Travel Headquarter

Maryland’s Travel Advantage Network Acquires Old-World Resort On Hawaii’s “Friendly Island”


MILLERSVILLE, MD February 13, 2004–-Maryland-based Travel Advantage Network (TAN), which provides wholesale-priced condominium vacations to more than 43,000 families and individuals worldwide, announces the addition of Hawaii’s oceanfront Hotel Moloka’i to its expanding roster of popular vacation destinations throughout the U.S., Mexico, and the Caribbean.

Settlement for the Moloka’i resort occurred yesterday, February 10, 2004. As part of its transition strategy, TAN has a three-year plan to upgrade electrical, roofing, building exteriors, and guest rooms. “The Hotel is in great shape and is lovely as is, but we want to bring it up to TAN’s standards of excellence. We’re anticipating the total renovation costs and expenses associated with taking over the property to be about $270,000 over the next three years,” explains David Dawson, who heads TAN’s property management/acquisition efforts.

Grand re-opening of Hotel Moloka’i is tentatively scheduled for March 1, 2004. Adds Dawson, “We are honoring the nearly $150,000 in reservations made by vacationers prior to the change in ownership, so we’ll be working around the property as quietly as possible so as not to disturb travelers. Once we’re ready for the official re-opening, TAN will host a full kick-off party at the Hotel. Stay tuned for details.”

“Although TAN offers condominium accommodations at more than 115 properties, Hotel Moloka’i is actually our second whole-resort purchase. In January 2003, we bought Sandbars, a wonderful Cape Cod resort,” says Brad Callahan, TAN’s founder, president and CEO, “With the Hotel Moloka’i, we were drawn by the island’s old-Hawaii feel, versus the hustle and bustle of more developed islands. Native Hawaiians call Moloka’i the Friendly Isle because of its serenity, secluded beaches and relaxed atmosphere.”

TAN’s newest resort is located on the island of Moloka’i, at Kamiloloa Beach, one-and-a-half miles from the island’s largest city Kaunakakai. The oceanfront property resides adjacent to Hawaii's only barrier reef and is reminiscent of a South Seas-style resort with its Polynesian-style village of spacious bungalows. The resort offers diverse activities, including whale watching, and features a pristine beach with a pool and open-air restaurant atop the beach, with a lounge that hosts nightly Hawaiian entertainment. The beachside landscaping includes a tropical garden with pink seashell ginger, and red and yellow beliconia hanging alongside white plumeria and red ginger. And, for romantic nuptials, a wedding chapel is situated in the garden, adorned with tropical plantings.

“This acquisition offers an exciting new opportunity for TAN Travelers who are looking for authentic island accommodations while visiting Hawaii,” adds Callahan, “What’s equally exciting is the satisfaction rate among our network is extremely high—TAN’s attention to detail in serving our Travelers’ needs, and dedication to follow-up, ensures stress-free vacation planning.” In addition, it’s just a short plane ride away from TAN’s other Hawaii home property, Maui Banyan, on the island of Maui. TAN Travelers will now have the opportunity to plan extended Hawaiian vacations such as one week enjoying the excitement of the Maui Banyan, followed by a week of relaxation at TAN’s new Moloka’i resort.

TAN offers exciting vacation opportunities substantially below retail cost. By acquiring individual condominium units and whole resort properties (such as Sandbars and Hotel Moloka’i), and through an extensive network of affiliations with resort organizations, vacation property owners, and real estate professionals, TAN is able to provide large amounts of inventory at top vacation properties for reasonable prices. TAN passes the savings to TAN Travelers that come from volume purchasing power. Information on becoming a Travel Advantage Network client is available at www.planwithtan.com or by calling 1-800-264-3802.

ABOUT TRAVEL ADVANTAGE NETWORK
Travel Advantage Network (TAN) is a wholesale priced vacation program helping more than 43,000 families and individuals create lifelong vacation memories. The company is an active member and sponsor of the American Resort Development Association (ARDA), the Cooperative Association of Resort Exchangers (CARE), Vacation Rental Management Association (VRMA), The Executive Committee, peer management counseling group (TEC), the prestigious Young President’s Organization (YPO), Commercial Real Estate Women's Baltimore Chapter (CREW), and the Better Business Bureau (BBB).

In 2003, TAN was the proud recipient of the Better Business Bureau’s Torch Award, which is presented to companies that exemplify high business standards and professional integrity. TAN is also known for its active community outreach program and employees who are committed to bettering the community by supporting charitable events and organizations.




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