Lawsuit Alleges Marriott Timeshare Owners Lost Up to 90% of Their Value Because of the Hotel’s Carelessness

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Lawsuit Alleges Marriott Timeshare Owners Lost Up to 90% of Their Value Because of the Hotel’s Carelessness

Joseph HostetlerLawsuit Alleges Marriott Timeshare Owners Lost Up to 90% of Their Value Because of the Hotel’s CarelessnessMillion Mile Secrets Team

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Right now hundreds of Marriott timeshare owners in Colorado are suing the company, claiming Marriott is to blame for a huge drop in the value of their timeshares.

A federal judge has partly granted a sanctions motion requested by timeshare owners against Marriott Vacations.  The accusation is that Marriott failed to present important information, and caused timeshare properties to “plummet” in value.

Timeshares seem like incredibly risky business.  There are so many ways to lose money.  That said, many of the timeshare presentations offer free hotel stays, meals, and paraphernalia.  So they can be an easy way to enhance a vacation for the strong-willed.

If you are interested in learning the tips and tricks to cheap travel (and it doesn’t involve paying for an expensive timeshare!), then subscribe to our newsletter and we’ll send them to you daily.

Marriott Timeshare Presentations Are a Quick Way to Earn a Free Hotel Stay – Just Don’t Put Your John Hancock on Any Dotted Lines

Marriott Timeshare Lawsuit

Marriott has been found committing a “discovery violation” toward 200+ timeshare owners.

This ruling comes from a request back in April asking the court to sanction Marriott Vacations for concealing its affiliation agreement with a condominium association. The owners say the value of their timeshares have dropped between 80 and 90 percent because Marriott set up an affiliation agreement with Ritz-Carlton Destination Club and Aspen Highlands Condominium Association Inc. without approval from most of the owners, as they promised to do.

The judge did not perceive Marriott to be disingenuous, and instead just careless.

I’ve never dipped my finger into timeshares, but I see how they could potentially save folks money if there’s an area you find yourself returning to religiously year after year.  But unless that’s an absolute certainty, it’s got to be a huge no-no.  I’ve heard horror stories of folks who think they can successfully market their timeshare when they decide to spend their vacation days another way.  But that leaves a frightening lot up to chance (like the above suit!).

Miles & points are more valuable and flexible than dropping anchor in the same vacation spot for 5 years.  You can use Marriott points for stays in Marriott timeshares, after all.  And there are lots of ways to earn Marriott points.

I’d love to hear a contrary opinion from anyone with a timeshare!

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Hat tip:   Law360

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I have been involved with timeshares for almost 20 years. We have traded our Mexico timeshare six times for Hawaii. The cost is about 1/3 the cost of a hotel. Plus, we have a kitchen to also save on costs.

We purchased our Cabo timeshare on EBay for $136.00. It is a RTU (Right To Use) and it expires in 2040. As an owner in Cabo we have been upgraded to a larger unit more than 50 percent of the time. We also receive a substantial reduction on the “all inclusive” option. We rarely leave the resort. There are six pools, a sports bar with 16 flat screens, and more than 10 food options. We could not afford to stay there if we did not own the timeshare. Did I mention there is a hot tub on the balcony? Our maintenance fee is $475.00 a year for one week of use. Rooms to the general public start at $275.00 a night.

Bought an RCI points timeshare on ebay for $1. Where is not impartant (but it is a desirable location). There were some out of pocket costs like a resort transfer fee ($250) and an RCI transfer fee ($98+$124 if not already a member). However maintenance fees were already paid for the year and I also got the prior year’s RCI points. Next year maintenance fees are approx $900 for 92k RCI points. I can use the points like miles to reserve other RCI points properties (over 3000 available to reserve on average). Each reservation costs $239 per week. (Less for partial weeks).

End result – I can turn that 1 week timeshare into 4 or more weeks at other resorts (depending on how many points are required for a given reservation). All for $900 maintenance fee, $124 RCI member ship fee per year, plus $239 per reservation.

I’ve now used my $1 timeshare to stay at the Grand Luxxe Nuevo Vallarta in a 2 bedroom, 3000 sf apartment with a private pool on the balcony and still had 50% of my points left over. Btw, the rack daily rate for this specific apartment at that resort is $3060 per night. Beat that.

That’s amazing! I am thinking of purchasing. Your maintenance fee is based on which location?

Check out the Vacation Village resorts. Reasonable maintenance fees for a large number of RCI points. Grandview Las Vegas and Vacation Village at Parkway (Orlando) come to mind.

People.need to.do there homework stop.buyimg from.co.
Buy resell.they are cheaper these timeshares are to.expensive AMD when you.throw in the maintenance expensive. Let it be gifted sonyou.dont pay taxes AMD then pay off the seller. If the timeshare companies would wear the prices maybe it would.not be so.much of a problem. They are over.priced

Want to hear a contrary story? I own one in the Black Hills and use it every year. It is the week before the motorcycle rally in Sturgis. When we got it (really cheap) I chose that week because my family rides and we have used it often. I can also switch it up for a week in the late fall for a week of Black Hills golf, casinoes, and good food. And the yearly fee is half the cost of a good 4+ star motel and it is a 3 bedroom, top floor, fireplace, astronomical view, and master bedroom is the loft looking out over Terri Peak. Love this place and I’ve owned it for 25+ years. This one is a no brainer.

I own thru Wyndham nest investment I bought from Fairfield at rock bottom take 2 vacations a year you are right a no brainer

Not to knock anyone owning one, but did you know there are several timeshares that can be bought for $1 or even free? There are good reasons for this.

It’s all about the maintenance fee. You are stuck with it whether you use the timeshare or not. However, if your resort will give you RCI points (not trade-in weeks), then you can use the points currency like miles to buy other vacations.

So if you can purchase that $1 timeshare, then by paing maintenance fees you effecrively purchase RCI points at $.01/point, then reserve a unit and get $.20/point value out of it (comparing to standard daily rates for like unit), then there is no better deal to be had, including playing the miles game.

I found that out the hard way.

Need more info, and I can assess with no bias.

1. What did you pay?
2. What is the yearly maintenance cost?
3. What is the yearly property tax?
4. What city is it in? (Black Hills?)
5. When is the yearly rally?
6. In the 25+ years, did you pay any additional fee/special assessment etc
7. When you stay there, do they charge you any fees? clean up fee etc?
8. What is the time share called so I can see what its currently selling for?

Here’s how to fix this: I attempted to transfer title to an uncollectable brother in law. The TS company has last right to purchase…and they excercised it; paying me 50% of the current value (80% of what I paid). The biggest fear for a TS is deeded ownership by a non-caring uncolectable deadbeat. They’d rather resell and keep collecting mtc fees than go through foreclosure

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