I got pulled into one of the Sheraton "presentations" while staying with them for a week. I went in without any knowledge of what it was and then got the pitch how they are so different from any timeshare and about paying one amount and being able to stay in Starwood hotels any one week every year. I was convinced just hearing that since this was my first experience with anything like this and being able to get a life-long benefit for one amount seemed very good. They even offered to cover 10% of the amount if I agreed right there, so I chose the lowest plan and initiated the paper work. While they were away putting everything together I started searching online and found this forum, thank god I learnt what exactly is timeshare and flex reading multiple threads on this site.
The paperwork they left me to read when they went to call their director for final approval said I will still be paying ~ 800$ HOA every year even after paying off the ~12,000$ (lowest option). Someone on this forum said with 800$ you can buy more than the 40,000 points/year that they are offering and only then I understood that without mentioning this 800/yr value is how they are getting everyone.
I greatly appreciate owners of this group and all users who actively contribute to save gullible people. I backed out and cancelled when the director came for my final signature and should have seen the look on their faces. There were so many more people signing up without taking time to research.
Thank you again
The paperwork they left me to read when they went to call their director for final approval said I will still be paying ~ 800$ HOA every year even after paying off the ~12,000$ (lowest option). Someone on this forum said with 800$ you can buy more than the 40,000 points/year that they are offering and only then I understood that without mentioning this 800/yr value is how they are getting everyone.
I greatly appreciate owners of this group and all users who actively contribute to save gullible people. I backed out and cancelled when the director came for my final signature and should have seen the look on their faces. There were so many more people signing up without taking time to research.
Thank you again