World Class Resort Club
Article submitted by:
Richard S. Wolf
Mountain Bikers Almanac
31 May 1996
World Class Resorts is one of the oldest and largest Timeshare Vacation
Ownership clubs in the world, it was established in 1981 and its success
and popularity are due to its enormous flexibility, discounted resale pricing,
and member operated and controlled Association. The Club is considered
to be sold out and memberships only available from the Association, lender
foreclosures, or on a resale basis from other members.
The club presently owns, free and clear, 5 resorts in total; these
include the Eagle's Nest Resort at Lake Tahoe, NV, Bandera Homestead (near
San Antonio, TX), Palm Bay Resort in Daytona Shores, FL, a resort in the
Dominican Republic and several condos in Lakeland Florida. The Club has
both annual and biennial (every other year) memberships. Several of the
resorts have the RCI Resort of International Distinction award.
Membership in the Club is in perpetuity and the Association holds
title to the real properties. Members may use, give rent, trade, will,
or sell their membership. Taxes are included in the annual assessments.
Various size units ranging from studio suites to 3 bedroom condo's
are available, and are priced accordingly. The only units for sale are
those owned by the Association or lender's foreclosures.
Members may reserve any week of the year at any of the 5 resorts
(Christmas and New Year's weeks excluded in Lake Tahoe only). Reservations
can be made as much as 1 year to the day in advance. In addition, members
may rent unlimited time at the 5 resorts through Bonus Time on a space
Exchange is through Resort Condominiums International or by Direct
Exchange through C.A.R.E. Many other travel benefits, savings, and opportunities
are also available through membership in World Class Resorts.
An annual (or biennial) non-profitassessment of approximately $350
is charged to each member (half to biennial Memberss) to pay utilities,
support staff, activities, on-going and future maintenance and replacement.
This fee also covers insurance, property taxes, and reserve funds.
Currently there are close to 9,000 active memberships in World Class
Resorts with members in 49 states and 20 different countries.