Bankrupt / Closed Timeshare resorts

[TUGBrian]

Lots of speculation of delinquent fees and such causing resorts to declare bankrupcy and close down, but its rarely ever in the news when this actually happens unless its a major resort.

As we have been doing some emails to members about resorts that have not been updated in many years, its come to no surprise that a number of replies have been from owners informing us that the resort has closed or shut down due to a myriad of issues.

I wanted to start listing these resorts somewhere as owners provide the information on the closings...so here we go:

[UPDATED LISTING AS Of 4-22-24]

NOTE: Information as Reported by Various Sources

Sorted: by Location [State within the United States or if INTL by Country]

River Grove Chalets Felton CA
Palm Springs villas Palm springs CA
Warner Springs Ranch, Warner Springs CA
Club Vacances Magog Quebec, Canada
Sutherland Crossing, Crystal Beach, FL
Neptune Hollywood Beach Club, Hollywood, FL
Spanish River Resort, Delray Beach, FL
Ocean Palms - New Smyrna Beach, FL
Delray South Shore Club - Delray Beach FL
Jolly Harbour Marina and Golf Resort, Antigua
Prospect Reef Resort, Tortola, British Virgin Islands
Lodge at Horseshoe Resort, Onatrio, Canada
Indies Suites Cayman Islands
Divi Tiara Beach Resort, Cayaman Islands (hurricane)
Royal Caraibes, Guadeloupe
Xpu-Ha Palace, Quintana Roo, Mexico
Encanto Timeshares, Playa Del Carmen, Mexico
Vacation Club at Bahamia at Royal Oasis Crown Plaza, Bahamas
North Harbor III, Slidell, Louisiana (hurricane destroyed)
Harbor Hill at Provincetown in MA *****
Club at Cape Cod, Cape Cod, MA
Crotched Mountain Resort in NH
Legend Resort, Vernon, NJ
560 Ocean Club, Atlantic City, NJ
Deer Run Village, Samford, NY
Nottingham Village (with Friar Tuck Inn) , Catskill, NY
Deschutes River Ranch, Bend, Oregon
Club La Costa Hustyns - UK
apple valley - ohio
Peppertree Atlantic Beach Phase I. - Atlantic Beach, NC
La Renaissance, Atlantic City, NJ
Waves Ocean City, MD
Balboa Towers and Balboa Club
Grand Regency at Thousand Hills - Branson (Reopened as Great Rock @ Branson Club)
Collanade (Reopened as Oak Ridge @ Branson)
Gurneys Inn (closing 2018)
Fishermen’s Village in Punta Gourda, FL. Closed
Pacific Shores Resort on Vancouver Island, British Columbia
Innsbrook Village in Ruidoso,New Mexico
Marco Resort & Club in Marco Island, FL
Carriage Hills, Ontario (Wyndham)
Carriage Ridge, Ontario (Wyndham)
Los Lagos at Hot Springs Village, Phase 1 (festiva)
Manteo Beach Resort in Kelowna
Lago Vista Resort
Towers at Mullet Bay
Cedar Lodge at Brickyard Mt, Laconia NH
Rayburn Country club
Lodge at Horseshoe Resort


Sorted Alphabetically

560 Ocean Club, Atlantic City, NJ
Apple Valley - Ohio
Balboa Towers and Balboa Club
Carriage Hills, Ontario (Wyndham)
Carriage Ridge, Ontario (Wyndham)
Cedar Lodge at Brickyard Mt, Laconia NH
Club at Cape Cod Cape Cod, MA
Club Vacances Magog, Quebec, Canada
Collanade (Reopened as Oak Ridge @ Branson)
Crotched Mountain Resort in NH
Deer Run Village , Samford, NY
Delray South Shore Club - FL
Deschutes River Ranch, Bend, Oregon
Divi Tiara Beach Resort, Cayaman Islands
Encanto Timeshares, Playa Del Carmen, Mexico
Fishermen’s Village in Punta Gourda, FL. Closed
Grand Regency at Thousand Hills, Branson (Reopened as Great Rock @ Branson Club)
Gurneys Inn (closing 2018)
Harbor Hill at Provincetown in MA *****
Hustyns - club la costa - UK
Innsbrook Village in Ruidoso,New Mexico
Indies Suites, Cayman Islands
Jolly Harbour Marina and Golf Resort, Antigua
La Renaissance, Atlantic City, NJ
Lago Vista Resort - kissimmee
Legend Resort, Vernon, NJ
Lodge at Horseshoe Resort, Ontario, Canada
Los Lagos at Hot Springs Village, Phase 1
Manteo Beach Resort in Kelowna
Marco Resort & Club in Marco Island, FL
Neptune Hollywood Beach Club, Hollywood Beach, FL
North Harbor III, Slidell, Louisiana (hurricane destroyed)
Nottingham Village (with Friar Tuck Inn), Catskill, NY
Ocean Palms - New Smyrna Beach, FL
Pacific Shores Resort on Vancouver Island, British Columbia
Palm Springs Villas, Palm Springs, CA
Peppertree Atlantic Beach Phase I. Atlantic Beach, NC
Prospect Reef Resort, Tortola, British Virgin Islands
Rayburn Country club
River Grove Chalets, Felton, CA
Royal Caraibes, Guadeloupe
Spanish River Resort, Delray Beach, FL
Sutherland Crossing, Crystal Beach, FL
Towers at Mullet Bay - st maarten
Vacation Club at Bahamia at Royal Oasis Crown Plaza, Bahamas
Warner Springs Ranch, Warner Springs, CA
Waves, Ocean City, MD
Xpu-Ha Palace, Quinta Roo, Mexico


ill keep this updated as more come in, please feel free to post up known / recent closures and ill add them to the list.

 

[theo]

Here's another one...

Sutherland Crossing in Crystal Beach, FL --- just a very few years ago.

 

[Bunk]

Nottingham Village (with Friar Tuck Inn) , Catskill, NY DOD: 2011

Legend Resort, Vernon, NJ RIP: 2007

 

[SMHarman]

Could you add a city and state to the list please.

 

[Roger830]

Neptune Hollywood Beach Club, Florida was a timeshare that was purchased from the owners. Owners at the Hollywood Sands that owned there reported that they received $6,500 for each week. Someone, not an owner, told me that they got $5,000 - $6,000. Perhaps a studio got $5,000.

I stayed there in 2007 and an owner told me they were offered over $6,000,000 and refused it. Broward records shows that it went for $7,200,000 Oct 29, 2013.

https://officialrecords.broward.org...pt=-1&dt=ALL DOCUMENT TYPES&st=fullname&vbt=M

 

[Rent_Share]

Neptune Hollywood Beach Club, Florida was a timeshare that was purchased from the owners. Owners at the Hollywood Sands that owned there reported that they received $6,500 for each week. Someone, not an owner, told me that they got $5,000 - $6,000. Perhaps a studio got $5,000.

I stayed there in 2007 and an owner told me they were offered over $6,000,000 and refused it. Broward records shows that it went for $7,200,000 Oct 29, 2013.

https://officialrecords.broward.org...pt=-1&dt=ALL DOCUMENT TYPES&st=fullname&vbt=M

IMHI that would be the euivient if call a running play instead of a pass in the Super Bowel

 

[silentg]

Hollywood Sands is still a timeshare! Why would they buy owners out?

 

[GrayFal]

Thanks.

 

[Roger830]

OK, me let be clearer.

We used to rent at the Neptune 1998-2000 before we bought a week at the Sands. We also rented 2007 and 2008 when the Sands was closed for repairs.

In 07 or 08 someone we met then from RI told us about the $6,000,000. They were mad that it was rejected, then the market dropped.

Also, we met a younger couple also from CT. At first the mother owned 5 weeks, then they inherited them. They rented 4 and stayed 1 week. This year we bumped into them and they told us that they were all bought out by a foreign investor. They said that they broke about even, but because the units were free to them, I assumed it was close to what the mother paid.

I then talked to a guest at the Sands about it and he told be that someone told him he received $6,500. I talked to someone who works at the Sands resort, and she told me that people that owned at the Sands told her that they got $5,000-$6,000.

I couldn't find any evidence of individual deeds being processed, just foreclosures. Perhaps once the association is dissolved, those individual deeds have no purpose.

 

[suzanne]

Brian, thank you for starting this thread. I think it will be very helpful to everyone.

Suzanne

 

[TUGBrian]

added locations

 

[Talent312]

This should prolly be a sticky, lest it get lost among the trivia of the day.
.

 

[rapmarks]

there was a resort in Bonita Springs near the municipal golf course that was timeshares in the 90's and early 2000's, but I don't believe it is one any longer. Golf Villas of Bonita

 

[engelage]

Howey in the Hills, FL

There was a timeshare in Howey in the Hills, Florida outside of Orlando that no longer exists. Apparently, the board of directors accidentally forgot to remember to pay the taxes when due. This was several years ago. Then, someone purchased the tax deed and ended up with ownership of the property and the timeshare owners were pushed out. It would seem the board would have a fiduciary responsibility to the owners to at least pay the taxes or to carry errors and omissions insurance. The owners were powerless to do much about it except on an individual basis. Hard to imagine timeshare ownership can merely evaporate so easily.

 

[moonstone]

The timeshare closest to us was The Lodge at Horseshoe Resort (RCI #0580) which closed a few years ago. It is nearly walking distance (downhill) from Carriage Ridge & Hills, a great location at the foot of the ski hill. The maintenance fees went crazy high & owners walked away in droves. There were many articles about the closing in our local papers, a lot of unhappy owners! We stayed there (before even thinking of moving to the area) in 1986 & it was old & tired then. It was (is) being converted to condos now I believe.

~Diane

 

[b2bailey]

This is nearly impossible to believe...I think there was an underlying motive.

There was a timeshare in Howey in the Hills, Florida outside of Orlando that no longer exists. Apparently, the board of directors accidentally forgot to remember to pay the taxes when due.

First, it takes several years and many notices for this to happen. I am suspect that the person who bought the deed for back taxes had some connection to the resort.

 

[pedro47]

560 Ocean Club, Atlantic City, NJ on the broad walk many, many years ago.

 

[lynne]

Spanish river resort, delray beach,fl

 

[zilentbob]

The timeshare closest to us was The Lodge at Horseshoe Resort (RCI #0580) which closed a few years ago. It is nearly walking distance (downhill) from Carriage Ridge & Hills, a great location at the foot of the ski hill. The maintenance fees went crazy high & owners walked away in droves. There were many articles about the closing in our local papers, a lot of unhappy owners! We stayed there (before even thinking of moving to the area) in 1986 & it was old & tired then. It was (is) being converted to condos now I believe.

~Diane

That's very interesting !
So although the new condos (Ridge & Hills) are very nice and well managed now, I'm thinking many people are sick of the fees and want to get out.
Can the HOA force a sale and get our money back ?

What happens in the case of bankruptcy/closing of the resort?
Do owners ever get some money back ??
That's what I was hoping for Carriage Hills.

 

[TUGBrian]

In most cases I have seen/heard from owners reporting the situation...

the resort and assets are sold, and the proceeds go to first paying all of the outstanding debt (ie the reason the resort was in bankrupcy to begin with). Only after all that has been settled, to owners get a share of whats leftover (if anything).

 

[pedro47]

What did the owners of 560 Ocean Club received from the court?

 

[humor_monger]

Deschutes River Ranch, Bend, Oregon dissolved early 2000's
North Harbor III, Slidell, Louisiana wiped out by Hurricane Katrina

 

[amycurl]

Prospect Reef Resort, Tortola, BVI....taken over by the BVI government from the developer, and the owners got squat. Years of advocacy and litigation, and still....bupkiss.

 

[ebratt]

El Faro Residences

Encanto Timeshares, located at the El Faro Residence, Playa del Carmen MX, has ceased to honor their timeshare contracts

 

[rhonda]

Warner Springs Ranch, Warner Springs CA -- closed January 2012; affiliated with II

Brian: Any chance the list in post #1 could be maintained in either Alphabetical or Geographical order? Thx!