Resort Condominiums International
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Resort Condominiums International (RCI) is a subsidiary of Group RCI which is a division of the firm Wyndham Worldwide (previously Cendant).
Founded in 1974 by Jon and Christel DeHaan, they grown to become one of the larger brokers of timeshare trades. RCI has over 4,000 affiliated resorts in over 100 countries around the world [1]. Its membership base is just over 3 million members worldwide.
[edit] Corporate structure
RCI's CEO and president is Geoffrey A. Ballotti. RCI's corporate headquarters are located in Parsippany, New Jersey. Its North American membership office is located in Indianapolis, Indiana and European membership office is located in Kettering, England, with several satellite servicing offices around world (ie. Saint John, Mexico City, Cork City).
Currently, RCI's biggest competitors in the timeshare market are Interval International [2] and Trading Places International. [3]
In July 2007, RCI grouped its subsidiaries in order to create brand awareness and to spread the company name. These subsidiaries will be held under the parent name Group RCI.
[edit] Litigation
A class action lawsuit is currently pending against RCI, being led by Green Welling LLP. The Plaintiff alleges that RCI actually rents out the most desirable and highly demanded vacation weeks from the spacebank, thus depleting the most desirable options available to Weeks Program members who seek exchanges. [4]
