Silverleaf Resorts (AMEX:SVL)
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From Jun 2019 to Jun 2024
Silverleaf Resorts, Inc. (AMEX:SVL) today announced
plans to build its first indoor water park at The Villages Resort, one
of Silverleaf's getaway resorts serving the Dallas/Fort Worth market.
Sharon K. Brayfield, president of Silverleaf, commented, "Our
members enjoy many fun, family-oriented amenities throughout our
resorts. The enthusiasm for water parks continues to grow each year
and this new amenity will be a safe and convenient way for families to
spend quality time together while increasing the year-round appeal of
The Villages."
The "WaterPark at The Villages" is expected to open in the fourth
quarter of 2007. When completed it will be home for multiple themed
attractions, including inner tube and body slides, a wave pool, an
interactive play system topped by a giant tipping bucket of water, and
a lazy river float ride. In addition, the on-site facilities will
include food service, a retail area, an arcade and lockers.
Silverleaf's planned capital expenditure for this project will be
approximately $6.3 million. Management anticipates a boost in low
season occupancy as well as improved sales efficiencies from the
addition of this popular attraction.
Based in Dallas, Texas, Silverleaf Resorts, Inc. currently owns
and operates 13 timeshare resorts in various stages of development.
Silverleaf resorts offer a wide array of country club-like amenities,
such as golf, clubhouses, swimming, horseback riding, boating, and
many organized activities for children and adults.
This release contains certain forward-looking statements that
involve risks and uncertainties and actual results may differ
materially from those anticipated. The Company is subject to specific
risks associated with the timeshare industry, the regulatory
environment, and various economic factors. These risks and others are
more fully discussed under the heading "Risk Factors" in the Company's
reports filed with the Securities and Exchange Commission, including
the Company's 2005 Annual Report on Form 10-K (pages 22 through 30
thereof) filed on March 17, 2006.