Word: resorted
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Dates: during 2000-2009
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...clubs have been around only since the late 1990s, when Tanner & Haley pioneered the concept. There are now 18 in the U.S., each with about 30 properties. Members pay an average $230,000 to join and $15,000 in annual dues, says Dick Ragatz, president of Ragatz Associates, a resort-industry consultant in Eugene, Ore. Some clubs are doubling their membership each year and have been unable to develop properties fast enough...
Make sure your money is protected. There are no regulations governing vacation clubs, advises Howard Nusbaum, president and CEO of the American Resort Development Association. "Our goal is to have protections in place in the next few years," he says. So make sure you understand the terms. Ask about the ratio of members to homes (as stated earlier, 6 to 1 is par) and where new properties are scheduled. You should know about extra costs like housekeeping. Concierge service is usually free, but the items that are purchased for you are not. Find out the resignation policy so you know...
...Krall says he has spent "several" hundred thousand dollars making improvements, including designing a new septic system, renovating some of the dilapidated housing stock, trashing the shacks and cleaning up the debris and weeds. He also says he obtained a permit for resort development along the river that borders the town, which he says the new owner will be able to use. "It's a wonderful place,' says Krall. "I don't think I'll have trouble selling...
...There can't be many chefs trying to fuse Asian and Caribbean cuisine, but Vito Chan is doing just that. From his kitchen at Tao restaurant, in the Body Holiday hotel at St Lucia's Le Sport resort, he turns out exquisite dishes that have a distinctive Asian flavor and yet seem right at home on this volcanic isle. If you can't choose from a menu studded with so many tantalizing items, there's an easy solution: opt for the Tao Taste Plate of grilled beef tenderloin, pan-seared red snapper and wok-fried king prawns. Two other standouts...
...Regal Airport Hong Kong's airport hotel, tel: (852) 2890 6060, is every bit as stylish as the hub it serves?and even manages to impart something of a resort feel, with outsized rooms, two swimming pools, courtyard gardens and a spa. Hong Kong Disneyland and the new AsiaWorld-Expo convention center are within easy reach...