The Club Regency Times - Hilton Grand Vacation Club

The Club Regency Times
Your Hilton Grand Vacations Club on Marco Island
Summer 2004
Picture by W. L. Shook
Picture by W. L. Shook
What’s New at the Resort?
Starting in June we will begin remodeling the Club Regency units. On the agenda is new living room
furniture, texturized paint and decor in the master bathroom along with a new table, chairs and bar stools
in the dining room. The pictures on this page are the new living room and dining room. We are very
pleased with this fresh decor and hope you will be too.
A message from
Club Regency’s
Resort Manager,
Sharry Luneke
Picture by W. L. Shook
With the summer months upon us the staff is full of hustle and
bustle. June started out with the new living room and dining room
furniture being delivered. The new furniture was installed on
Saturday, June 5 th and again on June 19 th, between check-outs
and check-ins.
In August, we will start a cosmetic update to the master bathrooms.
Wallpaper will be removed and the walls textured and painted.
Border and new lighting will finish the project. We are very excited
about the unit refurbishment project and can’t wait for you to enjoy
the new furniture.
Landscaping was replaced by the wood sun decks by the pool and
three large (11ft) umbrellas were purchased for the pool area.
The Front Office will be receiving a facelift as well, with a new
check-in area and four windows being replaced.
As everyone returns year after year, families grow, but please
remember that the maximum occupancy per unit is six. If you find
your family has outgrown your unit, please see Lee about adding
an additional unit. Through the purchase of intervals or rentals of
units we can certainly accommodate your growing needs.
Have a happy and safe summer!

WE HONOR THOSE WHO ARE NO LONGER WITH US
Club Regency’s Memory Tree
Picture by W. L. Shook
This season brought the
realization that not everyone
returns each year as expected.
As a way to remember those
who have touched our lives, a
group of owners got together
and took up donations for a tree
to be planted in remembrance
of loved ones and special
friends that they spent time
with at Club Regency. Working
with the landscape architect,
a Japanese Fern Tree was
selected and planted near
the river area. This is an
area that needed attention
and is being funded strictly
by donations. We would like
to receive enough donations
to include a plaque with an
inscription. The plaque would
be mounted on a rock that
matches the other rocks in
the river area. A suggested
sentiment is
“ W h e n s o m e o n e y o u
love becomes a memory,
the memory becomes a
treasure.”
RECORD BREAKING SALES
Hilton Grand Vacations Company timeshare sales had a
record breaking first quarter; this was also true here at Club
Regency. Sales figures are well above the previous years and
are on track for a record year.
HGVC provided the Marco Island sales team with a local
advertising budget. We now have an ad running in the Marco
Island Eagle newspaper. Our “take-one” brochure will be
available at many sites on Marco in the next few weeks. In
addition, a new website for the HGVC Marco timeshares will
be unveiled very soon.
There is availability throughout the year. Please let me know
if there is a specific week or unit that you are interested in
purchasing. When it becomes available, you will be notified.
The “wish list” has accounted for many sales to date.
Remember – your wish is my command!
SUMMER WEEKS ARE NEEDED – The inventory of summer
weeks is low. Please call me at 239-394-8197 ext. 1115 or 239-
289-1824.
Lee Shook, Vacation Counselor
Picture by W. L. Shook

CLUB REGENCY OF MARCO ISLAND
ANNUAL MEETING
FRIDAY, JANUARY 9, 2004
The meeting was called to order at 10:00 a.m. by
President Ralph Pearman at Club Regency of Marco
Island. All Board members were in attendance except
Mr. Mottley: Jan Brehm, Chuck Irle, Ralph Pearman,
Charles Pineno and Arnold Zimmerman. Attending from
Hilton Grand Vacations Company (HGVC) were: Sharry
Luneke – Resort Manager, Lynette Wexell – Assistant
to the Resort Manager, E. J. Nees – Regional Manager
Resort Operations, Randy Piatt – Senior Director Resort
Operations, Lee Shook – Sales Associate and Riki
Martin – Administrative Assistant and Acting Recording
Secretary for this meeting.
A sign-in sheet was circulated for the owners present in
lieu of a formal roll call. There was a call for outstanding
proxies. A quorum was established.
♦ APPROVAL PREVIOUS MINUTES
The minutes of the 2003 Annual Meeting were sent to the
owners in the newsletter in 2003. A copy was included
in the agenda packet distributed to owners in attendance.
Judge Pearman asked if there were any corrections to the
minutes. MOTION was made and seconded to approve
the minutes of the 2003 Annual meeting. All voted in
favor. Motion carried.
♦ MANAGER’S REPORT – Sharry Luneke
Pool refurbishment completed.
New signage for pool and spa per code installed.
No diving signs per code installed.
Landscape replacement program in progress.
Master bedroom refurbishment has been completed.
Wallpaper has been removed from the units and walls
were textured and painted.
King size bed has been added to master bedroom along
with new armoire and artwork.
Guest bedrooms have a new bedspread and a cornice
board was added.
Club Regency is the first HGVC property on Marco to
have three TV’s in the units.
Purchased new gas grills.
Drainage was added to the courtyard to prevent
flooding.
Roof inspection was complete by Crowthers Roofing.
Model unit E105 is ready for viewing.
Water heaters are scheduled for 2004.
Mrs. Luneke thanked her staff for their hard work and
dedication. Lupi has done the super cleans to the units for
the past couple of years with the hourly staff in order to
save money. Tim completed the wiring for the additional
TV’s. Lee is doing a great job with the resale’s. She also
thanked Management for their support.
♦ BOARD OF ADMINISTATION REPORT
– Judge Pearman
Judge Pearman introduced the Board of
Administration.
Dr. Pineno stated that it has been a pleasure to serve
on the Board. Judge Pearman has provided great
leadership, Management and the Club Regency staff
is doing a good job. He asked the owners to go look
at the new model unit E-105.
Mr. Zimmerman feels Judge Pearman has done a
great job and that the Board members are looking
at the owner’s best interests. The Board decisions
are most always unanimous. He appreciates being
a part of the Board.
Mrs. Brehm thanked the owners for their support
and feed back. She enjoys serving on the Board
as Secretary. She asked the owners to look at the
model unit.
Mr. Irle feels it is an honor and pleasure to serve the
owners of Club Regency.
Judge Pearman is happy that the sale price of the units
is increasing, keeping the value of your investment
up. Week 6 and 7 recently sold for $23,000 per week.
He stated that the lanais are not looking great, but we
cannot afford to replace the lanai furniture this year.
He welcomes the comments of the owners.
♦ INSURANCE REPORT – Randy Piatt
The Association has property insurance through
Hilton Hotels Corporation, including all risk perils,
flood and windstorm at 100% replacement cost with
a $25,000 primary deductible. The perils of flood
and “windstorm” – storms named by the National
Weather Service and with sustained winds of at
least 75 mph when it is within 25 miles of shore
– carry larger deductibles. The policy also provides
coverage for landscaping. The primary carriers
are ACE, Lexington, Commonwealth, Columbia
Casualty, and Lloyd’s of London. Public liability
insurance coverage for the association continues
in effect for injury or damage to third parties with
limits well in excess of $100 million. Directors
and Officers liability insurance of $5 million and
crime insurance as required by the State are also
maintained. Premiums have started to stabilize,
although workers compensation continues to
increase by about 10%.
Mr. Piatt stated that the Board’s contribution is
excellent. The property looks better than ever. We
are very pleased to have Club Regency as part of
HGVC.

♦ RESALES REPORT – Lee Shook
Total Sales 2003 $375,850
Average sale/week $ 9,300
Total Sales 2003 – Lee Shook $343,350 Average
sale/week $10,099
Total Sales 2002 $263,500
Average sale/week $ 8,234
Total weeks sold 39
There are currently 114 weeks listed for sale totaling
$969,400.
♦ RENTAL REPORT 2003 – Randy Piatt
2003 2002 2001
Nights Available 965
1296 1546
Nights Rented 513
578 776
Occupancy 53.2%
44.6% 50.2%
Gross Revenue $133,579
$136,734 $175,691
Average Rate $ 260.39 $
236.56 $ 226.41
Weeks available for rental 135
180 219
Weeks with rental activity 89
105 140
% with rental activity 65.9%
58.3% 63.9%
Weeks renting 4 or more nights 67
80 105
% getting 4 or more nights 75.3%
76.2% 75.0%
♦ COMMENTS:
As you can see from the statistical information above, the
number of owners trying to rent their weeks continues to
decline from previous years. Owners who belong to Hilton
Grand Vacations Club have many more options and are
taking advantage of these options rather than renting. The
increase in the average rate is due, in part, to the lateness
of Easter this year. The first 8 months of 2001 was by far
the most successful time in our history, but even with the
reduction in the number of weeks made available for rental
last year, the improvements in occupancy and penetration
into that availability is better overall than any year in our
history.
Between now and Easter, rental guests will pay from $1,500
to $2,200 per week for their stay at Club Regency. I think
you will agree that Vacation Ownership makes good sense,
doesn’t it?
♦ F I N A N C I A L R E P O RT - A r n o l d
Zimmerman
Mr. Zimmerman was pleased to be able to say once
again that the financial condition of Club Regency is
very healthy, although not quite as healthy as in the
past several years.
The financial records, through December 31, 2002,
have been audited by the CPA firm, Myers, Brettholtz
& Company, PA of Ft. Myers. A copy of that report is
available to any owner who may request a copy. This
firm has been engaged to audit the financial records for
the year ending December 31, 2003.
Unaudited internal figures through November 30,
the latest currently available, show the following:
2003 2002
Cash in the operating fund
$ 3,536 $ 40,423
Cash in the reserve fund
436,319 456,172
Cash in the real estate escrow
450 97,227
$440,305 $399,368
After considering accounts receivable, inventory,
prepaid assets less liabilities and unearned revenue,
our operating fund balance is a negative of $25,366.
This is $9,302 lower than the balance as of December
31, 2002. This is due to the operating deficit for the
year to date of $9,302, and compares with a negative
of $18,682 on November 30, 2002.
Some of the details were mentioned earlier, but the
total amount we have spent during the year on capital
improvements and replacements is $236,080. The
balance in the reserve fund is $435,113 on November
30.Our operating fund income and expenditures
through November 30 are a net $9,302 negative and
are in a negative variance from the budget of $8,101.
Considering an annual budget of $693,716, this is a
1.2% variance. We project that the year-end results
will show actual amounts close to the budget. This is
because of an anticipated reduction in the income tax
accrual due to lower interest rates and other items.
While the actual and budget amounts are very close for
the 11 months, there are variances in certain categories
of income and expense as follows:

Late fees and interest $ -5,492
Other revenue -976
Administration 1,135
Operating services and supplies 12,817
Utilities -11,039
Grounds 7,974
Pool & Spa -766
Recreation -355
Building -2,769
Insurance & Taxes 883
Profit on sale of Association weeks -9,000
Other -513
$-8,101
Annual Maintenance Fee:
2002 2003 2004 Statutory
Operating $417.13 $425.07 $448.33 $448.33
Reserve 116.33 120.8 130.80 230.69
$533.46 $545.89 $579.13* $679.02
* This represents an increase of 6.09%
Comparison with other HGVC properties on Marco
Island
Surf Club $606.28
Charter Club $615.92
Eagle’s Nest $650.00 - $700.00
♦ RATIFICATION OF 2004 BUDGET
Judge Pearman advised that the proposed 2004 operating
and reserve budget was sent to each owner with the
maintenance fee statement and a copy was included in
the agenda packet distributed at this meeting. MOTION
was made and seconded to ratify the 2004 budget as
presented by the Board of Administration. All voted
in favor. Motion carried.
♦ TELLER’S REPORT
There were 395 unit weeks represented, both in person
and by proxy, out of a possible 1,632 unit weeks, which
represents 24.2% owner response.
♦ WAIVER OF STATUTORY FUNDING OF
RESERVES
There were 359 votes to waive the statutory funding of
reserves and 2 votes not to waive the statutory funding
of reserves. Therefore, the waiver of statutory funding of
reserves was approved and the reserve funding will remain
at the level approved in the 2004 budget.
♦ ELECTION OF BOARD MEMBERS
There were 4 candidates seeking election to fill the
two seats available on the Board of Administration.
The candidates receiving the highest number of
votes were: Chuck Irle and James Chinavare
who were elected to serve a three-year term. The
current Board of Administration is: Jan Brehm,
James Chinavare, Chuck Irle, Ralph Pearman,
Charles Pineno, Arnold Zimmerman.
♦ DISCUSSION
An owner has a concern that he had week one up
for rent and was told it was rented until Wednesday.
Mr. Piatt stated that we are not able to email each
owner of the status of the rental.
♦ ADJOURNMENT MOTION was made
and seconded to adjourn the meeting.
Meeting adjourned at 10:50 am

2005
1- Jan1- Jan 8 N
2- Jan 8- Jan 15
3- Jan 15- Jan 22
4- Jan 22- Jan 29
5- Jan 29- Feb 5
6- Feb 5- Feb 12
7- Feb 12- Feb 19
8- Feb 19- Feb 26
9- Feb 26- Mar 5
10- Mar 5- Mar 12
11- Mar 12- Mar 19
12- Mar 19- Mar 26
13- Mar 26- Apr 2 E
14- Apr 2- Apr 9
15- Apr 9- Apr 16
16- Apr 16- Apr 23
17- Apr 23- Apr 30
18- Apr 30- May 7
19- May 7- May 14
20- May 14- May 21
21- May 21-May 28
22- May 28- Jun 4 M
23- Jun 4- Jun 11
24- Jun 11- Jun 18
25- Jun 18- Jun 25
26- Jun 25- Jul 2
27- Jul 2- Jul 9 J4
28- Jul 9- Jul 16
29- Jul 16- Jul 23
30- Jul 23- Jul 30
31- Jul 30-Aug 6
32- Aug 6- Aug 13
33- Aug 13- Aug 20
34- Aug 20- Aug 27
35- Aug 27- Sep 3
36- Sep 3- Sep 10 L
37- Sep 10- Sep 17
38- Sep 17- Sep 24
39- Sept 24- Oct 1
40- Oct 1- Oct 8
41- Oct 8- Oct 15
42- Oct 15- Oct 22
43- Oct 22- Oct 29
44- Oct 29- Nov 5
45- Nov 5- Nov 12
46- Nov 12- Nov 19
47- Nov 19- Nov 26 T
48- Nov 26- Dec 3
49- Dec 3- Dec 10
50- Dec 10- Dec 17
51- Dec 17- Dec 24
52- Dec 24- Dec 31 C
53- Dec. 31- Jan 7 N
VACATION
CALENDAR
N- New Year’s
E- Easter
M- Memorial
J4- July 4th
L- Labor
T- Thanksgiving
C-Christmas
We look
forward to
seeing you
each year. We
have prepared
a calendar to
help you plan
your next
trip(s) to Club
Regency of
Marco Island.
Don’t forget that
in 2005 there is a
week 53 and will
affect your dates for
2006.
2006
1- Jan7- Jan 14
2- Jan14- Jan 21
3- Jan 21- Jan 28
4- Jan 28- Feb 4
5- Feb 4- Feb11
6- Feb 11- Feb 18
7- Feb 18- Feb 25
8- Feb 25- Mar 4
9- Mar 4- Mar 11
10- Mar11- Mar 18
11- Mar 18- Mar 25
12- Mar 25- Apr 1
13- Apr 1- Apr 8
14- Apr 8- Apr 15
15- Apr 15- Apr 22 E
16- Apr 22- Apr 29
17- Apr 29- May 6
18- May 6- May13
19- May 13- May 20
20- May 20- May 27
21- May 27- Jun 3 M
22- Jun 3- Jun 10
23- Jun 10- Jun 17
24- Jun 17- Jun 24
25- Jun 24- Jul 1
26- Jul 1- Jul 8 J4
27- Jul 8- Jul 15
28- Jul 15- Jul 22
29-Jul 22- Jul 29
30- Jul 29- Aug 5
31- Aug 5-Aug 12
32- Aug 12- Aug 19
33- Aug 19- Aug 26
34- Aug 26- Sep 2
35- Sep 2- Sep 9 L
36- Sep 9- Sep16
37- Sep 16- Sep 23
38- Sep 23- Sep 30
39- Sept 30- Oct 7
40- Oct 7- Oct 14
41- Oct 14- Oct 21
42- Oct 21- Oct 28
43- Oct 28- Nov 4
44- Nov 4- Nov 11
45- Nov 11- Nov 18
46- Nov 18- Nov 25 T
47- Nov 25- Dec 2
48- Dec 2- Dec 9
49- Dec 9- Dec 16
50- Dec 16- Dec 23
51- Dec 23- Dec 30 C
52- Dec 30- Jan 6 N

Friendly, Courteous Staff
at the Club
Regency of Marco Island
is Top Notch
Our staff is full of knowledge; got a
question? Just ask them. Whether it
be about Club Regency, timeshare,
HGVC or Marco Island, it’s a safe bet
that they’ll have the answer.
Their sincere integrity and years of
experience make the Club Regency
team spectacular.
Top Row: Tim Stinchcomb, Rich Reisigner
Middle Row: Lupe Garza, Sharry Luneke
Bottom Row: Carol Beaumet, Lee Shook
Not pictured: Juanita Gonzalez, Bob Smith,
Evelyn Navarro
Welcome to the Esplanade
Picture by W. L. Shook
Picture by W. L. Shook
Marco Island’s
newest
attraction is
filled with shops,
restaurants
and residences.
Enjoy a meal
by the bay at
Vergina’s or
Bayview.
Don’t forget
some coffee at
Starbuck’s or ice
cream at Cold
Picture by W. L. Shook
FUN BY THE POOL
Lee Shook, Vacation Counselor
and Sharry Luneke, Resort
Manager take time out of
their busy schedules to show
you the ample shade your new
pool umbrellas provide from
the tropical Florida sun!
Picture by W. L. Shook

500 South Collier Blvd
Marco Island, FL 34145
Club Regency of Marco Island
Board of Administration
PRESIDENT- The Honorable Ralph S. Pearman
Home Phone: 217-463-6490, Email: pearmans@tigerpaw.com
VICE PRESIDENT- Dr. Charles J. Pineno
Home Phone: 814-226-4789, Email: cpineno@clarion.edu
SECRETARY- Ms. Janice H. Brehm
Home Phone: 603-352-6080, Email: jhbrehm@top.monad.net
TREASURER- Mr. Arnold W. Zimmerman, Jr.
Home Phone: 314-843-2766, Email: zimjr@earthlink.net
DIRECTOR- Mr. James J. Chinavare
Home Phone: 734-586-6202