Subsidiaries: Who Owns What
The Timeshare Industry can be ruthless in its dealings, and often, consumers are thrust into a chaotic sales pitch before they even realize what is happening. In these whirlwind situations, it’s difficult to understand who you are truly dealing with, and to whom the contract belongs to. Vacation real estate corporations use subsidiary shell companies to create different points of contact across the world. And while this information is in the open, the general public is often unaware of who is above or below the company they are currently signing on with, and most importantly, who to get in contact with when their deal has gone awry. It’s an integral part of their scam; misdirection—and should be among the first and foremost thoughts to consider when looking to free oneself from a Timeshare.
The Timeshare Industry is Bigger than it Seems
Almost every major hotel chain, no matter how localized, has a hand in the Timeshare industry. Smaller chains are bought outright and remodeled by the parent company. These newly acquired chains or resorts usually keep their names, but their paperwork, contracts, mission statements, and advertising changes to match their parent organization. Larger chains however, partner with the smaller resorts, opting to form a new venture, and in doing so, form powerful conglomerates composed of a ring of smaller resorts, making it that much more difficult for the average consumer to parse out what resort chain they contracted with, where to complain, and where their money is being spent. Big Resorts hide out while the smaller partner resorts deceive consumers, one major reason for doing this is to shift legal liability away from any one name if you attempt to sue a resort. Alternatively, it’s done to strengthen their case and intimidate the consumer, as instead of going up against one resort as one would expect, you are suddenly against the resort’s chain. The subsidiary may own the brand name, but the greater corporation owns the subsidiary.
How to Find the Resort Chain
So how does
a consumer protect themself? The simplest solution is to do your research prior
to purchasing a timeshare. The information is public, and often, a quick web
search is all it takes to follow the chain upwards. However, the vacation
corporations are vast, and in some cases are a global network. The quickest
method then is to search the archives of the US Security and Exchange
Commission (https://www.sec.gov/), where corporations by law are required to provide a full
list of subsidiaries and brands registered under their names, annual revenue,
official corporate registration under by each state. There are only a select
few major Conglomerates that exist, managing nearly every hotel or resort brand
one could imagine.
Provided
below, is a short list detailing a few of the major Timeshare Conglomerates,
and examples of subsidiaries consumers may have signed on with. This list is
in no way exhaustive, but provides context as to how these timeshare
companies can weave around legality under different entities.
·
Berkley
Group
o
Lando
Resorts
o
Vacation
Village
o
Massanutten
·
Bluegreen
o
Ascend
Resorts
o
Tradewinds
Resorts
o
Carolina
Grande
·
Cerberus
Capital Management
o
Exploria
Resorts
·
Hilton
o
Canopy
o
Conrad
Hotels and Resorts
o
Curio
Collection
o
Diamond
o
Embassy
Suites
o
Grand
Pacific Resorts
o
Hampton
Inn
o
Hilton
Grand Vacations (HGV)
o
Home2
Suites
o
Homewood
Suites
o
LXR
o
Signia
o
Tapestry
Collection
o
Tempo
Hotels
o
Waldorf
Astoria
·
InterContinental
Hotel Group
o
Avid
Hotels
o
Crowne
Plaza Hotels & Resorts
o
Even
Hotels
o
Holiday
Inn
o
Silverleaf
o
Orange
Lake
·
Mariott
o
Courtyard
o
Delta
Hotels
o
Design
Hotels
o
Fairfield
o
Gaylord
Hotels
o
Interval
International [#2 ranking Hotel Booking Company in the World]
o
Renaissance
Hotels
o
Residence
Inn
o
Ritz-Carlton
o
Sheraton
o
Towneplace
Suites
o
Welk
Resort Group
o
Westin
·
Starpoint
o
GEO
Holiday
o
Sapphire
o
BQ
Resorts
·
Vidanta
o
Vida
Vacations
o
Grand
Luxxe
o
Mayan
Palace
o
Sea
Garden
o
The
Grand Bliss
o
The
Grand Mayan
·
ResortCom
o
Villa
Group Resorts & Spas
o
Villia
Group
o
Universal
Vacation Club International: (UVCI)
·
Westgate
·
Wyndham
o
AmericInn
o
Baymont
Hotels
o
Baymont
Inn & Suites
o
Club
Wyndham Resorts
o
Days
Inn
o
Dazzler
Hotels
o
Dolce
Hotels and Resorts
o
Esplendor
Boutique Hotels
o
Hotel
Howard Johnson
o
La
Quinta Inn & Suites
o
Paniolo
Greens
o
Ramada
Hotels
o
RCI
[#1 ranking Hotel Booking Company in the World]
o
Registry
Collection Hotels
o
Super
8
o
Trademark
Collection
o
Travelodge
o
TRYP
Hotels Worldwide
o
Wingate
Hotels
o
Worldmark
o
US
Franchise Systems
To learn
more about the Timeshare Industry, visit https://thetimesharelawfirm.com/
To schedule
a consultation, contact The Timeshare Law Firm at, 321-224-1111
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