Fractional Ownership News

Management company appointed at Tahoe fractional resort

ResortCom Elite, a joint venture with LaTour Signature Group that provides management services for luxury fractional real estate has been selected to manage Tonopalo, a l9-unit luxury private residence club in North Lake Tahoe. The club opened in 2003, selling 1/7th shares from $350,000 to $850,000. It is now sold out but resales are available.

“We were looking for a management company with both breadth and depth of experience in managing high-end vacation properties, and have found that in ResortCom,” said Lauri Steel, president of the Tonopalo Homeowners Association Board of Directors. “ResortCom really understands how fractional ownership is different from other kinds of resorts.”

Set in the Sierra Nevada Mountains, Tonopalo is located on a private 270-foot stretch of white sand beach. Each of the three- and four-bedroom, 1,700 to 3,000 square foot homes are fully furnished and accessorized.

“It does not surprise me how quickly Tonopalo sold out - it’s a great opportunity for anyone who wants to own a piece of the ‘playground of the Pacific West,’” said Tom LaTour, founder of LaTour Signature Group. “The club fits perfectly with our ResortCom Elite group of resorts. It offers exceptional amenities and services to its owners in picture-perfect Lake Tahoe.”

Owners at Tonopalo are able to enjoy the Tahoe’s numerous outdoor activities, including world-class skiing, championship golf, mountain biking, water sports and year-round fishing. The club features a wide sandy beach, 300-foot pier and luxury lakeside mountain lounge. Tonopalo’s unique amenities also include kayaks, sailboats, pool, hot tub, fitness center, game room, on-site concierge and housekeeping services and a 26-foot Formula speedboat.

Tonopalo’s 1/7th chapter ownership guarantees each owner six weeks of usage per year. Owners also have access to Space Available, a program that allows unlimited use of the property in addition to the six guaranteed weeks anytime there is a vacancy.

Tonopalo has been part of the ResortCom Elite family since 2008. In addition to Tonopalo, ResortCom Elite manages similar properties in different locations around the world. Through ResortCom’s Exchange programs, Tonopalo owners are able to exchange weeks with owners at other ResortCom Elite properties.

www.tonapalo.net

28/09/09

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