Denver, CO, June 28, 2021 –(PR.com)– Vacatia Partner Services, a number one supplier of modern, customer-centric options for timeshare resorts, has launched a brand new financing answer to help resorts with wanted renovations. Through a partnership with Glacier Creek Capital, VPS can assist deliver legacy resorts again from the brink. “Although we now have a number of services, that is the service I’m most enthusiastic about,” says Grant Miller, VPS’s Head of Growth. “Through them, we provide a revolutionary – and I don’t use that time period evenly – type of financing for HOAs. They can qualify for up to $20 million to enhance models and facilities. With these funds, resorts can get again to a stage of high quality that creates an ideal trip expertise for households. We assume this will likely be extraordinarily vital to the way forward for many legacy resorts.”
Under the brand new mannequin, as an alternative of resorting to a particular evaluation, resorts can use defaulted stock as collateral. “Glacier Creek Capital’s skilled group makes use of a data-driven strategy to assist resorts decide the renovation’s parameters and generate most return on funding,” Miller says. “They may even present a whole mission administration group to lead the renovation and supply entry to discounted buying providers.”
According to Seth Metsker, Glacier Creek’s Co-founder and Head of Real Estate and Credit, what makes this providing totally different is that they companion with HOAs, offering them with the funds to do all of the wanted enhancements at as soon as, together with the experience to do it proper. “Often, we see properties that actually haven’t been touched in 20 years,” he says. “We give attention to bettering and updating the property to deliver it as shut to present as attainable, which is able to enhance the proprietor expertise, appeal to new rental income and, finally, a brand new stream of householders. With our program, we’re trying at the property’s future potential, not simply previous efficiency. We have a inventive strategy that acknowledges that after renovations are full, the income streams will look fully totally different.”
Glacier Creek can present a turnkey answer that features contractors, designers and different professionals who make sure that the renovations ship most worth. “Our background is in actual property growth in addition to hospitality, so we are able to see precisely the place the potential is and the way to obtain it.” Metsker says. “We’re not simply writing a test and shifting on; we now have a three- to five-year financing product that’s based mostly on our being an energetic companion to actually drive outcomes.”
While resorts usually are not required to use Glacier Creek’s roster {of professional} providers, all contractors have to be vetted to guarantee they’re certified for the mission. “Because of our nationwide quantity, resorts have entry to get higher pricing, so that they lower your expenses on the general mission,” Metsker says. “We give attention to renovations that place the resort to drive long-term proprietor worth. We can assist them decide the place they’ll get the most important bang for the buck.”
“What makes this good is that Glacier Creek is not only a financing companion, they really perceive property administration and what attracts homeowners and rental friends,” Miller provides.
The new financing mannequin is simply one of many recent options provided by VPS, which has 750 trade companions, together with a number of the largest timeshare corporations, counting on it for rental and resale providers. In addition, Vacatia has grown its property administration providers with 12 house owner associations in 6 states representing greater than 25,000 timeshare homeowners. Their merchandise are designed to drive proprietor engagement, enhance money circulation, appeal to new members and even finance wanted property renovations. To study extra about VPS’s rental, resale, membership and property administration providers, and the way they’re reinventing the timeshare expertise throughout discovery, reserving, and keep, name (720) 449-6738 or go to vacatiapartnerservices.com.
