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Updated: 51 min 30 sec ago

Weekly Wisecrack: June 24, 2017

Tempus Fugit   After a long run as an Expat the formerly young, dashing, debonair and smooth-talking top-producing closer realized that time was no longer on his side. Not having much in savings, no company benefits and lacking a retirement plan he decided to return to the U.S. and at least get a slot as …

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Timeshare Odds and Ends: June 24, 2017

  ► Mention Ronald Reagan’s name in a crowd and you’re likely to experience three primary reactions. Conservatives will smile nostalgically and bob their heads in the affirmative; centrists will shrug and go “meh”; liberals will cross their eyes and grunt. No matter the political/personal reactions, though, it can’t be denied that “the great communicator” …

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Timeshare Financial News: June 24, 2017

  The ARDA International Foundation (AIF) has released a new study detailing the global economic impact of the shared ownership industry, and the news looks good. Or, as AIF puts it, the study “reveals the international timeshare industry to be formidable in size, diverse in makeup and ready for future growth.” Hot damn! Here are …

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Virginia USA Timeshare News: June 24, 2017

>> EASTERN USA TIMESHARE NEWS: WILLIAMSBURG: Is Williamsburg the most overbuilt region for timeshare resorts in the USA as some people claim, or is there still room for more? Westgate Resorts is still betting on the “room for more” scenario, or so it would seem. The company is expanding its Westgate Historic Williamsburg Resort to …

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Washington DC USA Timeshare News: June 24, 2017

>> Eastern USA Timeshare News WASHINGTON, DC: If I told you that some fellow apparently made 96,758,223 spoofed robocalls during a three-month period (between October 1, 2016 and December 31, 2016), would you believe me? That’s more than a million calls a day, Bubba. If you said “yes” you might be more familiar with robocalls …

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Utah USA Timeshare News: June 24, 2017

>> EASTERN USA TIMESHARE NEWS: BRIAN HEAD: There’s a wildfire burning up in the Brian Head, UT area, that as of this writing has already destroyed 13 residences, 8 outbuildings and nearly 28,000 acres since it began on June 17. The cause of the fire is still under investigation. Areas under evacuation in the region …

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Colorado USA Timeshare News: June 24, 2017

>> WESTERN USA TIMESHARE NEWS: STEAMBOAT SPRINGS: Vistana’s Sheraton Vacation Club brand is in the process of getting BIGGER. The company is converting the 198 guest rooms in the west tower of the Sheraton Steamboat Resort into 112 timeshare villas. You’ll remember that Vistana inherited the resort from Starwood when it spun off its timeshare …

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Mexico Timeshare News: June 24, 2017

>> INTERNATIONAL TIMESHARE NEWS LOS CABOS: Is it getting BIGGER or smaller or staying the same size? Perhaps it depends upon your point of view. I’m speaking of that grand old dame (counting in Cabo years) now known as the Westin Los Cabos Resort Villas & Spa, nestled oceanfront along the corridor between Cabo San …

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Idle Timeshare Thoughts: June 24, 2017

  QUOTABLE QUOTES: “That man is a success who has lived well, laughed often and loved much.” —Robert Louis Stevenson In this week’s Financial News I mentioned that according to the most recent study on the global economic impact of the shared ownership industry, industry operations, off-resort vacation expenditures, and capital expenditures generated more than …

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Getting BIGGER: June 24, 2017

RCI has added another Palace Resorts property to its global exchange system. Moon Palace Jamaica, an all-inclusive option in Ocho Rios, is RCI’s latest addition in the Caribbean. Part of the Palace Elite residences, Moon Palace Jamaica boasts more than 700 guestrooms and suites. Amenities include a full range of non-motorized water sports, four pools, …

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Weekly Jukebox: June 24, 2017

  I’ve always enjoyed R&B band New Edition, in all its iterations, from 1978 to the present. They’re so full of life, and they still have the moves all these years later – fluid as mercury! A few days ago, searching Youtube.com, I ran across an old favorite that I think even youngsters will enjoy …

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Weekly Wisecrack: June 17, 2017

The Bureaucracy   “To prevent possible future misunderstandings among our members down the road, beginning this week a new “Verification & Acknowledgement” form was introduced that includes supporting attachments, exhibits, declarations and other relevant documents specifically designed to… The Weekly Wisecrack is primarily (but not always) a snarky look inside the workings of the timeshare …

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Weekly Jukebox: June 17, 2017

  Obscenity alert for the delicate among you… Keeping the introduction short, here is the fabulous Eddie Izzard, an English stand-up comedian, actor, writer and political activist, in a clip from his stand-up comedy special “Dress to Kill”. “Cake or Death?” he asks, and answers. And by the way, that special earned him a Primetime …

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Timeshare Financial News: June 17, 2017

  What’s going on in the world of timeshare financial news this week? Well, let’s start with Bluegreen Corporation, which recently completed a securitization involving the issuance of $120.2 million of investment-grade vacation ownership loan-backed notes. The issuance was made through BXG Receivables Note Trust 2017-A and is comprised of $88.8 million of A rated …

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Florida USA Timeshare News: June 17, 2017

>> EASTERN USA TIMESHARE NEWS ORLANDO: At least two timeshare companies — Westgate Resorts and Orange Lake — have filed federal lawsuits against several businesses and businessmen for allegedly orchestrating a nationwide timeshare cancellation fraud scheme. Since the two lawsuits are very similar, and because I happen to have a copy of the Orange Lake …

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California USA Timeshare News: June 17, 2017

>> WESTERN USA TIMESHARE NEWS LOMPOC: Don’t look now, but convicted grifter John Aurelio Cuda, aka Antonio Copella (variant spellings of Capela, Coppela, Capel and Cupel) was released from prison on June 6, 2017 and heaven only knows where he is now. Cuda was serving the remainder of a sentence for mail fraud, bank larceny, …

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Idle Timeshare Thoughts: June 17, 2017

  QUOTABLE QUOTES: “We believe that to err is human. To blame it on someone else is politics.” —President Hubert H Humphrey Jeff Weir, Redweek.com’s Chief Correspondent, recently responded to a question about the state of the timeshare resale market with a rundown of some marketplace trends per the company’s research, and the information posted …

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Timeshare People on the Move: June 17, 2017

>> TIMESHARE PEOPLE ON THE MOVE: Liz Collinson has been appointed to the executive role of Senior Vice President Legal and Compliance for Wyndham Vacation Resorts Asia Pacific. She will be based at the company’s Gold Coast corporate office in Australia. Reporting to President and Managing Director Barry Robinson, as well as the US-based Wyndham …

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Getting BIGGER: June 17, 2017

Solmar Group will be opening two new luxury resorts along Cabo San Lucas’ Pacific coast this year. The hotels will be part of Rancho San Lucas, an 834-acre oceanfront Real Estate and Resort development, also under the umbrella of the hospitality group. Grand Solmar at Rancho San Lucas Resort and Grand Solmar the Residences at …

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