Friar Tuck development to be sold at auction today.

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Friar Tuck auctioned today - The Business Review (Albany):

According to this article, it was scheduled to go on the block at 1pm.. The development had filed for chapter 11 back in June. I tried to leave a message for the agent who handled the auction, but his voicemail was full and rejecting new messages.

If anyone hears what the final result (and who the buyer was)- please share!

[bigfrank Administrator Find all posts View Profile Close bigfrank]

I was here and enjoyed myself, The spa was new and not expensive amenities were fun. Hope all goes positive would love to go back.

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

From what I was told, the sale should not have a direct impact on the owners association. However, I'm very interested to see what happens if a new developer and the association have trouble in the future with disagreements over the shared usage of the amenities. I believe the majority of the amenities were listed as being sold at auction- so that could be a source of concern.

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Update on the Friar Tuck proceedings....

The Daily Mail > News > Friar Tuck timeshare owners left in suspense

This is a long read, but it does give an update on the status. RCI and the resort are currently arguing over whether the exchange affiliation can be terminated. The property was sold at auction to Joey the Broker, but the sale has yet to complete since the funds haven't been produced yet.

No final determination has yet been made as to what amenities and services the timeshare owners will end up having access to when they use their week, but it appears that much of that will depend on what the new buyer does with the property.

I was amazed at the $385. quote for maintenance fees.. No wonder the resort had financial trouble!

[bigfrank Administrator Find all posts View Profile Close bigfrank]

Joey the Broker EH I wonder if he is the same guy as Joey I breaka you face.

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

New article with information on Tuck bankruptcy..

The Daily Mail > Archives > News > Tuck business sporadic as bankruptcy hearing looms

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Friar Tuck Inn in Catskill closes amid bankruptcty case - The Buzz: Business news - Capital Region business, industry news - timesunion.com - Albany NY


The hotel and conference center have now been closed.. The timeshare is still operating, but the owners will be impacted by the closure of shared amenities.

[Kay H Senior Member Find all posts View Profile Close Kay H]

Joey the Broker EH I wonder if he is the same guy as Joey I breaka you face.

[tonyg Goomba & Super Moderator Find all posts View Profile Close tonyg]

Frank, is there any way to get to the timeshare area without going thru the resort that was sold ?

[bigfrank Administrator Find all posts View Profile Close bigfrank]

Frank, is there any way to get to the timeshare area without going thru the resort that was sold ?

The Timeshares are in 2 area's 1 is right in front of the resort and 2 behind the resort where I was at,
Check in was at the lobby

Friar Tuck Inn in Catskill closes amid bankruptcty case - The Buzz: Business news - Capital Region business, industry news - timesunion.com - Albany NY


The hotel and conference center have now been closed.. The timeshare is still operating, but the owners will be impacted by the closure of shared amenities.

So what will happen to there Spa which IMO was a great asset to them plus the OTB and Restaurant,

[Glitter Brunello Super Moderator Find all posts View Profile Close Glitter Brunello]

The Timeshares are in 2 area's 1 is right in front of the resort and 2 behind the resort where I was at,
Check in was at the lobby



So what will happen to there Spa which IMO was a great asset to them plus the OTB and Restaurant,

This is part of the risk involved in timeshares that rely on services owned and managed by other entities. I wonder how many other timeshares offer OTB

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

Loch Rannoch Highland Resort in Scotland had a somewhat similar problem. They shared amenities with an adjacent hotel, owned by a company that managed both. Due to mismanagement of the timeshare, the HOA brought in a different management company and the old management retaliated by cutting off the timeshares from the amenities at the hotel. RCI teminated their affiliation, but the HOA worked with both DAE and SFX to keep an exchange option open for members. The timeshare is apparently prospering in spite of these problems.

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Hyatt Hacienda del Mar is dealing with a similar situation due to the closure of the adjacent hotel.

[bigfrank Administrator Find all posts View Profile Close bigfrank]

Hyatt Hacienda del Mar is dealing with a similar situation due to the closure of the adjacent hotel.

Wait please don't say that. I booked 4 rooms for next Year in Feb, This is in Cabo right.

[Glitter Brunello Super Moderator Find all posts View Profile Close Glitter Brunello]

Wait please don't say that. I booked 4 rooms for next Year in Feb, This is in Cabo right.

No I'm pretty sure that's Puerto Rico - it was a while ago, I was going to mention it, too.