The biggest resorts in the business have all started to expand their interests to include the urban market and now Holiday Inn Club Vacations has added its first ever urban location to its portfolio.
Orange Lake Resorts, a part of the Holiday Inn Club Vacations brand, has announced the addition of The Maritime. The Maritime was built in 1893 as New Orleans’ first skyscraper. The historic building will join the 26 timeshare resorts in the Holiday Inn Club Vacations brand.
Tom Nelson is CEO of Orange Lake Resorts, he said: “ New Orleans’ is a dynamic and exciting destination that’s rich in culture, history and entertainment. This beautiful property enables our guests to experience the vibrant Louisiana city in a unique and authentic way. The purchase and development of this urban property underscores our strategy to expand to major destinations, as we continue to grow our resort network to provide our owners and guests with memorable vacation experiences.”
The Maritime, which is situated in the famous New Orleans’ French Quarter, is due to open its doors in early 2020 with renovations starting in May 2019. Once the property is fully renovated, it will contain one and two bedroom villas.
New and exclusive developments are sure to attract many new customers seeking a unique holiday experience. However, a word of warning: many of these properties are used to sell the dream and, more often than not, customers are persuaded to purchase Long-Term-Holiday-Products and point based holiday products, which are often non-refundable, non-transferable and with virtually no resale value. In addition to this, you will face mounting maintenance fees, which resorts can increase on an annual basis and this is entirely at their discretion.
People who enter into Timeshare agreements often find it difficult to keep up with the mounting maintenance fees and simply cannot afford it any longer. They may also find that the Timeshare no longer suits their needs and simply want to end the contract. There are too many individuals who are willing to take advantage of Timeshare owners and offer fake products, along with Timeshare exit schemes. Before agreeing to any Timeshare termination or exit procedure with an individual or company, seek independent advice and fully research any company you are thinking of working with.
It is also important to remember that purchasing a Timeshare should NEVER be viewed as a financial investment. Timeshare is an investment in lifestyle, in future holidays and family time together. There is almost no resale value to a Timeshare.
The mis-selling of holiday products is, unfortunately, common practice within the holiday industry and these type of crimes often go unreported by the most vulnerable in our society and criminal convictions are few and far between.
If you have purchased a Lifestyle / Concierge Service, a Timeshare or a ‘Holiday Points’ based product from a resort or company and feel unhappy with the service, or feel you have been mis-sold this product, please get in touch with us to discuss how we may be able to help you with a possible Money Back Claim.