Marriott International Inc., operator of the multi-million dollar Ritz-Carlton hotel chain, is cutting back on its luxury timeshare investments due to ever decreasing consumer demand, and ceasing new timeshare developments. This massive reduction on luxury timeshare capitalization would result in a third quarter pre- tax impairment charge of approximately $ 760 million dollars. Since the [...]
Filed under: Timeshare Industry, Timeshare News | Tagged: Marriott, Timeshare Relief | 1 Comment »
