Shared Ownership Services / Litigation Support Experience

Examples of HVS SOS litigation support and/or court testimony experience in the Shared Ownership arena include:

Tempus Resorts, Orlando, Florida (2011)

John Lancet provided testimony on behalf of Tempus Resorts in a Chapter 11 reorganization. His valuation of the unsold inventory at the Mystic Dunes Resort and Golf Club was adopted by the Bankruptcy Judge of the Middle District of Florida- Orlando, Division, Honorable Karen S. Jennemann, when the Chapter 11 plan of reorganization of Tempus Resorts International, Ltd and its affiliated companies was confirmed on April 20, 2011 by the United States Bankruptcy Court.

Island One Resorts, Orlando, Florida (2011)

John Lancet, provided testimony on behalf of Island One Resorts in a Chapter 11 reorganization. The Island One reorganization plan, to which Lancet testified, was confirmed by the court.

Celebrity Resorts, Kissimmee, Florida (2011)

John Lancet, provided testimony on behalf of Celebrity Resorts relative to the valuation of their timeshare properties regarding a Chapter 11 reorganization. The court accepted the Lancet value opinions over those of the opposing side.

Seaside Resort, Key West, Florida (2009)

Testimony by Kathy Conroy MAI on the value of the property as a fractional ownership resort in a Chapter 11 bankruptcy reorganization.

Wyndham Vacation Ownership Music City, Nashville (2007)

HVS SOS Miami office personnel provided litigation support regarding an ad valorem valuation issue for Wyndham Vacation Ownership resort in Nashville, Tennessee.

Aqua Sun Investments, Inc. (2006)

HVS SOS Miami office personnel provided expert valuation support relative to various Florida timeshare developments owned by Aqua Sun Investments, Inc.

Pond Bay PRC, St John, USVI (2005)

HVS SOS Miami office personnel provided expert opinions regarding the valuation of the Pond Bay Private Residence Club in St. John, USVI as related to a dispute among the equity shareholders.

District Court of the Virgin Islands, Division of St. Thomas and St. John (2002)

Various property taxpayers, including Equivest St. Thomas Inc. (a division of Fairfield) vs. the Government of the Virgin Islands, the Tax Assessor, and the Board of Tax Review.

This was a major consolidated trial in the Virgin Islands regarding property tax litigation and other common issues. Kathy Conroy MAI testified as to the ad valorem valuation of three separate hotel and timeshare resorts owned by Equivest in St. Thomas. Conroy also testified to the Court regarding the inadequacy of the current property tax code in the Virgin Islands to enable any professional to arrive at a reasonable valuation based on the limitations inherent in the code.

The Court found in favor of the taxpayers, and also concluded a final value opinion equal to Conroy’s numbers relative to all of the Equivest properties.

Sunterra Resorts (2002)

HVS SOS Miami office personnel provided expert valuation support for a Chapter 11 bankruptcy filing for all the Sunterra timeshare resorts in the United States.

Iowa District Court for Polk County (2001)

Kathy Conroy MAI testified for the Hunter family regarding the valuation of the Clearwater Beach Hotel in Clearwater, Florida relative to the buyout of a member of the ownership family. The family member being bought out presented a different value opinion to the Court. The Court rendered a final opinion at the Conroy number, finding her work to be by far the more credible of the appraisal work done.