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Vail Considers Timeshare Construction

VAIL, CO-Vail Resorts Development is undertaking a market study to see what would-be buyers prefer in timeshare options. Vail is hoping to capture some of the market in what is considered a booming business, says a resort executive.

By John Rebchook | Updated on April 16, 2001

VAIL, CO-Vail Resorts Development Co. is weighing a first-time plan to develop timeshare-type projects in the mountains.

The newest twist on timeshare in Colorado and other resorts across the country is for what is known as “fractional ownership.” The strategy facilitates a percentage ownership in real estate instead of buying “time” in a condominium. For example, buyers could secure quarter ownership of a condominium. That gives individuals far more time in the project than under a traditional timeshare arrangement.

“Primarily, our real estate activities in the past have been as a land developer rather than as a vertical construction developer,” Jim Thompson, president of Vail Resorts Development, tells GlobeSt.com. “We sold land to a developer about three years ago in Beaver Creek for a Hyatt-Regency timeshare project. That was a very successful 1/20th type of program.”

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