Colebrook Financial Increases Hypothecation Loan to $18 Million for InnSeason Resorts

Colebrook Financial, a leading lender to the timeshare and travel club industries, is pleased to announce that it has increased its hypothecation loan with InnSeason Resorts to $18 million.

The InnSeason Resorts brand has supported the local New England economy for more than 20 years, playing its part in the billion-dollar tourism industry. Working capital provided by Colebrook makes its way back into the local economy by enabling InnSeason to generate new member sales and employment opportunities, while visitors to its resorts patronize the local restaurants and area attractions. According to ARDA statistics, timeshare resorts in the US generated $3 billion in rental income in 2023 and directly added about $35.7 billion to the US economy.

“We are excited that InnSeason Resorts continues to grow, with new owners/members, which necessitates the need for an increase in our hypothecation line. We feel fortunate to have a great partner within Colebrook Financial who has helped us to facilitate an increase in our loan. Mark, Bill and Melinda are great to work with and try to make the loan process as easy, seamless and expedient as possible” shared Cathrine Leyden, Chief Operating Officer with InnSeason Resorts.

Mark Raunikar, Partner at Colebrook Financial stated, “With both of our companies based here in New England, we have known Dennis and Billy for many years. They each bring complementary skills of development, management and sales to their partnership that contribute to the success of their ventures over many decades. They have a strong management team led by Chief Operating Officer Cathy Leyden, and we have thoroughly enjoyed our relationship with InnSeason since closing our first transaction with them in 2021. InnSeason Resorts is an important customer, and we hope to continue earning their business by providing excellent service and attention to detail.”

About Colebrook Financial Company

Colebrook Financial Company, based in Middletown, Connecticut, specializes in providing financing for the timeshare industry, and can offer a variety of facilities in amounts ranging from $100,000 to $30 million or more.

About InnSeason Resorts

InnSeason Resorts was born with the vision of sharing the uniqueness and charm of New England with the world. As New England natives, owners Billy Curran and Dennis Ducharme embarked on a journey to create the premier vacation ownership experience in the Northeast. InnSeason Resorts is the largest independent vacation ownership developer and operator in the Northeast and one of the largest in North America. Focusing on our customers first and foremost, the InnSeason portfolio spans 6 resorts under ownership, a growing array of managed resorts, and an ever-expanding roster of member families.