Many of the World’s Firsts!
Over the years many of the industry’s best and brightest made their impact on the shared ownership industry. Some of the world’s first successful shared ownership real estate ventures involved Carl Berry and his team.
Timesharing: where did it come from? During early 1972 as Berry and his team made presentation after presentation to lenders, title companies, advertising firms, publications, (any one who would listen) they continued to see eyes glaze over as we tried to explain ”multiple ownership”. Reading the Wall Street Journal in a cab on the way to a meeting in LA with an ad group Carl Berry saw an article about some bank offering timesharing on their mainframe computer. Twenty minutes later he gave the name a try. Timesharing. It stuck. The California Public Report cited that name and, as they say, the rest is history.
2010
Re-launch of Dye Villas, Barefoot Resort, Myrtle Beach, South Carolina home to four signature championship golf courses: a Dye, Norman, Love and Fazio. Fractional owners get a membership in the private Pete Dye course.
2009
Launch of The Residence Club at Whitefish Lake in Whitefish, Montana adjacent to the luxury Lodge at Whitefish Lake; the only new start of a fractional project in 2009.
2008
Debut of SMART
Star Marketability Assessment Report (SMART) to provides real-world information to the developer at a cost less than the traditional feasibility study, and which is written from the viewpoint of principals who have been on the front lines in developing, marketing and selling high-end fractional interests. Learn more about SMART.
Anabui Residence Club (Aruba)
Located at the heart of Tierra del Sol Resort, Spa & Country Club Anabui is Aruba’s First and Only Private Residence Club.
Situated on Aruba's rugged and picturesque northwest tip, Tierra del Sol is a private and serene golf course community of stunning natural and man-made beauty.
Cape Codder Residence Club
Located on the site of the award-winning Cape Codder Resort & Spa in Hyannis, the Cape Codder Residence Club included fifteen spacious, luxuriously appointed two and three bedroom residences.
2007
Mt. Superior Residence Club
16 very luxurious three and four bedroom condos, ski out and ski in; first for-sale construction in Snowbird in 25 years.
Freestone Inn
Methow Valley, Washington State, Early Winters Cabins
Vallarta Gardens (Puerto Vallarta)
The quiet retreat features private owners-only dining first-class private spa, tennis and small boat moorage.
Debut of ASPIRE
The initiation of a comprehensive site potential including inspection, review and evaluation. Learn more about ASPIRE...
2006
Star Resort Group, headed by Carl Berry, agrees to market and sell Meriwether Ranch, the first luxury fractional project with a focus on world class fly fishing.
2005
Expedition Lodge, Kirkwood, CA are three and four bedroom luxury condominiums; Phase One sold for an aggregate of $50 million. Kirkwood, south of Lake Tahoe's South Shore features the best snow in the Sierras.
Purgatory Lodge, Durango, CO features ski-out and ski-in residences with a choice of a private residence club or luxury fractions. Phase One sold for an aggregate of $50 million.
2004
Robles del Rio Lodge, Carmel Valley, CA conversion of historic resort to a condominium hotel managed by the Kimpton Group.
2002
Carl Berry founded the World's Finest Resorts, an exchange company designed to serve the luxury fractional market. It became the first successful company of its type, and was sold to Cendant in 2005.
1996
The Manhattan Club; beginning in 1994 Carl and his partners sought the right mid-town property, which they found in 1995 and began sales in 1996. It is now sold out. The Manhattan Club is the world's largest urban timeshare.
1993
Powell Place San Francisco, CA 33-unit Urban Timeshare Condominium.
1987
In Sunriver, OR, Berry was involved in the sale of single homes which were sold on a 1/5th share.
1982
Jackson Court, San Francisco, first urban timeshare project in the world. The property was predecessor to San Francisco Suites on Nob Hill, this was a B & B that Berry’s group sold. It is still serving its owners.
1976
Innisfree went private from Hyatt. It designed the first hotel timeshare project in the world: Holiday Clubs International, a venture of Innisfree Companies and Holiday Inns, Inc. The framework was more of what would be called an advanced reservations program: 50% of rack rate, using 32 company owned hotels from Bermuda to Hawaii. The program provided an underlying guarantee that members could use the hotels for the term of the use period. Holiday bought Innisfree’s interest in early 80s, and ran the program out of Vegas until Holiday Inns was sold to Bass LLC in the late 1980s. In 2008 Orange Lake Country Club, major timeshare resort in Orlando announced a venture with Holiday Inns, now owned by Intercontinental Hotels for a club product.
1975
Berry’s group developed the world’s first mixed-use timeshare project: Vail Run, incorporating apartments and retail space. Still there and serving its owners.
1974
Dick Bass began the first large-scale project at Snowbird which is still in operation today. His lawyer used the template of Berry’s group’s “docs.”
1972
When Centex bought Pacific Palisades and Foster City a change of direction took place. The decision was not to build condos to “sell to more than one person”. Berry joined a subsidiary of Hyatt, Innisfree Corporation. He convinced them to see if a condo sold to more than one person could gain the approval of the California Division of Real Estate, have title insurance issued and offer financing. In November, a ground breaking event occurred. Berry’s group received a California public report for the development and sales of two-week interests at Brockway Springs, Lake Tahoe, CA. This was the first fee ownership "timeshare" in the world. It still exists and is serving owners to this day. The group was determined to ‘do it right’ which meant California public report, title insurance, financing, all accomplished for Brockway Springs. It set the standard for the future.
1969
Carl Berry founded Creative Leisure International, the first company to organize off shore condos for rent through travel agents and airlines, in Hawaii [association with United Airlines], Mexico [with Braniff & Eastern Airlines], and Caribbean [with Eastern Airlines]. The enterprise was backed by Clint Murchison [Dallas Cowboys] via Centex Homes, to provide individuals with condo vacations; people paid their own way to see the company's condos which were then sold to more than one person.
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