Capital Vacations announces it is on pace to sell 10,000 HOA-owned intervals in 2021 for its managed resorts that opted into their Guaranteed Sales program
Delivering an additional $22 million in Maintenance Fees in 2022 marking another year-over-year increase in the number of intervals sold on behalf of HOAs managed by Capital Vacations.
The additional maintenance fee revenue is extremely beneficial as most HOAs desire to improve the financial health and guest experience at their resort. With today’s challenges of rising costs and an aging owner base that result in an increase in non-performing intervals, most HOAs are forced to either increase maintenance fees or decrease services for the remaining owners.
However, the HOAs working with and managed by Capital Vacations do not face those same decisions because of the strong management and sales results Capital Vacations delivers on a yearly basis.
Ultimately, our sales program benefits the existing owners of the HOAs we work with the most by adding new dues-paying members to their Association thus keeping the individual maintenance fees at affordable levels while maintaining resort service levels.
- Travis Bary, COO
Capital Vacations will deliver an additional $22 million in Maintenance Fees in 2022 marking another year-over-year increase in the number of intervals sold on behalf of HOAs managed by Capital Vacations.
Capital Vacations Guaranteed Sales program handles all aspects of the sales process including reclaiming non-performing intervals on behalf of the HOA via deed-in-lieu and foreclosure efforts. The sales program has proven to increase collection rates, thus generating much-needed maintenance fee revenues for HOAs. Resorts leveraging Capital Vacations Guaranteed Sales program have seen as much as a thirty-one percent increase in their collection rate in a single year, providing a consistent stream of new owners to outpace delinquencies.
We are an innovative company with a keen eye on the needs of Legacy Timeshare resorts for both their needs of today and for the future. Capital Vacations is proud to offer a guaranteed revenue-enhancing program to our managed HOAs through sales, helping those resorts become, and remain, financially secure for decades to come.
- Travis Bary, COO
Management Services that are unique to the industry, like the Guaranteed Sales program, are at the core of Capital Vacations business practices. Management Services also include unique and complimentary programs such as the Guaranteed Rental Revenue program, positioning Capital Vacations to provide HOAs with a full-service, tailored model to address the needs of their resort. Even in 2020, while managing through the pandemic, Capital Vacations was able to exceed commitments made through the Guaranteed Sales program to its managed resorts by twelve percent while also delivering market-leading rental revenue via our Guaranteed Rental Revenue program.
Capital Vacations looks forward to continued success in the remainder of 2021 for the benefit of HOAs and owners.
About Capital Vacations:
Capital Vacations is one of the largest, and fastest-growing managers and developers of North American vacation interval resorts. Capital Vacations provides its customers with full-service, tailored hospitality management, flexible club sales programs, and vacation offerings. Capital Vacations is the trusted management provider for more than 70 associations and over 43 vacation club properties throughout the United States and the Caribbean. We are committed to assuring the health and safety of our staff, owners, and guests. To learn more about Capital Vacations contact Travis Bary, Chief Operating Officer at firstname.lastname@example.org, or visit CapitalVacations.com.