Holiday Inn Club Vacations (HICV) is a fairly new timeshare company with its flagship property in Orlando, Florida. It has been in business since 2008, selling timeshare units using the goodwill of the Holiday Inn brand, which has been around since 1952. Unfortunately, many people who have bought Holiday Inn Club Vacations timeshare units have found the experience nightmarish. Dishonest sales pitches and poor customer service are among the problems that people who buy these units face.
This leaves timeshare owners frustrated, confused, and asking anyone who will listen, “How do I cancel my Holiday Inn Club Vacation timeshare?”
If you find yourself in this position, don’t despair. Yes, it can be difficult to get yourself out of a vacation ownership contract in Holiday Inn Vacation Club, but it’s not impossible. This article will discuss your options, including going through HICV’s own exit program, trying to sell or rent your interest, and getting a reputable timeshare exit company like Centerstone Group to take care of the issue and ensure that everything is done the right way.
No timeshare developer likes losing owners. When timeshare owners leave, developers lose annual maintenance fees and other revenue streams. Holiday Inn Club Vacations, realizing that many of its timeshare owners are unhappy, decided it would try to control the process of exiting with its deed-back program, known as Horizons by Holiday Inn Club Vacations.
The Horizons Program boils down to this: If your timeshare is paid for, Holiday Inn Club Vacations will take $1,200 and your timeshare from you in exchange for not charging you any more annual maintenance fees or other ownership costs. In other words, if the developer allows it, you give your timeshare back to the resort and walk away.
But the deed-back program has a few issues. First, Holiday Inn Club Vacations has to agree that you qualify before letting you into the program. If they don’t want you in, there’s nothing you can do to make it happen. Some owners may be allowed to give their timeshares back, but many will not. In most cases, HICV won’t do this willingly without some pressure.
Second, any mortgage you have must be fully paid. (Generally, you can’t have a traditional mortgage for a timeshare, so the loan would probably be with the developer itself. If they stand to make more loan interest from you, they won’t want to give that up.)
Third, even if you can get past the first two problems, you still have to pay Holiday Inn Club Vacations an extra $1,200 for the privilege of giving them back the timeshare for which you have paid thousands of dollars. A deed-back is, therefore, an unreliable and expensive option that puts you at the mercy of the very timeshare company from which you are trying to escape.
If you’re a brand-new owner within your contract’s rescission period, there is a possibility that you could try to cancel your timeshare contract with the company. However, a timeshare contract cancellation is quite time-sensitive and restricted to a short window of time by state laws. Depending on Holiday Inn Club Vacations to act timely and do everything correctly is a risk that you probably shouldn’t take.
There are many real estate agents and companies that will try to convince you that you can sell your timeshare to a new owner or even rent it to other vacationers. As a rule though, it is nearly impossible to make money from putting a timeshare on the resale market.
Even a cursory look at Craigslist will turn up listings for timeshares that are free or available for merely paying a transfer fee to the timeshare resort. The odds of making any money at all are slim. In fact, you would likely have trouble even getting a “buyer” to take your timeshare for free, as there are many listings for $0, and no one is lining up to take them.
Trying to rent a timeshare unit to other travelers is also a poor solution. There are often contract terms against renting timeshares, and even then, you are directly competing with your resort for customers, which is likely a losing prospect. For all these reasons, selling or renting a timeshare unit is not a great idea.
The best option for getting rid of a timeshare is to go through a reputable timeshare exit company. Centerstone Group is the premier timeshare exit company, staffed with professionals who collectively have decades of experience in the timeshare industry.
Unlike the timeshare developer or a realty company, Centerstone Group comes with a variety of tools and options for ridding yourself of your timeshare. Perhaps you are a new owner and need your contract canceled efficiently and correctly.
Or, if you have the same customer service problems that other Holiday Inn Club Vacations timeshare owners have experienced, you may need Centerstone Group to use its proprietary pressure campaign to induce the developer to let you out of your contract.
In extreme cases, if you need legal advice or assistance getting out of your timeshare contract, we can refer you to one of our attorney or law firm partners – at discounted fees – and they can add their expertise to our own to get you the best possible result.
If you’re stuck with a Holiday Inn Club Vacation timeshare, you have a lot of options when it comes to getting out. Those options, however, are not created equal. Centerstone Group not only has the expertise; it has had the trust of its clients for years to do the best possible job in getting them out of their contracts.
Centerstone Group is an A+ rated, certified business with the Better Business Bureau (BBB). We have hundreds of reviews and 4.77-out-of-5 stars attesting to the success of our professionals. We are experts in the timeshare cancellation processes of a wide variety of timeshare developers, including Holiday Inn Club Vacations. Give us a call today for a free consultation and case evaluation.
Know About Us
