New timeshare in Perth Australia

Australia's leading timeshare company, Accor Première Vacation Club (APVC) has announced they had unconditionally contracted to purchase 59 apartments at Busselton Bungalows from Westralia Property Management Ltd for a price in excess of $11 million, with a proposed settlement date of August 16th 2006.

This acquisition increases APVC’s investment Australian and New Zealand tourism property to over $68 million.

The fully self-contained studios, 2 and 3 bedroom apartments will undergo a soft furniture refurbishment to upgrade the accommodation and facilities to 4½ star standard.

The resort, situated on the beachfront at Geographe Bay, 2.5 hours drive south of Perth, offers an extensive range of facilities including indoor and outdoor pools, two tennis and two squash courts, a gym and games room.

The property is to be re-branded to a Grand Mercure Resort, managed by APVC Resort Operations Division and will be available for APVC members as well as non-members, who will be able to book rooms on a nightly basis via normal distribution channels and Accor’s reservations systems.

APVC is well on track to record an impressive 2006 bottom line - with forecasts predicting over $100 million in gross revenue.

The current 15,000 member-base is growing at the rate of 6,000 per year and the anticipated growth for the total memberships is a doubling in the next two years. APVC is projected to employ over 1,000 nationwide the end of 2006.

Accor Première Vacation Club is a joint venture established between hotel operator Accor Asia Pacific and property developer Becton Corporation. The Club has been operating in Australia since 2000, with over 15,000 members who utilise the benefits of its flexible Holiday Ownership system in Australia, New Zealand and around the globe.

Accor’s Grand Mercure brand is a collection of distinctive boutique hotels and apartment complexes, each with their own individual style. Properties are selected for their distinctive style and character and reflection of local influences.

Accor currently operates 23 Grand Mercure properties in the Asia Pacific region.

...timeshare in Australia. Perth is very beautiful...

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