Hilton Grand Vacations is planning a new Resort on the island of Hawaii and is expected to be completed in 2021, according to Hilton News Release.
Maui Bay Villas will be set on 27 acres and consist of 388 timeshare units which includes, one, two and three bedroom suites. Amenities will include a clubhouse and restaurant, fitness centre, food market and large pool with beachfront views.
Sales are expected to begin at the beginning of 2020. President and CEO of Hilton Grand Vacations said: “Our customers consistently rank Maui as one of their requests for expanding our portfolio of resorts, and we’re thrilled to add this spectacular destination for our owners and guests. Expanding our brand presence to a third Hawaiian Island will further support net owner growth by attracting new customers and enhancing the experience we offer our current owners.”
The project is being developed in two phases, the second phase of four buildings with an additional 149 units is expected to begin construction in September 2022,and is due to open in August 2024. The third phase of four buildings with 108 units is expected to start construction in November 2025, and is due to open by July 2027.
Hilton Grand Vacations is based in Orlando, Florida, with regional offices in Las Vegas, Hawaii and New York. It was formerly owned subsidiary of Hilton Inc, until it was spun off into a publicly traded company. Operating as a Timeshare company, Hilton Grand Vacations manages, markets and operates a system of brand named vacation ownership resorts. Resort Vilas are jointly owned by members who have exclusive use of the properties for limited periods of time. Club members can also exchange their intervals for vacations at affiliated resorts worldwide.
People who enter into Timeshare agreements often find it difficult to keep up with the mounting maintenance fees and simply cannot afford it any longer. They may also find that the Timeshare no longer suits their needs and simply want to end the contract. There are too many individuals who are willing to take advantage of Timeshare owners and offer fake products, along with Timeshare exit schemes. Before agreeing to any Timeshare termination or exit procedure with an individual or company, seek independent advice and fully research any company you are thinking of working with.
It is also important to remember that purchasing a Timeshare should NEVER be viewed as a financial investment. Timeshare is an investment in lifestyle, in future holidays and family time together. There is almost no resale value to a Timeshare.
The mis-selling of holiday products is, unfortunately, common practice within the holiday industry and these type of crimes often go unreported by the most vulnerable in our society and criminal convictions are few and far between.
If you have purchased a Lifestyle / Concierge Service, a Timeshare or a ‘Holiday Points’ based product from a resort or company and feel unhappy with the service, or feel you have been mis-sold this product, please get in touch with us to discuss how we may be able to help you with a possible timeshare termination.