LAS VEGAS -- Las Vegas-based vacation ownership firm Diamond Resorts
acquired two rival firms following the company’s initial public stock
offering, which closed a week ago.
Diamond Resorts said in a
statement late Wednesday it bought seven properties in Florida operated
by Island One and acquired seven properties in Las Vegas, California and
Mexico owned by Pacific Monarch Resorts.
Last year, Diamond Resorts acquired most of Pacific Monarch management agreements.
The company did not disclose financial details for the transactions.
“These
types of acquisitions represent an excellent strategic growth platform
for our business,” Diamond Resorts Chief Executive Officer David Palmer
said in a statement. “Coinciding with our initial public offering, these
transactions will benefit our business by adding significant cash flow
to our hospitality management segment.”
Diamond Resorts has a network of more than 300 vacation destinations in 33 countries.
Shares of Diamond Resorts closed at $15.40 on the New York Stock Exchange, up 7 cents or 0.46 percent.
Wyndham time shares pitch more, sell more
The world's largest time-share developer reported an increase in sales for the second quarter, driven by a higher volume of guests going on tours to hear sales pitches.
Wyndham Worldwide Corp., the parent company of Orlando-based Wyndham Vacation Ownership, said its time-share operation had revenue of $630 million for the three months that ended June 30. That figure was up 11 percent compared with the same period a year earlier.
Partly driving the increase was Wyndham's acquisition of Shell Vacations Club, an early pioneer in the time-share business.
Wyndham said its time-share sales were up 5 percent from a year ago, driven by a 10.8 percent increase in "tour flow," or the number of people sitting through its sales pitches. But the company's marketing efforts were less effective, as the "volume per guest" — or the amount of revenue generated per tour —- decreased by 4.4 percent.
HOW DOES IT WORK
HOW IT WORKS: No Timeshare provides you with hundreds of pages of research on your resort. This will include consumer complaints, past lawsuits against the resort, State Attorney Generals complaints and news articles. All showing where hundreds of other people have been scammed. I then provide a demand letter stating you are disputing the purchase and giving them 30 days to respond or this information will go public. It works, contact me today.
This program works if you were misled and lied to during your presentation. Resorts can no longer place the blame on the salesperson, they allow it and the salesman is a representative of the resort. Hold them accountable.
San Luis files suit against Wyndham Worldwide
And we wonder how these resale company's get a timeshare owners name.
GALVESTON, Texas — The San Luis
Resort, Spa & Conference Center is
suing two former managers and
Wyndham Worldwide Corp., accusing
them of conspiring to poach
employees and of stealing proprietary guest lists.
Island-born billionaire Tilman Fertitta owns the The San Luis, 5222
Seawall Blvd.
The lawsuit never specifies which Wyndham-managed property is at issue
in the lawsuit. Court papers describe a beach-front hotel and spa on the
seawall managed by Wyndham. Wyndham Corp. manages Hotel Galvez &
Spa, 2024 Seawall Blvd.
GALVESTON, Texas — The San Luis
Resort, Spa & Conference Center is
suing two former managers and
Wyndham Worldwide Corp., accusing
them of conspiring to poach
employees and of stealing proprietary guest lists.
Island-born billionaire Tilman Fertitta owns the The San Luis, 5222
Seawall Blvd.
The lawsuit never specifies which Wyndham-managed property is at issue
in the lawsuit. Court papers describe a beach-front hotel and spa on the
seawall managed by Wyndham. Wyndham Corp. manages Hotel Galvez &
Spa, 2024 Seawall Blvd.
TRAVEL CLUB RECISSIONS
Cancelling your travel club membership varies from state to state.
Missouri has a three day rescission period, but there is a clause "as
long as your membership benefits have not been accessed." Which is why
the travel club will try and sell you a motel stay or show tickets. This
is a trick used by them to keep you in the deal. Be very careful, they
may even give you a restaurant gift card or "free tickets".
When you do cancel, mail everything back to the club registered mail along with a letter stating you are cancelling. You do not have to give a reason.
Visit www.timeshareschool.blogspot.com for more information.
When you do cancel, mail everything back to the club registered mail along with a letter stating you are cancelling. You do not have to give a reason.
Visit www.timeshareschool.blogspot.com for more information.
Couple sued for scamming 30,000 timeshare owners
SEATTLE (AP) - An Olympia couple is being sued by the state of Washington for scamming 30,000 timeshare owners.
The civil lawsuit announced by Attorney General Bob Ferguson on Thursday is part of a national crackdown coordinated by the Federal Trade Commission.
The attorney general's office says Jonathan and Christine Gibbs fooled elderly consumers into paying them thousands of dollars to transfer ownership of their vacation timeshares to shell corporations.
Ferguson describes the scam as a large, complicated scheme that harmed about 30,000 consumers nationwide, including 1,500 people in Washington state. He says the couple collected more than $70 million while operating as 25 different companies.
It took Washington investigators 18 months to investigate and shut down the scam.
The Federal Trade Commission is announcing more than 80 civil lawsuits in 27 states.
The civil lawsuit announced by Attorney General Bob Ferguson on Thursday is part of a national crackdown coordinated by the Federal Trade Commission.
The attorney general's office says Jonathan and Christine Gibbs fooled elderly consumers into paying them thousands of dollars to transfer ownership of their vacation timeshares to shell corporations.
Ferguson describes the scam as a large, complicated scheme that harmed about 30,000 consumers nationwide, including 1,500 people in Washington state. He says the couple collected more than $70 million while operating as 25 different companies.
It took Washington investigators 18 months to investigate and shut down the scam.
The Federal Trade Commission is announcing more than 80 civil lawsuits in 27 states.
Thousands of timeshare owners face unexpected repair bill
CALGARY- Timeshare owners at the Sunchaser Villas in Fairmont B.C.
were taken by surprise when they were billed for repairs at the resort.
Glenn and Terry Graversen of Calgary have had a two-week timeshare at Sunchaser Villas for the past 16 years.
They now have to pay $4,000 for renovations to the villas or as an alternative, pay $3,000 to cancel their contract.
The vacation villas at Fairmont went bankrupt several years ago and the new owner says the assessment is necessary because maintenance had been neglected for years.
But the Graversens say this isn’t what they signed up for. The couple says they have paid maintenance fees every year and it isn’t their fault the previous owners of the resort let maintenance slide.
“My concern is that they purchased it and now they’re making us pay
for their mistake of purchasing a property that wasn’t worth what they
paid for,” says Terry Graversen.
The new company running Sunchaser says timeshare members weren’t charged enough for upkeep in the past, and without this renovation, they stand to lose their investment.
“We believe the owners probably should have been charged about $300 to $400 a year more for the last 15 years to properly address the maintenance of the resort,” says Kirk Wankel of Northwynd Resort Properties.
The company says most of the money will be be used to replace the Poly-B piping throughout the resort. The plastic piping has been banned because it leaks.
Timeshare members in Alberta and B.C. have hired lawyers to fight the case.
They will be in court next month.
Glenn and Terry Graversen of Calgary have had a two-week timeshare at Sunchaser Villas for the past 16 years.
They now have to pay $4,000 for renovations to the villas or as an alternative, pay $3,000 to cancel their contract.
The vacation villas at Fairmont went bankrupt several years ago and the new owner says the assessment is necessary because maintenance had been neglected for years.
But the Graversens say this isn’t what they signed up for. The couple says they have paid maintenance fees every year and it isn’t their fault the previous owners of the resort let maintenance slide.
The new company running Sunchaser says timeshare members weren’t charged enough for upkeep in the past, and without this renovation, they stand to lose their investment.
“We believe the owners probably should have been charged about $300 to $400 a year more for the last 15 years to properly address the maintenance of the resort,” says Kirk Wankel of Northwynd Resort Properties.
The company says most of the money will be be used to replace the Poly-B piping throughout the resort. The plastic piping has been banned because it leaks.
Timeshare members in Alberta and B.C. have hired lawyers to fight the case.
They will be in court next month.
DIY MADE EASY
With my DIY Book you can follow the easy step by step guide to build a winnable case against your timeshare or travel cub.
I also have hundreds of pages of research that includes: Complaints by owners, court records where the resorts have been sued for misrepresentation, news articles from media investigations and who's who behind the resorts and clubs.
Click here Resort and Club Research to check out what's available.
Have you hired an attorney already? This research will help him prepare your case. If your attorney put the hours required into gathering all this information it would cost you a small fortune in billable hours.
I also have hundreds of pages of research that includes: Complaints by owners, court records where the resorts have been sued for misrepresentation, news articles from media investigations and who's who behind the resorts and clubs.
Click here Resort and Club Research to check out what's available.
Have you hired an attorney already? This research will help him prepare your case. If your attorney put the hours required into gathering all this information it would cost you a small fortune in billable hours.
It Works
You can get out of that timeshare or travel club. When you do they will make you sign a nondisclosure and retract any posted complaints on the internet,
Order my book or email me at notimeshare@gmail.com
Order my book or email me at notimeshare@gmail.com
UPDATE: Fire Damages Silver Leaf Hill Country Resorts at Canyon Lake Thursday, June 6th, 2013
Will be interested in seeing who will pay to rebuild.
http://kgnb.am/news/update-fire-damages-silver-leaf-hill-country-resorts-canyon-lake
http://kgnb.am/news/update-fire-damages-silver-leaf-hill-country-resorts-canyon-lake
Order Research on Your Timeshare or Travel Club. http://timesharegetout.blogspot.com/2013/06/get-research-on-your-resort.html
Thinking of buying a timeshare or Travel Club? Do you
have an appointment for a sales presentation scheduled? Planning a
lawsuit against your timeshare?
I have worked several years and countless hours researching complaints, court records, news articles and emails from timeshare and travel club owners who were tricked and lied to during their sales presentation.
You can now buy the past research on your resort or club. All research is compiled from public records, internet and newspapers. If you are ordering the DIY Get Out book then the research with save you many hours of work.
If your resort or club is not listed to the right please email me at notimeshare@gmail.com to find out what research is available. I have information on lots of resorts, too many to list on the Buy Now buttons.
Order Research
I have worked several years and countless hours researching complaints, court records, news articles and emails from timeshare and travel club owners who were tricked and lied to during their sales presentation.
You can now buy the past research on your resort or club. All research is compiled from public records, internet and newspapers. If you are ordering the DIY Get Out book then the research with save you many hours of work.
If your resort or club is not listed to the right please email me at notimeshare@gmail.com to find out what research is available. I have information on lots of resorts, too many to list on the Buy Now buttons.
Order Research
Get Yourself Out - The Timeshare How To Book for Getting Out
USE THE "BUY NOW" BUTTON ON THE RIGHT SIDE OF THE PAGE AND LEARN THE SECRET TO GETTING OUT OF THAT TIMESHARE OR TRAVEL CLUB WITHOUT SPENDING A TON OF MONEY. ONLY 49.95 THROUGH PAYPAL.
Ready to get out of that Timeshare or Travel Club? My new book will guide you step by step on how you can get that fraudulent contract cancelled and get money refunded.
My book will guide you step by step on how to present your case to the resorts or travel club demanding out of your contract and money back.
It includes letters you need to cancel your autodraft, stop harrassing collection calls, contacting the proper government offices and how to get help from the media.
You will start by sending a dispute letter stating your intentions, and informing them to stop the auto payments and you will be sending evidence to back up your claim.
The book also includes a questionnaire for you to answer that will remind you of your sales presentation and what promises we're made that we're just not true.
Don't pay some company 1500-2000 dollars to get you out of your contract. You can do it just as effectively at a fraction of their cost. Besides most of these companies list in their fine print, if you are foreclosed on, then they have gotten you out of your timeshare.
Follow these steps and get free of that burden before your next maintenance fees are due.
Email notimeshare@gmail.com for more information or order using Paypal button at right.Book will be delivered in two to three weeks on disk in a pdf format.
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