Vacation resort developer Orange Lake Resorts, which operates six vacation properties, announced today that it officially closed on a transaction with Summer Bay Resorts, Inc. to expand its destinations to Desert Club Resort in Las Vegas and Sunset Cove Resort in Marco Island, Fla. The intent for both resorts is to become a part of the Holiday Inn Club Vacations® brand, with Sunset Cove Resort joining the brand this fall and Desert Club Resort in the spring of 2012.
These resorts are RCI Gold Crown designated-properties featuring hotel facilities, villas and condominiums. The two resort locations include:
Las Vegas Desert Club in Las Vegas, located one block off of The Strip, is a 648-unit resort featuring one- and two-bedroom suites. Amenities include five outdoor swimming pools with spas, a brand new state-of-the-art clubhouse, convenience store, fitness center, restaurant, bar, putting green and other amenities.
Sunset Cove, in Marco Island, Fla., is a 36-unit resort located on the Rio waterway in the “City Center” activities district and features three-bedroom residences ranging from 1,667 to 1,900 square feet, with views of either the Gulf of Mexico or the Bay. Amenities include a pool with sundeck, a bar and promenade area, boat dock and a fitness center. This property is currently part of RCI’s distinguished Registry Collection® program, and Orange Lake Resorts plans to bring all Sunset Cove units into its upscale “Signature Collection” product line.
This transaction does not involve the acquisition of the Summer Bay Resorts in Orlando, Fla., or the other properties in Missouri, which will continue to be owned and operated by Summer Bay.
Holiday Inn Club Vacations was created in September 2008 as a strategic alliance between IHG, the world’s largest hotel company, and Orange Lake Resorts, a leader within the resort industry with nearly 30 years of proven success. The brand’s flagship property in Orlando, located next to Walt Disney World® Resort, was established in 1982 by Holiday Inn founder Kemmons Wilson. Other resort locations include Lake Geneva, Wis., Panama City, Fla., Brownsville, Vt., Myrtle Beach, S.C., and Gatlinburg, Tenn.
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