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Re: Atrium assessment.
[Re: usasxmlover]
#147279
10/25/2017 08:27 AM
10/25/2017 08:27 AM
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Joined: Mar 2001
Posts: 17,576 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,576
Ohio
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While I LOVE the Atrium...I smell a class action lawsuit. Good luck with that.
J.D.
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Re: Atrium assessment.
[Re: usasxmlover]
#147282
10/25/2017 02:06 PM
10/25/2017 02:06 PM
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Joined: Nov 2016
Posts: 34
usasxmlover
Traveler
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Traveler
Joined: Nov 2016
Posts: 34
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another question...75% reduction what revenue? Are they assuming that maintenance fee's won't be paid? Don't maintenance fees cover the cost of operating the resort? My week was canceled by the resort for this year- actually had reserved this week - but my 2017 maintenance fee was paid as I assume all other weeks this year that have been canceled. This means the was ZERO reduction in revenue. I guess they make some money by renting unsold weeks... We need some real firm numbers. It's really a matter of principal here. They will chase you down to the end of the earth to get that AMF.
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Re: Atrium assessment.
[Re: thewaterfront]
#147288
10/30/2017 04:59 PM
10/30/2017 04:59 PM
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Joined: Aug 2000
Posts: 508 BF, New Mexico
dave
Traveler
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Traveler
Joined: Aug 2000
Posts: 508
BF, New Mexico
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For those Atrium owners who don't remember, they did this same thing when Festiva bought the property in 2010. They made a "special assessment" to the timeshare owner's, apparently because they didn't do their due diligence regarding finances before buying the property. The Atrium contract that I and everyone else signed specifically stated that there would NEVER be any special assessments for any reason. A large percentage of timeshare owners sued, and went to the Dutch version of court. After countless delays, the judge finally ruled that, even though the contracts we signed said no special assessments, he would allow it this one time. I told Festiva to stick it, and walked away. I'm glad I did.
[b][color:"green"]dave[/color]
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Re: Atrium assessment.
[Re: SXMScubaman]
#147292
10/30/2017 08:30 PM
10/30/2017 08:30 PM
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Joined: Aug 2000
Posts: 508 BF, New Mexico
dave
Traveler
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Traveler
Joined: Aug 2000
Posts: 508
BF, New Mexico
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There are many fine places to stay on SXM that have no connection with timeshares, have never been a timeshare, and will never be timeshares. Your statement about timeshares providing places to stay is true, as far as it goes, but there are far more non-timeshare facilities that provide quality accommodations without the risk of foreign financial investment.
[b][color:"green"]dave[/color]
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Re: Atrium assessment.
[Re: SXMScubaman]
#147296
10/30/2017 09:28 PM
10/30/2017 09:28 PM
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Joined: Aug 2000
Posts: 83,108 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 83,108
Central Florida!
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...which are financed by those who pay those overpriced annual maintenance fees, versus what you can get if you just rent..
Carol Hill
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Re: Atrium assessment.
[Re: Carol_Hill]
#147301
10/30/2017 10:02 PM
10/30/2017 10:02 PM
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Joined: Apr 2006
Posts: 1,766 Med/ Caribbean
sailbynight
Traveler
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Traveler
Joined: Apr 2006
Posts: 1,766
Med/ Caribbean
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Carol_Hill said: ...which are financed by those who pay those overpriced annual maintenance fees, versus what you can get if you just rent.. Not sure how anyone still gets caught up in that "ownership" in St. Maarten. My friend used to sell TS (until Irma) and we don't see eye to eye on the topic.
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Re: Atrium assessment.
[Re: SXMScubaman]
#147302
10/31/2017 08:07 AM
10/31/2017 08:07 AM
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Joined: Aug 2000
Posts: 83,108 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 83,108
Central Florida!
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The beds aren't going to go away. With more t/s 'owners' walking away, there will be MORE beds available for others to rent. ...once they are all repaired after the hurricane, that is.
Carol Hill
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Re: Atrium assessment.
[Re: Carol_Hill]
#147303
10/31/2017 08:50 AM
10/31/2017 08:50 AM
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Joined: Mar 2001
Posts: 17,576 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,576
Ohio
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I have heard at least two (and I think three) different radio ads for companies to help timeshare owners get out of their timeshare "legally". I wonder if it is coincidental these ads are appearing with the recent hurricanes in the Caribbean?
J.D.
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Re: Atrium assessment.
[Re: ruralcarrier]
#147304
10/31/2017 09:46 AM
10/31/2017 09:46 AM
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Joined: Apr 2001
Posts: 1,562 Long Island, NY
RICKnGRACE_LI_NY
Traveler
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Traveler
Joined: Apr 2001
Posts: 1,562
Long Island, NY
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Timeshares have always been a matter of opinion. For some it works, for others their answer is no way. It worked for us initially. Grace and I were always making excuses and not taking a vacation. Once we had a timeshare those excuses seemed silly. It worked until Pelican got out of hand.
Since then we have bought another timeshare in Cabo San Lucas for a stupidly low price. The AM is not crazy. We have never been there and have used it to trade into SXM the last 4 years. So again, timeshare is working for us.
As always, this is JMHO
Rick and Grace
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Re: Atrium assessment.
[Re: SandS]
#147306
10/31/2017 10:14 AM
10/31/2017 10:14 AM
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Joined: Mar 2001
Posts: 17,576 Ohio
ruralcarrier
Traveler
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Traveler
Joined: Mar 2001
Posts: 17,576
Ohio
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As far as timeshares, I don't think I could rent a two bed, two bath sleeps six on the beach in Feb. for less than $1500.00 I think you would be surprised. We have done it many times.
J.D.
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Re: Atrium assessment.
[Re: ruralcarrier]
#147307
10/31/2017 10:47 AM
10/31/2017 10:47 AM
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Joined: Aug 2000
Posts: 1,390 Hershey, Pennsylvania
Tom
Traveler
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Traveler
Joined: Aug 2000
Posts: 1,390
Hershey, Pennsylvania
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I agree. We have same (2 br, 2 bath, sleep 6) right on the beach for $1,175/wk @ Belair. BUT, we have seen comparable offers via rental that enable you to go when you want (avoid the mob scene on Sat/Sun to go through Customs and Immigration). We, too have enjoyed our ts but that is subject to change dependent upon assessment and maintenance charges. If we were to discontinue our ts, we may well go with rental @ Belair. It just opens other options.
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Re: Atrium assessment.
[Re: ruralcarrier]
#147308
10/31/2017 11:00 AM
10/31/2017 11:00 AM
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Joined: Nov 2010
Posts: 212 Wisconsin
wabid
Traveler
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Traveler
Joined: Nov 2010
Posts: 212
Wisconsin
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We own one week at SBR and it works out great. Now would I advise anyone to purchase a timeshare? No. My wife purchased two weeks over 15 years ago, while we were engaged. I was not her husband and could not put my foot down...still can't ( I digress), but when she explained on how little she spent I was OK with it.
SBR (Pelican at the Time) sold us two weeks in September. They were in dire straights at the time and, to us, there was very little risk. We endured the drama of the Pelican Management fights and the foreclosure. We also thought of walking away because September just did not work out for us and the only way to get another week was to invest in...another week. Too costly because they realized with improvements they were charging more for the units. Skip ahead several years. They have now switched to points, we traded our two weeks, single bedroom, low season unit for a single week, two bedroom, high season unit. To us it works out great. Because we pay lower maintenance and a single week high season can translate to two weeks in the lower seasons and we can accrue up to two years. Is it the most economical deal? Maybe not. Is our TS an investment? Certainly not. But we crunched the numbers (the reps hate when you steal their calculator and star doing "math" in front of them) and year to year it works out decent. We love it because SBR is VASTLY improved, a known quantity, and to show up unpack for two weeks and head to the beach that's all we need. So to each his own....
Never walk onto a job site with empty hands. - Source Unknown
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Re: Atrium assessment.
[Re: Carol_Hill]
#147309
10/31/2017 11:07 AM
10/31/2017 11:07 AM
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Joined: Mar 2009
Posts: 18,933 Auburn, WA
SXMScubaman
Traveler
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Traveler
Joined: Mar 2009
Posts: 18,933
Auburn, WA
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Carol_Hill said: The beds aren't going to go away. With more t/s 'owners' walking away, there will be MORE beds available for others to rent. ...once they are all repaired after the hurricane, that is. Did you miss something in my post? That is what I posted earlier. Without timeshares those beds would not exist.
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Re: Atrium assessment.
[Re: SXMScubaman]
#147310
10/31/2017 11:43 AM
10/31/2017 11:43 AM
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Joined: Aug 2000
Posts: 83,108 Central Florida!
Carol_Hill
Traveler
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Traveler
Joined: Aug 2000
Posts: 83,108
Central Florida!
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No, you miss MY point. The timeshares are already there. Regardless, this is not an argument that either one of us will convince the other on.
Carol Hill
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Re: Atrium assessment.
[Re: IslandBoi]
#147314
10/31/2017 03:31 PM
10/31/2017 03:31 PM
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Joined: Mar 2009
Posts: 18,933 Auburn, WA
SXMScubaman
Traveler
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Traveler
Joined: Mar 2009
Posts: 18,933
Auburn, WA
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IslandBoi said: i think Scubaman is looking for gratitude
thank you Scubaman for buying into a timeshare, if it weren't for you philanthropists, we renters wouldn't have as many economical room choices without the unforeseen financial obligations <img src="http://www.traveltalkonline.com/forums/images/graemlins/thanks.gif" alt="" />
p.s. and i'm sure the timeshare industry thanks you also!!! <img src="http://www.traveltalkonline.com/forums/images/graemlins/Thumbsup.gif" alt="" /> Not looking for gratitude. Just stating the facts of what timeshares have done for the tourist industry in St Maarten. Have a nice day.
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Re: Atrium assessment.
[Re: SXMScubaman]
#147316
10/31/2017 04:44 PM
10/31/2017 04:44 PM
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Joined: Feb 2006
Posts: 686 Albany, New York
WWII
Traveler
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Traveler
Joined: Feb 2006
Posts: 686
Albany, New York
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SXMScubaman said: I saw the Atrium letter. Not to transparent. At least they put something out. Diamond is yet to send any update or notifications out to us fixed week owners. I've been called by Diamond and they followed up with an e-mail.
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