Thailand Financial News

Fractional Ownership is Deeded and Secure Says Star Resort Group CEO Star Resort Group (Scottsdale, AZ), a leading developer, marketer and seller of resort real estate in North America, has reacted to the recent news that Tanner & Haley, a Destination Club based in Westport, Connecticut has filed voluntary petitions to reorganize under Chapter 11.

Carl Berry, CEO of Star Resort Group and pioneer in the shared ownership resort industry, notes that Tanner & Haley Resorts cited “increasingly stiff competition in its industry” as one of the reasons for the filing. Berry says “much of the competition comes from the most solid shared resort ownership model which is a fractional purchase. It fills a void for both consumers and developers: it has a great image; it offers a variety of products and locations; and many major hospitality brands have jumped aboard. It is fully deeded and secure, just like any other form of real estate. The bottom line is that it meets a need and it works! Today’s Fractional Real Estate Owners and developers have benefited by the legal frameworks designed for Timesharing: they are protected with deeds and title insurance, have the ability to obtain consumer loans; they can even re-sell their property. This is not the case with Destination Club memberships.” Carl Berry is widely acknowledged as the leading expert in the field of shared luxury resort real estate. Most recently Star Resort Group’s project list includes Northstar Club (Truckee, California), Snowmass Club (Aspen, Colorado), Purgatory Lodge and The Pinnacle (Durango, Colorado), Kirkwood Mountain Resort (South Lake Tahoe), Saguaro Ranch (Tucson, Arizona), and Robles del Rio Resort Hotel and Spa (Carmel Valley, California). For more information: www.carlgberry.com www.starresortgroup.com Contact: Georgi Bohrod +1-(619)696-8018
Carl Berry  +1-(415)519-1015