Timeshares are a vacation ownership product in which multiple parties have the right to use a property for a set time. The resorts vary in size, from small properties with a few dozen accommodations to even thousands of units. They also often provide owners with amenities like swimming pools, tennis courts, and golf courses. Timeshare ownership can be purchased outright or through a vacation club membership.
France developed the first timeshare resort in the early 1960s. Today, there are more than 5,000 worldwide, with many located near tourist attractions. Most in the United States can be found in Florida, California, and Hawaii. And then there is the Big Apple…
Considering NYC is one of the most famous cities in the world, the timeshare industry sector thrives. Tourists visit the cultural hub, regarded as the city that never sleeps due to its bustling entertainment and nightlife. But it doesn't end there. Famous attractions worth exploring include Central Park, the Empire State Building, and the Statue of Liberty. There is something for everyone. With so many visitors, timeshare companies lure them to their resorts.
There is a long list of concessions and conveniences. Still, the following are most advantageous to timeshare owners:
Even the Empire City has its downsides, sometimes with timeshares:
Folks visit The Big Apple from around the world, meaning the travel industry is expanding. While accommodations are quick to get booked, timeshare resorts make themselves available. The most popular resorts are found in Manhattan. Below are three options:
Neighboring the Empire State Building since 2009, this resort puts you at the center of everything that the “city that never sleeps” is famous for. Immerse in the nearby shopping centers, art districts, museums, and historical monuments.
Besides its location, this timeshare also exemplifies the city's essence. Guestrooms and studio rentals are elegant yet modern, with mahogany furniture and spa-inspired restrooms. It also has a beautiful art-deco-inspired lobby and several amenities like a fitness center, bistro, and rooftop lounge.
West 57th Street by Hilton Grand Vacations is the city's first shared residential ownership property. It provides awe-inspiring views that overlook Central Park two blocks away. Other points of interest within walking distance include Carnegie Hall, MOMA, and the prestigious Plaza District.
This timeshare property is home to over 150 suites, from studios to penthouses. Each is decorated with high-end furnishings and floor-to-ceiling windows that make for an upscale setting with astonishing vistas. They also feature Spa Chakra, a street-level spa providing guests with world-class body treatments, massages, and therapy.
This historical NYC hotel building places travelers just minutes to everything, from museums and performing art shows to fine dining and shopping plazas. This resort's close proximity makes it simple to experience all the action this city offers.
The Manhattan Club’s high-end interior setting emanates a “classic New York” feeling. It also provides first-class service and accommodations with a fitness center, business center, concierge, and valet service. The private lounge is perfect to start the day with breakfast or to settle down for evening cocktails.
Timeshares are not suitable for everyone. For example, a timeshare may not be the best option if you prefer spontaneity in your vacations. Nor do timeshare properties hold much investment value as their annual maintenance costs increase. These limitations to timeshare owners are not always advertised; thus, proceed with caution.
Considering the extent timeshare resorts go through to attract new clientele, you may come across such an opportunity. In that case, a few warning signs can ensure you are not on the hook for thousands of dollars.
Wesley Financial Group, LLC* (WFG) is a timeshare exit company assisting buyers who were misled into purchasing. As a pioneer of the timeshare cancellation industry and with over a decade of experience, this noble company has accounted for more than 30,000 timeshare cancellations.
Contact a WFG representative if you know someone who experienced deceptive sales tactics with a timeshare purchase and needs a way out. Their timeshare termination services may help you obtain financial freedom.