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Re: Caravanserai now Alegria
[Re: PrairieGirl]
#29292
10/07/2014 03:21 PM
10/07/2014 03:21 PM
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Joined: Dec 2004
Posts: 5,105 Massachusetts
boucharda
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Joined: Dec 2004
Posts: 5,105
Massachusetts
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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....
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Re: Caravanserai
[Re: mechtech43]
#29300
10/07/2014 06:59 PM
10/07/2014 06:59 PM
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Joined: Mar 2001
Posts: 354 Columbus, Ohio
San
Traveler
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Traveler
Joined: Mar 2001
Posts: 354
Columbus, Ohio
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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="" />
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Re: Caravanserai
[Re: San]
#29304
10/08/2014 06:51 AM
10/08/2014 06:51 AM
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Joined: Dec 2004
Posts: 5,105 Massachusetts
boucharda
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Joined: Dec 2004
Posts: 5,105
Massachusetts
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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.
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Re: Caravanserai
[Re: SXMScubaman]
#29320
10/08/2014 11:30 AM
10/08/2014 11:30 AM
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Joined: Oct 2012
Posts: 304 NC, USA
Durathror
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Joined: Oct 2012
Posts: 304
NC, USA
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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.
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Re: Caravanserai
[Re: RI Bob C]
#29324
10/08/2014 01:18 PM
10/08/2014 01:18 PM
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Joined: Mar 2001
Posts: 354 Columbus, Ohio
San
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Traveler
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Posts: 354
Columbus, Ohio
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Bob and Dot, 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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Re: Caravanserai
[Re: madg1108]
#29327
10/08/2014 03:07 PM
10/08/2014 03:07 PM
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Joined: Mar 2004
Posts: 4,347 Vancouver, WA
Todd
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Traveler
Joined: Mar 2004
Posts: 4,347
Vancouver, WA
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I got my letter yesterday, I have no plans on signing it. T
I prefer the Isle seat
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Re: Caravanserai
[Re: madg1108]
#29330
10/08/2014 04:39 PM
10/08/2014 04:39 PM
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Joined: Jul 2008
Posts: 185
VitaMan
Traveler
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Traveler
Joined: Jul 2008
Posts: 185
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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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Re: Caravanserai
[Re: VitaMan]
#29331
10/08/2014 05:00 PM
10/08/2014 05:00 PM
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Joined: Mar 2004
Posts: 4,347 Vancouver, WA
Todd
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Posts: 4,347
Vancouver, WA
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"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
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