In what qualifies as a punch in the gut to the Ritz-Carlton's reputation in Colorado's high country, 68% of timeshare owners at the Ritz-Carlton Bachelor Gulch Destination Club at the base of Beaver Creek voted to sever ties with the Ritz and hand management of the 54-unit timeshare over to Timbers Resorts, an operation down the valley from Aspen. Owners were apparently up in arms when the Ritz, which had had to close two of its Destination Club hotels in Hawaii and the Bahamas due to "deteriorating conditions," tried to supplement its smaller list of top-tier luxury properties with lower-tier Marriot properties, which they claimed would lower the investment value of their timeshares.
By signing up with The Timbers, Bachelor Gulch timeshare owners will now have access to the Sebastian in Vail, the Dancing Bear in Aspen, and One Steamboat Place in Colorado along with properties in Arizona, Tuscany, Ireland, and Cabo San Lucas, which they think will help keep the value of their timeshare up. Meanwhile, the Ritz at Bachelor Gulch, which is a connected building and went into foreclosure in 2011, will maintain its hotel management under the Ritz brand.
· Bachelor Gulch HOA votes Ritz-Carlton out [Vail Business Journal]