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As you know, CRDA delivers CRDA Insider direct to your inbox each Thursday, briefing you on the latest industry news that impacts your practice. But we know you are busy and may have missed an important article or two. To that end, here's your monthly recap of the top five stories your peers accessed this month. For more articles, or to see what's trending now, visit the CRDA Insider news portal. To unsubscribe from this monthly recap, click here.


CRDA announces new Chair
CRDA
The Canadian Resort Development Association (CRDA) announced that Ed Romanowski has assumed the position of Chair. "I am thrilled that this industry leader has stepped up his involvement in our association," notes Jon Zwickel, CRDA president and chief executive officer.
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Sunchaser Resort Timeshare owners are successful overturning judgment against them
Inside the Gate
In November 2013 a judge of the Supreme Court of British Columbia had decided that Northmont Resort Properties was entitled to unilaterally decide to undertake a $51 million renovation project at the Sunchaser Resort in Fairmont Hot Springs, and pass all of those costs onto the timeshare owners without any significant or meaningful consultation with the owners.
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Diamond Resorts International announces adoption of Rule 10b5-1 plans by Chairman and Vice-Chairman
Inside the Gate
Diamond Resorts International has announced that each of Stephen J. Cloobeck, Chairman of the Board, and Lowell D. Kraff, Vice Chairman of the Board, through their respective affiliates, has independently established a pre-arranged stock sale plan in accordance with the guidelines of Rule 10b5-1(c) under the Securities Exchange Act of 1934, and their insider trading policy.
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Interval Leisure Group authorizes share repurchase program
Inside the Gate
Interval Leisure Group (ILG) has announced that its Board of Directors has authorized a stock repurchase program that enables ILG to purchase up to $20 million of its common stock. ILG has completed purchases under its prior authorization.
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CRDA Conference Registration + Membership = Great Savings
CRDA
The Canadian Resort Conference will be held 23-24 September 2014 at Pantages, a Skyline Hotel that is just steps away from Downtown Toronto's art, entertainment and shopping districts, and is considered among the leading boutique hotels in the city. The annual conference, which alternates between locations in Eastern and Western Canada, will be extended from the previous one-day format into a two-day event comprising of a half day networking activity and a day and a half of debates and educational sessions, providing invaluable opportunities to spend time exploring business opportunities with Canadian and International attendees.
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Unlike companies that require upfront fees and other gimmicks that have plagued this industry time and time again. If the resort is successful, we are successful. If the owners are happy, we are happy.
 


 

CRDA Insider
Frank Humada, Director of Publishing, 289.695.5422
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Daniel Carelli, Content Editor, 289.695.5417   
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