush lobby set the tone for the individual guest accommodations.
The spacious, plush accommodations boast a roomy lock-off unit, high-quality furnishings, granite counters & shower/tub enclosures, Jacuzzi tubs, marble floors and first class appliances and electronics.
At the time of construction, the giant water feature, with it's hidden hot water grotto and cascading waterfall, was the second largest water feature west of the Mississippi River.
The resort is amenity rich, including a childrens' play area, a snack bar, juice bar, sundry and souvenir shop, two pools, hot-water grotto, work out gym, and pool towel and supply dispensary.
The founder of our company was the president of the Plaza Resort Club, his first vacation ownership project. This project was a conversion of 103-room hotel located on the Truckee River in the heart of Reno, Nevada.
Vacation Development is still actively involved in the management and marketing of the Plaza Resort Club.
The Plaza Resort Club is richly decorated with an abundance of antiques adorning the common areas. The resort provides a quiet, peaceful oasis in the midst of Reno's bustling casinos, adrenalin pumping table games and clanging slot machines.
OUR SOLID FOUNDATION...
Vacation Development, Inc. was originally formed in Colorado in 1973 as International Registration Service. Having served on an industry committee to work with Congress and the Department of Housing and Urban Development, Mr. Drechsler was instrumental in the successful lobbing that resulted in the passage of the Interstate Land Sales Act and promulgation of the associated Administrative Regulations. As a result, the company was able to work with corporate legal counsel to effect successful registration of their respective company's second home projects with HUD and in numerous states that passed similar legislation in response to the federal initiative.
When the timeshare concept was introduced during the late-70s, Vacation Development was perfectly positioned to develop one of the earliest timeshare projects in the United States, the Plaza Resort Club.Vacation Development has been an industry leader for four decades and its principals have served on various American Resort Development Association committees and spoken at numerous conventions and forums.