Month: November 2015

Marriott to acquire Starwood

Marriott to acquire Starwood

Last week Marriott announced their purchase of Starwood at a cost of $12.2 billion. The deal is expected to close in mid 2016. If this transaction closes, Marriot will become the world's largest hotel company owning 27% of all hotels on the globe. Marriott would be the only hotel company to have more than 1 million rooms, ahead of Hilton. The Marriott group would own a total of 14,572 units - 11,641 hotel units and 2,931 timeshare units. On a side note, when Blackstone acquired Hilton they had a 26 billion dollar deal. This…continue reading →
Timeshare property is a real estate

Timeshare property is a real estate

When a timeshare property is owned by deed, it is considered real estate property. Many real estate laws are applicable to timeshare owners in the same way they are to home owners. You own the property rights to a deeded timeshare until you sell it or until you pass away. You maintain partial ownership and equity in the property. You must also pay the resort company maintenance fees, insurance, and taxes on your timeshare as part of the contract.continue reading →
Will I have to pay any unpaid loans or maintenance fee left by the Seller?

Will I have to pay any unpaid loans or maintenance fee left by the Seller?

Since we use an escrow to complete the transaction between the seller and the buyer of the timeshare, escrow will ensure the seller and buyer execute the ownership transfer according to the terms specified in the agreed purchase contract. Escrow will check the deed for ownership rights, check with the resort company regarding any outstanding maintenance fees and loan fees. If there are any outstanding fees on the seller’s account, escrow will ensure these fees are paid to the resort company prior to recording. Seller will not be able to sell their timeshare if there…continue reading →
Member privileges if buying from timeshare resale market

Member privileges if buying from timeshare resale market

Buying a timeshare from the resale market may limit your member privileges.  For instance, with Hilton Grand Vacation Club (HGVC), for those who have bought a timeshare directly from HGVC, if you have a total of 14,000 annual points, you will be granted an ELITE status. However if you have bought a timeshare from the resale market, you will not be granted an ELITE status. Also, with HGVC, Hilton will not upgrade your timeshare if you have bought it from the resale market. Another example would be how Marriot and Starwood will not…continue reading →
What is Right of First Refusal

What is Right of First Refusal

Right of first refusal, often referred to as ROFR is a contractual right that gives its holder, in this case the timeshare resort company, the option to purchase the timeshare unit in transaction from the owner, before the owner is entitled to enter into that transaction with a third party. At the moment, as far as we are aware, Marriot and Disney are exercising their right of first refusal. Although Hilton have exercised their right of first refusal in the recent years, they have not been doing so for the past few months.…continue reading →
Six reasons why timeshares are better than hotels

Six reasons why timeshares are better than hotels

Here are six reasons why staying at a timeshares is better than a hotel room. While it may at times be challenging to take reservations on the days you'd like to stay or you may find that the maintenance fee may not be as affordable as you'd like it to be, there are many reasons why owning a timeshare overcomes such disadvantages. If you are considering to purchase a timeshare, we would like you to take this opportunity to consider these perks. 1. Since you have access to a kitchen, it is possible to…continue reading →
Buy from resort or resale market? What’s the difference.

Buy from resort or resale market? What’s the difference.

The single one question that everybody asks is: What is the difference between buying a timeshare from the resort company / developer and from the resale market? The difference varies depending on the resort company. For instance with Hilton, there are two diferences. The first difference is that Hilton will not trade in your timeshare unit when upgrading. The other difference is that you are not able to become an Elite member. To become an Elite member today, you would have to purchase a timeshare worth over 82,000 dollars directly from Hilton Grand…continue reading →