Real Estate Investment | Asset Management
Strategies for Repositioning Resorts
Everest NightBridge - Capital for Legacy Resorts
The Owners of mature, “legacy” timeshare resorts find themselves facing a host of challenges to sustaining the financial health of their HOA and the operations of their resort. They need to make critical decisions about the future of their property, and for themselves personally, identifying the best way forward. Is the wisest decision to keep their resort operating as is, or shrink the timeshare program to match a declining Owner base, or possibly to harvest the benefits of many years of ownership and sell the entire project?
Who we are
Everest Nightbridge (“EN”) is an affiliate of Everest Properties. Everest has a 25-year history of having invested in excess of $200,000,000 in more than 650 shared-ownership entities. EN brings to legacy resorts a compelling combination of both its capital and reputable track record of optimizing outcomes for the Owners of complex properties like timeshare resorts. Everest’s partner, Joe Mitchell, enhances EN’s capabilities by adding his distinguished expertise in fractional ownership, resort development, and asset sales.
What we do
Everest Nightbridge partners with timeshare Boards, Owners, and resort managers to re-organize, renovate, reposition, and if appropriate sell legacy resorts. In addition to capital, EN has the capability to provide exceptional experience in virtually every aspect of asset management: legal, property re-positioning, operations, financing, and property dispositions. Our investments are structured to meet the needs of each resort, reflecting our understanding that every resort’s situation is unique and achieving the best results for Owners requires close collaboration between EN, Boards, and property managers.
Capital Uses
Legal and consulting fees
Revising timeshare governing documents
Purchase and buyback of intervals
Proxy solicitations and Owner votes
Property renovations and upgrades
Operating losses
HOA termination and windup
GETTING STARTED
So, how to begin? It’s simple - tell us your story. The challenges a resort is facing may be difficult, the solutions complex and costly, but the first step is easy, and free. Call or email, describe your resorts situation and what you need and we’ll take a look. If we can be of help, we’ll sign agreements assuring that everything you tell us and all the information you give us will be kept strictly confidential. From there, we’ll thoroughly evaluate your situation, ask a lot of questions, and come back to you with an action plan.
Allow EVEREST NIGHTBRIDGE to CRAFT A WINNING SOLUTION FOR YOU!
Dan Baker, President
626.585.5920 ext. 226
Cell: (818) 384-0925
baker@everestnightbridge.com
Joe Mitchell, Principal
Cell: (415) 823-5627
mitchell@everestnightbridge.com