Traveltalkonline.com Forums

Forum Statistics
Forums39
Topics38,568
Posts311,456
Members26,550
Most Online2,218
Jan 21st, 2020
Top Posters(30 Days)
RonDon 83
fabila 46
Zanshin 40
Member Spotlight
Cincinnati_Kid
Cincinnati_Kid
Cincinnati area
Posts: 1,362
Joined: January 2003
Show All Member Profiles 
Today's Birthdays
Dutchman, hathead, lookinatfifty, Lovetheocean, LuSea
Who's Online Now
21 registered members (ydrwrb1, wct49, jazzgal, GaryC, SXMNAN, Rumlover, SXMScubaman, fabila, Manpot, bkigar, Todd_Melinda_K, Deepcut, sunshine44, MrEZgoin, DanS, 6 invisible), 881 guests, and 71 spiders.
Key: Admin, Global Mod, Mod
Previous Thread
Next Thread
Print Thread
Rate Thread
Page 4 of 6 1 2 3 4 5 6
Re: Caravanserai now Alegria [Re: PrairieGirl] #29292
10/07/2014 03:21 PM
10/07/2014 03:21 PM
Joined: Dec 2004
Posts: 5,085
Massachusetts
boucharda Offline
Traveler
boucharda  Offline
Traveler
Joined: Dec 2004
Posts: 5,085
Massachusetts
Quote
From this I would GUESS that confirmed exchanges shouldn't be an issue, but if it were me I'd continue to try to get confirmation from RCI on that


I would think getting confirmation from the resort would be more appropriate....

Re: Caravanserai now Alegria [Re: Beckygc] #29293
10/07/2014 04:18 PM
10/07/2014 04:18 PM
Joined: Jun 2006
Posts: 2,624
In the woods.
B
Bare Offline
Traveler
Bare  Offline
Traveler
B
Joined: Jun 2006
Posts: 2,624
In the woods.
Thx for the info, plse keep us posted, will try RCI again tonight - not sure I want to wait till the last moment???

Re: Caravanserai [Re: jmbcomms] #29294
10/07/2014 04:57 PM
10/07/2014 04:57 PM
Joined: Dec 2008
Posts: 8
New York and Florida
Oceanwaves22 Offline
Traveler
Oceanwaves22  Offline
Traveler
Joined: Dec 2008
Posts: 8
New York and Florida
As I Caravanserai TS owner I find the actions of Alegria farcical. Do any of the TS owners have first hand knowledge that the emails were indeed sent by Alegria. I have not received one. It seems to me that if allowed to follow through on this plan the entire TS structure could be jeopardized. Not just on St Maarten, but in many other places as well. and RCI business model could also be very well damaged. We also should be careful about what is said on this and other public places as Alegria will be monitoring them for information on what people are thinking and planning. If they see a general weakness on the part of TS owners they will act accordingly.



[Linked Image]
Re: Caravanserai [Re: Oceanwaves22] #29295
10/07/2014 05:15 PM
10/07/2014 05:15 PM
Joined: Mar 2009
Posts: 18,701
Auburn, WA
SXMScubaman Online content
Traveler
SXMScubaman  Online Content
Traveler
Joined: Mar 2009
Posts: 18,701
Auburn, WA
What ever Alegria does won't affect any business model that RCI has. RCI isn't the best business model to begin with and has its own customer relation issues currently and in the past. I also don't think what happens to Alegria will have a big effect on the TS industry as a whole but instead on the unfortunate TS owners in that complex.

Re: Caravanserai [Re: Oceanwaves22] #29296
10/07/2014 05:27 PM
10/07/2014 05:27 PM
Joined: Feb 2011
Posts: 43
M
mechtech43 Offline
Traveler
mechtech43  Offline
Traveler
M
Joined: Feb 2011
Posts: 43
I hope that logic prevails in this situation as it does not look favorably on either Alegria or the Bank of Nova Scotia. I am sure the Minister of Tourism is looking at some type of resolution that will appease both the new owner and the TS owners such as myself. <img src="http://www.traveltalkonline.com/forums/images/graemlins/Yikes.gif" alt="" />

Re: Caravanserai [Re: SXMScubaman] #29297
10/07/2014 05:35 PM
10/07/2014 05:35 PM
Joined: Jan 2002
Posts: 846
Oshawa
BGH Offline
Traveler
BGH  Offline
Traveler
Joined: Jan 2002
Posts: 846
Oshawa
Send this government a message .......Flood those in government with a continuous communication campaign until they implement the consumer protection policy required . <img src="http://www.traveltalkonline.com/forums/images/graemlins/smashpc.gif" alt="" /> <img src="http://www.traveltalkonline.com/forums/images/graemlins/smashpc.gif" alt="" /> <img src="http://www.traveltalkonline.com/forums/images/graemlins/smashpc.gif" alt="" /> <img src="http://www.traveltalkonline.com/forums/images/graemlins/smashpc.gif" alt="" />

Re: Caravanserai [Re: BGH] #29298
10/07/2014 06:25 PM
10/07/2014 06:25 PM
Joined: Mar 2009
Posts: 18,701
Auburn, WA
SXMScubaman Online content
Traveler
SXMScubaman  Online Content
Traveler
Joined: Mar 2009
Posts: 18,701
Auburn, WA
And what required policy in St Maarten is that? None that I know of.

Re: Caravanserai [Re: SXMScubaman] #29299
10/07/2014 06:51 PM
10/07/2014 06:51 PM
Joined: Jan 2002
Posts: 846
Oshawa
BGH Offline
Traveler
BGH  Offline
Traveler
Joined: Jan 2002
Posts: 846
Oshawa
.....aman ...the policy that does not currently exist .One that would protect consumers while investing in a challenged country ...

Re: Caravanserai [Re: mechtech43] #29300
10/07/2014 06:59 PM
10/07/2014 06:59 PM
Joined: Mar 2001
Posts: 354
Columbus, Ohio
San Offline
Traveler
San  Offline
Traveler
Joined: Mar 2001
Posts: 354
Columbus, Ohio

Quote
I also don't think what happens to Alegria will have a big effect on the TS industry as a whole but instead on the unfortunate TS owners in that complex.


This is far from being true. The truth is that if the new owner is allowed to turn a timeshare facility into a straight hotel facility, a HISTORIC PRECEDENT will be set not only on this island but possibly at any timeshare facility, exclusive of U.S. timeshare properties. The government needs to take a long, hard look at this mess. This totally unprofessional act of sending people emails may be a ploy by the new owner who controls Alegria Real Estate in that they know they can't simply null the sales. Remember that sales were taking place at the resort while a Scotia Bank agent was overseeing the property. That IS the truth.

In the end we keep our timeshares at a price 9 times the yearly maintenance fee of 2014. <img src="http://www.traveltalkonline.com/forums/images/graemlins/hammer.gif" alt="" />

Re: Caravanserai [Re: San] #29301
10/07/2014 08:20 PM
10/07/2014 08:20 PM
Joined: Sep 2000
Posts: 4,679
Newtown, CT
kim Offline
Traveler
kim  Offline
Traveler
Joined: Sep 2000
Posts: 4,679
Newtown, CT
Wasn't dawn Beach a timeshare and went belly up after the storms? Did those owners have any recourse?

Re: Caravanserai [Re: kim] #29302
10/07/2014 08:23 PM
10/07/2014 08:23 PM
Joined: Nov 2002
Posts: 7,376
SXMWendell Offline
Traveler
SXMWendell  Offline
Traveler
Joined: Nov 2002
Posts: 7,376
Dawn beach hotel paid their insurance premiums to their agent. The agent didn't forward the payments to the insurance co. So Dawn beach hotel didn't have insurance to rebuild.

SXM??? Wendell

Re: Caravanserai [Re: SXMWendell] #29303
10/07/2014 09:30 PM
10/07/2014 09:30 PM
Joined: Sep 2000
Posts: 4,679
Newtown, CT
kim Offline
Traveler
kim  Offline
Traveler
Joined: Sep 2000
Posts: 4,679
Newtown, CT
I guess what I'm asking is have their been other timeshare resorts on the island that have closed their doors and if so how was it handled and what was the outcome. Idk why I though Dawn Beach was timeshare not a resort, but I knew the agent fled with the $$$$.

Re: Caravanserai [Re: San] #29304
10/08/2014 06:51 AM
10/08/2014 06:51 AM
Joined: Dec 2004
Posts: 5,085
Massachusetts
boucharda Offline
Traveler
boucharda  Offline
Traveler
Joined: Dec 2004
Posts: 5,085
Massachusetts
Quote


Quote:
"I also don't think what happens to Alegria will have a big effect on the TS industry as a whole but instead on the unfortunate TS owners in that complex."



This is far from being true. The truth is that if the new owner is allowed to turn a timeshare facility into a straight hotel facility, a HISTORIC PRECEDENT will be set not only on this island but possibly at any timeshare facility, exclusive of U.S. timeshare properties


Totally agree...

...and the unplanned closing of a resort due to storm damage is a bit different than transferring ownership, dumping existing contracts and continuing operations

I should also mention that the only way SOME owners know about this event is through this forum. It is obvious that not everyone received the email. Those that did not and do not frequent this board are still clueless as to what is going on....

Thus my original post about how lame it was to send the notice via email vs. certified mail. They have no proof of ANYONE actually getting it.

Last edited by boucharda; 10/08/2014 06:57 AM.
Re: Caravanserai [Re: boucharda] #29305
10/08/2014 07:58 AM
10/08/2014 07:58 AM
Joined: Nov 2002
Posts: 7,376
SXMWendell Offline
Traveler
SXMWendell  Offline
Traveler
Joined: Nov 2002
Posts: 7,376
Another thing I don't understand. If the leassee's fight the resort owner in court and win to get to stay there. Do the leasee's think think they will be staying at a place with open arms? Will the owner go out of their way to make the place comfortable and have full services for the leasee's? I really thing the leasee's will be staying in a hostile environment.

SXM??? Wendell

Re: Caravanserai [Re: SXMWendell] #29306
10/08/2014 08:12 AM
10/08/2014 08:12 AM
Joined: Dec 2004
Posts: 5,085
Massachusetts
boucharda Offline
Traveler
boucharda  Offline
Traveler
Joined: Dec 2004
Posts: 5,085
Massachusetts
I would be a bit hostile....probably would have made more sense to play the savior card and then just double the AMF's for whatever reason. That might have gotten rid of quite a few players....making THEIR choice and not a forced hand...and it STILL may come to that

Re: Caravanserai [Re: boucharda] #29307
10/08/2014 08:33 AM
10/08/2014 08:33 AM
Joined: Nov 2002
Posts: 7,376
SXMWendell Offline
Traveler
SXMWendell  Offline
Traveler
Joined: Nov 2002
Posts: 7,376
The new owner probably wants to get a head count of who takes the offer by year end ( thus the Nov 1 deadline). instead of waiting for a couple of years. And beginning the first of the year start the hotel promotion.

Really the hotel offer isn't too bad. Some will pay $575 for a week stay in a newer resort.

SXM??? Wendell

Re: Caravanserai [Re: SXMWendell] #29308
10/08/2014 09:12 AM
10/08/2014 09:12 AM
Joined: May 2003
Posts: 1,303
NJ
R
RoryS Offline
Traveler
RoryS  Offline
Traveler
R
Joined: May 2003
Posts: 1,303
NJ
How is it going to run as a hotel? Aren't all the units either studios, 1/2 Bedrooms? I guess when I hear hotel; I think a room with a bed and bath (and possibly a mini fridge). If someone bought a 2 BR unit there's no way they could get 6-8 people in a hotel room.

Re: Caravanserai [Re: RoryS] #29309
10/08/2014 09:40 AM
10/08/2014 09:40 AM
Joined: Mar 2002
Posts: 1,377
PA
mecs Offline
Traveler
mecs  Offline
Traveler
Joined: Mar 2002
Posts: 1,377
PA
You are right RoryS! We have 2 weeks in a sleep 8 Penthouse unit during low season when the kids are off school since we have 4 kids and needed to sleep all 6 of us comfortably. We only bought the timeshare unit at Caravanserai because it was complex every year to try to find a centrally located place that could accomodate our whole family comfortably for 2 weeks. Getting a "hotel unit" for the price of our maintenance fee would not even make sense. Maybe a lot of people have only 2 people and would be able to make it work, but it is worthless to us to pay our maintenance fee and not have a place to put everyone!

Re: Caravanserai [Re: mecs] #29310
10/08/2014 09:56 AM
10/08/2014 09:56 AM
Joined: Mar 2001
Posts: 354
Columbus, Ohio
San Offline
Traveler
San  Offline
Traveler
Joined: Mar 2001
Posts: 354
Columbus, Ohio
There are some owners who did not have an email address on file with Caravanserai. I would assume they will receive letters by mail? All notices should have been sent by registered mail and not by email since Alegria's letter could have ended up in junk or spam and never reached the intended timeshare owner. Alegria has no guarantee that any particular owner actually received their letter. Something else to consider.

Re: Caravanserai [Re: San] #29311
10/08/2014 10:03 AM
10/08/2014 10:03 AM
Joined: Mar 2002
Posts: 1,377
PA
mecs Offline
Traveler
mecs  Offline
Traveler
Joined: Mar 2002
Posts: 1,377
PA
You have to wonder how many people might find out simply because at some point they go to RCI to book a vacation and they have a zero point balance! RCI is going to be fielding a lot of po'd calls before people realized what Caravanserai/Alegria did!

Re: Caravanserai [Re: mecs] #29312
10/08/2014 10:11 AM
10/08/2014 10:11 AM
Joined: Nov 2011
Posts: 166
Northern Virgina
DebNLena Offline
Traveler
DebNLena  Offline
Traveler
Joined: Nov 2011
Posts: 166
Northern Virgina
Lena checked our RCI point balance and you are correct we have a 0 balance!!

Re: Caravanserai [Re: RoryS] #29313
10/08/2014 10:18 AM
10/08/2014 10:18 AM
Joined: Oct 2014
Posts: 2
T
TheRiverPirate Offline
Member
TheRiverPirate  Offline
Member
T
Joined: Oct 2014
Posts: 2
Count us in on ANY class action suit. And I urge everyone to broadcast a call for a BOYCOTT of St.Maarten - St.Martin
until they do something to protect TS owners rights.

Re: Caravanserai [Re: San] #29314
10/08/2014 10:19 AM
10/08/2014 10:19 AM
Joined: Oct 2014
Posts: 16
M
mhughes56 Offline
Traveler
mhughes56  Offline
Traveler
M
Joined: Oct 2014
Posts: 16
As an owner who bought while the first floor of the T/S bldg was going up and who has used our penthouse unit 3 times starting in 2010 we have been on a roller coaster ride from day 1. to some of the people who have posted I can truly tell the non owners versus owners.We as many owners recognize the great potential for Caravanserai and have had some wonderful times there. We do miss Ray:( He always tried to help us and give us good info.I know many people posting don't fully understand what is in our hearts but to the people who are siding with Allegria I think they need to walk a mile in the owners shoes. I also think that is shameful that the St.Martin government has not made an effort to better communicate any efforts to solve this dilemma which they obviously have been aware of. As far as the bank goes ...They are a bank and they could give a rat's [censored] about anything but their money which is to be expected of the bank. I do beleive that it would be in the interest of bothe the government , and Allegria , and The Time Share Assoc. to solve this in favor of the owners for 2 reasons 1.) If they don't this will seriously weaken the timeshare business in general but specifically in St.Martin and 2.) We as other owners also own other weeks in St.Martin and you can bet your bottom dollar that we will spend every waking hour on that island making all parties involved lives MISERABLE!!!

Re: Caravanserai [Re: SXMWendell] #29315
10/08/2014 10:20 AM
10/08/2014 10:20 AM
Joined: Dec 2008
Posts: 993
Pittsburgh PA
P
plequerre Offline
Traveler
plequerre  Offline
Traveler
P
Joined: Dec 2008
Posts: 993
Pittsburgh PA
Another thing to consider. What if some TS owners took a mortgage to buy? Didn't the lender require a guarantee (lien) against the property? Did the sale of the TS Resort to Allegria account for that? The borrower doesn't own anything, the lender does until the mortgage is paid off. Lots of unknowns at this point.

Re: Caravanserai [Re: plequerre] #29316
10/08/2014 10:37 AM
10/08/2014 10:37 AM
Joined: Jan 2010
Posts: 450
Teresasxm Offline
Traveler
Teresasxm  Offline
Traveler
Joined: Jan 2010
Posts: 450
I just received a SECOND email from Alegria with the same awful letter attached. That's 2 emails in five days.

Re: Caravanserai [Re: Teresasxm] #29317
10/08/2014 10:48 AM
10/08/2014 10:48 AM
Joined: Jul 2003
Posts: 2,000
North Kingstown, Rhode Island
RI Bob C Offline
Traveler
RI Bob C  Offline
Traveler
Joined: Jul 2003
Posts: 2,000
North Kingstown, Rhode Island
Do you own 2 weeks and have separate contracts? Am thinking they are working their way through contract by contract.

Somebody earlier posted that there were about 2,000 timeshare weeks sold. If each one involved an eamail response or a phone call, that would make for a very busy month.

Re: Caravanserai [Re: Teresasxm] #29318
10/08/2014 10:55 AM
10/08/2014 10:55 AM
Joined: Mar 2009
Posts: 18,701
Auburn, WA
SXMScubaman Online content
Traveler
SXMScubaman  Online Content
Traveler
Joined: Mar 2009
Posts: 18,701
Auburn, WA
"Thus my original post about how lame it was to send the notice via email vs. certified mail. They have no proof of ANYONE actually getting it."
When an email fails a notice is sent to the sender that it failed to deliver to that address.

Re: Caravanserai [Re: SXMScubaman] #29319
10/08/2014 11:19 AM
10/08/2014 11:19 AM
Joined: Mar 2002
Posts: 1,377
PA
mecs Offline
Traveler
mecs  Offline
Traveler
Joined: Mar 2002
Posts: 1,377
PA
And the emails heading come from Algeria not Caravanserai and reference timeshare. I would assume it was spam if I had gotten it. Most people who own at Caravanserai would not even know who or what alegria is. Unless you follow a social media site that talked about the sale and new name then why would you open the email? For all I know I got the email and deleted it as spam.

Re: Caravanserai [Re: SXMScubaman] #29320
10/08/2014 11:30 AM
10/08/2014 11:30 AM
Joined: Oct 2012
Posts: 304
NC, USA
Durathror Offline
Traveler
Durathror  Offline
Traveler
Joined: Oct 2012
Posts: 304
NC, USA
Quote
SXMScubaman said:
"Thus my original post about how lame it was to send the notice via email vs. certified mail. They have no proof of ANYONE actually getting it."
When an email fails a notice is sent to the sender that it failed to deliver to that address.

In theory, you are correct, in practice, not so much. I am involved in a business systems analysis project at work right now and one of the major elements is email deliverability rates. There is a significant gap between reported non-deliverables and actual. If you are counting on reported non-deliverables and following up only with those, you are going to miss a ton of people because there are a lot of ways that email is reported as non-delievered but is never seen by the target.

We have difficulty with purchase receipts that, because of the status of my employer, are held in company records, so must get through. This seems like a notification of similar importance. Our experience is that relying solely on email for critical documentation, especially that with financial implications, is folly.


There's a small fortune to be made in racing; just start with a large one.
Re: Caravanserai [Re: SXMScubaman] #29321
10/08/2014 12:14 PM
10/08/2014 12:14 PM
Joined: Dec 2008
Posts: 993
Pittsburgh PA
P
plequerre Offline
Traveler
plequerre  Offline
Traveler
P
Joined: Dec 2008
Posts: 993
Pittsburgh PA
As far as I know, there is no legal obligation for anyone to have an email address, much less active.
So in the event that an email sent by Allegria is returned undeliverable, the burden of communication and proof of it remains on Allegria's side.
Sending registered mail is the only way Allegria will be able to prove to a Court that they did contact the owners.
Regardless of the above, it blows my mind that Allegria decided to communicate such an important information to the Owners via email and not by registered mail.

Re: Caravanserai [Re: plequerre] #29322
10/08/2014 12:34 PM
10/08/2014 12:34 PM
Joined: Jan 2007
Posts: 308
Woodland Pk N J
madg1108 Offline
Traveler
madg1108  Offline
Traveler
Joined: Jan 2007
Posts: 308
Woodland Pk N J
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.

Re: Caravanserai [Re: mecs] #29323
10/08/2014 12:40 PM
10/08/2014 12:40 PM
Joined: Dec 2005
Posts: 135
South Jersey
P
Philo Offline
Traveler
Philo  Offline
Traveler
P
Joined: Dec 2005
Posts: 135
South Jersey
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

Re: Caravanserai [Re: RI Bob C] #29324
10/08/2014 01:18 PM
10/08/2014 01:18 PM
Joined: Mar 2001
Posts: 354
Columbus, Ohio
San Offline
Traveler
San  Offline
Traveler
Joined: Mar 2001
Posts: 354
Columbus, Ohio
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.

Re: Caravanserai [Re: San] #29325
10/08/2014 01:32 PM
10/08/2014 01:32 PM
Joined: Jan 2007
Posts: 308
Woodland Pk N J
madg1108 Offline
Traveler
madg1108  Offline
Traveler
Joined: Jan 2007
Posts: 308
Woodland Pk N J
I, as an owner WILL NOT SIGN that letter!!!

Re: Caravanserai [Re: DebNLena] #29326
10/08/2014 03:02 PM
10/08/2014 03:02 PM
Joined: Jun 2006
Posts: 2,624
In the woods.
B
Bare Offline
Traveler
Bare  Offline
Traveler
B
Joined: Jun 2006
Posts: 2,624
In the woods.
Is your reservation still good at RI??

Re: Caravanserai [Re: madg1108] #29327
10/08/2014 03:07 PM
10/08/2014 03:07 PM
Joined: Mar 2004
Posts: 4,302
Vancouver, WA
Todd Offline
Traveler
Todd  Offline
Traveler
Joined: Mar 2004
Posts: 4,302
Vancouver, WA
I got my letter yesterday, I have no plans on signing it.
T


I prefer the Isle seat
Re: Caravanserai [Re: Bare] #29328
10/08/2014 04:09 PM
10/08/2014 04:09 PM
Joined: Nov 2011
Posts: 166
Northern Virgina
DebNLena Offline
Traveler
DebNLena  Offline
Traveler
Joined: Nov 2011
Posts: 166
Northern Virgina
Yes, that was the points balance for 2015.

Re: Caravanserai [Re: DebNLena] #29329
10/08/2014 04:28 PM
10/08/2014 04:28 PM
Joined: Jun 2006
Posts: 2,624
In the woods.
B
Bare Offline
Traveler
Bare  Offline
Traveler
B
Joined: Jun 2006
Posts: 2,624
In the woods.
Good for you - RCI told me my reservation was no longer valid as of today - see you guys soon.

Re: Caravanserai [Re: madg1108] #29330
10/08/2014 04:39 PM
10/08/2014 04:39 PM
Joined: Jul 2008
Posts: 185
VitaMan Offline
Traveler
VitaMan  Offline
Traveler
Joined: Jul 2008
Posts: 185
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.
Re: Caravanserai [Re: VitaMan] #29331
10/08/2014 05:00 PM
10/08/2014 05:00 PM
Joined: Mar 2004
Posts: 4,302
Vancouver, WA
Todd Offline
Traveler
Todd  Offline
Traveler
Joined: Mar 2004
Posts: 4,302
Vancouver, WA
"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


I prefer the Isle seat
Page 4 of 6 1 2 3 4 5 6

Powered by UBB.threads™ PHP Forum Software 7.6.1