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Re: Celebrity take over AMER.VACATION RESORTS (by R P.):

nanh9 wrote:

I know nothing about these companies, but it does raise a question. If you own a deeded property at a timeshare what happens if the management company falls on hard times? I own one TS in Vegas, and that has just happened. It is not a vacation ownership, just a plain timeshare located on some VERY VERY expensive real estate on the strip. The previous company filed for bankrupcy, and it was sold to a new company. They are still operating it as a time share, but expansion plans (which I dont think were ever going to happen anyway) are on hold indefinately. It is still managed by Trading Places, as it always was and we are assured that nothing will be changing. That appears to be true, but what rights do deeded owners have in a situatuion like this? It is located next door to the Wynn and East of the Stardust which has been demolished. A new mega resort is going up there. I can only imagine how much the land is worth where my timeshare is!

You say it's not a vacation ownership but just a plain timeshare. I'm not sure I understand exactly what you own, but if the timeshare/resort is still there and the management says nothing will change, then I see no problem in the immediate future.

If the timeshare/resort should go belly up in the future, then that will be an entirely different ballgame. Until then I would keep my fingers crossed that nothing will change.

BTW, what is the name of the timeshare resort?