I own a condominium in Lahaina at the Mahana which is a beautiful property and one of the nicer vacation condo rentals in Lahaina. It is in a rental pool with Aston Hotels and Resorts. I would highly recommend looking at the Aston Hotels and Resorts if you are considering purchasing a condo as an investment in Maui and plan on it being a vacation rental for you. Aston definitely knows their business.
The following was included in The May 2009 Condoletter I recently received from Aston:
“While visitor arrivals in April fell only slightly, there was less demand for hotel rooms as more visitors elected to stay at time-share resorts.”
Because timeshare owners own their vacation, they are going to take the vacation they paid for and not lose it! Thus, timeshare occupancy has remained steady especially at resorts like Marriott’s Maui Ocean Club and The Westin Ka anapali Ocean Resort Villas. Both of these very beautiful resorts have great family amenities. The owners at these resorts made their purchase to use it at their home resort and therefore don’t trade their properties.
Timeshares continue to be one of the only bright spots in the real estate and vacation industry.
We have been in the timeshare industry for over 30 years and the timeshare resale industry over 20 years. NOW is a great time to purchase a resale. There are motivated sellers and we are seeing prices lower than ever before. This is a great time to secure your family’s vacation lifestyle no matter what the economic climate is. Timeshare is truly vacation insurance!
And remember, smart people buy timeshares-smarter people buy resales.