$5,893.32 special assessment for Diamond's Point at Poipu

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

Hi rondiware, and welcome to TS4M's

Wow, I think that's outrageous! Did the owners vote on this?
Anyway, I feel your pain, and hope that you guys have some recourse.

Even if they had a vote, regular owners don't have much of a voice when a developer votes as a block for all the club and trust based members. The club and trust based members are also somewhat shielded because their portions are spread out among more members in multiple properties. I wonder if Diamond is using their $10 million to "spare" the club members a little more or if it is spread equally among all 52 weeks per unit both deeded and trust members?

[Ryne08 Senior Member Find all posts View Profile Close Ryne08]

How many owners will turned back their timeshare to the developer? Who will be the winner and the loser at this resort. Suppose a third of the owners say enough is enough and turn back their timeshare back to Diamond.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Concerning Southshore, it would be wise to know more about the construction there, and the problem, if one was thinking about buying.

If I have it correct, Poipu was built prior to Iniki, and is actually on the baech side of the road, although it is lava rocks right there.

LBR is across the road in a different area, and was the first project built after Iniki, the materials already being there when Iniki hit. Maybe that is just the two newer buildings, the DCB being older (???).

So, what is the water evasion problem, and were construction technologies changed between Poipu Point and LBR?

Or, just rent and leave the headaches to the owners.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

I thought it might be interesting to show this view of the resort, as taken from the beach of the nearby Hyatt.

As you can see, Poipu Point is elevated, protected from the ocean by a bed of lava rocks, and set back a bit.

Has it occurred to anyone that even after spending $65 million, that it may still be just too close to the ocean?

For those who have parked their car for a week at an oceanfront resort, you know what just the surf spray can do. Imagine just that, every day, all day, year after year.

Panoramio - Photo of Embassy Vacation Resort at Poipu Point

We stayed in the furthest building on the left, I believe, second floor, end unit on this end. It has an easterly, sunrise orientation, looking out over Poipu Bay, and I saw the first whale of the season a 6:00 AM the Tuesday we were there. I was sitting on our Lanai, sipping Kona coffee, watching the sunrise.

December 14, 1999.

[T. R. Oglodyte Moderator Find all posts View Profile Close T. R. Oglodyte]

Concerning Southshore, it would be wise to know more about the construction there, and the problem, if one was thinking about buying.

If I have it correct, Poipu was built prior to Iniki, and is actually on the baech side of the road, although it is lava rocks right there.

LBR is across the road in a different area, and was the first project built after Iniki, the materials already being there when Iniki hit. Maybe that is just the two newer buildings, the DCB being older (???).

So, what is the water evasion problem, and were construction technologies changed between Poipu Point and LBR?

Or, just rent and leave the headaches to the owners.

Point at Poipu was nearing completion and had just started sales (as a whole ownership project) when Iniki hit. The resort was severely damaged by Iniki, and the developer couldn't rescue it. Holland America and Signature Resorts (Signature Resorts became Marc Resorts, and Marc was bought by Sunterra) rescued the project, getting approval from the Kauai County Council, to rezone the property to resort from residential so they could sell it as timeshare. The County was anxious to get the project going and eliminate the eyesore. so they agreed to the rezone.

IIRC - the newer LBR buldings are woodframe construction. If so I would expect the same issue to be present at LBR. Though if the buildings were constructed after Iniki they may have been spared damage.

****

At the resort HOA webage they have posted some photos of the damage. There's some very significant damage underneath the exterior cladding - metal structural ties that are very heavily corroded. It's pretty ugly.

[slip Contributor - Bronze Find all posts View Profile Close slip]

I have a hard time believing that this issue is going to be happening at alot
of other resorts. It's been 20 years since Iniki and there have been plenty of
other storms all over the world at resorts with similar construction that are
right on the ocean and I've never heard of anything like this.

They also may have been under funded. I'm no resort manager or accountant
so I don't know what you would need to have extra but even 30 million would
seem like a lot to have sitting around and that's only half what they need here.

Closing the doors may have been another option.

[rondiware Junior Member Find all posts View Profile Close rondiware]

Yes, the owners are looking into a class action suit.....Working with lawyers, the attorney general's office in Hawaii. So far, Diamond Resorts is not interested in talking to any owners, except to say we MUST pay or loose our good credit rating. PERIOD. rondiware in Washington State

[catwgirl Contributor - Bronze Find all posts View Profile Close catwgirl]

I can't imagine that Diamond would actually think many owners would pay this. I have to wonder if this is an intentional move to have owners default and then Diamond can take ownership and maybe sell the resort.

[T. R. Oglodyte Moderator Find all posts View Profile Close T. R. Oglodyte]

Yes, the owners are looking into a class action suit.....Working with lawyers, the attorney general's office in Hawaii.

I've not seen information on this. Do you have any links to where other people can go to learn more about those activities?

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

loose vs lose

loose vs lose

Loose is an adjective. If something isn't fixed properly or it doesn't fit, because it's too large, it's loose.
For example:-
My headphones weren't working, because a wire was loose.

Lose is a verb that means to no longer possess something because you do not know where it is, or because it has been taken away from you.
For example:
A lot of people will lose their job if there is a recession.
My husband is always losing his keys.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

How many owners will turned back their timeshare to the developer? Who will be the winner and the loser at this resort. Suppose a third of the owners say enough is enough and turn back their timeshare back to Diamond.

Post #11

[T. R. Oglodyte Moderator Find all posts View Profile Close T. R. Oglodyte]

How many owners will turned back their timeshare to the developer? Who will be the winner and the loser at this resort. Suppose a third of the owners say enough is enough and turn back their timeshare back to Diamond.

The letter from the HOA Board says the budget includes and allowance for anticipated owner defaults. Though I'm not sure how that is there when the assessment * number of deeds = estimated project cost.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Point at Poipu was nearing completion and had just started sales (as a whole ownership project) when Iniki hit. The resort was severely damaged by Iniki, and the developer couldn't rescue it. Holland America and Signature Resorts (Signature Resorts became Marc Resorts, and Marc was bought by Sunterra) rescued the project, getting approval from the Kauai County Council, to rezone the property to resort from residential so they could sell it as timeshare. The County was anxious to get the project going and eliminate the eyesore. so they agreed to the rezone.

IIRC - the newer LBR buldings are woodframe construction. If so I would expect the same issue to be present at LBR. Though if the buildings were constructed after Iniki they may have been spared damage.

****

At the resort HOA webage they have posted some photos of the damage. There's some very significant damage underneath the exterior cladding - metal structural ties that are very heavily corroded. It's pretty ugly.

When we were there, we were told it was purchased from a Japanese group. In '99 it was the Emassy @ Poipu.

Iniki hit September 11, 1992. I see a registration in '91 for Marc Resorts:

MARC RESORTS GROUP
TEMPORARY NAME
General Information
TEMPORARY NAME MARC RESORTS GROUP
FILE NUMBER 52308 T8
STATUS Expired
DATE Dec 23, 1991

The Point at Poipu was registered in 2006 and expired in August.

I don't see any soon-post-iniki registrations.

No big deal. It is what it is, another tangled web.

[JLB Please excuse me, I'm a Dick. Not a moron just a Dick Find all posts View Profile Close JLB]

Closing the doors may have been another option.

Maybe they don't close properly now.

[taffy19 Gold Contributor Find all posts View Profile Close taffy19]

I owned at Poipu since 1996. Just received my assesment...$14,732!!! This does not count my Maintenance fee. They will allow me to pay $4000 Jan.1 +maintenance and put the rest on easy pay! I am so angry and told them my paradise turned into hell. I also said that they should have condemned the place. Was also told that Diamond Resorts was putting in 10 million. Did not make me feel any better. Would be interested in knowing how other owners feel.

Oh my goodness. That is a steep price to pay for any timeshare's special assessment. You must own three of them.

Is it not covered by insurance at all? If it is an act of God, they may not have to cover it. We had this happen at one of our resorts and most of us paid the money. I don't remember how much it was because it is so long ago.

Starting a class action lawsuit will only cost you money at the end (remember RCI) and these type of attorneys walk away with most of the loot. JMHO. What does the board recommend? Contacting the attorney general's office in Hawaii and see what they have to say may be a better idea and take it from there.