When did the Sunterra buy-out occur?
It began early in 2007 and was finalized last fall. DRI already was making changes and influencing actions before then.
Q - Was Sunterra points based?
Sunterra had various types of ownership.
1. Some owned one or more deeded weeks in a Diamond Resorts
timeshare resort. They have to make trades through RCI or II.
2. Some who own deeded weeks have joined THE Club. This was the way THE Club (originally Club Sunterra) began, and is no longer available for becoming a member of THE Club. Each Jan 1 they get a previously agreed number of points for their week(s) which they can use to trade in THE Club or directly with II.
3. Some have ownership in a Trust instead of deeded week(s).
Most new members are in a Florida trust, but there are two others.
4. Some have a combination of the above. For example, they have
deeded week(s) in THE Club and also are in the Trust.
For those in THE Club:
1. Those in the Florida Trust can use their Trust points to make
reservations 13 months in advance at one of the 20 resorts that
are in the Trust. That number is growing.
2. Those with deeded weeks can make reservations 12 months in
advance at the timeshare resort where they own.
3. Reservations at timeshares that don't qualify for 1 or 2 can
be made 10 months in advance.
Q - In either case, they changed your ownership over to an
equivalent amount of DRI points?
A - Only those in Club Sunterra were changed to THE Club, which
for those in the US uses the same number of points as did Club
Sunterra. There was a conversion for those in the UK, since I
believe 650 points there was the same as 6,500 points here.
Q - How long after the official buy-out occurred did they begin
to use only the one system?
A - For those with points, the change was seamless.
Q - What other resorts/timeshare systems/corps has DRI bought
out?
A - DRI added about 15 resorts earlier this year, but nothing
was said about them buying out a company like Bluegreen. Sunterra had previously purchased Epic.
Q - Are you able to go to any of the 110 or so DRI properties?
A - Yes, as long as there is availability. There is no exchange fee when trading within DRI. We have the usual II exchange fee when we trade on II with DRI points.
Q - To become a DRI owner, did you have to purchase some DRI
points?
A - I did not. I know that people who want to purchase a newly
purchased timeshare they bought on the re-sale market may have
to purchase DRI points. I say may since the first answer I
received indicated otherwise, but a later answer says such is
necessary.
It began early in 2007 and was finalized last fall. DRI already was making changes and influencing actions before then.
Q - Was Sunterra points based?
Sunterra had various types of ownership.
1. Some owned one or more deeded weeks in a Diamond Resorts
timeshare resort. They have to make trades through RCI or II.
2. Some who own deeded weeks have joined THE Club. This was the way THE Club (originally Club Sunterra) began, and is no longer available for becoming a member of THE Club. Each Jan 1 they get a previously agreed number of points for their week(s) which they can use to trade in THE Club or directly with II.
3. Some have ownership in a Trust instead of deeded week(s).
Most new members are in a Florida trust, but there are two others.
4. Some have a combination of the above. For example, they have
deeded week(s) in THE Club and also are in the Trust.
For those in THE Club:
1. Those in the Florida Trust can use their Trust points to make
reservations 13 months in advance at one of the 20 resorts that
are in the Trust. That number is growing.
2. Those with deeded weeks can make reservations 12 months in
advance at the timeshare resort where they own.
3. Reservations at timeshares that don't qualify for 1 or 2 can
be made 10 months in advance.
Q - In either case, they changed your ownership over to an
equivalent amount of DRI points?
A - Only those in Club Sunterra were changed to THE Club, which
for those in the US uses the same number of points as did Club
Sunterra. There was a conversion for those in the UK, since I
believe 650 points there was the same as 6,500 points here.
Q - How long after the official buy-out occurred did they begin
to use only the one system?
A - For those with points, the change was seamless.
Q - What other resorts/timeshare systems/corps has DRI bought
out?
A - DRI added about 15 resorts earlier this year, but nothing
was said about them buying out a company like Bluegreen. Sunterra had previously purchased Epic.
Q - Are you able to go to any of the 110 or so DRI properties?
A - Yes, as long as there is availability. There is no exchange fee when trading within DRI. We have the usual II exchange fee when we trade on II with DRI points.
Q - To become a DRI owner, did you have to purchase some DRI
points?
A - I did not. I know that people who want to purchase a newly
purchased timeshare they bought on the re-sale market may have
to purchase DRI points. I say may since the first answer I
received indicated otherwise, but a later answer says such is
necessary.
Comment