Due to unforeseen circumstances Inside Timeshare was not able to complete the article for publishing yesterday, this has been postponed for another day. We have also been hearing from various readers regarding their Marriott ownerships and the news they have been given that Marriott Timeshare is in imminent danger of collapse. Well, things couldn’t be further from the truth, as you will see with the latest developments from the courts regarding Marriott.
We begin with Claims Solutions Group Ltd based in Aberfeldy, Scotland, this company came to light several years ago when they began contacting Diamond Resorts owners under the company name of Timeshare Solutions Group Ltd. Since then they have moved on to other timeshare companies including Silverpoint, now they appear to be targeting Marriott owners.
We don’t see a problem with this but it is what these owners are being told is what makes it worrying. In the call, the member is told that due to the number of cases that Marriott are losing in the Spanish courts the collapse of Marriott Timeshare is imminent.
So one of the largest timeshare and vacation companies in the world is in danger of “collapse”!
Marriott has many interests including the ownership of one of the largest timeshare exchange companies in the world Interval International, they are also a public listed company and as such have a duty to shareholders. So it is very strange indeed that none of this has been made public!
We suspect that this is yet another ploy to scare owners into taking up a legal service.
It is a fact that in July 2018, Inside Timeshare published the article “Marriott Admit Losing in Spanish Courts”, this article explained that in their public statement to shareholders they did admit they were losing but they also set aside $16.3 million to cover these cases. No doubt with more cases entering court they will set aside even more.
Link to the original article and to the report published in Market Exclusive.
Following on from the above today Inside Timeshare received the news that Marriott who lost a case at the Court of First Instance Number 7 in Palma de Mallorca, decided to appeal the sentence. The companies involved in the case were MVCI Holidays SL and MVCI Management SL the successor to MCVI Management Europe Ltd.
The twist in this story is that they then immediately paid voluntarily the original amount awarded to the court. It is believed that they have also retracted the appeal. Obviously they have realised that they really do not stand a chance of overturning the original ruling and have bowed out “gracefully”. This can only be good news for Clients with cases already underway and for those contemplating taking out legal action.
In this case, the court declared the contract null and void as it contained floating weeks and the contract was over 50 years in duration, the German client of Canarian Legal Alliance is now set to receive over 48,000€ and is also timeshare free.
The lawyer representing this client was Adrián Diaz-Saavedra Morales of Canarian Legal Alliance, so congratulations on a job well done.
That is it for today, but please remember to check for yourself any information that you are given regarding your timeshare, much of it is scaremongering to make you sign up for a service that is unlikely to ever happen. As we always say:
DO YOUR HOMEWORK YOU HAVE NOTHING TO LOSE!