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 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!

Wyndham’s Margaritaville Resort Set to Open Next Month

st-thomasVery few things can top the refreshing sensation of a crisp margarita on a hot summer day. One thing that could, however, is sipping that sweet margarita on the beach in St. Thomas while staying in an entire luxury resort dedicated to your salty beverage.

Sound too good to be true? It isn’t. Wyndham Vacation Ownership announced this month that their Margaritaville resort will be ready for residents as early as mid-August.

Wyndham has partnered with Jimmy Buffet on the Margaritaville project, based in sunny Smith Bay in St. Thomas, Virgin Islands. Although the project has been in the works for some time, this month Wyndham announced that the resort will strictly be a timeshare resort, exclusively for Vacation Club owners.

cocktail-margaritaThe resort has 62 studio and studio deluxe unites, as well as eight presidential suites. Resort amenities include beach access in Water Bay, the 5 O’Clock Somewhere Bar, a beachside Margaritaville restaurant, water sports and more.

“Phase one units are receiving the finishing touches, like furnishings, electronics and decor,” said spokeswoman Lindsay Hodges in a recent interview. “Landscaping is about 80 percent complete.”

This project has been a long time coming. Wyndham St. Thomas Development LLC bought the property for $31 million back in 2007. But, it wasn’t until 2013 that the corporation announced it would partner with Jimmy Buffett to create this salty beach getaway.

Phase two should be completed in 2016 as part of a three-year plan that was decided when Buffett joined the project. All in all, the project is estimated to cost more than $100 million equaling 262 condo units for timeshare ownership.

margarita-islandThe first phase has focused on the 70 beachfront units, along with the pool, pool bar, restaurant, marketplace, front desk, dive shop, retail shop, fitness center, game room and on-site sales office.

The second phase will convert the hillside hotel rooms into the remaining condo units.

The property began with 290 hotel rooms and some original structures, but Wyndham is choosing to completely reconstruct some of the main buildings, as opposed to renovate them, to create a fresher, modern look for their guests.

Source: Virgin Islands Daily News

Starwood Vacation Ownership: New Branch Revealed

seaside-resort-chairsAs we talked about in a previous blog, Starwood is making some changes to its structure and inventory. Adding new resorts and expanding their vacation ownership division were big announcements in March, and we’ve been eagerly awaiting more information about these exciting opportunities since.

Well, the wait is (somewhat) over. On Tuesday, Starwood gave us a tantalizing taste of their newest spinoff: Vistana Signature Experiences Inc., which is set to be completed by fourth-quarter 2015, said a news release.

VSE (an acronym of my own design) will be a publicly traded company.

“Today’s filing is a pivotal step toward the planned spin-off of our vacation ownership business, which will allow us to continue participating in the timeshare industry while seeking to create stockholder value for both companies,” said Adam Aron, Starwood’s interim CEO, in a prepared statement on Tuesday.

Summer-bathers-umbrellasThe Starwood spinoff will continue to develop and operate Starwood’s 22 timeshare resorts, including vacation destinations such as Hawaii, Orlando, Mexico and the Caribbean, as well as additional anticipated locations at Westin Los Cabos, Westin Cancun, Westin Puerto Vallarta, Sheraton Kauai, and Sheraton Steamboat-owned properties Starwood expects to transfer.

We plan to follow VSE and Starwood as these resort powerhouses continue to grow. This branch is, if anything, a testament to the growing industry that is vacation ownership.

Are you already on board? Or is it time for you to invest the most valuable thing of all, getaways and quality time?

Marriott Vacations Worldwide Opening Three New Vacation Destinations for Club Owners

If you love Marriott Vacation Club and have been wondering when they might have some new properties in the United States, we have the inside scoop on three new offerings coming soon!


During their fourth quarter earnings call, Marriott Vacations Worldwide President and Chief Executive Officer, Stephen P. Weisz, announced new Marriott Vacation Club resorts coming to Miami, San Diego and Hawaii.


Miami: There are currently 182 units under construction in South Beach that are scheduled to be completed in August of this year. Marriott anticipates opening a new sales gallery in the first half of 2016.


Beach in MiamiWorld-renowned for its many pleasurable pursuits, Miami’s South Beach defines paradise. But there is more to South Beach than just beautiful, white sand beaches and famous Art Deco architecture. Miami’s South Beach also boasts an eclectic nightlife scene, culturally diverse restaurant choices and shopping galore. Everything South Beach has to offer has earned it the nickname the “American Riviera.”


San Diego: A 264 unit former Marriott Suites hotel, located close to the Gaslamp Quarter and the San Diego Zoo has been secured by Marriott Vacations Worldwide. Marriott anticipates that renovated units will be available by mid-2016.


SanDiegoSan Diego is well-known for its year-round pleasant temperatures, sunny skies, and gorgeous beaches. Whether surfing or just enjoying the fresh ocean air, San Diego offers the opportunity to experience laid-back California culture at its best. The Gaslamp Quarter of San Diego has been transformed into a first-class dining, shopping and entertainment district.  The San Diego Zoo features open-air exhibits that seek to re-create the animals’ natural surroundings. The San Diego Zoo holds the distinction of being one of a handful of zoos in the world with giant pandas.


Hawaii: Marriott Vacations Worldwide has acquired 240 guest rooms at the Marriott Waikoloa Resort Hawaii Big Islandon the Big Island and will convert them into 112 timeshare units. Marriott anticipates opening a sales gallery in 2016 with converted units being available by 2017.


The Island of Hawaii (Big Island) offers the opportunity to explore a collection of unique natural wonders. The largest of the Hawaiian islands, the Big Island has earned the label “Hawaii’s Island of Adventure,” because there is just so much to see and do. The Big Island is the ideal place to discover Hawaii’s famous natural splendor. With 11 of the world’s 13 climate zones, one trip is not enough to fully experience everything the Big Island has to offer.


We know that if you are a Marriott timeshare owner, the announcement of these new resorts is exciting news. If you’ve been considering buying a timeshare and don’t want to wait until these resorts become available, our licensed agents can give you tips about the best Marriott timeshare prices and options. Contact Premier Timeshare Resale today to learn more about timeshare ownership.


The Manhattan Club Timeshares On Hold

ny-b&wHere on our Time to Share blog, we talk a lot about scammers that try to capitalize on the timeshare industry. Usually these con artists are working out of abandoned buildings or home offices, but recently a new kind of scammer has emerged. Developer Ian Bruce Eichner has been bared from selling any more timeshares at his luxurious Manhattan Club in midtown Manhattan due to a court order. Attorney General Eric Schneiderman is heading the law suite and investigation against Eichner.

You may recognize Eichner’s work if you’ve ever been to Las Vegas. After building the Cosmopolitan hotel Eichner moved to NYC to create another swank space for tourists to stay. The Manhattan Club has always had a reputation as an upscale hotel featuring classy condos and a state of the art fitness room. However, allegations have come up against Eichner for overselling timeshares, making it impossible for owners to reserve their stay.

gavel3According to a press release by Schneiderman, The Manhattan Club’s 286 units have been divided between 14,000 owners. And although purchasers were informed the hotel is timeshare-only, their reservation requests have been denied while rooms were sold for hundreds of dollars a night online.

After hundreds of owners appealed to Schneiderman, he agreed to take on the case, calling it a “bait-and-switch scheme.” Eichner awaits trial in August where he will confront the allegations Schneiderman and hundreds of owners have brought to light.

ny-taxiWhile this case is unfortunate for the timeshare owners at The Manhattan Club, it does not mean that all New York timeshares are bad. The Hilton Club New York is a great in-city option. Or if you’re looking for a New York getaway, the Ocean Watch Beach Club has all of the luxuries you could ask for. If you have a New York timeshare you’d like to sell, list it for FREE on our website and contact an agent today!

New York Daily News
New York Post

Park City Mountain Resort Loses to Talisker

gavelThe judge finally ruled on PCMR vs Talisker this week—and Talisker won. On Wednesday, the 3rd District judge ruled that PCMR missed the 2011 deadline to renew and Talisker would take back ownership of the 2,800 acres of mountainside that the two were battling for.

Vail Resorts, who took the lead for Talisker in this case and has been a longtime partner with Talisker lands, is ready to take over PCMR’s lease. However, the resolution isn’t that simple.

Since PCMR still owns the base and a few lower lifts, they are refusing to give Vail the rains by stating that their land is “not for sale.” Furthermore, PCMR’s lawyer announced that they will be repealing the case and bringing it in front of a jury.

While many hoped that PCMR and Vail would settle outside of court, an agreement could never be reached, pushing the judge to make this decision. Both sides seem fairly hostile, but particularly John Cummings, Chief Executive of Powdr Corp., which owns PCMR, who has threatened to tear out lifts built on the mountain by PCMR.


Photo by Ron Hoffman

Regardless of the hostility between PCMR and Vail, both advocate for the betterment and protection of the Park City community and feel confident that the resort will open for the 2014-15 ski season.

Marriott’s MountainSide resort sits right at the base of PCMR, and Canyons Resort, owned and operated by Vail already, also houses many popular Park City resorts. However, the dispute between PCMR and Talisker/Vail should not deter you from visiting or owning a Park City timeshare. Park City knows how important its world-class resorts are to the local community and visitors. Those are the people that everyone is putting first as the companies battle it out over this premier mountain spot.

For more details, check out our source here.

Longtime Timeshare Scam Artist Goes to Jail

HandcuffsAnother timeshare criminal went down this week in Illinois. Jose Manuel Goyos Jr., 27, was sentenced to eight years in prison and a $1,000 fine for a telemarketing scheme that stole $14.5 million from more than 7,000 timeshare owners in the United States and Canada.

Based in Palm Beach, Florida, Goyos recruited recovering drug addicts to rip off timeshare owners. As many of these scams go, the telemarketers would promise or imply a buyer for desperate timeshare owners and would charge an upfront fee, usually more that $1,000. The buyer, of course, never existed and the fee would be non-refundable. This is why we can’t stress enough at Premier Timeshare Resale that timeshare owners should NEVER pay an upfront fee to sell their timeshare.


Jose Manuel Goyos Jr., Photo from Palm Beach Post

The judge called Goyos’ crime “the most despicable scam in the world,” persecuting him for his recruitment of recovering drug addicts and stealing from the financially vulnerable.

PTR has not been ignorant of Goyos’ scam. His fraudulent company was called Premier Timeshare Solutions, and our company was often confused for Goyos’ phony one. Hearing about Goyos’ prosecution was relieving for PTR.

Goyos is one of nearly 50 people charged or sentenced by Illinois prosecutors alone this year, although many of the scams are based out of Palm Beach, Florida. It’s no surprise that timeshare scams have been the No. 1 fraud complaint in Florida over the last five years.

Although law enforcement across the United States is cracking down on timeshare fraud, it still plagues the timeshare industry. Before buying or selling a timeshare, see if the company you are using is registered with the BBB and has licensed timeshare agents. NEVER pay an upfront fee and do your research. If you follow these simple guidelines, you can avoid becoming a victim of timeshare fraud and sell your timeshare with peace of mind.

Sources: Palm Beach Post and STL Today