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Maui Embassy and the Annual Meeting
For your Information: This is what I sent to the Maui Embassy.
February 24, 2006
Ka’anapali Beach Vacation Owners Association
Embassy Vacation Resort
104 Ka’anapali Shores Place
Lahaina, Hi. 96761
Dear Sir,
Enclosed you will find my signed Proxy Vote for the Board of Directors of the Ka’anapali Beach Vacation Owners Association. I only want this vote to go to any Board member that is willing to address the problem of RCI renting a large number of weeks at the Maui Embassy. If no one wants to address this problem, I will take back my vote.
You will find a copy of part of a Thread on TUG. You may find the total Thread on www.Tug2.net. Several of the Problems about the Rental practices of RCI and the relationship to RCI’s Renting practices and the best interest of the Owners of the Ka’anapali Embassy are talked about in this thread.
The title is “Embassy Owners in Hawaii Please Give Me Your Input.”
You can find the thread at the internet address below.
http://www.tugbbs.com/forums/showthr...highlight=Walt
A second Thread is addressed to Ask RCI on TUG. Madge is a front person for RCI and talks for RCI. She is willing to answer questions from the TUG membership on behalf of RCI.
You can find the thread at the internet address below.
http://www.tugbbs.com/forums/showthr...highlight=Walt
There are several questions on this thread that are really not answered by Madge. Such as “What replacement week is equal to a Prime Week in a Prime Location in Hawaii?” The Maui Embassy in March, April, and May, 2006.
You will find the results for an Extra Vacation search for the month of December, 2006 for the Maui Embassy.
You will also find a Weeks Exchange search for Hawaii for December, 2006. There are no Maui Embassy units available as Exchanges for the month of December, 2006.
And you will find the results for a Snap Travel search for the month of December, 2006 for the Maui Embassy. You will also find Snap Travel’s agreement with American Express giving a 30% discount to any vacation weeks rented at Snap Travel and billed to the holder of an American Express card.
According to our Owner Agreement, the period of 6 months out to 12 months out, should be only available to Owner of the Maui Embassy. Yet, you are allowing RCI to rent these weeks during this time period. It would appear that this could be a violation of our Owners Agreement with you.
I feel that by renting out Maui Embassy weeks for less than the Total of the Maintenance Fees and Exchanges Fees greatly reduces the value of Ownership in the Maui Embassy. Even at a rental fee of $1200, you are allowing RCI to reduce the Value of Ownership in the Maui Embassy. Let us say, that the Maintenance Fee stays at $690 and the Exchange Fee at $147 for a Total of $837.
How many years would it take for the $363 difference to pay for the cost of an Ownership of a $25,000 to $35,000 week at the Maui Embassy? Why should we own?
I do no understand what value the Owners of the Maui Embassy receive from RCI’s practice of renting Prime Weeks at the Maui Embassy. As I understand it, RCI gets the entire Rental Fee and the Maui Embassy and the Owners of timeshare weeks receive nothing in return.
I never would have become an Owner at the Maui Embassy if I had known that you would allow RCI to rent out the Maui Embassy instead to putting the units in the Weeks Exchange Pool as they should be doing. I also think that seeing the large number of Maui Embassy Weeks for sale in the Secondary Market at greatly reduce rates tells me that a large number of other owners feel the same way.
Why buy when you can rent for less or near the expense of the Maintenance Fee and Exchange Fees?
I would like someone to respond to this letter and my many questions with a return letter.
Thank You,
--------------------------------------------------------------------------
Walt
February 24, 2006
Ka’anapali Beach Vacation Owners Association
Embassy Vacation Resort
104 Ka’anapali Shores Place
Lahaina, Hi. 96761
Dear Sir,
Enclosed you will find my signed Proxy Vote for the Board of Directors of the Ka’anapali Beach Vacation Owners Association. I only want this vote to go to any Board member that is willing to address the problem of RCI renting a large number of weeks at the Maui Embassy. If no one wants to address this problem, I will take back my vote.
You will find a copy of part of a Thread on TUG. You may find the total Thread on www.Tug2.net. Several of the Problems about the Rental practices of RCI and the relationship to RCI’s Renting practices and the best interest of the Owners of the Ka’anapali Embassy are talked about in this thread.
The title is “Embassy Owners in Hawaii Please Give Me Your Input.”
You can find the thread at the internet address below.
http://www.tugbbs.com/forums/showthr...highlight=Walt
A second Thread is addressed to Ask RCI on TUG. Madge is a front person for RCI and talks for RCI. She is willing to answer questions from the TUG membership on behalf of RCI.
You can find the thread at the internet address below.
http://www.tugbbs.com/forums/showthr...highlight=Walt
There are several questions on this thread that are really not answered by Madge. Such as “What replacement week is equal to a Prime Week in a Prime Location in Hawaii?” The Maui Embassy in March, April, and May, 2006.
You will find the results for an Extra Vacation search for the month of December, 2006 for the Maui Embassy.
You will also find a Weeks Exchange search for Hawaii for December, 2006. There are no Maui Embassy units available as Exchanges for the month of December, 2006.
And you will find the results for a Snap Travel search for the month of December, 2006 for the Maui Embassy. You will also find Snap Travel’s agreement with American Express giving a 30% discount to any vacation weeks rented at Snap Travel and billed to the holder of an American Express card.
According to our Owner Agreement, the period of 6 months out to 12 months out, should be only available to Owner of the Maui Embassy. Yet, you are allowing RCI to rent these weeks during this time period. It would appear that this could be a violation of our Owners Agreement with you.
I feel that by renting out Maui Embassy weeks for less than the Total of the Maintenance Fees and Exchanges Fees greatly reduces the value of Ownership in the Maui Embassy. Even at a rental fee of $1200, you are allowing RCI to reduce the Value of Ownership in the Maui Embassy. Let us say, that the Maintenance Fee stays at $690 and the Exchange Fee at $147 for a Total of $837.
How many years would it take for the $363 difference to pay for the cost of an Ownership of a $25,000 to $35,000 week at the Maui Embassy? Why should we own?
I do no understand what value the Owners of the Maui Embassy receive from RCI’s practice of renting Prime Weeks at the Maui Embassy. As I understand it, RCI gets the entire Rental Fee and the Maui Embassy and the Owners of timeshare weeks receive nothing in return.
I never would have become an Owner at the Maui Embassy if I had known that you would allow RCI to rent out the Maui Embassy instead to putting the units in the Weeks Exchange Pool as they should be doing. I also think that seeing the large number of Maui Embassy Weeks for sale in the Secondary Market at greatly reduce rates tells me that a large number of other owners feel the same way.
Why buy when you can rent for less or near the expense of the Maintenance Fee and Exchange Fees?
I would like someone to respond to this letter and my many questions with a return letter.
Thank You,
--------------------------------------------------------------------------
Walt
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