News & Events
Give Your Loved Ones the Gift of Time
Febuary 12, 2010
By Lou Ann Burney and Sarah Jane Scruggs
Washington, DC – February 12, 2010 – Are you looking for the perfect gift for a loved one? With affordability on everyone’s mind, the Amer...
By Lou Ann Burney and Sarah Jane Scruggs
Washington, DC – February 12, 2010 – Are you looking for the perfect gift for a loved one? With affordability on everyone’s mind, the American Resort Development Association (ARDA) reminds people that there’s no gift like the gift of spending time with your loved ones and away from the strains of daily life. ARDA points to a growing body of research that show there are undisputed, long-term benefits associated with taking vacations that contribute to stronger relationships and better health.
Howard Nusbaum, ARDA president and CEO says “Medical research shows that spending quality time with loved ones – not the occasional day here or there – has proven beneficial in strengthening relationships and rejuvenating your overall well being.”
According to ARDA, such medical data supports the view that vacations should be seen as a necessity rather than a luxury. The timeshare industry has long since promoted the need to take time to vacation at least once a year. In fact, it’s one of the reasons why timeshare owners continue to travel despite tough economic times.
“People are looking for options to get the most value out of their vacations,” said Nusbaum. “Timeshare accommodations allow for families to enjoy each other’s company eating around a dining room table instead of spending money at restaurants every night or sharing a pizza on a hotel bed.” And timeshare ensures this process will happen at least once a year, every year, which means a healthier, more relaxed life.
For further information, please visit www.VacationBetter.org.
Breckenridge Resort Developer Announces the Opening of Second Phase of the Grand Lodge on Peak 7
December 30, 2009
Breckenridge Grand Vacations, development company of both Gold Point Resort and Grand Timber Lodge, has announced that the second phase of their newest resort, the Grand Lodge on Peak 7, ope...
Breckenridge Grand Vacations, development company of both Gold Point Resort and Grand Timber Lodge, has announced that the second phase of their newest resort, the Grand Lodge on Peak 7, opened on Saturday, December 19, 2009. The Grand Lodge on Peak 7 is the third resort to be built by Breckenridge Grand Vacations, and is considered to be one of Breckenridge's premier lodging and timeshare developments with a nearly unparalleled location.
The first phase of the resort opened in early June of this year and included 14 residences as well as many amenities including an indoor/outdoor aquatics area, Soothe Day Spa and Salon, Sevens restaurant, fitness facility, grotto, Family Fun Center including 2 theatres and a fully equipped game room.
Phase 2 of the resort opened in mid-December and includes 21 additional residences and includes the Grand Lobby, concierge desk, front desk, lobby bar, and additional outdoor water amenities.
The third phase is scheduled to open in December 2010, with two more phases left to open after that. Developers are expecting the resort to be completed in 2014 with 114 residences.
If you are interested in learning more about the Grand Lodge on Peak 7, please call 888-783-8883 or visit www.GrandLodgeonPeak7.com.
New Spa at the Grand Lodge on Peak 7 Opens
November 03, 2009
The new ultra-luxurious spa at the Grand Lodge on Peak 7, known as Soothe, is now open. Soothe is a full service day spa that offers a variety of spa treatments, salon services, pampering a...
The new ultra-luxurious spa at the Grand Lodge on Peak 7, known as Soothe, is now open. Soothe is a full service day spa that offers a variety of spa treatments, salon services, pampering amenities and high end fitness facilities.
One of the unique characteristics that makes Soothe stand out from other luxury spas in the area is the construction of specialty treatment rooms, built solely for specific therapies that require certain design elements. A ?couple?s room? was built for the convenience of side by side spa services, which include a full menu of massage and facial options. Soothe also has its own ?wet room? for mud, salt and sugar treatments. This room employs a vichy shower, which is a shower bar fitted with seven shower heads. The entire room is tiled in slate, making it completely waterproof. Other treatments that can be found at Soothe include skin resurfacing treatments, such as microdermabrasion with light therapy or galvanic cellulite treatments.
The salon menu at Soothe offers specialty manicures, pedicures and hair services using top quality products. Soothe spared no expense on its salon equipment, as is evident by the pipeless pedicure chairs. The chairs are equipped with hand blown glass tubs and feature a triple air bag system that offers a one-of-a-kind massage experience.
Soothe uses only top of the line products that reflect the caliber of the spa itself. The spa uses and sells organic skincare products from Hungary, called ilike? (e-leek-a), as well as Zents? products, which are made in Boulder, Colorado. Another product line sold at Soothe is Erbaviva?, which manufactures 100% organic ?mommy and baby? products including creams, oils, soaps, sunscreens, and deluxe gift sets.
The fitness area at Soothe boasts unparalleled views for the health-conscious to enjoy during their workout. All of the weight training equipment is from Technogym?, known for building commercial grade apparatus often used in Olympic training facilities. There are individual televisions and iPod docking stations in each piece of cardio equipment. The Kinesis cable crossover machines by Technogym? are being touted as the ?next step? in this type of exercise equipment. Soothe also offers group fitness classes including yoga, pilates, spinning, body sculpting and more. For more personalized and individual attention, Soothe also provides personal training sessions.
As if all of the above isn?t enough, Soothe completes the ultimate spa experience with an exclusive amenity that can?t be found anywhere else in Breckenridge, or Summit County, for that matter. The Grotto at Soothe is an alluring, adult-only enclave with a hot tub, waterfall, sauna and steam room. Grotto is the Latin word for ?cave? or better yet, ?a small cave near water.?
All of the Grand Lodge on Peak 7 timeshare owners and guests can enjoy all that Soothe has to offer during their stay at the resort. Soothe is also open to the general public, and anyone who receives a treatment at Soothe can use The Grotto at Soothe in addition to the entire fitness area, on the day of their spa and/or salon services. In addition, Soothe serves a full beverage menu provided by Sevens, the Grand Lodge on Peak 7?s on site restaurant.
For more information or to make an appointment, please call 970-547-8701. Appointments are highly recommended.
Timeshare Owners Kick the Tires Before They Purchase
October 22, 2009
Written by Lou Ann Burney and Sarah Jane Scruggs
According to Vacation Timeshare Owners Report, 2009 Edition by the ARDA International Foundation (AIF), recent timeshare purchaser...
Written by Lou Ann Burney and Sarah Jane Scruggs
According to Vacation Timeshare Owners Report, 2009 Edition by the ARDA International Foundation (AIF), recent timeshare purchasers are younger, wealthier and happy with their vacation product. Overall, more than six in ten timeshare owners are age 45 or older, with Baby Boomers ranked as the largest generation of timeshare owners (45 percent). However, recent purchasers are younger than timeshare owners in general, with 58 percent under the age of 45.
About half of recent purchasers rented a timeshare prior to buying (48 percent), and four out of five purchased from a developer or resort. The average household income for all owners is $92,405, and recent purchasers have an average household income of $94,933. Motivators for purchasing were the quality of accommodations, saving on future costs, and the credibility of the timeshare company. Over half say they purchased a timeshare to save money on future vacations.
"This study underscores the flexibility and value of vacation ownership products for a broad range of consumers and lifestyles. The value of timeshare that comes from its use gives people the discipline to have a better vacation year after year," said Howard Nusbaum, ARDA president and CEO.
Other results from the study include:
-Timeshare owners spent an average of 8.18 days on timeshare vacations in 2008.
-On average, the total number of guests on a timeshare vacation was 3.71, including the owner.
-Eighty-six percent of all timeshare owners responded that owning a timeshare was an excellent, very good, or good experience.
-Sixty-nine percent of all owners would recommend their own resort or vacation club.
-On average, timeshare owners have owned their intervals for 8.26 years.
-Timeshare owners say that beaches (52 percent), attractions/entertainment (48 percent), and shopping (39 percent) are the most appealing resort characteristics.
-Eighty-one percent of all owners say that their timeshare offers a vacation home away from home.
Methodology
This research was sponsored by the ARDA International Foundation and conducted by Penn, Schoen, and Berland Inc., a global market research firm. Interviews were conducted among a national sample of timeshare owners between May 8 and 15, 2009 -- approximately 7 months after the U.S. financial crisis began in late 2008. The report is based on analysis of 945 "traditional timeshare owners," including 195 "recent purchasers." 1Recent purchasers are defined as owners who made a timeshare purchase in the United States in the past twelve months. Unlike the last study, which relied on a single panel provided by the research vendor, the 2009 Vacation Timeshare Owners Report sample draws from multiple email sample vendors operating in the U.S., resulting in a relatively more diverse, random sampling of timeshare owners.
Timeshare Industry Proves Resilient
October 06, 2009
Written by Lou Ann Burney and Sarah Jane Scruggs
Despite tighter credit markets and high unemployment rates, the U.S. timeshare industry continues to demonstrate its resilience. <...
Written by Lou Ann Burney and Sarah Jane Scruggs
Despite tighter credit markets and high unemployment rates, the U.S. timeshare industry continues to demonstrate its resilience.
Although overall sales continue to reflect the national trend of lower consumer spending, timeshare owners continue to enjoy their pre-paid timeshare vacations, with an 80 percent occupancy rate and an 86 percent product approval rate. This compares with a 60.4 percent hotel occupancy rate, according to Smith Travel Research.
"The downturn in our economy has hit the tourism industry particularly hard; the timeshare segment, however, due in part to its pre-paid nature, is better equipped than most to weather a downturn," said Howard Nusbaum, president and CEO of the American Resort Development Association (ARDA). "The good news is that timeshare owners are still vacationing, and occupancy remains strong. Coupled with our industry's emphasis on new efficiencies and improvements to our business model, we will come through the current downturn and be ready to meet the expectations of customers."
Preliminary 2009 second quarter research indicates that nine out of 10 owners were current on monthly payments, a .2 percent increase over the preceding quarter. Sales efficiencies have improved, as measured by Volume Per Guest (VPG) of $2,043 that was up by two percent from the previous quarter level.
In addition, use of exchange options that offer timeshare owners the ability to trade resort destinations other than those of their "home resort" location are also strong, demonstrating that owners continue to enjoy their timeshares.
Several leading timeshare developers agree with Nusbaum's outlook.
"We've had the best summer on record, and sales continue to be robust. Just because the economy has slowed doesn't mean we have stopped doing what we do -we've taken a closer look at how we can refine our processes and products to deliver memorable vacations that families want to come back to year after year," said Don Harrill, president and CEO of Holiday Inn Club Vacations.
"At Disney, we have confidence in vacation ownership. In fact, we're enlarging our footprint outside of the Orlando area by the opening of our newest resort in California and developing one in Hawaii," added James M. Lewis, president of Disney Vacation Club.
Sergio Rivera, CEO for Starwood Vacation Ownership said, "Closing rates have held up better than expected given the discretionary nature of the product. This supports our belief that consumer dynamics will be strong over the long run."
This comes as no surprise to David Palmer, CFO of Diamond Resorts International. "Our closing rates this year are identical to those last year, and our collections remain strong. Additionally, our diversified cash flow business model has allowed us to substantially decrease our reliance on the capital markets."
Most developers report that decreased sales, in part, are a result of purposely slowed sales to maintain a healthy cash flow during the tightened credit market environment. In addition, the industry expects to limit new construction until inventory levels are reduced.
"An increase in volume aided by improving consumer sentiment and recovering capital markets will accelerate absorption," said Nusbaum. "Most of all, demographics are on our side, with baby boomers and succeeding generations eager to purchase a piece of flexible vacation real estate, allowing them the better vacationing and the undeniable value proposition that timeshare offers. Our industry is primed to fulfill the increased consumer demand for quality vacation experiences."
Research Shows Vacations Can Actually Make Kids Smarter
September 22, 2009
Written by Lou Ann Burney and Sarah Jane Scruggs
As the nation's children settle in for another school year, many parents and teachers wonder how the summer break affected their c...
Written by Lou Ann Burney and Sarah Jane Scruggs
As the nation's children settle in for another school year, many parents and teachers wonder how the summer break affected their children's academic achievement. Analysis of a U.S. Department of Education study found that children who travel over summer break - whether to a beach, historic site or a national park - did better in reading, math and general knowledge than their peers who didn't vacation.
"The data is clear - and gives hard-working parents another reason not to put off a summer vacation trip," said Dr. Bill Norman, Clemson University. "Providing kids with the experience of travel broadens their horizons and opens up their minds to learning."
A series of analyses were conducted to determine the relationship between summer vacation travel and academic achievement in children entering first grade. Specifically, the study explored whether going on a vacation, the number of days spent on a vacation and places visited were linked to academic achievement in the areas of reading, mathematics and general knowledge. The results revealed a significant difference in academic achievement and taking a family summer vacation trip. Children that traveled with their family over summer vacation scored higher on academic achievement assessment tests than those who did not travel. The days spent on family summer vacation trips had a modest significant relationship with academic achievement. Lastly, children who visited plays or concerts, art or science museums, historical sites, beaches or lakes, national or state parks, and zoos or aquariums had significantly higher academic achievement scores than those who did not.
"To date there has never been a study that plainly shows the correlation between travel and academic achievement," says Jessica Parker, researcher, Clemson University. "It was interesting to see the impact on a child when they spend vacation time away with their family."
Over three-fourths (75.2%) of the participants responded that the child had taken a family summer travel vacation prior to starting first grade. For those children that took a family summer vacation trip, the average number of days spent traveling was 11.8 days.
"The timeshare industry has always touted the importance of regular vacations for health and wellness," says Howard Nusbaum, president and CEO, American Resort Development Association (ARDA). "This study gives families yet another strong reminder that taking vacation has benefits beyond the actual week or two of vacation."
This research study of how vacation impacts childhood learning used the Early Childhood Longitudinal Study of the Kindergarten Class database from the United States Department of Education. The database contains information on 21,600 children followed from kindergarten through fifth grades. This year study examined children's early school experiences as well as family and life experiences, such as summer activities. The parents of a subsample of 5,047 children were asked about summer travel. Academic achievement was measured with a series of standardized test in the three areas of math, reading and general knowledge.
Although the results indicate that summer vacation travel and academic achievement are linked, other factors such as income level, parent's educational level and language spoken at home may influence these findings.
The Family Stimulus Plan
July 20, 2009
By Lou Ann Burney and Sarah Scruggs
While Americans patiently wait for the country's economic stimulus plan to take effect, it's clear that a separate plan is needed to spur recov...
By Lou Ann Burney and Sarah Scruggs
While Americans patiently wait for the country's economic stimulus plan to take effect, it's clear that a separate plan is needed to spur recovery in another area - the amount of time enjoyed with family. The American Resort Development Association (ARDA) recently surveyed visitors to its VacationBetter.org website to determine if they have enough quality time with their immediate and extended families. Nearly half of the respondents felt quality time spent with the family was lacking and a stimulus plan was the solution.
"Unfortunately vacation is one of the first things people give up when times get tough economically, and with that goes some of the best quality time you can get with your family," said Howard Nusbaum, ARDA president and CEO. "Tough times are when people need connect to their families even more, and it can be done very economically."
In hopes of counteracting the failing tradition of quality family time, ARDA has created the Family Stimulus Plan. As part of this package, ARDA is providing tips and suggestions on how to take time away to renew and rejuvenate with the family on its VacationBetter.org consumer information website. The Family Stimulus Plan provides travelers with helpful hints on planning a successful family vacation with either your immediate family or an extended family reunion. It contains event-planning tips, including managing invitations, selecting a location, ice-breaker games, decorations and ways to stay in touch all year long.
Another way to stimulate your interest in a family vacation is to hear from the health and wellness experts. It's a proven fact that people who spend time away reap health benefits far beyond that week or two of vacation. Vacations are not a luxury, but a necessity, for good health and well-being.
Owning your vacation with timeshare has shown to be a sure-fire way of guaranteeing that you won't find excuses not to vacation and in fact, will reap all of the benefits of having pre-paid your vacation ? quality resorts, family-friendly accommodations and regular getaways. In fact, according to an ARDA study, timeshare properties are experiencing an 82 percent occupancy rate despite tough economic times.
As we all focus on the economic stimulus, ARDA encourages us to remember an even more important plan we can enact on our own -- The Family Stimulus Plan. To download a customizable package, visit www.VacationBetter.org/Family-Stimulus-Plan.
About VacationBetter.org
The American Resort Development Association?s (ARDA) new on-line resource informs consumers on the importance of taking a vacation and the overall benefits of enjoying one - regularly - through shared vacation ownership. VacationBetter.org is a comprehensive, educational tool for consumers to learn about this travel option and to demonstrate a way for travelers to vacation better.
About ARDA
The American Resort Development Association is the Washington D.C.-based professional association representing the vacation ownership and resort development industries. Established in 1969, ARDA today has over 1,000 members ranging from privately held firms to publicly traded companies and international corporations with expertise in shared ownership interests in leisure real estate. The membership also includes timeshare owner associations (HOAs), resort management companies, and owners through the ARDA Resort Owners Coalition (ARDA-ROC).
Breckenridge Grand Vacations Releases Annual Recycling Report
June 15, 2009
Breckenridge Grand Vacations, development company of the new Grand Lodge on Peak 7, recently published their annual Recycling Program Report. The company has been actively practicing enviro...
Breckenridge Grand Vacations, development company of the new Grand Lodge on Peak 7, recently published their annual Recycling Program Report. The company has been actively practicing environmentally friendly ways of doing business for the past several years, largely in part to the beliefs of its founder, Mike Millisor. Millisor, who is President of Breckenridge Grand Vacations said, “Our company is committed to creating a culture that supports green initiatives.”
This ongoing commitment is evident in the 2008/2009 report, which showed that Breckenridge Grand Vacations recycled 88,200 pounds (or 44 tons) of newspaper and 31,500 pounds (or 16 tons) of aluminum and steel cans. In addition, 190,500 pounds (or 100 tons) of glass and over 57,750 pounds (or 29 tons) of plastic were recycled. A 5% increase over last year’s results.
New initiatives by the company include the use of fluorescent light bulbs at all properties, saving 84% in electricity usage. Breckenridge Grand Vacations also implemented a first-time-ever recycling program at The Breck Inn, a 33 room hotel in Breckenridge. The company has also been purchasing wind source credits for the past years, in an effort to replace energy produced by conventional electrical power plants for their corporate offices.
Breckenridge Grand Vacations continues its green initiatives with numerous energy saving measures. Automatic shut-off appliances, such as coffee makers and irons are featured in all resorts. Guest bathroom amenities such as shampoo and lotion are biodegradable. Housekeeping and Maintenance Departments make use of biodegradable cleaning and laundry products. To cut down on emissions, guests of Grand Timber Lodge and the Grand Lodge on Peak 7 enjoy complimentary in-town shuttle service. Recycling containers are located in all common areas. Millisor says, “I believe in the philosophy that if recycling is made easy, people will gladly do it.”
Breckenridge Grand Vacations’ third resort, the Grand Lodge on Peak 7 is the culmination of the company’s green efforts. Even during construction, there have been massive efforts to be as environmentally friendly as possible. A vast recycling program at the construction site resulted in recycling and reusing on-site boulders, all steel scraps, most plastic, cardboard, wood and drywall. HVAC systems were upgraded to control contaminants during construction. Environmentally sensitive groundwater mitigation measures have been strictly followed. Lastly, Millisor and his partners chose to use a “scientific building envelope,” a sophisticated building science to create a more energy efficient structure with a super-insulated roof and a high efficiency wall sheathing system.
The Grand Lodge on Peak 7 opened its first phase with 14 residences on May 29, 2009. All residences at the resort feature green paper products. Every unit is equipped with recycling containers and there are plans to build a separate recycling trash chute. Some appliances are made of recycled stainless steel and low flow toilets and showers have been installed. Individual heating controls in each residence, with “eco-mode” allow for increased efficiency. Residences are wired to a monitoring system that automatically turns off lights and reduces the heat in rooms that have not shown movement for a specific amount of time. Installation of auto-off gas fireplace controls, air movement systems (instead of air conditioning) and dark sky compliant fixtures contribute to a cleaner environment. The grounds are equipped with moisture sensors for snow melt. Many sidewalks and walkways will be plowed and shoveled, rather than implementing the use of energy-wasting snowmelt. And, the indoor/outdoor aquatics area employs an eco-friendly salt chlorination system.
The company also encourages its employees to practice green initiatives. Upon learning of the 2009 Colorado Association of Ski Towns Reusable Bag Challenge that kicked off in March, Breckenridge Grand Vacations decided to distribute reusable shopping bags to every employee at the annual company picnic in May. The company purchased 500 of these bags to promote the challenge. The grand prize for the challenge is $10,000 toward a solar-panel installation for a local school, donated by Alpine Bank and PCL Construction. It’s up to the community to determine which school will get the solar panel should Summit County win the challenge. Millisor says, “It’s our civic responsibility to implement green practices and we truly want to help the Summit County school system win this challenge. Our employees were very excited to receive their reusable shopping bags.”
Millisor adds, “The United States is 5% of the world’s population, but uses 25% of the world’s natural resources. We, as a company, can feel good knowing we are doing our part to reduce this number.”
For more about Breckenridge Grand Vacations or their ongoing efforts to help the environment, please call (888) 783-8883 or visit www.breckenridgegrandvacations.com.
Grand Lodge on Peak 7 Opens First Phase
June 02, 2009
Breckenridge Grand Vacations, development company of both Gold Point Resort and Grand Timber Lodge, has announced that the first phase of their newest resort, the Grand Lodge on Peak 7, open...
Breckenridge Grand Vacations, development company of both Gold Point Resort and Grand Timber Lodge, has announced that the first phase of their newest resort, the Grand Lodge on Peak 7, opened on Friday, May 29, 2009. The Grand Lodge on Peak 7 is the third resort to be built by Breckenridge Grand Vacations, and is considered to be one of Breckenridge's premier lodging and timeshare developments with a nearly unparalleled location.
Located at the base of the Independence SuperChair and on the BreckConnect Gondola route, the luxury ski-in/ski-out resort will have 114 condominiums upon completion. The section that opened on Friday features 14 residences, indoor aquatics area, Soothe Day Spa, family fun center and Sevens restaurant. Developers are expecting the resort to be completed in 2014. Future amenities will include a lobby bar, multiple indoor/outdoor pools, water features and hot tubs.
The Grand Lodge on Peak 7 is an affordable alternative to other ski-in/ski-out resorts throughout the county. While owners may purchase one-week ownerships, multiple week packages are available.
If you are interested in learning more about the Grand Lodge on Peak 7, please call 888-783-8883 or visit www.GrandLodgeonPeak7.com.
Frequently Asked Questions about Timeshare (or Vacation Ownership)
Febuary 16, 2009
The timeshare industry has increased dramatically in popularity in the past couple decades. In fact, as of January 1, 2008, over 4.7 million U.S. households owned at least one timeshare int...
The timeshare industry has increased dramatically in popularity in the past couple decades. In fact, as of January 1, 2008, over 4.7 million U.S. households owned at least one timeshare interest. For many this is no surprise. After all, who wouldn’t want to own a guaranteed vacation for life?
More proof of vacation ownership’s increasing appeal can be seen with the success of the newest timeshare resort in Breckenridge. The Grand Lodge on Peak 7 has seen record sales this year as buyers secure a lifelong ability to access a vast vacation network. While many people understand the value and details of the timeshare product, many people are hesitant and have questions. Here are some of the most frequently asked questions:
Question - How do I know if timeshare right for me?
Answer - Timeshare is best suited for people who take at least one week of vacation per year and who want more space and options than commonly offered by a hotel room. The most popular unit types are furnished, two bedroom condos with two baths, an equipped kitchen and living room. Families enjoy having both privacy and home-like common areas to enjoy vacationing together with ample space. If you seldom take a vacation or are looking for a real estate investment to “flip,” timeshare is NOT a great option for you.
Question - What is a timeshare? Is it the same as vacation ownership?
Answer -Timeshare and vacation ownership are often used as interchangeable terms. Timeshare may be purchased through deeded property ownership, right-to-use or a points-based program. Owners purchase a residence, usually in one-week increments, within a “fixed” or “floating ” time frame. This allows owners to schedule their vacations within a specified week or season every year. Vacation ownership may also be used to describe the three main options of shared use: timeshare, fractionals, and private residence clubs. The Grand Lodge on Peak 7 is a timeshare resort that sells deeded real estate in one-week intervals, and offers both fixed and floating ownership options.
Question - After I purchase a timeshare, are there other costs are involved?
Answer - Yes. As a partial owner of a real estate interest, you will pay annual homeowner association dues to cover the costs of operating the resort. These include daily management, upkeep, and improvements. As an owner, you also pay a percentage of annual real estate property taxes.
Question - Am I able to exchange the week I own at my “home” resort for another week in another location?
Answer - The timeshare exchange program enables owners to trade their timeshare for comparable accommodations at other resorts throughout the U.S. and internationally. Most resorts are affiliated with an exchange company. There is often an annual membership fee to belong, plus owners pay a small fee when an exchange is made. The Grand Lodge on Peak 7 is affiliated with the premier exchange network, Interval International, which has over 2,200 member resorts world-wide.
Question - What is the difference between a “fixed” and “floating” ownership?
Answer – “Fixed” ownership means the owner owns the right to occupy the same week every time they visit. “Floating” ownership offers the flexibility to reserve a week within a specified season, based on availability. The Grand Lodge on Peak 7 offers both “fixed” and “floating” ownership options.
Question - What is a point system?
Answer - Points generally represent the value of a weekly increment of timeshare purchased. Like currency, points are symbolic of the product or service being used or reserved. Purchasing points allows the owner to utilize them for more flexible vacations. Resort companies’ points programs can differ from one another. At the Grand Lodge on Peak 7, owners may use their points to reserve different combinations of residence sizes, seasons, and lengths of stay.
Question - What is the difference between purchasing timeshare directly from the resort company and purchasing timeshare from a used timeshare interest?
Answer - Timeshares bought from a developer usually come with developer-only closing incentives and other benefits. The Grand Lodge on Peak 7 offers its buyers several of these benefits. In addition, the timeshare development industry is highly regulated by each state and offers stringent consumer protections. The resale market is not as heavily regulated, and therefore may not offer the same consumer protections or benefits.
Question - Can I rent a timeshare?
Answer - Most resorts offer the option of renting a timeshare just like any other condominium, based on availability. If you are interested in renting at a particular resort or property, inquire with that resort or visit the website of the resort company to learn more about their rental policies. If you own a timeshare and find you cannot use it for a certain time period, check with your resort company. You may be able to rent it out yourself, have the resort or rent it out for you, or you may be able to “bank” your timeshare week as a credit for larger accommodations or other options the following year. The Grand Lodge on Peak 7 offers nightly rentals as well as all of the ownership options listed here.
Question - Will I receive a deed with my timeshare purchase? Is it important to receive a deed for my purchase?
Answer - All shared ownership resort interests come in two basic forms: a deeded interest in real estate and a right-to-use, or non-deeded, interest. These two basic forms are called by many names—some required under state law and others adopted for marketing purposes. However, the majority of shared ownership resorts today convey a use right backed by a deeded interest in real property—by whatever name it may be called. Deeded real estate interests are usually called “timeshare estates” under state law, and non-deeded interests are “timeshare uses” or “timeshare licenses”, but may also be called “memberships.” The Grand Lodge on Peak 7 sells only deeded interests.
Owning a timeshare is an extremely smart and affordable choice for families who enjoy traveling at least one week per year and who enjoy variety. You own a piece of your resort - it’s your destination, your choice, your vacation. The Grand Lodge on Peak 7, scheduled to open in May of 2009, is currently offering preview tours to interested parties looking to own a vacation for life. For more about the Grand Lodge on Peak 7, please call (888) 783-8883 or visit www.grandlodgeonpeak7.com. For more about timeshares in general, please visit www.vacationbetter.org.
Take Two Weeks and Call Me in the Morning
September 19, 2008
By Lou Ann Burney and Sarah Scruggs
American Resort Development Association Concurs with Recent Survey Findings that Americans are Vacation-Deprived
While many people a...
By Lou Ann Burney and Sarah Scruggs
American Resort Development Association Concurs with Recent Survey Findings that Americans are Vacation-Deprived
While many people across this great nation get ready to celebrate the first weekend of summer, most people don’t have any plans to vacation this year. Based on the recent Expedia Vacation Deprivation™ survey, Americans not only receive the smallest amount of vacation time among their counterparts abroad, they often fail to use it. The American Resort Development Association (ARDA) challenges the vacation-deprived among us take the first step to recovery and admit there is a problem.
“I’m dismayed but not surprised at these findings,” said Howard Nusbaum, ARDA president and CEO. “People need to realize that taking time to unwind is an important health benefit. Relieving stress, spending family time and re-energizing will pay dividends throughout the rest of the year.”
The second step in vacation deprivation recovery is to ensure that the vacation is the best possible experience it can be. ARDA member resorts provide spacious accommodations in stunning locations with all the comforts of home. A timeshare resort offers hassle-free second home vacations designed with the sole purpose of making the most of precious leisure time together.
Expedia found that despite reporting an average of 14 paid vacation days again this year, the same as 2007 and two more than in 2005, an estimated 47.5MM Americans will not use all of their vacation days. Again this year, employed U.S. adults will leave an average of three vacation days on the table, in essence giving back more than 460 million vacation days in 2008.
Everyone deserves not only a vacation, but a better vacation. For more information contact ARDA at www.vacationbetter.org.
Family Travel and Reunions on the Rise, Survey Says
September 18, 2008
By Lou Ann Burney and Sarah Scruggs
American Resort Development Association Encouraging Families to “Take Time for Togetherness”
Honoring the long tradition of connecti...
By Lou Ann Burney and Sarah Scruggs
American Resort Development Association Encouraging Families to “Take Time for Togetherness”
Honoring the long tradition of connecting far-flung families through timeshare resorts, the American Resort Development Association (ARDA) offers “how-to” travel options to help make family reunions fun, affordable and stress-free. As the summer travel season closes, ARDA provides travelers looking ahead to next year’s family get-togethers with suggested reunion activities, location ideas and success tips as part of its “Take Time for Togetherness” initiative.
Family reunions continue to grow in importance—and according to a recent Orbitz study, 50 percent of respondents said their favorite group to travel with is their extended family. And although the survey respondents wanted to be together for activities and meals, when asked about preferred sleeping arrangements, most said they wanted privacy.
“Today’s family reunions look very different than yesterday’s outdoor picnics and sleeping on your grandmother’s couch. Families now want to make the most of traveling long distances to visit relatives,” said Howard Nusbaum, ARDA president and CEO. “From spacious accommodations to activities for everyone, many travelers are turning to timeshare products as vacation options for family reunions. Timeshare continues to provide an experience for large families to be together, while still retaining space for themselves.”
“Take Time for Togetherness” provides travelers with event planning tips, including managing invitations, selecting a location, ice-breaker games, decorations and ways to stay in touch all year long. The helpful hints are available at www.vacationbetter.org.
“Every year for the past thirteen years, I’ve received the best holiday gift a person could hope for—three generations of my family coming together for a week during the Christmas season,” said Susan Humme, a timeshare owner. “I feel so lucky that all of us have been able to get together at MountainLoft in the Great Smoky Mountains and enjoy family time together year after year. It really makes the most wonderful time of the year even more special,” she added.
Everyone deserves not only a vacation, but a better vacation—especially when it’s a family reunion.
Affordable Slopeside Real Estate in Tough Market
September 11, 2008
Unless you have been cut off from all major news outlets for the past year, you know that real estate in the US has been in a free-fall. Until recently, Summit County had seemed immune. Ho...
Unless you have been cut off from all major news outlets for the past year, you know that real estate in the US has been in a free-fall. Until recently, Summit County had seemed immune. However, 2008 has seen a 24% decrease from 2007 in real estate sales volume during the first six months (from Land Title Guarantee Company June 2008 Market Analysis). The June report also indicated a 45% decrease in number of transactions compared to the month of June 2007. A difficult economy and high prices have combined to deliver a one-two punch to a market that used to seem untouchable.
One area where the market has certainly not slowed is in Vacation Ownership – where people buy increments of deeded property from one week to ten weeks or more. Vacation Ownership enables people to buy real estate for only the amount of time they are going to actually use it, without the worries of upkeep and security.
Through the month of July, 2008 has been a record-breaking year for Breckenridge Grand Vacations, the developers of three local Vacation Ownership resorts: Gold Point, Grand Timber Lodge and the new Grand Lodge on Peak 7. In the first 24 hours of pre-sales for the Grand Lodge on Peak 7, which launched on December 8th, 2007, the company sold over $5 million of weekly ownership. During the first fiscal-year quarter of 2008, which runs from May through July, sales revenues were 18% ahead of the previous year.
As a result of recent real estate trends, more and more families are buying into Vacation Ownership as an alternative to owning a second home. Keith Trowbridge, President of Executive Quest, Inc. recently released a report that the timeshare industry, unlike general real estate and second homes, does not seem to be affected by the current downturn in the economy. Timeshare sales continue to grow at a 10-15% rate and the industry has broken the $10,000,000,000 per year sales number.
The American Resort Development Association (ARDA) recently published a “State of the Industry Study (2007)” on the growing trend of Americans buying into timeshares. As of January 1, 2007, 4.4 million households owned one or more US timeshares (or point-based equivalents).
The Grand Lodge on Peak 7 (a Vacation Ownership resort) is the newest addition to the Peak 7 base area development. The resort will consist of 114, two-bedroom condominiums with ski in/ski out access. Ownership is sold in one-to-ten week increments and includes exclusive country-club style membership with daily access to the resort’s numerous amenities: Sevens restaurant, Soothe Day Spa, day use locker rooms, a family fun center, indoor/outdoor aquatics area, and on-site parking.
“This is the perfect option for a family looking for real estate in the mountains; there are numerous ownership options, from one week or multiple weeks. And, the best part is that our owners who live in Denver are able to use their club membership at the Grand Lodge on Peak 7 any day of the year,” says Mike Millisor, President of the resort.
Since breaking ground over a year ago, the developers of Grand Timber Lodge and Gold Point Condominiums have completed a substantial amount of the construction on the Grand Lodge on Peak 7. The restaurant is expected to open in December of 2008 and the first units will be ready for occupancy in the late spring of 2009. The Grand Lodge on Peak 7 is expected to be one of Breckenridge’s premier resorts with a nearly unparalleled location. Being situated halfway up Peak 7 and halfway down to town, owners and guests at the Grand Lodge on Peak 7 will have easy access to both mountain adventures and town activities.
If you are interested in learning more about Vacation Ownership or the Grand Lodge on Peak 7, please call 888-783-8883 ext. 3638 or visit www.GrandLodgeonPeak7.com.
Construction Well Under Way at Grand Lodge on Peak 7
July 08, 2008
Since breaking ground over a year ago, the developers of Grand Timber Lodge and Gold Point Condominiums have completed much of the construction on their newest resort, the Grand Lodge on Pea...
Since breaking ground over a year ago, the developers of Grand Timber Lodge and Gold Point Condominiums have completed much of the construction on their newest resort, the Grand Lodge on Peak 7. The first phase of the resort is expected to open in May of 2009, followed by four more phases spread over a five year period. Phase 1 will consist of 16 residences and include Soothe Day Spa, fitness facilities, grotto, indoor hot tub, and Sevens Bar and Grill. There will be 21 residences in Phase 2 which will include the Grand Lobby, outdoor plunge pool with waterfall and slide, library and Porte Cochere. Phase 3 will bring 29 more residences on line as well as the remainder of the outdoor water amenities. 26 more residences will open up with the completion of Phase 4 and the final 21 residences are schedule to open at the end of Phase 5 in February of 2014.
Even though challenging winter conditions delayed the erection of the steel framework of Phase 1, construction at the Grand Lodge on Peak 7 is still on schedule. As of today, a portion of the roof has been completed, and workers have installed the electrical, mechanical and plumbing – the “vascular network” of the building – into the first two floors. The spa walls are complete, the theater has been added, and the exterior walls have been built. Window installation for Phase 1 was finished in April, and then work immediately began to erect the structural steel for Phase 2. In addition, pool work for the grotto has begun and the excavation for Phase 3 is nearing completion. All of the residences have been framed through the 4th floor of Phase 1. The Independence SuperChair lift towers have also been relocated about 500 yards down slope and the new section of Ski Hill Road is now open.
The Grand Lodge on Peak 7, which is the third resort to be developed by Breckenridge Grand Vacations, will be one of Breckenridge’s premier lodging and timeshare developments with a nearly unparalleled location. Being situated halfway up Peak 7 and halfway down to town, owners and guests at the Grand Lodge on Peak 7 will have easy access to both mountain adventures and town activities.
If you are interested in learning more about the Grand Lodge on Peak 7 please call 888-783-8883 ext. 3638 or visit www.GrandLodgeonPeak7.com.
"Green" Practices at the Grand Lodge on Peak 7
June 25, 2008
Breckenridge Grand Vacations, the development company that is currently building the new Grand Lodge on Peak 7, recently published their annual Recycling Program Report for their existing pr...
Breckenridge Grand Vacations, the development company that is currently building the new Grand Lodge on Peak 7, recently published their annual Recycling Program Report for their existing properties: Grand Timber Lodge, Gold Point Resort and the Breck Inn. Mike Millisor, President of Breckenridge Grand Vacations, said, “We are committed to doing the little things that add up to a big impact. Our goal is a corporate culture that supports practices that preserve and protect our environment through the participation of all departments.”
This commitment is evident in the 2007/2008 report, which showed that Breckenridge Grand Vacations recycled 84,000 pounds (or 42 tons) of newspaper. This is equivalent of saving 714 forty-foot fir trees, 294,000 gallons of water and 126 cubic yards of land fill. Their efforts also resulted in the recycling of 30,000 pounds (or 15 tons) of aluminum and steel cans, which is the equivalent to saving 35,250 gallons of gasoline. In addition, 190,000 pounds (or 95 tons) of glass was recycled, at an equivalency to 950 gallons of gasoline and 351.5 cubic yards of land fill. Over 22 ½ tons of plastic was also recycled, the energy equivalent of lighting 22 homes for a year! In total, Breckenridge Grand Vacations’ recycling program prevented 175 tons of glass, plastic, paper and metals from entering the Summit County landfill in the past year. This is a 10% increase over last year.
New initiatives by Breckenridge Grand Vacations last year include the use of fluorescent light bulbs at Grand Timber Lodge, Gold Point Resort and the Breck Inn in all bathrooms, can lights and hall lights. This saved 84% in electricity. Fluorescent bulbs pose their own risk due to the small amount of mercury in them. Therefore Breckenridge Grand Vacations has contracted with a company that sends proper disposal containers for these bulbs.
In addition, the company now purchases wind source credits to replace energy produced by conventional electrical power plants for their corporate offices. The company has also eliminated the use of polystyrene products from all operations. The Marketing Department has drastically reduced direct mail efforts to decrease paper usage, and have switched over to paperless lead generation techniques. Additionally the Sales Team provides ownership and disclosure documents to new owners
on CD ROM verses paper.
Their resorts feature automatic shut-off small appliances, such as coffee makers, irons, etc. Each lodging unit offers guests separate trash and recycling containers. Guest bathroom amenities such as shampoo and lotion are biodegradable and the Housekeeping and Maintenance Departments also make use of biodegradable cleaning and laundry products. To cut down on emissions, Grand Timber Lodge guests enjoy a complimentary shuttle service to in-town locations and back.
Breckenridge Grand Vacations’ third resort, the Grand Lodge on Peak 7 is the culmination of the company’s green efforts. Even during construction, there are massive efforts to be as environmentally friendly as possible. A massive recycling program at the construction site has resulted in recycling and reusing on-site boulders, all steel scraps, most plastic, cardboard, wood and drywall. The actual resort will be constructed from materials that have a maximum 10 year harvest cycle. Building materials will be brought in from within a 500 mile radius whenever possible. HVAC systems have been upgraded to control contaminants during construction. Environmentally sensitive groundwater mitigation measures are being strictly followed. Lastly, Millisor and his partners chose to use a “scientific building envelope,” a sophisticated building science to create a more energy efficient building with a super-insulated roof and high efficiency wall sheathing system.
Once the new resort is complete, the 114 residences at the Grand Lodge on Peak 7 will feature linens made of bamboo as well as green paper products. Appliances are made of recycled stainless steel, low flow toilets and showers are being utilized and individual heating controls in each residence, with “eco-mode” will increase efficiency. Residences are wired to a monitoring system that will automatically turn off lights and reduce the heat in rooms that have shown no movement for a specific amount of time. The installation of auto-off gas fireplace controls, air movement systems instead of air conditioning and dark sky compliant fixtures will also contribute to a cleaner environment. The grounds will be equipped with moisture sensors for snow melt and the Maintenance Department will plow and shovel snow instead of using a chemical snow melt product. The water features at the Grand Lodge on Peak 7, which include swimming pools, indoor and outdoor hot tubs, a waterslide and a grotto, will employ a salt chlorination system.
Millisor noted “The United States is 5% of the world’s population, but uses 25% of the world’s natural resources. We, as a company, can feel good knowing we are doing our part to reduce this number.”
For more about Breckenridge Grand Vacations or their ongoing efforts to help the environment, please call (888) 783-8883 or visit www.breckenridgegrandvacations.com.
Vacation Ownership Gains Popularity Despite Possible Recession
January 12, 2008
December 2007 was a record breaking sales month for the developers of the Grand Lodge on Peak 7 in Breckenridge, despite fears of an economic recession and a continued downturn in residentia...
December 2007 was a record breaking sales month for the developers of the Grand Lodge on Peak 7 in Breckenridge, despite fears of an economic recession and a continued downturn in residential real estate markets across the nation. In the first 24 hours of pre-sales for the Grand Lodge on Peak 7, which launched on December 8th, the company sold over $5 million in vacation ownership. By the end of the month, sales reached $10 million.
The American Resort Development Association (ARDA) recently published a “State of the Industry Study (2007)” on the growing trend of Americans buying into timeshares. As of January 1, 2007, 4.4 million households owned one or more US timeshare or point equivalent, a 7% increase over the previous year. In recent years, the timeshare industry has had both a steady fiscal growth and increase in net sales. The growth in vacation ownership, however, stands in stark contrast to the residential real estate market.
The average sales price of single-family homes just 75 miles away from Breckenridge in Denver, CO dropped by over 10% between December 2006 and December 2007. Fewer homes closed overall in 2007, and more unsold homes remained on the market, according to Metrolist data for the year. Adding to the dismal outlook, the US stock market has stumbled and economists are debating whether the US is already in a recession.
Despite these trends, more and more families are buying into vacation ownership as an alternative to owning a second home. Timeshares, which began 34 years ago in the French Alps, had grown to be a $10 billion industry by 2006. Vacation ownership started with the idea of exchanging one’s vacation accommodations with someone else’s and grew into an affordable alternative to owning a second home year-round. Timeshare allows those who cannot afford a second home an opportunity to buy into vacation real estate, without having to worry about the rising costs of upkeep and security. The Grand Lodge on Peak 7 offers the luxury of vacation ownership at a fraction of the cost.
The Grand Lodge on Peak 7 is the newest addition to the Peak 7 base area development; the resort will consist of 114 two-bedroom condominiums with ski in/ski out access. While neighboring ski in/ski out properties cost as much as $900-$1,300 per square foot, the price tag on a week at the Grand Lodge on Peak 7 ranges from just $25,000-$175,000 per week depending on season, unit size, and whether the week is fixed each year. Ownership also includes exclusive country-club style membership with daily access to the resort’s numerous amenities, including: an on-site bistro style restaurant, Soothe Day Spa, day use locker rooms, a family fun center, an aquatics area, and on-site parking.
“This is the perfect option for a family looking for real estate in the mountains; there are numerous ownership options, from one week or multiple weeks. And, the best part is that our owners who live in Denver are able to use their club membership at the Grand Lodge on Peak 7 any day of the year,” says Mike Millisor, President of the resort. “With vacation ownership, owners pay only for the time they use, which allows our prices to be affordable – plus they don’t have the hassles associated with whole ownership.”
For more information on purchasing a vacation ownership in Breckenridge, call the Grand Lodge on Peak 7 sales center at 888-783-8883 ext. 3638, or visit www.grandlodgeonpeak7.com.
Record Breaking Sales Indicate High Interest for New Timeshare Development
January 10, 2008
The developers of the Grand Lodge on Peak 7 sold over $5 million in timeshare in one day at their launch event in December. The huge success of that event plus an extremely busy month made ...
The developers of the Grand Lodge on Peak 7 sold over $5 million in timeshare in one day at their launch event in December. The huge success of that event plus an extremely busy month made December the most successful in the company's history. Sales for timeshare ownerships topped $10 million in December.
Breckenridge Grand Vacations are the parent company for three Breckenridge resorts: Gold Point Resort, Grand Timber Lodge and the Grand Lodge on Peak 7.
Construction on the Grand Lodge on Peak 7 began in May of 2007 and occupancy is schedule for the end of the 2008-2009 ski season.
For more information on the Grand Lodge on Peak 7 please call 866-664-9782.
High End Comes In Big and Small Packages
December 01, 2007
Imagine sitting in a quiet room called a grotto, made of moss rock, complete with a hot tub and waterfall...It's the latest concept in high-end vacation homes....Grand Lodge on Peak 7 in Bre...
Imagine sitting in a quiet room called a grotto, made of moss rock, complete with a hot tub and waterfall...It's the latest concept in high-end vacation homes....Grand Lodge on Peak 7 in Breckenridge began selling weekly fractionals and multiple week packages....the price is a bargain compared to neighboring projects , where units have sold at an average of $928 per square foot.
View MoreNew Lodging Slopeside At Breck
October 25, 2007
Breckenridge has a new lodge on the horizon. It’s called the Grand Lodge on Peak 7, and it’s being built by the developers of the Grand Timber Lodge and Gold Point Resort. It’s Breckenridge’...
Breckenridge has a new lodge on the horizon. It’s called the Grand Lodge on Peak 7, and it’s being built by the developers of the Grand Timber Lodge and Gold Point Resort. It’s Breckenridge’s newest resort property.
Construction on the Grand Lodge on Peak 7 started in May this year, on Peak 7 of the Ten-Mile Range, which is where the Breckenridge Ski Area is located. This property is also a time-share property.
Just outside the door will be the Independence Super-Chair. It is also at the top of the BreckConnect gondola at the Peak 7 turn station. It provides a clear shot to Peak 8 as well as Main Street Breckenridge.
The Grand Lodge on Peak 7 will have condos, a spa with pools, restaurants and a piano bar. It’s set to open during the 2008/2009 ski season.
OntheSnow.com
Written by Shannon Luthy
Breck's Peak 7 begins sales
October 13, 2007
Peak 7 LLC is starting presales for its $95 million The Grand Lodge on Peak 7 in Breckenridge.
The 114-unit development will have ski-in/ski-out access and include amenities such as a b...
Peak 7 LLC is starting presales for its $95 million The Grand Lodge on Peak 7 in Breckenridge.
The 114-unit development will have ski-in/ski-out access and include amenities such as a bistro-style restaurant, day spa and aquatics area.
Price for vacation ownership for a week at the lodge will range from $25,000 to $175,000, depending on season, unit size and whether the week purchased is fixed every year.
Denver Post
Independent Developers Build New Timeshare Resort
October 09, 2007
The owners of Gold Point Lodging & Realty, Inc., the four-time winner of the American Resort Development Association (ARDA) Gold in the Project Team category, are currently in the process of...
The owners of Gold Point Lodging & Realty, Inc., the four-time winner of the American Resort Development Association (ARDA) Gold in the Project Team category, are currently in the process of building their third resort, the Grand Lodge on Peak 7. The company’s existing resorts include Grand Timber Lodge and Gold Point Condominiums, also located in Breckenridge.
Expected to be Breckenridge’s premier lodging and timeshare property, the Grand Lodge on Peak 7 boasts an unparalleled location at the base of Breckenridge Ski Area’s Independence Lift and at the Peak 7 turn station of the BreckConnect Gondola. The Grand Lodge on Peak 7 will offer 114 two-bedroom, lock-off-timeshare condominiums. The ownership structure will feature fixed weeks, floating weeks, and a custom designed points program for internal exchange between seasons; additionally, the units will be sold as two, three or four bedroom deeded ownership weeks. The resort will be home to Soothe Day Spa, an on-site bistro-style restaurant, a grand lobby with a 3-story rock fireplace, après ski lounge and library. The property will also include many high demand amenities such as multiple indoor/outdoor pools, water features, and hot tubs.
“When we began the development process of the Grand Lodge on Peak 7, our goal was to build the finest timeshare resort in the Colorado Rockies. By combining our 25 years of experience in the resort development business in Breckenridge with invaluable input from our owners at both Gold Point Condominiums and Grand Timber Lodge, we believe the Grand Lodge on Peak 7 will become Colorado’s most exciting new mountain address,” stated Mike Millisor, company President and longtime Breckenridge resident.
The Grand Lodge on Peak 7 is scheduled to open for occupancy during the 2008-2009 ski season although reservations for limited introductory pricing and charter ownership opportunities will be accepted mid-October 2007 through December 7, 2007.
The Timeshare Blog
Active sales for the Grand Lodge on Peak 7 began Dec 8, 2007
September 17, 2007
The developers of Grand Timber Lodge and Gold Point Condominiums have begun construction on their newest resort, the Grand Lodge on Peak 7. The third resort to be built by these long-time lo...
The developers of Grand Timber Lodge and Gold Point Condominiums have begun construction on their newest resort, the Grand Lodge on Peak 7. The third resort to be built by these long-time locals will be one of Breckenridge’s premier lodging and timeshare developments with a nearly unparalleled location.
Located at the base of the Independence Lift and the top of the Breck Connect Gondola, the newest ski-in/ski-out resort will have 114 condominiums, a full service spa, restaurant (to be operated by Vail Resorts), family game center and lobby bar featuring a 3-story rock fireplace. The property will also include many owner-only amenities such as multiple indoor/outdoor pools, water features and hot tubs. Being situated halfway up Peak 7 and halfway down to town, owners and guests at the Grand Lodge on Peak 7 will have easy access to both mountain adventures and town activities. The Grand Lodge on Peak 7 is scheduled to open for occupancy during the 2008-2009 ski season although reservations for purchases will be taken beginning mid-October, 2007.
Breckenridge real estate prices continue to increase with an average price per square foot of $600 for condominiums. Grand Lodge on Peak 7 will be an affordable alternative to other ski-in/ski-out resorts throughout the county. While one-week ownership options are available, multiple week ownership packages will also be available from around $300,000 — a bargain compared to neighboring developments where units sold at an average price of $960 per square foot.
Summit Daily News
