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Re: Belaire Vacation Club/Puerto Vallarta (by Malcolm M.):

On September 21st I went to the site and met with Mario Zargatori, not sure of the spelling of the last name as he didn’t carry business cards. He represented himself as the Hotel attorney and part owner. He stated that my 1 bedroom time share was now worth 6 times what I paid 5 years ago however I would have to convert my time share to Hotel U for an additional fee of 80% of my original cost. Hotel U members would have priority. I declined and he said that he would have to report my denial as choosing to terminate my membership. The restaurant has been closed to the public; there were 2 attendants at the hair salon but no customers. They have removed most of the blue window glass from the 2nd floor. Mario stated that they are going to change the shape of the exterior to a square design and enclose the 2nd floor with solid walls for the casino. There was no construction activity. He stated that the workers and furnishings were coming from Monterey in two weeks. Note their July newsletter said they were coming in one week. I also met with one of the attorneys from the law firm that is processing the class action lawsuit. He has an office in Puerto Vallarta and speaks English. The attorney also mentioned that it is not a Mexican law to pay a 10% upfront fee to sell your timeshare. You may contact me at malmack@pacbell.net and I will provide his contact information.