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People Talk >> Caravanserai Now Alegria

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madg1108
Traveler


Joined: 01/05/07
Posts: 280
Loc: Woodland Pk N J
Re: Caravanserai [Re: plequerre]
      #1608574 - 10/08/14 12:34 PM (67.83.5.69)

What I really want to know is ,the hotel room they offer... Is it for the same week that I bought??I own week 9 and go there every year and it's a 2 bedroom end unit on the 2nd floor.If this whole thing is true,it's not a good thing,but if they guarantee the same unit every year... I could probably live with that.

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Philo
Traveler


Joined: 12/14/05
Posts: 114
Loc: South Jersey
Re: Caravanserai [Re: mecs]
      #1608581 - 10/08/14 12:40 PM (73.10.129.72)

Did anybody read the last page of their letter? If they are so sure of their position why are they asking for a total release of all your rights? They are trying to see how many people can be coned into sighing their rights away

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San
Traveler


Joined: 03/24/01
Posts: 343
Loc: Columbus, Ohio
Re: Caravanserai [Re: Bob_Dot]
      #1608586 - 10/08/14 01:18 PM (130.132.173.232)

Bob and Dot,

Quote:

There are 60 timeshare units for 52 weeks. In July of 2013 there were 2,056 weeks sold with 1064 weeks still available.




I copied those stats from the info listed online when the first auction took place. Back in summer, 2013 yes: 2,056 weeks had been sold but a number of owners own two or three weeks so 2,000 owners maybe, plus or minus. We don't know how many units were purchased in the last year so this gives us a rough estimate on the number of owners, not necessarily the number of weeks owned.


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madg1108
Traveler


Joined: 01/05/07
Posts: 280
Loc: Woodland Pk N J
Re: Caravanserai [Re: San]
      #1608588 - 10/08/14 01:32 PM (67.83.5.69)

I, as an owner WILL NOT SIGN that letter!!!

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Bare
Traveler


Joined: 06/28/06
Posts: 2624
Loc: In the woods.
Re: Caravanserai [Re: DebNLena]
      #1608615 - 10/08/14 03:02 PM (162.218.147.156)

Is your reservation still good at RI??

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Todd
Traveler


Joined: 03/05/04
Posts: 3667
Loc: Vancouver, WA
Re: Caravanserai [Re: madg1108]
      #1608617 - 10/08/14 03:07 PM (50.76.111.101)

I got my letter yesterday, I have no plans on signing it.
T


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DebNLena
Traveler


Joined: 11/10/11
Posts: 166
Loc: Northern Virgina
Re: Caravanserai [Re: Bare]
      #1608629 - 10/08/14 04:09 PM (72.66.3.194)

Yes, that was the points balance for 2015.

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Bare
Traveler


Joined: 06/28/06
Posts: 2624
Loc: In the woods.
Re: Caravanserai [Re: DebNLena]
      #1608631 - 10/08/14 04:28 PM (162.218.147.156)

Good for you - RCI told me my reservation was no longer valid as of today - see you guys soon.

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VitaMan
Traveler


Joined: 07/25/08
Posts: 183
Re: Caravanserai [Re: madg1108]
      #1608638 - 10/08/14 04:39 PM (24.3.246.11)

I would recommend against signing that letter at this point in time also. As I think about this, it seems to me the emails (as opposed to registered letters) were just a means to get the topic on the table, They probably expected blow back from angry t/s owners and, as I wrote in a previous post, the "hotel" offer was just meant as a starting point for discussions.
So I would also recommend waiting to see the outcome of the meeting proposed by Ted Richardson and the SMTA with Scotiabank and Alegria as well. I would be very surprised if they would reject taking such a meeting.
But I do think everyone needs to be realistic about their expectations. I can't imagine that Alegria bought the resort without first doing a feasibility study and profit and loss assessment, and based on that developed a strategy to fix it. As we all know, the business model under Kildare/Caravanserai was unsustainable, so some operational adjustments (increased AMF's being a possibility?) must be implemented to right the ship. If you want the place to become everything you hope it can be, and I know you all do, then I think you'll all be better off in the long run participating with the new owners rather than fighting them. Manek is responsible for creating this mess and I don't think Alegria should be cast as the bad guys here for trying to find a remedy for the situation.

--------------------
If life dealt you a full house, don't complain you didn't get a royal flush.


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Todd
Traveler


Joined: 03/05/04
Posts: 3667
Loc: Vancouver, WA
Re: Caravanserai [Re: VitaMan]
      #1608640 - 10/08/14 05:00 PM (50.76.111.101)

"As we all know, the business model under Kildare/Caravanserai was unsustainable"

No it was not sustainable the way he did it, if Royal Islander was run that way it would not be sustainable either. Where did the money go? How many stories have you heard about what he promised vs what he delivered. It is my belief that at the amount that was paid for this place, it will be a cash cow for the new owner. It took somebody with some deep pockets to do it, and some risk and hassle but he will do well off of the place.

I also add, do you think that Scotia Bank told the new owner what he wanted to hear or what they thought the truth was?

Cheers,
T


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