Reunion Resort & Club Wyndham Grand Resort Timeshare Completes Financing Deal

Money is moving again and that is good news for developers in an industry where financing seems largely to have been locked –frozen—for many resorts and timeshare developers looking to expand.

Last week, Wellington Financial, the exclusive Resort Finance lending correspondent for Liberty Bank, announced that they recently completed a $20 million transaction with Reunion Resort & Club Wyndham Grand Resort, a Florida timeshare. Wyndham Vacation Ownership is the exclusive sales and marketing agent for timeshare sales for Reunion’s 256 units.

Tom Anderson, executive vice president and chief real estate development officer, Wyndham Worldwide says,“Wyndham Vacation Ownership was pleased to work with our resort clients at Reunion to reach a deal with Liberty. We’ve been handling the sales and marketing of the resort’s vacation ownership interests since mid-2010, as part of our Wyndham Asset Affiliation Model.”

Ron Goldberg, president of Wellington Financial, explains, “This project truly has it all. It includes a luxury hotel, three championship golf courses, casual and fine dining restaurants, tennis courts, boutique spa, fitness center, 10 pools, a clubhouse, a 5-acre water park with a 150-foot lazy river, winding water slides and an interactive water playground. The resort is also the world headquarters of a prestigious golf academy founded by famed golfer, Annika Sorenstam, ANNIKA Academy.”