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Silverleaf Timeshare to Merge and Become Privately Held Company

Jason Tremblay — Tue, 17 May 2011 14:03:11 +0000

Silverleaf Resorts announced last week that its shareholders have approved a merger with Resort Merger Sub Inc., which is an affiliate of Cerberus Capital Management LP. The merger is expected to close this week. Once the merger is complete, Silverleaf will become a private company, wholly owned by SL Resort Holdings Inc., an affiliate of Cerberus, and its common stock will no longer be traded on NASDAQ.

Silverleaf timeshare owners should not anticipate any interruptions in services because of these changes.

3 Facts You May Not Know about Silverleaf Timeshare

All Silverleaf Timeshares are classified as either a Getaway Resort or a Destination Resort.
All Silverleaf Getaway Resorts are timeshares located within a two-hour drive of a major metropolitan area.
Silverleaf Destination Resorts are timeshares located at a unique venue, perhaps exotic or remote, but always highly desirable.

Flexibility for Silverleaf Timeshare Resales and Silverleaf Timeshare Rentals

Whether you are seeking a getaway vacation or a destination experience, Silverleaf timeshare exchange is flexible. There are fourteen great timeshares in the Silverleaf Resort internal exchange network plus access to more than 300 resorts worldwide through an external timeshare exchange. For Silverleaf timeshare owners and timeshare renters, the choice isn’t “if” they vacation, it is only “where” they vacation.

There are great deals on Silverleaf timeshare resales and Silverleaf timeshare rentals as well as timeshare resale financing through Prosper. And if you are a Silverleaf owner looking to sell Silverleaf timeshare or to rent Silverleaf timeshare, contact the timeshare resales and rentals experts at Sell My Timeshare NOW.

Investigation of Silverleaf Timeshare Resort’s Possible Shareholder Violation

Jason Tremblay — Sat, 26 Feb 2011 13:00:15 +0000

Goldfarb Branham LLP, is investigating the possibility that the Board of Directors of Silverleaf Resorts, Inc (Silverleaf timeshares) violated shareholder protection laws in connection with the timeshare company’s buyout offer by SL Resort Holdings.

Noting that the buyout price called for $2.50 per share, securities lawyer Hamilton Lindley has said, “Silverleaf’s book value was $5.47 for the most recent quarter and at least one analyst set a price target of $5.00 per share. Our potential class action lawsuit seeks to ensure that the Silverleaf Board of Directors maximizes value for investors in this buyout.”

Goldfarb Branham is encouraging Silverleaf timeshare stockholders to contact the law firm directly at: 877-583-2855.

Additionally, Bull & Lifshitz, LLP has announced its investigation into these possible breaches of fiduciary duty in connection with the proposed acquisition of Silverleaf Resorts, Inc.

The contact number for Bull & Lifshitz is: 212-213-6222.

In cases of this type of class action lawsuit, it is not uncommon for more than one legal firm to investigate the situation and if further action is taken, there will likely be a consolidation of efforts by the law firms involved.

Other recent news about Silverleaf timeshare from The Timeshare Authority blog:

Silverleaf Timeshare Loses Buildings to Fire in Lee, MA

Jason Tremblay — Sat, 12 Feb 2011 13:00:29 +0000

A fire this past week at the Oak ‘n Spruce Resort in Lee, Massachusetts destroyed unoccupied buildings that reportedly included approximately 10 timeshare units. Early reports say the damage was to Forest Hall, others said Tanglewood Hall, but in a telephone call to the Oak ‘n Spruce Resort, we were told simply that the damage was to “old buildings, not timeshares,” implying that the buildings involved were either not timeshare units or were no longer in use as timeshare units.

Firefighters from several nearby towns responded to the fire. At least one building was already engulfed in flames at the time firefighters arrived, reportedly sometime around 6:30AM on Monday. Some Oak ‘n Spruce timeshare owners and guests say they smelled smoke as early as 5AM.

Although there were timeshare owners staying in other buildings at the Oak ‘n Spruce Resort, the two buildings destroyed were unoccupied at the time of the fire and no guest were relocated from the resort. Only one fire hydrant serves the area, which forced firefighters to use tanker trucks to haul water from a nearby lake. One building collapsed during the fire while a second building sustained severe water damage as firefighters were said to have fought the blaze for several hours.

While the cause of the fire is being investigated, there is no reason to suspect foul play at this time. The Berkshire Eagle says, “The extent of the damage has yet to be fully assessed. But the building is assessed for tax purposes at $277,800. The entire resort is valued at $24.1 million by the Lee Board of Assessors.”

The Oak ‘n Spruce Resort is part of the Silverleaf Resort family which is currently in the process of being acquired by Cerberus.

The You-Tube video below shows several views of the fire and the firefighters at work.

America’s Best Burgers with Timeshare Vacations to Match

Jason Tremblay — Sun, 04 Apr 2010 14:00:02 +0000

Travel + Leisure Magazine recently tracked down the top-ten best hamburgers in the US; fortunately, you can plan your timeshare travel to enjoy them all.

Burger Joint in San Francisco took the honors for the numero uno best burger. Burger Joint is a 1950’s-style restaurant that boasts an old-fashion burger made from hormone- and pesticide-free beef.

Recommended San Francisco timeshare to accompany your Burger Joint hamburger is: Shell Vacation Club’s The Suites at Fishermans Wharf timeshare resales and rentals, where you are just a cable car ride away from Chinatown, Ghirardelli Square, The Cannery, and Pier 39.

Dyer’s Burger in Memphis took second place honors with their thin-patty burger, fried in oil in a cast-iron skillet. Once you order this burger, you might as well go all out and add Dyer’s famous chili cheese fries and a deep fried Twinkie for desert.

An ideal destination for a Memphis timeshare vacation is just 30 minutes away in Robinsville, Mississippi. The Westgate Tunica Resort, designed to look like an anti-bellum southern mansion, is centrally located for enjoying the hot jazz and cool blues of Memphis as well as the casinos, golf, and southern charm of Mississippi.

Duchamp’s Burger in Chicago is no greasy diner, yet this restaurant proves it still knows how to cook a burger, serving an eight-ounce ground chuck special on a Czech cottage-cheese-and-dill bun.

You may decide to day trip into the city for your Duchamp’s burger while spending your timeshare vacation in Silverleaf’s Fox River Resort timeshare, located a little over an hour away in Sheridan, Illinois. There you can choose between waterskiing, boating, hiking or picnicking in the peaceful rolling hills, or grab your sightseeing gear and head for Chicago, famous for its museums, shopping, and dining.

Timeshares at Every Top Burger Destination

Here are the next seven (NYC scores two great burger destinations, turning the top ten into an actual count of eleven) destinations for world-famous burgers…and a few of the outstanding timeshare vacation destinations that will get you there:

Lüke in New Orleans, LA., where you can vacation in a Chateau Orleans timeshare resale or rental in heart of the French Quarter.

Quinn’s Pub in Seattle, WA, when you are enjoying a WorldMark Seattle timeshare resale or rental at The Camlin.

Ranch 616 in Austin, Texas, where you can stay in Austin timeshare resales and timeshare rentals in a city known for its live music and western fun.

Kua’Aina Sandwich Shop in Hale’iwa, Hawaii. You know Hawaii timeshares are outstanding, so just pick an island and pack your Hawaiian shirt and your flipflops.

Kemble Park Tavern offers you and excellent dinner spot during your Washington, DC timeshare resale or rental vacation.

Back Forty and Black Iron Burger Shop in NYC. Two great burger destinations only a few blocks apart and both worth visiting during your Big Apple New York City timeshare stay.

Murphy’s on the Green in Hanover, NH, where you can enjoy New Hampshire timeshare resales or rentals, here in our own headquarters home state for Sell My Timeshare NOW.

Silverleaf Timeshare Resorts Announces Changes on its Board of Directors

Jason Tremblay — Tue, 11 Aug 2009 05:01:33 +0000

Silverleaf timeshare, a family-favorite timeshare resort with more than a dozen properties, announced last week that Michael A. Jenkins will rejoin its Board of Directors to fill a vacancy created by the resignation of Janet Whitmore.

Jenkins, who is the President of Leisure and Recreation Concepts, Inc., served as a member of the Silverleaf timeshare Board of Directors from 1997 to 2002. The Board of Directors has also designated Herbert B. Hirsch, already a Silverleaf Timeshare Board Member, as the audit committee financial expert.

Silverleaf Timeshare, a Popular Drive-to Timeshare Vacation Option

The first seven Silverleaf timeshare resort properties were Texas timeshares and Missouri timeshares, opened in 1989. Then in 1997, the company went public; that same year it opened Timber Creek Resort to serve the St. Louis, Missouri market and Fox River Resort to serve vacationers from the Chicago, Illinois area.

One of Silverleaf timeshare’s most popular resorts is the Oak N’ Spruce Resort that serves the New England/New York market. In 1999, Apple Mountain Resort opened in the Blue Ridge Mountains, attracting vacationers from the Atlanta area. In the past decade, Silverleaf timeshare has added a beachside Galveston timeshare (Texas); an Orlando timeshare, (the Ocean Breeze Resort); and the Pinnacle Lodge, for Winter Park, Colorado ski vacations.

Silverleaf timeshare has opted for a unique strategy, building many of its resorts in beautiful, but sometimes lesser known destinations, located where high density populations can visit them easily – often within a convenient one-day or half-day drive. The idea of owning drive-to timeshare sounds better than ever to many budget-tight vacationers, which means that the idea of owning a drive-to timeshare resale looks absolutely fantastic.

Silverleaf Timeshare Resale Opportunities:

Silverleaf’s Villages – Flint, Texas
Silverleaf’s Seaside Resort – Galveston, Texas
Silverleaf’s Ozark Mountain Resort – Kimberling City, Missouri
Silverleaf’s Orlando Breeze Resort – Davenport, Florida
Silverleaf’s Oak N’ Spruce Resort – South Lee, Massachusetts
Silverleaf’s Holly Lake Ranch – Holly Lake Ranch, Texas
Silverleaf’s Holiday Hills Resort – Branson, Missouri
Silverleaf’s Hill Country Resort – Canyon Lake, Texas
Silverleaf’s Fox River – Sheridan, Illinois
Silverleaf’s Apple Mountain – Clarkesville, Georgia
Silverleaf Timber Creek Resort – Desoto, Missouri
Silverleaf Piney Shores Resort – Conroe, Texas
Silverleaf Lake O’ The Woods – Flint, Texas

Silverleaf Timeshare’s Expansion Takes New Direction

Jason Tremblay — Tue, 17 Feb 2009 05:01:10 +0000

Silverleaf timeshare resort in the Wisconsin Dells is making adjustments to their expansion plans.

Silverleaf timeshare in the Wisconsin Dells is expanding in a new direction…literally. After approved plans fell through for Silverleaf timeshare to buy the former Artist’s Glen property as well as another adjacent property, the timeshare resort company then asked the Wisconsin Dells Plan Commission for approval to expand on property already purchased from private individuals.

According to reports in WiscNews.com, attorney Nancy Leary Haggerty of Michael Best & Friedrich, a Milwaukee law firm that represents Silverleaf timeshare, said that Silverleaf timeshare had asked the city to annex several properties and its developer’s agreement was contingent on purchasing those property (properties). Although the option to purchase the originally targeted properties has expired, Haggerty explained, “Silverleaf is still going forward…”

Fewer Timeshare Units in the New Silverleaf Timeshare Plan

Silverleaf timeshare’s new plan will have fewer timeshare units, but the design of the resort will remain the same. Instead of the 616 timeshare units proposed last year, the new Silverleaf timeshare expansion will have 448 timeshare units. The new layout will put parts of the Silverleaf timeshare resort on each side of the highway.

The split plan of the property will create a situation where timeshare owners may need to cross River Road. Safety issues under consideration include building a tunnel or walking bridge for crossing the highway or reducing the speed limit in the area. However, the local police chief points out that with a current speed limit of 25 mph, it is unlikely speeds will be further reduced.

In March, the Wisconsin Dells Plan Commission will meet to consider permits for Silverleaf timeshare resort regarding building heights.

Silverleaf Timeshare Expanding in Dallas

Jason Tremblay — Fri, 28 Dec 2007 06:01:59 +0000

Silverleaf Resorts timeshare has opened the “Beach Club” timeshare in Flint, Texas. So far, 16 timeshare units are complete of the 144 timeshare units planned for the resort. The Beach Club is a section of The Village Resort timeshare and will be sold as product upgrade for current owners of Silverleaf timeshare.

The timeshare resort is being constructed near Tyler on Lake Palestine, and when complete, will include a pool, children’s water play area, and access to the beach for sunbathing and beach-related activities.

Wellington Financial, is the timeshare lending correspondent for Liberty Bank, the Connecticut-based lender to the Silverleaf project. The deal provides for $37.5 million in receivables financing for Silverleaf timeshares to build the Beach Club Resort.

Silverleaf timeshare has been in operation nearly 20 years and offers drive-to resort locations, primarily in the central part of the US, with six resorts already in Texas. In addition to the Silverleaf Villages timeshare, Flint, Texas is also home to the Silverleaf Lake O’ the Woods timeshares.

If you are interested in a Silverleaf timeshare vacation, it makes a lot of sense for you to first look at the opportunities to buy Silverleaf timeshare resale or vacation in a Silverleaf timeshare rental. Sell My Timeshare NOW has an excellent inventory of Silverleaf timeshare resales.

Silverleaf’s Villages – Flint, Texas
Silverleaf Lake O’ The Woods – Flint, Texas
Silverleaf’s Holiday Hills Resort – Branson, Missouri
Silverleaf’s Oak N’ Spruce Resort – South Lee, Massachusetts
Silverleaf’s Orlando Breeze Resort – Davenport, Florida
Silverleaf’s Ozark Mountain Resort – Kimberling City, Missouri
Silverleaf’s Hill Country Resort – Canyon Lake, Texas
Silverleaf’s Seaside Resort – Galveston, Texas
Silverleaf Timber Creek Resort – Desoto, Missouri
Silverleaf Piney Shores Resort – Conroe, Texas
Silverleaf’s Holly Lake Ranch – Holly Lake Ranch, Texas
Silverleaf’s Fox River – Sheridan, Illinois
Silverleaf’s Apple Mountain – Clarkesville, Georgia

Silverleaf Timeshare Resorts Expanding in Colorado

Jason Tremblay — Sat, 17 Nov 2007 05:01:20 +0000

The Texas based timeshare company, Silverleaf Resorts, has announced expansion plans in Colorado with the purchase of over 15 acres of land in Grand County, Colorado.

According to information released by Silverleaf Timeshare Resorts, the company plans to build 136 vacation interval units, which will be within two miles of Silverleaf’s 64-room Pinnacle Lodge hotel in Fraser, Colorado. The area is also within a short drive of the ski resort areas in Mary Jane and Winter Park.

Yahoo Finance quoted Sharon K. Brayfield, president of Silverleaf timeshare resorts as saying, “With world-class skiing in the winter and plenty of outdoor activities such as golf, hiking and fishing in the summer, we are confident that our members will be able to take full advantage of the Winter Park properties throughout the entire year.”

The purchase price of the property is reportedly $4.6 million.

To learn more about Silverleaf timeshare resorts and Silverleaf timeshare resales check these links:

Silverleaf’s Oak N’ Spruce Resort Timeshare in South Lee, Massachusetts
Silverleaf’s Orlando Breeze Resort Timeshare in Davenport, Florida
Silverleaf’s Fox River Timeshare in Sheridan, Illinois
Silverleaf’s Apple Mountain Timeshare in Clarkesville, Georgia
Silverleaf’s Holiday Hills Resort Timeshare in Branson, Missouri
Silverleaf’s Ozark Mountain Resort Timeshare in Kimberling City, Missouri
Silverleaf Timber Creek Resort Timeshare in Desoto, Missouri
Silverleaf Piney Shores Resort Timeshare in Conroe, Texas
Silverleaf Lake O’ The Woods Timeshare in Flint, Texas
Silverleaf’s Holly Lake Ranch Timeshare in Holly Lake Ranch, Texas
Silverleaf’s Hill Country Resort Timeshare in Canyon Lake, Texas
Silverleaf’s Seaside Resort Timeshare in Galveston, Texas
Silverleaf’s Villages Timeshare in Flint, Texas

Business Looks Good for Silverleaf Timeshares

Jason Tremblay — Mon, 25 Jun 2007 09:10:11 +0000

Earlier this month, Silverleaf Timeshare Resort increased their fiscal outlook for 2007. According to revised projections, Silverleaf timeshares expect 2007’s profit to range between $27.5 million and $28.5 million. Silverleaf timeshares had previously forecasted a profit of $25.5 million.

Silverleaf Timeshare Resorts has been in operation since 1989, and has been a publically traded company since 1997. They market their timeshare resorts as “drive-to locations,” perfect for family vacationing at luxurious destinations, yet with affordable prices.

Here’s a list of Silverleaf resorts with links to affordable options to rent or buy Silverleaf timeshare resales. You’ll also find a link to our Sell My Timeshare NOW blog of April 30, 2007, when we took a closer look at the Silverleaf Oak N Spruce Timeshare Resort:

Silverleaf Timeshares Apple Mountain – Clarkesville, Georgia
Silverleaf Timeshares Fox River – Sheridan, Illinois
Silverleaf Timeshares Hill Country Resort – Canyon Lake, Texas
Silverleaf Timeshares Holiday Hills Resort – Branson, Missouri
Silverleaf Timeshares Holly Lake Ranch – Holly Lake Ranch, Texas
Silverleaf Timeshares Lake O The Woods – Flint, Texas

Silverleaf Timeshares Oak N Spruce Resort – South Lee, Massachusetts
Silverleaf Timeshares Orlando Breeze Resort – Davenport, Florida
Silverleaf Timeshares Ozark Mountain Resort – Kimberling City, Missouri
Silverleaf Timeshares Piney Shores Resort – Conroe, Texas
Silverleaf Timeshares Seaside Resort – Galveston, Texas
Silverleaf Timeshares Timber Creek Resort – Desoto, Missouri
Silverleaf Timeshares Villages – Flint, Texas

Silverleaf’s Oak ‘n Spruce Timeshare Resort

Jason Tremblay — Mon, 30 Apr 2007 09:21:55 +0000

Despite all the bad weather in recent weeks, summer is closer than you think and the sun will soon be shining on the many beautiful vacation sites in New England. This seems like a great time to share with you some interesting and helpful facts about the Oak ‘n Spruce Timeshare Resort in South Lee, Massachusetts.

The Oak ‘n Spruce Timeshare Resort is located in western Massachusetts’ Berkshire Hills, approximately 125 miles west of Boston and about 75 miles northwest of Hartford, Connecticut.

On-property amenities at the timeshare resort, include 18-holes of miniature golf, basketball, both indoor and out door swimming pools, a lounge, fitness center, movie theatre, ping-pong, and a pool table. Besides excellent places to hike, bike, picnic, or just enjoy the great outdoors, the Oak N’ Spruce timeshare is conveniently near the historic Hancock Shaker Village, the home of the first missionary to the Native Americans, and the Norman Rockwell Museum, featuring the largest collection of Rockwell’s paintings in the world.

The nearby city of Tanglewood is the summer home to the Boston Symphony Orchestra. The Silverleaf timeshare company classifies the Oak ‘n Spruce timeshare resort as a “Getaway Resort” because it is located within a two hour drive of major metropolitan areas.

The Silverleaf timeshare company has been in business since 1989. The first Silverleaf timeshare resorts were all located in Missouri or Texas. When the timeshare company went public in 1997, they added additional timeshare resorts in Illinois and Missouri. In 1998, they acquired the Oak’ n Spruce timeshare, and more recently have expanded to include Apple Mountain timeshare resort in Georgia, the Seaside timeshare resort in Texas and the Orlando Breeze timeshare resort in Florida. To learn more about Oak ’n Spruce timeshare rentals and timeshare resales, click here. To learn more about other opportunities for timesharing in Massachusetts, click here.