KIMBERLING INN AND RESORT - Kimberlng City, MO

Just returned from Missouri and drove through Kimberling Inn, it appears only two or the motel type units were damaged in the tornado. I looked at all the other condos and they seemed fine. Stay tuned for pictures. I just wondering if they are intending to rebuild the motel type or assess the owners to build nice new townhomes. I wil be forwarding information to my Kimberling Inn clients.

Special Assessments

The fire at Silverleaf's Oak n Spruce should be a concern for all of Silverleaf's points owners. As part of the points program you can be assessed to rebuild the fire damaged units.
If you are a deed owner you are safe because you can only be assessed if you have your deed at Oak n Spruce.
Another concern should be all the Silverleaf Resorts that are part of the pet friendly policy, it's OK if you own a pet but should you really be assessed for someone else's pet. Her is a list of Silverleaf Pet Friendly Resorts:

– Silverleaf’s Fox River Resort – Sheridan, Illinois, United States
– Silverleaf’s Hill Country Resort – Canyon Lake, Texas, United States
– Silverleaf’s Holiday Hills – Branson, Missouri, United States
– Silverleaf’s Holly Lake Ranch – Holly Lake Ranch, Texas, United States
– Silverleaf’s Lake O’ the Woods – Flint, Texas, United States
– Silverleaf’s Oak ‘n Spruce – South Lee, Massachusetts, United States
– Silverleaf’s Ozark Mountain Resort – Kimberling City, Missouri, United States
– Silverleaf’s Piney Shores Resort – Conroe, Texas, United States
– Silverleaf’s Seaside Resort – Galveston, Texas, United States
– Silverleaf’s Timber Creek Resort – Desoto, Missouri, United States
– Silverleaf’s Villages – Flint, Texas, United States

Silverleaf Resorts being Sold

Click the headline to read the entire story, Silverleaf owners may be looking at more fees and assessments.

 

Press Release Source: Silverleaf Resorts, Inc. On Thursday February 3, 2011, 6:56 pm EST

DALLAS--(BUSINESS WIRE)-- Silverleaf Resorts, Inc. (NASDAQ:SVLF - News), a leader in the development, marketing and operation of timeshare resorts, announced today that it has entered into a definitive agreement to be acquired by SL Resort Holdings Inc., an affiliate of Cerberus Capital Management, L.P. (“Cerberus”).


The transaction has been approved by Silverleaf’s Board of Directors, and the Board will be recommending that Silverleaf’s shareholders approve the transaction. Under the agreement, Silverleaf shareholders will receive, at the closing, $2.50 in cash for each share of Silverleaf common stock they own, representing a premium of approximately 75% based on the closing trading price of $1.43 of Silverleaf common stock on February 3, 2011. Cerberus has agreed to provide equity financing for the full amount of the merger consideration.


Thomas Morris, Executive Vice President – Capital Markets and Strategic Planning of Silverleaf said, “Our Board of Directors and our management team believe that following a review of strategic alternatives this merger transaction is the best approach to maximize shareholder value and is in the best interests of Silverleaf’s shareholders, timeshare owners, and employees. We look forward to working with Cerberus to effect a smooth transition.”

Special Assessments

Many resort owners are finding yet another bill for special assessments in their mailbox. If you will remember, your salesperson told you while you toured, that your annual maint fees go toward keeping the resort "looking as good in 10 years as it does today" well that is a lie. All resorts pitch this, then they skim over all the fine print in the "button up" process.
You can use the things you were told during the presentation against them and get your money back. Email me today notimeshare@gmail.com