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 Travel & Outdoors | May 2008 
Raintree Resorts Acquires Former Nautilus Property
 Hospitality-1st
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| | “The new resort provides a great property adjacent to our existing Club Regina and gives our Members additional access to the popular vacation destination with added meeting space and 100% renovated units, accommodating primarily couples on vacation,” explains Doug Bech, CEO of Raintree Resorts. | | |
Raintree Resorts International has recently acquired its tenth vacation ownership resort in Mexico and its second property in Puerto Vallarta.
The new resort, renamed Raintree’s Villa Vera Puerto Vallarta, was purchased on May 7 from Jose Luis Borioli, a Puerto Vallarta developer. Previously known as Nautilus, the property features an on-site restaurant overlooking the marina, two swimming pools, meeting rooms, and a business center. The property was attractive to the developer due to its ideal location within the marina, across the street from Raintree’s Club Regina Puerto Vallarta, acquired by the company in 1997.
“The new resort provides a great property adjacent to our existing Club Regina and gives our Members additional access to the popular vacation destination with added meeting space and 100% renovated units, accommodating primarily couples on vacation,” explains Doug Bech, CEO of Raintree Resorts.
The Houston, Texas-based company plans to spend about $4.5 million in renovations to the new property to ensure that it maintains the same scale as other company resorts in terms of overall vacation experience. Villa Vera Puerto Vallarta is one of 20 resorts in the points-based Raintree Vacation Club (www.raintreevacationclub.com).
John Berger is Senior VP and Chief RVC & Hospitality Officer. In describing the company’s latest acquisition he added, “Raintree Vacation Club identified our Members’ desires for a more intimate setting to complement Raintree’s Club Regina Puerto Vallarta property. Villa Vera Puerto Vallarta provides the perfect environment for a romantic getaway while just minutes away from all the attractions that make Puerto Vallarta a prime tourist destination We invite our Members to come and visit one of our most popular destinations.”
Completion of the refurbishment process to the RCI Gold Crown resort is expected in less than a year. Additional plans include a fitness center and proposed beach club with a massive sundeck addition. The grounds will also be fully landscaped upon completion of the renovations.
“This new property is a jewel in one of our most popular destinations,” commented Bill Tsao, Senior VP and Chief Sales & Marketing Officer. “Villa Vera Puerto Vallarta presents an amazing ambience, combined with a unique waterfront vacation experience.” As with all of their resorts, Raintree Vacation Club is managing resort operations.
“In order to provide seamless hospitality services to our Members, Raintree Vacation Club employees will be utilized in key roles of the management of our newest property. Our Members and guests can count on consistent high-touch hospitality services,” explained Berger.
About Raintree Resorts: Founded in 1997, Raintree Resorts International has expanded to become the respected leader in luxury developments in popular vacation destinations throughout Mexico, the western United States and western Canada. Raintree Vacation Club (www.raintreevacationclub.com), the exchange arm of Raintree Resorts, is a unique blend of club, resort and hotel hospitality vacation options serving the company’s more than 50,000 owners/Members. In addition to its ten resorts in Mexico, Raintree also develops and manages units in the 17 properties that make up Whiski Jack Resorts, Whistler, Canada; the Cimarron Golf Resort in Palm Springs, California; The Miners Club located in the Canyons Ski Resort area in Park City, Utah; Sandcastle in Birch Bay, Washington; plus The Teton Club, a private residence club ski-in, ski-out lodge in Jackson Hole, Wyoming as well as units or unit equivalents at the Kona Reef in Kailua-Kona, Hawaii; Polo Towers, in Las Vegas, Nevada; and The River Club and Franz Klammer Lodge in Telluride, Colorado. |
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