Info

ILX Resorts Incorporated (ILX) is a developer, marketer and operator of timeshare resorts in the western United States. The Company’s operations consist of acquiring, developing and operating timeshare resorts, marketed by it as vacation ownership resorts; marketing and selling vacation ownership interests in the timeshare resorts, which typically have entitled the buyers thereof to ownership of a unit for a one-week period on either an annual or an alternate year (biennial) basis (Vacation Ownership Interests); and providing purchase money financing to the buyers of Vacation Ownership Interests at its resorts. ILX receives revenues from the rental of the unused or unsold inventory of units at its vacation ownership resorts, from the operating portion of homeowner dues from owners of Vacation Ownership Interests and from the sale of food, beverages and other services at such resorts.(Source: 10-K)