Timeshare Group in Liquidation Hits the News Again

February 21st, 2020

Silverpoint Vacations are yet again hitting the news with Spanish newspaper, El Diario and Blog, Inside Timeshare highlighting more on the group’s current status. It was during the 80s when business man Robert Trotta built his timeshare holiday kingdom that is now in the pit at the bottom of a slippery liquidation slope. Trotta emptied […]

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Silverpoint Vacations SL Declares Bankruptcy

January 23rd, 2020

As of the 15th January 2020, Silverpoint SL has been declared by the Tenerife’s Commercial Court to be in “Concurso de Acreedores”, this means bankruptcy. Concurso de Acreedores is not as straight forward as simple bankruptcy though, it is a Spanish legal situation that can be provoked voluntarily by the company or involuntarily by a […]

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Silverpoint Timeshare property seized by Courts

October 9th, 2019

It has been reported that the Court of Arona in Tenerife, has placed an embargo on the property of timeshare giant Silverpoint Vacations (formerly Resort Properties).  The group pf properties held by the Silverpoint Vacations are Hollywood Mirage Club, Beverly Hills Heights, Beverly Hills Club, Palm Beach Club and Club Paradiso/Paramount. This is a first […]

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Excel Overseas Lodging Participation Programme (ELPP’s) Update

June 25th, 2019

Further to our recent article regarding the Excel Overseas Lodging Participation Programme (ELPP´s) sold by Silverpoint (formerly Resort Properties), we have received a further update from a concerned client in the form of a letter from the liquidators. As previously discussed, each client invested approximately €40,000 for one ELLP; some clients bought more than one, […]

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What can I do if my timeshare resort changes my ownership?

September 18th, 2017

Silverpoint are justifiably coming under extreme scrutiny lately, once again hitting the headlines with a number of court cases in relation to timeshare fractional points and contracts made in perpetuity. Timeshare owners at Palm Beach Club in Tenerife, were notified back in 2014 that Silverpoint, formally known as Resort Properties, were going to start ‘relieving’ […]

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Silverpoint Up to their old Tricks!

August 23rd, 2017

We have been contacted this week by a Silverpoint client who has been in Tenerife during the last week to ‘get their money back from their investment they made over two years ago’. We will call the lady Mrs X, she originally laid out £12,000 over two years ago as an investment in a holiday […]

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More wins for Timeshare Owners in the Spanish Courts

April 26th, 2017

Since the Supreme Court Rulings in Madrid, the wins against null and void timeshare contracts just keep coming.  In the past week we have seen three wins for timeshare owners against their resorts in Spain.  There have been two cases won against Anfi Sales SL, the largest Timeshare Group in Gran Canaria due to contracts […]

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The Real Dangers of Purchasing Timeshare

April 6th, 2017

We at TCA have been contacted by a lady who wanted to share with us her harrowing tale of a shocking experience she has been through since purchasing her timeshare. This heart- wrenching account of events is terrible and seems to be hopeless. The customer was invited to a promotional stay at Beverley Hills Heights in […]

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Succession of Wins for Timeshare Owners

March 28th, 2017

Several recent articles have denoted the recent wins of Timeshare Owners against their resorts.  Following the two Supreme Court rulings in Spain over the last two years, the resorts are losing to their clients in respect of null and void contracts due to several factors; contracts in perpetuity, floating weeks or points and not having […]

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Another 5 Year Battle Against Silverpoint Won

February 24th, 2017

A British couple have come up trumps after a lengthy battle against Silverpoint.  They originally purchased six apartments back in 2009 for £25,000 from Resort Properties (Silverpoint) and left a deposit of £1000 with the sales representative at their first meeting, the one in which they agreed to make the purchase.  The representative led the […]

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