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Timeshare Resort Company Bluegreen Purchases Resort Property in Myrtle Beach

Timeshare Resort Company Bluegreen Purchases Resort Property in Myrtle Beach

Bluegreen recently purchased an oceanfront resort in Myrtle Beach, and plans to reopen in 2006.

Bluegreen Corporation recently announced in a press release that it has recently purchased an oceanfront resort property in Myrtle Beach, for the express purpose of converting the existing units into timeshares.

The Yachtsman Resort Hotel, a 144-unit, 19-story resort, will be transformed into a new resort, offering one-bedroom timeshares. Once the extensive remodeling is complete, it should be ready to reopen early in 2006.

Included in this deal were timeshare weeks at buildings adjacent to the Yachtsman, as well as a number of timeshare properties along the Gulf Coast of Florida.

Bluegreen plans on changing the Yachtsman’s name to SeaGlass Tower.

Two outdoor swimming pools, an indoor pool, a spa, and several saunas are numbered among the on-site amenities at the new resort. Unit amenities include private balconies, whirlpool tubs, and fully-equipped kitchens.

Bluegreen’s presence in North Carolina comes as no surprise, considering that nearly every big-name resort company is investing in this area. Myrtle Beach is likely to retain its popularity as a vacation destination for many years to come. In proven resort locations, timeshares can bring huge profits to the development companies. What is true of other resort areas is also true of Myrtle Beach timeshare; namely, that the resort companies themselves are not the only ones to benefit from new developments. In proven locations, timeshare resorts can provide the local economy with a dramatic revenue boost, often to the tune of several billion dollars.

For more on this story, check out the original release at

Converting Week-Based Timeshare Into Timeshare Points

Converting Week-Based Timeshare Into Timeshare Points

In order to achieve greater vacation flexibility, more and more owners are turning their weeks into points. While this can produce the desired effect, turning weeks into points is not always trouble-free.

In earlier posts, I delved into the subject of timeshare points. Points serve to break up a timeshare interval into manageable fractions, and in some cases can even be redeemed for airfare, car rentals or other vacation necessities.

Seeking the flexibility of a points-based system, some owners want to convert their existing weeks into points. More often than not, a major timeshare exchange company provides this service.

Here are a few things to keep in mind when considering converting your weeks to points.

– If buying points on the resale market, a good starting point is to make sure that these points are transferable. Otherwise, you may be paying a lot of money for nothing at all. This might be an inadvertent mistake on the part of the seller, as he or she might not be familiar with timesharing. It is best to do your homework and get more information from the resort to make sure the points are transferable.

– Most exchange companies require you to be a member before they will process your exchange. Membership usually involves a small fee.

Week-based timeshare, when converted into points, almost always suffers a decline in value. This situation is exacerbated by points systems which are subject to inflation. Thankfully, some points are inflation-proof. Find out from the seller or the home resort before making the investment.

– Even if an exchange company may gladly convert your weeks into points for a reasonable membership fee, sometimes an individual resort will assess its own fees. These fees range in price, from somewhat reasonable to startlingly cost-prohibitive. This is a hidden cost encountered more and more frequently by resale timeshare buyers. If you are buying timeshare specifically to convert it into points, it is strongly recommended that you contact the resort in order to determine what fees, if any, are charged by the resort under these circumstances. It is possible that hidden charges from an individual resort can amount to more than the (resale) purchase price of the timeshare itself.

Converting your week into points can improve the quality of your vacation experience. Like many things in the timeshare world, it always pays to look before you leap

Silverleaf Releases Information About Gulf Coast Timeshares

Silverleaf Releases Information About Gulf Coast Timeshares

Silverleaf Resorts, a resort company, issued information about the state of Silverleaf’s Texas timeshare resorts following hurricane Rita.

Silverleaf Resorts issued a press release yesterday following hurricane Rita. The Dallas-based company manages two properties on and around the Gulf Coast of Texas, Silverleaf’s Seaside in Galveston and Silverleaf’s Piney Shores Resort, located in Conroe Texas, north of Houston.

Though all four Silverleaf timeshare resorts in Texas escaped with minimal damage, the release also states that significant revenue was lost, due to a temporary suspension of timeshare sales as well as the mandatory evacuations throughout the area.

The entire text of the release can be found at:

This author finds it encouraging that resort companies are trying to keep people informed about changing conditions at timeshare resort locations. This trend may be construed as more evidence that the timeshare industry is moving away from a pattern of obfuscation and is responding to real needs of timeshare owners.

Rita Downgraded to Category 3, But Still Menaces Gulf Coast

Rita Downgraded to Category 3, But Still Menaces Gulf Coast

In New Orleans, flooding resumes while tornadoes spawned by hurricane Rita damage parts of Louisiana and Texas.

Still in the Gulf of Mexico, hurricane Rita has downgraded to a category 3 storm, but is still capable of causing considerable damage to the vulnerable Gulf Coast. High winds, sea swells and rains are already threatening recovery efforts in New Orleans, and a number of Texas communities including Houston, Port Arthur, and Galveston are concerned about the impact this storm will have.

The vast majority of Galveston residents have been evacuated successfully, but mayor Lyda Ann Thomas plans on remaining in town until the hurricane passes. Though most people are confident that Galveston’s seawall will divert any seawater that pours over it, this optimism is tempered by the fact that Galveston is vulnerable to hurricane damage in ways that few other cities are. The worst natural disaster in American history occured in 1900, when a hurricane killed thousands of people and virtually obliterated the island of Galveston. The city’s seawall was built thereafter in order to thwart future hurricanes, but many experts question the seawall’s efficacy as a last line of hurricane defense.

With hurricane Katrina still fresh in everyone’s minds, more residents are willing to evacuate in the path of a new hurricane. Mayor Thomas expressed gratitude over successful evacuation efforts. In particular, letting evacuees bring their pets with them has made “all the difference in the world”. This development comes on the heels of hurricane Katrina, when people were told by rescue workers that pets could not be brought along. In New Orleans, many residents opted to stay with their pets, regardless of life-threatening consequences.

Hurricane Rita is expected to make landfall north of Houston by Saturday morning.