Timeshare Headlines Today
For those who do not follow timeshare news, you might be asking yourself, “What is newsworthy in the world of timeshares?” Thousands of investors and hundreds of thousands of timeshare owners and workers feel the effects of transactions made by the resorts, some resorts close, some reopen, some offer special discounts from time to time.
So for today, March 17, 2011 here are the headlines with links to the original story:
Other recent asset-backed bond issuers include Wyndham Worldwide Corp. with a $250 million security backed by timeshare receivables and Container Leasing International LLC with a $230 million bond.
Zacks.com – Mar 16, 2011
Marriott will spin out the timeshare operations into a separate company and will focus on the lodging management and franchise business. We believe the company’s decision to divide lodging and timeshare business is promising as both the business have …
BurlingtonFreePress.com – 10 hours ago
GLENN RUSSELL, Free Press Beginning in June, Smugglers’ Notch is planning to transform the way it handles its condominium timeshare business. Scott Tobin, director of vacation ownership, explained that in the past, Smugglers’ Notch sold deeded property …
Timeshares Daily – Feb 28, 2011
The new owners of the recently-closed Pelican Resort, now known as Simpson Bay Resort, are under legal wraps from complaints filed by Pelican timeshare owners. The owners had acted in good faith and paid their annual maintenance fees expecting to be …