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.

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.

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.

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.

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.

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.

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 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

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.

Busted: Timeshare agents?

According to the S.C. Department of Revenue:
- Hilton Head timeshare agent Leigh Anne Hoppe was arrested in July for failure to file state income tax returns for years 2007, 2008 and 2009. Hoppe, 48, earned income of $190,465 during years 2007 - 2009 with a tax liability of $8,944. Hoppe was required to file a South Carolina income tax return on or before April 15 for these tax years. If convicted, Hoppe could face up to three years in prison or fines of up to $30,000, or both.
- Robert Ray Lauderman was arrested by S.C. Department of Revenue investigators for failure to file income tax returns. During 2006, 2007, 2008, 2009 and 2010, Lauderman, a timeshare sales agent in Hilton Head, brought in $417,302 and allegedly failed to file his state individual income taxes during that time. Lauderman’s state tax liability for these years is $21,809. He’s facing up to five years in prison and/or fines of up to $50,000 if convicted.
- On July 12, state Department of Revenue investigators arrested Freda G. McKinney, a licensed Hilton Head timeshare sales agent, allegedly failed to file her state income tax returns for tax years 2006, 2007, 2008, 2009 and 2010. During this time she hauled in $633,269. Her tax liability is $25,771. McKinney, 58, could go to prison for five years or  get a $50,000 fine or both, if convicted.

Families Celebrate Summer with Wind Down Rates at Wyndham Orlando Resort

Wyndham owners: Have you been wondering why you cannot book a week with your timeshare/ Maybe because it is being rented to the general public starting at $67 per night.


ORLANDO, Fla. – Located in the heart of one of the world’s most popular vacation destinations, Wyndham Orlando Resort encourages families to soak up Orlando fun and sun this summer while winding down from the hectic pace of the school year, with rates starting as low as $67 per night now through Sept. 30, 2012.
Guests can take advantage of these great Florida savings and make their reservations by visiting www.wyndham.com/hotels/MCOWD/main.wnt or calling (407) 351-2420. Rates are subject to availability.
Families can celebrate summer in sunny Orlando with spectacular vistas of more than 42 well-manicured acres filled with lush gardens and lagoons. The Wyndham Orlando Resort has a grand history of providing guests with the simple pleasures of summertime from the comfort of 1,052 guest rooms sprinkled throughout 16 two-story, villa-style accommodations and close proximity to the exciting pace of Orlando’s magic.
A myriad of activities instantly embrace families at Wyndham Orlando Resort, from splashing in one of three swimming pools and enjoying a casual stroll along the lush garden path, to enjoying refreshing ice cream sundaes at the resort’s on-site Scream’s Ice Cream Parlor. With Florida’s most thrilling theme parks just minutes away, guests enjoy the resort’s complimentary shuttle service to nearby Universal Orlando Resort, Wet ‘n Wild Orlando and SeaWorld Orlando parks.
After a busy day hitting the theme parks or attending business meetings, guests can unwind poolside at Gatorville Poolside Bar & Restaurant, while enjoying “Floribbean” specialties merging Key West and Caribbean influences. As the sun sets on the day, Augustine’s Bar and Grille – Wyndham Orlando Resort’s signature restaurant – offers continental cuisine, including sumptuous seafood and superior steaks in a casual atmosphere.
Business travelers enjoy the convenient option of more than 39 meeting rooms, anticipating any group’s needs by providing state-of-the-art technology and support. Offering more than 70,000 square feet of flexible meeting space, Wyndham Orlando Resort provides an unparalleled venue for seamless events, including three elegantly appointed ballrooms, as well as the Grand Lawn and Pool Pavilion for sensational outdoor galas. With tailored banquet options and creative food and beverage menus, Wyndham Orlando Resort provides exemplary service and attention to every detail.

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.

Victims sought in timeshare scam

Please check this article.

http://www.theunion.com/article/20120622/NEWS/120629921/1007&parentprofile=1053

Florida Passes Timeshare Law To Protect Consumers


Timeshare scams have been an ongoing problem and have reached the point that they are the largest consumer complaint made in many regions of the country. To help combat this growing problem, Florida Governor Rick Scott has signed a new timeshare law (the Timeshare Resale Accountability Act) giving consumers better protection against these scams which goes into effective on July 1, 2012.
The problem is that due to the current economic conditions, timeshare owners are finding it extremely difficult to sell their timeshare. Many of them find themselves in a situation where they can't get out of their timeshare even though they no longer want it. This has made them easy prey from scam artists who mislead them into thinking that they have someone who wants to buy their timeshare.
Once the timeshare owner bites, the scam artist then requests thousands of dollars in upfront fees for such things as title or closing costs. Once paid, the supposed buyer never materializes and the scam artists claim that they were merely offering advertising services for the upfront money paid.
While the new law provides a number of new consumer protections, the four main points are as follows:
1. Timeshare resale advertisers can't claim there's someone interested in the owner's timeshare without providing the purchaser's name and address.
2. Timeshare resale advertisers must provide a written contract for agreement of services that must be signed by the timeshare owner before it can collect any fees or engage in any resale advertising activities.
3. Timeshare owners have seven days to cancel any signed contract with a timeshare resale advertiser. If a timeshare owner cancels a contract, the timeshare resale advertiser has 20 to provide a full refund to the timeshare owner.
4. Any timeshare resale advertiser which violates the law's provisions can be hit with a penalty which may not exceed $15,000 per violation under the Unfair and Deceptive Trade Practices Act.

Political notebook: Bondi touts timeshare law reforms

Timeshare Resale Accountability Act, which protects timeshare owners from timeshare resale fraud in Florida.

http://www.naplesnews.com/news/2012/jun/23/political-announcements-collier-lee-counties-fla/

Timeshare owners warned to look out for buyer scam .

by Jordan Gray
Bio | Email | Follow: @
KTVB.COM
Posted on June 24, 2012 at 1:55 PM
Updated today at 8:28 AM

BOISE -- The Idaho Department of Finance is warning timeshare owners to be on the lookout for a scam involving fake buyers.
Department of Finance Director Gavin Gee said that All Net Escrow claims to be located in Eagle, Idaho. However, the business that is actually located at that address became concerned after someone walked in looking for escrow services. The DOF said that they have not licensed All Net Escrow in any capacity.
Gee said that All Net Escrow appears to be working with another company listed at a false address in Oklahoma City: Castle Wealth Management. While a Capital Wealth Management does exist, the DOF said that it is a legitimate business based out of Florida and not the one targeted in their investigation.
Timeshare owners with units in Mexico seem to be the main target of the scam. Gee said it works like this: Timeshare owners are contacted by Castle Wealth, who claim that they have a buyer for the timeshare and want to know if the owner is selling. All Net Escrow then sends account information to the owner, leading them to believe that funds have been received from the "buyer" and are being held in escrow.
The owner is then required to pay a "transfer fee" by wiring funds equal to between one percent and five percent of the sales price to a bank in Mexico. Owners are told this fee will be refunded once the transaction closes.
Gee said that at least one timeshare owner was presented with a fake escrow license fashioned to look like the ones issued by the DOF.
The DOF is asking that anyone who has been contacted by either of these companies call them at 208-332-8080 or toll free at 1-888-346-3378.

Diamond Resorts Proposes All-Cash Acquisition of Bluegreen for $6.25 per Share

Bluegreen Owners beware! You only have to google "Diamond Resorts Complaints" to see what a mess Diamond creates for it's owners.

Read the article here" http://www.marketwatch.com/story/diamond-resorts-proposes-all-cash-acquisition-of-bluegreen-for-625-per-share-2012-06-18

Timeshare Datashare: Resort Occupancy Remains Strong in 2011


Provided by ARDA International Foundation
According to the newly released State of the Vacation Timeshare Industry: United States Study, 2012 Edition, the timeshare industry reported an average 78.9% occupancy rate in 2011, compared with a 60% occupancy rate for the hotel industry. (Source: "STR Monthly Hotel Review: December 2011" Smith Travel Research)
Owners, their guests and exchange participants accounted for about 64% of available intervals. Renters accounted for another 12%, while marketing guests contributed another 3%. The percentage of occupancy related to rentals is up this year from 10% last year.
                        Occupancy Breakouts
datashare 201206 

Source: State of the Vacation Timeshare Industry: United States Study, 2012 Edition, conducted for the AIF by Ernst & Young

With numbers the industry is seeing, why can't you get into the resorts? The average is 21% vacant. With 3% being used for marketing guests, why are they letting potential members stay at the resorts and telling the owner there is no room for him.

What is Material Misrepresentation

material misrepresentation

  

Definition

Deliberate hiding or falsification of a material fact which, if known to the other party, could have aborted, or significantly altered the basis of, a contract, deal, or transaction.

Read more: http://www.businessdictionary.com/definition/material-misrepresentation.html#ixzz1wMoLphBk

Sunshine Vacations Coming Under Heat From Unhappy Customers


Kenneth and Marva Green love being on the open road on their Honda GoldWing. She's a Columbus school teacher and they were looking forward to a summer of travel.
That's why they bought a ten-week vacation plan through Sunshine Vacations that offered resorts and hotels all over the country as long as it wasn't peak season. They paid half of the $4,000 fee and tried to use it.
"They said the peak seasons would be around Christmas holiday and Thanksgiving and the Fourth of July and that was it," said Marva Green.
The Greens understood that and planned their vacations around non-peak time periods.
"Whenever we call and suggest a date, it's peak season according to them. October is our anniversary, we wanted to take a week then they said, 'That's peak season.' We said what about after the holiday? We book something in February, oh that's peak season," said Green.
They also had the same experience when they tried to book in March or April.
The Internet is full of complaints against Sunshine Vacations, which changed its name to Sundance Vacations on June 1.
The Better Business Bureau of Columbus said it has received 31 complaints in the last three years and the Ohio Attorney General's office said it has received 13 complaints in the last two years.
The owner, David Wise, said he has met with the BBB and is determined to get to the bottom of the complaints. He also said that most of the complaints have to do with marketing issues. He also said thousands of clients have used Sunshine Vacations since its inception in 2002. He claims most people are happy with the company.
He also asked that NBC 4 contact the Greens and give them his personal phone number so he can get to the bottom of their complaints.            
For additional information, stay with NBC 4 and refresh nbc4i.com.
To submit a story idea or news tip, e-mail Stories@nbc4i.com.

http://www2.nbc4i.com/news/2010/jul/06/sunshine-vacations-coming-under-heat-unhappy-custo-ar-135605/?referer=http%3A%2F%2Fwww.google.com%2Furl%3Fsa%3Dt&rct=j&q=bowersock+sunshine+vacations&source=web&cd=1&ved=0CD0QFjAA&url=http%3A%2F%2Fwww2.nbc4i.com%2Far%2F135605%2F&ei=UQiTT6aCMsWK6QGcx8m_BA&usg=AFQjCNGdxifjvZsHGdS4NpYow0w30DMLsQ&shorturl=http%3A%2F%2Fbit.ly%2Fh2peAc