David Walley's Hot Springs Resort & Spa south of Genoa has announced that Trading Places International will be the new professional management company overseeing all on-site operations of the resort.
"TPI was one of seven management companies we contacted when we proposed alternative management," said Marlena Forst, president of the David Walley's Property Owners Association. "Their resume is exceptional, their references are impeccable, and we are very pleased with our decision."
As an independent third-party company, Trading Places International will assist the resort in resolving its current challenges.
In March, Celebrity Resorts, which bought Walley's in 2008, filed for Chapter 11 bankruptcy protection in Orlando, Florida, citing the economy as grounds for the filing.
Walley's has long been popular for its natural hot spring pools. The on-site restaurant is currently closed but expected to reopen this fall.
"This is a new chapter for David Walley's," said Douglas Wilcox, vice president of resort operations for Trading Places International. "We have been contracted to deliver on-site services for the enjoyment of the all guests, to keep the resort functioning smoothly, and to pave the way for a very successful year ahead."
Trading Places International is a 37-year veteran of the travel and vacation industries. It is the only vertically-integrated, independent vacation ownership company providing full-service resort/association management, timeshare rentals and exchanges, plus travel and cruise agency services. It currently oversees more than 71,000 timeshare intervals at more than 30 resort locations in Hawaii, Mexico, South America, and mainland United States.
For more information visit www.tradingplaces.com.
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