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Marriott Estimates $16 to $20 Million Loss from the Impact of Hurricane Irma

Marriott Vacations Worldwide released updates on the anticipated impact of Hurricane Irma on its operations..... "While our St. Thomas resorts are not expected to be at full operations for some time, we have made great progress getting our other impacted resorts and operations open," says CEO Steve Weisz. The company expects that 2017 contract sales and rental and ancillary revenues could be negatively impacted by approximately $16M million to $20M. 2017 adjusted EBITDA is seen being impacted by $6M to $8M.  Evacuations, shutdowns and cancellations of reservations and scheduled tours resulting from Hurricane Irma adversely impacted sales operations at several of its locations, primarily those located on St. Thomas, in Florida and on Hilton Head Island.

Timeshares Damaged by Hurricane Irma

Information is coming in slowly but I try to update this page periodically as new information becomes available.

Florida resorts:
Marriott BeachPlace Towers in Fort Lauderdale, FL - resort is currently closed due to damage from Hurricane Irma. All reservations have been cancelled until Sept 23.Marriott Ocean Pointe in Palm Beach Shores, FL- The resort is currently closed due to damage from Hurricane Irma. Reservations have been cancelled until September 23.Marriott Oceana Palms on Singer Island, FL- The resort is closed due to damage from Hurricane Irma. Reservations have been cancelled up to September 19.Wyndham Ocean Walk in Daytona Beach, FL- The resort is closed until September 21. Minor damage but no major issues reported. The indoor and outdoor pools were impacted. Lobby area and parking garage require cleanup, but at this time the primary issue is local utilities, internet service, phones, etc. The local beaches were also impacted with erosion from the storm surge, debris, etc.Wy…