Posted on July 24, 2009 by Bobby Hernandez
In the last post, we dissected what the lawyer for Consolidated Resorts had to say about timeshare owners and their claim to using their timeshare weeks.
According to the article by John G. Edwards in the Las Vegas Review-Journal, attorneys for Consolidated Resorts fear that some timeshare owners may stop making payments. So Judge Linda Riegle [...]
Filed under: Timeshare News | Tagged: collection agency, Consolidated Resorts Bankruptcy, GMAC Commercial Finance, Tahiti Village bankruptcy, timeshare owners | 12 Comments »
Posted on July 23, 2009 by Bobby Hernandez
More details about the Consolidated Resorts bankruptcy are emerging, specifically about how the bankruptcy will affect timeshare owners.
The article by John G. Edwards in the Las Vegas Review-Journal reports what the attorney from Consolidated Resorts has stated about timeshare owners of Consolidated Resorts timeshares. According to Lenard Schwartzer who represents the company, timeshare owners are [...]
Filed under: Timeshare Industry, Timeshare News | Tagged: Consolidated Resorts Bankruptcy, Tahiti Village bankruptcy, timeshare owners | 3 Comments »
Posted on July 23, 2009 by Bobby Hernandez
With the foreclosures of some major hotels like the Watergate, which did not have a single bid at auction, or the St. Regis Hotel in Laguna Niguel that benefited from the last big-spending hurrah from AIG, it’s not surprising to hear about other hotels suffering the same fate.
We reported a while back about the Xanadu [...]
Filed under: Timeshare News, Timeshare Relief | Tagged: foreclosure, Ilikai Hotel, St. Regis Hotel, timeshare, Watergate hote | Leave a Comment »
Posted on July 21, 2009 by Bobby Hernandez
When the Wall Street Journal reports that the major hotel chains are pulling back significantly on their most profitable divisions in their companies, its a definite sign that the economy has changed and that discretionary income is much tighter.
As reported by Anton Troianovski and Kris Hudson, the big players in the hotel and resort industry [...]
Filed under: Timeshare Industry, Timeshare News | Tagged: Marriott, Starwood, timeshare companies, timeshare sales, timeshare statistics, Wyndham Resorts | 1 Comment »
Posted on July 20, 2009 by Bobby Hernandez
Bloomberg.com (by Hui-yong Yu and Oshrat Carmiel) reports that Marriott International Inc., the biggest U.S. hotel chain, fell 6.2 percent in New York trading as second-quarter profit declined and the company lowered its profit forecast.
“Pricing has become a greater challenge,” Marriott President Arne Sorenson said during the conference call. “Pricing power will only return as [...]
Filed under: Timeshare Industry | Tagged: Marriott, revenue, sales, timeshare | Leave a Comment »
