Sir Isaac= Are you saying that Capt. Morgans will refund all monies if their various clients feel that tjey missunderstood what they paid for??
My opinion -No chance IMO

The main shareholder of the vacation club, who resides in the US, is very decent man and IMO will be willing to refund monies if gross misrepresentations have been made at the sales presentation.

I know of one person who did receive a refund due to a misunderstanding a few years back.

She later went on to buy a condo at Paradise Villas.

It is smart to realize the BTB is keeping a close eye on the new timeshare developements (and actively in the process of drafting legislation). I think it wise to have happy clients and not to make waves.

SIN

What a bunxh of codswallop=no T/S company will refund money except for illegalcontracts =noT/S contract is illegal as the contracts are written by lawyers who reside in that country.
The BTB have not got a clue what T/S is really about.
Please explain -how can maintainance be over 30000 usd per year per appt. or am I missing something here??

No GROSS missrepresenations on our deal. I should clarify that it is only one problem, and as stated above, the office seems to be working things out. I certaintly dont want to be making a mole hill into a mountain. I was merely responding to someone else who had purchased a time share who had a bad experience there and I wanted others feedback since this is our first time owning one. As stated earlier we love the resort and the staff was great last time we stayed there. I do appreciate everyones feedback. Thanks.

Got things settled with Captain Morgans. They were nice about the situation, sorry for the misrepresentations and we resolved almost everything. Hope all you timeshare owners have a great experience with your timeshares.

Pedro, he was saying if you pay $650 for only one week, then they have the opportunity to make over 30 thousand per year for that one unit in maintenance fees.... of course this is a stretch because none of them are rented every week, but he makes a good point.....

Yes, Pedro, as usuall you are missing something here.....

Since your departure from the timeshare scene, the term "maintenance fee" has been abandonded and rephrased "assessment" as maintenance is just a portion of the annual expenses associated with the operation of an interval resort.

Mr. Mahler from the BTB and Richard Sutton (CEO, Royal Group) would also beg to differ with you.

There may actually be someone on this Earth more intelligent than you.

SIN

Wow an attack on my intelligemce-so you as a resort (whichever one it happens to be) do not call it a maintainance fee - big deal.
You say we assess you at 600 plus usd per week owned-that is an outright bargain because I presume that you sell "floating time" which in reality does not exist as every week sold has to be designated a fixed week i.e. a week between 1-51 on a timeshare calander this is because RCI need to take a guaranteed week from the resort to swap.
Therefore when you have sold 51 weeks you go to the next appt.-How on earth can it cost over 30k to maintain/assess an appt.-it does not-how much money does the assessment take for the management company off your week-it is huge,and is the benefit for every timeshare developer as eventually the client just dumps the appt. and the resort can resell it for more money.

This may be true with the failed project which you marketed, which was resposible for embesseling millions from clients.

1. Points and floating time are inventoried by demand season and reserved using various reservation windows. In much the same way RCI and II designate demand season using color codes. Each reservation process is unique to each vacation club.

2. Assessment fees include all taxes, insurance, maintenance and ALL other operating expenses (management, transfers, reservations, etc...). Included in this annual fee is a reserve account, set aside for the replacement of fixed assets when these items need to be replaced.

3. Vacation Ownership is the fastest growing sector in the travel and tourism industry, WORLDWIDE, even after 9/11. This is a fact. It must be working. II and RCI (optional services) see increases in memberships on an annual basis.

4. Timeshare does in fact have a tainted image due to past developers practicing unethical and illegal methods of sales and management. Fortunately, due to these same practices, MOST (but not all) of these developers have vanished from the timeshare scene. Today the timeshare industry is one of the most heavily regulated. Thus the entrance of Disney, Mariott and Starwood to the playlist.

5. Historically, timeshare owners end up purchasing additional time at other resorts.

This business has changed.

Lead, follow or get out of the way!

And, no, it was not an attack on your intelligence, just letting you know there may be some, not even British, on this Earth that could be a little better educated that you in certain things.

SIN

I have never taken a penny from customers on this island -If you where here at the time, you will remember that I invested a lot of money in Basil Jones Resort and within six weeks of me arriving here, found out that it was a con. Unfortunately, for many people, who invested in the resort, they believed the developer, who incidentally invested no money, but everybody wanted to believe him- having told many people that Adam was a con artist and advising against investing in that particular project people just went on ahead and invested.

If you want to attack me, please get your facts correct and also I would appreciate that you should tell your clients exactly how much after their initial investment they will pay per year for their own apartment.

If you consider timeshare a good investment, a good value for money, a good holiday investment, would you please explain to me exactly how an $18K investment for one week an apartment, with an "assessment" that goes up yearly with no guarantee of what percentage monetary wise, because it won't go down, and how much it costs to use an apartment that you technically own for one week every year.

My maintenance for a year is $1500US in a 2 bedroom apartment. This is for the entire year and the management company have to proove that they need more money to maintain the apartment. You on the other hand, have to proove nothing - other than that you want to make more and more money out of a management company by hammering the poor people that have invested in something they think they own when all they have is the "right to use" which is not an ownership it is almost like a rental.

I also do not hide behind a pseudonym and believe that you really do not understand what you purport to sell. If indeed you represent Captain Morgans, which would surprise me, I would not be surprised to find that you have misrepresented what you sell.

Please explain to us how and $18K purchase of a timeshare unit is a good way of distributing my money around this world. Also, with the "assessment charges", the exchange fee charges, the RCI charges - all if which go up every year, are better than leaving my money in the bank and using the money to go on holiday.