Wyndham Vacation Ownership Update

Wyndham Vacation Ownership Acquires Additional Units At Emerald Beach Resort In Panama City Beach, Fla

Wyndham Vacation Ownership, the world’s largest vacation ownership company and a member of the Wyndham Worldwide family of companies (NYSE: WYN), today announced it has finalized an earlier contractual agreement to purchase 100 additional vacation ownership units at the Emerald Beach Resort in Panama City Beach, Fla. from Emerald Beach Resort, LLC. These units supplement the 100 units the company purchased at the resort in 2007. Wyndham Vacation Ownership has also entered into a contractual agreement to purchase further units at the resort at a later date. Terms of the deal were not disclosed.
“Last fall, we initiated a deal that would expand our presence in the Florida Panhandle through the incremental acquisition of existing vacation ownership units in Panama City Beach,” said Franz Hanning, president & CEO of Wyndham Vacation Ownership. “Our continued investment in this popular beach destination ensures that even more of our owners will have the opportunity to experience it.”
Operating as a part of the company’s FairShare Plus by Wyndham vacation ownership exchange program, Wyndham Vacation Resorts Panama City Beach will include a combination of spacious one-, two- and three-bedroom fully furnished condominium-style units with spectacular views of the Gulf of Mexico, all featuring a private balcony, full kitchen, living room, dining room, and washer and dryer. The Emerald Beach Resort is located at 14700 Front Beach Road in Panama City Beach.

Tamarack Resort

Tamarack Resort:

the first all-season resort to open in the U.S. in more than two decades, has received national attention for its world-class mountain for skiing, hiking and mountain biking; Osprey Meadows, a Robert Trent Jones, Jr., signature golf course named America’s Best New Course in its category for 2006 by Golf Digest; and beautiful Lake Cascade, ideal for swimming, sailing, fishing, sea kayaking, and boating. A key element of the Tamarack community is The Club at Tamarack for homeowners, their families and guests.

Nestled in Idaho’s Payette River Mountains, Tamarack is a luxury boutique resort with a variety of lodging options all within walking distance of the four-season amenities

In depth review of Con #2 of Buying a Timeshare FLEXIBILITY

Flexibility

Although there are timeshare plans that afford more flexibility than others, some people feel nothing is quite as flexible as being able to decide when and where you go each year, in the more traditional methods of travel planning. If you want a holiday week, you may not be able to trade your timeshare for it, because there are many timeshare owners hoping for the same week. You also may not be able to decide last minute that you want to use your timeshare in a certain location.
If you buy a floating week timeshare, you will have more flexibility in when you use the timeshare, but availability is given on a first-come, first-served basis. So, planning farther in advance serves you better.

Positives and Negatives of owning a Tineshare

Timeshare Pros and Cons
As with anything in life, buying a timeshare has its pros and cons. One should not make a purchase without fully understanding both sides of the story. Timeshare ownership may not be best for your lifestyle. The material below may help you decide.

Timeshare Pros:
Long-term savings over hotels
Home-like accommodations
Real property ownership
Ability to exchange
Guaranteed vacations
Flexibility
Less maintenance than a vacation home

Timeshare Cons:
Reputation of unethical players and scams
Flexibility
Ability to exchange
Cash flow
Timeshares do not appreciate
May be difficult to resell
Maintenance fees and special assessments