Request for Advice for OIRC and Fairfield Glade owner

[vanillabean]

My father added me to his Club Wyndham membership after my mom passed away in 2010, as she used to manage the account. He said that if I would figure out how it works and use it, then he would continue to pay for it. I have since assumed responsibility for the payments. I am wondering what my options are in light of Wyndham's plans to close or get rid of Fairfield Glade and OIRC, both locations where we have ownership.
This is what we own:

• 126,000 points at OIRC, converted fixed week
• 154,000 points at Fairfield Glade Nottingham Villas UDI, Biennial even
• 308,000 points for 2 PICs for Massanutten fixed week

These are all developer points, so we are VIP Gold grandfathered when only 500k points were required.

Neither I nor my dad have heard anything from Fairfield Glade.
I received the OIRC notification of the August 5 meeting and proxy ballot. I registered for the August 5 meeting, but I am considering going ahead and submitting my ballot, which is due at 5pm ET.

I am ok with keeping the points for the properties that are going away if that is an option, and our maintenance fees stay the same or go down. If they increase, I would have to consider how much of an increase it would be. Once I learned how to use the timeshare points to deposit, I have booked many vacations for my family, and I have been able to invite other family friends to go along with us to Disney World, Hawaii, NYC, just to mention a few places. The memories we have made are priceless! On the other hand, this would be a great way to be rid of the ownership without any effort, LOL.

I have many questions, but these are my main ones:

1. If I were wanting to get rid of OIRC anyway, is voting Yes on the 3 items on the ballot for the OIRC meeting the easiest course of action for me? I would like the option to consider keeping the Wyndham points as CWA points.
2. What happens to our VIP Gold status if we are able to keep the same points from both properties but convert to Club Wyndham Access?

I have always received such great advice and information from TUG members. Thanks for any help!

 

[Rolltydr]

I own at FG and my mf’s are $9.10/1,000. There are multiple HOAs there so yours might be lower. CWA is $8.13 without Plus Partners program fee, $8.88 with it. So, your mf’s going into 2026 would probably be about the same, possibly slightly lower. I don’t know about OIRC but others here should be able to help.

 

[chapjim]

My father added me to his Club Wyndham membership after my mom passed away in 2010, as she used to manage the account. He said that if I would figure out how it works and use it, then he would continue to pay for it. I have since assumed responsibility for the payments. I am wondering what my options are in light of Wyndham's plans to close or get rid of Fairfield Glade and OIRC, both locations where we have ownership.
This is what we own:

• 126,000 points at OIRC, converted fixed week
• 154,000 points at Fairfield Glade Nottingham Villas UDI, Biennial even
• 308,000 points for 2 PICs for Massanutten fixed week

These are all developer points, so we are VIP Gold grandfathered when only 500k points were required.

Neither I nor my dad have heard anything from Fairfield Glade.
I received the OIRC notification of the August 5 meeting and proxy ballot. I registered for the August 5 meeting, but I am considering going ahead and submitting my ballot, which is due at 5pm ET.

I am ok with keeping the points for the properties that are going away if that is an option, and our maintenance fees stay the same or go down. If they increase, I would have to consider how much of an increase it would be. Once I learned how to use the timeshare points to deposit, I have booked many vacations for my family, and I have been able to invite other family friends to go along with us to Disney World, Hawaii, NYC, just to mention a few places. The memories we have made are priceless! On the other hand, this would be a great way to be rid of the ownership without any effort, LOL.

I have many questions, but these are my main ones:

1. If I were wanting to get rid of OIRC anyway, is voting Yes on the 3 items on the ballot for the OIRC meeting the easiest course of action for me? I would like the option to consider keeping the Wyndham points as CWA points.
2. What happens to our VIP Gold status if we are able to keep the same points from both properties but convert to Club Wyndham Access?

I have always received such great advice and information from TUG members. Thanks for any help!

WRT Orlando International, I think the collective "wisdom" here on TUG is that the results of the August 5 ballot will be approval of entering into bankruptcy (to facilitate the sale) and eventual sale of the entire property. "Certain members" in the proxy are presumed to mean Wyndham.. Voting yes supports bankruptcy and sale but in reality, may not make any difference if, as is suspected, Wyndham holds enough votes.

I have not seen anything about the Orlando International resulting in a swap for CWA points. That seems to be part of some of the other closures and it could be part of the Orlando International as well.

I don't really need 350,000 CWA points so I expect I'll just hold on and see what happens.

 

[paxsarah]

I have not seen anything about the Orlando International resulting in a swap for CWA points. That seems to be part of some of the other closures and it could be part of the Orlando International as well.

It’s mentioned in the one official generic statement from Wyndham corporate, so I would assume it’s going to be offered to owners at any resort currently going through this process.

 

[Sandi Bo]

I don't own any of the affected properties and can't speak to what to vote (or not) for. But.... seems you have a good handle overall on your account and have the details (on your side) that you will need to make a good decision (once you know, as best you can, what Wyndham is going to offer from their side). You brought up some great considerations / things people will want to keep in mind as things unfold. * You want to retain your grandfathered Gold and * You don't want your PICs messed up in the process. I would think all will be fine, but I'd want to confirm (get in writing if at all possible) when the time comes that you end up as expected. Hopefully they offer a CWA swap and the maintenance fees are lower (or at least similar) and you are left whole/as is.

I always say do your research, make your best guess at what is going to happen (because with Wyndham we never really know and they are not know for consistency), plan for the worst and hope for the best. Based on the (limited) information and tons of speculation around this, I'd sit and wait and see what happens, I think you are sitting good / have as best a handle on this as you can!

 

[cathyil21]

It’s mentioned in the one official generic statement from Wyndham corporate, so I would assume it’s going to be offered to owners at any resort currently going through this process.

I own at OlRC I think I missed where it talks about cwa points in the paperwork I received

 

[paxsarah]

I own at OlRC I think I missed where it talks about cwa points in the paperwork I received

It's the general statement about the situation by Club Wyndham corporate, not the HOA-specific mailing. However, there's nothing to indicate any of these locations would be excluded from this offer. Technically, until the vote has taken place there's no offer to be made, but I assume it would come later.

"Owners in good standing at these transitioned resorts will be offered the opportunity to swap their current inventory for equivalent Club Wyndham Access points at no cost to the owner. This way, owners can continue to enjoy their ownership benefits, or they may choose to receive their share of the sale proceeds for their ownership interest."

Important Resorts Update — Club Wyndham

As we strive to deliver the highest quality vacation experiences, we are making some changes to the Club Wyndham resort collection.

clubwyndham.wyndhamdestinations.com

 

[cathyil21]

It's the general statement about the situation by Club Wyndham corporate, not the HOA-specific mailing. However, there's nothing to indicate any of these locations would be excluded from this offer. Technically, until the vote has taken place there's no offer to be made, but I assume it would come later.

"Owners in good standing at these transitioned resorts will be offered the opportunity to swap their current inventory for equivalent Club Wyndham Access points at no cost to the owner. This way, owners can continue to enjoy their ownership benefits, or they may choose to receive their share of the sale proceeds for their ownership interest."

Important Resorts Update — Club Wyndham

As we strive to deliver the highest quality vacation experiences, we are making some changes to the Club Wyndham resort collection.

clubwyndham.wyndhamdestinations.com

So if the sale goes through we can opt to take a share of the sale & walk away?

 

[vanillabean]

I don't own any of the affected properties and can't speak to what to vote (or not) for. But.... seems you have a good handle overall on your account and have the details (on your side) that you will need to make a good decision (once you know, as best you can, what Wyndham is going to offer from their side). You brought up some great considerations / things people will want to keep in mind as things unfold. * You want to retain your grandfathered Gold and * You don't want your PICs messed up in the process. I would think all will be fine, but I'd want to confirm (get in writing if at all possible) when the time comes that you end up as expected. Hopefully they offer a CWA swap and the maintenance fees are lower (or at least similar) and you are left whole/as is.

I always say do your research, make your best guess at what is going to happen (because with Wyndham we never really know and they are not know for consistency), plan for the worst and hope for the best. Based on the (limited) information and tons of speculation around this, I'd sit and wait and see what happens, I think you are sitting good / have as best a handle on this as you can!

Thanks! I am going to "plan for the worst and hope for the best" and what @chapjim said, "hold on and see what happens."

 

[vanillabean]

It's the general statement about the situation by Club Wyndham corporate, not the HOA-specific mailing. However, there's nothing to indicate any of these locations would be excluded from this offer. Technically, until the vote has taken place there's no offer to be made, but I assume it would come later.

"Owners in good standing at these transitioned resorts will be offered the opportunity to swap their current inventory for equivalent Club Wyndham Access points at no cost to the owner. This way, owners can continue to enjoy their ownership benefits, or they may choose to receive their share of the sale proceeds for their ownership interest."

Important Resorts Update — Club Wyndham

As we strive to deliver the highest quality vacation experiences, we are making some changes to the Club Wyndham resort collection.

clubwyndham.wyndhamdestinations.com

Thanks for mentioning that. I was not aware that Wyndham had issued it.

 

[vanillabean]

So if the sale goes through we can opt to take a share of the sale & walk away?

That's the way I read it. I guess we'll find out.

 

[bellesgirl]

At the OIRC meeting on Aug 5, the vote to take the bankruptcy and sell the resort passed with 97%+ majority. Similar results for the other measures. Apparently, Wyndham will offer the option of taking CWA points in lieu of a portion of the sale proceeds. Each owner can make the decision that works best for them. Ofcourse, no one knows how long the sale process will take, nor how much the resort will sell for. Best guess was each owner might get around $4K per week. I would be thrilled with that.