FYI they will take back your timeshare..at least HIVC Orange lake in Orlando did..No more maintenance bills

[gumbow719]

Just an FYI for HIVC owners

 

[rickandcindy23]

Many resorts will take back a timeshare that is paid off. They can always find some sucker to buy it again for full price.

 

[TUGBrian]

this has been a program and a sticky note posted here since 2018 =)

Horizons a Holiday Inn Club Vacations Deedback information - give your HICV timeshare back

Oct 2023 edit: Users have been reporting that HICV is now assessing a $1200 fee per ownership to surrender back starting in late 2023. Jan 2022 edit: Users have been reporting that HICV is now assessing a $500 fee per ownership to surrender back starting in late 2022. This program was...

tugbbs.com

heck we even have an entire webpage created to help TUG members find this:

How to get rid of your unwanted Holiday Inn Club Vacations timeshare points

how to get rid of your unwanted Holiday Inn Club Vacations timeshare points ownership

tug2.net

we post it almost monthly on all our social media pages, and have included it in past newsletters. If a person who has been a member of TUG since 2005 had no idea it existed, that is truly shocking to me and gives me little hope that the vast majority of HICV owners would ever otherwise be made aware of this program.

 

[Mongoose]

It used Horizons for a very small 15,000 point week that was more trouble than it was worth. The process was easy, but very very slow and they lost my paperwork once.

 

[Happytravels]

As of Jan. 1, 2022, there is a $500.00 fee to return a deed.

 

[silentg]

Still, cheaper than Maintenance fee.

 

[Mongoose]

As of Jan. 1, 2022, there is a $500.00 fee to return a deed.

LOL, They charge you $500 to give them something that they can resell for $20K+. I really need to start my own Timeshare!

 

[Nowaker]

LOL, They charge you $500 to give them something that they can resell for $20K+. I really need to start my own Timeshare!

They resell for $20K but it's not pure profit. Look how much they have to spend on marketing to make that sale. Subsidized almost-free hotel/resort stays, salespeople making presentations and getting a "no" most of the time, commission for salespeople, and so on. I wonder what their actual profit is, after all these expenses.

 

[Mongoose]

Marriott’s profit margin is 28% overall so reselling returned units would be even hire. Not sure what others business models have a higher profit margin. https://www.marriottvacationsworldw...reports-third-quarter-2021-financial-results/

 

[Nowaker]

Marriott’s profit margin is 28% overall so reselling returned units would be even hire. Not sure what others business models have a higher profit margin. https://www.marriottvacationsworldw...reports-third-quarter-2021-financial-results/

Profit margin calculations don't typically include marketing expenses - and this is where the sheer volume of expenses for these companies is (I believe).

 

[Mongoose]

Profit margin calculations don't typically include marketing expenses - and this is where the sheer volume of expenses for these companies is (I believe).

There are gross and net profit margins. The 28% is net after all expenses Including marketing. In 2021 they spent $617m in marketing.

 

[Nowaker]

There are gross and net profit margins. The 28% is net after all expenses Including marketing. In 2021 they spent $617m in marketing.

Good numbers then!