Post reply

Re: Planet Hollywood towers in Las Vegas (by Pierre P.):

Have you seen all the timeshare resell forums? It has already started happening. I have found people selling their Planet Hollywood TS for as low as $6500. It is kind of funny though that on the same website I see people trying to rent out their unit for $8000 or even more if it is for the famed "week 52" unit. I am a real estate investor on the side and couldn't understand even contemplating spending this kind of money on a TS, for investment purposes. I had to work the numbers out for the planet hollywood salesperson to show him even if he sold it to me for $9500 it wouldn't be worth it as an investment. Now, that was even using his $500.00 a night number. Also, to note for anybody thinking that they will just turn around and resell it for a profit (highly unlikely either way) Westgate has added a clause limiting your resell price to what you paid for it. They also have limited the use of the floating week option, as well as access to their other properties if you resell. Meaning if you were to resell they can hold whoever buys your TS to just the week you arbitrarily picked. That may have been October 2 of every year. I sure hope that is convenient for the rest of your life.