I just did some research and found this article on line: They need our money for what?
Raintree Vacation Club performs well amidst recession
Written by TSD Staff
Raintree Vacation Club—a Houston-based timeshare company—released their latest financial report. The company says that they are not only looking to acquire new properties, but they are also setting sales records.
Raintree is the largest independent US-based vacation ownership company in Mexico. The company has sales offices in Cancun, Los Cabos, Puerta Vallarta, and Mexico.
The Raintree Vacation Club has 21 timeshare resorts, 10 of which are in Mexico. The Club also has resorts in western US and western Canada.
Recently, the Club bought the Phoenix resort, which marked their 21st property. The company’s president and CEO Doug Bech says that the Phoenix property represents, “… over $100 million in future timeshare sales. It was acquired from Resort Funding, which is also providing an excellent working capital/receivables hypothecation line of credit for the consumer notes for both the Phoenix and Villa Vera Puerto Vallarta resorts. We will be rebranding this property quickly and begin operating it as a Raintree Resort.”
While most timeshare clubs are downsizing, Raintree continues to maintain pursue high-market perspectives. The company is clearly doing something right.
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