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| - **This review is for the timeshare presentation we did, not the resort itself**
The husband and I were in Vegas to celebrate the big 3-0 at the beginning of February 2011. We were walking around the Excalibur and decided to stop at one of those kiosks that always bombards you with "Do you want a free dinner and show?!" The lady there was really nice. Hubs and I wanted to see a show so we thought, why the hell not? We ended up choosing KA and paid $59/ticket (original prices of tickets were $109, they offered other free shows, but we wanted to see KA). After filling out a quick survey, we gave them the $113 for the tickets, and they said that we will be driven to a 2 hour presentation (with a free lunch!) on their timeshare that is about 10 miles down the strip.
We hopped on the tour bus, and it took us about 10 mins away to the Grandview Resort. We were bustled into a room and they called each couple by their names with a "presenter." We were then lead upstairs to a HUGE room with pictures of their sister resorts plastered everywhere and tables with four chairs. They had a sandwich bar with drinks as well.
As soon as we got our food, and we ate it, the presenter, Fernando, started on his spiel. He started asking how much money we spend on vacations annually, and we told him we go on vacations that are all inclusive with my family, so we don't pay for anything... Somehow he came up with a number (with inflation?) of $10,000 a year. Uh... my husband and I don't even spend $1,000 a year on vacations... I have no idea where he pulled that number from... Anyways, we continue, and he starts talking about how he has taken vacations all around the world with his POINTS and told us that he was able to have his daughter and his family stay at a CASTLE in FRANCE for a WEEK for his daughters wedding for $199!! Hubs and I were curious at that point.
He continues to tell us that we would get 81,000 points a year, and implied that we would ALSO get ONE WEEK in Vegas at our timeshare. NO, not correct, we get one OR the other, not both.
Fernando then continues to tell us about why it's so great to buy a timeshare in Vegas because:
A) Property tax was low
B) Vegas was the #1 vacation spot in the world
C) Maintenance fees were "low.'
He was really secretive about the price of the place... he wouldn't tell us... So he proceeded to show us the place that we would be "getting." It was a 2 bedroom, 2 bath, 2 kitchen suite, fully furnished. It was nice and fancy... Then he took us around the compound and showed us the "amenities" which consisted of a few small pools and a bbq area.
Finally we were able to start "talking" to the "finance" guy there about the price of the timeshares. Fernando continued to be secretive, and said that he is NOT allowed to give any prices and that his finance manager David would be able to give us a deal.
David came, and he is really a nice guy. He told us that we can get a 2bed/2bath suite OR 81k points a year for $49k. WHAT!?! Then he said that the deal for ONLY today, and if we WALK AWAY after this, we would have to pay the full price, the deal was $42k. Really?! Then he said that they would need 10% down, and the maintenance/property taxes would be about $369 a year. Yea, no, we can't afford that! Then David proceeds to tell us that we can get a 1 bed/1bath suite OR 41k points for $26k... $169/year for taxes and maintenance. Yea, no, we can't afford that either! He then tells us that if we do a 1bed/1bath with 41k points every OTHER year with $169 taxs and maint, it would cost us $14k. He also said that if we take the place he's going to "throw" in THREE extra weeks to stay ANYWHERE around the world and we would only have to pay $199. At that point, we were really tired, and we were already there for 3 hours... We left.
When hubs and I got back from Vegas, I googled this place, and found out that they would have given us a $9k deal if we waited out! OMG. They are really pressing people and canNOT take NO for an answer.
Lesson: SAVE YOUR MONEY AND YOUR TIME AND DO NOT GO TO THEIR "PRESENTATION." It's a HUGE scam. Check out Dave Ramsey's view on timeshares and you would NEVER think of considering a timeshare again!
http://www.daveramsey.com/article/the-truth-about-timeshares/
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