How to Cancel IGH (Holiday Inn) Timeshare

If you’ve reached a point where you think your IGH Holiday Inn Club Vacations are no longer worth it may be due to rising fees, changing travel habits, or unused points. Whether you’re looking to cancel your timeshare or exploring other possible options, this article will provide you with methods for cancelling so you can cancel your timeshare legally and permanently, some of which are given below:

• Cancel your contract during the legal cooling-off period (if still valid)
• Work with Holiday Inn Club Vacations directly for the legacy programs
• Hire a reputable exit company to talk to the resort on your behalf
• Rent or sell out your Holiday Inn Club Vacations timeshare in the resale market
• Give away or gift your Holiday Inn Club Vacations timeshare to transfer your ownership

Each cancellation option has its process, pros, and pitfalls, and what works best for one may not be right for you. So, understand each route in detail and choose accordingly.

Various Methods to Cancel a Holiday Inn Club Vacations Timeshare

Below are the multiple methods of Holiday Inn Club Vacations timeshare cancellation.

1. Cancellation during the Rescission Period

Your timeshare cancellation becomes easier and less time-consuming if you’re in your rescission period. This opportunity is provided to every timeshare owner to exit from a contract legally and cost-free. This initial period is also known as a “cooling-off” period (usually 3-10 days), during which you can lawfully terminate the agreement.

You must check out your contract terms, conditions, and other details before applying for cancellation during this period. 

IHG Holiday Inn Cancellation Policy

IHG’s Holiday Inn Club Vacations operates multiple resorts across the U.S states, including Florida, Nevada, South Carolina, Texas, and others. The rescission period for timeshare contracts varies by state; Florida provides 10 days to cancel after signing, Nevada provides five calendar days, South Carolina also provides five calendar days, and Texas offers 6 days. Each resort follows the rules of the state in which it’s located. Therefore, you should review your contract to confirm your rescission timeframe and act promptly if you wish to cancel.

You must write a formal rescission letter to your Holiday Inn Vacations Club. This letter must include your valid reasons for cancellation and other necessary information.  Mail a letter to the correct address via certified or trackable courier. 

• Do not make calls to cancel a contract. 
• Do not contact any salesperson
• Do not send a cancellation letter using an uncertified mail service

2. Work Directly with IGH Holiday Inn Club Vacations

Working directly with Holiday Inn can be a straightforward method for cancelling a timeshare. Check if your Holiday Inn Club vacations exit program options, such as deed-back exit, are available. Some resorts offer this opportunity to their timeshare owners, but usually don’t cancel the contract easily. They offer you alternative options to modify or upgrade your current contract. 

3. Hire a Reputable Exit Company

Hiring a reputable exit company can be a straightforward way to terminate a contract. This option is best for you if you find it challenging to negotiate with your resort independently. These exit companies have the expertise to handle complex situations and ensure smooth cancellations. But this method can be costly as you have to pay high fees to exit the company. These fees depend on the company you choose and the complexity of your contract.

Why is hiring an Exit Company the Best Option?

Hiring an exit company is the best option because they have:

• Experience: Hiring an exit company is the best way out because they have experience working with different resorts. They better understand your contract terms and help you avoid costly mistakes.
• Negotiating Skills: These exit companies possess strong negotiation skills that enable them to reach a mutually beneficial agreement that benefits both you and the resort. They’ve worked with many resorts and know how to deal with them.
• Counter Tactics: Lastly, these exit companies easily counter the resort’s manipulative tactics.  

Look for a Few Things before Hiring an Exit Company

Consider these few things before hiring an exit company.

No Upfront Fees and Escrow Service: A company that offers escrow protection and doesn’t charge an upfront fee is the best to work with. Reputable exit companies use this service to secure payments but only get paid when they cancel their contracts. 

Verify Accreditation: Check if the exit company is accredited with the Better Business Bureau (BBB) or affiliated with industry associations. This accreditation indicates it is committed to the industry’s standards and best practices.

Past Success Record: Look for their past success stories. Check reviews and customer feedback to get the best exit company service. 

Before working with an exit team, familiarize yourself with your resort’s policy and plan accordingly. The tricky part is choosing the best company. That’s why we recommend you seek guidance from Timeshare Cancellation. We help you successfully connect with trustworthy exit companies to cancel your Holiday Inn Club Vacations timeshare.

4. Rent Out Your Holiday Inn Club Vacations Timeshare

You can rent out your Holiday Inn timeshare if you want to cover some of the expenses. However, this option comes with many risks. 

The Risks of Renting a Timeshare

Below are some of the risks associated with renting a timeshare:

• When you rent out your Wyndham timeshare, you still have to pay maintenance fees, taxes and other costs.
• Renting out your property carries the risk of misuse or damage. If the renter damages the property, including furniture, appliances, and other assets, you’ll be liable for the repairs or replacements.
• Additionally, there’s a low demand for timeshare rentals. Many people prefer to book accommodation as this is the most cost-effective way. 

5. Selling Your  Holiday Inn Club Vacations Timeshare 

You may think selling your timeshare ownership is a quick way to cancel a contract, but it can take years to find a single buyer. There are many owners selling their timeshares, and the demand is very low. 

Many people prefer not to invest in timeshares, opting instead to book regular hotels for their vacations.

A significant drawback of selling a timeshare is its low resale value. Unlike real estate properties, timeshares often lose value over time. Many owners list their timeshares even at $1, or hardly find a single buyer. So, even if you list your timeshare for free, you may pay a listing fee but get no serious buyers.

Why Selling a Timeshare is a Bad Idea?

Selling your Hotel Inn Club Vacations Timeshare is a risky option due to numerous drawbacks. 

Low Resale Value: Selling a timeshare usually returns less value than the original investment.  

Time-Taking: Selling a timeshare is a long process. You may have to wait for years to get a sale, and you might get frustrated with paying the listing and maintenance fees.

Scam Companies: Many scam companies compete in the resale market. They often claim to find buyers with high resale value and can charge you high upfront fees to list your timeshare. Once you pay them, they disappear.  

6. Give Away Your Holiday Inn Club Vacations Timeshare

Giving away your timeshare may sound appealing, especially if you know someone, whether a family member, a friend, or a stranger, willing to take it. 

But honestly and legally, it’s not as simple. Some states, like Florida, stipulate that the original timeshare owner may still be liable if the new owner fails to meet their obligations. 

More recently, Florida Statute Chapter 721 outlines that contract obligations can survive even bankruptcy. 

“That the obligations of the transferee under such instrument will continue to exist despite any cancellation or rejection of the contracts between the developer and purchaser arising out of bankruptcy proceedings.”

Additionally, resorts may not permit transfers without a fee or require a legal review. This strategy may work for close families who genuinely want the timeshare and understand its associated costs. Still, it is advisable to consider a professional title transfer service to protect against future obligations.

Legal Action

Like many timeshare owners, if you don’t realize you have legal grounds to cancel your contract, it’s time to know. 

If you have realized you were misled or misrepresented during a sales presentation, you may have a valid claim. 

If your timeshare company refuses to release you and continues to bill you unfairly, legal action might be your only path forward. Every state has its own consumer laws, and a licensed attorney can help you protect your rights.

Timeline and Cost Expectation for Each Option

Here’s a brief overview of each option’s timeline and associated costs.

How to Protect Yourself From Scams

Many timeshare owners fall victim to scams when attempting to cancel their timeshare contracts. To protect yourself from unwanted exit scams, always look for exit companies that provide you with an escrow no upfront payment option. Many fraudulent companies trick owners by demanding high upfront fees before providing services. Instead of falling for these scams, partner with a company that uses secure practices. 

If you are still unsure how to find reliable exit companies, seek help from Timeshare Cancellation. Our network of experts can help you lower your exit costs. We can also recommend vetted exit companies that specialize in negotiating directly with resorts on your behalf and offer you an escrow service. 

Lawsuits Against Holiday Inn

Angelique Lingard and Sudarien Smith, members of the Active-duty Air Force, sued Holiday Inn Club Vacations, alleging violations of the Military Lending Act (MLA). They claimed the company failed to disclose key information and mandatory arbitration clauses on their timeshare financing agreements.

Moreover, Tanethia Holden and Mark Mayer sued Holiday Inn, alleging that it inaccurately reported debts to Experian after they ceased payments on their timeshare contract. Both plaintiffs claimed their contracts were terminated, but the company disagreed and reported the debts.

What do People say about Holiday Inn Club Vacations Timeshare? 

Many travellers have shared their experience of being forced by Holiday Inn Club Vacations’ sales pitches. Initially, they were told that the timeshare would be a significant investment, a legacy for their children, and a tax write-off. The sales reps promised affordable vacations for life, with the option to rent out unused time to cover maintenance fees, which they claimed would never increase.

However, after signing the contract, owners often felt that they had been deceived. The reality was quite different, with rising annual costs, long-term loan payments, and difficulty booking vacations. Many describe the sales presentation as high-pressure, manipulative, and overly aggressive rather than the promised short, relaxed discussion.

Conclusion

Cancelling an IHG Holiday Inn Club Vacations timeshare contract is a challenging task. It requires a detailed understanding of which exit options are best for your situation and what processes are involved. Whether you want to sell, rent, work directly with your resort, or hire a reputable exit company, consider each option’s challenges and risks before cancelling the timeshare contract. 

Still, if you don’t find your way out, get expert guidance from Timeshare Cancellation today! 

FAQs

Q1: Can I get out of my Holiday Inn timeshare?

Yes, you can get out of the Holiday Inn timeshare. However, the process can be complex and may involve various options such as a rescission period, negotiation with your resort, selling, and hiring an exit company.

Q2: How do I cancel my Holiday Inn Club Vacation timeshare?

To cancel your timeshare contract, start by reviewing it to understand the rescission period and any specific requirements for cancellation. If you’re beyond this period, consider working with your resort or hiring an exit company. Additionally, you can sell or transfer your timeshare.

Q3: Can I give back my Holiday Inn timeshare to the resort? 

In some cases, you can give back your timeshare to your resort. If your resort provides a deed-back exit or surrender option, you can easily give it back to them. 

Q4: How much does it cost to cancel a Holiday Inn timeshare? 

The cost of canceling a Holiday Inn timeshare varies depending on various factors, such as the type of timeshare, the company involved, the method, third-party service, and the complexity of your case.