Consolidated Resorts and the Timeshare Resale Market September 21, 2010Posted by Bryan Connelly in : Customer Comments, General, News & Events, Timeshare Rental, Timeshare Resale, Timeshare Resource , add a comment
The Las Vegas-based Arthur Spector Companies has recently become the proud owner of the operating assets comprising the Tahiti Village resort and Club de Soleil as well as many resorts throughout Hawaii. In bankruptcy court the developer was the successful bidder on July 20, 2010. And while ownership has changed hands these resorts are still providing the same unforgettable vacation experiences. BuyATimeshare.com, specializing in timeshare resales, works with an active marketplace of buyers and renters who have been inquiring as to the fate of the Consolidated Resort.
Arthur Spector explains “We are pleased to bring this business back under our control of our local family that has succeeded in the timeshare business for over thirty years.” After Consolidated Resorts discontinued its operations in June 2009 due to the overwhelming effect of the credit crisis and the slowed economy, its major lenders put a halt to funding the properties. A Whitehall Fund, sponsored by Goldman Sachs, had initially made a significant investment by acquiring 75 per cent of the majority interest. Though the Whitehall Fund has since terminated its interest in the Consolidated Resorts group of companies, ownership has recently changed hands.
Consolidated Resorts has a collection of timeshare properties throughout Las Vegas and the Islands of Hawaii, providing affordable vacations for families and couples every year. “We are especially thankful that we were able to assist the trustee to protect the interest of over 100,000 timeshare owners in these difficult times. All of the timeshare resorts have remained fully operational, the owners have had uninterrupted use of their vacation plans and continue to choose Las Vegas and Hawaii as their vacation destinations. We look forward to rebuilding this vital sector of the Las Vegas economy.”
With the winter months approaching, Las Vegas resorts like Tahiti Village and Club de Soleil have become increasingly popular on the resale market. Vacationers enjoy a selection of Hawaiian destinations. Sands of Kahana Vacation Club, Kahana Beach Resort, The Gardens at West Maui, Kahana Villa Resort, Maui Beach Vacation Club, Maui Banyan Vacation Club, Kona Islander, and the Imperial Hawaii are just some of the magnificent destinations awaiting your arrival.
Buying a timeshare is a serious decision. With a growing inventory of Consolidated Resorts you are sure to find your next vacation property purchase or rental with BuyATimeshare.com. If you are looking to find a buyer or renter for your timeshare, our advertising program will expose your property to the millions of timeshare consumers around the world.
Exit Programs, Postcard Companies and Timeshare Owners September 15, 2010Posted by Bryan Connelly in : Customer Comments, General, News & Events, Timeshare Resale, Timeshare Resource, Travel , add a comment
It’s alarming, the number of timeshare owners turning to exit programs. Many timeshare owners have been subject to increased annual dues along with high resort assessment fees and need a way out. The strategies used by these companies have helped owners to unload unwanted timeshares… but at what cost? A growing number of consumers are reporting that some post card companies never transferred the ownership out of the individual’s name and now they remain liable for the maintenance fees.
For some, the exit companies provide instant relief, transferring ownership out of the timeshare owners name and into an LLC. An Exit program will operate like a middleman. Anyone can transfer the ownership of a timeshare however. Many companies are equipped to transfer timeshare ownership but it is paramount that the transfer is handled correctly and legally. One such company that we recommend is TransferATimeshareTitle.com. Fast and efficient is great, but you also want to know that your timeshare is in fact being transfered.
Post card companies send out mass mailers directly targeting timeshare owners across the US. Friendly representatives contact each owner by phone stating that their company has a way to get rid of their unwanted timeshares. All the owners need to do is be present at a local hotel in their area. Enter the ‘squeeze play.’ The salesman starts to pitch 50-150 timeshare owners, stating that timeshares have no value and the only option for them to get rid of the timeshare is to pay thousands of dollars to their company.
Not all exit programs are from unethical companies however. In fact, to many owners who have disposed of their timeshares successfully, these companies are saviors. But there is no reason to pay over $3000 to do so little. At least an advertisement on a timeshare resale website reaches out to buyers, a licensed broker can negotiate the sale, a title transfer agency can handle the closing, but a postcard company is not a licensed broker. And while they work with title transfer agencies directly, the closing costs only range from $500 to $700. So why charge over $3000?
A legitimate exit program will send a list of the most valuable properties to some brokers and they will try to sell off what timeshares they can. But any owner can contact a broker and pursue a commission-based sale for their timeshare. The less valuable properties are transferred to a shell company which will disregard all payment and collection requests from the resort. This shell will then file bankruptcy and the fees must now be paid by the remaining owners. Though post card companies will approach you with an attractive offer, know that if you are going to take that leap of faith and sit with a ‘counselor,’ you will pay $3000 to $4000.
If you are simply looking to transfer a timeshare, ensure that the transfer is being handled correctly and ethically. Companies like TransferATimershareTitle.com specialize in lawful timeshare closings. Beware that if you pay some company $3000 to take your timeshare, you may be surprised by another annual maintenance fee invoice from your resort.
Wesley Kogelman and Timeshare Resale Firm Sponsor the 8th Annual CBM Cares Golf Classic September 10, 2010Posted by Bryan Connelly in : Charity, Donate a Timeshare, General, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel, Uncategorized , 1 comment so far
A cool September morning greeted the 8th annual CBM Cares Golf Classic in Tuesday. A day of friendly competition raising some much-needed funds for the Big Brothers and Big Sisters of Greater Nashua & Greater Salem, BuyATimeshare.com was there to help sponsor the tournament. Held at the Green Meadow Golf Course in Amherst, New Hampshire, the Golf Classic has become an annual outing. All proceeds go directly toward supporting essential Club programs and services for youngsters in greater Nashua & greater Salem communities. Wesley Kogelman, president of BuyATimeshare.com, is also a member of the CBM Cares Board of Directors.
A local business owner, Kogelman makes frequent contributions to not-for-profit organizations throughout his native New Hampshire. In Addition to raising funds for the Big Brothers Big Sisters of Greater Nashua, CBM Cares and BuyATimeshare.com continue to sponsor events with the Make-A-Wish Foundation of New Hampshire, the Boys & Girls Club of Souhegan Valley and City Arts Nashua. BuyATimeshare.com, a celebrated timeshare resale firm, is proud to be part of a great cause and raising money for these noble organizations. If you would like more information about how to donate to the Big Brother Big Sisters of Greater Nashua, call 603-883-4851 or Click Here
More Reasons to Buy A Timeshare in Phuket, Thailand September 2, 2010Posted by Bryan Connelly in : ARDA, General, Marriott Timeshares, New Features, News & Events, Timeshare Rental, Timeshare Resale, Timeshare Resource, Travel , add a comment
Phuket’s West Sands resort has joined Interval International to make certain that timeshare consumers can enjoy this magnificent response year after year. When it comes to finding an affordable week at a luxury resort, BuyATimeshare.com has properties available throughout Phuket, Thailand and Interval International Memberships are guaranteed to take you anywhere in the world.
Encrusted on 48 sylvan acres, this jewel of a resort comes with 500 yards of private beachfront splendor. Located on Mai Khao Beach on Phuket’s famed west coast, the retreat offers studio, one-, and two-bedroom suits that are ideal for couples and families alike. Sophisticated European ambiance is built into every kitchen and bathroom, complete with a striking view of the Andaman Sea from a private balcony.
Joe Hickman, the Executive Director of Interval International’s Asia Pacific explains that this exciting resort as innovative as it is important to the people of Thailand. “We are very pleased to have added West Sands Phuket Beach Club to our exchange network,” said in a statement. “Along with its high design standards, the eco-friendly development will contribute to preserving the environment and to more enjoyable and economic living.”
“Phuket is well established as a premier vacation destination and West Sands matches its natural beauty with all of the modern amenities essential to enjoying life to the fullest,” said Barry King, Project Director of West Sands Vacation Club. “Choosing Interval as a partner matches its global experience in the field of vacation services with our local market and product knowledge. We are delighted that West Sands will be part of Interval’s network of quality vacation resorts.”
BuyATimeshare.com offers a user-friendly website with an extensive inventory of timeshare resorts from all over the globe. Find affordable vacation property ownership throughout Asia and Thailand. If you own and timeshare and would like to upgrade your membership, or simply want to see what Interval International has to offer, contact one of our professionals today! If it’s time for you to move one and sell your timeshare, BuyATimeshare.com has the powerful marketing that will reach the worldwide marketplace of timeshare buyers and rental.