In early 2012, the sellers of the Ritz-Carlton Club located in Jupiter, Florida made the decision to sell the Club to its members. At that time, the Club had a deposit liability of over $49,000,000 in refundable membership deposits. The sellers began negotiating the sale of the Club with the members. The sellers would maintain $29,000,000 in membership liability and the members would assume the $20,000,000 balance.
In March 2012, the Court-Appointed Receiver of the Sea Trail Resort, situated in North Myrtle Beach, in the town of Sunset Beach, North Carolina approached Steven Ekovich, Managing National Director, Vice President of Investments of the Leisure Investment Properties Group regarding the sale or auction of the resort. Upon the initial tour of the property, Mr. Ekovich realized the tremendous disrepair of the property and the substantial need of capital expenditure to restore this once preeminent resort and adjacent property back to its formal nationally renowned prominence.