First off, thanks to BoaterMike's post back in April--it gave real insight as to what we'd be facing in the presentation when we went to the Royal Haciendas May 12-22. Secondly, we met a former owner of a villa at the Royal Mayan who told us that they got substantially less in residual value. They expected $6800 and got $2000 - the depressed home markets in MX/US and other blah blah blah was what the Royals used to devalue their contract. So we sat through the obligatory sales meeting this time only to be told that it wasn't required and never has been. What??? I don't think so! We tried to politely inquire about our RC residual value and they told us that we should have gotten a "letter" back in February --- they tried "locating" that letter to show us but couldn't find it. My in laws who are also owners at the RC never received one either. We were told that the Royal Caribbean has NOT been sold and bids are being accepted. We were also told that ANYTHING we are hearing about RC buyers is just POOL TALK.
Suffice to say that our meeting was cut short when they told us that we knew we were signing up for a sales presentation for purchasing points. Both my husband and I told them that we were told it was a Members Update Presentation and the word sales was not in that title. We told them that we weren't so sure points was a good idea and our children have reinforced that with the fact they aren't interested in being tied to maintenance fees. Their last dig was that we were the only owners who they've encounter that feel that way. Everyone else has "LOVED" the new points system. Yeah right!!! We heard other pool-talkers that week express the same lack of interest/excitement about the points. We all deduced that they want owners of the RC to buy points and will give us a reduced amount of our residual value to do so.
And so we'll wait for the phantom letter that explains how to proceed with getting our residual.