If I read Marty's post correctly he is saying that the new owner is not going the timeshare route from now on, but the people that bought when it was a timeshare can still use their unit under the old terms if they agree to pay mx fees as they did before and acknowledge this by Nov. 1 2014. The confusion could be because of the wording that the new owners used when they said that the place was no longer a timeshare but a hotel and everyone jumped to the conclusion that their old contract would not be honored in any way. Perhaps it would be best to contact the new owner giving him your interpretation of the letter and see if agrees and if not ask for a clarification. Good luck.