TImeshares

COSTCO TRAVEL – Cancun: Omni Buyer’s Choice Package – 5 Nights from $275*

January 28th, 2009

COSTCO TRAVEL OFFERS RESORTS AT A DISCOUNT
5 NIGHTS from $275 !!!!!!! (click here)

Look at What’s New at Costco Travel!
In addition to Mexico, Caribbean and Hawaii packages, you can now book Europe single-city vacations online.
We’ve recently added sightseeing tour descriptions, for those wanting to research tours and activities prior to booking a vacation. Once you’re ready to book, sightseeing is just a click away.
Our online booking tool now reflects each destination we offer, making it an easier, more convenient way to shop.
Now Offering:
Orlando, Florida theme park packages are now available featuring the beautiful Sheraton Vistana Villages. Great condominium accommodations for families, which include theme park tickets, resort credits and more!
Costco Travel is proud to offer some of the most sought-after new cruise ships in the travel marketplace:
Carnival Dream and Carnival Splendor
Celebrity Solstice and Celebrity Equinox
Holland America Eurodam,
Princess Cruise Line’s Ruby Princess
Royal Caribbean Oasis of the Seas
Seabourn Odyssey
Uniworld River Beatrice
How to find our best values:
Plan ahead for Spring vacation! Be sure to watch for our special spring promotions, featuring extra savings and limited-time values.
Buyer’s Choice Package: Accommodations, transportation and sightseeing tours are suggested by Costco Travel buyers. Your length of stay can be extended to suit your needs.
Your Way Package: Choose from the featured accommodations, transportation, sightseeing tours and length of stay to create your own experience.
For assistance with online booking, or to inquire about other destinations, packages, cruises and all of Costco Travel’s exciting vacation options, please call toll free 1-877-849-2730.
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Diamond Resorts International Charging very high management fees which represent a complete rip off. Lancaster Nationwide

January 28th, 2009

Diamond Resorts International (formerly Sunterra, formerly GVC)

have decided to increase the yearly management fees to a ridiculously high level which makes the timeshare ownership no value for money. You either pay the fee or loose everything including the initial payment for being a member.

They will not buy back the points or ownership.

There is no limit to how much they can charge each year and people are powerless to do anything to stop them. I was promised good value for money, no rip off merchants, no scams but it turns out that Diamond Resort International are modern day pirates.Please be aware of this company and don’t be taken in by the sales talk. There has been a steady yearly increase in the management fee’s until last year when it greatly increased, they also insisted on as payment during the year (small print again !) which is within their rights to do so. This year the fee’s increased by 35%.

Remember the name – Diamond Resorts International.
by Andrew Stanley / United Kingdom
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Extra Holidays – Experience a Timeshare Without Being an Owner

January 28th, 2009

Extra Holidays specializes in offering quality vacation accommodations throughout the United States, Virgin Islands, Puerto Rico and the Bahamas. Extra Holidays is a specialized, resort condominium rental operator and a part of Wyndham Vacation Ownership which is headquartered in Orlando, Florida. A subsidiary of Wyndham Worldwide, Wyndham Vacation Ownership is the world’s largest vacation ownership business as measured by the numbers of vacation ownership resorts, vacation ownership units and owners of vacation ownership interests.
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Endless Vacations – Vacation Rentals?

January 28th, 2009

ENDLESS VACATION RENTALS BY WYNDHAM WORLDWIDE –

- Value.

For the cost of a long weekend at a hotel, Endless Vacation Rentals offers travelers accommodations for a whole week in a vacation rental. Plus, there is no extra charge for additional guests up to the selected accommodations’ maximum occupancy – representing a significant per person cost savings.

Independence and Flexibility – Accommodation options available at Endless Vacation Rentals cater to different needs so everyone is able to do what he/she enjoys most. Dad and the guys can watch the game in the living room; cartoons entertain the young ones in a bedroom; while the gals lounge by the pool; and grandpa enjoys an afternoon snooze on the patio/balcony…all before they re-group for an evening grill-out right on-site.

Established & Reliable Part of Group RCISM, Endless Vacation Rentals is backed by a leader in hospitality founded in 1974. Group RCISM is a subsidiary of Wyndham Worldwide Corporation, one of the world’s largest hospitality companies.

Wyndham Worldwide offers individual consumers and business-to-business customers a broad suite of hospitality products and services across various accommodation alternatives and price ranges through its premier portfolio of world-renowned brands in hotel franchising, vacation rental and exchange and vacation ownership. For more about us, please see the about us page.

(READ FULL ARTICLE ON ENDLESS VACATIONS / WYNDHAM)


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CENDANT’s HOSPITALITY SPIN OFF to be named WYNDHAM WORLDWIDE

January 28th, 2009

CENDANT’s HOSPITALITY SPIN OFF to be named WYNDHAM WORLDWIDE

PARSIPPANY, N.J. 03-16-2006

Wyndham Worldwide will become the name of the new hospitality company expected to be created by Cendant Corporation (NYSE: CD) later this year in the previously announced spin-off of its lodging, vacation exchange and rental, and timeshare resorts businesses, it was announced today.

SEE FULL RELEASE ( click here )

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Wyndham Worldwide – Cendant Spin Off – RCI Branch

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

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

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 * * *

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Time-share Companies fined $1.2M for telemarketing calls

January 28th, 2009


Timeshare Companies fined $1.2M for telemarketing calls

Featured Topics:

WASHINGTON – One of the nation’s largest time-share companies is going to be shelling out nearly a $1 million for making phone calls to people on the national “Do Not Call” list, federal regulators said Tuesday.

Westgate Resorts, based in Orlando, Fla., was named in a complaint filed on behalf of the Federal Trade Commission. The agency alleged that Westgate and two other companies placed thousands of telemarketing calls to people on the list. The FTC says Westgate has agreed to pay $900,000 to settle the charges.

The commission on Tuesday also announced a $275,000 settlement with another Florida-based travel company, Accumen Management Services Inc., and its subsidiary, All in One Vacation Club, LLC. The company made telemarketing calls to consumers who had filled out entry forms for a sweepstakes to win vacation packages. Many of those called, the FTC said, were on the Do Not Call registry and did not agree to receive the telemarketing pitches for timeshares and vacation getaways.

In the case of Westgate, the agency received several thousand complaints from consumers.

The commission said Westgate bought phone numbers from an Internet-based lead generator that collected contact information in connection with offerings on its Brandarama.com web site.

The two other companies named in the Westgate complaint are: Central Florida Investments Inc., and CFI Sales and Marketing, LLC., which both did telemarketing for Westgate.

The combined fines of $1.17 million will go to the U.S. Treasury.

Calls to Westgate and Accumen seeking comment were not immediately returned.

The latest enforcement actions bring to 40 the number of Do Not Call cases the government has filed against companies since the registry began in June 2003. The biggest case to date involved satellite television provider DirecTV Inc., which paid a $5.3 million settlement.

More than 167 million phone numbers have been placed on the Do Not Call registry.

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Westgate Resorts – Where does the money go that you invested in your Westgate Property ?

January 28th, 2009

click on picture to watch the video

David A. Siegel

Founder, President, and CEO

Westgate Resorts Founder

Special Video that Features David Siegel’s
Older Smaller Home.

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Hotel Lays Off Workers Amid Expansion Plans – Hilton Grand Vacations

January 28th, 2009

Hotel Lays Off Workers Amid Expansion Plans
Wednesday, January 21, 2009

ORANGE COUNTY, Fla. — Timeshare companies are taking a beating because of the economy and it’s costing Central Florida residents their jobs.

Hilton Grand Vacations, which is headquartered in Orlando on Metrowest Boulevard has laid off full-time employees from its staff of 3,500.

Eyewitness News reporter Robert Maxwell has learned that there were 187 company wide layoffs at the Hilton Grand Vacations.

A Hilton representative said they plan to expand in Orlando’s tourist corridor and was eager to talk about expansion plans.

“We see a lot of opportunity for tourism and so we are very bullish on Orlando,” said a Hilton representative.

In a statement released by Hilton’s corporate headquarters the international hotel chain confirmed that a number of full-time positions were eliminated across the organization, specifically at the Hilton’s Grand Vacations division where timeshares are sold at sprawling resorts.

What’s unusual about the Hilton layoffs is they come at a time when the Hilton family has big expansion plans in Orlando.

Hilton proudly told Channel 9 its timeshare properties are growing with the first phase of Club Parc Soleil, which is a seven phase 52-acre project south of Sand Lake Road.

A Hilton hotel is planned for the Old Knights Inn on International Drive and next to the Orange County Convention Center, the 1,400-room Orlando Hilton is set to open in the summer of 2009.

Channel 9 tried to find out why they cut jobs while there were plans to expand in Orlando, but no one at the Hilton executive office would discuss the layoffs.

“I’m sorry sir, but we cannot comment. We gave you a number you can call,” said one representative.

WFTV called the number, but the corporate spokesperson wouldn’t detail the job losses only the expansion.
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