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Zealandia Holding Company (ZHC) is a value-added strategic investor formed to leverage the assets, businesses and teams of ZHC and its subsidiaries. Since 2001, ZHC has acquired or invested in 22 companies covering a wide range of resort real estate and related businesses. ZHC’s strong history of operational excellence, brand development and sector expertise further develops its portfolio companies for sustainable profitability and growth. With a focus on investing in Travel and Leisure and related businesses, ZHC is uniquely positioned to provide the resources and relationships necessary to maximize the value of our companies.

Our Subsidiaries

Focusing on specific aspects of the vacation ownership industry.


Festiva is one of the most successful privately held vacation ownership companies in the country, marketing and selling vacation ownerships through its innovative points-based membership program.

Zealandia Capital

Zealandia is a quality leader in the debt collection and loan servicing industry. Abiding by the mission statement of Listen, Connect, Collect, the company has built trust through accurate, reliable and customer-centric solutions.

RTX - Resort Travel & Xchange

Resort Travel & Xchange is the low-cost leader in timeshare exchange, offering flexible and affordable exchange options and a variety of benefits beyond exchange, with the choice of thousands of destinations worldwide.

Festiva Sailing Vacations

Festiva Sailing Vacations operates a fleet of luxury sailing catamarans in the Caribbean and Greek isles. Let the experienced crew guide you to hidden beaches and coves in this bucket list adventure.

Patton Hospitality Management

Handling all aspects of the hospitality industry, Patton Hospitality Management oversees 28 distinctive properties throughout the country, as well as luxury, all-inclusive sailing vacations.

Executive Team

Herbert "Butch" PatrickJr.

Chief Executive Officer & Co-Founder

Mr. Patrick brings more than 30 years of experience in the vacation ownership industry Zealandia Holding Company, Inc. As CEO, he is responsible for setting the company’s strategic vision and direction, driving the company’s culture and leading the company’s executive team. He is serves as chairman of the company’s board of directors.

Prior to co-founding Zealandia, he served as Chief Financial Officer of Peppertree, Treasurer of Equivest Finance, Inc. and was on the executive committees of both companies. In addition, Mr. Patrick acted as an advisor on key resort acquisitions for Equivest; was responsible for all aspects of the company’s accounting, finance, human resources, and legal departments; and monitored other related vacation ownership entities, including a dozen Homeowners’ Associations.

Before joining Peppertree in 1996, Mr. Patrick was a partner in Painter, Patrick and Russell, P.A., a Certified Public Accounting firm that served as Peppertree’s outside auditor. For 19 years, he was responsible for all audits and reviews that included Peppertree Resorts and its many affiliates.

Mr. Patrick is a Trustee with the American Resort Development Association (ARDA) as well as a member of their board of directors. He also serves on the Asheville Art Museum Board of Trustees and the Western North Carolina Nature Center Board of Directors. He is a former member of the North Carolina Association of Certified Public Accounts and the American Institute of Certified Public Accounts. Mr. Patrick also served previously as director for the Asheville Chamber of Commerce.

He is a graduate of East Carolina University.

Will Horton


As President of Zealandia Holding Company, Inc. (ZHC), Will Horton will work alongside Herbert “Butch” Patrick, Jr., ZHC’s Chief Executive Officer, to communicate and implement the company's vision, mission, and overall direction. He also serves as director on the company’s board.

Horton began his career with the company in 2003 as the General Manager of Church Street Inn, located in Charleston, SC. Over the next fourteen years, he worked diligently to grow resort operations into a successful division of the company and then, the standalone subsidiary of Patton Hospitality Management (PHM). During this time, Horton served as SVP of Resort Operations, serving on the company’s executive committee and then President & CEO of PHM.

As President & Chief Executive Officer of Patton Hospitality, Horton is responsible for the operations management of 45 HOAs at 31 resorts in five countries and 13 states. With more than $400 million in assets under management, PHM oversees $100 million in annual HOA budgets and $65 million in rental and other travel related services and products.

Prior to his career with ZHC, Mr. Horton held operation management positions for Wild Dunes Resort, AmeriSuites, Hampton Inn, Interstate Hotels & Resorts, and Festiva Resorts. Mr. Horton is a Registered Resort Professional, as recognized by the American Resort Development Association (ARDA) as well as a Trustee, a Real Estate Broker and former Board Member for the University of South Carolina College of Hospitality, Retailing and Sport Management Alumni Steering Committee.

Mr. Horton received a Bachelor of Science degree in Hotel, Restaurant, and Tourism Management from the University of South Carolina as well as post-graduate certificates from the American Hotel & Lodging Association Institute.

Catherine Claussen

Chief Legal Officer & SVP of Corporate Development

As Chief Legal Officer & SVP of Corporate Development, Ms. Claussen is responsible for the company’s legal and regulatory compliance, overall legal strategy and risk management as well as subsidiary development and business line management.

Ms. Claussen received her undergraduate degree in Political Science from Appalachian State University. She then went on to receive her Juris Doctor, Business Distinction, from Campbell University School of Law and her Master of Business Administration from Appalachian State University. Ms. Claussen is a member of the North Carolina State Bar, the Missouri State Bar, and is admitted to practice in both state and federal court.

Dennis Patenotte

SVP & Chief Financial Officer

Mr. Patenotte brings over 10 years of experience as a senior financial analyst in the industry. As CFO he is responsible for directing the overall financial plans and accounting practices as well as overseeing financial and accounting system controls and standards, forecasting and timely, accurate reporting of company-wide financials.

Mr. Patenotte is tasked with finding and improving financial inefficiencies in all areas of the company and its subsidiaries. In addition to his day to day fiduciary responsibilities, he is the organization's primary liaison with our financial partners and works diligently to direct and implement our financial growth strategies and capital investment projects.

Mr. Patenotte has his Masters of Business Administration from Western Carolina University.