The Daily Observer has published the below article and we cannot make any sense of it.
Why would anyone twin citizenship to aid the sale of timeshare?!
If anyone can provide some clarity we would be very grateful as to us it is bonkers!
“A travel expert, Director of Resort Sales and Marketing at Interval International Keil Kolto is suggesting that Antigua and Barbuda consider twining its Citizenship by investment programme to the sale of timeshare properties.
Neil Kolton Director of Interval International, a vacation services company says CIP is an interesting twist to the investment market.
He wants Antigua and Barbuda and other Caribbean nations with CIP’s to explore links with the timeshare business.
“Its obviously a different market, you know you’re selling to an investor more than a typical leisure traveler but it’s a model that has worked and can work but if their is a nice quality product in a desirable location for a network and the developer happens to be tying those real estate interest sales with CBI we can certainly work with those projects.”
He says linking CIP with the sale of timeshare property gives Antigua’s tourism product greater diversity and will make its CIP more competitive.
Timeshare or shared ownership gives vacationers a second home away from home.
Kolton says St. Kitts and Nevis has already linked one of its CIP to investments to the timeshare market”.
For more information regarding this article or assistance in any other timeshare related issues please contact the TCA on 01908 881058 or email: info@TimeshareConsumerAssociation.org.uk