Silverleaf Resorts (AMEX:SVL)
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From Jun 2019 to Jun 2024
Silverleaf Resorts, Inc. (AMEX:SVL) today announced
that the Company has acquired 81 acres of undeveloped land adjacent to
one of its existing destination resorts, Holiday Hills Resort near
Branson, Missouri. The newly acquired tract, purchased for
approximately $1.0 million, can accommodate up to 456 new timeshare
units and related amenities, including a proposed nine hole par three
golf course expansion to the existing eighteen hole regulation golf
course. There are currently 422 timeshare units at Holiday Hills
Resort.
Development of the property is subject to Silverleaf receiving all
state and local governmental approvals necessary for timeshare
operations. Extensive additional planning and pre-development work
must be completed before initial capital expenditure projections for
the project can be finalized.
Sharon K. Brayfield, President of Silverleaf, commented, "Branson
remains a popular destination for all those who love country music and
variety shows, in addition to the beauty of the lakes and hills of the
Ozark region. Holiday Hills is one of our fastest growing resorts, so
this is a significant opportunity to expand our capacity to provide
attractive vacation alternatives to our customers in this key
destination vacation market."
The Company also announced it will release its 2005 results and
provide 2006 guidance on March 7, 2006.
Based in Dallas, 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, 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 "Cautionary Statements" in the
Company's reports filed with the Securities and Exchange Commission,
including the Company's 2004 Annual Report on Form 10-K (pages 19
through 27 thereof) filed on March 25, 2005.