With Celebrity Resorts timeshares filing Chapter 11 bankruptcy, timeshare owners at the 13 Celebrity Resorts properties are naturally concerned as to what this means for them.

David Walley’s Hot Springs Resort and Spa timeshare has posted the following information for their timeshare owners and timeshare guests:

• The website, http://www.dwrinfo.com has been established to provide information to timeshare owners at David Walley’s resort.
• David Walley’s Hot Springs Resort and Spa timeshare is currently open.
• Two board members were removed from their seats at the Members’ meeting on February 27, 2010. William Prowse was elected by the Board to fill one of the open seats. The board will review resumes of Members who wish to be considered for the other open seat.
• Members interested in being on the board should send their resume to: POA Board Candidates at (630) 681-8995 via fax.
• A third board member seat will become open in May 2010, when current Treasurer, Gary Grottke’s term ends. Grottke plans to resign as quickly as new board members are appointed and are up to speed on the open issues.
• The restaurant & deli at the timeshare resort closed effective March 12, 2010.
• All reservations will be for the Bodie building with the Dillion buildings uses for overflow. The Aurora and Canyon building will be temporarily closed.
• Reservations will be suspended for 30 days. Reservations beyond that time, should be submitted by mail to Quintus Resorts PO Box 1090, Genoa, NV 89411-1090. Include the following information: timeshare owner number, name, email address, and three choices for your reservations marked as your first, second, and third preferences. You will receive a response by email within 30 days of the receipt of your reservation request.
• Ground maintenance for 2010 is being reduced.
• The expectation is that Celebrity will continue to operate the spa building for the remainder of 2010.

In an interview with the Record Courier, Gary Grottke that, “the association is also looking for a new management company for the time-shares, although they can’t hire a new firm until the old contract is terminated and the action approved by the bankruptcy court.”

This is clearly a fluid situation at the moment and timeshare owners at David Walley’s Hot Springs Resort and Spa timeshare should stay in touch through the special website where updates will be made and additional information is available.

If you want more information on ways to buy, rent, or sell timeshare at David Walley’s Hot Springs Resort and Spa timeshare, go to Sell My Timeshare NOW.

As of last week, Celebrity Resorts, LLC (timeshares) and 35 affiliates have voluntarily filed for chapter 11 bankruptcy protection, filing in the US Bankruptcy Court in Orlando, Florida.

Celebrity (and its affiliates) own and operate thirteen timeshare resorts including Florida timeshare, Hawaii timeshare, and timeshare in Colorado, Nevada, New Jersey, and Pennsylvania.

Celebrity Resorts timeshares report that the company has approximately $23 million in unsecured debt and $12 million in secured debt. The two debts listed as secured are to International Escrow Services of Atlanta and Resort Condominiums International of Carmel, Indiana.

According to an article by Randall Reece for Netdocs.com, the company cites the following as the three primary reasons for the bankruptcy:

1. The economy in general and what the timeshare company calls, “unprecedented decrease in revenues” since September 2008.
2. Internal disagreements between family members who hold control over the debtors regarding the company’s business model. Two family members have been terminated, one of whom has filed a lawsuit against several of the companies involved.
3. The declaration of a default on a loan owing to Textron Financial Corporation.

Celebrity Resorts, formerly known as Resort World, began its business selling Caribbean timeshare in the 1970s, and then added Orlando timeshare in the 1980s.

At the time of this blog posting, there is no information on the company’s website regarding how the closing may impact any of the Celebrity Resorts timeshares.

The full court document is currently available to read at: http://www.jdsupra.com/post/documentViewer.aspx?fid=491abf36-f3e4-4fbe-81a1-2bbeeebbdb80

Congratulations to Marriott Vacation Club, where four favorite Florida timeshares have just gained the Florida Green Lodging Designation from the Florida Department of Environmental Protection.

• Marriott’s Ocean Pointe Timeshare, Palm Beach Gardens, Florida
• Marriott’s Harbour Lake Timeshare, Orlando, Florida
• Marriott’s Oceana Palms Timeshare, Singer Island, Florida
• Marriott’s BeachPlace Towers Timeshare, Fort Lauderdale, Florida

The Florida Green Lodging Program is a voluntary program that Florida timeshare resorts and hotels can choose to participate in by utilizing environmentally green practices to conserve natural resources and reduce waste. Established by the Florida Department of Environmental Protection, the Florida Green Lodging Program offers free technical assistance and encouragement in helping the resorts function in ways that better conserve water and energy, reduce waste, and increase recycling.
Despite the challenges of a stay-at-home-vacation mentality, these four Florida timeshare resorts have had an average occupancy rate of 94 percent in 2009, collectively hosting some 482,000 timeshare owners and guests.

Other The Timeshare Authority Blog posts on Marriott timeshare’s commitment to the environment:

Along with an amazing opportunity for both networking and the exchange of dynamic new business ideas, the upcoming ARDA timeshare convention means the unveiling of new products-like the timeshare software technology to be presented by SPI Software.

SPI, known for developing and operating Microsoft .NET-based software for vacation ownership (timeshare, private residence club, and fractionals), will add to the excitement at next week’s American Resort Development Association Convention & Exposition when it unveils new Web 2.0 initiatives. As part of SPI’s OrangeWeb package, the new web-based modules continue to leverage SPI’s Microsoft.NET technology platform, providing Web-based functionality that helps timeshare resorts better service sales, marketing, and timeshare owner reservations.

If you are planning to be at the ARDA timeshare industry convention, you’ll find representatives of SPI at ARDA booth 343. You can also pre-schedule an appointment with them by calling 305-858-9595.

You’ll find more about the here: 2010 ARDA Convention & Exposition

And on The Timeshare Authority Blog in upcoming days.