Timeshares From An Irreverent Look at Wall Street Perspective

Although we’ve heard it before from some clients and others, there’s been a connection between timeshares and the rock-n-roll classic Hotel California by The Eagles, as the lyrics go…

You can checkout any time you like,
But you can never leave!

To expand on this notion, check out this blog post by some analysts who cut to the chase of Wall Street shannigans.  In case you’re confused, private-equity firm Blackstone Group LP purchased Hilton Hotels Corp for $26 Billion in 2007.

Timeshare Operator Files Chapter 11

The Las Vegas Sun reports that ILX Resorts Inc., a timeshare operator with inventory at the Carriage House Hotel in Las Vegas, filed for Chapter 11 bankruptcy protection Monday after talks collapsed with a key lender over extending a loan.

The whole timeshare industry has been hit hard with declining sales due to the double-whammy economic situation where consumers are holding onto cash reserves and at the same time unable to find financing sources.  Prepare for more bankruptcies in the industry.  What it means for timeshare owners remains to be seen.