“I believe to remain viable, this resort needs someone with deep pockets and a plan that far exceeds what is capable from current owners.” I’m curious about the facts, assumptions and your logic. I disagree. I have a conversationally unfair advantage of inside information. So, I’d rather understand the basis of your position before challenging it.
I won't copy all the comments/responses, but want to say first and foremost, you have done the deep dive and and are privy to the back room discussions. As I've said before, I find your approach to be above board, and trust your take on all KBV matters in which I've seen you comment.
Before I purchase a TS interest, I have learned to looked at financials, the current state of the property, resale trends etc. I think a lot of tuggers do the same. However, that is not how 95%+ of TS's are 'sold'.
Over the years I have learned to visit a property with the DW, and walk through and ask her whether she would like to stay here each year. It's that 'WOW' factor that is foreign to me. On our first visit to Kauai, we visited 10+ TS properties. I won't repeat her comments about KBV, but it wasn't complimentary. Back in those days, I didn't listen too much as I thought my own 'deep dive' was paramount. I thought the OF location of KBV and proximity to the airport was so compelling it was a can't fail. I have since learned to listen to her very superficial opinion, because that is probably the same opinion a large % of first time visitors have. And these visitors are the future sales/resales of the resort.
It is from this outlook that I formulate the idea that 'deep pockets' are needed. I think vast improvements have been made, are either in progress or 'on the radar', all within a reasonable budget. And again, maybe a 'grand plan' is already in the works that I'm not aware of.
It is actually quite healthy currently per several metrics
I can't disagree here. However the metric most bothersome to me is the owner occupancy %. I read in the Marriott forum the banter about 'which resort is best' on Kauai. Even when it's island views only, the chatter is how much they enjoy the resort. This attitude is what keeps the resales humming. KBV has the location, what else is needed?