You are quite correct in that you do not know me hotjairesr0.
Unfortunately I cannot make the answer any clearer and an explanation as to why at the time of writing my answer was correct and covered the question asked ie. Was there a published exit strategy. This was answered fully in the answer given in post 1 and the reasoning behind the negative answer in post 5. So at the time of writing the answer was NO and at the present time I believe the answer to be still NO.
One could cling on to the hope that things may change with the impending change of ownership from Apollo to Hilton but I for one would not be holding my breath,
I do not know fell runner and have no wish to cast any aspersions on his advice, but he didn't answer your question of - is there a published exit process descaling engine flush. The reason this is important is that most resorts do not want you to be able to relinquish. If there is such a process then find it and choose whether it is a route you can employ. One solution is simply ask Diamond to provide you with the exit options - if they have them - why wouldn't they tell you?
A non response from them - may also tell you something!
Last post by Williamdobbs - March 12, 2021, 15:25:30
Totally Dodgy mate, cold calling everyone. If I recall they cold call on behalf of Carl James and very dodgy enterprise exposed on the internet somewhere.
hello, i have just been approached by aegis direct with a plan to claim monies from a time share company i had dealings with , all sounds good until i asked costs etc my question is are they genuine or another dodgy one .
Last post by Athena Law Solicitors - March 12, 2021, 12:11:00
I give it a week before the cold callers will be on the phone peddling fiction regarding this acquisition in order to transfer funds from consumer wallet to ex-timeshare salesman.
When dealing with cold callers make sure you make a record of what was discussed. They may not want to put it in writing but there is no reason you cannot send them an email recording what has been discussed, so taht at least you have contemporaneous evidence.
Timeshare operator Hilton Grand Vacations Inc said on Wednesday it would buy Diamond Resorts International Inc for about $1.4 billion, as the hospitality industry readies for a recovery from the COVID-19 pandemic blow.
Bookings have bounced back from April 2020 lows on a relative easing of lockdowns, while a wider rollout of COVID-19 vaccines is expected to support a rebound in leisure travel.
Timeshare operators such as HGV and Diamond Resorts, along with vacation rentals firms including Airbnb Inc and Vrbo, stand to benefit from an uptick in leisure travel.
Meanwhile, business travel-reliant hotel chains including Marriott and smaller rival Hilton Worldwide are seen as having a longer path to recovery.
HGV, spun out of Hilton Worldwide in 2017, will buy the Las Vegas-based Diamond Resorts from funds managed by affiliates of Apollo Global Management Inc, Reverence Capital Partners and others in an all-stock deal.
Orlando-based HGV, which develops, markets and operates vacation ownership resorts in destinations such as the Hawaiian Islands, New York City and Las Vegas, said the combined company will have 720,000 owners and 154 resorts.
Apollo Funds and other Diamond stockholders will get 34.5 million shares of Hilton Grand Vacations' common stock, subject to customary adjustments, as per the deal.
The transaction is expected to close in the summer of this year, the company said.
Diamond Resorts had been bought by Apollo Global Management for about $2.2 billion in 2016.
BofA Securities is the exclusive financial adviser for HGV, while Credit Suisse is the lead financial adviser and Goldman Sachs the financial adviser for Diamond.
Last post by hotjairesr0 - March 10, 2021, 08:24:19
The card companies are more or less stuck with it if you hold a UK card but I expect to see the finance houses set up (may already have done so) subsidiaries outside the UK to lend on timeshare and holiday club purchases. If the loan is arranged outside the UK it will not be covered. People will not be encouraged to realize that the provider is not in the UK.
Last post by TimeshareTalk - March 09, 2021, 12:02:34
Cold Callers are now online marketing and arranging 'Zoom' meetings.
Timeshare owners are now being contacted by an array of fake Lawyers and asked to attend online video meetings by businesses seeking to sell Timeshare Exit and Compensation Services. In many cases, they have been persuaded to sign contracts and often pay significant fees; immediately.
Last post by TimeshareTalk - March 09, 2021, 12:01:16
To assist in the Protection of Timeshare Consumers some leading Solicitors and Claims Management Companies [CMC'S] have; with recording equipment been, covertly investigating today's prowling 'scammers' in an effort to protect the profession by ousting them. Operating in this way and now publishing the same, is prudent as all the necessary evidence gathering, exercises have been completed. The professionalS has had much success which will; -
Read More Here
Last post by Athena Law Solicitors - March 01, 2021, 10:40:44
The cold callers are becoming more aggressive.
In the past they exaggerated what they could do, and prospects. Now they are crossing the line. They believe they can say whatever they want without consequence.
There are a web of companies but the following is their pitch:
1. You are on a register of owners waiting to be sued. No such register exists. They clearly have a list of timeshare owners take from timeshare developers.
2. They are from the timeshare registry office and are phoning to check what is happening with your timeshare termination. There is no registry office. They have the list as above, and are ex-timeshare salesmen.
Trading Standards has published information about your rights when purchasing timeshares and has issued warnings regarding dealing with cold calling exit and compensation companies.
Remember businesses are not entitled to undertake bank claims without being regulated and are banned from soliciting this work by cold calling.
If you have engaged one of these companies you can seek to claim money back from your credit card provider pursuant to section 75 of the consumer credit act 1974. You just need to set out the representations made during the cold call and how the service has not been provided.
If you have no paid by credit card all is not lost. You can still pursue a claim via the small claims court. It is not as difficult as you might think and county court judges will be helpful when dealing with claims brought by litigants in person particularly when a victim of these sorts of scams.
The same people that sold you the timeshares which have caused you so much stress are now targeting you. It is time for people to take a stand.
If you need some pointers we are happy to provide an initial review of your documents/case without charge.
Powered by EzPortal