Legacy Resort Solutions - Revive Revenue, Profitability, and Management

Is the resort lost in trying to save itself and becoming a liability to its owners?

The LRS Team has dealt with everything from rogue property managers and developers who aren’t looking out for the association’s best interest to assisting ethical property managers and developers. Oftentimes property managers or developers have an inability to help due to a lack of resources and experience.

Receive a No-Cost Evaluation of Your Resort Today.

Teetering on Bankruptcy?

Get effective help and solutions from an experienced team with a financial backing.

Telling Signs Not to be Ignored

Resort using special assessments just to pay the bills with no strategy to fix issues?
Using next year’s money to pay for this year’s issues?
Not foreclosing because you can’t afford it
Units out of repair for an extended period of time?
Failing to plan 3 years ahead?
Owner feedback not being measured?

Budgets Not Matching Reality?

Your initial evaluation provides an analysis with solutions at no-cost.

Oftentimes property management prepares budgets for the board to sign off on and the board is taken advantage of. Best practice is to compare the prior three years prospective budgets with year-end accounting.

Get your no-cost, factual evaluation for clarity on the resort’s current position and available legal solutions.

Is Your Delinquency Rate too High?

Our team is equipped with the resources and streamlined processes that you need, at a fraction of the cost.

A delinquency rate between 10%-20% delinquency is a warning sign, anything higher is not sustainable. At this point, a board may need to consider other options such as reevaluating the resort, transitioning the property, right-sizing, foreclosures or similar.

Delinquencies should not be overlooked due to a lack of resources or funds. There are viable options.

Inventory Recovery Benefits with Minimum Legal Exposure Cost

Tried and True Processes Developed by Industry Experience

45 years Experience

With over 45 years of combined experience, we are one of the leading firms in the industry providing ailing resorts with advanced services to revive revenue streams, profitability, and effective management of resorts.

Results Driven

Decades of experience allow us to deliver much-needed results for both HOAs and Developers alike. We arm our clients with industry-leading, cost-effective solutions and services to bring their aged operations into the 21st century.

Professional Team

The executive team has experience as acting general council for numerous timeshare projects, recovering of inventory, restructuring portfolios, right-sizing conversions, marketing, procuring investment funds, developing and implementing effective operational and sales structure with a tech-forward approach.

Ailing Resort Solutions

Solutions to manage and structure timeshare portfolios in a more profitable and productive manner.

Investor Procurement

LRS understands the difficulties that legacy resorts face. Declines in maintenance fee paying owners, limited staff, unresponsive, and underperforming property management are common issues that result in strained revenue streams. LRS has experience in procuring much-needed investment funds from partners to pull an ailing resort out of dire conditions. These investments have aided in replenished inventory, restructuring of portfolios, and converting timeshare units into condos for sale as vacation rentals on previous projects.

Restructuring / Rightsizing

LRS provides services to developers and HOAs that are experiencing declining sales, assessment collection problems, aging facilities, or other cash flow challenges. By restructuring the resort or liquidating non-performing weeks, our agency has helped clients find new value and opportunities in aging properties and new sources of revenue for resorts in need of additional cash flow.

Timeshare Project Termination

For various reasons, associations or developers may wish to terminate the timeshare development. We can assist with the winding down of associations and resorts along with walking clients through the necessary steps to properly terminate.

DIL Settlements and Deedback Agreements

We offer several programs to obtain deeds back at minimal cost to associations and developers. The LRS team has experience with bankruptcies, delinquent owners, and collection agencies where the client obtained deeds back quickly and efficiently.

Affordable Non-Judicial Foreclosure

The LRS team has handled thousands of non-judicial timeshare foreclosures. We understand the complexities of the foreclosure process and use our experience to effectively communicate with delinquent owners, process notices, and foreclose on unpaid weeks. Contact us for a free quote on your next project.

Timeshare Registration

Our team can provide efficient, streamlined timeshare registration processes that will meet the requirements of all local and state laws, ordinances, and regulations involving the registration of your timeshare development.

General Corporate & Regulatory Law

The LRS team has consulted timeshare developers and associations through numerous projects from acquisition and sales to the documentation of resort developments with the DBPR and other necessary Florida entities. Furthermore, we have experience in winding down resorts and terminating their timeshare plans.

Operational Solutions

Restructure & Right Size Solutions

Experiencing declining sales, assessment collection problems, aging facilities and/or cash flow challenges? Restructuring or liquidating assets can create new value for aging properties and new sources of profit from development projects with unsustainable business models.

Our one-stop shop provides our clients with any service that may be needed for a timeshare project conversion. Dated timeshare projects with restricted reserves and limited resources can find themselves in a profitable position within as little as 6 months. This is accomplished via the method of a modern project plan with a newfound ability to sell full ownership condos, renovated timeshare units and nightly vacation rentals.