New Timeshare Planned for San Diego, California
Wednesday, October 18, 2006
WorldMark, The Club, (owned by Trendwest Resorts, Inc.) has purchased Oakwood Mission Valley in San Diego, California. WorldMark will convert the apartment complex into San Diego timeshares.
The Mission Valley resort is less than five miles away from the current WorldMark San Diego Resort and is a 10-minute drive to Sea World San Diego, the San Diego Zoo, and other popular area attractions. It is located north of downtown San Diego and conveniently close to shops, restaurants, and a large mall.
Scheduled renovations call for the space to be converted into 58 one-bedroom timeshare units and 112 two-bedroom timeshare units, which are scheduled to reopen in 2008. Amenities will include an exercise facility, outdoor pool, spa, sauna, and a recreation center. Parking for the resort will include an underground, secured lot for guest use.
The 170-unit apartment complex is currently utilized as long and short-term rental apartments and corporate housing. The purchase price for the property was just under $33 million.
