Also, Ladies, if you are interested in playing Bridge be sure to tell us that too!
Wednesday, May 6, 2009
Looking for a Tennis or Golf Partner?
If you are interested in finding a new partner for tennis or golf, just stop by the front desk at the Lake Club and leave your name and number. We are starting a Tennis and Golf Directory so that you may find a partner on your next visit to Bear Lake.
Monday, May 4, 2009
Construction Updates
The following dates will be observed as holidays and therefore, there will be no construction activity on property:
Memorial Day: 5/23 – 5/25
Independence Day: 7/3 – 7/5
Labor Day: 9/5 – 9/7
Thanksgiving: 11/26 – 11/29
Christmas: 12/24 – 12/27
New Years: 1/1 – 1/3
Memorial Day: 5/23 – 5/25
Independence Day: 7/3 – 7/5
Labor Day: 9/5 – 9/7
Thanksgiving: 11/26 – 11/29
Christmas: 12/24 – 12/27
New Years: 1/1 – 1/3
Summer Camp 2009
It’s time to answer your children’s pleas and sign them up for Bear Lake Reserve’s kid’s camp! We will accept a minimum of ten children and a maximum of fifteen so hurry and get your reservation in! The cut off date for reservations is June 12th.
Reservations can be made by calling 828-293-7414 or by emailing joey.dugas@terramesaresorts.com.
Cancellation Policy:
Reservations can be made by calling 828-293-7414 or by emailing joey.dugas@terramesaresorts.com.
Cancellation Policy:
Payment must be made in full at the time of the reservation.
If reservation is canceled more than 30 days in advance, full payment will be returned.
If reservation is canceled between 30 days and 7 days in advance, 50% of the payment will be retained.
If reservation is canceled less than 7 days in advance, full payment will be retained.
Wednesday, April 29, 2009
Owners' Event 11:30 a.m. Saturday May 9th
Let’s Gather to Celebrate Motherhood
We'll Share Memories and Encouragements
We'll Share Memories and Encouragements
Saturday, May 9th our mothers will be treated to mimosas and chair massages.Come prepared to share a selection of poetry, prose or your favorite Mother’s Day Card...whatever speaks to your heart about the joys and challenges of being a mother or the blessing that your mother was for you.
During this time together Betsy Keller will speak to us about Energy Healing. She will teach a 5-minute routine that stimulates the immune system, enhances memory, increases vitality and brings more joy to a woman’s life.
Bring a picture of yourself as a young mother with your children. If you are STILL a young mother, bring a picture of you as a child with YOUR mother. We’ll do some guessing and award a prize.
Then you will have an opportunity to step outside that “mother” role and we’ll watch Mama Mia in the theater. We’ll sing and dance and have a great time. If you saved one of those outfits from your “Hippie” past (and can still wear it) bring it with you. If not, check the internet for costume rental. It will be great fun.
RSVP to Kathy Sluder (828) 293-3864 kathy.sluder@terramesaresorts.com
Tuesday, April 21, 2009
Communication from Terramesa
Memorandum April 2009
To the owners, friends and staff members of the Terramesa Resorts,
The recent economic meltdown has affected many resorts. The properties of the Terramesa MDR Resorts LP are not immune from these unprecedented market forces. We are increasing our communications with our investors during this time of volatility as we navigate some significant challenges. We are persevering and will continue to do so on behalf of our property owners, equity investors, lenders, professionals, staff, vendors and the communities we so enjoy building together.
We invested in the Centex resorts at good price points and we believe these properties will survive the downturn and emerge with solid performance relative to other similar resorts. This said, it is not new information to recognize that the market for second homes is lagging. In spite of the market, our sales teams are still seeing activity and interest in the properties. As positive as this news is, the sales progress to date has not kept pace with the original business plan. We believe this is a short-term challenge that we can overcome. Specifically, we are working together to renegotiate with our senior and mezzanine lenders to restructure the loans underpinning our investments.
While our conversations with all lenders involved are collaborative and constructive, it is possible that some parties will take steps involving various types of notices and will probably involve their legal counsel. These negotiations will likely happen behind the scenes, but some may surface publicly. This, while alarming, is a normal step in the process of restructuring as the lenders retrench their positions. The banks and mezzanine lender have all indicated a willingness to work with us to restructure and move forward together. We, along with our investors and lenders, are committed to overcoming these challenges.
In light of the economic environment and slow sales, we will be implementing land development reductions in budgets and staffing over the next two to three weeks. It is important to note that we will be continuing to serve our owners with hospitality services and amenities. While we will be evaluating the hospitality budgets, we don’t currently anticipate making significant changes.
Our resort communities have proven to be unique and continue to be desired by discerning resort property owners in spite of the current economic conditions. We expect our resorts to continue to operate with excellence and we’ll share more information as we move forward.
Sincerely,
Terramesa Resort Properties
To the owners, friends and staff members of the Terramesa Resorts,
The recent economic meltdown has affected many resorts. The properties of the Terramesa MDR Resorts LP are not immune from these unprecedented market forces. We are increasing our communications with our investors during this time of volatility as we navigate some significant challenges. We are persevering and will continue to do so on behalf of our property owners, equity investors, lenders, professionals, staff, vendors and the communities we so enjoy building together.
We invested in the Centex resorts at good price points and we believe these properties will survive the downturn and emerge with solid performance relative to other similar resorts. This said, it is not new information to recognize that the market for second homes is lagging. In spite of the market, our sales teams are still seeing activity and interest in the properties. As positive as this news is, the sales progress to date has not kept pace with the original business plan. We believe this is a short-term challenge that we can overcome. Specifically, we are working together to renegotiate with our senior and mezzanine lenders to restructure the loans underpinning our investments.
While our conversations with all lenders involved are collaborative and constructive, it is possible that some parties will take steps involving various types of notices and will probably involve their legal counsel. These negotiations will likely happen behind the scenes, but some may surface publicly. This, while alarming, is a normal step in the process of restructuring as the lenders retrench their positions. The banks and mezzanine lender have all indicated a willingness to work with us to restructure and move forward together. We, along with our investors and lenders, are committed to overcoming these challenges.
In light of the economic environment and slow sales, we will be implementing land development reductions in budgets and staffing over the next two to three weeks. It is important to note that we will be continuing to serve our owners with hospitality services and amenities. While we will be evaluating the hospitality budgets, we don’t currently anticipate making significant changes.
Our resort communities have proven to be unique and continue to be desired by discerning resort property owners in spite of the current economic conditions. We expect our resorts to continue to operate with excellence and we’ll share more information as we move forward.
Sincerely,
Terramesa Resort Properties
Monday, April 20, 2009
Thursday, April 9, 2009
4 Opportunities Each Year to Have Temporary Membership Fees Waived For Your Guests
On Saturday, April 4th owners met together at the Lake Club for the second time this year in an open forum. Temporary Membership fees were discussed and the policy was tweaked a bit to implement ideas presented.
It was decided that each year an owner will have 4 opportunities to have the $13 per day Temporary Membership fee waived for their extended family members or guests that have been invited to stay in their Bear Lake home. This does not apply to persons that are RENTING your home. The Temporary Membership Agreement will still need to be signed and processed 72 hours before arrival to satisfy the NC Alcohol and Beverage Control Commission. Your guests can pick up their Temporary Membership cards at the Lake Club.
Be sure to notify Membership Services Director Kathy Sluder at (828) 293-3864 that you would like to take advantage of this opportunity to avoid confusion concerning paying the fee when your guests arrive. It you need a copy of the Temporary Membership Agreement it can be obtained at the link above.
It was decided that each year an owner will have 4 opportunities to have the $13 per day Temporary Membership fee waived for their extended family members or guests that have been invited to stay in their Bear Lake home. This does not apply to persons that are RENTING your home. The Temporary Membership Agreement will still need to be signed and processed 72 hours before arrival to satisfy the NC Alcohol and Beverage Control Commission. Your guests can pick up their Temporary Membership cards at the Lake Club.
Be sure to notify Membership Services Director Kathy Sluder at (828) 293-3864 that you would like to take advantage of this opportunity to avoid confusion concerning paying the fee when your guests arrive. It you need a copy of the Temporary Membership Agreement it can be obtained at the link above.
Subscribe to:
Posts (Atom)
