November, I was sold a 4 bedroom week 52 (New Year week) timeshare in Planet Hollywood Towers, las Vegas. The price was well in excess of 100k.
A Sales Mgr. And Sales Exec. Sold me this property based on the exceptional investment value. I was repeatedly told the 4000 square foot unit would rent for 15k per nite; that the unit would be rented by April, and I would have a rental check in my possession by April (15k times 7 nites).
The presentation was sealed by both agents telling me about the "Week 52 Club" website, created by the Sales Mgr. This website was created for the exclusive use of week 52 owners. I was told, Westgate staff would handle all aspects of the rental process; from initial contact, transportation, entertainment tickets, butler service, etc.
To make a long story short;
1) no rental check ever arrived in April,
2) both Sales Mgr., and Sales Exec. Have been terminated by Westgate Resorts,
3) the 'Week 52 Club' website has "... Been shut down by Westgate Resorts Legal Dept...",
and lastly, I am now saddled with a crippling monthly payment, at 19% interest, which will, unless this fraud is adjuctated, cause the loss of my home.
I have contacted Westgate Resorts on several occasions, to settle this matter. My calls are either ignored, or I am told Westgate Resorts has never heard of the 'Week 52 Club', and has no rental programs for its clients.
At the date of this writing, the 'Week 52 Club' website is still on the net, but its pages are not accessible.
I have e-mails dated from time of purchase, 11/08 to 04/09, documenting the entire case.
Clearly, the sales presentation was designed to secure a sale, no matter what deception, or fraudulent claim is employed.
I agreed to this purchase with the expectation of future income, and the asurance I was dealing with an organization with integrity.
Westgate Resorts committed fraud, and has created severe financial, and emotional stress for myself, and probably many others.
The e-mails indicate several addresses, presumably other week 52 club members; possibly suggesting a class-action remediation.
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