It was confirmed that on 6 June 2019 another Spanish timeshare resort, Club Paradiso/Paramount, closed its doors. The resort is managed by Excel Hotels & Resorts and, at the time of reporting, its website was no longer available. Phone calls reportedly went to voicemail, with only security remaining on site. Various sources have stated that timeshare owners cannot use their weeks.
We have also been informed that some members are being moved to other Silverpoint resorts, but would need to pay for the transfer, as Excel is not honouring payments already made.
For owners, this kind of Club Paradiso/Paramount closure naturally raises concerns about the original investment. No one can say with certainty what will happen next; however, it has been reported that Silverpoint and Excel are currently in dispute.
If you are a member, it is likely you will no longer be able to use Club Paradiso/Paramount. If you wanted to make a claim against the resort and a finance company (if applicable), the advice would be that this may be a clear breach of contract.
Other resorts are facing liquidity problems and more insolvencies are expected.
Imagine if this happened to you?
With this in mind, we urge anyone who is unhappy with their resort, or who feels they were mis-sold, to seek professional advice sooner rather than later.
For new enquiries, Timeshare Advice Centre have recently launched an exclusive offer to give timeshare owners a mini-break hotel stay in either Costa del Sol, Spain or one of their satellite offices across the UK.
Can I claim? Can I walk away? Can I ignore?
For more information call the Timeshare Advice Line on 0203 807 3388 or email pr@timeshareadvicecentre.co.uk
Why choose Timeshare Advice Centre?
Timeshare Advice Centre, along with their legal associated law firms, are one of the leading companies paving the way for claims and payouts against the timeshare industry.
Associate Spanish law firm M1 Legal, who specialise in timeshare contract law, reported the following latest victories since the beginning of July.
- Diamond Resorts £49,729 awarded
- Silverpoint £11,253 awarded
- Club La Costa £30,480 awarded
- Club La Costa £41,590 awarded
- 9 victories against Club La Costa on jurisdiction
For more information call the Timeshare Advice Line on 0203 807 3388 or email pr@timeshareadvicecentre.co.uk
