What´s happening at Global Great Hotels?

Investors claim back millions after Global Great Hotels fail to produce the returns promised in high pressure sales presentations
Written by
Rachel Miller
Published on
2023-10-01

Introduction

A thorough investigation has revealed that  timeshare investment scheme Global Great Hotels has been mis-sold for many years.  Holiday makers were targeted whilst on holiday and taken to presentations at resorts primarily managed by Onagrup such as Ona Cala Pi, Ona Aucanada and Ona Garden Lago all located on the Spanish island of Majorca.  

When they arrived at the resort unsuspecting holidaymakers were subject to high pressure sales, typical of the timeshare industry and were persuaded to hand over large sums of money.  The promise of cheap (or even free) holidays plus an investment that would generate a substantial return for years to come has not performed as expected

All clients who signed up with Global Great Hotels investment package serviced by Onagrup are urged to have their contracts checked as serious issued have been raised and owners are now submitting claims for thousands.   .(Bold writing) Great Global Hotels marketed their únits´as an investment in real estate, and they were not cheap to buy.  The cost of the investment often reached the hundred or exceeded a hundred thousand pounds.  These were marketed to normal holiday makers, not typically high value investors and they were encouraged to finance their investments by remortgaging their homes, cashing in their pensions or even borrowing from family or

friends.

“By making this investment, not only can you share these privileges with your loved ones, you can also use your ownership to make money. We put at your disposal special programmes to help you get more profit out of your investment as time goes by.”

Initially people were receiving payments from the supposed rental of the units they owned to other holiday makers, but these units carried the hefty cost of timeshare maintenance fees that were deducted from the profits they received.  Unfortunately, the amount paid started to drop below what had been promised before stopping entirely.  

Global Greal Hotels became difficult to contact and at the end of 2023 investors were told that the scheme had failed. Paragraph)

We urge that any owner who has fallen foul of the Global Great Hotels debacle to have their contract checked as soon as possible to determine if it would be possible to reclaim their money.  We provide a free no obligation claims check for anyone who feel they may be affected.

There are currently a few options available for Onagrup/Global Great Hotels owners to utilise to try and reclaim their investment and we are able to offer no win no fee funding for qualifying clientele.  There are time restrictions that can apply, so it´s worth acting promptly to ensure you do not miss out.

To find out more and to get your free claims check you can call our customer services team on  0800 060 8729 or place an enquiry on the contract form on our website our lines are open from 9am to 8 pm and we will be able to let you know all of your potential options.

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