Monday, November 21, 2005

Info About Marriott Vacation Club International, Timeshare Nation And Aquatology.

TSN was supposed to revolutionize the secondary timeshare market with placement on eBay, backing from MVCI and inventory from developers including Starwood and Hilton.

Instead, TSN ceased operations in April, leaving in excess of $100,000 in unpaid wages and fees.

The TSN Web site ultimately became the home page for Aquatology, a company operating under the same ownership as TSN. The new concept was that of a Miami-based yacht staffed by at least six "hostesses" to attend to the needs of up to four male guests. Once international waters were reached, the yacht would become a floating brothel and casino.

Documents filed with the Florida Secretary of State office show Mike Costigan as president of TSN and Steve Burke as vice president. The board of directors included the senior Costigan, Burke, Derek Eily and Roger Dow, a senior VP with Marriott, Inc. It seems possible that MCVI, and its parent company Marriott, Inc., are themselves victims of several highly placed MCVI employees who shared the trust, but not the values, of the corporation.

Marriott's 1984 entry into timeshare is widely accepted as an industry turning point in terms of product credibility and flexibility.

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