To establish the timeshare program, the developer (Intrawest, now DRI) deposited property and condos into a trust. This trust agreement includes the developer, the club and the trustee. To understand how this process plays out, some analysis has been done on the Tremblant properties.
Some key findings:
- Intrawest directly transferred property to the trustee (Computershare), and not to the club.
- The title transfer documents do not reference an exchange of points.
- DRI owns the lot upon which the Tremblant check-in, sales office, pool etc… sit.