Yes....but not condo in the traditional sense. Yes, the owners will be able to use their units at any specidfied time they want, and all other times the resort will be renting out their rooms for them. It will still be managed by the current people...but this selling off individual units will be a good money grab for them. As for refunds, i am booked for a few days in March, but it clearly states that there is NO CASH REFUNDS.....but a credit to use at another time will be given.