investors check into the timeshare property scene - The Age

Chris Stedman was half-way through his 75-minute sales pitch aimed at persuading BusinessDay to buy a timeshare property in Hawaii. Mr Stedman (a "Master Sales Executive — Yellow Diamond", according to his card) made the idea of spending anything from $US23,640 ($A26,430) to $US250,000 on a Marriott timeshare on the island of Oahu the only sensible course of action. The council says there are 125,000 Australian timeshare owners, with the "fastest growing area in the tourism industry" worth $700 million. Overseas, Marriott has added 500 timeshare properties in the past five years, including a dozen in Hawaii. At the other end of the scale, a three-bedroom, three-bathroom ocean view 115 sq m penthouse available for a month at Ko Olina every year cost $US250,000. read more

[Tags]timeshare, marriott, stedman, , australia, australian, timeshare[/Tags]