| Business Summary | | ILX
Resorts,
Inc.
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,
marketed
by
the
Company
as
vacation
ownership
resorts,
as
well
as
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
(biennial)
basis
(Vacation
Ownership
Interests).
The
Company
also
provides
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
currently
under
construction
in
San
Carlos,
Mexico,
and
land
adjacent
to
an
existing
resort
for
which
the
Company
holds
development
rights. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | ILX
Resorts
is
principally
engaged
in
acquiring,
developing
and
operating
timeshare
resorts,
and
the
marketing
and
selling
of
vacation
ownership
interests
in
the
timeshare
resorts.
For
the
six
months
ended
6/30/01,
revenues
rose
16%
to
$24.4
million.
Net
income
applicable
to
Common
rose
29%
to
$1.1
million.
Results
reflect
higher
sales
from
the
Sedona
sales
office
due
to
greater
tour
flow,
and
lower
interest
expense
and
minority
interest. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Joseph Martori, 59 Chairman
and CEO | $200K | Nancy Stone, 43 Pres,
COO, Director | 231K | Jim Ball Vice Chairman | -- | Edward Zielinski, 49 Exec.
VP, Pres and COO of Varsity Clubs of America Inc., Director | 151K | Donald Denton, 40 Exec.
VP of Sales and Marketing | 274K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|