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We went there several times over the years, getting free rooms in the Jockey Club.
But something happened during our last visit few days ago, and my girlfriend decided to buy it, even though I strongly advised her against it.
There is this timeshare agent there who claims he is also a CPA. He comes across as very trustworthy and knowledgeable person, and this must have convinced my girlfriend to buy.
Verbally, he pitched the deal: 20K points would allow to use 4 weeks of vacation if "we use it wisely" and book in less than 30 days in advance.
But when they brought us the contract, it only said that the owner can get a week in 1BR for ~17K GeoHolidays points, which makes 20K=~8 days. And the contract also said "RCI presently offers a vacation program that allows to book a week for 4950 points in less than 30 days". So they pitch the inflated number of weeks that the points can buy based on some program by RCI that is "presently offered". They don't explain at all what the GeoHolidays program actually entitles the owner to, and that to get these 5K point weeks, the owner will have to also pay $199 RCI exchange fee per week. He also failed to mention that these RCI weeks are leftover, undesirable weeks, and the owner almost certainly won't be able to book Jockey Club for 4 weeks, as he lead us to believe. And this RCI program can, obviously, be discontinued any time.
TS agent got visibly upset when I said that he had misrepresented the program. I demanded they put this clause "4950 points/week if booked in less than 30 days" into the contract and they refused.
After going back and forth they backed out of this contract themselves and refunded the deposit.
Another probable lie that this TS agent was telling was this: "Bellagio Hotel recently announced that they are planning to expand and the only way they can do it is to pay off Jockey Club owners and demolish the Jockey Club." I googled and just couldn't find any such press release from Bellagio in the last several years.
Do not buy from GeoHolidays. They use deception tactics, and are lying and trying to trick you into signing the contract with much fewer weeks than their presentation will let you believe. Do not buy from any TS developer, as almost all timeshares are available on the secondary market for $1 or similar and it doesn't make any sense to pay the developer upfront.
But something happened during our last visit few days ago, and my girlfriend decided to buy it, even though I strongly advised her against it.
There is this timeshare agent there who claims he is also a CPA. He comes across as very trustworthy and knowledgeable person, and this must have convinced my girlfriend to buy.
Verbally, he pitched the deal: 20K points would allow to use 4 weeks of vacation if "we use it wisely" and book in less than 30 days in advance.
But when they brought us the contract, it only said that the owner can get a week in 1BR for ~17K GeoHolidays points, which makes 20K=~8 days. And the contract also said "RCI presently offers a vacation program that allows to book a week for 4950 points in less than 30 days". So they pitch the inflated number of weeks that the points can buy based on some program by RCI that is "presently offered". They don't explain at all what the GeoHolidays program actually entitles the owner to, and that to get these 5K point weeks, the owner will have to also pay $199 RCI exchange fee per week. He also failed to mention that these RCI weeks are leftover, undesirable weeks, and the owner almost certainly won't be able to book Jockey Club for 4 weeks, as he lead us to believe. And this RCI program can, obviously, be discontinued any time.
TS agent got visibly upset when I said that he had misrepresented the program. I demanded they put this clause "4950 points/week if booked in less than 30 days" into the contract and they refused.
After going back and forth they backed out of this contract themselves and refunded the deposit.
Another probable lie that this TS agent was telling was this: "Bellagio Hotel recently announced that they are planning to expand and the only way they can do it is to pay off Jockey Club owners and demolish the Jockey Club." I googled and just couldn't find any such press release from Bellagio in the last several years.
Do not buy from GeoHolidays. They use deception tactics, and are lying and trying to trick you into signing the contract with much fewer weeks than their presentation will let you believe. Do not buy from any TS developer, as almost all timeshares are available on the secondary market for $1 or similar and it doesn't make any sense to pay the developer upfront.