ILX Resorts Incorporated

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International Guild of Hospitality & Restaurant Managers

ILX Resorts Incorporated (ILX)

ILX Resorts Incorporated, founded in 1986, is a developer, marketer and operator of timeshare resorts in the western United States . The Company's principal operations consist of acquiring, developing and operating timeshare resorts, which it markets as vacation ownership resorts; marketing and selling vacation ownership interests in the timeshare resorts, which typically have entitled the buyers thereof to ownership of a fully furnished unit for a one-week period on either an annual or an alternate-year basis (Vacation Ownership Interests), and providing purchase money financing to the buyers of Vacation Ownership Interests at its resorts. The Company's portfolio of resorts consists of six resorts in Arizona , one in Indiana, one in Colorado , one in San Carlos , Mexico , and land adjacent to an existing resort for which it holds development rights. Vacation Ownership Interests in individual ILX Resorts and in Premiere Vacation Club may be exchanged for stays at other resorts through the major national exchange networks in which ILX owners may participate, including Resort Condominiums International (RCI) and Interval International.

Los Abrigados Resort & Spa

Los Abrigados Resort & Spa is located in Sedona , Arizona , approximately 110 miles from Phoenix , Arizona . This resort consists of 175 units situated on approximately 20 acres of lush landscaping and Spanish-styled plazas, winding walkways and bridges. Los Abrigados offers one- and two-bedroom units, each with a separate living area, bedroom, mini-kitchen and balcony or patio. In addition, 20 suites offer a fireplace and whirlpool spa. Nine units feature full kitchenettes. Los Abrigados is designed in southwestern decor, and is surrounded by the red rocks of Oak Creek Canyon . This resort has an on-site sales office.

The Inn at Los Abrigados

The Inn at Los Abrigados is located in Sedona , Arizona , approximately 110 miles from Phoenix , Arizona . This resort consists of 10 units adjacent to Los Abrigados. The Inn at Los Abrigados includes the main Morris House and nine bed-and-breakfast-style units in three buildings situated amidst a former apple orchard. The Morris House is a multi-level luxury suite sleeping six, and features a sunken living room, full kitchen with dining area, a loft, two full bathrooms and a private backyard with patio and barbecue. The bed-and-breakfast-style units each feature king-size beds, a sitting area, microwave, refrigerator, coffee maker, full bath with shower and balcony or patio. Guests of the inn have charge privileges at and full use of all Los Abrigados amenities.

Kohl's Ranch Lodge

Kohl's Ranch is a 10.5-acre property located approximately 105 miles from Phoenix , Arizona . It is bordered on the eastern side by Tonto Creek and is surrounded by the Tonto National Forest . Kohl's Ranch consists of 64 units. Forty-one of the units are at the main lodge. Twenty units consist of one- and two-bedroom cabins along Tonto Creek, and three units are part of a triplex cabin. This resort also has an on-site sales office.

Roundhouse Resort

In December 1997, the Company acquired the development rights to the Roundhouse Resort, a 59-unit timeshare resort located on 9.5 acres in the White Mountains of northeastern Arizona . The resort is an RCI resort, and is proximate to golf courses, skiing, horseback riding and other outdoor activities. At an elevation of 7,200 feet, the Roundhouse Resort is set in a location that offers four seasons, a distinct contrast to Arizona 's arid lowlands.

The Historic Crag's Lodge at the Golden Eagle Resort

The Historic Crag's Lodge at the Golden Eagle Resort is a four-acre property located in the town of Estes Park, Colorado, within three miles of Rocky Mountain National Park and approximately 70 miles from Denver, Colorado. This resort consists of 33 units. It is bounded generally by undeveloped forested mountainside land, which provides mountain views from the resort.

Bell Rock Inn

In December 2000, the Company acquired the Bell Rock Inn, an existing resort in the Village of Oak Creek, Arizona. The property is located approximately six miles south of Los Abrigados Resort & Spa and consists of 96 lodging units, most of which include a fireplace and mini-kitchen facilities. The Bell Rock Inn has a full-service restaurant and lounge, with a large outdoor dining patio, two heated pools, two whirlpool spas, outdoor fireplaces and banquet/meeting space. The Company is operating the property as a traditional resort, including providing accommodations for customers invited to attend a vacation ownership presentation at its Sedona sales office. The Company intends to initially register 96 studio Vacation Ownership Interests in the Bell Rock Inn to Premiere Vacation Club.

Los Abrigados Lodge

In September 2000, the Company entered into an agreement to lease an existing motel in Sedona, Arizona, commencing October 1, 2000 and terminating on December 31, 2021. The lessor was required to remodel and refurbish the existing project, previously known as the Canyon Portal Motel, as well as construct additional units at the complex. The Company renamed the property the Los Abrigados Lodge. The property is used for hotel accommodations, including accommodations for customers invited to attend a vacation ownership presentation at the Company's Sedona sales office. As of December 31, 2001, this resort contained 39 units. These units are not offered for sale as Vacation Ownership Interests.

VCA-South Bend

The Company's first Varsity Clubs of America (VCA) facility is an approximately four-acre property located three miles from the University of Notre Dame and Notre Dame Stadium in South Bend, Indiana. VCA-South Bend offers 62 units, consisting of studio, one- and two-bedroom suites. This resort has a small on-site sales operation.

VCA-Tucson

The second Varsity Clubs resort is a two-acre property located in Tucson, Arizona, approximately three miles from the University of Arizona. VCA-Tucson offers 60 units, consisting of studio, one- and two-bedroom suites. This resort has an on-site sales office.

Sea Of Cortez Premiere Vacation Club

Sea of Cortez Premiere Vacation Club is an oceanfront property on the Sea of Cortez in San Carlos, Sonora, Mexico. The Company, through Premiere Vacation Club, has acquired 1,500 one-week 25-year right-to-use Vacation Ownership Interests in 30 studio, one- and two-bedroom units in the Sea of Cortez Premiere Vacation Club. The Company has the option to extend the right-to-use period for an additional 25-year period provided it is not in default under the right-to-use agreement. The option is exercisable by the Company during the last five years of the initial term, at terms to be negotiated by the parties at that date. The Company markets such Vacation Ownership Interests exclusively through Premiere Vacation Club.

The Carriage House

The Carriage House is a non-gaming suite hotel located one block off the Strip in Las Vegas. The property contains a heated pool, whirlpool, tennis court and basketball court. The Company is planning to open a Joey Bistro restaurant on the top floor of the hotel. The Company operates a small on-site Carriage House sales operation that markets to owners, exchange guests and other guests of the hotel.

The Company's competitors are Marriott Ownership Resorts, Walt Disney Co., Hilton Hotels Corp., Hyatt Corp., Four Seasons Hotels & Resorts, Starwood Hotels & Resorts Worldwide Inc., Promus Hotel Corp., Fairfield Communities, Inc., Silverleaf Resorts, Inc., Trendwest Resorts, Inc. and Bluegreen Corp.

Disclaimer:
The data included within the Financial section is solely for information and does not construe a recommendation and/or endorsement by IGHRM or its members to invest funds with any of the companies listed. You are strongly advised to obtain professional advice with qualified individuals or corporations for any investments of funds.

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