How to Cancel a Holiday Inn Timeshare
Did you buy a timeshare that has unfortunately turned out to become a financial burden, and you regret it? Or are you displeased with the Holiday Inn Timeshare policy and want to get out of the contract? Or could it possibly be that you have fallen victim to the unethical and dubious timeshare companies?
Whatever the reason, you are here because you want to know how to cancel a Holiday Inn timeshare. Well, you don’t have to worry anymore. You are not alone; there are solutions to exit a Holiday Inn Timeshare.
The Holiday Inn timeshare has received a lot of backlashes because of its exit policy. We have seen many timeshare clients complain about how various companies lied to them and lured them to purchase a timeshare they are not interested in.
Though both the IHG and Orange Lake Resort timeshare cancellation follow the same procedure, we have seen more complaints about the latter than the former, as it seems to be a more tedious program than IHG timeshare cancelation.
Nonetheless, there are other mediums to get rid of a Holiday Inn timeshare. Read this article to discover how you cancel a Holiday Inn Timeshare but firstly, what does a timeshare mean?
What Does a Timeshare Mean?
A timeshare is a shared space and a system that allows more than one individual has ownership rights for a particular location. You will find most of what it is in the contract as a timeshare is a resolution and arrangement that people take.
Prior to the holiday, each individual who is involved in the timeshare is allocated a spot, and an amount is pre-decided.
A timeshare is handy when planning a vacation spot, property, resort or real estate. Are you wondering where the long list of vacation spots and locations comes from? It is all in the timeshare contract. Timeshare owners can claim any of the lodgings whenever they want. In other words, timeshare owners get the opportunity to stay at a location the company provides and many other locations.
The estate, resort and property follow a particular system and contract of ownership. However, several factors and parameters affect the overall ownership rights. They are affiliated with the company that offers the timeshare.
In most cases, a property, estate or accommodation is allocated and shared between groups or individuals. They each take turns visiting the location. This is because the space was simultaneously distributed among the parties involved in the timeshare. As a result, each party is allotted an inviolable and predetermined duration in the location. Traditionally, the period of stay in a timeshare contract does not exceed a week.
What is Holiday Inn Timeshare
You don’t have to be a timeshare owner to be familiar with Holiday Inn. Holiday Inn is a chain of hotels in the United States, Canada and across Europe. It has its headquarters based in Denham, Buckinghamshire. Holiday Inn is a subsidiary of the International Hotel Groups. The company started as a motel chain, and over the years, it has become one of the world’s biggest hotel chains. Holiday Inn has been in business for over 200 years. However, it made its debut in the timeshare industry in 2008. Now, it boasts of over 220,000 rentable properties.
Let’s take a quick rewind to where it started. It all began in 1952 when Kemmons Wilson established Holiday Inn. After building and developing his company for about 30 years, MR. Wilson retired to establish Orange Lake Resorts in 1982. 30 years later, Holiday Inn and Orange Lake Resort amalgamated to create Holiday Inn Club Vacations. Later in 2015, Orange Lake Resorts bought Silverleaf Resorts, which directly expanded IHG’s network.
Holiday Inn Club Vacations provides suites, villas, resorts and many others for individuals and families in the United States. Membership to the Holiday Inn Club Vacations is through a flexible timeshare contract, which takes us to Holiday Inn Timeshare – the timeshare that generates from the contract.
Members of the Holiday Inn Timeshare can easily choose a property or location in the United States for their vacations, so far as Holiday Inn covers it. Furthermore, Holiday Inn timeshare owners can also choose to stay in these locations during their trip and have full access to all the amenities, given that the contract covers it.
Just as you opt in for the Holiday Inn Timeshare, you can also exit the contract. However, the company doesn’t make it as easy and straightforward. Regardless, there are ways to go about it and cancel your Holiday Inn Timeshare.
Holiday Inn Timeshare Cancellation Policy
The first thing to know about canceling your Holiday Inn Timeshare is that it depends on the rescission laws of where you bought your timeshare. If you buy a Holiday Inn Club Vacation Timeshare, it is in your best interest to check the state rescission laws of where you purchased your timeshare.
The rescission period usually takes between a week to two weeks. However, the duration may vary depending on the state you purchased your timeshare.
Knowing the rescission period makes it easier to streamline the most suitable options for your holiday timeshare cancellation. Suppose you are asked to sign some documents to authenticate your request. In that case, it would be best if you buy overnight mail.
There are cases of verified timeshare customers with reviews on how they wanted to cancel their Holiday Inn timeshare. However, they could not go through with it because they made their request after the rescission period.
To avoid being a victim of this circumstance, you must get familiar with the Holiday Inn Timeshare cancellation policy of where you got your timeshare.
In addition, some of these resorts implement a “non-refundable advance purchase.” Immediately you make a reservation. They charge you for it regardless of whether you use that space. Furthermore, if you were opt-in to their rewards scheme, it doesn’t shield you from this.
How to Cancel Your Holiday Inn Timeshare
Getting out of a Holiday Inn timeshare should be as easy as subscribing to it. Unfortunately, they don’t make it so. However, it is very much possible to exit your Holiday Inn timeshare without having any squabble with the law. However, the process is not always easy. It can be very tedious and time-consuming but achievable. Below are the ways to cancel your Holiday Inn Timeshare.
Utilizing the Rescission Period
It is a norm for Holiday Inn Timeshare to offer a rescission period. This is a period of grace or rescission usually stated within the contract. You can end your Holiday Inn Timeshare contract without any legal implications during the rescission period. All you have to do here is send a request to cancel your timeshare, accompanied by all the necessary documents and exercise patience for your request to be processed and commence.
Renegotiating the Rescission Period
You may be lucky enough for the company to reconsider the rescission period. In such cases, they may accept your request to get rid of Holiday Inn Timeshare after the rescission period, but such cases are very rare. However, if you are lucky enough, you must send an application and the required documents to end the contract.
Negotiating Ending the Contract
Here, you can ask the company to outright end the contract, but you may have to pay some fees upfront. The amount may be robust, but if you are stuck and want to get out of your Holiday Inn Timeshare, it is way better than paying annual fees.
Like every other timeshare, you can sell your Holiday Inn Timeshare. The best way to do this is by hiring a reputable timeshare cancelation company. You could also get rid of your Holiday Inn Timeshare by renting, and it follows the same process as selling it. However, selling it means you transfer the ownership rights, which is a very effective way of getting rid of your timeshare for good.
A timeshare can be a good investment, but at the same time, it is a fast track to financial ruin. If you own a timeshare you are stuck with, you don’t have to hold on to it any longer. You can get rid of your timeshare legally and not have to pay annual fees on expenses you don’t need.