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Aloha Hawaii-- Buying a Timeshare in Paradise |
Summary: Imagine yourself on an island paradise, thousands of miles away from home. This is a place where you and your family can go every year. That is, if you own a timeshare in beautiful Hawaii.
Imagine yourself on an island paradise, thousands of miles away from home. This is a place where you and your family can go every year. That is, if you own a timeshare in beautiful Hawaii. It has been said that the best Hawaii timeshares may be the best timeshares in America. In an article called "Hawaii Timeshares Make a Great Investment," author Timothy Sexton says, "Hawaii timeshares double the value [of owning a timeshare there] because, not only is it a cheaper [way to visit], let's face it, the average joe simply can't even come close to affording Hawaiian properties outright."
Timeshares in Hawaii have been leading a rebound in construction and a gentle rebound in tourism. In 2006, the Hawaii Tourism Authority released a study that says that many existing hotel units are converting ti timeshares and condominiums over the next few years. Timeshare developments are attractive because, as Andrew Gomes of the Honolulua Advertiser says, "you get large up-front returns generated by sales and the flexibility to use unsold units as hotel rentals." Timeshare operators continue the trend of vacation-ownership. More giant hotel chains than ever before are building timeshares in Hawaii. For example, in a 2003 article in the Honolulua Advertiser, the following new timeshares are described and these are just on the island of O'ahu alone:
A Ritz-Carlton hotel at Ko Olina Resort & Marina About 200 rooms -- Construction is expected to begin in the second or third quarter of next year.
Marriott's Ko Olina Beach Club 90 rooms -- Construction of the second phase of the 750-unit time-share project is to start in November 2004.
Hilton Grand Vacations Waikiki time-share 350 rooms -- Hilton has not determined a construction timetable.
Kalia Tower at Hilton Hawaiian Village 453 rooms -- Guest rooms have been closed since July 2002 because of mold. Most guest rooms are scheduled to reopen Sept. 1, but 72 units on six floors of the 25-story tower are to be converted to time-shares by December.
Outrigger's Waikiki Beach Walk, 890 rooms -- Tentative plans call for groundbreaking in 2006 or later for a 27-story hotel/time-share tower, replacing 436 obsolete hotel rooms in the Lewers Street area.
In a Hawaii timeshare owner's blog it's noted that for awhile now, "timeshare industry professionals have been saying that Hawaii timeshares are growing in popularity... Consequently, More timeshares will be available on the resale market."
Visitors to Hawaii, who can't afford to buy a vacation home, have many options on the timeshare market. You can have your own bit of island paradise. Hawaii timeshares offer luxury accommodations for affordable prices.
Article source http://w4rum.com/2595.t
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| [By Kimber Fulcher] [05/May/07] |
