Textron Financial Arranges $400 Million Development Loan for Planet Hollywood Towers by Westgate Resorts

Textron Financial Corporation, a subsidiary of Textron Inc. (NYSE: TXT) has finalized the arrangement of a $400 million construction and development loan for Westgate Resorts, a leader in the resort and timeshare industry. Textron Financial teamed with a co-lender and other participants to enable Westgate’s building plans for the Planet Hollywood Towers by Westgate in Las Vegas, Nevada. Planned for completion in fall 2009, the 50-story vacation ownership tower will become Westgate’s flagship property and is located on the Las Vegas strip with direct access to the Planet Hollywood Resort & Casino.

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This place looks amazing! I own the Westgate Flamingo Bay location in Vegas, and while its pretty cool, this place looks like something out of the future! I can't wait until this place is completed. Westgate is doing some really neat stuff it seems...This place has my wife and I really excited. I hope Westgate will allow us to use this facility the way they do with their Orlando resorts and their other properties. I guess I should try to get a booking ASAP because I'm sure this place is going to sell-out fast once they complete construction.

Does anyone know if they are selling timeshare units at this location already? I know a lot of timeshare resorts will sell prior to construction and sometimes you can get discounts by buying pre-construction.

Hi DERF_1971

YES, Westgate is selling the 'Planet Hollywood Tower by Westgate' and we even have a few resale market AD LISTINGS here at Timeshare Adventures being advertised "For Sale'. The link below will allow you to access these AD LISTINGS:

Search for a Timeshare Resort To Buy Or Rent

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I was looking at Derf's message; I wonder...if you purchase into the preconstruction, will Westgate allow vacations at their other locations until the resort is finished being built?

Thank you!

Hey beachfreak,

Yes, Westgate does allow an owner to use any of their many resort locations based on availablity, of course. They have properties all over the country and Westgate trades well with Interval International.

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