Archive for the 'Timeshare News 2009' Category

Company Puts Construction of Wyndham Desert Blue timeshare project on hold

Friday, February 20th, 2009

Wyndham’s timeshare unit said Tuesday it’s suspending construction on its high-profile Desert Blue resort in Las Vegas.

By Steve Green – Tue, Feb 17, 2009 (2:30 p.m.)

Construction Stops on Desert Blue
Sun archives

Wyndham announces new Las Vegas resort (4-8-08)
Beyond the Sun

Wyndham Desert Blue
Desert Blue resort

Four days after lodging giant Wyndham Worldwide Corp. reported a huge loss because of the economic slowdown, Wyndham’s timeshare unit said Tuesday it’s suspending construction on its high-profile Desert Blue resort in Las Vegas.

The Wyndham Vacation Ownership resort near the Rio hotel-casino is planned to consist of 19 stories with 281 condominium-style units. Martin-Harris Construction Co. and its subcontractors had completed the building shell on the 14.75-acre site, which has a high profile because of its proximity to Interstate 15, the Las Vegas Strip and Flamingo Road.

“We have temporarily suspended construction,” said Lisa Burby, vice president of corporate communications for Wyndham Vacation ownership. “This is a temporary situation. Desert Blue remains in our plans. It’s still a priority for us.”

Wyndham Worldwide of Parsippany, N.J., one of the nation’s largest hotel companies with brands such as Days Inn, Hawthorn, Ramada and Super 8, on Friday reported a loss for the fourth quarter ended Dec. 31 of $1.356 billion, or $7.63 per share, because of $1.378 billion in noncash charges for restructuring and writing down the value of assets because of the recession.

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Hotel Lays Off Workers Amid Expansion Plans – Hilton Grand Vacations

Wednesday, January 28th, 2009

Hotel Lays Off Workers Amid Expansion Plans
Wednesday, January 21, 2009

ORANGE COUNTY, Fla. — Timeshare companies are taking a beating because of the economy and it’s costing Central Florida residents their jobs.

Hilton Grand Vacations, which is headquartered in Orlando on Metrowest Boulevard has laid off full-time employees from its staff of 3,500.

Eyewitness News reporter Robert Maxwell has learned that there were 187 company wide layoffs at the Hilton Grand Vacations.

A Hilton representative said they plan to expand in Orlando’s tourist corridor and was eager to talk about expansion plans.

“We see a lot of opportunity for tourism and so we are very bullish on Orlando,” said a Hilton representative.

In a statement released by Hilton’s corporate headquarters the international hotel chain confirmed that a number of full-time positions were eliminated across the organization, specifically at the Hilton’s Grand Vacations division where timeshares are sold at sprawling resorts.

What’s unusual about the Hilton layoffs is they come at a time when the Hilton family has big expansion plans in Orlando.

Hilton proudly told Channel 9 its timeshare properties are growing with the first phase of Club Parc Soleil, which is a seven phase 52-acre project south of Sand Lake Road.

A Hilton hotel is planned for the Old Knights Inn on International Drive and next to the Orange County Convention Center, the 1,400-room Orlando Hilton is set to open in the summer of 2009.

Channel 9 tried to find out why they cut jobs while there were plans to expand in Orlando, but no one at the Hilton executive office would discuss the layoffs.

“I’m sorry sir, but we cannot comment. We gave you a number you can call,” said one representative.

WFTV called the number, but the corporate spokesperson wouldn’t detail the job losses only the expansion.