Hawaiian state regulators gave The Walt Disney Co. permission to raise fees by 33 percent for those who buy timeshares at its new $850 million Aulani resort in Hawaii, the Orlando Sentinel reports.
The permission clears the way for Disney to resume timeshare sales at Aulani as the company works to fix a financial error that cost three Central Florida executives their jobs. Sales were suspended on July 9 after an internal investigation showed executives had underestimated the annual dues needed to charge timeshare buyers to cover the resort's operating expenses.
Disney now must submit updated consumer disclosure materials to regulators and other states. The company will begin with Florida, California, New York and Illinois, its most important sales markets, the Sentinel reports.
source: www.bizjournals.com
At ITRA, our objective is to support the consumer in timeshare disputes. We have entered into dialogue with thousands of timeshare owners from which we have discovered a pattern of abuse, deception and even fraudulent issues that have been systematically perpetrated by many of the major timeshare industry players to the detriment of owners.
to find out more, visit www.itra.net
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