The deal gives Trump entrée to the estimated $50 billion timeshare industry. In a prepared statement, the developer calls Fairfield "the leading player in the rapidly growing timeshare industry."
"Timeshare owners are not only some of the most resilient leisure travelers, but typically spend more on gaming and entertainment during their vacations," says Trump.
He says he did the deal because "we believe that increasing our exposure among timeshare owners will greatly benefit our business." Trump is chairman of Trump Hotels & Casino Resorts Inc.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
