Greedy Company Takes Advantage of Interval Owners - Diamond Resorts International
The management company that ran the Royal Palm Beach resort in St. Martin for many years went out of business about seven years ago. Unfortunately, Diamond International took over the management without the approval of the owners. Then, they started increasing the maintenance fees that went from $770 per week, to $1750.
Cloobeck, the owner of Diamond International for many years started writing off many of his expenses and salary costs from their home office in Las Vegas on our resort in SXM.
We now pay almost twice the maintenance fee of other similar timeshare resorts in SXM. And, our original investment has vanished because the maintenance fees are higher than renting at a hotel on the island. Basically, greedy people at Diamond International are taking advantage of owners that are not organized and live throughout the USA and other foreign countries.
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