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Timeshare Resales After Katrina

In the wake of the biggest disaster in recent memory, the timeshare industry confronts challenges, but also affords timeshare resale opportunities, says Jason Tremblay, who writes the Timeshare Owners? Blog. He also offers this practical advice to timeshare buyers in a post entitled Time Share Resales after Katrina, "If you think you can save money by buying damaged property at bargain prices, make sure you know exactly what you are getting into before you sign a contract!"

The Timeshare Owner?s Blog reported last week that Marriott International Inc. was arguably the first hotel company to respond to this tragedy. Marriott had temporarily shut down about 20 hotels in Louisiana and Alabama. Marriott properties in affected areas reported no serious structural damage.

The Hyatt Regency, which sustained large-scale damages from Katrina?s winds, is closed until further notice. Though 500 guest units were damaged, the hotel experienced no flooding. Hyatt predicts that this hotel will reopen on April 1 of next year. Cancellation fees at affected Hyatt hotels have been waived until March 31, 2006.