Author Archives for RedWeek

MAJOR NEWS: New York Attorney General Settles Case Against Manhattan Club and Promises $6.5 Million Restitution to Owners

AUGUST 16, 2017 — MANHATTAN.  After more than three years of investigation and litigation, the New York Attorney General’s Office today announced the settlement of the Big Apple’s most notorious timeshare case. The AG announced that hundreds of owners at The Manhattan Club will share in a $6.5 million settlement approved by the long-troubled operators…

US Timeshare Industry Posts 7th Straight Year of Sales Growth

Last month, in our Ask Redweek forum, we posted an article about positive trends in the resale market.  For the first half of 2017, resale closings tracked by RedWeek rose 46 percent compared to 2016.  As a follow-up to our feature on resales, we’ll now give you a snapshot of industry-wide stats just released by…

Timeshare Industry’s Biggest Annual Convention Underway in The Big Easy

By Jeff Weir, RedWeek.com’s Chief Correspondent Welcome to the Big Easy! Not sure how many people own timeshares in Louisiana, nor how many timeshare owners live in Louisiana, but RedWeek can guarantee you that several thousand timeshare people — developers, CEOs, staffers, realtors, resale companies, lawyers, litigators and title experts, PR consultants, escrow agents, HOA…

The Diamond Chronicles: Life in the Fast Lane, Timeshare Version

By Jeff Weir Chief Correspondent for RedWeek.com This is the first of what may be several columns on the changes afoot at Diamond Resorts International, which was just bought out by a huge Wall Street investment firm, Apollo Global Management, for $2.2 billion.& The merger’s effect on owners is to-be-determined, which is why we are…