[3] The 3.5-acre site was previously the location of a nightclub, which opened in 1978 as Jubilation, became the Shark Club in 1988, and closed in 1996.
[6] In 2000, Lakes Gaming, which had spun off from Grand Casinos in 1998, announced plans for a $700-million non-gaming hotel project on the land, in a joint venture with local developer Brett Torino.
[7] Lakes sold out its interest in the project to Torino in 2001, but retained ownership of the Shark Club parcel, revealing that it was in discussions with an undisclosed partner to build a timeshare project on the site.
[8] Diamond Resorts International, owner of the neighboring Polo Towers timeshare complex, announced plans for The Chateau in February 2002.
[4] Marriott Vacation Club bought out Lakes's interest in the project, including ownership of the land, in June 2003.