| Board of Directors Meeting scheduled for March 15 |
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The next meeting of the Board of Directors is scheduled for Thursday, March 15, 2017 at 4:00 p.m. MST. To listen to the meeting call 800-567-5900. When prompted, key in the access code 5340985. As a reminder, this weekend most of the United States returns to Daylight Saving Time. Arizona remains on Standard Time all year.
The Board most recently met on March 2 for the conclusion of a meeting that began on February 16. During both sessions the Board discussed the General Partner Transition and proposed changes to the Reciprocal Exchange Program. The Limited Partnership Agreement requires that any compensation for a new General Partner be recommended by the Board of Directors and approved by the Limited Partners.
The Board has appointed two ad hoc committees to examine the details surrounding these issues and make recommendations to the Board.
Chair of the General Partner Committee is Board Member Jack Florio. The other committee members are Board Members Gary Torrence and Robert Zubenko who are joined by former Board Presidents Brenda Kaplan, Joel Stein and David Bartholomew. The committee is formulating questions and plans to meet by telephone later this week.
Chair of the Reciprocal Exchange Committee is former Board President Connie Clark. Other members of the committee are Board Members Charlie Clist, Christopher Gable and Biffie Kelly.
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| The Board of Directors welcomes your input |
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The Board of Directors invites comments or questions concerning the Board's role in the General Partner transition, the Reciprocal Exchange Program or any other matters of concern. You can simply reply to this email and your message will be sent to camelbackowners@gmail.com and then forwarded to the appropriate party.
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| General Partner Mailing Available on the Web |
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A detailed mailing was sent by Host Hotels to all Limited Partners in February. Host also asked the President of the Board of Directors to make the information available on the web site. You can now access the electronic version of Host's mailing on the What's New Page of the web site or from the Partnership Information Page. The mailing includes a multi-page cover letter, financial statements and a detailed series of answers to anticipated questions.
The majority of the information deals with two timely and important topics:
• Election of a new General Partner
• Proposed changes to the Reciprocal Exchange Program
Both matters will be presented for approval by the Limited Partners in the coming months.
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| Updated Listing of Units Available for Resale |
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Eight condominium units are currently offered for resale. For details, visit the Units Available for Resale page of the Camelback Owner's web site.
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| Spring Training and March Madness |
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Major League Baseball's Spring Training games continue through the end of the month. The NCAA Basketball Tournament, also called March Madness, begins later in the month and will conclude with the Final Four Championships in Phoenix the first weekend of April. These events, Spring Break and expected good weather are some of the reasons that our rooms are in peak demand.
Prime Season officially began on December 1, 2016 and runs through April 30, 2017. The Partnership Agreement guarantees vacation time availability of your unit in season if you secured your reservation by May 31, 2016. Reservation requests are now subject to availability. The Camelback Reservations Team will continue to make every effort to accommodate your requests as space permits. Please keep in mind that the Resort's ability to satisfy the needs of group and leisure guests, especially in Prime Season, benefits all of us as Camelback investors.
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| Reciprocal Destination: Orange County, California |
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Your Southern California choices have increased with the addition of new options in Newport Beach and Irvine. The Duke Hotel in Newport Beach has become the latest property to fly the Renaissance flag. Marriott describes the hotel as "upscale California contemporary, with an elegant residential feel from the grand Lobby, and 440 well-appointed guestrooms, including 54 exquisite suites. The property features 22,000 square feet of indoor function space, and the Bamboo Garden, a 10,000 square feet outdoor function space that is adjacent to the ballrooms and boasts a water feature, fireplace and conversational fire pit." Other Newport Beach options include the Newport Beach Marriott Hotel and Spa and the Newport Beach Suites at Bayview.
Nearby, you will find the newly redesigned Irvine Marriott featuring completely renovated guest rooms, the outdoor patio FLOE Lounge and exclusive M Club. Opening in October is the new Marriott Irvine Spectrum Hotel located in the Irvine Spectrum retail and entertainment complex. The newly built hotel will feature state of the art guest rooms including several rooms designed for extended stays.
Other favorite Orange County destinations include the Anaheim Marriott Hotel and Anaheim Marriott Suites, both near Disneyland; the Marriott Laguna Beach Resort at Dana Point and the Renaissance Club Sport Aliso Viejo featuring world class athletic facilities. For dramatic views of the Pacific Ocean and a true luxury experience, visit the Ritz-Carlton Laguna Niguel. For more information and reservations at any reciprocal property, go to www.marriott.com.
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| Check the web for the latest news about Camelback Inn |
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The Communications Committee prepares this newsletter for the Board of Directors and continually updates the web site on topics that include activities of the Board and its committees, additions or deletions to the units available for resale, room rates, events at the Resort and other news of interest to Camelback investors. Please check back to find out "What's New".
If you have questions or need technical help with your access to the web site, please contact us at camelbackowners@gmail.com.
Very best regards,
David C. Bartholomew
Chair, Communications Committee
On behalf of the Board of Directors
Marriott Resort Hotel Condominium - Camelback Inn
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