Time to Share Blog

Category Archives: Timeshares in the News

Posts include newsworthy information that happens at timeshare resorts, new locations, scam alerts and law enforcements successful capture of scam artists.

Marriott Vacation Club Pulse: New Additions and New Brand

Boston SkylineMarriott Vacations Worldwide has announced an extension to their Vacation Club brand with the addition of Marriott Vacation Club Pulse. The five announced properties that are included as Marriott Vacation Club Pulse destinations are located in New York City, San Diego, Washington, D.C., Boston and South Beach, Florida.
In Marriott’s press release Stephen P. Weisz, president and chief executive officer of Marriott Vacations Worldwide said, “Our Owners and guests are eager to explore new places and try new experiences, especially those in more urban locations. Marriott Vacation Club Pulse expands vacation choices into even more destinations, all with a very unique style. Now, our guests can truly immerse themselves in the cultures, local scenes and neighborhoods of their favorite cities.”
Washington DCThese new city destinations include four recent acquisitions by Marriott in New York, San Diego, Washington, D.C. and South Beach. In Boston, the Custom House is now included as a Marriott Vacation Club Pulse location. Marriott Vacation Club Destinations owners can use their points to book their vacations at these new urban locations now (except San Diego which is available beginning in July).
Big Island Hawaii 2Marriott also updated investors recently on their acquisition of new units on the Big Island of Hawaii in the Waikoloa hotel. Stephen P. Weisz said in their earnings call that they have reached an agreement with the owner of the hotel to purchase 112 one and two bedroom timeshare units at the property when their conversion is completed. The expected completion date for these units is July 2017. Marriott has begun construction of a permanent sales center to open this fall. It is interesting to note that this timeline is in line with what Marriott announced in March of 2015.
If you are interested in discovering these new properties, contact one of our licensed agents today to learn more about a Marriott timeshare ownership and how buying timeshare resale can save you hundreds if not thousands of dollars.

Florida Man Sentenced for $10 Million Timeshare Scam

Ryan F. Khoury of Apopka, Florida was recently sentenced to 8 years in Federal prison and must repay $1.6 million and forfeit property in Orlando, Florida. Khoury pleaded guilty last July to commit mail and wire fraud.
Scam WarningThe scheme attracted over 5,000 victims, mostly seniors in the U.S and Canada. Khoury was associated with Fabien Fliefel of Winter Springs, Texas. The scheme entailed hiring telemarketers to contact timeshare owners and solicit fees with the promise of bogus buyers. Fleifel was sentenced to 14 years in prison and ordered to pay $1.3 million.
Whether buying or selling a timeshare resale it is important to protect yourself to avoid scams. Stay away from any cold calls as reputable timeshare resale brokers avoid this practice. Always do your research on the broker, the buyer, and all parties involved. Check with the Better Business Bureau, the involved state’s Real Estate Division, and verify they are licensed, reputable brokers.
Premier Timeshare ResaleBalloons In Flight agents are licensed RE/MAX agents and are dedicated to helping identify and stop scammers. PTR has an A+ rating with the Better Business Bureau, and zero complaints with the Division of Real Estate. Premier Timeshare Resale never charges a fee to buyers, and there is never an up-front fee for those looking to sell their timeshare. For more information on avoiding or reporting a timeshare scam, or help buying or selling a timeshare resale, contact us today.
Written by: Shawn Romanick, Web Author

Marriott-Starwood Merger In Jeopardy?

Since November of last year Marriott International had agreed to a merger with Starwood Hotels & A Marriott-Starwood Merger would add properties like this to Marriott's portfolioResorts Worldwide in a deal worth 12.2 billion dollars. That is until early March when a Chinese consortium, including Anbang Insurance Group Co., moved in on the deal, offering Starwood $12.6 billion, and later $13.2 billion. Marriott countered on March 21, with a $13.6 billion dollar offer. Well, not to be outdone, Anbang came back yet again on Monday, offering $14 billion dollars.
Marriott says it remains committed to the Starwood merger, and believes stockholders would benefit more with them in the long run. Marriott is moving to become the world’s largest lodging company with this merger, believing in ever expanding growth. Anbang, on the other hand, is looking to diversify their already lucrative portfolio of U.S real estate investments. The Anbang consortium’s all-cash offer might be more appealing for Starwood shareholders to Marriott’s offer which is a combination of cash and stock.
Is the Marriott-Starwood merger in jeopardy? Although Starwood has yet to change its recommendations to shareholders in support of the Marriott merger, analysts say it is possible the Anbang Consortium, which includes J.C. Flowers & Co. and Primavera Capital could go higher. The fact that Marriott has already had to bargain early on with Starwood, twice in fact, to Starwood’s favor, means this bidding war could be in the early stages.

Marriott’s Purchase of Starwood Hotels Amended

In November we blogged about the announced sale of Starwood Hotels & Resorts Worldwide to Marriott International. We closed that post with this note: “Today’s news is a good reminder that the only constant in life is change.” And earlier this week we learned that Marriott’s purchase of Starwood Hotels has been amended. Proof that we were correct about changes!
MergerStarwood had recently announced they received a superior proposal from a consortium of Anbang Insurance Group Co., Ltd., J.C. Flowers & Co. and Primavera Capital Limited. Marriott International increased their offer to Starwood in order to become the superior proposal once again. This is good news for Starwood stockholders, as the value of the deal just increased for them. This transaction is subject to the approval of stockholders for both Marriott International and Starwood Hotels & Resorts Worldwide and certain other conditions.
Sheraton ExteriorBrand names of the 1,270 Starwood Hotels that will be included in this merger include Sheraton, Westin, and St. Regis. Marriott’s hotels include over 4,300 properties worldwide such as these familiar brands: The Ritz Carlton, Courtyard, Springhill Suites, Residence Inn and Fairfield Inn and Suites.
Starwood has also announced that it expects to close on their spin-off of their vacation ownership business to Vistana Signature Experiences, Inc. and merger into Interval Leisure Group, Inc. on April 30, 2016. Fortunately for Starwood stockholders, Starwood says that no action is required by them for their stocks to merge into the Hotel Room new company. Owners of Starwood vacation properties will also not have to take any action during this time.
With the amended merger in the works, Marriott is set to become the largest world-wide chain of hotels. Time will only tell how the merger will affect all of the hotel brands that will now be coming under the Marriott umbrella. And perhaps the bigger question is, how will this merger affect the hotel industry as a whole?

Marriott Vacation Club Plans to Expand in Three Key Markets

Marriott owners and fans: rejoice! Marriott Vacation Club plans to expand in three key markets. First, the company indicated that they have acquired a property in South Beach, Florida. This was a long anticipated move by Marriott. Second, Marriott Vacation Club has taken over the management of a property in New York City. Third, Marriott announced plans to expand their existing resort: Marriott’s Ko’Olina Beach Club in Oahu.

Image courtesy of Marriott.com

Image courtesy of Marriott.com


In 2015, Marriott said that they planned to acquire a 182-unit property in South Beach, Florida. Recently, Marriott indicated that this sale would not be proceeding. Instead, Marriott purchased The Edgewater Hotel in South Beach, Miami, Florida. The Edgewater was built in 1936 and offers 49 studios and suites. These units are available for booking through the Marriott Vacation Club Destinations Exchange Program as well as through Interval International. Now branded as Marriott Vacation Club, South Beach, the property is located on the 1400 block of Ocean Drive and offers a rich South Beach experience.
NY SkylineEarlier in 2016, Marriott announced an expansion in New York City with the management of The Strand Hotel. The Strand Hotel is located in Midtown Manhattan on 37th Street between Fifth and Sixth Avenues. Marriott plans to purchase the 176-unit hotel over time, beginning in 2018. It will be rebranded as a Marriott Vacation Club destination this month and is already available to existing owners to book through the Destinations Exchange Program.
Oahu SunriseMeanwhile in Hawaii, Marriott Vacations Worldwide says that they plan to add as many as 202 new timeshare units to their popular Marriott’s Ko’Olina Beach Club in Oahu. Currently Marriott’s Ko’Olina Beach Club has over 500 villas. Oahu is one of the most popular destinations in Hawaii and the Ko’Olina Beach Club has been a staple for families and couples alike.
Marriott’s Vacation Club Destinations points are an ideal way to explore these two new locations as well as existing Marriott locations, like Ko’Olina. Premier Timeshare Resale has licensed resale agents able to assist you in buying Marriott Vacation Club Destinations Points. Contact us today!

Diamond Resorts Announces Plans to Purchase Club Intrawest

Diamond Resorts International has announced that it has completed an agreement to purchase Intrawest Resort Club Group. Intrawest Resort Club Group manages Club Intrawest, a timeshare vacation club that consists of nine resorts throughout North America.
Diamond Resorts International already has more than 350 vacation destinations in 34

Vancouver, B.C.

Vancouver, B.C.

countries around the world. They will be adding Club Intrawest resorts located in Canada, California, Florida and Mexico to their network with this acquisition. The purchase is expected to be completed by the first quarter of 2016.
Club Intrawest is a unique timeshare company. They have kept their properties on the small side intentionally. The property
Whistler, B.C.

Whistler, B.C.

in Whistler, British Columbia is the largest at 113 vacation homes. But the average size is less than 60 vacation homes in a resort. The smallest resort is in Ucluelet (also in British Columbia, Canada) with only 10 vacation villas. Club Intrawest has also tried to stay away from a cookie-cutter approach to building their resorts. Each property boasts unique features that are not found in any other locations. In announcing the purchase, Tom Marano, Chief Executive Officer of Intrawest Resorts said, “We are excited to enter into this agreement and believe this is a strategic move for both the vacation club business and Intrawest.”
Diamond Resorts International also takes a points-based membership approach to timeshare ownership, offering destinations on six continents along with cruises. “We are acquiring a business with a very strong member base and a set of high quality resorts that will complement our portfolio, and we look forward to building a mutually beneficial relationship with Intrawest beyond this transaction,” said David Palmer, President and Chief Executive Officer, Diamond Resorts International.
OceanResearch suggests that people who regularly take vacations are happier, enjoy more fulfilling relationships and feel healthier than those who do not vacation on a regular basis. Whether you have been a long-time Club Intrawest or Diamond owner, or are interested in discovering more about the merging companies, now might be the time to consider vacation ownership so you too can benefit from regular time away.

Marriott to Purchase Starwood Hotels

The travel industry is abuzz with the news today of a merger between two vacation titans and rivals. Marriott International is purchasing Starwood Hotels & Resorts Worldwide creating the largest hotel chain in the world.
Marriott brands include The Ritz Carlton, Courtyard, Residence Inn and Fairfield Inn and Suites, just to name a few. Swimming PoolMarriott currently has over 4,300 properties in 85 countries. Acquiring the 1,270 properties that Starwood manages in over 100 countries will increase Marriott’s worldwide presence. Starwood property brands include Sheraton, Westin, and St. Regis.
Already announced earlier this year, Starwood is moving forward with plans to separate their vacation ownership business into a separate entity known as Vistana Vacation LandscapeSignature Experiences, so their timeshare resorts will not be included as part of the deal with Marriott. At the end of October, plans were revealed for Interval Leisure Group to acquire Vistana, with the transaction expected to be completed in the second quarter of 2016. Interval Leisure Group operates Interval International and Trading Places International.

We will be watching for updates and further details for both of these Starwood sales. And we can’t help but think that this news is a good reminder that the only constant in life is change!

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