Tweet
I attended a timeshare presentation in Puerto Vallarta last week and was introduced to what they are calling Fractional Ownership. It sounds very much like a normal timeshare in that you get a week each year for 25 years (RTU) although you can accelerate your weeks by using up to 4 weeks in one year. There were two parts to the presentation, however, that puzzle me and I need some help on determining if this is a scam. We did not buy, but are interested in learning more about this.
They claim that the fractional part of this ownership is that you can vacation up to 52 weeks a year outside of the home resort (Velas Vallarta) in either a resort for a week at a time (cost between $100 and $800) and hotels for $80/night. It sounds like some type of vacation club. I think it may be Holiday Systems International, which I don’t know anything about. The sales person claimed that with this system (whatever system it is) that we could stay at virtually any hotel or resort for $80 a night, including top end resorts and hotels like Marriott, etc. This, of course, sounds too good to be true.
The most remarkable part of the presentation was his desire to essentially sale our timeshares. He asked which timeshares we owned and what we paid for them and then came back with a value that they would guarantee to us if we assigned them our timeshare. His “guaranteed” price was more than I could sale it for myself. He claimed that the Company he worked for gets some kind of tax benefit for doing this. Again, this sounds too good to be true and sounds more like some type of scam.
Does anybody have any knowledge about this operation at Velas Vallarta. I would love to here from any body that bought such a package on their experiences. Thanks.
They claim that the fractional part of this ownership is that you can vacation up to 52 weeks a year outside of the home resort (Velas Vallarta) in either a resort for a week at a time (cost between $100 and $800) and hotels for $80/night. It sounds like some type of vacation club. I think it may be Holiday Systems International, which I don’t know anything about. The sales person claimed that with this system (whatever system it is) that we could stay at virtually any hotel or resort for $80 a night, including top end resorts and hotels like Marriott, etc. This, of course, sounds too good to be true.
The most remarkable part of the presentation was his desire to essentially sale our timeshares. He asked which timeshares we owned and what we paid for them and then came back with a value that they would guarantee to us if we assigned them our timeshare. His “guaranteed” price was more than I could sale it for myself. He claimed that the Company he worked for gets some kind of tax benefit for doing this. Again, this sounds too good to be true and sounds more like some type of scam.
Does anybody have any knowledge about this operation at Velas Vallarta. I would love to here from any body that bought such a package on their experiences. Thanks.
Comment