The landscape for legacy timeshare resorts is quickly changing. Across the country, self-managed resorts are navigating a mix of challenges and opportunities that would have been hard to imagine a decade ago. Rising insurance costs, labor shortages, updated building requirements, and unpredictable weather patterns have placed new demands on already over-tasked operations.
Jeff Ingram never expected a summer job at a Kissimmee hotel to shape the course of his life. But more than four decades later, his journey through hotel operations, vacation rentals, and timeshare leadership has led him to a unique role - reimagining aging resorts across the country. Today, he serves as Senior Vice President of Real Estate Redevelopment at Lemonjuice Capital Solutions.
During in-depth conversations with timeshare HOA boards across the country, one theme has consistently emerged — the critical importance of understanding the nuanced needs of owners. As one long-termed board president aptly stated, "Owners reveal their desires both through their words but also, and sometimes even more loudly, by how they use their checkbooks."
Digital inclusion is not just a technical consideration but a moral and legal obligation. Hospitality brands that fail to make their digital experiences accessible risk alienating potential guests and owners and exposing themselves to legal risk. By embracing inclusive design, resorts not only comply with regulations like the Americans with Disabilities Act (ADA) but also demonstrate a commitment to welcoming all guests.
Alex Krakovsky’s journey from a timeshare owner in Ocean City, Maryland, to the Chief Executive Officer of Lemonjuice Capital Solutions is a compelling story of curiosity, perseverance, and innovation. Through personal experiences and a keen eye for opportunity, Krakovsky transformed his understanding of timeshares into a career dedicated to revitalizing and reimagining legacy resorts for a sustainable future.
Cedar Village was built in the early 1970s. It was a thriving association at one time, but in later years, it faced the typical challenges of a declining and aging ownership base, resulting in decreasing annual revenues to support the complex. We tried various strategies to reinvigorate the complex, association, and ownership, but our results were limited and insufficient for long-term sustainability.
In an era of increasingly frequent and severe natural disasters, property managers are under growing pressure to ensure financial and operational resilience. Gary Porter, CEO of Facilities Advisors International, has spent decades advising property associations on managing these challenges, with a focus on proactive planning, legal considerations, insurance strategies, and the integration of technology.
Many timeshare resorts across the country face a critical challenge: timeshare plan expiration dates. These plans, which serve as the legal framework for timeshare resorts, sometimes include provisions for termination at specific future dates. When a timeshare plan expires, the impacted resort ceases to function as a timeshare, leaving owners without clear guidance on what comes next. ARDA-ROC is leading the way in timeshare termination legislation.
Yachtsman Resort, comprised of two towers and 160 units, was sold for $12.75 million, with the transaction finalized on January 31, 2024. Timeshare owners are set to receive an average of $2,643 per timeshare interest, contingent upon account balance and unit size.
Lemonjuice Capital and Solutions announces the sale of the Pinecrest Townhome timeshare resort located in Pigeon Forge, TN for $5.6 million. The buyer is an effective owner that focuses on vacation rentals for Veterans and their families.
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