Over the past few weeks, Inside Timeshare has been receiving many emails regarding Club Paradiso, it seems that they all have one thing in common, they are not able to get into their resort and use their weeks. As we know, Club Paradiso has closed its doors, the website is down as is the website for Excel Hotels & Resorts the company which manages the resorts. It also appears that telephone calls are not being answered.
The latest email involves a member who has “invested” in several weeks, being elderly and now unable to travel abroad they decided to use their weeks and book an associated resort in the UK. Unfortunately, they have just received a call from the resort that their booking has been cancelled, the reason given is that Excel is not honouring the payments to the resort. This is despite being up to date with their maintenance fees.
This particular reader was supposed to be checking in this Sunday 7 July, now they have been left without their holiday with no other alternative to using their weeks anywhere else.
Other readers have also informed us that they have been moved to other resorts sold by Silverpoint, but have been told they would have to pay if they wanted to check in, despite already having paid this year’s maintenance fees. These resorts are also managed by Excel Hotels & Resorts.
We do know Silverpoint and Excel are in the middle of a dispute, what the reasons for this are is not actually apparent, but it is affecting many members of Club Paradiso who are now losing out on weeks they have purchased and paid the annual maintenance fees. This does not seem fair at all.
What we must also point out is that both companies are part of the same group of companies owned by the late Bob Trotta and the parent company Limora Investments Ltd (BVI). The following companies are filing for liquidation along with Limora Investments Ltd, Excel Overseas Holdings Ltd (BVI), Keys Concierge and we believe others will be following suit.
Although there are reports that Silverpoint has filed for liquidation it must be pointed out that so far they have not and due to the reasons surrounding this, it may be impossible to do so. If they do file for liquidation, this could result in criminal charges being brought as the reasons for the other liquidations has been fully explained in the link below.
These liquidations are an attempt to save the Trotta family finances, you can read the full story behind this in our six-part series Exclusive Breaking News: The Truth Behind Silverpoint Exposed (Part Six), on the link below.
This should put you the members in no doubt as to why you are likely to lose everything that you have paid for with your hard earned cash and in some cases with high interest loans brokered by the sales staff.
If you purchased any product sold by Silverpoint form standard timeshare weeks to the “investment packs” and the “company participation scheme” and would like to know where you legally stand, then use our contact page, Inside Timeshare will then point you in the right direction to help you decide on your options.