I'm at Bahia Turquesa right now, halfway through a delightful week. I was upgraded to a "recently renovated" 2BR unit because I expressed interest in the 90-minute presentation. In return for attending, we were granted free access all week to the Playa Club beach and the comfortable beach chairs they have. That's important because Costa Rican beaches have no chairs unless you rent one or bring your own.
The unit's furnishings are as cheap as they come. Knives with handles that fall off; closets with Ikea-style junky drawers that don't fit; a door lock system that cannot be opened from the inside without a key (great if there's a fire--you have to throw a chair through a window to escape); the poorest excuse for a coffeemaker I ever saw; etc. etc. On a very hot Day One we went for a morning swim and detected a vile odor right outside our door. I found a sewage overflow right under our deck. That's right: pee-pee, poop and paper bubbling out of some sort of concrete septic reservoir. On Day Two, the water stopped running for about 3 hours. Today, Day Three, we attended the fractional ownership 90-minute sales pitch and of course did not get snookered.
So why am I saying this is delightful? Well, the mgmt team addressed the septic leak immediately and totally cleaned up the spill, offered to move us, and deodorized our unit. This on a Sunday (election day in Cost Rica, a national holiday). I was impressed. The water shutoff on Day Two was due to the local water authority's periodic habit of shutting it down without warning. Nothing the BT mgmt can do about that. When we travel to Cost Rica, we set our expectations properly so these issues are something we simply know will occur. Probably not at the Hilton Papagayo, but I didn't want to pay those prices.
Now about the Las Palmas frac ownership, prepaid vacation, or whatever the program is. We always attend these things. I find it to be an interesting battle of wits to outsmart the presenters at their own game. I enjoy the challenge of seeing through their obviously impossible claims and making them squirm when I start asking tough questions. In the case of the Las Palmas guys, it was pretty easy.
There really are only two things you need to know when dealing with an offshore timeshare sales pitch:
1. What legal jurisdiction will hear your complaint if you feel you got scammed?
2. What is the right-of-rescission law in the country you're in (in other words, how many days do you have to discover you made a mistake and undo the transaction)?
The Las Palmas offer flunked both tests immediately:
1. They could not, or would not, divulge what legal jurisdiction would hear any challenges.
2. Costa Rica has a law requiring an 8-day opt-out period for real estate transactions. However, the Las Palmas guys claim that they provide "material consideration" to basically buy their way out of that requirement when they offered to buy back my two timeshare weeks at US resorts at wildly-inflated prices (which was really just their transparent attempt to lop off about $30,000 from their ridiculously high price tag). So there is no rescission period to protect the buyer in this case, and we walked.
No matter where you are, if either of these conditions can't be met, you're just throwing your money away if you sign up for the program. I doubt that your credit card company, the FTC, your representative in Congress, or anyone else on US soil will be able to help you if you fall into this trap.