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twitterTimeshare developer in deal with Polo Tower owners
Friday, April 4, 2003 | 9:57 a.m.
The timeshare sales unit of lodging giant Marriott International Inc. has developed a sales and marketing alliance with the owner of the Polo Towers timeshare units on the Las Vegas Strip and also will jointly develop the previously announced 840-unit Chateau project.
Under the agreement announced on Thursday, Marriott Vacation Club International, Orlando, Fla., will sell the remaining inventory of the Polo Towers, which will remain under the ownership of Diamond Resorts International, Las Vegas. Marriott Vacation Club also will develop the Chateau, a $300 million, four-tower, 33-story complex that will become a Marriott-branded property.
Terms of the deal were not disclosed.
No gaming component is planned at the Chateau, which will be built on Harmon Avenue near Las Vegas Boulevard at the former location of the Shark Club.
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