Sorry to hear about your situation there with the board. If true, then control of the resort has slipped into the clutches of Capital Vacations. Have owners been harassed by sales weasels to convert their weeks into Capital Points?
Before the closure, yes, Capital was pressuring owners to do so. At check-in, it was not so easy to circumvent signing up for one of their pressure sessions; we did attend one willingly because I was curious about Capital anyway, and sure enough, it was the same old BS, except worse -- very convoluted and confusing, the reps clearly didn't have enough information to coherently explain their program, and were very uneducated about timesharing in general, as well as exchanging and all that. Like they'd never heard of Trading Places, which I asked about and was already in process of being purchased by Capital.
After the closure, there have been a few phone calls and texts from Capital supposedly to that effect, but I haven't personally communicated with them because I never responded. There was a board meeting of sorts with owners on zoom after the closure, which I did "attend" online, and it was very strange because Capital was running and directing the meeting, and only allowing certain owner questions to be addressed. We've heard thru the grapevine that some of the board members have since resigned, I think including the president, but have very little information about whether/how they were replaced, or what the status is of the Owners Association. Is it dissolved or is it dissolving?? Are the owners who are still board members even still deed holders, which I believe is required? No one from Capital or the one retained employee of the Beach House is satisfactorily answering questions, or answering at all. Many many owners are beside themselves with frustration.
Many of us (but not even all owners!) received a mailing some months ago, giving some options to check. Options included ending ownership and surrendering deed for a payoff of $250 per deed ... or continuing to own our deeds and being responsible for 2024 MFs and probable future assessments ... or for a short period there was an offer to exchange one's deed for a "comparable" (unlikely) deed at Sands Ocean Club. That Sands offer apparently ended before some owners could get further info, or questions or inquiries answered -- and when owners first called Sands, their people didn't even know anything about this!!! Some owners replied to this Capital mailing, some didn't, and some owners said they needed more information, which never came. Since then, we've heard nothing.
We're not typical owners there. Most seem to be very long-term, original owners or descendents thereof, who are very attached to the group of dear friends and multi-generational extended family members who always gather at the same time every year, and they are very attached to the place itself. They are literally grief-stricken over this. For us, our timeshare ownerships including deeded weeks have mostly been a form of currency. We did enjoy this timeshare for its location, it was our very first ownership, which we ultimately passed onto another TUGger, and we intended our second more recent acquisition for personal use -- an anomaly for us.
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