The Xanadu Beach Resort [Hotel] in Grand Bahamas appears ready to close it doors at least temporarily through the summer from July to October. The move is seen by employees to be a ploy to get rid of some workers amid the economic crisis spanning the globe. That said, the timeshare portion of the resort will remain open even during the closure of the hotel. This should provide some sense of the pecking oreder to the profitability of timeshares versus hotels.
Filed under: Timeshare Relief | Tagged: closure, Xanadu Beach Resort
Good to see the timeshare is staying open. We don’t need any more black eyes on the industry.