Archive for the 'Fairfield Resorts' Category

Wyndham Worldwide – Cendant Spin Off – RCI Branch

Wednesday, January 28th, 2009


Here is the presentation about the new company that contains the hotel business, RCI and vacation rental branch, and TS branch (FF& TW). It was post in FF’s Yahoo group by Glenn first.

It is for investor, so it contains a lot of interest numbers.

If look from RCI, renting earns about the same as exchange. So in any forseeable future, RCI will not go away from rent unless it loss in the on-going legal fight.

Their TS selling expense is 50%, I though I saw Perry’s post about 35% to 40% for WM. Guess FF’s selling cost is too high. Consider there is close to 50 years of history on TS, it is sad. The real cost is only 25%. Unfortuantely, FF resell can not even make the real cost, probably because people don’t have good trust on that branch. Majority of the revenue is coming from selling, so they need to expand more.

They report total 18,000+ units in TS, and 750,000+ owners. Which means if each owner owns one week, it is 41+ week. And FF suppose hold 20% inventories in the trust, assume it is true for WM, so each owner will own less than a week on avg, which is not matched what I read, I believe avg. each owner actaully owns more than 1.5 weeks. They probably oversell if the number in that report is right.

Using their hotel number, it is $61+ expected cash flow per room per night. Which means if you have more than $420 per week (60* 7) for 1 BR in MF, that will be too much. But most of their hotel are in low end.

Jya-Ning

http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/digg_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/reddit_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/delicious_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/blinklist_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/furl_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/google_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/myspace_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/facebook_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/yahoobuzz_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/mixx_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/twitter_48.png

Entanglements Sows Seeds of Confusion – Bluebeard’s Castle / Wyndham ?

Wednesday, January 28th, 2009


Entanglements Sows Seeds of Confusion

To confuse federal and state authorities about the affiliations between the entities that develop the interval time-share properties and the actual companies that manage the properties, and the various subsidiaries, it is common within the time-share industry to create companies with similar names, and shuffle subsidiaries like dominoes or playing cards. When heat is pressed against one-card, the shuffler simply rotates (changes the company name and owner) to another hand. It is this technique that keeps law enforcement agencies and consumers from investigating the fraudulent patterns of ownership.

Consider these facts with respect to BlueBeard’s Castle Hilltop Villas III. As of January 1st, 2007, Fairfield Resorts, Inc. has been listed as the owner/developer of BlueBeards Castle Hilltop Villas III. In the spring of 2007, this same company purchased Wyndham Vacation Resorts, Inc. Wyndham Vacation Resorts, Inc has a principal address of 8427 South Park Circle, Orlando, FL 32819. In fact, Fairfield Resorts, Inc. also has a principal business address of 8427 SouthPark Circle, Suite 500, Orlando, FL 32819. The company that issues the deeds to purported owners of the time-share units has the same address as the purported developer.

However, instead of retiring the Wyndham Vacation Resorts name as is typical when a majority owner takes control, and desires to spread the successor’s brand name, the old and subdued Wyndham Vacation Resorts, Inc is still prevalent upon the fairfieldresorts.com website, and most stationery.

In recent times, there are numerous instances when a consumer has contacted Fairfield but instead they are told that the company has been sold to or bought by Wyndham Vacation Resorts. Consumers with unsettled complaints are referred to either the “new” company or some company claiming to be an affiliate of the “new” company.

At the same time that fairfieldresorts.com is displaying images and symbols that suggests the website is owned and operated by Wyndham, an affiliate of Wyndham Worldwide Corporation, called Wyndham Hotels and Resorts, LLC, operates a nearly identical website at http://www.wyndham.com/main. This website makes no mention as to whether or not it is owned by or associated with Fairfield Resorts, Inc. no exact street address is listed, however when one attempts to contact the company, the website refers a reader to http://www.wyndhamworldwide.com/ instead of fairfieldresorts.com, the website of the alleged purchaser.

In clicking on websites that Wyndham Worldwide claims to be official affiliates, the fairfieldresorts.com is not amongst the ones listed.

Equivest St. Thomas, Inc. is a subsidiary of Fairfield Resorts, Inc., claims a telephone operator employed by Fairfield. Fairfield Resorts, Inc. also operates its own title and recording business at the same address used by its other subsidiaries.

Despite its questionable customer service record, SPM Resorts, Inc. has been expanding its business partnerships. The Timeshare Beat, an online research website featuring timeshare news, claims that SPM Resort, Inc. has taken over management responsibilities for The Blue Tree Resort at Lake Buena Vista in Orlando, Peppertree By The Sea in Myrtle Beach, SC, and Outer Banks Beach Clubs I and II at Outer Banks, NC.

Aside from commentary from numerous consumer-oriented websites, public files from a Consumer Proctection Agency paint an unflattering image of SPM Resorts, Inc., and its executive officers, as well as details of alleged unsavory and/or illegal acts that the company is apparently willing to do collect upon a perceived or fabricated debt.

Consumer Allegations of Fraud, Deception, and Identity-theft Unanswered
According to public records, at least one consumer has alleged a billing and identity-theft scheme against persons associated with SPM Resorts,Inc. On or about JULY 19TH, 2006, public records indicate that a consumer sent a certified letter to SPM RESORT MANAGEMENT, 1051 SHINE AVE, MYRTLE BEACH SC 29577 to the attention of “Tom Anderson”, an alleged Executive Vice-President of the company. The consumer demanded documentation that evidenced the legality of the billing practices of SPM Resorts, Inc. In other words, why was SPM Resorts, Inc. sending invoices to persons who claimed they had no relationship with the company, who claimed they did not own or buy any time-shares associated with the company, who claimed they had no outstanding loans with the company or their affiliates, and who stated they did not wish to be associated with SPM Resorts, Inc? None of the questions were answered or responded to by Mr. Anderson or SPM Resorts, Inc.

CLICK HERE FOR FULL STORY * * *

http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/digg_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/reddit_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/delicious_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/blinklist_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/furl_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/google_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/myspace_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/facebook_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/yahoobuzz_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/mixx_48.png http://sellingtimesharestoday.com/wp-content/plugins/sociofluid/images/twitter_48.png