What will Diamond do to Bluegreen?

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

Diamond Resorts (DRI) is privately owned, so there are no share holders to whom the CEO and others have to provide a profit. Of course, the CEO is the owner, or primary owner of DRI.

Since DRI purchased Sunterra last year there has been a constant upgrading of the timeshare units - better linens, bedding, mattresses, furnishings, etc. One resort, Sedona Summit, had some new construction delayed until DRI could make its input, and the new construction is much finer than the old, which was pretty good to begin with.

Owners of DRI property include:
1. Original owners or re-sale purchasers of individual units.
2. Owners as in #1 above who have put their units into THE Club and get points they trade through THE Club and II, and
3. Owners of points in a trust in THE Club.

The only current way into THE Club is option 3 above.

Let me know if you would like to know more.

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

The only current way into THE Club is option 3 above.

What? Do you mean the only current retail way into THE Club is option 3?

[sb1070 Member Find all posts View Profile Close sb1070]

It seems like there is a lot of overlap. I don't get it.

Does Diamond need more Florida and South Carolina resorts?

I know the answer is "Diamond does whatever is in its interests" but I don't see how this is.

When they make the sales pitch, wouldn't it be better to say "and we have premier resorts in Cabo, PV, Cancun" than to say "you guys in Georgia now have 30 resorts in driving distance!"

Oh well ...

IMO DRI is in desperate need of Myrtle Beach resorts.


Scott

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

How many of the 100+ resorts listed on the DRI page does DRI actually manage? I see a lot of the VI and Raintree properties listed that are not managed by DRI, and subsequently are not going to be benefiting from the DRI upgrades. How much inventory does DRI really hold in these non-managed properties?

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

If a person is not currently a member of DRI's THE Club, the only way to join it today that I am aware of is to purchase points in the trust. If the new members also owns a deeded week at a DRI resort he/she should also be able to put that week in THE Club and add points for that deeded week to their THE Club total.

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

So IF DRI gets BG and adds a couple hundred thousand new owners, where will they be in the DRI system? We they (we-me) be in THE Club, or some other level/rating/category within DRI? If you were a silver or gold member in BG, will you move into a certain level at DRI?

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

So IF DRI gets BG and adds a couple hundred thousand new owners, where will they be in the DRI system? We they (we-me) be in THE Club, or some other level/rating/category within DRI? If you were a silver or gold member in BG, will you move into a certain level at DRI?

Not without a price! I think this would be a great opportunity for DRI to “upgrade” us BG owners into THE Club by us purchasing some points and giving them a few thousand dollars.

I am a BG owner but also own a week at a sold out resort, which is now an RCI points resort. I will be there this Labor Day week and will probably do another update. I'm sure they will tell me again how worthless my week and/or mini club is and also why I should convert my week and my BG ownership to RCI points all for a mere +/-$3,000. The crazy thing is I might consider it this time. The more people they convince to convert means less inventory is available within the mini club (amazing how they come up with this). This is why others and I have held out.

It seems that developers like to keep us over a barrel. I think this sales method is a way to get some $$ out of us resale purchasers as well.

Does it ever end?

[dale7 Senior Member Find all posts View Profile Close dale7]

I would think that if you have BG then you would be like the Florida trust unless you want to join club to use the rest of the time shares in DRI.

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

I would think that if you have BG then you would be like the Florida trust unless you want to join club to use the rest of the time shares in DRI.

I think this is true but at the same time I would think that if current DRI club members pay the $$ to access the Bluegreen resorts it will limit availability for current BG owners unless they pay the $$ to DRI to join THE Club.

[dale7 Senior Member Find all posts View Profile Close dale7]

I think this is true but at the same time I would think that if current DRI club members pay the $$ to access the Bluegreen resorts it will limit availability for current BG owners unless they pay the $$ to DRI to join THE Club.

A BG person would get first choice for BG up until 10 months then the rest would be for the DRI Club and depending how many BG people join DRI Club.

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

I believe it has to be separate inventories, when and if BG members convert their BG ownerships to the Club then existing and new DRI members will be able to use those unit weeks. So really only thing that is at risk for BG owners who do not want to join the club is if many BG owners join the Club or MFs go up considerably. If many join the club it must be that DRI is offering value to their timeshare experience. As far as how the points will translate, don't you believe DRI will put a point value as viewed from DRI point currency on the BG resorts so we will have apples to apples and you will know what you are getting when and if you join the club.

[swirg53 Senior Member Find all posts View Profile Close swirg53]

I thought the post about 10 months out that DRI owners would have access to the BG inventory was a really interesting statement. Why would that be the case? or was this just hypothesis on your part?

Whatever happens, it will take alot of time for them to iron out those details. But I think the last post sounded most correct from what I have heard of previous buy-outs of timeshares and similarly how I know the UDIs at Christmas Mountain Village and Shenandoah Crossings work after they have sold back to BG for points.

As BG owners, our right to use (points) is assigned to a specific week(s) and unit(s) at a specific resort. I don't know the legality of it all but I suppose if the BG Vacation Club ceased to exist, they could possibly not allow us to have our points which can be used at multiple properties but rather only our fixed week(s).

I have only read one posting from one former Sunterra Resort owner as to whether or not maintenance fees increased after being bought out by DRI and that said the maintenance fees had not increased. I don't know what the timing was for when M/F are due with DRI and when they were due with ST, so a large increase may not even have been experienced last year but will be this year. That remains to be seen. I certainly hope my BG maintenance fees do not go up considerably. It's the only thing about timesharing that I don't like is the uncertainty of what maintenance fee increases there will be.

[fnewman Member Find all posts View Profile Close fnewman]

We are former Sunterra owners and Club Sunterra members, now reasonably happy DRI THE Club members - not perfect, but some substantial improvements in some areas. So far we have not seen huge across the board MF increases, although there have been some for maintenance at individual resorts just as in the past and there was an added fee this year for the Club membership.

It is interesting to see all the conjectures about the possible acquisition of BG by DRI, but based on the past and what is generally considered economic business practices, it is hard to believe the DRI would have a lot of interest in trying to run two different systems.

[swirg53 Senior Member Find all posts View Profile Close swirg53]

Thank you for your reply.

When did the Sunterra buy-out occur?
Was Sunterra points based?
In either case, they changed your ownership over to an equivalent amount of DRI points?
How long after the official buy-out occurred did they begin to use only the one system?

What other resorts/timeshare systems/corps has DRI bought out?

Are you able to go to any of the 110 or so DRI properties?

To become a DRI owner, did you have to purchase some DRI points?

Sorry to inundate you with so many questions since you were so willing to reply to the first question! It's like when you are on a committee, you suggest something and soon you are chairing that event!

No wonder no one suggests anything new and exciting in volunteer organizations..........they know they will be the first and foremost volunteer.

Susan

[swirg53 Senior Member Find all posts View Profile Close swirg53]

Also, was Club Sunterra members like being a Premier Bluegreen member, in that you get special benefits for owning a certain # of points?????