Jamaica's Venture Into Timeshare

Jamaica MapAs of today, there’s about 15 timeshare resorts with RCI located in Jamaica. They’re located in Negril, Montego Bay, Runaway Bay, St. Ann’s, Lucea, and Ocho Rios.

Passed in 2014, the new Timeshare Vacations Bill, allows for the legal structure and protections for consumers to be firmly established for the timeshare industry in Jamaica. Of particular interest was their inclusion of a noticeable rescission period where a buyer can cancel their timeshare purchase unconditionally.

Jamaica Ocho Rios

Jamaica Ocho Rios

With any luck, there will be laws with “teeth” to back up the enforcement of the rescission period.

Who will be building in Jamaica?

As of now, none of the well known US developers are established there with their name on a resort.

Most are independently owned like BPPC @ G Bahia Principe Jamaica, Grand Lido Negril,  Grand Palladium Jamaica Resort & Spa and others.

caribbean beachTimeshare developers like Marriott, Sheraton, Westin, Westgate, Bluegreen, and Pacific Monarch are most likely planning their entry into Jamaica timeshare development, purchase, and/or redevelopment.

 

 

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