Azure is under the wing of Limora Group as it’s with the case with late Bob Trotta companies. The line of products they dealt with was similar to those the sister company called Silverpoint dealt with. They had extended their operations in Golden Sands Resort in Malta. The business was to hit rock bottom as it was revealed that h they laid off over 70 staff members in their marketing department. Along the challenging journey, they’ve come up with new products dubbed Azure X and Azure XP.
So what are these products?
Let’s dig deep and reveal what these terms mean. Azure X is a membership product that utilizes a digital leisure form of currency called XP. The XP currency is said to be viable and accepted across all leisure products provided by Azure. The strength of the leisure currency rewards loyal clients with the ability to enjoy their new products without having to buy them.
Has the liquidation affected the ownership of Azure X?
It’s fair to reveal that as an active member you still hold the advantage of retaining the ownership you had before the liquidation process began. It implies that your rights are still upheld and respected. Although there was a transfer of the club manager role to an undisclosed third party. The membership dictates that you can enjoy accommodation at any time you can enjoy accommodation across all classes. Theoretically, it gives you access to various amenities lodges, boats, cars, hotels and cruising. The membership tenure runs to a maximum of 30 years.
Members are allowed to sue their Azure XP points during any time of the year since the claims are flexible. The provider assures members with Azure X that they are in full control of the scheduling but there rises a huge question mark on the availability issue.
They say that members of other products who are happy with what they already own don’t need to purchase an Azure X subscription. This product cannot be updated for free by other members of. Product. However, you will receive an exchange for partial products that have already been purchased. Over the years we have seen many similar products like Leisure Credits, Monster Credits and of course the First Ranking System that made big promises but didn’t keep them.
As with all of these “club memberships,” preparation will always be a problem and there will always be more members as inventory. For example, a resort using the concept of a traditional fixed weekly apartment plan can only sell 51 weeks per apartment after the sale, which means there are no new members. By switching to these “virtual currency systems” they can increase their membership base.
In addition to the Azure X and XP subscription, Azure offers timer weeks, yacht ownership a product of Silverpoint which is now situated in Tenerife, and other UK hotels. The latter two are considered Excel Lodges real estate programs, which are very similar to the stock plans of the companies sold by Silverpoint.