The conflict between Four Seasons Hotels and the owners (Broadreach Capitol and its partner Maritz, Wolff and co) of Aviara hotels, located in Carlsbad, CA has drawn to a close early last week.  It has been decided that the disagreement, which originated over accusations of mismanagement of the hotel, was finalized.  The arbitration panels findings were that Four Seasons did not breach the management agreement.  The panel determined that both parties contributed to the demise of their business relationship and the management agreement should be terminated, according to a joint statement by Four Seasons and the owners.  It was announced that Hyatt had been selected to manage Aviara as part of it’s luxury Park Hyatt portfolio.  Hyatt has properties in some of the finest cities in the world including Washington D.C., Toronto, Moscow, Milan, Paris, Tokyo and 17 other premier destinations.  Some timeshare owners are relieved that a resolution has finally emerged, others are still uncertain as to how it will effect their ownership.

Syed Sarmad of Advantage Vacation, LLC who is a licensed Real Estate Broker specializing in timeshare resales of name brand resorts was asked to comment on this development. He feels this change will be beneficial to the Four Seasons timeshare Owners.  Hyatt has been in the timeshare industry for nearly two decades and has a an excellent track record of management.  Hyatt Vacation ownership resorts include properties in Carmel, CA, Aspen, CO, Keywest, FL, Beavercreek,  CO to mention a few.  The Hyatt Collection of vacation ownership resorts can only enhance the Four Seasons current ownership.

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