Updated July 19, 2011
|Robert Paisola, CEO of Western Capita|
This is the copy of an EMAIL that was sent to one of our VIP clients.
Westgate Resorts Class Action Lawsuit Now In Play
Nevada court might finally deliver timeshare ripoff victims the justice they deserve.Reported by Utah Stories:
It has been amazing that such a blatantly dishonest company as Westgate Resorts has been able to continue lying to customers and selling timeshare rip-off scams for as long as they have.
It actually appears that Westgate might finally get what they deserve. A class action lawsuit has been filed against Westgate Resorts that apparently has a very good shot of winning in a Nevada court.
Utah Stories has been inundated over the past three years since they wrote their initial story on Westgate: Hollywood Dreams and Timeshare Nightmares about how their salespeople were blatantly lying about the cost, fees and potential value of their timeshares for sale in Las Vegas and Miami.
To get to know Westgate you must know Westgate’s owner.
Mr. David Siegal attends events with celebrities and business moguls such as Dolly Parton, Vanna White, David Hasselhoff and even Bill Gates. All of which have had their photos taken with Mr. Siegal.
Appearing as chum buddies, Mr Siegal attempts to builds his credibility like a parasite does with his host. The Westgate offices are plastered with photos of people who we know and might trust with Mr. Siegal.
Business owners and celebrities don’t realize it might take years to wipe the slime off their hands after they touch or even pose with this guy. Mr. Siegal has the most dishonest sales force I’ve ever encountered.
These people make used car sales people look like angels. They lie, cheat and steal from customers through “gotcha” contracts or contracts they don’t honor because they assume the victim will not go through the trouble of filing an out of state lawsuit. We have found this not only personally but through the hundreds of customer testimonials we have acquired. The flood of testimonials has made me believe this would be a perfect case for a class-action lawsuit.
Robert Paisola has on his blog The TimeShare Chronicles has documents related to the lawsuit filed under Nevada court. Anyone and everyone who has posted their stories on UtahStories.com should visit his site to see how to proceed in bringing justice to Westgate and Mr. Siegal.
To learn about more of Westgate’s deceptive practices. Read about our stay in Westgate’s Miami “Five Star Luxury Resort”. Or any of our other five stories posted on this company.
Ok.. If you think this is a good idea... YOU DESERVE WHAT YOU GET... BULLSHIT!
(This was an email that was sent to a CONFIDENTIAL VIP CLIENT) Do you guys REALLY think that this will RATTLE THE DAVID SIEGEL EMPIRE... This is what happens when attorneys think too much. WE DO NOT DO THIS!
David Siegel, president and chief executive officer of Westgate Resorts, has listed a portfolio of properties with Carlton Advisory Services Inc., an international real-estate investment-banking firm. A total of 60 assets are up for sale, from hotels to mobile homes to airplanes.
"We're selling our non-time-share assets to raise cash for our time-share operations," Siegel said Wednesday. "We're selling anything that we don't currently need for our time-share [business]."
The real estate includes a dude ranch and the once-famous Grenelefe Resort, both in Polk County, as well as land that already has government approvals for time-share construction. Carlton Advisory Services said all reasonable bids will be considered.
"We definitely have a lot of interest," said Scott Stay, an asset manager for Carlton. "These are selling closer to distressed pricing, but they're not distressed assets."
Westgate Resorts, like many time-share developers, has struggled financially since the credit markets froze in late 2008. It has cut more than one-third of its staff since then.
Siegel also slowed construction last year of his planned 90,000-square-foot mansion near Windermere, dubbed Versailles, saying he needed to dedicate more cash to the business.
About three-fourths of the property now up for sale is in Florida, though Siegel is also offering holdings in other states, including Nevada, Missouri and Tennessee, where he has time-share resorts.
The assets listed by Carlton's online-auction service include two private aircraft, a 500-room Ramada hotel in Kissimmee and the rights to develop lodging on land near the entrance to Disneyland in Anaheim, Calif.
The entire portfoliois available for viewing by registered computer users at CarltonExchange.com.
Siegel bought Grenelefe Resort for $12.8 million at a bankruptcy auction in 2002. Residents there have complained for years that Siegel has neglected the golf-and-tennis resort, which once drew celebrities but has now fallen into disrepair.
Also on the listing: River Ranch, a dude ranch on 1,700 acres along the Kissimmee River. Siegel purchased that bankrupt property at auction in 2002, too, for $5.1 million.
Previous list prices for the properties range from $2,000 for some vacant land in Polk County to $50.3 million for the Grenelefe Resort.