(Carl Cronan is editor of RealEstate Florida.)
ORLANDO, FL-The formation of Holiday Inn Club Vacations providesa boost of confidence to the nation's timeshare market, accordingto industry leaders. Intercontinental Hotels Group, which owns thetraditional hotel chain, launched the new venture with the Familyof Orange Lake Resorts during the company's annual conference lastweek.
The 2,412-villa Orange Lake property near Walt Disney World inLake Buena Vista, just west of Orlando, will be the first timeshareresort to carry Holiday Inn's familiar green flag and revampedlogo. The 1,400-acre site was developed in the early 1980s byKemmons Wilson, who also launched the Holiday Inn chain more than ahalf-century ago.
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