Timeshare industry

What Is a Timeshare Resale?

What Is a Timeshare Resale?

Timeshare properties are initially sold by the developer or resort. However, a timeshare can become available for resale by the current owner (private owners). What is a timeshare resale? Timeshare resales are sold by owners that no longer wish to use their timeshare. It may help to understand timeshare resale as a second hand timeshare. Developers or resorts do not buy back timeshares from the owners. The rooms you stay in are exactly the same as rooms used by owners who bought directly from the resort/developer. Timeshare resales come with lower price tags…continue reading →
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 →