http://www.hospitalitynet.org/news/154000320/4027992.html
Desert Willow
Starwood Vacation Ownership Acquires Land from Intrawest Corporation for a New Resort in Palm Desert, California
ORLANDO, Fla. | Starwood Vacation Ownership (SVO), a division of Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), today announced it has finalized the acquisition of 28.7 acres in the established Desert Willow development from Intrawest Corporation (NYSE:IDR). Starwood Vacation Ownership will build a Westin-branded vacation ownership resort within the upscale Palm Desert, California development.
"We are excited to extend our presence in southern California with our second Westin-branded vacation ownership resort in the area. Desert Willow is a tremendous location in an important market which is a proven winner for high-end vacation ownership resorts," said Raymond L. "Rip" Gellein, Jr., chief executive officer of Starwood Vacation Ownership.
Centrally located within Palm Desert, Desert Willow Golf Resort offers spectacular views of the surrounding mountains and has won numerous accolades for its course design and commitment to protect the environment. Owned by the city of Palm Desert, the two championship courses are among the best public golf courses in the country. The Westin Vacation Ownership resort will include luxury villas, a clubhouse and reception building, a lavish swimming pool and expansive grounds, a game room, a fitness center and a sales center. Construction is scheduled to begin on the new villas in 2007 with preconstruction sales to begin later this year. The design of the villas and sales center will complement the existing architecture and style of Desert Willow. Starwood Vacation Ownership sold out its first vacation ownership resort in the region, the Westin Mission Hills Resort & Villas, in 2005 and continues to operate that property.
This will be the eighth Westin Vacation Ownership resort either completed or in development including resorts in Maui; Kauai; California; Arizona; Cancun; St. John, USVI; and Aruba. In addition to Westin, SVO is developing vacation ownership resorts under the Sheraton brand and high-end fractional residences under the St. Regis brand.
Intrawest currently has a high-end vacation ownership resort, Club Intrawest, on the adjoining property and has retained land to complete an expansion planned for doubling the number of Luxury Vacation Homes at Desert Willow.
Desert Willow
Starwood Vacation Ownership Acquires Land from Intrawest Corporation for a New Resort in Palm Desert, California
ORLANDO, Fla. | Starwood Vacation Ownership (SVO), a division of Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT), today announced it has finalized the acquisition of 28.7 acres in the established Desert Willow development from Intrawest Corporation (NYSE:IDR). Starwood Vacation Ownership will build a Westin-branded vacation ownership resort within the upscale Palm Desert, California development.
"We are excited to extend our presence in southern California with our second Westin-branded vacation ownership resort in the area. Desert Willow is a tremendous location in an important market which is a proven winner for high-end vacation ownership resorts," said Raymond L. "Rip" Gellein, Jr., chief executive officer of Starwood Vacation Ownership.
Centrally located within Palm Desert, Desert Willow Golf Resort offers spectacular views of the surrounding mountains and has won numerous accolades for its course design and commitment to protect the environment. Owned by the city of Palm Desert, the two championship courses are among the best public golf courses in the country. The Westin Vacation Ownership resort will include luxury villas, a clubhouse and reception building, a lavish swimming pool and expansive grounds, a game room, a fitness center and a sales center. Construction is scheduled to begin on the new villas in 2007 with preconstruction sales to begin later this year. The design of the villas and sales center will complement the existing architecture and style of Desert Willow. Starwood Vacation Ownership sold out its first vacation ownership resort in the region, the Westin Mission Hills Resort & Villas, in 2005 and continues to operate that property.
This will be the eighth Westin Vacation Ownership resort either completed or in development including resorts in Maui; Kauai; California; Arizona; Cancun; St. John, USVI; and Aruba. In addition to Westin, SVO is developing vacation ownership resorts under the Sheraton brand and high-end fractional residences under the St. Regis brand.
Intrawest currently has a high-end vacation ownership resort, Club Intrawest, on the adjoining property and has retained land to complete an expansion planned for doubling the number of Luxury Vacation Homes at Desert Willow.