Ownership

Ownership of Hotel Pattee changes hands for third time

Perry’s 100-year-old Hotel Pattee is under new ownership once again.Perry Economic Development purchased the hotel and the La Poste on April 1.City manager Sven Peterson said 65,000 visitors stay at the historic hotel annually.“It’s kind of the economic driver of our downtown,” Peterson said.The historic hotel has been plagued with financial problems for a decade, causing previous owners to shut down and sell.Peterson said the city of Perry believes its newest owners will be different.“Now we get to finally say, ‘Yep, it’s open, and it’ll be open forever,’” he said.Perry Economic Development plans to give the boutique hotel and La … read more

Grand Welcome vacation property management opens in Summit County under local ownership

Stacey English and Matt Witmer, owners of Grand Welcome Breckenridge & The High Rockies, are pictured.
Photo from Grand Welcome

Grand Welcome Breckenridge & The High Rockies opened in January under Breckenridge owners Matt Witmer and Stacey English. The local franchise of the larger Grand Welcome company plans to offer a diverse portfolio of condominiums and houses for rent.

The rental management company offers short-term vacation rentals in Breckenridge, Dillon and surrounding areas with per night prices ranging from $100 for a one-bedroom condominium in Breckenridge to $774 for a six-bedroom home in Cordillera in Eagle County. Prospective guests can

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Hilton Grand Vacations to Acquire Diamond Resorts, Creating the Premier Leisure Operator With the Broadest Offering in the Vacation Ownership Industry

ORLANDO, Fla.–()–Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) today announced that it has entered into a definitive agreement to acquire Diamond Resorts International, Inc. (“Diamond”) from funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, “Apollo”), funds managed by affiliates of Reverence Capital Partners (“Reverence”), and other Diamond stockholders, in a stock-based transaction with an equity value of approximately $1.4 billion1. Under the terms of the agreement, the Apollo Funds and other Diamond stockholders will receive 34.5 million shares of HGV common stock,

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Vacation Ownership (Timeshare) Market to Enjoy ‘Explosive Growth’ by 2026

Edison, NJ — (SBWIRE) — 02/04/2021 — A latest survey on Global Vacation Ownership (Timeshare) Market is conducted to provide hidden gems performance analysis. The study is a perfect mix of qualitative and quantitative information covering market size breakdown of revenue and volume (if applicable) by important segments. The report bridges the historical data from 2015 to 2020 and forecasted till 2026*. The outbreak of covid-19 in global market haves made companies uncertain about their future secario as the prolonged lock-down finds serious economic slump. Some are the key & emerging players that are part of coverage and

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