New Resort To Boost Seaside and Oregon Economy

SEASIDE, OR— The Resort at Seaside, a new $73.3 million oceanfront condominium resort will hold its grand opening here July 19th, as part of Trendwest Resorts, a point-based vacation ownership company that is a subsidiary of Cendant Corp. “We have seen many cities benefit economically from the increase in tourism generated by our resorts,” said William Peare, Trendwest Resorts chairman. “Our Resort at Seaside will provide a total of 120 full-time jobs with an annual payroll of $2 million. We also expect that each year 124,000 guests will spend another $14 million while visiting Seaside.” Ken Meisner, Seaside Chamber of Commerce executive director, said, “Much of our area business is seasonal, so Trendwest Resorts estimated year-round occupancy of 70% or greater will provide a much needed boost for our area businesses.” Trendwest Resorts established an Oregon presence in 1989 with vacation condominiums at Otter Crest and Eagle Crest. Since then, Trendwest has added destinations in Depoe Bay, Gleneden Beach, Klamath Falls, Newport and now Seaside. The company currently employs 360 people in the state with a $6.4 million annual payroll. During 2003, the more than 217,000 guests visiting the companys Oregon resorts are expected to spend more than $32 million while on vacation. The new eight-story structure features 283 one-, two-, and three-bedroom ocean view vacation condominiums, each with fully equipped kitchen, private deck with barbecue, gas fireplace, washer and dryer, television, DVD player, and compact disc stereo.