Silverleaf Resorts, Inc. (Silverleaf) is engaged in the development, marketing and operation of getaway and destination timeshare resorts. As of December 31, 2007, it owns seven getaway resorts in Texas, Missouri, Illinois and Georgia (the Getaway Resorts). It also owns six destination resorts in Texas, Missouri, Massachusetts and Florida (the Destination – more... Resorts). In addition, it owns and operates a hotel located near the Winter Park recreational area in Colorado, which provides owners with another destination vacation alternative and gives Silverleaf an entry point into this destination area. The Getaway Resorts are designed to appeal to vacationers seeking comfortable and affordable accommodations in locations convenient to their residences and are located near major metropolitan areas. The Destination Resorts are located in or near areas with national tourist appeal and offer customers the opportunity to upgrade into a resort area as their lifestyles and travel budgets permit.
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