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At Oceancliff resort in Newport, R.I. D.H. almost had a stroke! Uniits are to be completely redone. I sure hope they look good when complete!
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WOW!
I do hope they will spread the costs over a few years as they did at Cape Winds.
Lawren
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There are many wonderful places in the world, but one of my favourite places is on the back of my horse.
- Rolf Kopfle -
They should hire trading spaces, they could do it for $1000.
Seriously, though, considering that there are 52 owners for each of the units, that is alot of money for redecorating.
Tanya
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Look at my post under General Timesharing heading.Comment
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Mav:
What unit and week do you own. I own Week 9, Unit T-39. Ibought it for $300.00. After the assesment itwillstill be worth $300.00(if I lucky). I'm thinking of bailing out. If enough do the TS will go under. As of now only about 1900 of the 2288 shares are paying.Comment
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Reminds me of the "good old days" at Marriott Streamside Vail when I had to pay nearly that, and for a dinky studio size. Oh, and I owned two weeks there at the time. Egads...that was a pain.
"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed and those who are cold and are not clothed."
-- Dwight D. EisenhowerComment
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Hi Ebram,
I own a week 36. I trade it with II and have gotten REALLY excellent exchanges with it over the years. One of them was for a Sept. week in 2005 for Marriott's I'lle de France . Many other VERY nice exchanges also. I am trying to be positive about this hefty assessment. Oceancliff is in such a beautiful location that I have always felt that if it was upgraded it would really be something. What exchange company do you exchange yours with? I have heard that with VRI priority in RCI it exchanges nicely, but II has been giving me such good exchanges with mine that I give it to them every year. I don't think a week 9 in II would be very good . If I was you I would exchange it thru RCI because of the VRI priority. Get a list of all the VRI resorts, see which of them would a good exchange for you, and put in a search for them.
My husband almost had a coronary when he heard $2000. I just reminded him about some of the great exchanges we got with it. At the moment that is NOT helping him! As for me, I am really trying to be positive.Comment
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Mav:
But what if a lot of people don't pay the assessment and stop paying MF as well. Already only 1988 of the units pay MF out of 2288.Comment
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Mav, I think you misunderstand how VRI priority works. To get VRI priority into a red week, you must trade a red VRI week. Week 9 at Oceancliff is blue; therefore, it will have only priority for VRI blue weeks. Trade priority for VRI blue weeks is basically useless. Many of the most desirable VRI resorts don't even have blue weeks.Originally posted by mav
I don't see any scenario where a blue week at this resort is going to have good trade power. I suppose II might offer at least something decent, since they don't care as much about demand, but I'm still not sure the week would be worth $2000.
Ebram, I don't blame you for not wanting to pay this special assessment. I certainly would not pay $2000 for a week 9 at that resort. Have you discussed this with your HOA? And, do you have a particular reason for wanting week 9, or would you prefer a week during a warmer time period? I'm thinking that you are probably right that many owners will default rather than pay this assessment. Perhaps you could offer the HOA that you will return your week 9 and pay the special assessment if they will give you a red week in exchange. I suspect that even some red weeks, especially in April or October, will be returned, given the size of this assessment. Any red week should get VRI priority, no matter how off-season the red week is. However, now that VRI has bought ORE, I'm not sure how long VRI priority within RCI will even be around.Comment
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Thank you for clarifying VRI priority. As I said, I always bank my unit with II because of the exchanges I receive. It was a suggestion I happened to think of for Ebram to try. I do remember stopping at Oceancliff a few years back while I was in the area and an owner there told me they always exchange their off season week for a summer back into Oceancliff with RCI.Comment
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It's hard to get good information on how VRI priority works. It's a shame that VRI doesn't seem to write it down anywhere. In order to find out about VRI Priority, I've had to ask several people about it, including staff at VRI and Madge on the Ask RCI forum at TUG.Originally posted by mav
As for the people you met who traded their offseason weeks for summer weeks, I'm wondering just when in the offseason they owned. Almost all of April and October, plus all of May and September, are red weeks at Oceancliff, so those would get the VRI priority for red weeks. It's that sort of week -- not in summer, but still officially red -- that I'm thinking Ebram should ask for.Comment
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That does sound like a very good idea that you mentioned to Ebram. It sounds as though you have 1st hand experience with the VRI priority, which I don't. Hopefully that would work nicely for her and turn a bad situation into something good.
I am very happy with the exchanging power of my week 36, and that is not summer red. About 6 months ago I actually got a match on a search I had started 2 days before into Marriott's Fairway Villas near Atlantic City checking in on Sept. 3rd. I turned it down because the rep had started the search for the wrong date and I was already going to be somewhere the week of Sept. 3rd. I still thought WOW! What a nice trade! I am sure I would never get DEEP RED exchanges into marriott's with it, but the ones I am getting are certainly good. May, June and Sept. are 3 of our favorite months to travel especially to Europe. Oceancliff trades very nicely into Germany and Austria which are 2 of our favorite countries. I have seen deep red units into them.Comment
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Originally posted by katmandu
This information is not correct. The Foxrun special assessment was $500 total...payable over three years at $167 per year.
SteveComment
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Steve is correct. And some who bought recently only had to pay a third of that special assessment, since 2/3 had been paid by the prior owner. Foxrun was in dire need of a complete overhaul and that upgrade was long overdue. I just wish they hadn't started simultaneously raising maint fees $50 each year for several years. That's what made it so hard for longtime owners there to swallow and one reason why so many free or nearly free weeks were available on the resale market for awhile.Originally posted by Steve"Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed and those who are cold and are not clothed."
-- Dwight D. EisenhowerComment
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What happens if one doesn't pay the assessment? What is worse case scenario?
My timeshare is not worth anywhere the $2000.00, either before or after the renovation. To wit:you can buy a renovated Wellington for $100.00 or less even after the renovation. The same goes for Newport Overelook.Comment
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