ILX buys timeshare units at 2 properties in Valley

Started by Newshound, March 12, 2004, 16:40:17

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ILX buys timeshare units at 2 properties in Valley.

Phoenix-based timeshare operator ILX Resorts Inc. announced Thursday that it has agreed to acquire 988 two-bedroom intervals (19 units) and available land for a minimum of 20 more units (1,040 intervals) at Rancho MaƱana Resort in Cave Creek. It also acquired 150 timeshare intervals (two- and three-bedroom units) at the Scottsdale Camelback Resort, ILX said in a written statement.

"We anticipate annexing these properties to Premiere Vacation Club in the second quarter 2004," Joe Martori, chairman and CEO of ILX, said in the statement.

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