Following the November, 2017 announcement of the new ownership transition, Club Exploria LLC, backed by Cerberus Capital Management, L.P. announced earlier this month that an Exploria Resorts branded northeast Sales Center is scheduled to open this May in the Pocono Mountains of Pennsylvania and that the 618 unit Villas at Treetops and Fairway vacation ownership resort will be rebranded to Pocono Mountain Villas by Exploria Resorts in the spring of this year. The addition of the Pennsylvania Sales Center and the rebranding of the resort there to Pocono Mountain Villas by Exploria Resorts expands the Exploria Resorts collection of resorts and hotels from Florida, Tennessee, and Missouri to now include Pennsylvania, adding a geographic location with a rich drive in market from the northeast. This new Sales Center will provide a key platform from which to showcase vacation ownership opportunities with Club Exploria, the brand’s vacation ownership club, to consumers vacationing from the New York metropolitan and tri-state area. Exploria Resorts currently serves a worldwide ownership base of over 65,000 in popular vacation destinations such as Daytona Beach, FL, Gatlinburg, TN, and Orlando, FL. With the addition of the Pennsylvania resort, the ownership base will exceed 85,000.
About Cerberus Capital Management, L.P.
Established in 1992, Cerberus Capital Management, L.P. is one of the world’s leading private investment firms. Cerberus has more than US $30 billion under management invested in three complementary strategies: global credit opportunities, private equity, and real estate. From its headquarters in New York City and network of affiliate and advisory offices in the U.S., Europe, and Asia, Cerberus has the on-the-ground presence to invest in multiple asset classes globally.
About Club Exploria LLC and Exploria Resorts
Club Exploria LLC and the Exploria Resorts brand are built upon more than 20 years of proven success as a diversified hospitality, development, and management company. With approximately 700 employees, the Exploria Resorts brand is represented in three primary marketing and sales operations to support the collection of resorts and hotels in Florida, Tennessee, and Missouri. The Exploria Resorts flagship property, Summer Bay Orlando in Orlando, FL, located in the Walt Disney World® Resort area, was established in 1995. The 400+ acre property is situated on a 64-acre spring-fed lake and includes a mix of 721 villa, condo, and individual home floor plans.