bu11fr0g
newbie
- Joined
- Nov 23, 2016
- Messages
- 2
- Reaction score
- 1
- Points
- 1
- Resorts Owned
- Sapphire Resorts
Yeah, me and my wife foolishly bought a timeshare from Sapphire Resorts. Here are the details:
$13,000 purchase price, we get 20,000 pts per year. If we book within 60 days, our cost is 10,000 points for the booking. If we book within 30 days, our cost is 5,000 points for the booking. Yearly maintenance fees are about $1000 to $1200 a year currently. We also have access to non-prime time specials. You can rollover one year's worth of points if you pay a fee.
Two months after the purchase, we get the verification notice along with access to the "Staysapphire" website and rental spots, only to find out that where we wanted to stay each year, the Jockey Club in Las Vegas, costs between 29,000 and 36,400 points depending on the room size. Considering that a weekly stay at the Cosmopoliton (the hotel right next to and attached to the Jockey Club) costs only $800 a week to stay it's clear we got a bad deal. In addition, the Jockey Club appears to be booked 90 days in advance.. with the weeks that they said we could "resell" at a profit booked long.. LONG before we could even think about trying that.
However, you all might be able to show me a silver lining if there is one.. either something that might be worthwhile to sell to a new owner, or something else I might want to consider.
$13,000 purchase price, we get 20,000 pts per year. If we book within 60 days, our cost is 10,000 points for the booking. If we book within 30 days, our cost is 5,000 points for the booking. Yearly maintenance fees are about $1000 to $1200 a year currently. We also have access to non-prime time specials. You can rollover one year's worth of points if you pay a fee.
Two months after the purchase, we get the verification notice along with access to the "Staysapphire" website and rental spots, only to find out that where we wanted to stay each year, the Jockey Club in Las Vegas, costs between 29,000 and 36,400 points depending on the room size. Considering that a weekly stay at the Cosmopoliton (the hotel right next to and attached to the Jockey Club) costs only $800 a week to stay it's clear we got a bad deal. In addition, the Jockey Club appears to be booked 90 days in advance.. with the weeks that they said we could "resell" at a profit booked long.. LONG before we could even think about trying that.
However, you all might be able to show me a silver lining if there is one.. either something that might be worthwhile to sell to a new owner, or something else I might want to consider.