Timeshare Resorts know they will have to refund and cancel 15% of their owners. That's just the cost of doing business.
Sounds like a large number until you realize 85%of owners are stuck with their timeshare purchase. Granted some owners actually love their timeshares.
Showing posts with label Monarch. Show all posts
Showing posts with label Monarch. Show all posts
WANT TO BE RID OF THAT TIMESHARE FOR GOOD
Timeshare Tricks will help you get out from that timeshare or travel club contract and get you your money back.
If the salespeople lied to you and misrepresented what you were buying you have every right to demand out.
Timeshare Tricks will help you with the entire process, we are not through until you are out.
Email me at timesharetricks@gmail.com or click on the "Buy Here" button on the right.
If the salespeople lied to you and misrepresented what you were buying you have every right to demand out.
Timeshare Tricks will help you with the entire process, we are not through until you are out.
Email me at timesharetricks@gmail.com or click on the "Buy Here" button on the right.
State sues second Branson travel club
FORSYTH — Less than a week after filing suit against a
Branson-area travel club, Missouri Attorney General Chris Koster is
suing another one.
On Dec. 15, Koster filed court documents in Taney County Associate Circuit Court against JD&T Enterprises, Inc. of San Diego, California, and against Forever Grand Vacations, of Branson. Forever Grand Vacations sells travel club memberships in Branson for its partner, JD&T Enterprises, which is doing business as Travel to Go, according to the suit.
On Dec. 11, Koster filed a similar suit against VSA, LLC; VSA
Holdings; Vacation Services of America, LLC; and International Travel
Solutions, LLC; and the individuals Thomas Wood, of Orlando, Florida and
Denver Wood, of Branson.
In this most recent suit, Koster is seeking a permanent injunction that would prevent the defendants from doing business in Missouri and would prevent the defendants’ representatives and employees from selling vacation benefits. Koster is also asking the court to require the defendants to provide full restitution to customers, and to pay refunds to all Missouri customers who provided notice to have their memberships rescinded. He is also asking the court for the defendants to pay the state an unspecified civil penalty, to pay the state 10 percent of the total restitution paid, and to pay all court costs.
According to the suit, Forever Grand Vacations and and Travel to Go were selling travel club memberships to customers in Branson.
The companies told the customers that the membership would give them access to large discounts. However, according to the suit, customers found that they were not able to get the discounts advertised and customers had difficulty getting out of their memberships.
According to Koster, the defendants have accepted at least $100,000 from at least 37 consumers for goods or services that were not provided.
Examples
The suit gives two examples:
On Jan. 26, 2013, a customer from Waynesville attended a presentation and purchased a membership for $3,288. He was told he would have six months to cancel and receive a full refund. After making payments for four months, the man decided to cancel; however, he was told it would cost him an additional $500 to cancel and he still had to pay the $3,000 balance on his membership fee.
He was also offered, for $500, an opportunity to sell his membership. The customer paid the balance on his membership, as well as the $500 listing fee. His membership was listed on a site with hundreds of others and he never received a refund. He is also still being contacted by the defendants with other offers.
Another customer, from Virginia Beach, Virginia, attended a travel club presentation in Branson in March and was told by his presenter that the presenter had gone to Hawaii on a 50-70 percent discount and that airfare can generally be purchased for 50 percent less than the normal rate.
The customer paid the membership fee of $5,544 up front. The customer then tried to book a cruise but found this his membership could not get him a lower price. He eventually got a $2,500 refund after attempting to cancel his membership, but he is still owed $2,044.
Counts
The suit accuses Forever Grand Vacations and Travel to Go of three counts of misrepresentation and one count of deception. It also accuses Travel to Go, specifically, of operating as a travel club in Missouri without being registered as a travel club in the state.
On Dec. 15, Koster filed court documents in Taney County Associate Circuit Court against JD&T Enterprises, Inc. of San Diego, California, and against Forever Grand Vacations, of Branson. Forever Grand Vacations sells travel club memberships in Branson for its partner, JD&T Enterprises, which is doing business as Travel to Go, according to the suit.
In this most recent suit, Koster is seeking a permanent injunction that would prevent the defendants from doing business in Missouri and would prevent the defendants’ representatives and employees from selling vacation benefits. Koster is also asking the court to require the defendants to provide full restitution to customers, and to pay refunds to all Missouri customers who provided notice to have their memberships rescinded. He is also asking the court for the defendants to pay the state an unspecified civil penalty, to pay the state 10 percent of the total restitution paid, and to pay all court costs.
According to the suit, Forever Grand Vacations and and Travel to Go were selling travel club memberships to customers in Branson.
The companies told the customers that the membership would give them access to large discounts. However, according to the suit, customers found that they were not able to get the discounts advertised and customers had difficulty getting out of their memberships.
According to Koster, the defendants have accepted at least $100,000 from at least 37 consumers for goods or services that were not provided.
Examples
The suit gives two examples:
On Jan. 26, 2013, a customer from Waynesville attended a presentation and purchased a membership for $3,288. He was told he would have six months to cancel and receive a full refund. After making payments for four months, the man decided to cancel; however, he was told it would cost him an additional $500 to cancel and he still had to pay the $3,000 balance on his membership fee.
He was also offered, for $500, an opportunity to sell his membership. The customer paid the balance on his membership, as well as the $500 listing fee. His membership was listed on a site with hundreds of others and he never received a refund. He is also still being contacted by the defendants with other offers.
Another customer, from Virginia Beach, Virginia, attended a travel club presentation in Branson in March and was told by his presenter that the presenter had gone to Hawaii on a 50-70 percent discount and that airfare can generally be purchased for 50 percent less than the normal rate.
The customer paid the membership fee of $5,544 up front. The customer then tried to book a cruise but found this his membership could not get him a lower price. He eventually got a $2,500 refund after attempting to cancel his membership, but he is still owed $2,044.
Counts
The suit accuses Forever Grand Vacations and Travel to Go of three counts of misrepresentation and one count of deception. It also accuses Travel to Go, specifically, of operating as a travel club in Missouri without being registered as a travel club in the state.
Diamond Resorts acquires two rival firms
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.
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.
Monarch Resort Woes
If it hasn't happened already, Monarch owners will no doubt be receiving a call from Diamond Resorts to schedule an "owners" update.
Actually you will be attending a sales presentation telling you to pay big money to convert to Diamond or be stuck competing with Diamond Members for Monarch properties. Research Diamond Resorts before you do anything.
Actually you will be attending a sales presentation telling you to pay big money to convert to Diamond or be stuck competing with Diamond Members for Monarch properties. Research Diamond Resorts before you do anything.
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