Thursday, March 16, 2006
Blixseth Hires Hotel Veteran To Run High-End Timeshare Resort
Forbes 400 member Timothy Blixseth has hired a top Hilton Hotels executive, Dieter Huckestein, to run his new Yellowstone Club World, perhaps the highest priced vacation timeshare resort club to date. Blixseth, a timber baron who owns the Yellowstone Club, a private ski-and-golf-community in Montana, joined the Forbes 400 at number 346 in 2005 with a net worth of $1 billion.
He has purchased nine timeshare resort locations around the world for the Yellowstone Club World including two chateaux in France, a private golf course in Scotland and beachfront property north of Manzanillo, Mexico. He plans to add one more for a total of ten timeshare resorts. Members can stay in one of the resorts, and use the private plane or one of two yachts.
The first 100 Yellowstone Club World memberships will sell for a one-time fee of between $3 million and $4.5 million, depending when they're purchased. The number of members will likely be capped at 150, says Blixseth. Existing members of the Yellowstone Club in Montana can purchase Club World memberships for a bargain price of between $1.5 million to $2.25 million. Blixseth says he is spending around $350 million to purchase and build out or refurbish the properties for his World Club.
He has purchased nine timeshare resort locations around the world for the Yellowstone Club World including two chateaux in France, a private golf course in Scotland and beachfront property north of Manzanillo, Mexico. He plans to add one more for a total of ten timeshare resorts. Members can stay in one of the resorts, and use the private plane or one of two yachts.
The first 100 Yellowstone Club World memberships will sell for a one-time fee of between $3 million and $4.5 million, depending when they're purchased. The number of members will likely be capped at 150, says Blixseth. Existing members of the Yellowstone Club in Montana can purchase Club World memberships for a bargain price of between $1.5 million to $2.25 million. Blixseth says he is spending around $350 million to purchase and build out or refurbish the properties for his World Club.
# posted by John @ 4:25 AM 
