No. 04-99-0002. As of October 1, 2016, the price of points in the Diamond Resorts U.S. Collection starts at
$8.52 per point
and a minimum purchase of 2,500 points is required. Pricing is subject to change.
For those who are eligible,
TransitionsTM by Diamond Resorts may offer members and owners an easy and respectful way to relinquish all or part of your vacation ownership
, providing you with the opportunity to transition out of vacation ownership.
- call. 855-342-3689.
- Click to Email.
[email protected]
- Explore Your Options. diamondresorts.com/transitions.
The only way to get rid of your timeshare maintenance fees and the other special assessment fees altogether is to
get rid of your timeshare
. Because as long as you own the property, there’s really no way to end the yearly onslaught on your bank account.
If you stop paying your timeshare maintenance fees,
you will likely default on your ownership
. This not only hurts the resort, but it hurts you and your credit. Like a home going into foreclosure, the resort takes the ownership back and it will stay on your credit report.
Are Diamond Points worth it?
Diamond Resorts Credit Card points are
less valuable than the average travel miles, which are worth almost 1.10 cents each
. It’s important to remember that the value of Diamond Resort Credit Card points depends on how they are redeemed. They have the most value when used for Diamond Resorts travel booking.
Can I sell my diamond resort points?
Resale Information: Unfortunately,
Diamond Resorts has restricted the ability to resell THE Club points on the secondary market
. Diamond requires that all resale buyers must upgrade their points with the developer.
Is Diamond Resorts merging with Hilton?
Hilton Grand Vacations has announced that they will be acquiring Diamond Resorts
, who is the largest independent timeshare operator. The agreement between Hilton Grand Vacations Inc. and Diamond Resorts International, Inc. will be a stock based transaction, with the estimated value of approximately 1.4 billion.
Can you cancel Diamond Resorts membership?
Cancellation: For a full refund of your Deposit,
Owner(s) may cancel at any time within 10 days upon receipt of the confirmation letter
(the “Cancellation Period”). Please send cancellation requests to Diamond Events, 10615 Park Run Drive, Las Vegas, NV, 89144 or call 1.800.
The best place to start the process of transferring your timeshare, is to
give your home resort a call
. They will be able to handle all the administration that comes with the transfer, so all you have to do is sign on the dotted line.
Who is buying Diamond Resorts?
Hilton Grand Vacations
has completed the previously announced acquisition of Diamond Resorts International, creating the largest upper upscale and luxury timeshare operator in a stock-based transaction with an equity value of approximately $1.4 billion, according to a press release from Hilton Grand Vacations.
You can’t just walk away from a timeshare
. That’s because they often come with an obligation to pay maintenance fees for as long as you own them.
- Call the developer.
- Rent it out.
- Sell it on the resale market (expect to take a hit).
- Gift it to a friend, family member or stranger.
- Stop your payments (but expect consequences).
- Avoid scams.
What’s happening with Diamond Resorts?
It’s officially official:
Hilton Grand Vacations’ $1.4 billion acquisition of Diamond Resorts has closed
. As we previously reported in March, when the merger was first announced, the deal caused shockwaves through the timeshare industry.
Can you sell your timeshare back to the resort?
Yes, under certain circumstances
. However, most of the timeshare community is on their own if they want a way out. Your last resort options are selling it yourself or receiving help from a trusted timeshare cancellation company.
If a repayment plan isn’t negotiated, the timeshare company might go the route of taking you to court for breach of contract to get a judgment against you and place a lien against the property. Ultimately, they will foreclose on the property.
Canceling your timeshare can also be difficult due to
financial reasons
. Resorts are notorious for encouraging people to make a down payment on a credit card. Putting a substantial investment on your credit card is never a wise idea. Your interest rates will skyrocket, and it’ll take you a while to pay it down.
1. Maintenance fees. The money you pay to maintain the property
may be tax deductible, but only if you rent your timeshare
. If you own the timeshare outright, however, you can’t deduct the maintenance fees.
Leased timeshare ownership will define the number of years you can use the timeshare, usually lasting long-term. On average the lease can expire in
20 – 99 years
.
According to the American Resort Development Association, the 2018 average timeshare maintenance fees
annually
are $1000. However, the cost can vary by the resort, developer, how many points you own, or the size of the unit you own.
Why did Stephen Cloobeck sell Diamond Resorts?
Cloobeck left Diamond International Resorts in 2016
to pursue other business ventures
and remains a major Democratic donor and local philanthropist. Stephen J. Cloobeck earned a reputation as a successful businessman when he turned Diamond International Resorts into one of world’s top timeshare vacation companies.
Is Wyndham part of Diamond Resorts?
| 25% Promoters | 71% Detractors |
|---|
Diamond Resorts is
a timeshare company headquartered in Las Vegas, Nevada, with regional offices in Orlando, Florida and Lancaster, United Kingdom
. The company has a network of more than 379 vacation destinations in 35 countries around the world and sells vacation ownership points.
Who is the CEO of Diamond Resorts?
Michael Flaskey (Mar 3, 2017–)
How much are embarc points worth?
$40.00 CANADIAN / POINT
. Full year of banked points from the 2021 Use Year as a free gift from the Seller.
