How to Cancel Holiday Inn Vacation Club Timeshare
To cancel a Holiday Inn Club Vacations (HICV) timeshare, you must act quickly if you recently purchased it by submitting a written rescission letter within your state’s “cooling-off” period (usually 3 to 10 days).
If that window has closed, your primary options include applying for the official Horizons by Holiday Inn exit program, attempting a deed-back, or hiring a professional exit service to navigate legal loopholes and contractual releases. Selling is difficult as the resale market value is often near zero, making a structured legal or developer-sanctioned exit the most effective route.
Understanding the Commitment: An Overview of Holiday Inn Club Vacations
A holiday inn club vacations timeshare is a points-based ownership system. When you sign a contract, you are often buying into a specific resort, but your usage is calculated through points. While the sales pitch focuses on luxury and flexibility, the legal reality is a perpetual contract. This means the obligation to pay for the unit lasts your entire life and can even pass to your heirs.
Common Locations and Resort Networks
There are dozens of Holiday Inn timeshare locations spread across the United States. These resorts are often situated in high-traffic tourist destinations to attract new buyers through “mini-vacation” packages. The flagship property is the Holiday Inn Timeshare Orlando (Orange Lake Resort), which covers over 1,000 acres.
Other major hubs include the Holiday Inn Timeshare Las Vegas (Desert Club Resort) located just off the Strip, and the coastal Holiday Inn Timeshare Myrtle Beach (South Beach Resort). Beyond these, you will also find a holiday inn resorts timeshare in destinations like Gatlinburg, Galveston, and Scottsdale.
The Average Cost of Ownership
If you are wondering how much is a Holiday Inn timeshare, the answer varies wildly. A new unit purchased directly from the developer can cost anywhere from $15,000 to over $50,000. However, the purchase price is only the beginning.
Every holiday inn club vacations timeshare comes with annual maintenance fees. These fees typically start around $800 to $1,500 per year but increase annually. When you factor in membership dues and property taxes, a “free” vacation starts to look very expensive over a ten-year period.
Why Owners Seek Cancellation: Common Complaints and Reviews
Many owners begin looking for Holiday Inn Club Vacations timeshare cancellation after realizing the math doesn’t add up. Holiday inn timeshare reviews often highlight a disconnect between the sales presentation and the actual experience. Owners frequently complain about the lack of availability, stating they cannot book desired dates at popular Holiday Inn timeshares despite paying thousands in fees. Others cite high-pressure tactics used during a Holiday Inn timeshare presentation that lasted far longer than promised. Finally, the total lack of resale value remains a top grievance for those trying to exit.
The Recission Period: The Only Easy Way Out
If you just signed your Holiday Inn timeshare contract, you have a very narrow window to cancel with no questions asked. This is called the rescission period. Every state has a law that allows buyers to change their minds. Typically, this window is between 3 and 10 days.
How to Write a Timeshare Rescission Letter
To cancel holiday inn timeshare contract during this window, you must send a formal letter. Do not rely on a phone call or a conversation with your salesperson. Your letter should include your contract number and date of purchase, a clear statement that you are exercising your legal right to rescind, and it must be sent via USPS Certified Mail with a Return Receipt Requested. This receipt is your only proof that you met the legal deadline to get out of holiday inn timeshare without penalty.
Direct Exit Strategies: Working with Holiday Inn
If you missed your rescission deadline, you might wonder, Does Holiday Inn Club Vacations buy back timeshares? While they rarely buy them back for cash, they do offer a formal “exit” program for those who meet specific criteria.
The “Horizons by Holiday Inn” Exit Program
The Holiday Inn Club Vacations timeshare exit program is called “Horizons.” This is a formal department designed to help owners who can no longer use their points due to hardship or age. However, this is not a guaranteed out, and many applications are denied if the resort believes the owner can still pay.
Eligibility Requirements for a Deed-Back
To qualify for a deed-back or a Holiday Inn timeshare cancellation through Horizons, you generally must meet three main conditions. First, your mortgage must be paid in full; the resort will not take back a unit with an outstanding loan. Second, your maintenance fees must be completely current.
Third, you must often prove a significant hardship, such as a terminal medical diagnosis or a bankruptcy filing. Even then, you may be required to pay a “closing fee” to give the property back.
Secondary Market Options: Renting and Selling
Many owners try to find a holiday inn timeshare for sale on sites like eBay or TUG (Timeshare Users Group) to recoup their losses.
Can You Actually Sell a Holiday Inn Timeshare?
Technically, yes, you can list it for sale. Practically, it is nearly impossible. Because the developer sells them for such high prices, owners often think their Holiday Inn timeshare has retained value. In reality, the market is flooded with people trying to give them away for $1 just to stop the ongoing maintenance fees.
The Truth About Timeshare Resale Value
The resale value of a timeshare holiday inn is usually 90-100% lower than the original purchase price. This is because the high maintenance fees make the “ownership” a financial liability rather than a physical asset. Most buyers on the secondary market are savvy enough to know that taking over the fees is a heavy burden.
Renting Out Your Points to Cover Maintenance Fees
If you cannot find a way how to cancel holiday inn club vacation timeshare immediately, you might try renting your points. While this can help cover a portion of your annual dues, it is rarely a long-term solution. Managing rentals is time-consuming, and there is no guarantee someone will rent your specific dates, leaving you stuck with the bill.
Identifying Contract Loopholes
When you are looking for how to cancel a holiday inn club vacations timeshare, you should examine your original sales experience for legal vulnerabilities. Avoid the common mistakes timeshare owners make. Here are three primary areas where contracts are often found to be voidable:
- Misrepresentation of Value: If the salesperson promised the timeshare was a “real estate investment” that would appreciate or claimed maintenance fees were tax-deductible, these are often violations of state consumer protection laws.
- Failure to Disclose the Rescission Period: If the closing agent intentionally hid the rescission paperwork or rushed you through the signing process without explaining your right to cancel, the contract may be legally voidable.
- Availability and Use Fraud: If you were promised “unlimited access” to any resort at any time, but the restrictive points system makes that impossible, you may have grounds to dispute the contract based on fraud in the inducement.
Professional Help: Timeshare Exit Companies
If the developer says “no” and the rescission period is over, you will likely need professional help. Many owners ask, “how do i cancel my holiday inn club vacation timeshare when the resort won’t listen?”
A professional exit company works by auditing your contract for the loopholes mentioned above. They act as a buffer between you and the developer’s collection department, focusing on the legal termination of the contract rather than trying to “resell” a valueless asset.
Financial and Legal Implications of Cancelling
You must be careful when canceling holiday inn timeshare. Simply stopping your payments is dangerous and can lead to three major consequences. First, Holiday Inn can report unpaid fees to credit bureaus, causing your credit score to drop significantly.
Second, the developer can pursue a non-judicial foreclosure if you have an outstanding mortgage. Third, they may sell your debt to a third-party collection agency that will harass you for years. This is why a professional, legal exit is essential to protect your financial future.
Bottom Line: Cancel With Resort Victory
The world of Holiday Inn Club Vacations timeshare is exhausting. The resorts are designed to keep you paying indefinitely, and their “Horizons” program often has a long waiting list or strict denials.
If you are struggling with how to cancel a Holiday Inn timeshare, you don’t have to fight this battle alone. At Resort Victory, we specialize in helping owners escape the burden of perpetual contracts. We understand the specific language used in HICV agreements and know exactly where to find the leverage needed to secure a cancellation.
Trust Resort Victory to handle your exit with the professional care you deserve and finally put an end to those rising maintenance fees.