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Dolphin's Cove Resort Sold to Florida Vacation Property Firm

ANAHEIM, CA-Fairfield Communities based in Orlando, Florida has purchased the 136-unit resort in a deal that includes options to build a 150-unit oceanfront resort in Southern California.

By Joel Cone | Updated on January 08, 2001

ANAHEIM, CA-Dolphin’s Cove Resort, a 136-unit resort located adjacent to Disney’s new California Adventure theme park, has been sold to Orlando, Florida-based Fairfield Communities Inc. Details of the purchase agreement were unavailable at press time.

Traded on the New York Stock Exchange, Fairfield Communities invests in hotel and motel properties. With the Dolphin’s Cove acquisition from Dolphin’s Cove Resort LTD, a Winner’s Circle Resorts International Inc. affiliate, the number of Fairfield member owners grows to 340,000.

Along with the resort and its unsold inventory of units, Fairfield is acquiring property management rights to the resort, as well as a portfolio of receivables from previous vacation ownership interest sales. As part of the purchase agreement, Fairfield has also purchased option rights to develop a 150-unit oceanfront, vacation-ownership resort in Southern California.

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