The former Vail Plaza Hotel in Vail, Colorado, has been renamed The Sebastian – A Timbers Resorts Hotel & Residence Club, and it will be operated and managed by Timbers Resorts. Enhancements are being made to the property and it will make its official debut in December 2010. The Private Residence Club will be comprised of 38 residences with two different offerings. A four-week membership will start at $310,000 and a Founder’s Club eight-week offering will start at $580,000. Both offerings will include membership in Timbers Collection, which is comprised of a host of perks and privileges from travel partners to reciprocity among resorts in the Timbers Resorts portfolio. For more information, view Timbers Resorts.