Celebrity take over AMER.VACATION RESORTS

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Original Message:

Celebrity take over AMER.VACATION RESORTS (by KC):

lorih185 wrote:
Does anyone know anything about Celebrity taking over managment of American Vacation Resorts? Celebrity Resorts called and told us about a member update meeting..they gave us 3 DAYS NOTICE. We live in Northern Va, and the only meeting they had available was in Maryland for a few days. It's a meeting about our options- so far, we recieved a letter stating that they are having financial difficulty. If anyone has any info, it would be helpful before we go into this meeting. Our meeting is on the 21st of January. Please let me know.....

I don't claim to know anything at all about this particular transaction, but I can say with some certainty that Celebrity is held in VERY low regard by many familiar with Celebrity in general and by other experienced and knowledgeable people in the timeshare industry who report observations and opinions on the Internet (I have no personal knowledge, experience, or opinion at all myself regarding Celebrity). My point is that you may want to do some subject matter searches on various timeshare sites like TUG, TS4MS (as well as RedWeek) and digest some of this material for yourself. It seems that "financial difficulty" and "Celebrity" are very often closely associated and intertwined concepts.....

Whatever your options might ultimately be, you'd be well advised to think long and hard about putting up ANY additional money for any form of contrived "conversion" program into Celebrity. Being able to just "get out / sell out" of the vacation club membership is not likely to be one of your options, but if it turns out to be an available choice it might well be worth considering. In all likelihood, the "member offer" at your meeting is going to be an "opportunity" to purchase into deeded Celebrity ownership, since the RTU / membership product of the defunct vacation club may be about to become ancient history. I wish you luck; it's difficult to find yourself involuntarily caught in the middle of a sellout / takeover situation.