Wyndham is closing a handful of legacy resorts - dedicated chart/tracker located in the first post for this unfolding set of events

[RENTER]

and your point is?

Seriously you don't get my point after doubting me. Simply you are wrong again. Once again I shed no tears for you if your maintenance fees go up if enough VIP renters walk away. It is because of someone like you they choose foreclosure over giving them away.

Oh, by the way, you may not miss us, but non-VIP owners we shared our VIP discounts with will

 

[comicbookman]

Seriously you don't get my point after doubting me. Simply you are wrong again. Once again I shed no tears for you if your maintenance fees go up if enough VIP renters walk away. It is because of someone like you they choose foreclosure over giving them away.

Oh, by the way, you may not miss us, but non-VIP owners we shared our VIP discounts with will

Wrong how? you added a claim of an agreement with Wyndham, then talked about individual rentals. You claim Maint fees will go up without your group but provide ZERO evidence or reasoning to support this claim. The size you have claimed for your group is insignificant compared to the total number of owners. You have an amazingly inflated opinion of your own importance to Wyndham and other owners. Hell, you can't even be bothered to actually join TUGG, despite the fact that you keep making comments. You have provided nothing to back up your claims, have actually contradicted yourself a few times and add "new" information to plug the holes in what you post. I, and the other several hundred thousand owners will not miss your tears and will most likely be better off without you and your supposed group mucking around.

 

[CO skier]

Oh, by the way, you may not miss us, but non-VIP owners we shared our VIP discounts with will

= More availability for us as owners.

 

[Howieg]

For those who still want to go to jiminy peak, jiminyrentals.com is a direct site. Yes, def need to rebook points elsewhere, but we can still keep the jiminy ski tradition alive..

 

[Howieg]

Does anyone know how to find information on Wyndham selling the resorts after bankruptcy?

 

[HitchHiker71]

Does anyone know how to find information on Wyndham selling the resorts after bankruptcy?

We will provide these types of updates in the tracker table in the OP over time, to the extent that we can given people report this data into this thread or via DM.


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[comicbookman]

Does anyone know how to find information on Wyndham selling the resorts after bankruptcy?

Wyndham is not selling the resorts, the HOA's will be. I would think going to the website of the real estate company, HilCo Real Estate

 

[schreff]

Wyndham is not selling the resorts, the HOA's will be. I would think going to the website of the real estate company, HilCo Real Estate

Yes, from a legal standpoint this is true. However, most of us know that this has been a total coordinated effort by Wyndham/TNL. It wasn't a coincidence that the K&L Gates law firm and HilCO Real Estate is handling all or most of the resorts. This doesn't even consider the fact that Wyndham had enough votes thus knowing that the bankruptcy vote would succeed prior to the actual vote.

 

[Rolltydr]

Yes, from a legal standpoint this is true. However, most of us know that this has been a total coordinated effort by Wyndham/TNL. It wasn't a coincidence that the K&L Gates law firm and HilCO Real Estate is handling all or most of the resorts. This doesn't even consider the fact that Wyndham had enough votes thus knowing that the bankruptcy vote would succeed prior to the actual vote.

So, they’ve done an excellent job of planning and executing. Good to know.

 

[Rolltydr]

Deleted

 

[seascapemvy]

I was wondering what the deal was between the Shawnee Inn and Wyndham? I took the halloween tram tour from the Inn and it went through Fairways and Depuy. They said the land is owned by the Inn. So what exactly is Wyndham selling in the bankruptcy? Just the buildings or the land and the buildings? What is the lease agreement? There is so much to be determined by the courts and the possible sale.

 

[shawnee83]

I was wondering what the deal was between the Shawnee Inn and Wyndham?

The Shawnee Inn and several other businesses are completely separate from the timeshares. I think years ago the Shawnee Inn had some kind of connection but no more, other than continuing to offer a discount to Club Wyndham guests. The hotel, golf course, Shawnee Craft Brewery, Gem and Keystone pub, the ski area, all are separate from the timeshare operation.

Do a search in this thread for "Kirkwood" and you should find a post that describes the current situation. That's the family that owns the hotel and @HitchHiker71 provided a nice summary not too long ago. At least I think that's who did, apologies if I got the credit wrong.

 

[shawnee83]

[MODERATOR REMOVED CONTENT]

In any case, I can only speak of Club Wyndham Shawnee Village, which is where I own and which I have been following. There are two homeowner associations (HOA) yet to have their meetings, Fairway and Ridge Top. These HOAs include some owners who own "full intervals" which may be enough to prevent Wyndham from exercising 50% plus one control. This is of course pure speculation on my part; there may be other reasons holding up the votes at those HOAs.

 

[bizaro86]

The bankruptcy docket for OIRC has been posted, you can find it here if you want to read all the filings.

https://cases.omniagentsolutions.com/docket/list?clientId=3752&utm_source=substack&utm_medium=email

I read a few and a few things jumped out that may delay the process.

1) the government shutdown means the US Trustee can only work in emergencies and so they filed a motion to preserve their right to object later.

2) the court clerk noted a bunch of deficiencies in the filing that need to be corrected (missing schedules and disclosures, mostly).

 

[HitchHiker71]

I'm not sure that's what I am doing. Just hypothesizing if there were perhaps some other resorts on the table that were considered where they didn't have controlling interest to force a special meeting. Then which ones those could be. I am sure we won't know because no one really saw these ones coming. Though this situation could loom over the heads of resorts that are/were on the brink. It isn't like they are testing the waters with one or two. Sure OIRC is the first, but not the only one. They have 13 more lined up right behind them.

OFFICIAL MODERATOR POST

Any debate oriented content for the sake of debate - whether legal or speculative - should be posted in other thread. Please don’t gum up this thread with any theories, legal or otherwise, that aren’t directly related to the current actions.

I thought I’ve made this abundantly clear in prior posts - but here I am doing so yet again because people seem to have short memories around here. I will move these posts to the other thread when I’m able to do so since I’m on PTO all of this week.


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[geist1223]

2) the court clerk noted a bunch of deficiencies in the filing that need to be corrected (missing schedules and disclosures, mostly).

So the Top Notch Law Firm retained by Wyndham can not file a simple Bankruptcy Petition without errors. I wonder if they used AI?

 

[shawnee83]

The bankruptcy docket for OIRC has been posted, you can find it here if you want to read all the filings.

https://cases.omniagentsolutions.com/docket/list?clientId=3752&utm_source=substack&utm_medium=email

At the Special Meeting for River Village Phase IIIB Owner's Association (Club Wyndham Shawnee) they mentioned a website would be set up where we can track the bankruptcy. I guess we will get a website like that when we get to the same point in the process as OIRC.

 

[schreff]

I am wondering how many years of planning this took on Wyndham's part. Wyndham had to research a law firm, contact a real estate expert and then coordinate timing/modus operandi with the HOAs involved.

I am confused as to the exact content that can be posted on this thread. Sorry if this violates the rules but I would think that a discussion on the history of the closures is okay when it has a relationship to each and every present and future resort closure especially considering the original list of resorts has changed.

 

[Greg G]

So I asked Star Island Owner Services if they knew of any detailed breakdown of the $6M in improvements that someone on the Wyndham Timeshare Owners Facebook group had mentioned (supposedly covered in the proxy meeting) that was part of the reason for the bankruptcy. Start Island Owners Services did not have any info on that. They suggested I contact Wyndham or the Wyndham HOA for this detail. Every one on the Facebook page that has posted saying they got material documents from Star Island on the bankruptcy has not responded to my posts or private messages asking them for this material or a detailed breakdown of the improvements (or a rough 2026 budget if one was presented in the meetings showing this).
I didn't think it would be this hard to get the info.

Interestingly, Start Island Owners Services did say Milestone/Structural Integrity Reserve Study for Star Island Resort was successfully completed. This inspection brought the resort in compliance with Florida regulations designed to ensure the safety and integrity of developments across the state. All of Star Island’s buildings were found to be structurally sound. This positive outcome indicates that the resort has maintained its facilities, and that there are no significant deficiencies that need to be addressed.

 

[bizaro86]

So the Top Notch Law Firm retained by Wyndham can not file a simple Bankruptcy Petition without errors. I wonder if they used AI?

I have no idea whether they used AI, but I agree that isn't a good look for the attorney to be missing a bunch of items that are procedurally required. The docket item in question is here: https://casedocs.omniagentsolutions...2/91f8e9ee-df79-4c64-84c7-60ddf4cf5507_14.pdf

There's actually a number of things missing. Quoted from the link above:

All Schedules A through J and the Summary of Your Assets and Liabilities (forms 106 for individuals or 206 for non−individuals) were not filed. Pursuant to Fed. R. Bankr. P. 1007(b) and (c),Debtor must file the missing items with proper declaration of Debtor no later than 14 days from the date the petition was filed.

The Statement of Financial Affairs was not filed. Debtor must file a signed Statement of Financial Affairs using the form B107 for an individual or B207 for non−individuals within 14 days from the date the case was filed.

Bankr. P. 7007.1 or was filed without an original signature or proper electronic signature incompliance with Fed. R. Bankr. P. 9011(a) and/or Local Rule 1001−2. Debtor must file a signed Corporate Ownership Statement within 14 days.

The attorney for Debtor did not file an Attorney's Disclosure of Compensation required by 11 U.S.C.§ 329 and Fed. R. Bankr. P. 2016(b). The attorney for Debtor must file an Attorney's Disclosure of Compensation (Form B2030) within 14 days from the date the petition was filed. Failure of attorney for Debtor to cure this deficiency may result in sanctions or the issuance of a show cause order.

The Case Management Summary has not been filed or was filed without an original signature or proper electronic signature in compliance with Fed. R. Bankr. P. 9011(a) and/or Local Rule 1001−2.Pursuant to Local Rule 2081−1(b), the chapter 11 Debtor must file a signed Case Management Summary within the earlier of three business days following the petition date or the date Debtor−in−Possession filed a motion requesting affirmative relief.

 

[chapjim]

Yes, from a legal standpoint this is true. However, most of us know that this has been a total coordinated effort by Wyndham/TNL. It wasn't a coincidence that the K&L Gates law firm and HilCO Real Estate is handling all or most of the resorts. This doesn't even consider the fact that Wyndham had enough votes thus knowing that the bankruptcy vote would succeed prior to the actual vote.

If you are implying that something is amiss or that something sinister is going on, I'm not buying it.

 

[bizaro86]

If you are implying that something is amiss or that something sinister is going on, I'm not buying it.

Yeah, it's a coordinated plan but that doesn't make it sinister. I think this is almost certainly a net benefit for owners on average, and doing it in a more organized fashion should save money and make the process more efficient/faster.

 

[HitchHiker71]

I am confused as to the exact content that can be posted on this thread. Sorry if this violates the rules but I would think that a discussion on the history of the closures is okay when it has a relationship to each and every present and future resort closure especially considering the original list of resorts has changed.

Discussing any historical factual basis as it relates to the current actions is fine. Prognosticating about whether certain resorts may or may not be included in future actions - which exactly no one has any good factual information on - please use the debate thread or start another thread. This thread is intended ONLY to track facts related to the current actions. It was not nor ever was intended to debate ideas around what may or may not happen for future events - or to debate legal issues surrounding what is transpiring. This is already among the largest threads ever created on TUG - we don’t need various rabbit holes occurring on this thread that the vast majority of people aren’t interested in reading about - they simply want the facts. We are already seeing the same topics rehashed in this thread multiple times because of how large it has grown in a short period of time.

FYI, the original list from Wyndham of the resorts has not changed - I know this because Wyndham directly told me - we simply weren’t privy to the original list. The TUG list has been added to over time because new information became available.


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[HitchHiker71]

Maybe @HitchHiker71 could add "and speculation" after "legal debate" and that would cover it.

Once I return from PTO this weekend. I don’t have a PC with me while on PTO and moderating from a phone has a lot of limitations.

EDIT: Done

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[shawnee83]

So I asked Star Island Owner Services if they knew of any detailed breakdown of the $6M in improvements...

This made me curious so I started looking around at my Shawnee River Village II owner's site. I found a budget, but it did not break down any specific projects. The proxy materials we received also referred to a long list of necessary improvements but I don't see a detailed breakdown.

Interestingly, Start Island Owners Services did say Milestone/Structural Integrity Reserve Study for Star Island Resort was successfully completed.

The "reserve study" was mentioned at our Special Meeting but it is not posted on our owner website. I presume this "study" helps define how big the reserve fund needs to be.