Golf and Timeshare Go Together on Every Level
Saturday, July 7, 2007
You often find me blogging about golf, the PGA Tour, and timeshare resorts with great golf courses. Timeshares and golf go together in part, because on-property or nearby to so many timeshare resorts are fabulous golf courses. Often this means that timeshare owners can enjoy reduced rates on tee times and even play the course at times when there are no tee times available for non-owners. Overall, the demographic of timeshare owners includes a large number of people who enjoy golf recreationally or as a spectator sport. And in a recent study by ARDA, over 22 percent of the timeshare owners surveyed ranked “golf” as the most attractive characteristic of a resort area.
Recently I learned that the relationship between golf and timeshare vacation resorts goes beyond the consumer level. Textron Inc., is a multi-industry company whose brands include Bell Helicopter, Cessna Aircraft, Kautex, Lycoming, Greenlee, and E-Z-GO golf cart and turf maintenance vehicles. What I did not realize was that over the years, Textron Financial has expanded their financing of golf courses to include financing hotels and timeshare resorts.
Textron Financial offers hotel and timeshare resort financing for acquisition and development loans, construction loans, inventory loans, and notes receivable financing, in amounts that range from $5 million to $80 million. Their investment portfolio includes hotel properties and timeshare resorts in the US, Canada, the Caribbean, and Mexico.
Textron Financial sees timeshare resort financing as a logical choice for their company because their strong presence in the golf industry positions them to recognize the long-term value of golf course investment strategies for a resort. When major companies don’t hesitate to put big money into underwriting timeshare resorts, the rest of us ought to also feel pretty comfortable about the wisdom of buying one or more timeshare intervals to enjoy with our families.