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

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

Next steps

I'll be at the Maui property in November...taking a tour. I have every intention of trying to give my timeshare away while I'm there. Also, as a backup plan, I'm sending RICO the complaint form.

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

The Sheraton was (and most likely still is) having major renovations being done at their Poipu resort when I was there this past April. This is a sign of things to come for The Point at Poipu. You can search on the web and find peoples reviews of that situation. Based on some recent reviews at Tripadvisor, looks like The Sheraton was being understanding to their (Hotel) customers, and giving nice reduced package deals, and other deductions, upgrades, and rebates for people staying during these renovations. I'm not sure, but I think that property is a mix of hotel and timeshare. Anyone know if that is correct? If it is part timeshare, I would like to know how Sheraton handled that renovation project with the owners, and why it's being done. Sheraton had a good portion of the resort closed, and the buildings on the ocean side of the resort completely covered with construction tarps and scaffolding. Some pools had been drained, and all the ocean side food outlets, bars, and shops are closed. It is was quite extensive.

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

The Kauai Sheraton is a hotel only. The Kiahuna Plantation Condos are next door. The ocean side is scheduled to re-open Nov. 2011.

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

The property that this resort sits on is owned by the deeded owners. Points owners have their ownership through the trust. Could DRI be trying to push out more of the deeded owners to get control of that. The Grand Hyat leases the property they sit on. Another great sunrise today at the point.

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

The property that this resort sits on is owned by the deeded owners. Points owners have their ownership through the trust. Could DRI be trying to push out more of the deeded owners to get control of that. The Grand Hyat leases the property they sit on. Another great sunrise today at the point.

One DRI property where DRI succesfully pushed out the deeded owners was Wychnor Park in the UK. Their predecessor Sunterra pushed out the deeded owners at Club Britannia in the UK and subsequently sold it for a big profit. DRI also pushed out a small points club at Thurnham Hall and there is some concern that the deeded owners there may be next.

So, the short answer is that DRI has shown themselves quite capable of pushing out deeded owners when it suits their agenda.

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

I think it's a great idea. It gives the owners a choice. I'd be more willing to reinvest in a new property. The current option isn't much of a choice. I pay this outrageous assessment and just cross my fingers that they don't have/find some other major issue in the future.

I'm hoping my parents will attend the SF meeting, as they live there. They're actually at the resort as I type this-I can't wait to talk with them when they return.

Lastly, our close friends are high profile contract attorneys. They are going to review all of the information for us-not that it will result in anything, but they seem interested in the fact that they still actively sold at the resort without disclosing this information.

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

I think it's a great idea. It gives the owners a choice. I'd be more willing to reinvest in a new property. The current option isn't much of a choice. I pay this outrageous assessment and just cross my fingers that they don't have/find some other major issue in the future.

I'm hoping my parents will attend the SF meeting, as they live there. They're actually at the resort as I type this-I can't wait to talk with them when they return.

Lastly, our close friends are high profile contract attorneys. They are going to review all of the information for us-not that it will result in anything, but they seem interested in the fact that they still actively sold at the resort without disclosing this information.

Perhaps the state Real Estate Commission would be eager the hear the last bit.

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

I think it's a great idea. It gives the owners a choice. I'd be more willing to reinvest in a new property. The current option isn't much of a choice. I pay this outrageous assessment and just cross my fingers that they don't have/find some other major issue in the future.

I'm hoping my parents will attend the SF meeting, as they live there. They're actually at the resort as I type this-I can't wait to talk with them when they return.

Lastly, our close friends are high profile contract attorneys. They are going to review all of the information for us-not that it will result in anything, but they seem interested in the fact that they still actively sold at the resort without disclosing this information.

Please keep in touch as I am following this for my Parents as well.

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

OWNERS - Please join this facebook page to help unite us! I will be assisting the current owner's group in tracking down and recruiting current owners!

https://www.facebook.com/pages/Point...48027451960608

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

I think it's a great idea.

That reminds me of golf league yesterday. We were playing a gimicky game, one where all four of us each had to play and finish with special, marked balls given to us at the start (each of us play one ball all the way around, without losing it). I had devised a strategy, and when we were heading to the first whole I asked the guy I was riding with (one of the original member alpha males): "I have an idea on how to play this game . . . ya wanna hear it?"

"No, since it's not my idea!"

He was joking. We did my strategy and finished with all four balls.

If everyone would just do what I think they should, they would have a lot fewer problems.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

I feel the same way. We've owned here for quite some time and went on another "update tour" in July. We hadn't been to an "informational session" in quite some time and decided to hear what they had to say and pick up some Ohana Bucks in the process. They never mentioned anything to us about this upcoming assessment.

That is particularly surprising as they were more than happy to proclaim that another resort WOULD have a special assessment (for massive unit upgrades) and people needed to buy to avoid it when in fact the plan was, and is, to pay for that work through the planned reserves collected over time.

Seems they want to say whatever they feel will sell - again only the paperwork REALLY tells what you are getting (and even that won't tell you how bad a hit you'll take on the "value" the day your rescind rights end).

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

Revived website group

Conrocks
The Point at Poipu website CDOPP Home Page
is alive and ticking.
Some setbacks but it is getting updated and member list is growing.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

For me as an owner, its become crystal clear Diamond is now displaying true colors when faced with a financial issue at a property. They know they have the owners in a position of pay or default. They've made their problem our problem and are only reaching in our pockets to solve it. For me, my first efforts will focus on internet information sharing and handing out informational flyers at all Diamond sales locations. I feel compelled to provide information to prospective buyers so they know what to expect if they have the misfortune to deal with Diamond. They only care about bottom line so its time they felt some of the pain they are inflicting on owners.

How is it Diamond's problems but not the OWNERS? If this thread is to be believed Diamond is merely a large but minority owner. They are paying their share & they have to, as the management, bill the OWNERS for the rest.

IF you don't like who is on the Board or who manages then vote them out. That is your right. As long as this Board serves they are taking the steps they believe are needed to protect the resort. No matter who they are they are your representatives until YOU the OWNERS vote them out.

As Carolinian has said it can & has been done at other resorts. But this Board has the obligation to correct a known problem - just as any new incoming Board would also have to do. If they got 4+ bids they have proof they got the best available price.

Don't let emotion get the best of you. No matter what the Board does the owners hold the ultimate say. But if they don't take united action to change then you get exactly what you vote for. Don't look for excuses - "we can't get the owners list" - look for real answers. Again, if you are serious, it can be done. But it will cost - as in $200K I'd guess as a minimum based on similar challenges I saw in 1999-2001 at another resort. It would have been MUCH higher except the sides reached a very satisfactory settlement.

Just complaining about what is being done - or the tone of presentations - may make you feel better but does zero to change anything. Either spearhead the opposition or support someone willing to do so - that is the only real way to change things. And it won't change the need to make the repairs and/or rebuild all of which will likely cost the current $65 million or more regardless of who sits on the Board. Don't lose sight that the damage isn't imaginary - it's very real and very costly to correct or replace.

As always I wish all the owners the best and hope they can save their resort or sell it if that is what they prefer. But it is in the owners hands.

[timeos2 Senior Member Find all posts View Profile Close timeos2]

Lastly, our close friends are high profile contract attorneys. They are going to review all of the information for us-not that it will result in anything, but they seem interested in the fact that they still actively sold at the resort without disclosing this information.

I haven't seen the actual documents but the owner post a couple pages back about the meeting states that it IS in those papers (as I suspected) - Section 4.1.

There is no requirement that they speak of any assessment as long as it is clearly disclosed. Buyers are told clearly that the documents rule and they NEED TO READ THEM! If they don't that doesn't change the fact that the legal requirements were met.

Does anyone actually think DRI LIKES this assessment? I'm positive they would prefer it never came to this. They are owners too and paying their large share just as every other owner is.

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

I haven't seen the actual documents but the owner post a couple pages back about the meeting states that it IS in those papers (as I suspected) - Section 4.1.

There is no requirement that they speak of any assessment as long as it is clearly disclosed. Buyers are told clearly that the documents rule and they NEED TO READ THEM! If they don't that doesn't change the fact that the legal requirements were met.

Does anyone actually think DRI LIKES this assessment? I'm positive they would prefer it never came to this. They are owners too and paying their large share just as every other owner is.

No I don't think DRI wants to pay for repairs for the inventory they own. I would like to give them the benefit of the doubt. But I don't like paying for something in little over 2 years for something that will take 5 years to complete. I have never contracted for something where I pay everything up front. Part is held aside till the job is done. I would like the courtesy of being kept up to date by the managing company. This thing just came out of nowhere for us. As I said in previous post we just learned about this last week. If we would have been home we probably would have gone to that meeting. We are at the Point now and there are plenty of owners here that feel the same way. It is a beautful resort and we would like to enjoy it in the future. If you come here you can see what they plan to do, they just put some exhibit up of the details. Somebody is getting rich off this deal.