Other Timeshare Info
This week saw the opening of the Hilton / Waldorf Astoria resort complex within the Bonnet Creek development. Bonnet Creek is immediately adjacent to Walt Disney World (near Caribbean Beach Resort) and is also home to non-Disney timeshare units operated by Wyndham.
Press release follows. Additional coverage courtesy of the Orlando Sentinel.
The Florida state House and Senate have approved a measure shielding timeshare trades and promotional stays from taxes, while reaffirming the taxability of timeshare accommodations rented for cash. Additionally the bill gives developers the right to sell debt cancellation policies which allow buyers to walk away from the timeshare purchase in the event of a job loss or other economic hardship.