Report Abuse
Wonderful opportunity?!?!? LetÂ’s analyze the Planet Hollywood Towers by Westgate as a good buy. First, the developer is selling the famed "New Years Week (actually only four days)" from between $43,000 to $100,000 depending on the size. Now, while they are promising you $500 to $700 a night of rental income it is not realistic. You cannot compete with the Bellagio, Wynn or any other major casino in Las Vegas. They are known and have entire staffs devoted to marketing, advertising and the great ability that they are not depending on hotel room rates to make their money. So, what does that mean, they can rent their luxury suites out for $50 a night, which they often do. Plus give casino credits and dinner coupons. Second, the towers aren't even finished. Look back and see how long people have been waiting for the towers to finish. Who would spend that kind of money on a timeshare in Vegas? Third, look at this board, TUGGS, sellmytimeshare or any other aftermarket times share companies and look at how much they are selling the Timeshares for. Most are selling for a fraction of what people bought them for from the developer you can pick your famed studio, up for under $5,000 on some sites. Additionally, do you think you can compete with Westgate when it comes to renting out units. P.S. Moreya, read the small print of your contract and you will see that Westgate limits your ability to sell your timeshare to the price you paid for it. So, as far as it doubling in value, one I doubt it will but even if it did Westgate gets to buy it back from you for what you paid.