Wyndham Vacation Ownership, the world’s largest vacation ownership company and a member of theWyndham Worldwidefamily of companie, today announced it has entered into an exclusive sales and marketing agreement with Smugglers’ Notch Management Company, Ltd. Terms of the agreement were not disclosed.
WVO is expected to become the exclusive sales and marketing agent for the sale of vacation ownership interests at Smugglers’ Notch Vermont® Resort; sales are anticipated to begin in the second quarter of 2011. Through this arrangement, it is anticipated that all unsold interests will become part of the company’s flexible, club-based CLUB WYNDHAM® Access product. Completion of the transaction is subject to customary closing conditions.
“This is another significant step in executing our fee-for-service timeshare sales model while bringing a truly premier destination into our world-class portfolio of resorts,” saidFranz Hanning, president and chief executive officer, Wyndham Vacation Ownership. “Smugglers’ Notch has a proud history of providing family-friendly vacations which aligns with our business model of providing memorable vacation experiences for families. The affiliation with Smugglers’ Notch facilitates our expansion in New England and is also a win-win for two great brands.”
The property is also expected to operate as a WVO affiliated resort within CLUB WYNDHAM Plus®, the company’s points-based internal exchange program that allows owners to vacation at more than 70 resorts and enjoy other vacation options and access to special travel opportunities such as cruises and guided tours. It is anticipated that Wyndham’s timeshare owners can begin vacationing at Smugglers’ Notch Vermont® Resort in the second quarter of 2011. Residential home purchases and rentals at the Resort, as well as property management services, will continue to be managed by Smugglers’ Notch Management Company, Ltd.
“Wyndham’s selection of Smugglers’ Notch as one of their affiliated properties underscores the benefits associated with ownership at Smugglers’, known for our dedication to great customer service and innovative children’s and family programs,” said Bill Stritzler, Smugglers’ Notch owner and managing director. “We believe the relationship between Wyndham Vacation Ownership and Smugglers’ Notch Resort will enhance the overall opportunities for both brands.”
Consistently mentioned by major newspapers and ski magazines as a top-rated destination for skiing and family programs, the Resort is located in the Green Mountains of Vermont and features mountainside condominiums ranging from studios to five-bedroom homes, clustered around a Village core. Guests can enjoy a wide variety of year-round recreational programs and facilities including over 1,000 acres of skiing and snowboarding terrain in the winter and eight heated pools and four waterslides in the summer.
With this latest project, WVO will continue to capitalize upon the momentum that began in March 2010 when it announced an exclusive sales and marketing fee-for-service agreement for 137 condominium-style units at the newly re-branded Wyndham Vacation Resorts Towers on the Grove at North Myrtle Beach, SC. In August, the company announced an exclusive sales and marketing agreement with Reunion Resort for the sale of vacation ownership interests in up to 256 condominium-style units at the rebranded Wyndham Vacation Resorts Reunion at Orlando.