I am in a effort to be fair I am trying to explain some of the pros‘s and cons on our experience with the Bellaire.
I am not trying to tell anyone else to buy or not to buy, but just to put it briefly as possible to let you know what we experienced and learned this past September 2007.
We were down in PV on our anniversary staying in a resort we have interest in through a ownership in a differant vacation Club. We had always before gone to PV during New Years but had not been to PV for about 3 years.
We rescinded on a Bellaire Club trial package (and not a Full Club ownership) for 10 weeks mainly for the following reason the third day after signing and after having paid in full for slightly under $6,000 for 10 weeks usage at the Belaire or to the supposedly other high end resorts in that registry.
The formal name on our contract was “Contract of Purchase-Presale of a Membership entered by World Resorts Marketing Enterprises S.de R.L. de C.V. on Behalf of Belaire Golf & Spa and:
Later we noticed in reading over our paperwork this item
Quote “Article 5.2 “Quote Upon the dissolution of the Club, its assets, which DO NOT INCLUDE THE REAL PROPERTY, LAND OR BUILDINGS of the resort will be distributed to the members of the Club” Unquote
Excuse me but IMHO the buildings and land IMHO would be about 95% of the assets inherit value and the contents etc as a worsr case situation might require a special assessment to get rid of them.
If not for the terms of that Article 5.2 we might have not rescinded. If they changed that clause and offered a far smaller Trail package membership to test out and see if our expectations of what we were told were meet, we might still consider that type of smaller package.
I do not know if the non presale package regular Membership has the same clause in it as ours did.
If it does then the Regular Club Membership agreement IMHO does not seemingly offer much encouragement of getting much of your money back if as per Article 5.2 if the Club is dissolved.
The paperwork did not explain on how or what was needed to dislove the Club. We found that to be unsettling.
One reason Article 5.2 made us leery was that the Belaire spokespeople had made a big deal about pointing out the guaranteed completion bond that they said that they had to put up, but did not say anything about if the Club was sold or dissolved which we both found unsettling . It was in the paperwork.
Marcos was also our salesperson and he was very, very good and very professional and no high pressure tactics were used on us. This is the only time that we would have bought from a developer after having bought 50 resale timeshares, so that tells you how good he must be and how impressed we were with the one and only display unit that they had.
Of course he was :annoyed: unhappy that we cancelled and asked us to stop back in. We stopped out to give him our rescission the day after first sending copies of that same rescission by certified mail from a Puerto Vallarta post office that required a signature.
I had found out the next day after signing from another source that he had worked as a trainer the Mayan Palace Group in sales and in other areas. That concerned us a bit.
But he was one of the most professionally impressive timeshare sales people I have ever meet. After we rescinded he did mention that he did not think much of my writing skills after looking at our rescission paperwork that I had handed directly to him.
Dorota to her credit removed the charges from our credit card one day earlier than she said she would. We had paid in full for all 10 weeks. So that is a positive IMHO for their company IMHO.
The unit was very impressive and is by a golf course. It is one of the most impressive units we have seen in about 8 years of timesharing. The amenities service was after thinking about it for a couple of days IMHO was going to be over the top for the cost per week of under $600. That $600 would have been even lower if we would have cancelled our rescission as Marcos tried to get us to do with the few more incentives that he offered us.
One amenity was seeing that the resort's units were not on the resorts ocean frontage so you were supposely to have your own personal cart to drive over there. They are supposedly going to have 7 chefs.
The one unit they did have was quite something with unit divider moveable walls, personal pools and everything was over the top in regards to eye appeal, etc.
Like I said I am not casting aspersions on the integrity of the ownership. But ownerships lately in these past few years can change owners fairly quickly , etc and that
“Article 5.2 “Quote Upon the dissolution of the Club, its assets, which DO NOT INCLUDE THE REAL PROPERTY, LAND OR BUILDINGS of the resort will be distributed to the members of the Club” Unquote
is the clause that we were not happy with for the reasons previously explained in regard to protectuing our capitial.
I wonder about apparent coincidences.
I could not help note that after the OP’s first posting date 2 new posters who joined the BBS after the OP’s first post joined the Bellaire discussion.
I see that all of their posts only concern the Bellaire and updates on the progress the Bellaire may be making as per resort news letter. I hope things work out for all three of you and welcome to Tug.
I hope most of you found my post of some information value.
I my self will be checking from time to time over the next year or so to see when the units are finally completed and being used by the Club members.
I do wish the buyers and the resort developers good luck.
Bruce
