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Trustees: A bank, trust company or a group of individuals who hold timeshare accommodation (and sometimes leisure facilities) ‘in trust’ on behalf of the owners and grant owners a ‘right –to-use’ through a licence (‘Ownership Certificate’). Trustees provide security for owners in the event that a developer fails financially.




Cheap Vacations Facts Italy is a major growth country. In the vacation ownership industry about 1,300 sq. 48 of the units are complete and available for occupancy with full kitchens and luxurious interior design, while the other 48 units will require certain utility improvements and interior finishings prior to occupancy. Commonly referred to as vacation ownership, timeshare, interval ownership and vacation clubs, the concept is one of the hottest in the hospitality and real estate industries today. Four seasons in a timeshare venture? Welcome to the new world of vacation ownership. Aprilthe arda awards gala includes a cocktail reception honoring past arda chairmen and the 2003 ardy award finalists. See also Time Shares For Sale, and pages related to Cheap Vacations.
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