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Ideal Group subsidiary Travel Zen, Inc. reported a complete sell-out of its 2024 spring break inventory of fractional timeshare bookings. The company achieved 100% occupancy across its 60 units, generating over $50,000 in recurring sales revenue. Profit margins vary between 50% for wholesale bookings and up to 100% for retail bookings. This marks the second annual cycle of unit offerings under Travel Zen's ownership, with 2024 sales reflecting consistent year-over-year performance.
Travel Zen's portfolio includes premium resorts in Vail, Colorado, such as Sheraton Mountain Vista Resort, Sheraton Lakeside Terrace Villas, and Falcon Point Resort. The company has also received over 50 five-star reviews this season. CEO David Weintraub highlighted the success and repeatability of their business model, emphasizing the acquisition of valuable fractional units at low cost and the generation of recurring rental income. The company plans to expand its portfolio by seeking additional vacation rental opportunities in premium markets.