I hope BG will get rid of UDIs.

[Thirsty Senior Member Find all posts View Profile Close Thirsty]

I made my original purchase from RDI a few years back and didn’t know about UDIs. I have learned about UDIs form reading messages on here and Tugs. As I said in my second post on the other thread I don’t know as much as others do about UDIs. So I am going ask some questions and maybe that will help educate me to UDIs.


Is the following correct?
Lets say a person books 10 unit with an average cost 5500 points per unit that would be 55,000 points. Under the new MFs that person would have to pay roughly $1,700.00 per year in MFs.


What are the MF for a UDI? (I thought I heard they were about $600.00 per year).

Do other Vacation Clubs have something like this?

Thanks,
Mike

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

Mike,

I think you are not aware of the fact that UDIs are competely separate from the Club except for those weeks that have been converted into Bluegreen points. All of their inventory is managed separately. The only UDI inventory that is available to Points owners are those red weeks they converted. So, it's really no impact on points owners.

[mshatty Super Moderator Find all posts View Profile Close mshatty]

Fairfield/Wyndham has UDI points also. Also all of its newly built resorts are UDI. Its early resorts that had fixed/float weeks had a program to convert their weeks to points.

The maintenance fees are based on a fixed rate per 1,000 points. Say you had 154,000 UDI points, and the rate was $3.42, your maintenance fees would be $526.68. In addition, Fairfield charges a program fee based on the number of points you own, whether UDI or from a converted week. For 154,000 points, I believe that the program fee is $93.00.

An owner can use the 154,000 points to reserve a week, partial week, and different size units based on the respective FF resort point charts. It might get a full week a 2BR in prime season in Williamsburg, or a partial week in a 1BR in Hawaii.

One use of the points, whether UDI or converted weeks, is to deposit point packages into RCI to exchange. There are set FF point values for unit and season size to deposit into RCI. 154,000 points is a 2BR red season deposit into RCI. However, blue studio deposits of 28,000 points are often utilized to get a upgraded exchange in red 2BR's when a bulk space bank occurs. It seems that a 70,000 points red studio deposit into RCI will pull most exchanges that a person wants. There are exceptions of course.

UDI or point programs do require understanding how to utilize them so that it best meets the needs of each individual. The flexibility of UDI points does come with a modicum of complexity.

[Spence Super Moderator Find all posts View Profile Close Spence]

UDI means UnDivided Interest and what the OP and mshatty are talking about are apples and oranges. There are many developers that market UDIs. As mshatty says Wyndham does, Sunterra does, and others. Instead of dividing the resort into weeks they glom them up into groups that represent a certain number of points to be used in the parent company's system.

OP, I believe, is talking about Blueegreens UDIs at Christmas Mountain Village and Shenandoah Crossings where the owner can have/make multiple reservations at any one time, one Red, two White/Blue, one any color w/in 45days of check-in. New reservations can be made to replace these as soon as you check-in for one of the existing ressies. You can churn a lot of reservations out of one or a few of these ownerships.

There are some BG hybrids where the red week was converted to Bluegreen points but the ability to churn other weeks remains, I think. The experts will certainly chime in.

I had four Shenandoah Crossings UDIs but they were too expensive because of the rec fees for the horses and the housekeeping fees on each ressie that are double that of CMV. I sold them all back to Bluegreen who probably did away with the UDI and converted the represented interest into points in some fashion.

[BocaBum99 Super Moderator Find all posts View Profile Close BocaBum99]

Spence is correct. Bluegreen is actively purchasing back UDIs to redeed them back into normal weeks for insertion into the Bluegreen Vacation Club.

[Tom52 Member Find all posts View Profile Close Tom52]

I made my original purchase from RDI a few years back and didn’t know about UDIs. I have learned about UDIs form reading messages on here and Tugs. As I said in my second post on the other thread I don’t know as much as others do about UDIs. So I am going ask some questions and maybe that will help educate me to UDIs.


Is the following correct?
Lets say a person books 10 unit with an average cost 5500 points per unit that would be 55,000 points. Under the new MFs that person would have to pay roughly $1,700.00 per year in MFs.


What are the MF for a UDI? (I thought I heard they were about $600.00 per year).

Do other Vacation Clubs have something like this?

Thanks,
Mike

Mike, the last maintenance fees were very close to $750 for a Timbers UDI and $700 for a Cottage UDI. In theory if each UDI owner reserved all the weeks they were entitled to, each would only get 3 weeks usage per year. For a Timbers UDI owner, they have to pay a $50 housekeeping fee for each of their three weeks usage, or a total of approx $900 per year. For a Timbers UDI owner, they have to pay a $48 housekeeping fee for each of their three weeks usage, or a total of approx $845 per year.

As discussed elsewhere, many UDI owners do not use all their available weeks so others can reserve extra weeks for only the cost of the housekeeping fees. Regardless, of who gets the usage, BG still gets the average of approx $900 for each Timbers UDI owner and the average of approx $845 for each Cottage UDI owner. I think a red week is equivalent to 9000 BG points, a white week is about 8000 points and a blue week is about 7000 BG points. This is an average of 24,000 BG points per year. For a very rough calculation you could compare the annual maintenance fees for 24,000 BG points compared to the respective $900 and $845 UDI maintenance fees and housekeeping fees.