Author: Staff Contributor

Consolidated Resorts Inc., a Las Vegas based timeshare company along with its affiliated companies, has commenced the process of filing for Chapter 7 protection this week in Nevada bankruptcy court. A Chapter 7 liquidation filing means that trustees will sell the timeshare company’s assets and then apply the proceeds to repay debtors.

Last month Consolidated Resorts Timeshare Company announced it was closing its sales and marketing offices but that the resorts would remain open for timeshare owners. Consolidated spokesman Ken Chupinsky told The Las Vegas Sun, “…timeshare interval owners will continue to have full use and enjoyment of the resorts.”

According to officials at Consolidated Timeshare Resorts, a management company that has not filed for bankruptcy protection will run the condominium associations that are responsible for each resort, adding that resorts are owned by the timeshare owners. Ken Chupinsky was quoted in The Las Vegas Sun as saying, “This has nothing to do with the timeshare owners. The timeshare owners are in fine shape.”

The timeshare company pointed to lack of financing available to timeshare owners to purchase new timeshares and a dwindling inventory as contributing to the problem. Consolidated Timeshare Resorts includes 14 timeshare properties; 3 that are Las Vegas timeshare resorts, 1 Orlando timeshare resort and 9 Hawaii timeshares.

It is hard to predict what the immediate or long-term responses will be by timeshare buyers and sellers.

Here are links to timeshare resales at Consolidated Resort’s 9 Hawaii timeshare properties:

• Sands of Kahana Vacation Club
• Kahana Beach Resort
• Hono Koa
• The Gardens at West Maui
• Kahana Villa Resort
• Maui Beach Vacation Club
• Maui Banyan Vacation Club
• Kona Islander
• Imperial Hawaii

Sources:

• Las Vegas ReviewJournal.com
• The Las Vegas Sun

“Book ’em, Danno.” If you don’t remember anything else about the TV show, “Hawaii Five-O,” you probably remember this command issued at the end of almost every episode by McGarrett (actor Jack Lord) to the young police officer, Danny Williams (actor James MacArthur).

The popular police drama aired from 1968 to 1980 and helped bring the allure of the Hawaiian Islands into millions of American homes on a weekly basis. At the time the show began, Hawaii was still a recent addition to the US, having held statehood less than 10 years. Many fans of the show followed it as much for the scenic views and flavor of the islands as for the storyline and characters.

Most episodes of Hawaii Five-O were shot in Honolulu and other locations on the island of Oahu, and every week, the opening credits included images of the skyline along Waikiki Beach and a pensive McGarrett standing on the balcony of the penthouse suite at the Ilikai Hotel. This week, the Ilikai Hotel announced its closing, shutting down some 200 hotel rooms. Within the resort complex are approximately 800 more timeshare units and private condos which will remain open.

Shell Vacations Club Hawaii Timeshare

Shell Vacations Club at Waikiki Marina Resort at the Ilikai timeshares are fully operational and continue to be an ideal location for enjoying a Hawaii timeshare vacation. While it is no secret that the troubled economy has hurt Hawaii tourism with many vacationers opting to save the airfare and vacation closer to home, Hawaii hotels have been hit the hardest. Hawaii timeshares have also felt the impact, but to a lesser degree as many Hawaii timeshare owners see their vacation ownership as prepaid vacation accommodations at a locked-in price.

Follow these links to learn more about the opportunities in Shell Vacations Club at Waikiki Marina Resort at the Ilikai timeshare resales and timeshare rentals.

Click here to find out more about Hawaii timeshare resales.

And be sure to play this YouTube video, where the theme song alone is sure to bring back memories.

The New York Times says the Obama family is looking for a place for their summer vacation. Word is, they have already narrowed down the destination to Martha’s Vineyard, but may not have arranged their actual vacation lodging. As pointed out in a New York Times article, “President’s Vacation: Not Much of a Secret,” the Obama’s, (unlike many of the past Presidential families) do not own a vacation home.

So where exactly the Obama family will be staying during their August vacation remains in question. Will it be a hotel? A private residence? A quaint bed and breakfast?

How about a timeshare, Mr. President? With a timeshare, you can bypass the time and energy spent in vacation planning and scheduling, and go straight for some vacation relaxation.

Vacationing Celebrities and Dignitaries Boost Local Economies

In 1993, President and Mrs. Clinton (who also did not own a vacation home) vacationed in Martha’s Vineyard, staying at the Mansion House hotel. In advance of their arrival, the hotel’s owner hung a banner, welcoming the Clintons for their 10-day vacation stay. According to the New York Times, Charles J. Ogletree, a law professor at Harvard and summertime resident at Martha’s Vineyard says, “The rumor mill (about where the Obama’s will stay) is rampant …”

Wherever a Presidential family is vacationing, businesspeople in the area view it with anticipation, calling a Presidential visit, “… great for business … like our own islandwide recovery package.”

Timeshare is a Logical and Luxurious Solution to the Vacation Dilemma

If you, like the Obama’s, and the majority of other Americans, do not own a vacation home, don’t let that stop you from enjoying a fabulous summer retreat. Buy timeshare resales or enjoy a timeshare rental and experience all the benefits of vacation ownership without any of the year-round maintenance hassles and responsibilities.

Timeshares and timeshare resales make sense in any economic climate, but they have never been a better solution than they are right now. Despite the challenges of the economy, vacationing is still critical. As President Obama himself points out, “The most important thing you need to do is to have big chunks of time during the day when all you’re doing is thinking …” If not, he said, “… you start making mistakes or you lose the big picture.”

Welk Resorts timeshares are expanding with young families and active vacationers in mind. The addition of 80 timeshare units at the Mountain Villas timeshare at the Escondido (San Diego) Welk Resort, plus a new 25,000 sq. ft. recreation center, and a $5 million pool complex have made this California timeshare resort more appealing than ever—especially for vacationers seeking luxurious accommodations and plenty of entertainment activities.

The North County Times describes the expansion as a move, “further upscale and farther uphill”. The new Welk Resorts Mountain Villas timeshare addition brings the total number of timeshare units at this popular California timeshare resort to approximately 560. According to General Manager, Sean Coogan, the new units offer better views of the valley and mountains and are more luxurious.

The new recreation center, designed by Patricia Kane of Chicago’s Studio PK Interiors, Inc., is part sales center, and part owner’s lounge, theater, and kids club. The new activity center and 6,500 square foot (surface area) zero-entry swimming pool, makes the fifth activity center on the timeshare resort property, a feature Welk Resort timeshare hopes will help attract young families and high-energy vacationers, in addition to the many older timeshare owners who already know and love the Welk Resort brand.

The timeshare resort already featured two 18-hole golf courses, a live theater with Broadway-style productions, and convenient proximity to LEGOLAND™; downtown San Diego; SeaWorld™; the famous San Diego Zoo; and the San Diego Wild Animal Park.

Expansion and Renovations are Positive Message to Welk Resorts Timeshare Owners

Welk Resorts timeshares are expanding their Branson timeshare and are building a new California timeshare at Cabo San Lucas, Baja California. The company points out that their growth and expansion send a positive message about the timeshare industry and Welk Resorts timeshares, despite the currently troubled economy.