Press Releases
Colebrook Financial Finances Indian Palms Intervals Improvements (October 2024)MIDDLETOWN, CT (October 30, 2024) – Colebrook Financial Company, a leading lender to the timeshare and travel club industries has provided financing to Indian Palms Intervals, an 87-unit timeshare property located in Indio, California. The HOA used the capital to upgrade the pool area with a lounge, new pool and surrounding deck area.
Indian Palms Country Club and Resort
According to Bill Ryczek, Principal/Colebrook Financial, Indian Palms has a lengthy history and many dedicated, long-time owners. He said, “When timeshare properties age, the owners have two choices. They can re-purpose the resort and move on, or they can breathe new life into their beloved older property and give the owners a reason to keep coming back. The Indian Palms Association chose to do the latter, upgrading their amenities with a beautiful pool area. We are happy we were able to work with Management Rep Stephanie Myers, and Owen Hoskinson, Board Treasurer, to bring this project to completion. May the Indian Palms owners enjoy it for many years to come.”
Other amenities that benefitted from the infusion of funds included the BBQ area, putting green, laundry room remodel and spas. The resort also has access to a 27-hole championship golf course. Indian Palms is situated in the Coachella Valley close to the world famous Indian Wells tennis championships, scores of golf courses, hiking, music festivals and popular art shows.
Indian Palms Country Club and Resort
Stephanie Myers, President of Vacation Leisure Maintenance Co. Inc., on the management team for Indian Palms said “working with the Colebrook team was seamless. They answered all of our questions in a timely manner and helped bring the resort property fresh new energy to ensure a memorable retreat for our owners and guests.”
Colebrook is a pioneer in many forms of financing and began working with club products before most lenders. Few competitors can match their longevity in the industry. They enjoy a reputation for adapting to new situations more quickly than larger institutions.
About Colebrook Financial Company
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
Vacation Club Loans Recognized as South Florida’s 2024 Fast 50 Honoree (June 2024)
MIDDLETOWN, CT (June 30, 2024) – Colebrook Financial Company, a leading lender to the timeshare and travel club industries, announced that its subsidiary, Vacation Club Loans (VCL) has joined the ranks of South Florida Business Journal’s 2024 Fast 50, recognizing the region’s fastest-growing private companies.
Debbie Ely (L) and Melinda Miramant (R)
Melinda Miramant, CFO and Partner/Colebrook Financial, said that “Under the leadership of President Debbie Ely, VCL’s financing of Disney Vacation Club resales is at a record pace. VCL was selected for this honor based on its demonstrated growth in the past three years.”
“An award like this clearly demonstrates how having the right partners (Colebrook Financial) can positively affect the growth of our business. Their financial resources plus their deep understanding of the timeshare industry as well as our unique niche paved the way to such success,” said Ely.
The Awards ceremony will be held in August. According to the Journal, Fast 50 companies are champions of growth in South Florida –translating into jobs and newly injected cash into the community. The Fast 50 is a compilation of two Top 25 lists: one for companies with more than $25 million in annual revenue, and one for companies with less than $25 million in annual revenue. This year VCL falls into the second category.
In addition to Disney Vacation Club, Vacation Club Loans, based in Delray Beach, Florida, provides financing for the Marriott, Hyatt, Hilton, and Westin brands.
Colebrook is a pioneer in many forms of financing, which led them to VCL and resale financing. Few competitors can match their longevity in the industry. They enjoy a reputation for adapting to new situations more quickly than larger institutions.
About Colebrook Financial Company
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
About Vacation Club Loans
Vacation Club Loans located in Delray Beach, FL, serves the United States and Canada for those who wish to purchase vacation ownership points. Its easy loan approval process and flexible payment plans for up to ten years have made it a pioneer lender in DVC financing and other timeshare resales across all brands. For further information, email Debbie@vacationclubloans.com or visit www.vacationclubloans.com
Colebrook Financial Acquires Interest in Vacation Club Loans (April 2024)
MIDDLETOWN, CT (April 4, 2024) – Colebrook Financial Company, a leading lender to the timeshare and travel club industries, announced that it has purchased a majority interest in Vacation Club Loans (VCL) which specializes in financing Disney Vacation Club® resales.
Mark Raunikar and Debbie Ely
Mark Raunikar, Partner/Colebrook Financial, said that “Under the leadership of President Debbie Ely, VCL’s financing of Disney Vacation Club resales is at a record pace. Our participation, along with Debbie’s existing ownership share and Bert Blicher’s continuing involvement will enable Debbie to continue growing her business.”
Vacation Club Loans, based in Delray Beach, Florida, also provides financing for the Marriott, Hyatt, Hilton, and Westin brands.
“As a relatively new company we were quite concerned about how we would emerge from COVID. To our pleasant surprise, we actually got even busier,” said Debbie Ely. “Colebrook has been our primary lender since 2016, and we’ve worked together on deals since 2012.”
VCL’s principal owner Bert Blicher and Colebrook’s Partner Bill Ryczek have known each other since 1979.
According to Debbie Ely, RRP, CEO / Vacation Club Loans, LLC, “I truly value our business relationship with Colebrook as it has been the significant factor in our growth over the past few years. Colebrook’s ability to accommodate our unique needs and understand the resale market has been exceptional.”
Bill Ryczek
Bert Blicher
Bill Ryczek, Partner/Colebrook Financial said, “When another company steps into a situation, you often hear that it will be ’business as usual.’ We are confident that it will be better than usual. Debbie will continue as CEO, while our CFO, Melinda Miramant and her staff will take over the administrative support and free Debbie up to do the marketing, service the brokers and do what she does best!”
Colebrook is a pioneer in many forms of financing, which led them to VCL and resale financing. Few competitors can match their longevity in the industry. They enjoy a reputation for adapting to new situations more quickly than larger institutions.
About Colebrook Financial Company
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
About Vacation Club Loans
Vacation Club Loans located in Delray Beach, FL, serves the United States and Canada for those who wish to purchase vacation ownership points. Its easy loan approval process and flexible payment plans for up to ten years have made it a pioneer lender in DVC financing and other timeshare resales across all brands. For further information, email Debbie@vacationclubloans.com or visit www.vacationclubloans.com
Colebrook Financial Provides More Funding for Disney Vacation Club Resales (July 2023)
MIDDLETOWN, CT (July 30, 2023) – Colebrook Financial Company, a leading lender to the timeshare and travel club industries announced that, due to the volume continuing to be generated by Vacation Club Loans (VCL), it has provided an additional $10 million in funding to the company which specializes in financing Disney Vacation Club® resales. This doubles its hypothecation loan to VCL, and combined with a $40 million purchase facility, increases Colebrook’s overall relationship with Vacation Club Loans to $60 million.
Mark Raunikar, Partner/Colebrook Financial, said that “Under the leadership of President Debbie Ely, VCL’s financing of Disney Vacation Club resales is at a record pace. The $10 million commitment that we closed last October has already been fully utilized, and we are pleased to announce that we recently doubled the capacity under the loan to $20 million. This will enable Debbie to continue growing her business, generating high quality vacation ownership receivables.”
Colebrook and VCL have had a relationship since 2016 and VCL’s principal owner Bert Blicher and Colebrook’s Partner Bill Ryczek have known each other since 1979.
Mark Raunikar and Debbie Ely
Vacation Club Loans, based in Delray Beach, Florida, also provides financing for Marriott, Hyatt, Hilton, and Westin brands.
According to Debbie Ely, RRP, President / Vacation Club Loans, LLC, “We rely on Colebrook because they can handle transactions of most any size we need. Our success hinges on great relationships with our partners and Mark and the rest of the Colebrook Team have made the lending process relatively seamless. I truly value our business relationship as it has been the key factor in our growth over the past 7 years. Colebrook’s ability to accommodate our unique needs within the resale market as well as their responsiveness has helped tremendously factor. They are such a great group to work with.”
Colebrook is a pioneer in many forms of financing and began working with club products before most lenders. Few competitors can match their longevity in the industry. They enjoy a reputation for adapting to new situations more quickly than larger institutions.
About Colebrook Financial Company
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
About Vacation Club Loans
Vacation Club Loans located in Delray Beach, FL, serves the United States and Canada for those who wish to purchase vacation ownership points. Its easy loan approval process and flexible payment plans for up to ten years have made it a pioneer lender in DVC financing and other timeshare resales across all brands. For further information, email Debbie@vacationclubloans.com or visit www.vacationclubloans.com
Colebrook Financial Renews it Line of Credit to MVP, a Takacs Company (Formerly TOWB/MVP) (July 2023)
MIDDLETOWN, CT (July 17, 2023) – Colebrook Financial Company, a leading lender to the timeshare and travel club industries, announced that it has renewed its line of credit to MVP, a Takacs Company. MVP is the newly combined company which includes TheMVPService, TOWB and TheMVPClub.
The funds provide for the conversion of timeshare properties to alternate uses, a sector in which TOWB, a Takacs company has been involved in since 2015. Colebrook previously financed successful conversions of Captain’s Cove in Galveston, TX, and Indian Wells, in the Palm Springs, California. Colebrook is currently financing ongoing TOWB projects in Ruidoso (New Mexico), Arkansas and California which are still in progress. The renewed line of credit will be used to fund expenses for ongoing projects.
One of the emerging trends in the industry is the decision to consider a ‘retire’ or ‘repurpose’ solution for the timeshare program at many Associations. There are numerous reasons for this; the most common is the lack of a strong secondary market.
Joe Takacs
‘MVP helps developers, HOAs and owners review all realistic options and guide them through repositioning their resort for a successful future,” explained Joe Takacs, President and CEO of MVP.
“Colebrook’s management has known Takacs since the late 1980s. Re-purposing is a relatively new field and Joe and Dana Takacs are pioneers. It takes a broad variety of skills to effectively convert timeshare resorts to alternative use and between them, Joe and Dana possess just about all of them. We are delighted to have the opportunity to provide the capital to support them,” said Bill Ryczek, Colebrook Financial Founder and Principal.
Joe Takacs related that “Colebrook is an unusual lender in that they are involved. It is a pleasure to work with them and everyone at MVP looks forward to working together for years to come.”
About Colebrook Financial Company
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
About MVP, a Takacs Company
MVP, a Takacs Company is a combination of TheMVPService, Tomb and TheMVPClub. In 2007, Joe and Dana Takacs formed TheMVPService LLC, a company dedicated to establishing a commissions-based timeshare resales market without the pressure offered in so many places. Joseph is a licensed broker in 36 states and today, MVP sells onsite for timeshare associations in Florida, California, Rhode Island, New Mexico, Rhode Island, Massachusetts, Arizona, Pennsylvania, Georgia, and North Carolina. Towb was born from TheMVPService in 2018 with a singular purpose; to offer an inner circle of expertise for Boards, people that bring creativity, best practices, and courage to try new ideas to “legacy” properties. MVP and TOWB have always collaborated with HOA Boards to ask and learn what best benefits the owners and their families.
Colebrook Financial Increases InnSeason’s Receivable Loan to $15 Million (June 2023)
MIDDLETOWN, CT (June 29, 2023) – Colebrook Financial Company, a leading lender to the timeshare and vacation club industries, recently expanded its $12 million hypothecation loan to $15 million to keep with sales at InnSeason Resorts, a brand that focuses on the true “Northeast Experience.”
InnSeason has 50,000 members and six quality resorts in highly sought-after locations under their brand umbrella. Billy Curran, CEO of Inn Seasons, says 99% of their members come from the region.
According to Mark Raunikar, Partner at Colebrook, “The strong and experienced InnSeason management team does a terrific job of selling the InnSeason vacation club product as well as developing the second phase of their signature RiverWalk property in Lincoln, New Hampshire. Coordinating the loan process with COO/CFO Cathy Leyden has helped the process run smoothly and efficiently.
Mark Raunikar, Partner/Colebrook Financial
“We are very pleased to be working with InnSeason Resorts as they expand their brand and help more people get out on vacation in the Northeast. We know this region very well and are pleased to help support tourism and hospitality in these special locations,” continued Mark.
Dennis Ducharme, President Ducharme shared the reasoning behind working with Colebrook. “We are thrilled to have a lending relationship with Colebrook. Bill (Ryczek) and Mark (Raunikar) are extremely knowledgeable about the resort development industry, very flexible and just easy to talk to. This is very important whereby not all projects are the same—having several we know this to be true. The teams at Colebrook and InnSeason work very well together to bring success to all.”
Colebrook, celebrating its 20th anniversary, has an excellent reputation for working with developers, financial service providers and bankers to ensure smooth transactions, even in non-traditional settings.
About Colebrook Financial Company
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
About InnSeason Resorts
InnSeason Resorts – The Northeast Experience, was born in 1987 with the vision of sharing the uniqueness and charm of New England with the world. As New England natives, owners Billy Curran and Dennis Ducharme embarked on a journey to create the premier vacation ownership experience in the Northeast. More than 30 years later, InnSeason Resorts is the largest independent vacation ownership developer and operator in the Northeast and also one of the largest in North America. Focusing on our customers first and foremost, the InnSeason portfolio spans 6 resorts under ownership, a growing array of managed resorts, and an ever-expanding roster of member families. InnSeason Resorts is your gateway to a lifetime of memories: anticipating our guests’ every need, we are here for you to relax, unwind, and play.
Colebrook Financial Provides Loan for Re-Purposing Bay Club Condominium To Lemonjuice Capital Solutions (May 2023)
MIDDLETOWN, CT (May 16, 2023) – Colebrook Financial Company, a leading lender to the timeshare and travel club industries, announced that it has provided a loan to Lemonjuice Capital Solutions to support the re-purposing of Bay Club Condominium a 60-unit resort located in the vacation destination of Ocean City, MD.
Bill Ryczek, Partner, Colebrook Financial said, “We’ve known Scott MacGregor, Richard Winkler, and Jan Barrow of the Lemonjuice organization for many years and it’s good to be doing business with them again. The company is very well-capitalized and doesn’t require a lot of financing, and we’re pleased they came to us when they had a need.”
Scott Macgregor
Colebrook is a pioneer in many forms of financing and began working with alternative vacation ownership and club products before most lenders. Few competitors can match their longevity in the industry and they enjoy a reputation for adapting to new situations more quickly than larger institutions.
Lemonjuice Capital Solutions’ Chief Operating Officer Scott MacGregor says that “In our property restructuring and recapitalization programs, we rely on agile business partners to complement our internal capabilities, and Colebrook is unique in their understanding, flexibility and responsiveness to the legacy resort environment. They’ve been great partners, and their underwriting and closing processes were fast and efficient.”
About Colebrook Financial Company
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
About Lemonjuice Solutions
Lemonjuice Capital and Solutions is a leading provider of professional management, strategic planning and execution, investment capital, and technology solutions for timeshares, condominiums, and mixed-use properties. With its Resorts Reimagined™ program, Lemonjuice Capital and Solutions rejuvenates timeshare resorts and condominiums, ensuring maximum value for owners. By aligning its interests with owners, stakeholders, and associations, Lemonjuice Capital and Solutions delivers innovative, results-driven solutions that foster growth and profitability. To learn more about Lemonjuice Solutions, contact Jan Barrow at 863-602-8804 or email Jan.Barrow@Lemonjuice.biz
Colebrook Financial Announces Lender Education Seminar (May 2023)
MIDDLETOWN, CT (May, 2023) – Colebrook Financial Company, a leading lender to the timeshare and travel club industries, will hold a Lender Education Seminar on May 23 at the Inn at Middletown, CT.
Bill Ryczek, Partner, Colebrook Financial said, “We’ve held these invitation only events in the past; this is the first one since the pandemic. Our goal is to educate our banking partners about the state of the timeshare industry and the new developments in the structuring of vacation products.”
Colebrook, which is celebrating 20 years of operation, enjoys a reputation as a pioneer in financing alternative vacation ownership and club products.
Two guest speakers representing a Colebrook client, Club Boardwalk Resorts (formerly Flagship Resort) (Atlantic City, NJ), will present a case study of their successful operations and how they work with Colebrook. Kevin Jones and Roxanne Passarella, Esq., co-presidents of Club Boardwalk will share their experiences and results with the group of registered attendees.
Other subjects to be covered during the morning event will be Timeshare Re-purposing Loans and Colebrook Cash Management.
“Not too many folks are aware of the situation surrounding loans to Re-purposing situations. We understand the unique requirements of this type of transaction,” said Colebrook principal Mark Raunikar, who will deliver the presentation.
The seminar is closed for registration. Colebrook will be providing a link to the content in upcoming newsletters and social media.
About Colebrook Financial Company
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
Colebrook Financial Provides $10 Million Fixed Rate Receivables Loan to Global Exchange Development Corporation (February 2023)
MIDDLETOWN, CT (February, 2023) – Colebrook Financial Company, a leading lender to the timeshare and travel club industries, announced that it has provided an additional $10 million in financing to Global Exchange Development Corporation (GEDC). GEDC is the development company that builds or acquires the inventory for Global Exchange Vacation Club (GEVC), finances the purchases of the timeshare memberships, is the company responsible for selling GEVC’s memberships and in doing so hypothecates the consumer notes created by the sales.
Colebrook and Global Exchange have had a relationship since 2009. GEVC is one of the most versatile and flexible vacation ownership products in the industry offering RCI points to a predominantly South Western market.
According to Rick Sargent, President / Global Exchange Development Corporation, “Thanks to Colebrook we can continue to offer our Global Exchange Vacation Club members affordable and flexible vacation opportunities in luxury accommodations all over the world. Colebrook Financial is one of the few lenders who understands the vacation club model. We differ in that we do not offer a deed to ownership, but rather allow our members customization when it comes to the length of vacation time, size of accommodations and when or where they wish to travel. Colebrook gets that.”
Mark Raunikar, Partner, Colebrook Financial said, “In this rising rate environment, we were pleased to structure a transaction that enabled Global to convert variable rate debt to a fixed rate, lower its borrowing costs, and lock in a profit. It has been a great pleasure working with GEVC over the last 13 years, and we look forward to working with Rick for many years to come as he continues to manage his business with unmatched energy and optimism.”
Colebrook is a pioneer in many forms of financing and began working with club products before most lenders. Few competitors can match their longevity in the industry. They enjoy a reputation for adapting to new situations more quickly than larger institutions.
About Colebrook Financial Company
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
Colebrook Financial Celebrates Its 20th Anniversary (January 2023)
MIDDLETOWN, CT (January, 2023) – A review of the events of early 2003 yields little but bad news. There were bombings in the Middle East, the space shuttle Columbia disintegrated in space with fatal consequences, and President George W. Bush and Iraqi strongman Saddam Hussein vied to see which was the toughest hombre of them all.
But amidst the chaos and angst of early 2003 was a ray of good news. On Thursday, January 2, four partners of Colebrook Financial Company unlocked the door of their office at 100 Riverview Center in Middletown, Connecticut, determined to find out whether they could earn a living making timeshare loans.
Each partner had resigned from his banking job, forsaking a steady salary, benefits, and security. For Bill Ryczek, it wasn’t the best time to abandon security. His son had begun college a few months earlier and his daughter was a senior in high school. “There’s no perfect time to launch a new venture,” Bill said recently. “But we were old enough to have some experience and young enough to have the energy for an extended run. I was dramatically underpaid in my last banking job, which turned out to be a blessing in disguise. If I was making a market salary or even close to it, it would have been a much more difficult decision to leave, and I might not have done it.”
Mark Raunikar was the youngest partner. “I was ready for a change,” he said “after working for the same company for 15 years straight out of college. I was excited but apprehensive, and had done everything I could to cut my living expenses. But I also knew I was young enough to start over if things didn’t work out like we planned.”
Linda Heller is only other original partner still active. Her role as silent partner is a little different, since she wasn’t giving up a full-time job, but she had the strongest financial statement, and if things went badly, she was likely to be the one the banks would look to first. "I had confidence in the abilities of my partners,” Linda said, “and knew about their expertise, experience, determination, and most of all their extraordinary perseverance. I was confident that we’d be successful, and my confidence has been rewarded. All of those qualities are reflected in the business we have today.”
It’s 20 years later. Bill’s children have long since graduated from college, Mark has been able to loosen his financial belt a little, and Linda’s guaranty was never called. It turned out that the timeshare industry had room for a company large enough to make substantial loans but small enough to pick up the phone and deliver straight answers. But that was far from a certainty on that January day in 2003 when four apprehensive partners placed a heavy bet on an idea, a fragile confidence, and the optimism requisite of an entrepreneur. “When I look back at the financial results of the first year,” Bill recalled, “I think now that I probably should have been more worried than I was, but I never felt a sense of panic. We always had irons in the fire.”
Staying in business for 20 years requires continuous adaptation, especially in the dynamic timeshare industry. The past two decades have witnessed consolidation and a steep decline in the number of independent developers, the advent of points-based and travel club products and, recently, the re-purposing of older timeshare properties. A small company can be nimble, but people who’ve been in an industry for several decades can be resistant to change. Colebrook’ partners haven’t allowed old habits to inhibit new ideas, which is what’s enabled them to celebrate their 20th year in existence.
About Colebrook Financial Company
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
Colebrook Financial Company Announces Hypothecation Loan for Gold Point Lodging and Realty (January 2023)
MIDDLETOWN, CT (January, 2023) – Colebrook Financial Company, a leading lender to the timeshare industry, has announced it has renewed a $12 million line of credit to Gold Point Lodging and Realty, part of the Breckenridge Grand Vacations (BGV) companies) to finance sales at Breckenridge Grand Vacations’ (BGV) Grand Timber Lodge.
Created in 1984, Breckenridge Grand Vacations (BGV) was built by brothers Mike and Rob Millisor and friend Mike Dudick upon the belief that the success of their company would be determined by the positive impact it had on their owners and guests, employees, and the community. The developers of the company also embraced the concept that BGV would be the best in sales if they were first and foremost the best in customer service. BGV now creates Grand vacations for over 30,000 owners.
The recent renewal emphasizes the value Colebrook Financial Company places on long term relationships. Breckenridge Grand Vacations has been a customer since 2009. “Breckenridge Grand Vacations is one of the largest and best independent timeshare developers in the United States and we’re delighted to have had an excellent relationship with them since 2009. Each of their properties is more spectacular than the last, even though that didn’t seem possible when the last one opened. Somehow, they manage to outdo themselves every time,” said Tom Petrisko, Principal of Colebrook.
Blake Davis, CFO of Breckenridge Grand Vacations adds: “Our goal at BGV is creating smiles. Working with Colebrook certainly produces smiles on our part. Over the past decade we’ve seen first hand how they continually look at different perspectives to make the process and results more beneficial to all concerned.”
Colebrook is a pioneer in many forms of financing. They began financing club products before most lenders. Few competitors can match their longevity in the industry. Bill Ryczek started in 1979, Mark Raunikar in 1988 and Tom Petrisko in 1998. Yet, this experienced and nimble management team adapts to new situation more quickly than larger institutions.
About Colebrook Financial Company
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
About Gold Point Lodging and Realty Inc.
Gold Point Lodging & Realty Inc. manages Grand Timber Lodge.
Grand Timber Lodge: The perfect mountain resort in the perfect mountain town. Located just off the slopes of the Breckenridge Ski Resort, Grand Timber Lodge is the perfect place for making family memories year-round. The resort provides quick access to all mountain activities, while being just a short walk from Breckenridge’s bustling Main Street.
With residences ranging from studio units to four-bedrooms, Grand Timber Lodge has the perfect accommodation size to fit any group. Residences that are one-bedroom and larger feature ample square footage, fully-stocked kitchens, gas fireplaces and balconies. Resort amenities include: multiple indoor/outdoor pools and hot tubs, The Boot restaurant and bar, fitness center, private theaters, family game room and more.
Contact:
Bill Ryczek, 860-344-9396
Media:
Georgi Bohrod, RRP
760-803-4522
Colebrook Financial Provides Funding for Disney Vacation Club Resales (December 2022)
MIDDLETOWN, CT (December, 2022) – Colebrook Financial Company, a leading lender to the timeshare and travel club industries announced that it has provided an additional $10 million in financing to Vacation Club Loans which specializes in Disney Vacation Club resales. This brings the total loan amounts provided by Colebrook to Vacation Club Loans (VCL) to $50 million.
Colebrook and VCL have had a relationship since 2016 and VCL’s principal owner Bert Blicher and Colebrook’s Partner Bill Ryczek have known each other since 1979. Colebrook previously provided financing for sales at Blue Water Resort in Nassau. CEO Bert Blicher and VCL President and co-owner Debbie Ely were active in the Blue Water transaction.
Mark Raunikar, Partner, Colebrook Financial said, “Financing timeshare resales has always been a challenge, and Debbie has taken that challenge and run with it. It’s been truly gratifying to see her start from zero and build a thriving resale finance company. We look forward to working with her for years to come.”
According to Debbie Ely, RRP, President / Vacation Club Loans, LLC, “Colebrook is absolutely wonderful to work with. Their responsiveness and ease of funding are a key point in our success.”
Colebrook is a pioneer in many forms of financing and began working with club products before most lenders. Few competitors can match their longevity in the industry. They enjoy a reputation for adapting to new situations more quickly than larger institutions.
Colebrook is a pioneer in many forms of financing including getting involved with club products before most lenders. With roots in traditional timeshare lending, few competitors can match Colebrook’s longevity in the industry. They enjoy a reputation for adapting to new situations more quickly than larger institutions as well as maintaining long-lasting relationships industry-wide. They are approaching their 20-year anniversary.
About Colebrook Financial Company
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
About Vacation Club Resorts
Vacation Club Loans located in Delray Beach, FL, serves the United States and Canada for those who wish to purchase vacation ownership points. Its easy loan approval process and flexible payment plans for up to ten years have made it a pioneer lender in timeshare resales across all brands. For further information, email Debbie@vacationclubloans.com or visit www.VacationClubLoans.com.
Contact:
Bill Ryczek, 860-344-9396
Media:
Georgi Bohrod, RRP
760-803-4522
Colebrook Financial Increases Flagship Resort's Loan to $20 Million (September 2022)
MIDDLETOWN, CT (September 13, 2022) – Colebrook Financial Company, a leading lender to the timeshare and travel club industries has extended and increased its hypothecation loan to Flagship Resort Development Corp. to $20 million. Flagship owns and operates a trio of resorts in Atlantic City, New Jersey.
The Flagship Resort is located where Atlantic City’s Historic Boardwalk begins. The family-friendly 32-story property is known for exceptional views which owners can enjoy from their own private balcony. Called an oasis in the sky, Flagship features studio, one-bedroom, and two-bedroom suites as well as dining, shopping, and spa amenities.
Kevin Jones and Roxanne Passarella
Atlantic Palace Resort is centrally located on the Atlantic City boardwalk, while La Sammana, a smaller, boutique property, is across the inlet in Brigantine.
Tom Petrisko of Colebrook Financial
Flagship’s Jim Casey said, “ I love Colebrook. They have a wealth of knowledge, are great guys and they KNOW how to lend! I’ve known and trusted Bill Ryczek for 40 years! ”
“It’s been rewarding to see Kevin Jones and Roxanne Passarella steadily increase the volume of the Flagship sales operation. Colebrook and Flagship have a relationship going back to 2009 and now, as they are experiencing new growth, we’re excited to increase our loan to accommodate that upswing. We look forward to many years of working with the company,” said Colebrook principal Tom Petrisko.
Colebrook is a pioneer in many forms of financing including getting involved with club products before most lenders. With roots in traditional timeshare lending, few competitors can match Colebrook’s longevity in the industry. They enjoy a reputation for adapting to new situations more quickly than larger institutions as well as maintaining long-lasting relationships industry-wide. They are approaching their 20-year anniversary.
About Colebrook Financial Company
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
About Fanta Sea Resorts
Since 1991, FantaSea Resorts has enriched lives by providing affordable, dream vacation opportunities to thousands of families in the Tri-State and Delaware Valley. It is our belief that quality downtime should be honored and easily attained, even amidst the most hectic lifestyles. FantaSea Resorts is proud to be the premier provider of vacation ownership products and services in the Northeast, and one of the largest privately owned hospitality companies in Atlantic City. With 45,000 vacation owners and growing, FantaSea Resorts supports its mission through strategic alliances with leaders in worldwide tourism and progressive development in Atlantic City. Our timeshare exchange partnerships allow vacationers to exchange their weeks anywhere around the world and to choose from over thousands of affiliated resorts in over 100 countries.
Contact:
Bill Ryczek, 860-344-9396
Media:
Georgi Bohrod, RRP
760-803-4522
Colebrook Financial Finances Vacatia's Acquisition of Liberte Management, LLC (August 2022)
MIDDLETOWN, CT (August 29, 2022) – Colebrook Financial Company, a leading lender to the timeshare and travel club industries has provided financing to Vacatia Inc., a leading provider of innovative, customer-centric solutions for timeshare resorts, to acquire Liberté Management Group. Liberté Management Group, a Vacatia Company, manages six Florida properties located on St. Pete Beach, Redington Shores, Madeira Beach, Treasure Island and Belleair Beach.
Vacatia is an innovative hospitality company offering resort residence rentals and timeshare resales. The Mill Valley, California–based company also partners with timeshare homeowner associations to ensure long-term vitality and care for the resorts and owners. Including the Liberté properties, Vacatia now manages 4,750 units in eight states.
Bill Ryczek, partner, Colebrook Financial said, “Vacatia is one of the leading management companies in the timeshare industry. Their ability to rent timeshare inventory is invaluable to independent resorts. We’re pleased to help with the acquisition of Liberté and look forward to expanding our relationship with Vacatia.”
Michelle Duchamp of Vacatia Partner Services
According to Michelle DuChamp, head of Vacatia Partner Services, “We are dedicated to the success of independent resorts and their vibrant owner communities. Colebrook Financial understands our customer-centric products and our commitment to help resorts drive owner engagement, attract new members and finance property renovations. Their deep expertise in the timeshare resort industry and flexibility when it comes to financing innovative vacation models drove our decision to work with them.”
Colebrook is a pioneer in many forms of financing and began working with club products before most lenders. Few competitors can match their longevity in the industry. They enjoy a reputation for adapting to new situations more quickly than larger institutions.
About Colebrook Financial Company
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal. For a complete list of product offerings and information on Colebrook and its principals, visit www.colebrookfinancial.com
About Vacatia Partner Services
Vacatia has rapidly grown its property management services to 4,750 units in eight states. Management services are just one of the fresh solutions offered by Vacatia, which has 750 industry partners, including some of the largest timeshare companies, relying on it for rental and resale services. Their products drive owner engagement, improve cash flow, attract new members and even finance needed property renovations. Vacatia Partner Services (VPS) is the division of Vacatia that works with property management companies and independently managed associations across the country to help timeshare resorts thrive in the modern era. To learn more about VPS’s rental, resale, subscription membership products and property management services, and how they are reinventing the timeshare experience across discovery, booking, and stay, call (720) 449-6738 or visit vacatiapartnerservices.com.
Contact:
Bill Ryczek, 860-344-9396
Media:
Georgi Bohrod, RRP
760-803-4522
Colebrook Financial Announces Capital Improvement Loan for Pollard Brook Home Owners Association (April 2022)
Pollard Brook Resort in Lincoln, New Hampshire
MIDDLETOWN, CT (April 14, 2022) —Colebrook Financial, a leading lender to the timeshare industry, closed a receivable financing facility with InnSeason Resorts in 2021 and is now following that up with a capital improvement loan for one of its owners’ associations.
Rather than do improvements in stages, the Pollard Brook HOA, which manages the company’s Pollard Brook Resort in Lincoln, New Hampshire has opted to do all the renovations at once; the loan will allow the association, with the professional guidance of the InnSeason property management team, to finance indoor and outdoor pool and hot-tub amenity upgrades at the resort.
Mark Raunikar, Partner/Colebrook Financial
Mark Raunikar, Partner/Colebrook Financial, said, “We are excited to expand our relationship with the InnSeason organization by extending this Association loan. We are proud that HOAs such as Pollard Brook come to us for good service and guidance, and hands-on attention which some larger lenders cannot provide.”
Colebrook is one of the most prominent lenders to timeshare homeowners’ associations in the nation. Most association loan requests are too small to interest national timeshare lenders and too unusual and complex for the local bank. Raunikar says Colebrook has filled that void with a product that allows associations a vehicle to finance needed improvements.
Colebrook, with its extensive timeshare expertise and lack of bureaucracy, can underwrite requests quickly, and can close loans with minimal legal expense.
If you want to discuss your situation and see whether a loan might be the best course for you, call 860-344-9396 and ask for Bill, Mark Raunikar, or Tom Petrisko.
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal. For a complete list of product offerings and information on Colebrook and its principals, visit www.colebrookfinancial.com
Contact:
Bill Ryczek, 860-344-9396
Media:
Georgi Bohrod, RRP
760-803-4522
Colebrook Financial Lends to Mexican and Caribbean Resorts (April 2022)
Middletown, CT (April 2022) – Colebrook Financial, a leading lender to the timeshare industry, has been lending to Mexican and Caribbean developers for nearly 20 years. Because of limited availability, most developers in those markets have learned to live without financing. They have a business model in which they generate enough money from cash sales and down payments to pay sales and marketing expenses, and if they offer financing, it’s usually on a short-term basis.
Bill Ryczek, Colebrook Financial Company
There are times, however, when those developers want to monetize a portfolio for an acquisition or other purposes or believe that the ability to offer financing would increase their sales. In those instances, Colebrook has stepped up to provide a loan or purchase facility.
“There are challenges to financing foreign portfolios,” said Colebrook’s Bill Ryczek. “Laws are different, customs are different, and documentation is different. We finance U.S. and Canadian buyers in U.S. dollars, and as a non-bank, we aren’t subject to the strict regulation that prevents institutional lenders from operating in off-shore resorts.”
“With a more personal approach,” Ryczek says, “Colebrook has been able to provide both loan purchase and hypothecation facilities that provide developers with cash flow for sales, marketing, and capital improvements. We believe we have the ability to assess risk and, while our transactions are fully-documented, we try to accommodate the local legal and business environment.”
As perhaps the most creative lender in the timeshare industry, Colebrook can often find ways to accommodate situations that other lenders cannot. “If it’s a sound operation, we can usually find a deal in there somewhere,” said Ryczek, “and provide the developer with some liquidity.”
If you’d like to talk about financing, call 860-344-9396 and ask for Bill, Mark Raunikar, or Tom Petrisko.
Contact:
Bill Ryczek, 860-344-9396
Media:
Georgi Bohrod, RRP
760-803-4522
Look Inside the Fascinating Mind of a Lender (March 2022) Middletown, CT (March 2022) – Colebrook Financial Company, a leading lender to the timeshare and vacation club industries, announces the availability of a new, online webinar offering insights into the criteria Colebrook uses to evaluate hypothecation loan requests. The webinar may be viewed here. Colebrook partners Bill Ryczek and Mark Raunikar talk about concepts that will help developers applying for timeshare or vacation club funding understand what goes into the decision process and how their process might differ from that of large financial institutions. “We’ve been lending to resort developers for a long time,” says Ryczek. “I can pretty much tell within a few minutes of conversation whether we have a deal or not. Our experience helps us understand what it takes to make a successful project.” The webinar lays out what developers need to know when approaching a lender. Specifically, it explains the way Colebrook approaches a loan request and how they work closely with small and large developers with varying needs. Mark pointed out that it’s far more important to emphasize the mitigation of risk rather than the potential for large profits. Colebrook is a pioneer in many forms of financing and is always one of the first to comprehend the latest iteration of the timeshare industry, adapting much more quickly than larger organizations. Colebrook principal Bill Ryczek started in 1979, Mark Raunikar in 1988, and Tom Petrisko (who was on special assignment and does not appear in the webinar) in 1998. To view the video click here. Contact: Media: Middletown, CT (February 2022) – Colebrook Financial Company, a leading lender to the timeshare and vacation club industries, announced that Zealandia Holding Company has engaged their services for three loans in the past three months. Two of the loans were made to HOAs. The first was for the Atlantic Beach Resort II (Atlantic Beach, NC). Atlantic Beach, located on the “Crystal Coast,” is one of the oldest resort towns along the Bogue Banks of North Carolina’s Coast. The second HOA loan was made to LaTour Hotels and Resorts (Zealandia’s resort management company) which in turn loaned the proceeds to the HOA of Coconut Palms (New Smyrna Beach, FL). The third agreement was for a bridge mortgage loan for Festiva Orlando Resort (Kissimmee, FL), which has been partially re-purposed from timeshare to apartments. Zealandia Holding Company, Inc., (Asheville, NC) is a diversified company that provides services to timeshare owners and homeowners’ associations through its family of subsidiaries dedicated to focusing on specific aspects of the hospitality and vacation ownership industry, including member services, financing, collections, sailing vacations, and property management. The company is no longer in active timeshare sales and focuses on owner services and re-purposing its projects to their highest and best uses. “When the Zealandia organization stopped making timeshare sales, it looked as though Colebrook’s relationship with the company might come to an end,” said Colebrook’s Bill Ryczek, “but over the past year, activity has been as strong as ever.” Colebrook’s extensive knowledge of the resort industry and their flexibility enables them to provide financing that very few lenders offer, and they’ve worked with Zealandia’s management to assist them with their various initiatives. Working with Butch Patrick, CEO, President & Co-Founder of Zealandia Holding Company, Inc. since 2003, Bill Ryczek, principal of Colebrook, said, “We’ve done business with Butch and his companies for many years; it has been interesting and rewarding to see him build an organization and adapt it to changing circumstances. We’re delighted to have this opportunity to work with them once more.” “It’s rare,” said Patrick, “to find a lender that is proactive, foresees potential issues and works to resolve them in advance. Bill and I have known each other for almost 25 years and our companies have both adapted to changing circumstances; it’s great to know that Colebrook understands our business and how it is evolving.” Colebrook is a pioneer in many forms of financing and is always one of the first to comprehend the latest iteration of the timeshare industry, adapting much more quickly than larger organizations. Yet they’re big enough to consummate transactions of $30 million or more. And few competitors can match their longevity in the industry. Colebrook principal Bill Ryczek started in 1979, Mark Raunikar in 1988, and Tom Petrisko in 1998. Long experience in a field can be inhibiting if one is locked into the old way of doing things, but it’s a tremendous advantage when used to better understand the current situation. That’s what the Colebrook principals strive to do. About Colebrook Financial Company About Zealandia Contact: Media: Middletown, CT (September 20, 2021) -Colebrook Financial Company, a leading lender to the timeshare and vacation club industries, closed a $12 million hypothecation loan for InnSeason Resorts, a brand that focuses on the true “Northeast Experience.” InnSeason has 50,000 members and six quality resorts in highly sought-after locations under their brand umbrella. This fall, their award winning Riverwalk Resort will begin Phase II. The east coast company also acquires inventory in key vacation destinations to meet member travel demands. Award Winning RiverWalk Resort at Loon Mountain (Lincoln, NH) Dennis Ducharme, President and COO, and his partner Billy Curran, CEO, came together to form the InnSeason brand in the early 2000s. Both had been developing properties for at least two decades prior to creating the InnSeason brand. According to Billy Curran, the company is distinctive in that 99% of their members come from the region. Ducharme shared the reasoning behind working with Colebrook. “Everyone is excited about working with Colebrook. In the timeshare business, relationships are extremely important. Over the years we’ve come to know the principals, even when we were working with another lender. As a midsize regional developer our portfolio could easily be lost with a large institution. With Colebrook we are assured to receive hands on service, good guidance and the attention we deserve.” Shaun O’Neill, President of Concord Servicing, which handles portfolio management for InnSeason, says that Colebrook is unparalleled in providing lending to the timeshare industry. “InnSeason will be in expert hands working with them.” L-to-R: Billy Curran, CEO and Dennis Ducharme, President and COO Mark Raunikar, Principal at Colebrook, is proud of the relationships Colebrook maintains with developers, financial service providers and bankers to ensure smooth transactions, even in non-traditional settings. He said “Whether it’s a points-based club, a vacation club or fixed weeks residing in trust, we are known for our innovative approach, structuring deals which make sense for everyone. We are particularly looking forward to working with InnSeason as we know this region and regard them highly. Our relationship with Concord dates to its formation in 1988 and it has consistently provided excellent portfolio servicing and custodial services for Colebrook. The experience and professionalism of the InnSeason and Concord teams were instrumental in closing this transaction that incorporated multiple resorts and vacation products.” About Colebrook Financial Company Contact: Media: Middletown, CT; July 12 2021 – Colebrook Financial Company, a leading lender to the timeshare and travel club industries, has provided a $5 Million line of credit for travel club receivables to StaySaver Vacations. StaySaver offers members affordable and flexible travel through an online booking experience for everything from condo vacations to cruises. Bill Ryczek, Principal at Colebrook Bill Ryczek, Principal of Colebrook Financial said: “”We’ve known some of the StaySaver principals for many years. They’ve assembled a formidable team, are growing quickly and we look forward to a long, rewarding relationship.” Colebrook is a pioneer in many forms of financing and began working with club products before most lenders. Few competitors can match their longevity in the industry. They enjoy a reputation for adapting to new situations more quickly than larger institutions. Headquartered in Las Vegas, StaySaver has a reputation for delivering outstanding vacations through its powerful online reservation portal. The Travel Club also has sales offices in Miami and Virginia Beach. In business for just over a year, the company has a team of seasoned travel professionals at the helm, including Larry Biondi, Kevin Sheehan, Jose Hernandez, and Anthony Polvino. Larry Biondi of StaySaver said “Colebrook Financial has been way ahead of the curve when it comes to financing travel clubs. The present climate is excellent for consumers who want travel flexibility at a reasonable price point. We are pleased that Colebrook is forward thinking and supports our business model.” About Colebrook Financial Company Contact: Media: Middletown, CT; July 6 2021 – Colebrook Financial Company, a leading lender to the timeshare and travel club industries has renewed a $15 Million hypothecation line of credit for Starpoint Resort Group’s Sapphire Resorts Club timeshare membership product. In addition, Colebrook provided a $1.1 million bridge loan for a building in Branson, MO to be used as a sales center. Starpoint Resorts which opened its doors in 2000, was one of Colebrook’s first clients, forming a relationship with them in 2003. Starpoint’s parent company (BQ Resorts) is owned by its founder, Mike Muldoon and TZP Group (A NY Based Private Equity Firm with more than 3B in AUM. As one of the largest privately owned timeshare companies in the country, BQ Resorts fully integrates all services including consumer financing, product, resort management through its management company (GetAways Resorts Management) and sales and marketing. Currently the Sales and Marketing arm generates more than 10,000 new members a year. On-site sales are generated primarily at Starpoint’s resorts in Las Vegas and Sedona, with additional sales activity at its off-site sales offices in Orlando and the newly opened Branson location. Mark Rauniker, Principal at Colebrook Mark Raunikar, Principal at Colebrook, counts Mike Muldoon, Chairman/CEO and Founder of Starpoint, as one of their first clients. Mike was one of a handful of respondents to an introductory mass mailing announcing Colebrook’s entrance into the market and describing its products. Today, Starpoint’s Sapphire Resorts counts 45,000 members; GetAways Resort Management additionally manages 30 resorts providing vacation services for more than 100,000 members. “It has been rewarding to see the success Mike has achieved over the last 19 years, building Starpoint from a small marketing and sales company to a highly scaled developer, and maturing GetAways Resorts Management as a national resort management company providing full service management, sales and rental solutions at its resorts located across the country.” Raunikar said. “We are pleased to expand our relationship with Mike and the Starpoint group of companies by financing the purchase of a sales center in Branson, MO, which will be a new market for its Sapphire Resorts product.” Colebrook is a pioneer in many forms of financing and began working with club products before most lenders. Few competitors can match their longevity in the industry. They enjoy a reputation for adapting to new situations more quickly than larger institutions. Muldoon adds that “It’s important to recognize this relationship which has withstood the test of time and we’ve been pleased to grow with them. The partners at Colebrook have a clear understanding of the timeshare space. They are creative and have the ability to move quickly which is important in an industry where timing is everything.” About Colebrook Financial Company About Starpoint Resort Group Contact: Media: Middletown, CT; June 3 2021 – Colebrook Financial Company, a leading lender to the timeshare and travel club industries, has extended an existing loan facility to Festiva Development Group, a subsidiary of Zealandia Holding Company. Proceeds of the loan will be used for renovations at Festiva Orlando Resort, a portion of which is being re-purposed from timeshare to apartments. Butch Patrick, CEO, President & Co-Founder of Zealandia Holding Company, Inc. According to Bill Ryczek, Principal of Colebrook, “The collateral for this loan is an assignment of management contracts, a loan type that very few other lenders offer. Colebrook tries to look ahead and determine where the timeshare industry is going and structure products that meet emerging needs. We’ve made loans secured by management contracts and we’ve made loans for re-purposing projects. Every re-purposing situation is unique, and we evaluate each on an individual basis. There’s no standard formula for a re-purposing loan.” Zealandia Holding Company, Inc., (Asheville, NC) is a diversified company that has continuously expanded its offerings to timeshare owners and homeowners’ associations through its family of subsidiaries dedicated to focusing on specific aspects of the hospitality and vacation ownership industry such as sales and marketing, member services, financing, collections, sailing vacations and property management. In addition to Festiva Resorts, Zealandia is also the holding company for CRM, Festiva Real Estate Holdings, Festiva Sailing Vacations, LaTour Hotels and Resorts and RTX-Resort Travel and Xchange. Ryczek, who has worked with Butch Patrick, CEO, President & Co-Founder of Zealandia Holding Company, Inc. for more than 20 years said, “Festiva is a long term client and we’ve had an excellent relationship with them. Like us, they spend a lot of time and thought strategizing and planning their course of action. We’re pleased to be able to assist them in this endeavor.” Festiva Resorts Orlando resort, which recently re-opened, features spacious 1-, 2- and 3-bedroom accommodations which make them a perfect candidate for repurposing from timeshares to apartments. The company is also involved in other re-purposing efforts with timeshares under their umbrella. Butch Patrick said “We appreciate our long-term relationship with Colebrook Financial Company. They understand the changing nature of our business and continue to support our creative approach to membership.” Contact: Media: Middletown, CT; May 12 2021 – Latitude Vacation Club has entered into an agreement with Colebrook Financial Company, a leading lender to the timeshare and travel club industries to provide a receivable loan. Latitude Vacation Club’s home resort, Ancora Cap Cana Marina Resort & Villas is inside Cap Cana, a gated community of 33,000 acres—twice the size of Manhattan– located 10 minutes from Punta Cana’s International Airport. This is a first time development for Cecil Latta, well known for his sales and marketing successes at Westgate Resorts, Tempus Resorts, and El Cid Vacations Club in Mexico. As CEO and Founder of Latitude Vacation Club, headquartered in Celebration, FL, Latta is focused on offering 20 year memberships in Latitude Vacation Club+ featuring Ancora Cap Cana Marina Resort and Villas. In addition to some the best Bill Fishing in the world, Latitude Vacation Club+ members may enjoy one of the Dominican Republic’s most famous attractions, Scape Park, as well as Punta Espada a Jack Nicklaus signature golf course rated number 1 in Mexico and the Caribbean since 2011, an equestrian center called Los Establos with FIFA certified soccer (football) fields. Bill Ryczek, Principal of Colebrook Financial said: “We’ve worked with Cecil Latta on other projects and are delighted to finance his new offering in the Dominican Republic. He’s been known for years as one of the top sales and marketers in the timeshare industry, and we’re glad to see him developing his own project for the first time. We think there’s some real opportunity for growth, and thus far sales have been terrific, despite current travel conditions. Once travel opens up, we expect excellent results.” Latitude and Cecil Latta have had a working relationship with Colebrook Financial Company’s Bill Ryczek and Tom Petrisko for years. Latta says, “Getting to know them, their personal and professional integrity made working with them a simple choice. What about Colebrook is outstanding? Even during the most challenging of times Colebrook has stuck to their lending plans when many others decided not to.” Colebrook is a pioneer in many forms of financing and began working with club products before most lenders. Few competitors can match their longevity in the industry. They enjoy a reputation for adapting to new situations more quickly than larger institutions. Contact: Media: Middletown, CT; February 15 2021 – Colebrook Financial Company, a leading lender to the timeshare and travel club industries, announced that FantaSea Resorts has renewed its $16 Million Hypothecation Loan for Flagship Resort (Atlantic City, NJ). Colebrook is a pioneer in many forms of financing and began working with club products before most lenders. Few competitors can match their longevity in the industry. They enjoy a reputation for adapting to new situations more quickly than larger institutions. Colebrook’s long-term relationship with FantaSea dates back to 2009, with a small loan purchase facility and has grown over the years. Bill Ryczek, Principal of Colebrook Financial said: “The FantaSea Resorts organization has been a leading player in the Atlantic City market for many years and we’re delighted to extend our relationship with them. Roxanne Passarella and Kevin Jones have navigated the company through some treacherous waters over the past year, which is a tribute to their ability to adapt to changing circumstances. Flagship Resort, a luxurious 32-story resort, stands at the beginning of Atlantic City’s historic Boardwalk. This family-friendly retreat offers a charming mix of amenities and activities unique to the Atlantic City landscape yet sits just far enough away from the crowds. FantaSea also operates Atlantic Palace and LaSammana Resort, the latter located across the inlet in Brigantine, New Jersey. With 45,000 vacation owners and growing, FantaSea Resorts, founded in 1991, provides vacation ownership products and services in the Northeast. As an ESOP (Employee Stock Ownership Plan) FantaSea is one of the largest privately owned hospitality companies in Atlantic City. “One thing we really like about Colebrook,” said Roxanne Passarella, Co-CEO of FantaSea, is that they are small enough to provide excellent customer service, and yet large enough to handle deals of all sizes. We’ve worked with them for more than a decade and have confidence that we will continue to do so moving forward.” Contact: Media: Middletown, CT; February 9 2021 – Melinda Smith Miramant, CFO/Colebrook Financial Company has been named Partner. She joined the leading lender to the timeshare and travel club industries in January 2020 and became its third new hire since Colebrook started business in 2003. Before becoming a member of the Colebrook team, Melinda was a Senior Manager for its independent accounting firm. After managing the Colebrook relationship for five years, she brought her expertise in accounting in-house, along with her highly respected work ethic and interpersonal skills. “In the year that Melinda has been with Colebrook, she’s shown us that she’s accurate, quick, insightful, and possesses that requirement of every Colebrook partner, a great sense of humor. We’re looking forward to being able to travel freely once more and get her out to meet our customers and become more familiar with our industry,” said Bill Ryczek, Principal of Colebrook Financial. Colebrook is a pioneer in many forms of financing and began working with club products before most lenders. It is known for maintaining long-term professional relationships with clients, banking institutions, and team members. Few competitors can match their longevity in the industry. Melinda, a graduate of the University of Rhode Island, is a native of Middletown, CT (where Colebrook Headquarters are located). She became familiar with Colebrook while at Mahoney and Sabol, a mid-size accounting firm which she enjoyed because it allowed her to have a greater impact on the company and its clients than her previous position with PricewaterhouseCoopers allowed. She succeeded now-retired Jim Bishop in his role as CFO, transitioning to her new Partnership position over the past year. She said, “I knew I was fortunate to be given the opportunity to join Colebrook. It didn’t take me long to understand just how fortunate. I quickly realized that flexibility, experience, and dedication to service was just the start of what Colebrook has to offer. Integrity, loyalty, and a strong work ethic is integral in everything we do. This is a company I am proud to be a part of.” Melinda lives in Cheshire, Connecticut with her husband Jay, the principal of Brookside School in New Britain, and their two daughters, Grace, and Avery. Contact: Media: Middletown, CT; January 2021 – Colebrook Financial Company, a leading lender to the timeshare and travel club industries, announced a $12 Million Hypothecation Loan has been made to Festiva Resorts, a subsidiary of Zealandia Holding Company. Working with Butch Patrick, CEO, President & Co-Founder of Zealandia Holding Company, Inc. since 2003, Bill Ryczek, principal of Colebrook said “We’ve done business with Butch Patrick and his companies for many years; it has been interesting and rewarding to see him build an organization and adapt it to changing circumstances. We’re delighted to have this opportunity to work with them once more.” Zealandia Holding Company, Inc., (Asheville, NC) is a diversified company that has continuously expanded its offerings to timeshare owners and homeowners’ associations through its family of subsidiaries dedicated to focusing on specific aspects of the hospitality and vacation ownership industry such as sales and marketing, member services, financing, collections, sailing vacations and property management. In addition to Festiva Resorts Zealandia is also the holding company for CRM, Festiva Real Estate Holdings, Festiva Sailing Vacations, LaTour Hotels and Resorts and RTX-Resort Travel and Xchange. Festiva Resorts is one of the most successful privately held vacation ownership companies in the country, with a focus on providing diverse vacation opportunities to members of the Festiva Adventure Club. Through this innovative points-based membership program, and a partnership with Resort Travel & Xchange (RTX), the Festiva Adventure Club allows its members to travel to countless destinations throughout the U.S. and abroad. Butch Patrick said “our long-term relationship with Colebrook Financial continues to grow. Our creative approach to membership-based timeshares and travel clubs positions us well as the travel industry evolves to accommodate the needs of today’s vacationer. Colebrook is our go-to lender as we continue to offer travel products that reflect the times.” Colebrook is a pioneer in many forms of financing and began working with club products before most lenders. Few competitors can match their longevity in the industry. Colebrook principal Bill Ryczek started in 1979. Mark Raunikar joined the organization in 1988 and Tom Petrisko in 1998. They have developed a reputation for adapting to new situations more quickly than larger institutions. Contact: Media: Middletown, CT; January 2021 – Colebrook Financial Company, a leading lender to the timeshare and travel club industries, has announced it has renewed a $12 million line of credit to finance sales at Breckenridge Grand Vacations’ (BGV) Grand Timber Lodge. Created in 1984, Breckenridge Grand Vacations (BGV) was built by brothers Mike and Rob Millisor and friend Mike Dudick upon the belief that the success of their company would be determined by the positive impact it had on their owners and guests, employees, and the community. The developers of the company also embraced the concept that BGV would be the best in sales if they were first and foremost the best in customer service. BGV now creates Grand vacations for over 21,000 owners. The recent renewal emphasizes the value Colebrook Financial Company places on long term relationships. Breckenridge Grand Vacations has been a customer since 2009. “The BGV organization has built some of the finest resorts in the West, and we are pleased to have worked with them for more than 10 years. We look forward to many more years of doing business together,” said Bill Ryczek, Principal of Colebrook. “We are proud of the fact that we don’t lose customers. The only time they leave us is if they’re acquired. We have great customer loyalty,” continued Bill. Blake Davis, CFO of Breckenridge Grand Vacations concurs: “We enjoy the personal approach Bill (Ryczek), Mark (Raunikar) and Tom (Petrisko) embrace in their customer relations. Even though we’ve been working with them for a decade, they still use their experience to find creative solutions relevant to today’s business environment.” Colebrook is a pioneer in many forms of financing. They began financing club products before most lenders. Few competitors can match their longevity in the industry. Bill Ryczek started in 1979, Mark Raunikar in 1988 and Tom Petrisko in 1998. Yet, this experienced and nimble management team adapts to new situations more quickly than larger institutions. Contact: Media: Middletown, CT; November 2020 – Colebrook Financial Company announces they have renewed a receivable line of credit with River Run Company, which operates two timeshare resorts – the Eastern Slope Inn and Attitash Mountain Village – in the resort community in North Conway, New Hampshire. “Joe Berry is a legend in New England timeshare circles,” said Bill Ryczek of Colebrook. “We’ve been doing business with Joe and River Run for 11 years and look forward to continuing the relationship for many more years.” “We’ve had nothing but good experiences with Colebrook,” comments Joe Berry. “If we ever needed to speak with them about anything, we can always get a principal on the phone right away. You don’t have to go through a phone tree or gatekeeper. Their continuing support has been invaluable as we were able to build new inventory at the Eastern Slope Inn and at our Attitash Mountain Village properties.” About River Run Company For more than 30 years, River Run Company, Inc. has been serving the commercial development needs of the Mount Washington Valley in New Hampshire. River Run Co. also develops and manages timeshare and whole ownership vacation properties including the Eastern Slope Inn Resort, located in North Conway, New Hampshire, and condominiums in Attitash Mountain Village. River Run Company’s residential and commercial land development initiatives division is involved in premier projects, including master-planned communities and commercial interests. About Colebrook Financial Company Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for small and mid-sized developers in the US, Mexico and the Caribbean. For further information call Bill Ryczek at 860-344-9396. Orlando, FL; October 2020 – Vacation Club Loans, LLC, a consumer financing company exclusively designed around vacation club resales, and specializing in Disney Vacation Club, secured additional financing from industry lender Colebrook Financial Company. Colebrook has extended the credit line available to Vacation Club Loans from $15,000,000 to $25,000,000. The increased funds are expected to have an immediate positive impact on the resale market nationwide. Vacation Club Loans also provides direct DVC purchase financing and re-financing DVC at a lower interest rate saving families thousands. Debbie Ely, RRP, president of Vacation Club Loans says: “Many of us in the vacation ownership industry were very concerned how the pandemic would impact us and our business volume. Surprisingly, it gave consumers, especially those seeking DVC ownership, an opportunity to find time to shop online; compounded with the need to having a vacation to look forward to, and the magic of Disney, the demand for our timeshare resale financing doubled this year.” In response to the pandemic, Vacation Club Loans lowered down payment requirements and lowered interest rates to help consumers save cash both short term and long term. This was well received by buyers and helped many sellers move their vacation club points faster. “Vacation Club Loans has been a shining star during a very difficult economic period,” said Colebrook Financial principal Bill Ryczek. “While many businesses are struggling to survive, it has prospered and has constituted a growing portion of our volume. We’re delighted to increase the company’s funding availability and play a role in their success.” Over the past five years, Vacation Club Loans has seen a steady increase in contract pricing over this same period; the average loan balance has steadily increased by approximately 12% each year. About Vacation Club Loans, LLC Serving the United States and Canada to those who wish to purchase vacation ownership points. Its easy loan approval process and flexible payment plans for up to seven years have made it a pioneer lender in timeshare resales across all brands. For further information visit www.vacationclubloans.com About Colebrook Financial Company Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for small and mid-sized developers in the US, Mexico and the Caribbean. For further information call Bill Ryczek at 860-344-9396. Middletown, CT; February 2020 – Colebrook Financial Company, a nationwide lender well-known within the vacation ownership resort industry, announces a new financing arrangement with Global Exchange Development Corporation, developers of Global Exchange Vacation Club (GEVC), based in Southern California. Global, which has sales offices in California and Texas, has been a client of Colebrook since 2009, financing over $90 million in receivables since that time. In their most recent transaction, Colebrook established a fixed rate tranche in an existing facility and expanded the availability in the variable rate tranche. This process has been done for several years, enabling Global to lock in the spread on its receivable portfolio. “The move into Texas has been great for Global,” said Colebrook’s Bill Ryczek, “and we’re happy to be able to accommodate their increased sales volume.” “We appreciate our long-term relationship with Colebrook,” said Rick Sargent, President and CEO of Global. “Bill and the Colebrook team have been very much a partner in supporting our growth. “These fixed rate tranches are like mini-securitizations,” Sargent said. “We fix the rate and receive the cash flow once the debt is repaid. This process has certainly aided us in expanding our footprint, which now includes two sales offices in California and three in Texas. We anticipate sales will top $40,000,000 in 2020.” Middletown, CT; January 2020 – Colebrook Financial Company, a nationwide lender well-known within the vacation ownership resort industry, recently announced the addition to their team of Melinda Smith Miramant as Chief Financial Officer. After earning a degree in accounting from the University of Rhode Island, Miramant earned her stripes at PricewaterhouseCoopers before joining an independent accounting firm located near Colebrook’s headquarters in Middletown, CT, where she eventually became Senior Manager. Miramant explains her preference for working with the independent, more personalized firm of Mahoney and Sabol after her time spent at PwC. “I got much more involved with our clients,” she said. “They needed help in many areas and needed our solutions. I spend a lot of time with the CFOs and the bookkeepers and we provide service, not just financial statements and tax returns.” One of her clients was Colebrook Financial Company, which has become one of the major lenders in the timeshare/vacation ownership since its inception in 1993. She wasn’t looking for a job when Colebrook approached her, but eventually accepted their offer. “I know the group, I’ve seen the great office atmosphere, and I’m looking forward to learning something new,” she said. “We’re confident that Melinda’s accounting knowledge, work ethic, and interpersonal skills make her an excellent fit for the company,” says Colebrook Partner Bill Ryczek. Middletown, CT; May 2019 – At 9:54 a.m. on May 1, Colebrook Financial funded the billionth dollar they have loaned since starting the company. “The first month we were in business,” said principal Bill Ryczek, “we funded a grand total of $181,000. At that rate, it would have taken us 460 years to reach a billion. None of us thought we had the longevity for that, so we picked up the pace.” Global Exchange Development Company was the borrower of the billionth dollar, and Ryczek and fellow principal Mark Raunikar took Global CEO Rick Sargent to dinner at the Aria casino in Las Vegas to commemorate the occasion. Colebrook wants to express its gratitude to Global Exchange and all of its loyal customers and looks forward to serving them for many years to come. Orlando, FL; July 2018 – Vacation Club Loans, a consumer financing company exclusively designed around timeshare resales, secured additional financing from industry lender Colebrook Financial Company. Colebrook has extended the credit line available to Vacation Club Loans from $3,000,000 to $6,000,000. The increased funds are expected to have an immediate positive impact on the resale market nationwide. Bill Ryczek, Colebrook Financial states, “When we started doing business with Vacation Club Loans, the size of the market was somewhat of an unknown, so we started small. Not only has the volume been higher than we anticipated, the performance of the receivables has been truly outstanding. We’re happy to increase our facility, and hope we have to do it again soon.” Over the past three years, Vacation Club Loans has completed almost 500 loans and has seen a steady increase in contract pricing over this same period. Loan amounts have steadily increased approximately 12% year over year. Furthermore, the number of loans pending to close has doubled this year over the previous two years as more and more resale brokers are enjoying the benefits of having financing finally available. These statistics, compounded with the portfolio’s excellent performance, has required the company to double its line with Colebrook from $3 MIL to $6 MIL to accommodate the market’s buyers. Debbie Ely, RRP, president of Vacation Club Loans says: “The timeshare industry’s resale market is under-valued. By providing easy financing to secondary market buyers we can increase the value of timeshares purchased this way. We’re extremely lucky to have Colebrook Financial here to support us. Now licensed timeshare resale brokers can have immediate payment estimators and calculators at their fingertips to show potential buyers how affordable timeshares are, making us a valuable partner. My biggest accomplishment this year is seeing more brands needing resale financing. Our first year was mostly Disney Vacation Club, now we have a portfolio of a variety of resorts and they all are performing equally great.” Vacation Club Loans is a consumer finance company that provides loans to those who wish to purchase a timeshare product on the resale market. Its easy loan approval process, low interest rates, and flexible payment plans have made Vacation Club Loans a pioneer lender in timeshare resales. For further information, please visit www.vacationclubloans.com Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for small and mid-sized developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396 or visit ColebrookFinancial.com. Middletown, CT; May 2018 – Colebrook Financial Company, an independently managed lending institution specializing in providing financing to vacation ownership, or timeshare, resort companies, announced the closing of a new financing facility to developers of a luxury resort in Barbados. The Ocean Two Resort & Residences offers polished quarters in an upmarket resort location with beachfront dining, an outdoor pool, and rooftop bar. Developed by the owners of Chickmont Foods. Ltd., the largest producer of chicken, turkey and egg products in Barbados, Ocean Two has been awarded many prestigious awards, such as Trip Advisor’s Certificate of Excellence consistently since 2011 and Barbados’ Large Hotel of the Year award. The resort is a mixed use property, dedicating specific units to timeshare, separate from the hotel rooms. “Ocean Two is a first-class resort and the developers, Peter and Dominic De Freitas, are part of a family that is very well-regarded on Barbados,” says Colebrook Principal Bill Ryczek. “We met the family through Craig Bosio, whom we’d worked with previously in the Caribbean and who is handling the sales at Ocean Two. There’s plenty of room for expansion of the timeshare program and we look forward to being part of the growth.” “It has been a pleasure getting to know the principals of Colebrook Financial Company,” says Dominic De Freitas. “Along with Colebrook’s other senior executives, Bill Ryczek has been very accessible and helpful in providing reasonable terms. He has been patient in facilitating all aspects of the approval, commitment, and closing processes. We look forward to expanding our timeshare business along with their participation. This could be the beginning of something much bigger that will bring great economic value to our company and to Barbados.” Ocean Two Resort & Residences is part of the Ocean Hotels group, a family owned company located on the south coast of Barbados. Ocean Two Resort & Residences offers affordable luxury in one of the world’s most beautiful islands: Barbados. Ocean Two has been awarded many prestigious awards since opening, such as Trip Advisor’s Certificate of Excellence consistently since 2011 and Barbados’ Large Hotel of the year award. The group boasts two other unique four-star properties: Sea Breeze Beach Hotel, an all-inclusive property on Maxwell Coast Road; and South Beach Hotel, a chic boutique hotel in Rockley Beach.” Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for small and mid-sized developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396 or visit ColebrookFinancial.com. Sharon Drechsler-Scott, RRP Middletown, CT; February 2018 – Timeshare development/vacation ownership specialty lender Colebrook Financial Company’s Bill Ryczek announced Colebrook Financial is now offering receivable financing for companies selling the Save On Resorts (SOR) travel club product. “We’ve been following SOR’s product for several years,” Ryczek said. “Many of our timeshare developers sell it as an exit product. They’ve had excellent success and no issues with fulfillment.” Ryczek says that financing terms are very competitive for sellers who have historically had a solid track record and the ability to generate quality receivables. Interested parties should call Bill Ryczek at 860-344-99396 or contact him by email at bryczek@colebrookfinancial.com. Jeff Zotara, Chief Marketing Officer of Save On Travel, says, “We think our resort partners will be able to increase sales of their exit programs by being able to offer buyers financing with attractive terms. SOR is very careful to only work with reliable, well-established resorts with good reputations for fulfillment and excellent service. Our club members are therefore consistent in making their payments and using the product.” Vasey and Allen are profiled in the article, “Vacation Ownership Sales and Vacation Internationale; Hitting on all Cylinders, ” which appeared in the Spring 2014 edition of the Colebrook Chronicle. In the fall edition that year, the Chronicle included Allen in a panel discussing acquisition strategies. In the Winter 2013 issue, there was a story about the lending relationship between the two companies. Visit www.colebrookfinancial.com/newsletters for further information. Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for small and mid-sized developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396. SaveOnResorts.com works with private vacation clubs, corporations, and top resorts to ensure their members enjoy travel options that fit their lifestyle, expectation, and budget. We provide innovative premiums and supportive online user experiences to make choices easier and incentivize return use. We do this by partnering with suppliers and vendors in the travel industry, as well as vacation ownership groups, to develop attractive travel options available through a customized online experience. Your members will benefit from exclusive wholesale travel pricing on products such as hotels, resorts, cruises, cars, activities, and more. Desirable destinations combined with a variety of rewards programs will inspire member retention and engagement. For more information, contact Jeff Zotara, Mobile: 760.855.8858; jzotara@sortechnology.com. Sharon Drechsler-Scott, RRP Middletown, CT; November 2017 – Timeshare development/vacation ownership specialty lender Colebrook Financial Company announced they recently provided additional funding for their long-time client, Vacation Ownership Sales, Inc. (VOS), which performs management, sales and marketing services for Vacation Internationale. Headquartered in Bellevue, Washington, Vacation Internationale is the oldest points-based multi-site vacation club in North America. “We’ve been doing business with Mike Vasey and Stu Allen for a dozen years,” says Colebrook Principal Bill Ryczek. “They have a fairly complex business, and in the past we’ve been able to help them out with some fairly creative financing on their Mexican projects,” says Ryczek. “I’ve worked with the Vacation Internationale organization since 1988, and it’s the oldest and one of the best run clubs in the vacation ownership industry.” Vacation Ownership Sales Co-president Mike Vasey says, “Since we began working with Colebrook in 2005, they have proven themselves to be loyal and supportive partners and have been a big contributing factor to our economic sustainability and growth.” Vasey and Allen are profiled in the article, “Vacation Ownership Sales and Vacation Internationale; Hitting on all Cylinders, ” which appeared in the Spring 2014 edition of the Colebrook Chronicle. In the fall edition that year, the Chronicle included Allen in a panel discussing acquisition strategies. In the Winter 2013 issue, there was a story about the lending relationship between the two companies. Visit www.colebrookfinancial.com/newsletters for further information. Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for small and mid-sized developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396. Vacation Ownership Sales, Inc. provides management, marketing and sales services to Vacation Internationale, the oldest points-based multi-site vacation club in North America. Based in Bellevue, Washington, VOS and VI have created a uniquely successful business model of a non-profit owner-controlled club working together with a privately held management, marketing and sales company to grow the club more than 25 percent in the past 10 years. Sharon Drechsler-Scott, RRP Middletown, CT; July 2017 – Bill Ryczek, a principal of Colebrook Financial Company, talks about the growth of his company—from a $2,683.11 initial investment in 1993 to being one of the leading lenders to the timeshare industry. In the company’s recently-issued newsletter, The Colebrook Chronicle, Ryczek discusses the origins of the company, how it transitioned from a part-time investment to a full-time venture and some of the keys that made it happen. One of the most important ingredients for any company is money, and Ryczek notes that Colebrook currently has relationships with 14 banks. He is quoted in the article as saying, “We’ve been able to maintain the confidence of our banks most of all because the results have been good. We’ve done hundreds of millions of dollars in business with our banks and none has ever lost a dime.” The Chronicle contains several articles of interest to professionals in the resort industry, including data from a Deloitte & Touche study reporting that timeshare sales experienced an uptick during the last quarter of 2016. The upswing of 6.4 percent – an increase from $1.664 to $1.771 billion – is a strong indicator of better days ahead. Another article profiles ESJ Collections, which has committed $35 million towards a purpose-built, mixed use five-star property in San Juan, Puerto Rico. The company has already broken ground and commenced construction on ESJ Verde, after having completely renovated the iconic, 40-year-old El San Juan Hotel, which offers a vacation ownership component. A third project, ESJ Noir, is in the planning stage. Colebrook’s newsletter generally contains at least one human interest story, and this issue’s offering tells how a law school graduate-cum-timeshare resort development president has somehow found the time and inner resources to encourage her six-year-old daughter’s flourishing modeling career. FantaSea Resort’s Roxanne Passarella shows how to be a strong leader both at home and in the business world. Those grappling with issues attending the processing of credit cards will find an interview of Gildersleeve Partners, LLC, CEO Larry Gildersleeve to be of interest. Colebrook tops off the eight-pager with a report on the positive performance of its timeshare portfolio. Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for small and mid-sized developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396. Sharon Drechsler-Scott, RRP Middletown, CT; January 2017 – Bill Ryczek, a principal of Colebrook Financial Company, announced his firm is celebrating fifteen years as a lending institution specializing in the timeshare industry. When they opened their doors in January 2003, Colebrook was mostly financing small developers, lending against B credit portfolios, and taking on projects that contained a little more risk than the average development. Over the next few years the company grew and began to deal with slightly larger loans and stronger developers. “Then came the Crash of 2008,” Ryczek said. That Fall, two of the largest lenders to the timeshare industry announced they would no longer finance timeshare developers. What had been a buyer’s market for money turned into a seller’s market overnight and Colebrook, with capital and experience, was able to establish relationships with some of the leading private companies in the industry. Over the next two years, the company completed the transition from boutique lender to mainstream timeshare lender offering a wide array of competitively-priced products. Financial trends are transitory, and the seller’s market for money eventually became a buyer’s market again. By that time, however, Colebrook had established its reputation as a leading timeshare lender. Old competitors have left the marketplace, a few new entrants arrived, and Colebrook is now one of the very few companies with a consistent presence over the past decade and a half. “The company’s first 15 years took us from start-up to stability.” Ryczek said. “Everybody who started the company is still here, still enthusiastic, and looking forward to seeing what the next fifteen years will bring.” About Colebrook Financial Company Media Contact for Colebrook Financial Company: Middletown, CT; December 2016 – Bill Ryczek, a principal of Colebrook Financial Company, a lending institution specializing in the timeshare industry, announced his firm will be providing new financing for a portfolio of receivables for Resort Investment Capital, a RWGroup company. RWGroup operates Resort West Vacation Club, which is headquartered in the Lake Tahoe area. The Club owns accommodations at The Ridge Tahoe, Ridge Crest, Ridge View and Ridge Point, to which it assigns nightly point values based on unit type, season and resort property. “Our team at Colebrook began our relationship with the club’s principals in 1988, while working with another institution,” says Ryczek. “They were among our earliest clients after we launched Colebrook and we have enjoyed working with them since 2003.” “We’ve been happy to rely on Bill and the Colebrook team for their responsiveness and keen business sense, ever since we first met them,” says Resort Investment Capital and Resort West Vacation Club President Lex W. Adams. “Colebrook made the process of increasing our existing loan extremely easy; there was no long, drawn-out committee approval process. We’ll be using the financing to fund an ongoing expansion and growth program.” About Colebrook Financial Company Media Contact for Colebrook Financial Company: Middletown, CT – June 2016 – Colebrook Financial Company, a lending institution specializing in the timeshare industry, announced they have funds available for financing receivables in Mexico and the Caribbean. “We’ve done a number of transactions with developers whose resorts are located outside the U.S., and who are selling a membership product to Americans,” says Colebrook Financial Principal Bill Ryczek. “Typically in the past, lenders were reluctant to provide receivables financing for products that did not have a real estate component or were located in foreign countries. We decided to step up several years ago to finance foreign projects that are well capitalized and have reputations for sound sales practices. The demographics of foreign travelers tend to be strong, which is reflected in the excellent performance we’ve seen in the receivables.” About Colebrook Financial Company Media Contact for Colebrook Financial Company: Middletown, CT – April 2016 – Colebrook Financial Company, a lending institution specializing in the timeshare industry, announced that they recently provided receivable financing for staySky® Vacation Clubs. Launched in 2014, staySky® Vacation Clubs is a points-based vacation ownership product that features four properties, each in the heart of Orlando’s thriving tourism “The staySky organization is relatively new to the timeshare scene, and we are very pleased to get in on the ground floor with the intention of growing along with them over the next several years,” said Colebrook’s Bill Ryczek. “We have a fairly complex business model, and Colebrook was able to come up with a financing proposal to accommodate our structure,” says staySky CEO John Gordon. “We’re very pleased with the relationship.” About Colebrook Financial Company About staySky Vacation Clubs Media Contact for Colebrook Financial Company: Middletown, CT; January 2016 – Colebrook Financial Company, a lending institution specializing strictly in the timeshare industry, issued their eighth edition of their newsletter The Colebrook Chronicle – providing in-depth information about the direction of the industry. Bill Ryczek and his team always manage to inject a note of humor while covering important and interesting information, theming this issue “Something Old, Something New, Something Borrowed, and Something Blue.” “In our lineup of articles,” read the Editor’s Note, “we have something old, if he will pardon the label, in industry veteran Herb Hirsch; something new, dynamic young Patton Hospitality CEO Will Horton; something borrowed as discussed in Bill Ryczek’s article on hypothecation loans; and finally, we have beautiful Blue Water Resort in Nassau.” “There are a couple of other articles that don’t fit the theme, and we utilized the old trick of getting your attention by using a photo of a beautiful actress who is only peripherally connected to the subject matter.” The photo is of Herb Hirsch, together with Bo Derek, circa 1985. To find out more, check out the January 2016 edition of The Colebrook Chronicle. About Colebrook Financial Company Media Contact for Colebrook Financial Company: Middletown, CT; October 2015 – Colebrook Financial Company, a lending institution specializing strictly in the timeshare industry, announced they had increased their line of credit for the Williamsburg, Virginia, timeshare developer King’s Creek Plantation from $10 to $13 million, including a second fixed-rate tranche. “We’ve worked with King’s Creek since 2012,” says Colebrook Principal Bill Ryczek. “I have great confidence in the management team; they’re hard-working, straightforward, and have built a superior product.” King’s Creek Plantation Executive VP/COO/CFO Joe Cantrell says, “We greatly value our relationship with Colebrook. They’ve been great partners over the past several years, and we’re looking forward to continuing what has proven to be a mutually satisfying relationship.” About Colebrook Financial Company About King’s Creek Plantation Media Contact for Colebrook Financial Company: Middletown, CT; August 2015 – Colebrook Financial Company, a prominent lender relied upon by timeshare resort companies, announced the two-year extension of a line of credit to River Run Company, located in North Conway, New Hampshire. “Colebrook became our lender in 2009 at the height of the recession after our previous lender exited the business,” says River Run Company President Joe Berry. “They placed their faith in us and we’ve had a great relationship ever since. Due in part to their continuing support we’ve been able to build new inventory at the Eastern Slope Inn and at our Attitash Mountain Village properties. I’m happy to say we are recognizing a steady rate of sales at both locations.” “Joe Berry is one of the legendary figures of the New England vacation ownership industry, and we are delighted to be a part of his continuing development of the Eastern Slope Inn and Attitash Mountain Village,” says Colebrook Financial Principal Bill Ryczek. About Colebrook Financial Company About River Run Media Contact for Colebrook Financial Company: Middletown, CT; August 2015 – Colebrook Financial Company, specializing in making loans to timeshare resort operators, says they were able to re-finance a $7.5 million loan to Festiva Resort Group, LLC, by offering a very competitive fixed rate. “We very much appreciate working with Colebrook to lock in our margins to refinance a portfolio that was associated with our earlier acquisition of the Kosmas Group International properties,” says Festiva’s President Herbert (Butch) Patrick. “Colebrook has been a solid company with which to work since 2003 when they lent us our first million.” “We’re pleased to continue to expand our lending to Festiva,” said Colebrook’s Bill Ryczek. “We’ve worked with the management team there for well over a decade, and it’s a good, comfortable relationship. One of the things I’ve always enjoyed about lending is watching customers grow and evolve, and it’s been great having a front row seat as Butch Patrick and his staff have gone from a two-man show and a marketing company to a dynamic multi-division company.” About Colebrook Financial Company About Festiva Development Group, LLC Media Contact for Colebrook Financial Company: Middletown, CT; July 2015 – Colebrook Financial Company, a provider of financing for timeshare resort developers, has set the date for its seventh annual “Timeshare Lender Education Seminar.” The event features influential professionals whose organizations focus on the timeshare industry and will be held on September 24, 2015, at the Inn at Middletown in Middletown, Connecticut. More than 50 bankers, accountants and attorneys are expected to attend the by-invitation-only event. Howard Nusbaum (pictured left), CEO of ARDA, who has spoken at each of the six prior sessions, will inform the audience of developments in the timeshare industry during the past year. Other speakers include Gold Key/PHR Hotels & Resorts Chief Investment Officer Robert “Bob” Howard, digital transaction experts eOriginal CEO Stephen Bisbee and President & CEO of Welk Resorts Jonathan P. Fredricks RRP*. “Attendees at prior events tell us our annual seminar provides an excellent introduction to the timeshare industry,” says Colebrook Financial Company Principal Bill Ryczek RRP* (pictured right). “In fact, many of our banking partners and other interested parties return year after year to get an update on the industry, as well as to network among their peers. Colebrook acts proactively to nurture banking relationships of this sort. The increased capacity enables us to structure larger financing packages on more competitive terms. Ryczek, Jim Bishop, Fred Dauch, Tom Petrisko, and Mark Raunikar from Colebrook Financial Company will officiate at the event and will be available to answer questions afterward. Any lender, attorney or accountant who is interested in attending should contact Bill at bryczek@colebrookfinancial.com for details. *Fredricks and Ryczek are registered resort professionals with the American Resort Development Association (ARDA), Washington, DC. About Colebrook Financial Company Media Contact for Colebrook Financial Company: Middletown, CT; June 2015 – Timeshare development/vacation ownership specialty lender Colebrook Financial Company announced the finalization of a loan to FantaSea Resorts for acquisition of inventory at Atlantic Palace Resort in Atlantic City, New Jersey. Colebrook finances all three of FantaSea Resorts’ Atlantic City properties—Flagship, LaSammana and Atlantic Palace. “Bruce Kaye and his companies have been the leaders in the Atlantic City timeshare market for over 20 years,” says Colebrook Financial Partner Bill Ryczek (pictured here). “We’re delighted to assist him in expanding his operation.” “The principals at Colebrook have been terrific partners for us since 2009 and were particularly supportive throughout the recent recession,” says FantaSea Resorts CEO Bruce Kaye. “They go the extra mile to make themselves available to answer questions or to help solve any problems. We look forward to continuing our relationship for many more years.” About Colebrook Financial Company About FantaSea Resorts As the largest private employer in Atlantic City and one of the largest in all of Atlantic County, we are committed to delivering a high level of personal service to each of our over 37,000 owners. We are dedicated to delivering memorable vacation experiences both in Atlantic City and throughout the world with our global exchange partners, RCI and Interval International. Media Contact for Colebrook Financial Company: Middletown, CT; May 2015 – Colebrook Financial Company, a lender specializing in the timeshare or vacation ownership industry, announced they recently closed a loan with Global Exchange Development Corporation (GEDC) in which they converted a portion of Global’s variable rate loan to a fixed rate. “The partners at Colebrook take the time to truly look at our business model and are willing to go that extra mile,” says GEDC President Rick Sargent. “They are attentive to our needs and together, we are able to make money while putting people on vacation.” “Developers like Rick are concerned about the possibility of rising interest rates,” said Colebrook’s Bill Ryczek, “and we move a portion of his loan to a fixed rate on a regular basis. Rick has a lot of exciting new marketing initiatives and we look forward to growing with him over the next several years.” About Colebrook Financial Company About Global Exchange Development Corporation (GEDC) Media Contact for Colebrook Financial Company: Middletown, CT; March 2015 – Timeshare development/vacation ownership specialty lender Colebrook Financial Company announced they recently provided financing to enable Vacation Ownership Sales, Inc. (VOS) to acquire 44 one- and two-bedroom condominium units in the Sea Village Resort at Kailua-Kona on the Big Island. The units were acquired for Vacation Internationale (VI), the oldest points-based, multi-site vacation club in North America, which was started in Hawaii in 1974. VOS has been the management and sales company for VI since 2003. The club currently has over 44,000 members and a resort network of over 40 destinations in the US, Canada, and Mexico. “We are very pleased with our long-term relationship with Colebrook and its ability to help us grow VI over the past ten years,” said Stuart Allen and Mike Vasey, owners of Vacation Ownership Sales. Allen and Vasey added that the VI owners association had targeted the inventory at the Sea Village Resort for many years as part of its economic sustainability and growth strategy. Hawaii is a much-desired destination for VI owners, and the additional inventory provides more opportunities for owners to visit the islands. About Colebrook Financial Company About Vacation Ownership Sales, Inc. Media Contact for Colebrook Financial Company: Middletown, CT; March 2015 – Timeshare development/vacation ownership specialty lender Colebrook Financial Company recently finalized an increase of an existing loan to FantaSea Resorts that includes a fixed rate tranche to finance sales at the Atlantic Palace Resort in Atlantic City, New Jersey. Colebrook Financial’s Bill Ryczek says they have had a relationship with the organization since 2009. “Bruce Kaye and his companies have been the leaders in the Atlantic City timeshare market for over 20 years,” says Ryczek. “He has continued to prosper through numerous gaming cycles, and the strength of his organization enables him to succeed even in difficult times. We’re delighted to have the opportunity to expand our relationship with an excellent customer.” “We have enjoyed working with the team at Colebrook over the years,” says FantaSea Resorts CEO Bruce Kaye. “They are always very accessible; you can always get any questions answered readily and thoughtfully. I’m looking forward to continuing our relationship for many more years.” About Colebrook Financial Company About FantaSea Resorts As the largest private employer in Atlantic City and one of the largest in all of Atlantic County, we are committed to delivering a high level of personal service to each of our over 30,000 owners. We are dedicated to delivering memorable vacation experiences both in Atlantic City and throughout the world with our global exchange partners, RCI and Interval International. Media Contact for Colebrook Financial Company: “The use of variable and limited duration offerings confirms the concept that timeshare is a vacation product and not a real estate investment,” said Ryczek. “I think we’re going to see greater use of such products, and we’ve tried to get on the cutting edge of the financing part of the equation.” About Colebrook Financial Company Media Contact for Colebrook Financial Company: Middletown, CT; January 2015 – Colebrook Financial Company, which provides receivables financing for timeshare resorts/vacation ownership companies, announced they are providing a $10 million receivable traunche, fixed-rate refinancing loan to Starpoint Resort Group, Inc. Starpoint, a subsidiary of BQ Resorts LLC, is the developer of Sapphire Resorts which is a multi-site timeshare club comprised of 21 resorts based in Las Vegas, Nevada. “We have enjoyed having a long and stable relationship with Starpoint,” says Colebrook Financial Principal Bill Ryczek. “This will be our eleventh year to provide end-loan receivables financing for them.” “Colebrook has always been a supportive and creative partner to us,” says Starpoint CEO Mike Muldoon. “Their business philosophy is similar to ours; we strive to deliver an excellent product and to exceed customer expectations. Over the years, we’ve witnessed this attitude in the professionals at Colebrook; they are always accessible and collaborative.” About Colebrook Financial Company About Starpoint Resort Group About BQ Resorts LLC Media Contact for Colebrook Financial Company: Contact for Starpoint Resort Group Inc.: “London Bridge is a mature resort with a long history of successful operations,” says Colebrook Principal Bill Ryczek. “We’re delighted to have them as a customer.” “It’s been awhile since we’ve done receivable financing, and Colebrook’s attorney was extremely helpful in walking us through the process,” says London Bridge Resort President Tom Flatley. About Colebrook Financial Company About London Bridge Resort Media Contact for Colebrook Financial Company: Middletown, CT; September 2014 – Colebrook Financial Company, which provides receivables financing for timeshare resorts/vacation ownership companies, announced they increased one of their lines of credit to Starpoint Resort Group, Inc. from $10 million to $15 million, making their total commitment $32 million. “We were able to provide increased financing for Starpoint quickly to meet the company’s schedule,” says Colebrook Financial Principal Bill Ryczek. “Mike Muldoon and his company have been customers since 2003, when he had a $3 million line. He wanted to move some paper around recently, and we moved very quickly to increase the line and get it done.” Starpoint has shown significant growth since its inception. Last year they announced the acquisition of The Geo Group of Companies which included the acquisition of numerous timeshare clubs, resorts and management contracts throughout Canada, the United States, the Caribbean and Central America. Starpoint has continued with their acquisition strategy this year and enjoys a strategic partnership with TZP Group, a New York based private equity firm. “Opportunism requires access to aggressive, creative and capable professionals,” says Muldoon, “and Colebrook has consistently displayed their creative and hard working ability to get it done. Everyone in the company, and particularly Mark Raunikar, has been extremely accessible and a pleasure to collaborate with. They always pick up the phone when you call and really make an effort to make things work for all parties.” About Colebrook Financial Company About Starpoint Resort Group Media Contact for Colebrook Financial Company: Contact for Starpoint Resort Group Inc.: Middletown, CT; July 2014 – Colebrook Financial Company, which provides financing for timeshare resort entities and has worked with Festiva Development Group since 2003, announced it is expanding the interval ownership company’s existing loan and setting up a $10 million fixed rate term loan tranche. “We very much appreciate working with Colebrook and having the opportunity to lock in our margins with fixed rate financing,” says Festiva’s President Herbert (Butch) Patrick. “Colebrook’s rate for this loan is very competitive, and their management team is extraordinarily flexible and patient. For example, I think of how they bent over backwards to assist us in financing a recent acquisition; even to the point of one of them, Tom Petrisko, flying halfway across the country to retrieve the collateral and resolve a logistical problem.” “We find working with Festiva and their management to be very rewarding,” says Colebrook Principal Bill Ryczek. “They’re a dynamic organization and it’s sometimes a challenge to keep up with them, but it’s never dull. Watching them grow from their modest beginnings to what they are today has been fascinating, and I’ve learned a tremendous amount from Butch over the years.” About Festiva Development Group, LLC About Colebrook Financial Company Media Contact for Colebrook Financial Company: Middletown, CT; June 2014 – Colebrook Financial Company, which provides financing for timeshare resort entities, announced recently they had closed a deal with a timeshare resort homeowners association (HOA) to assist in refurbishing two conjoining resorts – Alhambra at Poinciana and Alhambra Villas – near Kissimmee, Florida. The loan was facilitated by the Amber Group, Inc., which manages both properties. “The loan enabled what had been a piecemeal renovation to take place in one phase, without burdening the owners with a special assessment,” said Colebrook Financial Principal Bill Ryczek. “A key reason for us to make the loan was the fact that the projects are professionally managed by Amber, which was able to provide us with complete information on the scope and timing of the renovation project. Many older resorts (or ‘legacy’ as they are often called) are in a similar condition and contemplating renovation projects. If a project is healthy, we may be able to help them.” “The principals at Colebrook made the process pretty much wrinkle-free for us,” said Amber Group, Inc. COO Nick Gray. “We met with them in Orlando to discuss the process and there was very little red tape to go through since they understand timeshare and appreciated our business model.” Gray explained that when they began managing the resorts, the reserves had been depleted and the units were in need of extensive maintenance. “We brought the resorts back to health by refurbishing them gradually,” he added. “There came a point at which RCI would have given them Gold Crown status, but we wanted to wait until they had been completely renovated. We calculated that by borrowing the $25,000 per unit to refurbish all the units, we would be spending the same dollars, including interest, as we would by continuing to renovate them gradually over the same period of time.” About Amber Group, Inc. About Colebrook Financial Company Media Contact for Colebrook Financial Company: Middletown, CT; February 2014 – Colebrook Financial Company, providing timeshare receivable financing for timeshare resort companies, agreed to lend up to $10,000,000 to Highlands Resorts to finance re-sales at The Christie Lodge in Avon, Colorado. The Christie Lodge has been a successful timeshare in the Vail Valley for 31 years. Located within minutes of two world-class ski resorts, The Christie Lodge is in a prime location to access year-round mountain activities. “We’re thrilled to have partnered with Todd Herrick and Highlands Resorts, as their strength and success in sales is a perfect match for our experience and passion for hospitality,” says Lisa Siegert-Free, Managing Director and General Manager of The Christie Lodge. The Highlands Resorts companies, owned and operated by Todd Herrick, develop and sell vacation ownership resorts at the Sedona Pines in Sedona, Arizona, Highlands Resort at Verde Ridge in Cornville, Arizona, and the Dunes Club in Palm Springs, California. Todd Herrick is also the managing partner of The Peaks Resort in Telluride, Colorado. Colebrook has been providing financing for the Sedona Pines and Verde Ridge projects for the past four years. Highlands has immediate plans to expand further in the Southwest and Colebrook looks forward to partnering on these projects. “The Christie Lodge is a mature, well-managed property in a terrific location,” says Colebrook Partner Bill Ryczek. “Todd Herrick has been a great customer, and when he had the opportunity to enter into a relationship with the Christie Lodge, we were delighted to be a part of it. Todd operates the way we do—he’s focused, direct, and gets right to the point. We really enjoy working with him.” “We feel fortunate to have aligned with The Christie Lodge,” says Herrick, “which has a similar history of long-term employee retention, business practices and longevity in the industry, and with Colebrook, which has been a terrific lending partner for us over the years. We are one of the few developers in the United States to be developing new products at this time, and appreciate working with a finance company flexible enough to handle our growth. Plus, the partners at Colebrook are totally hands-on and available whenever we call on them.” About The Christie Lodge The Christie Lodge is a timeshare and rental resort located in Avon, Colorado. Two miles from Beaver Creek Resort and ten miles from Vail Mountain, The Christie Lodge is centrally located to two world-class mountain resorts. A long-time associate of the RCI Weeks program, more recently The Christie Lodge has affiliated with RCI Points Platinum to add additional value and flexibility to their owners. About Colebrook Financial Company Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for small and mid-sized developers in the US, Mexico, and the Caribbean. Colebrook is large enough to provide financing in the $20-$30 million range, but small enough to deliver a unique brand of personal service. For further information, call Bill Ryczek at 860-344-9396. About Highlands Resorts Highlands Resorts is owned and operated by Todd Herrick and has enjoyed strong success in the Southwestern United States. HR is currently developing and selling Sedona Pines Resort in Sedona, Arizona; Highlands Resort at Verde Ridge in Cornville, Arizona, and the Dunes Club in Palm Springs, California. Media Contact for Christie Lodge: Media Contact for Colebrook Financial Company: Middletown, CT; December 2013 – Colebrook Financial Company, which provides receivables financing for timeshare resort companies, announced that they just closed a new transaction with Starpoint Resort Group, Inc., headquartered in Las Vegas. “We’ve been a financing source for Mike Muldoon and Starpoint for over ten years,” said Colebrook Financial Principal Bill Ryczek, “and it’s been remarkable to see what Mike has done with the company over that period. He’s one of the hardest-working people you’ll ever meet, and we’re very happy for him.” Starpoint has shown significant growth since its inception and in the spring of this year announced the acquisition of The Geo Group of Companies, which boasts resorts located throughout Canada, the United States, the Caribbean and Central America. At roughly the same time, the company announced a strategic partnership with a private equity company, TZP Capital Partners I, based in New York City. “Colebrook was there for us in the beginning,” said Starpoint CEO Michael Muldoon, “when we were a lot smaller than we are now. The group, especially Mark Raunikar, was a great sounding board and resource for me as I was growing the company. I didn’t have a big staff and Mark was always there to listen and provide feedback.” About Starpoint Resort Group, Inc. Starpoint Resort Group has approximately 30,000 timeshare owners/members at 24 resorts around the world. The company also performs property management for four timeshare membership clubs and six resorts located in four countries and continues to expand the company’s footprint by providing resorts with an outlet for unsold inventory and/or full management services. Starpoint expects to close two acquisition transactions that will allow it to go into 2014 with more than 20 resorts and 50,000+ members and owners under management in U.S., Canada, the Caribbean, and Central America. Media Contact for Colebrook Financial Company: Middletown, CT; October 2013 – Colebrook Financial Company, which provides receivables financing for timeshare resort developers, announced that they just closed a new transaction with Festiva Development Group, LLC, located in Asheville, NC. “We’ve had a great relationship with Festiva and their management over the past ten years,” says Colebrook Principal Bill Ryczek. “In 2003 we were both small companies just starting out, and it’s been so gratifying to see Butch and Don build a not just a timeshare company, but a terrific, diversified hospitality organization.” “Festiva and Colebrook are pleased to see this latest development in growing a mutually beneficial and long-term relationship,” says Festiva’s President Herbert (Butch) Patrick. “Our association with them began with a $1 million loan in 2003 and they are now one of our key lenders with a relationship of more than $20 million. Colebrook has been a great partner; they’ve been a great help and a strong, consistent ally.” About Festiva Development Group, LLC Festiva operates boutique interval ownership resorts, cruise club destinations, and an adventure club in the United States and the Caribbean. Festiva was founded in 2000 as Festiva Resorts and is based in Asheville, North Carolina. Media Contact for Colebrook Financial Company: Middletown, CT; June 2013 – Colebrook Financial Company, which provides timeshare receivables financing for timeshare resort developers, announced the closing of a transaction with CLC World Resorts & Hotels, a major European timeshare developer, to finance American purchasers at the company’s first U.S. timeshare project, Encantada Resort in Kissimmee, Florida. In addition to starting sales at Encantada in April of this year, CLC World will soon be selling timeshare at another Orlando area-based resort it is developing, Regal Oaks in Kissimmee, FL. “We were very impressed with what Club La Costa has accomplished in Europe, and with the caliber of their executive management,” says Colebrook Principal Bill Ryczek. “This is their first fractional venture into the U.S. market. We feel we are a good fit for them because we are willing to start from a small base and grow with a company. We look forward to talking with them about future projects.” “Colebrook’s principals impressed us with their accessibility and emphasis on building a long-term relationship,” says CLC USA Chief Executive Officer Marty Kandel. “As a European developer, this was crucial to our decision and we are happy to be working with them. We have a unique business model and strategy enabling us to leverage our global marketing opportunities to sell fractional or whole product to both U.S. and European citizens. The results are already very promising.” About CLC World Resorts & Hotels CLC World Resorts & Hotels is a leading provider of mixed use holiday products in Europe. The private members’ club that began in 1984 has over 50,000 members and 28 mixed use resorts worldwide, including the UK, Spain, Tenerife, Austria, Turkey, Australia and the USA, as well as the Club La Costa Yacht Club. The company has its own resort management team, a rapidly expanding freehold property division and an in-house travel department serving its members. Media Contact for Colebrook Financial Company: “Colebrook’s team was impressed with Tom’s capabilities when we worked together at another timeshare lending institution,” says Colebrook Principal Bill Ryczek. “His aptitude for seeing the ‘big picture’ when it came to putting a financing deal together was readily apparent then and now, 14 years later, his experience enables him to handle all aspects of this business.” Prior to joining Colebrook, Petrisko was employed by Capital One as a vice president in their vacation ownership division. “It is a delight for me to return to an environment in which I can touch the deal from start to finish,” says Petrisko. “Working with Colebrook allows me to build relationships with the developers. It’s conducive to understanding their needs and being able to put together win-win deals.” Media Contact for Colebrook Financial Company: Middletown, CT; June 2013 – Colebrook Financial Company, which provides timeshare receivables financing for timeshare resort developers, announced the expansion of their lending relationship with Williamsburg, Virginia, timeshare developer – King’s Creek Plantation. “George David of Realty Financial Resources, Inc. introduced us to the team at King’s Creek and helped facilitate the arrangement,” says Colebrook Principal William “Bill” Ryczek. “We inked our first deal together in March of last year and were happy to extend it to $8 million earlier this spring. The project has been successful in making $18 million in sales per year, has 15,000 owners and continues to grow. So, we are excited to continue working with them going forward.” King’s Creek Plantation Executive VP/COO/CFO Joe Cantrell says, “We are extremely fortunate to work with Colebrook. Their team is very professional and easy to work with. If any issue were to emerge, they are great problem-solvers, too. We are glad to have them as our lending partners.” Media Contact for Colebrook Financial Company: Approximately 60-75 bankers, accountants and attorneys are expected to attend the by-invitation-only event. Howard Nusbaum (pictured left), CEO of ARDA, who has spoken at each of the four prior sessions, will inform the audience of developments in the timeshare industry during the past year. Following Howard will be the chief executives of three leading timeshare development companies, Stuart Allen of Vacation Colebrook now has 15 banking partners, several of which have established a relationship during the past two years. The increased capacity enables Colebrook to structure larger financing packages on more competitive terms. Ryczek, Jim Bishop, Fred Dauch and Mark Raunikar from Colebrook Financial Company will officiate at the event and will be available to answer questions afterward. Any lender, attorney or accountant who is interested in attending should contact Bill at bryczek@colebrookfinancial.com for details. Media Contact for Colebrook Financial Company: “One of the benefits of working with Colebrook is that they understand and appreciate our product,” says RWGroup CFO Bob Dunbar. “We have dealt with them since Colebrook’s inception and are very satisfied with the relationship.” RWGroup’s partners Ron Wilhite, Lex Adams and Bob sell a non-deeded interest in a club product which provides its members with access to the Ridge Tahoe, Ridge View, Ridge Crest and Ridge Pointe properties, located in Lake Tahoe, Nevada. “My relationship with the principals of the RWGroup goes back nearly 25 years,” said Colebrook principal Bill Ryczek, “and the fact that we continue to do business together speaks to the quality of their product, their integrity and their business acumen. We look forward to many more years of working together.” Media Contact for Colebrook Financial Company: Middletown, CT; December 2012 – Colebrook Financial Company, boutique lenders in the timeshare resort industry, report they recently closed a $6 million receivables hypothecation loan with Vacation Ownership Sales, Inc. (VOS). VOS is the development and sales company affiliated with Vacation Internationale (VI), the oldest points-based vacation club in North America. VOS will use the loan proceeds in its ongoing and successful efforts to expand VI in the US, Mexico and Canada. VOS President Stuart Allen said, “VOS is very appreciative of its financial relationship with Colebrook. This association dates back to 2005, when VOS was founded to foster growth for VI. Colebrook and its principals have aided VOS and VI immeasurably by their support of VI’s strategic plan. We look forward to more transactions like this in the future.” “We’ve been delighted to work with Stu and his partner Mike Vasey,” says Colebrook Senior Partner Bill Ryczek. “Vacation Internationale practically invented the points-based model that is so prevalent in the timeshare industry today, and the fact that the club continues to thrive is a testament to the quality of the product and the soundness of the management. Stu and Mike are a great combination of administrative and marketing talent who complement each other well. ” Media Contact for Colebrook Financial Company: Middletown, CT; October 2012 – Colebrook Financial Company, boutique lenders in the timeshare resort industry, report they have completed a $5 million receivables hypothecation loan to the Manhattan Club, which is located in the heart of New York City. “We’ve known Colebrook’s Principal Bill Ryczek for a number of years and were delighted to find that his company could address our needs,” says Operating Partner Scott Lager. “We were very impressed by Bill’s competent handling of the due diligence process leading up to completing the transaction. It was the least-pressured of any of these processes we’ve ever experienced. Bill’s knowledge and experience was clearly evident. He had very few questions, which we were able to satisfy easily and quickly. I’ve dealt with many lenders in the past and the procedures were never so easy.” “We are very pleased to initiate this new lending relationship with The Manhattan Club,” says Bill Ryczek. “The fact that it is one of the few urban timeshare projects in the U.S. makes it very attractive. Plus, the demand for usage is very high because of the desirable location.” Media Contact for Colebrook Financial Company: Middletown, CT; June 2012 – Lenders attending an educational seminar presented by timeshare receivables financiers Colebrook Financial Company heard ‘the good, the bad and the not-so-bad’ from Howard Nusbaum, RRP*, CEO of the American Resort Development Association (ARDA); Interval Leisure Group CEO Craig Nash; Michael Hug, Exec. VP and CFO of Wyndham Vacation Ownership and Bluegreen Services CEO David Pontius, last week. Approximately 60 financial professionals at Colebrook’s “Timeshare Lender Education Seminar” learned about the new “Fee for Service Marketing” model whereby several larger, well established timeshare veteran companies are partnering with smaller resorts and leveraging their expertise to provide management, sales and marketing. Attendees heard first-hand about the state of the industry, the increase of timeshare transactions in the asset-backed securitization markets, how timeshare portfolio performance is improving at the present time and how the role of the exchange company has evolved to keep pace with the market. Colebrook Financial professionals Bill Ryczek RRP*, Jim Bishop, Fred Dauch and Mark Raunikar were available immediately following the event to answer questions. Colebrook works in concert with a number of financial institutions to provide financing for the resort industry. A limited number of conference handouts are available on a first-come, first-served basis. Please contact Bill Ryczek at bryczek@colebrookfinancial.com to request a copy. *Nusbaum and Ryczek are registered resort professionals with the American Resort Development Association (ARDA), Washington, DC. Media Contact for Colebrook Financial Company: Middletown, CT – May 2012; Colebrook Financial Company, providing timeshare receivables financing for single-site and multi-site timeshare resort developers, announced they will present their annual “Timeshare Lender Education Seminar” on June 7, 2012 at the Crowne Plaza Hotel in Cromwell, Connecticut, from 9:00 a.m.-1:00 p.m. before a group of by-invitation-only lenders and professionals. Colebrook works in concert with a number of financial institutions to provide financing for the resort industry. Bill Ryczek RRP* (pictured), Jim Bishop, Fred Dauch and Mark Raunikar from Colebrook Financial Company will officiate at the event and be available to answer questions afterward. Craig Nash, CEO of Interval Leisure Group, Miami, FL, will discuss the role of exchange organizations in an evolving industry. Howard Nusbaum, president of the American Resort Development Association (ARDA), Washington, DC, will provide an overview on the state of the timeshare industry. Michael Hug, CFO of Wyndham Vacation Ownership, Orlando, FL, will provide the current status of timeshare receivables securitizations and will discuss portfolio performance; while Bluegreen Services, Boca Raton, FL, President David Pontius will describe the latest concept in timeshare marketing – the fee-for-service model. After their remarks, panelists will be available to answer questions in a Q and A session, as well as during the networking luncheon. Any lender, attorney or accountant who is interested in attending should contact Bill at bryczek@colebrookfinancial.com for details. *Ryczek is a registered resort professional with the American Resort Development Association (ARDA), Washington, DC. Media Contact for Colebrook Financial Company: April 17, 2012 – Colebrook Financial Company principal, Bill Ryczek, recently shared good news about the financial outlook for resort developers who offer their consumers end-loan financing. In Ryczek’s remarks as part of a panel presentation – “NEW Fundamentals of Finance” – at the American Resort Development Association (ARDA) convention held earlier this month, he reported seeing a rebound in the financial markets for the industry. “Timeshare financing, like nearly every element of business, runs in cycles,” says Ryczek (pictured above). “We are now on the upward slope, with more lenders, more funding, somewhat more liberal terms and lower rates.” Several of Colebrook Financial Company’s principals began their involvement in the resort industry as early as 1979. “Money is fungible,” says Ryczek, “and pricing is easily compared. We try to add value with a little more flexible structure and by acting as a conduit to aid networking among our developers, whether it is to swap inventory, develop strategic alliances or simply discover a better way of doing things.” Media Contact for Colebrook Financial Company: Middletown, CT – March 2012; Colebrook Financial Company, providing timeshare receivables financing for single-site and multi-site timeshare resort developers, announced that Principal Bill Ryczek will participate on the panel entitled, “NEW Fundamentals of Finance,” April 3, from 9:00 to 10:15 a.m. during the ARDA World 2012 Las Vegas convention (www.ARDA.org). “The timeshare lending environment has changed dramatically over the past year,” says Ryczek (pictured). “There have been new entrants to the market and the availability of funding has increased, but the terms and types of loans have changed from the years before the financial crisis of 2008. We will talk about those changes and our expectations for the coming year. Our first conference call among the panelists produced some very interesting observations, and I think the session will have value even to those who have many years of experience in the industry.” Attendees at the session will learn about the types of finance available for timeshare operators and how to go about obtaining it, after which they will have an opportunity to ask questions of the panelists. Media Contact for Colebrook Financial Company: Middletown, Connecticut; February 28, 2012 – Colebrook Financial Company, providing timeshare receivables financing for single-site and multi-site timeshare resort developers, announced recently it had extended an existing facility for Highlands Resorts to $30 million. “Highlands Resorts will be using the financing for consumers purchasing vacation ownership in their projects in Sedona, Arizona,” says Colebrook principal Bill Ryczek. “We made our first commitment to Highlands in 2009 and have been very pleased with the relationship since that time. Highlands’ management team is highly professional and the resort projects, themselves, are well-maintained, well-managed properties in high-demand locations. We enjoy working with Todd Herrick who is an energetic, decisive and competent developer.” “Colebrook has been a terrific lending partner for us,” says Highlands Resorts Owner Todd Herrick. “As one of the few timeshare developers in the United States to be developing new product at this time, we needed a company that would be flexible enough to handle our growth. Colebrook has more than risen to the occasion. Plus, I like the fact that whenever I call their office, I get a real person on the phone – a principal – rather than voice mail. It’s just another indication that they are interested in talking to you.” Colebrook principals take pride in the attentive, personal service they provide clients throughout the relationship. “Most of our clients have started with a small relationship that has grown over the years as we both become more comfortable with each other,” says Ryczek. “Like timeshare developers, we believe our existing customers are our best prospects and if we treat them well, they will expand the relationship.” Media Contact for Colebrook Financial Company:Colebrook Financial Company Webinar Shares Criteria Used to Evaluate Hypothecation Loan Requests (March 2022)
Bill Ryczek, 860-344-9396
Georgi Bohrod, RRP
760-803-4522Zealandia Calls on Colebrook Financial Company’s Flexibility for Three Loans in Three Months (Feb 2022)
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
Zealandia Holding Company, Inc. (ZHC) is a value-added strategic investor formed to leverage the assets, business synergies, and professional teams of ZHC and its subsidiaries. Since its inception, ZHC has acquired or invested in 22 companies covering a wide range of resort properties, hotels, and multi-family real estate and related businesses. ZHC’s strong, 21-year history of operational excellence, brand development and sector expertise combine to further its mission to provide the necessary capital, core function management, and strategic leadership needed for sustained growth. With a focus on investing in Travel & Leisure related businesses as well as a variety of diverse businesses outside of the hospitality space, ZHC (www.ZHCompany.com) is uniquely positioned to provide the resources and relationships necessary to maximize the value of our companies.
Bill Ryczek, 860-344-9396
Georgi Bohrod, RRP
760-803-4522Northeast Developer with Six Unique Resorts Continues to Grow
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
Bill Ryczek, 860-344-9396
Georgi Bohrod, RRP
760-803-4522
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
Bill Ryczek, 860-344-9396
Georgi Bohrod, RRP
760-803-4522
Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more. We have an innovative approach to financing and pride ourselves on rapid turnaround and personal service. Colebrook has no committees, and our most important policy is common sense. You’ll get straight answers, and you can always talk to a principal.
Starpoint Resort Group, Inc., and its affiliates are the developer and manager of timeshare points-based clubs based in Canada, the Caribbean, and the United States, and provides resort management services to 30 resorts on behalf of their respective HOA’s representing more than 100,000 members around the world. Starpoint’s parent is BQ Resorts, a company owned in partnership with TZP Group LLC, a New York based private equity firm. The executive management team averages more than 30 years of proven performance and experience. Based in Las Vegas, Nevada, the company is active in all facets of the resort development, sales, marketing, resort management and finance business. The company philosophy is relationship-driven and oriented to foster development of new opportunity. Starpoint Resort Group is particularly active in the existing resort arena. Its founder and principal, Michael J. Muldoon, has been an industry participant since 1983, an ARDA member since 1994, and is on the Board of directors for ARDA (American Resort Development Association).
Bill Ryczek, 860-344-9396
Georgi Bohrod, RRP
760-803-4522
Bill Ryczek, 860-344-9396
Georgi Bohrod, RRP
760-803-4522
Bill Ryczek, 860-344-9396
Georgi Bohrod, RRP
760-803-4522
Roxanne Passarella
Bill Ryczek, 860-344-9396
Georgi Bohrod, RRP
760-803-4522
Bill Ryczek, 860-344-9396
Georgi Bohrod, RRP
760-803-4522
Bill Ryczek, 860-344-9396
Georgi Bohrod, RRP
760-803-4522
Bill Ryczek, 860-344-9396
Georgi Bohrod, RRP
760-803-4522
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About Colebrook Financial Company
Media Contact for Colebrook Financial Company:
Sharon@SharonINK.com; 310-923-1269Vacation ownership resort operators and travel clubs can now offer financing to buyers when they use the Save On Travel product, says Colebrook Principal Bill Ryczek.
Bill RyczekAbout Colebrook Financial Company
About Save On Resorts
Media Contact for Colebrook Financial Company:
Sharon@SharonINK.com; 310-923-1269Management, sales and marketing entity for North America’s oldest points-based vacation club, Vacation Internationale, has been a client of Colebrook Financial since 2005.
About Colebrook Financial Company
About Vacation Ownership Sales, Inc.
Media Contact for Colebrook Financial Company:
Sharon@SharonINK.com; 310-923-1269
From top left to right: Tom Petrisko, Fred Dauch and Bill Ryczek, RRP. Seated l. to r.: Mark Raunikar and Jim Bishop.About Colebrook Financial Company
Media Contact for Colebrook Financial Company:
Sharon@SharonINK.com; 310-923-1269
Bill Ryczek
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for small and mid-sized developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
The Ridge Tahoe
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
About RWGroup
The RWGroup was formed in 1988 by a successful group of resort professionals. The team provides a substantial breadth of experience in the hospitality field with backgrounds in real estate development and sales, hotel and resort operations, homeowner association management, accounting and administration.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Bill Ryczek, Colebrook Financial Company
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
L – R, Bill Ryczek and John Gordon
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
staySky® Vacation Clubs is a dynamic points-based program offering members the ultimate flexibility and control over their vacation lifestyle. Members can use their staySky® Points in a variety of ways, including accessing vacation resorts worldwide through staySky® Vacation Clubs’ partnership with Interval International’s global points system; banking their points for use in the following year; borrowing points for more vacation time in the current year; or earning staySky® Escapes reward credits to enhance their vacation experience. For more information, visit staySkyVacationClubs.com.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Bill Ryczek, Colebrook Financial Company
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Bill Ryczek, Colebrook Financial Company
Joe Cantrell, King’s Creek Plantation
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
Situated in Williamsburg, Virginia, King’s Creek Plantation is an Interval International 5-Star Resort located within easy access of the Colonial Parkway, which links Williamsburg to historic Jamestown and Yorktown. The resort features one, two, three and four bedroom homes amidst a complex offering multiple swimming pools, a year-round indoor aquatic center, jetted pools, saunas, large workout room, tennis courts, a basketball court, picnic areas, playgrounds, an 18-hole miniature golf course, jogging trail and more in a gated community. For more information, call 866-228-6796 or visit http://www.kingscreekplantation.com.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Joe Berry, President, River Run Company
Bill Ryczek, Colebrook Financial Company
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
For more than 30 years, River Run Company, Inc. has been serving the commercial development needs of the Mount Washington Valley in New Hampshire. River Run Co. also develops and manages timeshare and whole ownership vacation properties including the Eastern Slope Inn Resort, located in North Conway, New Hampshire, and condominiums in Attitash Mountain Village. River Run Company’s residential and commercial land development initiatives division is involved in premier projects, including master-planned communities and commercial interests.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Herbert “Butch” Patrick Bill Ryczek, Colebrook Financial Company
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
Festiva operates boutique interval ownership resorts, cruise club destinations, and an adventure club in the United States and the Caribbean. Festiva was founded in 2000 and is located in Orlando, FL.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
FantaSea Resorts is proud to be the premier independent provider of Vacation Ownership products and services in the Northeast. Since coming to Atlantic City in 1992, our portfolio of properties has grown to include three unique resorts that include 700+ units, making us the largest non-casino hospitality provider in the entire city. Whether you choose Flagship or La Sammana, one of our properties will be certain to satisfy your unique tastes.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
A leader in the timeshare club industry, GEDC has developed Global Exchange Vacation Club (GEVC), which is powered by RCI points and offers a variety of flexible getaway opportunities for timeshare club members. The company provides members with a lifetime of memorable vacation experiences and enhances the quality of their lives through the flexibility of its customized points based vacation ownership system. Their commitment to the highest standards of quality and service is what has made GEDC a leader in the global timeshare club industry.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
Vacation Ownership Sales, Inc. provides management, marketing and sales services to Vacation Internationale, the oldest points-based multi-site vacation club in North America. Based in Bellevue, Washington, VOS and VI have created a uniquely successful business model of a non-profit owner-controlled club working together with a privately held management, marketing and sales company to grow the club more than 25 percent in the past 10 years.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
FantaSea Resorts is proud to be the premier independent provider of Vacation Ownership products and services in the Northeast. Since coming to Atlantic City in 1992, our portfolio of properties has grown to include two unique resorts that include 500 units, making us the largest non-casino hospitality provider in the entire city. Whether you choose Flagship or La Sammana, one of our properties will be certain to satisfy your unique tastes.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269Middletown, CT; March 2015 – Colebrook Financial Company Principal Bill Ryczek says he will provide a lender’s perspective on short-term vacation ownership products as a panel member during the upcoming ARDA World Convention being held in Orlando. The session “Short-term Fever: Variable-term Vacation Products – Time for a New Approach?” will be presented on April 14, 2015 from 2:45 p.m. – 4:00 p.m. EST. Colebrook is a well-known provider of receivables financing for timeshare resorts/vacation ownership companies. During the educational session, Ryczek joins a panel of experts drawn from various disciplines within the industry and will take a look short-term, fixed term and diminishing-use timeshare products and travel clubs.
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
Starpoint, a subsidiary of BQ Resorts LLC, is the developer of Sapphire Resorts which is a multi-site timeshare club comprised of 21 resorts based in Las Vegas, Nevada. The company is active in all facets of the hospitality industry including resort development, property and resort management, sales and marketing. They manage four timeshare clubs, 21 timeshare resorts, several condominium projects and the vacation interests of approximately 50,000 owners throughout Canada, the U.S., the Caribbean and Central America, in addition to well scaled sales and marketing operations which grow both the platform and scale of members to be serviced.
BQ Resorts, a privately held company, is focused on the timeshare/hospitality space and owns companies including Starpoint Resorts, GeoHoliday Club, GetAways Resort Management and Sapphire Resorts. Leveraging its strategic partnership with TZP Group, a New York based private equity firm, it continues to expand its core business platforms through organic growth and strategic acquisition. Under its ownership umbrella are four timeshare clubs, 22 resorts under management, two resort and property management companies, an active sales and marketing company, and approximately 50,000 timeshare members throughout Canada, Costa Rica, the U.S. and the Caribbean.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Alan Dickler, COO
ADickler@StarpointResorts.com
Middletown, CT; September 2014 – Colebrook Financial Company, which provides receivables financing for vacation ownership/timeshare resort companies, announced they have established a new lending relationship with the London Bridge Resort, in Lake Havasu City, Arizona. Colebrook will be underwriting a portfolio of timeshare resort receivables.
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
London Bridge Resort is an all-suite property on Lake Havasu’s Bridgewater Channel. Located between Phoenix and Las Vegas, this waterfront resort offers on-site restaurants and nightclubs, 12,000 square feet of event space, 122 diverse suites, diverse Arizona vacation packages and many on-site amenities. Whether guests are traveling for business or leisure, with a large group or alone, they’re sure to find the perfect accommodations to suit their needs at this Lake Havasu resort. More information about London Bridge Resort is available at: www.londonbridgeresort.com.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for developers in the US, Mexico and the Caribbean. Colebrook is large enough to provide financing in the $20-30 million range but small enough to deliver a unique brand of personal service. For further information call Bill Ryczek at 860-344-9396.
Starpoint Resort Group, Inc. is a privately held company whose executive management team averages more than 30 years of proven performance and experience in the timeshare and hospitality industry. Based in Las Vegas, Nevada, the company is active in all facets of the hospitality industry including resort development, property and resort management, sales and marketing. They manage four timeshare clubs, 21 timeshare resorts, several condominium projects and the vacation interests of approximately 50,000 owners throughout Canada, the U.S., the Caribbean and Central America, in addition to well scaled sales and marketing operations which grow both the platform and scale of members to be serviced.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Alan Dickler, COO
ADickler@StarpointResorts.com
Festiva operates boutique interval ownership resorts, cruise club destinations, and an adventure club in the United States and the Caribbean. Festiva was founded in 2000 and is located in Orlando, FL.
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for small and mid-sized developers in the US, Mexico, and the Caribbean. Colebrook is large enough to provide financing in the $20-$30 million range, but small enough to deliver a unique brand of personal service. For further information, call Bill Ryczek at 860-344-9396
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Established in 1994, the Amber Group manages Amber Vacation Club and Amber Resort Management, which provide central reservations, owner services and resort management to 16,000 owners at three resort locations as well as three additional affiliate sites. Currently, Amber is actively seeking affiliate sites and management opportunities, and developing a plan for expansion of Amber Vacation Club benefits. (www.ambervacations.com)
Colebrook Financial Company is a lender specializing in the timeshare/shared ownership industry, providing hypothecation and other financing products for small and mid-sized developers in the US, Mexico, and the Caribbean. Colebrook is large enough to provide financing in the $20-$30 million range, but small enough to deliver a unique brand of personal service. For further information, call Bill Ryczek at 860-344-9396
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Tom Butz
Director of Resort Sales and Marketing
1-970-845-4527; tbutz@christielodge.com
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Middletown, CT; July 2013 – Colebrook Financial Company, a premier lending institution in the timeshare industry, announced Tom Petrisko has joined the firm as a partner. His responsibilities include working with existing clients, as well as forging new relationships with resort and club developers.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Middletown, CT; March 2013 – Colebrook Financial Company, which provides timeshare receivables financing for timeshare resort developers, announced they will present their fifth annual “Timeshare Lender Education Seminar” on June 11, 2013 at the Crowne Plaza Hotel in Cromwell, Connecticut.
Ownership Sales, Butch Patrick of Festiva Resorts and Kevin Jones of King’s Creek Plantation. Each will speak about a specific facet of the timeshare business.
According to Bill Ryczek RRP* (shown right), “The previous four educational forums have provided an excellent introduction to the timeshare industry for many institutions and have been an informative update for those already doing business with Colebrook. In addition, the session is an opportunity for networking among the institutions and allows them to share experiences.”
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Middletown, CT; February 2013 – Colebrook Financial Company, lenders specializing in the timeshare resort industry, report they recently expanded their relationship with the RWGroup to underwrite receivables financing for consumers purchasing club interests in four resorts located in Lake Tahoe, Nevada.
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269
Sharon Drechsler-Scott, RRP
Sharon@SharonINK.com; 310-923-1269