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Online Press Kit Affordable slope-side options in a tough market One area where the market has certainly not slowed is in Vacation Ownership – where people buy increments of deeded property from one week to ten weeks or more. Vacation Ownership enables people to buy real estate for only the amount of time they are going to actually use it, without the worries of upkeep and security. Through the month of July, 2008 has been a record-breaking year for Breckenridge Grand Vacations, the developers of three local Vacation Ownership resorts: Gold Point, Grand Timber Lodge and the new Grand Lodge on Peak 7. In the first 24 hours of pre-sales for the Grand Lodge on Peak 7, which launched on December 8th, 2007, the company sold over $5 million of weekly ownership. During the first fiscal-year quarter of 2008, which runs from May through July, sales revenues were 18% ahead of the previous year. As a result of recent real estate trends, more and more families are buying into Vacation Ownership as an alternative to owning a second home. Keith Trowbridge, President of Executive Quest, Inc. recently released a report that the timeshare industry, unlike general real estate and second homes, does not seem to be affected by the current downturn in the economy. Timeshare sales continue to grow at a 10-15% rate and the industry has broken the $10,000,000,000 per year sales number. The American Resort Development Association (ARDA) recently published a "State of the Industry Study (2007)" on the growing trend of Americans buying into timeshares. As of January 1, 2007, 4.4 million households owned one or more US timeshares (or point-based equivalents). The Grand Lodge on Peak 7 (a Vacation Ownership resort) is the newest addition to the Peak 7 base area development. The resort will consist of 114, two-bedroom condominiums with ski in/ski out access. Ownership is sold in one-to-ten week increments and includes exclusive country-club style membership with daily access to the resort’s numerous amenities: Sevens restaurant, Soothe Day Spa, day use locker rooms, a family fun center, indoor/outdoor aquatics area, and on-site parking. "This is the perfect option for a family looking for real estate in the mountains; there are numerous ownership options, from one week or multiple weeks. And, the best part is that our owners who live in Denver are able to use their club membership at the Grand Lodge on Peak 7 any day of the year," says Mike Millisor, President of the resort. Since breaking ground over a year ago, the developers of Grand Timber Lodge and Gold Point Condominiums have completed a substantial amount of the construction on the Grand Lodge on Peak 7. The restaurant is expected to open in December of 2008 and the first units will be ready for occupancy in the late spring of 2009. The Grand Lodge on Peak 7 is expected to be one of Breckenridge’s premier resorts with a nearly unparalleled location. Being situated halfway up Peak 7 and halfway down to town, owners and guests at the Grand Lodge on Peak 7 will have easy access to both mountain adventures and town activities. New Grand Lodge on Peak 7 owner Kristian Slaugh shared his thoughts on the benefits of vacation ownership by saying, "I purchased both for the Resort Privileges which allows us to use the property without having a lodging reservation and also for the actual week of vacation. Having Resort Privileges year round is almost worth the whole cost of our purchase, plus we get to go on a weeklong vacation every year! Regardless of what our economy is doing, now or in the future, we will do whatever we can to always take a vacation. This purchase will save us money in doing so." If you are interested in learning more about Vacation Ownership or the Grand Lodge on Peak 7, please call 888-783-8883 ext. 3638 or visit www.GrandLodgeonPeak7.com. ________________________________________________________________________________________ If you would like to learn more about the value that Breckenridge Grand Vacations offers, please contact the resort directly at: Breckenridge Grand Vacations Media Contacts:
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