November 2007

The Board of Directors of the American Resort Developers Association conferred the professional designation of Registered Resort Professional upon Bill Ryczek.  RRP status, the highest professional designation conferred by the timeshare industry, is given to those who are active ARDA members, have a minimum of five years of full-time industry employment, and a total of 10 education credits. Candidates must also pass the ARDA Qualification Test (AQT), which examines a person's knowledge of the industry, including the ARDA Code of Standards & Ethics and the laws affecting the industry. Credits for the RRP program are earned through participation in educational and industry-related activities, professional tenure in the vacation ownership industry, the receipt of industry awards, formal education and certification by accredited institutions of higher learning, participation in industry workshops, seminars and self-study courses, and by writing articles for Developments, the industry magazine published by ARDA.

Of the tens of thousands of individuals employed in the timeshare industry, only a few hundred hold the RRP designation.

March 2007

Bill Ryczek and Attorney John Funk co-authored an article for the March issue of Developments magazine, the publication of the American Resort Developers Association. The piece was titled “Timeshare Owners Associations: A Guide to Borrowing Money,” and was based upon the presentation delivered at the ARDA/New England conference in December.

At the semi-annual meeting of ARDA/New England, held December 5th in Portsmouth, New Hampshire, Bill Ryczek and Attorney John Funk, of Gallagher, Callahan and Gartrell gave a presentation entitled “HOA Financing: Can You Borrow? Should You Borrow?” Bill and John discussed the legal and financial aspects of borrowing to finance renovations or working capital needs, and fielded a number of questions from the audience.

At the annual convention of the American Resort Developers Association in Las Vegas, Colebrook’s Bill Ryczek was a member of a panel which discussed the topic “Design Expectations vs. Budget Realities: Can they Align? What if they Don’t?”

Bill, architect Rick Hulbert, construction manager John Stiles and interior designer Pre Etta Lund gave presentations on their areas of expertise, with Bill’s focus principally upon how owners’ associations can obtain financing for improvements.

If you would like a copy of the slides used for the presentation, please call us and we’ll be happy to send one to you.