$750 X 87 units X 52 weeks = $3,393,000

I was told by Festiva today that the property did have insurance. Perhaps with a high deductible, but from what we have heard...the resort did not suffer major damage. Once again...no official details of damages.

I was told the HOA determined the assessment. I have never heard about the HO or seen any documents/financials relating to the HOA. Festiva reps keep saying that they are only management agents...they don't set prices, etc. But they won't give details on who does.

This whole things smells like fraud to me. Some operating costs will be reduced with no or low occupancy. What happens if the revenue decrease is not as bad as projected?

I am awaiting a call from the director of the Atrium...who is employed by Festiva/Patton Mgmt.