Recent hikes in maintenance fees from Diamond Resorts European Collection have gotten the attention of their mostly Scottish owners. The story in ScotlandOnSunday describes the relationship between the points program mentioned above, and the international Diamond Resorts program which consists of some 133 worldwide resorts. Diamond Resorts International bought out the Grand Vacation Club (a points program in Scotland) in 2007. Diamond says that the maintenance fee increased by 19% while the owners claim they have experienced as much as a 37% increase. Part of the discrepancy could be due to one time assessments. But maintenance fee increases are still hard to take, no matter what the economy is doing.
Previously, the maintenance fees were subsidized by the management company. But since the acquisition in 2007, that subsidy has gone away. I guess that's progress - but from the owners' perspective it looks more like inflation. Sure, they are getting more access to many more resorts, but "many members are very unhappy at being tied into what they see as an open-ended arrangement, which locks them into rising management fees until 2054. They are adamant this risk was never pointed out to them when they bought their points." (source)
It is not uncommon for a timeshare resort to change management companies. For example, Sunterra was taken over by Diamond, Orange Lake Resorts were merged with Holiday Inn, Fairfield was absorbed into Wyndham, and Peppertree previously managed by Equivest - was acquired by Fairfield, and then on to Wyndham. The question for timeshare owners is: when your timeshare management company changes will the previous agreement about maintenance fees be honored?
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Cypress Pointe Resort (Diamond Resorts International) Timeshare - Lake Buena Vista Florida