Dumping Timeshares – WSJ.com
A good article about timeshares – and why you should avoid them:
The term “timeshare” long brought to mind rip-offs, high-pressure sales tactics and a lifetime shackled to rising maintenance fees.
When Marriott International got into the business in the early 1980s, timeshare became less of a bad word. Marriott, with Walt Disney, Hyatt, Wyndham and others, established credibility and glitzier resorts.
Now Marriott wants out.
Last week, the hotel chain announced it would spin off its timeshare business. It’s giving shareholders stock in a unit with $1.5 billion in unsold inventory and 400,000 owners to service.
The spinoff company will license Marriott’s name and drift into an unknown future.