Northwynd Resort Properties - Fairmont Rancho Banderas Time Share Fraud
Below is a news article about the financial state of Fairmont Resort properties Ltd:
Press release — Fairmont Resort Properties Ltd. – Northwynd Resort Properties
On March 30, 2009, Fairmont Resort Properties Ltd. was made subject to creditor protection under the Companies Creditor’s Arrangement Act “(CCAA”). This process allows the Company the opportunity to present a plan to restructure its obligations to the benefit of all stakeholders including secured and unsecured creditors, employees and customers. Fairmont time share owners are not affected by this plan of arrangement and continue with the rights their acquired at the time of their purchase.
The management of the facility, Fairmont Vacation Villas, is operated by Columbia Villa Management and is also not subject to the CCAA order. It operates independently of Fairmont Resort Properties Ltd.
Pursuant to the court order for the plan of arrangement, new management was appointed with Mr. Collin Knight and Mr. Doug Morcom not involved in the management at this time.
All debts of the Company at the date of the application were stayed awaiting court approval of Fairmont’s restructuring plan. All goods and services supplied by the Company’s customers since the date of the application are acquired and dealt with in the normal course of business.
Notwithstanding the situation of Fairmont Resort Properties Ltd., all timeshare owners will enjoy their vacation at Fairmont Vacation Villas this year and in the future without interruption.
More Information:
On March 30, 2009, Fairmont Resort Properties Ltd. was made subject to creditor protection under the Companies Creditor’s Arrangement Act, allowing them to be able to present a plan to restructure their obligations.
Readers can access an earlier CVNews article at Fairmont Resort Properties restructures debt : Columbia Valley News
Now, through a court-approved sale process, newly-formed Northwynd Resort Properties Ltd. has acquired Fairmont Resort Properties (FRP) in Fairmont Hot Springs, BC. FRP properties include Fairmont Vacation Villas and Lake Okanagan Resort in British Columbia, along with Makaha Resort and Golf Club in Hawaii, Costa Maya Reef Resort San Pedro in Belize and Fairmont Rancho Banderas in Puerto Vallarta, Mexico.
The purchaser will hold Fairmont Vacations Villas through Northmont Resort Properties Ltd. and will hold Lake Okanagan Resort Vacation Timeshare Properties through Lorwynd Resort Properties Ltd.
Patrick Fitzsimonds, CEO of Northwynd Resort Properties Ltd., has been involved in the capitalization and development of residential and resort-based real estate in the US and Canada for 30 years. Mr. Fitzsimonds is committed to delivering the highest standards of accountability and management services to vacationers, and in order to do so, he is enlarging the company’s executive team of industry professionals to assist the management of Northwynd and subsidiary resorts in the execution of their business plan.
The court approved the purchase on June 22, 2010. Legal title to the timeshare units will remain registered in the name of Carthew Registry Services Ltd. (the trustee), which is independent of Northwynd. So the timeshare rights that are, and will continue to be registered with the trustee, will remain fully protected from third party action. All timeshare agreements that are currently registered with the trustee will be assigned to either Northmont or Lorwynd, whichever the case may be, enabling the continuation of the resorts’ existing affiliations with Resorts Condominiums International.
Another Northwynd subsidiary, Resort Villas Management Ltd., will continue to manage Fairmont Vacation Villas and will soon begin to manage the timeshare operation at Lake Okanagan Resort as well. Their promise is to exceed the quality of management services that timeshare owners have experienced in the past.
The first part of the new plan will be to introduce a home owners’ association for both Fairmont Vacation Villas and Lake Okanagan Resort to promote good communication between timeshare owners and the management company, ensuring that owners will be consulted in the operation of their units and also be encouraged to provide input regarding the annual budgets.
A new website is presently being created to further the open communications policy of the company. They are also promising employees of Northwynd at both resort locations and also at the corporate offices in Calgary, the information and training they need in order to be able to give timeshare owners and guests the excellent service they expect and deserve, embodying the company’s mission to provide an exceptional vacation experience.
In a letter to all timeshare owners, Mr. Fitzsimonds says:
“Our goal is to earn your confidence and participate together with you in our various capital and operational initiatives to significantly improve our properties and your vacation experience. I sincerely hope that you share our enthusiasm, and I look forward to a positive future together.”
I have talked to Mr. Fitzsimonds on several occasions. He at first was pleasant, but as time has passed he has shown he is just a wolf in sheep’s clothing.
My first conversations with Mr. Fitzsimonds were to assessments lowered and remove the old staff from their positions. Mr. Fitzsimonds gave me the run around and told me over and over how sorry he was, but he was not going to do anything about it. He told me he was going to go over everything with Mr. Stychin and get to the bottom of things.
Well after Mr. Fitzsimonds met with Mr Stychin he really had nothing to say but that he would keep the same crooks to watch over our investments. Mr. Fitzsimonds has kept the complete staff of Fairmont Resort Properties! All the same people who treated us owners like second class citizens as they laughed in our faces and hung phones up on us.
Mr. Fitzsimonds at one time offered to buy back my timeshare for what I paid for it. I told Mr. Fitzsimonds that this would not be fair considering how much money was invested in it and also how much the cost of the timeshare has gone up. Mr. Fitzsimonds has quite taking my calls and has metamorphosed into the true weasel he is. I am sure from all the posts and blogs that I have read that Mr. Fitzsimonds and his cronies are connected and the same as the old company. Tell me why do I still pay my assessments to Resorts West Management? Why are all the corporate addresses the same? If you read the complaints you will also find that the crimes are not concentrated only on Rancho Banderas, but they spread to all the resorts under the Northwynd name. Justice will be served one day Mr. Fitzsimonds and your true self will be shown.
The Future:
I have received many emails asking to join a lawsuit. I am continuing looking for a lawyer to represent us. I am filing charges in Mexico and in Canada. I will be sending word out to the media and see if we can put a stop to this injustice. This company owns many time shares and I would not be surprised if their fraudulent dealings run deeper then Rancho Banderas. During this time of economic hardship it is unconscionable that a company would steal money from hardworking people. I am still baffled that this type of company is allowed to go on ripping people off. Everyone knows they are breaking the law, but nothing has been done. Please help us on our quest to bring this company to justice and send its management to prison where they belong.
This is a list of all the people form Rancho Banderas and Fairmont properties that should be prosecuted to the full extent of the law (I am sure there are more, but these are the only ones I have dealt with):
