Timeshare Sales End at Golden Sands Malta

Welcome to the end of the week, today Inside Timeshare reports of the latest news coming from Malta. It has been announced in the Times of Malta that timeshare sales are ending at the Radisson Blu Golden Sands Resort and Spa with the loss of around 80 jobs. Azure Services Ltd which is the sales and marketing company for the resort told employees by email that “the majority” of staff will be made redundant. They will be making way for a new “elite team” which will be embarking on a “new strategy”. As yet we don’t know what this new strategy is, but this will be a blow for the staff especially at this time of year. (See link at the end for the full article)

Azure Services Ltd is part of the Limora Group owned by the Trotta family and is the Maltese sister company of Silverpoint selling the very same products. Azure Services was set up in 2003 with the sole intention of selling timeshare or as they called it “vacation ownership” at the five-star Radisson Blu Golden Sands located at Golden Bay beach at Għajn Tuffieħa.

Radisson Blu Golden Sands Resort and Spa

Linked to the hotel at one point were the Manchester United football players Gary Neville and Ryan Giggs, they had invested in Island Hotels Group which was the company that managed the hotel. This was a major selling point for the sales staff and tended to swing sales in their favour.

In 2015, the Corinthia Group, the parent company of Corinthia Hotels a Maltese hotel company acquired a 50 per cent share of Azure Services, with the remaining 50 per cent being owned by international investors (Limora Group).

On Monday the email sent to employees explained that the company would no longer be selling timeshare or holiday clubs but the focus would be on servicing its thousands of members.

The email went on to say “inevitably, in consequence of this new strategy going forward, the majority of the sales and marketing teams will need to be made redundant to make way for an elite team of marketing and sales staff selected to promote and take forward this new strategy.”

There will also be a restructuring of other servicing departments and this could increase the numbers losing their jobs to 120.

In the Times of Malta report, a spokesman said that both sets of shareholders remained committed to the future of the resort as a “high-end luxury destination.” They also maintained that Azure and Golden Sands Resort would fully honour all timeshare commitments arising from obligations to existing members

Azure sold not just the basic timeshare but also copied the model from their sister company in Tenerife Silverpoint, this was the selling of “investment” weeks with the promise of rental income and then a resale with profit after 2 years. None of this ever materialised.

They also moved into selling membership points-based holiday club called Azure X, which Inside Timeshare has been told by readers is known as XP. These are explained by the sales staff as a virtual currency such as bitcoin and could be traded in the same manner or used to gain access to motor yachts, supercars and other hotels which include those owned by the Corinthia Group.

This product is designed as an attempt to bypass timeshare legislation as it is a membership to a club and has no property or weeks attached. But we all know that anything sold by any of the Limora Group companies will be worthless and useless, just look at all the products sold by Silverpoint over the years.

As for the new product and the “new strategy”, we will just have to wait and see what this will bring, no doubt it will not be for the benefit of the consumer!

Full article Times of Malta

https://timesofmalta.com/articles/view/timeshare-sales-end-at-golden-sands-with-loss-of-80-jobs.756316

This is not the first time Azure and Golden Sands has hit the press, Malta today reported in February 2019 on the investigation by the FCA into loan agreements brokered by Azure for the purchase of timeshare with Barclays Partner Finance. These loan agreements were brokered illegally as Azure was acting without official authorisation.

https://www.maltatoday.com.mt/news/national/93169/golden_sands_timeshare_loans_investigated_over_misselling_by_uk_watchdog_#.XfNzg-j7SUm

If you have purchased any product from Azure especially the XP “virtual” currency, Inside Timeshare would love to hear from you. Please use our contact page and Inside Timeshare will get back to you.

Have a great weekend.

Club Paradiso: Latest News

Inside Timeshare over the past months has been reporting on the latest developments regarding Club Paradiso and The Paramount. We reported some time ago that Alex Lawson of Alvarez and Marsal became the administrator of Club Paradiso Ltd and began proceedings to liquidate the company (club). We also reported earlier in the year that many bookings made by members had not been honoured, the reason given was that Excel Hotels and Resorts had not been paid for the bookings. Many members arrived to find The Paramount closed and had nowhere to stay unless they paid yet again.

The strange thing is that all the companies involved in this are all part of the same group of companies of which Alex Lawson is being placed as administrator to liquidate them. He is also the appointed liquidator of Limora Group the parent company of Silverpoint, Excel Resorts and a host of others.

In the latest letter to members Alex Lawson tries to explain what is going on, he begins with the excuse of a “breakdown of relationships with a number of inventory providers”, which necessitated the suspension of all new bookings from June 2019.

Alex Lawson

He then goes on to explain that the “company” had been working hard to honour “existing 2019 reservations as far as possible.” Unfortunately for the majority of members, they have had to make their own alternative arrangements.

The letter goes on to state that given the issues that face Club Paradiso they are unable to confirm any bookings for the 2020 period. His advice is to contact the destination resort to confirm if the booking is still valid and arrange “for payment” for the accommodation or to “confirm cancellation.”

The next paragraph which is in bold and underlined goes on to say:

“For the avoidance of doubt, please note that, in the case of bookings for the 2020 calendar year, whether previously confirmed or unconfirmed by Club Paradiso, Club Paradiso is not able to maintain these bookings and is not able to assist with payment or the sourcing of alternative accommodation in respect of the same. This applies to any bookings made during (or before) 2019 for the 2020 calendar year (and beyond).”

Well, that is blunt and straight to the point, members will get nothing.

Lawson then goes on to say that the property (The Paramount) “was never owned by the club,” it was only made available to members through a lease agreement, he then states that the company (Club Paradiso was not a direct party to).

Again he goes on to blame “unpaid lease payments” as the reason why The Paramount was “unable normal operations”. This resulted in The paramount having to deny access to club members.

Lawson then explains that The Paramounts former owners (whoever they are) agreed on a sale and it is now under new ownership. He also points out that Club Paradiso was not directly involved in the sale and is unable to provide any information on the sale or the future of The Paramount.

Now considering that Lawson is involved in the liquidation of many of the companies of Limora Group and the fact they are all interconnected it does seem very strange that he claims he does not know what is going on!

So to recap, Alexander Lawson as liquidator closes down Club Paradiso along with The Paramount itself claiming unpaid fees,  using this as justification to members/investors as the reason the building is closed.

The building is then sold to a real estate company in Tenerife who are now selling the apartments off as individual units (so why is the money made from this sale not given to the investors as per their contracts?). He also believes that nobody will take any legal action but will just roll over and lose everything they have paid for, somehow Inside Timeshare cannot see this happening.

It is now becoming very apparent that the whole structure of which Silverpoint is a part of is just a very large criminal enterprise. This also includes the actions of the liquidator who is taking action which does not benefit creditors or the club members themselves, His actions are guided by his employers the UBO’s (ultimate beneficial owners) the Trotta family who all reside in the USA. (See link below for the full story if the reasons behind the liquidations).

Inside Timeshare has also heard through the grapevine that the State Prosecutors Office of Tenerife has also included Alex Lawson in their criminal investigation. Further information on this when there is confirmation.

What Inside Timeshare can reveal at this point is that one law firm is already on top of this and is currently taking action on this, no prizes for guessing which law firm, Yes, Canarian Legal Alliance.

If you are a member of Club Paradiso and would like to know your legal options or further information you can either use the contact page on Inside Timeshare or you can contact Canarian Legal Alliance direct through their website: https://www.canarianlegalalliance.com/

Link to the 6 part article on the liquidations.

https://insidetimeshare.com/?s=exclusive+breaking+news


Global Timeshare Legal Experts

Another company and website have come to the attention of Inside Timeshare, Global Timeshare Legal Experts, which are based in Dubai. Once again the claims made by this website do not appear credible at all just due to the fact of how long the website has been operating.

The website

was only registered on 8 May 2019 so is only just about 8 months old and is also due to expire on 8 May 2020. The owner of the website is also hidden through the use of a privacy protection company. As we often say these two factors should always sound the alarm bells.

The company itself is in Dubai with the address:

Suite 1901 Level 19 Boulevard Plaza Tower 1 Downtown Dubai UAE

The company has not shown on any company registration either in Dubai or elsewhere.

Telephone: +971 52 877 6964 (This is a Dubai mobile number)

Email: i[email protected]

According to the website they have won 600 cases and 120 Supreme Court rulings, they also claim that they have 16 specialists working for them, yet no mention of who they are. Well, all we can say to this is very impressive for a company that appears to be less than a year old and we know for a fact that Supreme Court cases are never going to happen that quick. We also know that there is only one firm law firm that has achieved any Supreme Court victories with 130 to date.

While checking over their website the Latest News section shows several cases against Anfi, Club la Costa and Silverpoint, which they are claiming to be their own clients. The problem is these are the very same news items that have appeared on the Canarian Legal Alliance website and have been confirmed to belong to cases brought on behalf of clients of Canarian Legal Alliance. Obviously just a cut and paste job.

The other point to their claim that these are their clients are the dates, for example in the link below the date given for this case is 1 February 2018, over one year before the company or website appears! Inside Timeshare leaves you to draw your own conclusions on that.

We have already identified one name associated with this company, Robert Saric, according to part of the contract (German Client) produced below he is based in Gran Canaria.

So Robert Saric with his company and website is attempting to entice timeshare owners to sign up for cases on the back of false claims in their news section which have basically been cut & pasted from another company. This is certainly a case of deception which timeshare owners do need to be aware of.

Robert Saric

Another name that has come to our attention is a gentleman called Herr Jansen, we have been informed that Jansen is working with Saric who apparently is his boss, but we also know that Jansen is taking on clients for legal action against their timeshare resorts.

From other information we have received he claims that he is overseeing the claims and working with Canarian Legal Alliance, having checked with CLA they have denied any knowledge of this person either working with them or passing on clients.

We have also been informed that Jansen has been in contact with a client of CLA and quoted 15,000€ for the legal fees when the cost of his case through CLA is only 6,500€!

We have also been informed that Jansen is also using CLA cases as his own.

According to emails received by our readers, Jansen is working with a company called Businex which according to their website and web registration details belongs to a company called Heidital Consultancy Ltd.

Businex is an internet marketing outsourcing company, so the question is why is Jansen using their address and email as they do not show any sign of being involved in timeshare litigation or claims?

Address on Jansens Email:

48 Burj Gate Sofitel Hotel Downtown Business Tower 7th Floor P.O. Box 8867 Dubai United Arab Emirates

The email also shows the same telephone number as the Businex website which is a UK number with a Northampton code: +441604300037

Email: [email protected]

The bank details which Jansen has sent for clients to pay which is the Noor Islamic Bank are:

FIRMENNAMEN: SOCIAL BUSINESS AND CONSULTING FZE

BANK: NOOR BANK

BANKADRESSE: DUBAI MALL BRANCH

IBAN: AE39 0520 0015 10770240037

SWIFT: NISLAEAD

One thing that is very certain both of these look extremely dodgy to us at Inside Timeshare, we have been in contact with CLA and they have asked that we publish the following statement.

If you have been contacted, signed up and paid any money to either of these companies or individuals to contact CLA, they will review your case against them and represent you free of charge in retrieving your money.

You can contact CLA via the contact page on their website or

Telephone: +34 928 18 50 28

Email: [email protected]

German Translation

https://translate.google.es/translate?hl=en-GB&tab=rT1&authuser=0&sl=en&tl=de&u=https%3A%2F%2Finsidetimeshare.com%2Fglobal-timeshare-legal-experts%2F