[2008] Belaire Golf Resort and Spa

[pianodinosaur]

Since no one has stirred this pot for a couple of weeks, I thought I would put this out there for all you disgruntled, disappointed investor-owners.

We purchased at Belaire in June, 2007, primarily because we were promised that we would be able to trade our weeks (starting in January, 2008) on The Registry Collection. When we realized that was not going to occur in January, 08, I contacted TRC and found out that BVC was not even affiliated with TRC but was "in the process" of applying. I also found out that TRC never allows an under-construction resort to trade any weeks until the project is finished and they actually have real weeks to deposit. It was at that time that we rescinded and attempted (unsuccessfully) to get our money back. Belaire eventually did get accepted into TRC as a "resort under construction".

Because I now had a contact at TRC, I requested that they keep me updated on the progress of the Belaire project from their end. The last report I had received from TRC was that they were expecting a Belaire completion date in September, 2009. Yesterday, I requested an update from TRC. Their reply is posted below, along with my response back to them.



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Date: Fri, 2 Oct 2009 10:29:35 -0400
From: inquiry@registry-collection.com
Subject: The Registry Collection, affiliation inquiry (KMM5219942I15977L0KM)

Late last week we were notified that our affiliation agreement with this property was terminated.

Please contact Belaire Vacation Club for further details.

I apologize for the inconvenience, please stay tuned to our website. If there are further developments, they will be posted there first.

Kind regards, [/B]


My reply:: inquiry@registry-collection.com;

Thank you for letting me know. The Registry Collection should be glad that this affiliation has ended since Belaire has proven to be a great disappointment (and that is putting it mildly) to many of us who were initial investors in the project. Many of us doubt that the project will ever be finished or was even ever intended to be completed. Unfortunately, a project like this one brings great disfavor on all the other wonderful timeshare/interval ownership properties that are out there. Our initial investment in the property was based on the promise that we would be able to trade weeks within The Registry Collection. You have some beautiful properties and we are disappointed that we will not be able to avail ourselves of them.
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My take is that The Registry Collection preliminary affiliation was just one more "cover" they created in an attempt to make their project more attractive to us simpletons who failed to see through their deception. We have all been used--us and TRC.[/QUOTE]

I feel very sorry for you. Many of us who did not invest at Belaire have made other investments that did not turn out well. In know that is very little consolation but I really do feel very sorry for you. The scam artists are everywhere and it is very easy to become victimized. So, don't shoot yourself and try to move on.

 

[Scuba2]

Now that more than two years have passed since our "purchase", has anyone tried to exercise the "guaranteed buyback at 75% of current offering price" clause in your contract? I may be in PV in a couple of months and am considering trying this route to get some of my money back. If anyone has tried this (either successfuly or unsuccessfully) I would appreciate hearing from you and what you did.

I just got back from PV on yesterday. I went to the Belaire to inquire about the buyback program. Antonio and Nick were both out of town. I was told that the buyback program has been put "on hold" for now. I explained that Antonio had put in writing when we would be able to sell and stipulated the price we would receive because we were dubious about verbal promises. We should have questioned the written ones, too!

 

[Scuba2]

I just got back from a week in PV. My objective observations: Supports had been placed under the floor of the second level. Cement was being poured on the floor. I was told the cement would be about 2 inches thick. Large rolls of meshed rebar were being hauled to the next level to prepare for a layer of cement there, also. Today, I see on the cameras that the supports are being moved up a level to shore up the next floor while cement is poured. I was told that each floor would have the layer of cement. I was also told that the steel for the next 3 floors would be delivered next week.

 

[JoeG9100]

Belaire rescinded, Finally

I Just wanted to thank the members here for all the help they gave us last year. We purchased last June 2008 and had buyers remorse when we got home. I stumbled on to TUG and found out it could be a scam.
I want to thank KarenG and Brucecz for the instructions on how to rescind. I finally Got the Letter from Belaire after Proteco forced them to send it, they were also fined for not showing up to the court date. It was tricky because after the court date Profeco aksed us to contact them by May of this year if we did not case closed. Belaire would be off the hook. We did not get a letter from belaire but I put the date on my calendar and sent an Email to Profeco within a few weeks we had the letter from Belaire.

I just had another close call. A marketing company called, and said they had a buyer for our Vegas timeshare 21,000 + 4000 for out 2 weeks of RCI. As you can imagine alarm bells were ringing in my head as he was talking said he was a finance manager. Well they wanted us to sing a contract for them to act as our agent in the sale. Then after the pitch, came the catch they wanted $1850 as a deposit we would get it back in 30 days after the sale. I don't give money up front for timeshare sales been there before. Then at this point I ended the conversation. They were from Carefree Vacation Solutions definitely a scam.

Good luck to all of you!

Joe

 

[brucecz]

Joe, thanks, gald I may have been of some slight help but Karen has done a great job on this string.. Your posting makes the abuse thrown at me by the many Belaire shills over a years time well worth it if I in some small way helped you from getting ripped off.

I feel sorry for those poor souls that had not cancelled and were mad at me for posting what I knew first hand about the Belaire. I am gald that the Belaire seemingly changed their contacts when I kept after them on one sided that portion of the contract was.

I got flak after they cryed and said I was badgering them so obscure the thruthfull fact how one sided that portion of the contract was to the buyers and basically took all legal protections away from the buyers.

If my posting about that fact just saved just one party from buying, again I feel it was worth the flak I got for posting that thruthfull fact.

The Belaire shills and minions got the first couple of strings shut down which was part of their agenda but Karen did not allow that to happen on this string. Great job Karen.


Bruce

 

[Karen G]

Thanks, Bruce & Joe, for your kind comments. Joe, I'm so glad you were able to get help from Profeco. It's nice to know that they are getting results.

Also glad to hear that you didn't fall for another scam on your Las Vegas timeshare, Joe. I love it when TUG helps someone else avoid being ripped off.

 

[footballmom]

I need help quickly

I haven'y been following for a while . . .
I was trying to fight this scam through my credit card company. I disputed the charges, but Belaire sent a rebuttal.
I need help trying to rescind this deal and prove to the credit card company that it is definitely a scam.
JoeG9100: How did you get to Profeco? I have tried, but get the run-around, or get a Spanish-speaking (or writing) person. What do I need to do to file with Profeco? I have a letter composed, but I don't know where to send it or who to adress it to. Can someone help me out?
Thanks for all of the great information out here - I hope it saves others from some grief!

 

[Archie583]

Belaire Golf Resort and Spa

Does anbody have any information or visited the Miramar Projcet? Are they open or will they ever open? I think that this projcet may go the same way as Belaire.
Thanks in advance for your help in this matter.

 

[acaseyc]

Belaire issues and warnings

I am no novice to timeshare presentations. Not only have I been to a dozen or more presentations/member updates--some we bought into and some we didn't--I have 18 years in Title Insurance and Escrow, 8 years as CAlif Real Estate Broker, 6 years as Corporate Real Estate Rep, BSc in Accounting and Bsc in Real Estate, so I know pretty well when I hear a Half-truth, evasion or outright lie. Last month in PV (October 09) a friend of ours explained how she had traded in 4 weeks of timeshares and $8,000 for a fabulous deal at Belaire, which she described as a Ultra-Luxurious Yacht and Gold Resort, that included a guaranteed $130,000 buy-out in 3 years without any maintenance fees. I warned her that it sounded pretty fishy to me, but she was completely satisfied, explaining that she couldn't quite stay there yet 'cause they had to put 185' pilings down and it had delayed construction for a couple of years.
MORE TO FOLLOW--I have to pickup grandkids from school

 

[Karen G]

MORE TO FOLLOW--I have to pickup grandkids from school

We look forward to the rest of your story. I'm really hoping you didn't fall victim to Belaire, too.

 

[jeanbean]

BelAire

More victims, when will it ever end?

 

[TimeShare Junky]

Miramar

Is there an update to this ?

 

[acaseyc]

Belaire warnings

I am no novice to timeshare presentations--we own at: Villa del Mar, Villa del Palmar, Mayan Sea Garden, Velas Vallarta, Kona Coast II, Cliffs Club and are members of Shell Vacation Club. Not only have I been to a dozen or more presentations/member updates--some we bought into and some we didn't. I have 18 years in Title Insurance and Escrow, 8 years as CAlif Real Estate Broker, 6 years as Corporate Real Estate Rep, BSc in Accounting and Bsc in Real Estate, so I know pretty well when I hear a Half-truth, evasion or outright lie. Last month in PV (October 09) a friend of ours explained how she had traded in 4 weeks of timeshares and $8,000 for a fabulous deal at Belaire, which she described as a Ultra-Luxurious Yacht and Golf Resort, that included a guaranteed $130,000 buy-out in 3 years without any maintenance fees. I warned her that it sounded pretty fishy to me, but she was completely satisfied, explaining that she couldn't quite stay there yet 'cause they had to put 185' pilings down and it had delayed construction for a couple of years. Sorry to repeat, but I couldn't figure out how to edit the original post.
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When we were approached by a street rep about attending a "90 minute" presentation I couldn't resist the opportunity to hear first hand what had convinced our friend to buy. It was easy to understand how they get so many people to sign-on to this project: Extra large and luxurious units, tennis club, yacht club, beach club, and golf--all with out any maintenance fees, a guaranteed ROI, $4,000 per year of cash and credits for assigning 2 weeks to them for marketing. WHAT A DEAL.., well, until you give it a little critical thinking.

Construction: Apparently construction finally got underway in June of '08 delayed 'cause they had tp put in pilings 185' deep(??), foundation and steel in Nov and Dec '08. We were told in October that Concrete had been poured just last week, but that was when Hurricane Ric had landed as a Tropical Storm with high winds and driving rain--when we viewed the structure it was still surrounded with a virtual moat. I guess they could have needed 185' pilings, I'm no engineer, but I do know that the pilings for the Oakland San Francisco Bay Bridge are about 70 to 85 feet. We were told the reason there were no workmen on-site was that they were all over at a sister resort (Grand Marina Residence Club & Business Center) doing finish work and installing light fixtures, getting ready for opening November 15. I guess they could use Steel Workers and Concrete Finishers to do finish carpentry and screw in light bulbs--or use carpenters and electricians to do Steel work and finish concrete. As of today, November 17, their on-site cameras don't show any further progress. We were also told that there was a Bond guaranteeing construction. I could be wrong, but I think it doubtful that any bonding company in their right mind would provide a Bond unless there was verifiable construction financing, and would normally require a substantial portion of purchase monies to be escrowed and not used for construction. I think it is worth noting that it would be a horrendous cost to keep a Construction Loan and Completion Bond in place year after year without major construction progress.


Model Units: I'm guessing these units have been there since '07. Two excuses were offered while we were viewing the Studio unit: First, the entry doors used clear glass and the adjacent unit used frosted glass 'cause they couldn't decide on which to use and the extra bathroom did not have a door because they hadn't yet decided what kind of door to use. The roof of the sales office where we were taken to view the distant beach and the adjacent Tennis Club was shameful, for a luxury display, with peeling paint and corroded metal railings..I would guess the postponed maintenance and lack of final finishing details was from lack of budget resources. Seems to me that a model for a ultra-luxurious project should show a little more care about details--especially after 2 years.

Amenities: Included without extra fees, was access to the adjacent tennis club, golf-cart access to a future beach club, access to a yachts at Marina Vallarta, and membership in the Puerto Vallarta Fluvial (services not yet defined). The only problem I see here, is that the Belaire Developer has no control over these off-site amenities which could fail and leave thir owners without those services. The Golf Course 50% discount is available to virtually all of the Nuevo Vallarta Resorts and probably would continue to available.

Buisness Model: The first Half of buyers pay no maintenance fees--ever. Second half is to pay roughly $450 per week for a studio. Developer to pay owner $2000 for 1 week to use for Corporate Golf Junkets, which is a very successful program in their sister resort--Grand Marina Residence Club--wait a minute didn't they just tell us it was to open November 15? The developer would also use a second week for this promotion in return for $2000 gift cards and credits to purchase airline tickets, rent cars, buy meals--virtual cash for anything. The other two weeks we could use for ourselves or exchange in II, RCI, Trading Places, the Registry Collection or any of the 60 other Residence Clubs in PV. Now, say they get a 50% discount on the gift cards, they are to payout $3,000 per year to half of the owners who will never pay maintenance fees. Hope their Golf Junkets a wildly successful.

The Deal: A Studio Unit, four weeks per year, for 100 years. I think it started at about $75,000--Less $28,000 for a time-share trade in which they would donate to Make-a-wish, so they could exchange for Disneyland area weeks to send kids to. They also reduced the price by $8,000 cause we could not use the unit in 2010, since it would not be completed until 2011. Yeah, that's at least 4 years since sales started. They also offered a guaranteed ROI--Return of Investment. When I asked how they could make this guarantee, it was explained that: first, the units will of course be worth more when built, than now--secondly, they have first right of refusal, so these units will never be on the after-market. Yes, I agree the will be worth more (if ever built) but as to the first right of refusal, here's how that works: If you have a valid offer from someone to purchase your unit, the developer has the right to buy it for that amount. How easy do you think it will be to get a valid offer when it would be common knowlege that the Developer would buy it instead...basically, the developer could end up setting his own price. Well, we turned down the final price of around $39,000 offering my opinion that the basic business plan was unrealistic and there seemed to be an unexplainably long delay in construction. We had to go through the normal routine of three more levels of sales pitches, ending with a final offer of $3,500 ( after trade-in) for 4 weeks a year for 25 years with around $1,600 per year maintenance fees. It seems to me they were desparate to make a sale--any sale.

IT SEEMS TO ME THAT THIS PROJECT IS BEING FUNDED SOLELY FROM SALES REVENUES, AND THE BASIC BUSINESS PLAN IS UNREALISTIC. I WILL BE AMAZED IF IT EVER GETS BUILT.

gecase@earthlink.net

 

[Karen G]

IT SEEMS TO ME THAT THIS PROJECT IS BEING FUNDED SOLELY FROM SALES REVENUES, AND THE BASIC BUSINESS PLAN IS UNREALISTIC. I WILL BE AMAZED IF IT EVER GETS BUILT.

I'm so happy that you did not succumb to their sales pressure. Thanks for reporting back.

 

[wesleychicago]

new belaire owner

hi everyone just joined Belaire and i have booked my next vacation 3 days after i bought i paid in full and they started my ownership the same week, the units are beautiful tower one will be done by may can not wait.
When we got back to the states i did see all these complaints but i have no reason for worry i have a legal contract and like people have been saying in this chat room i was on there land and in there office,after all tourism is number 1 in mexico of this was not to be finished the mexicain government would not let that be see you all soon .

 

[pianodinosaur]

Potential Shill Alert

hi everyone just joined Belaire and i have booked my next vacation 3 days after i bought i paid in full and they started my ownership the same week, the units are beautiful tower one will be done by may can not wait.
When we got back to the states i did see all these complaints but i have no reason for worry i have a legal contract and like people have been saying in this chat room i was on there land and in there office,after all tourism is number 1 in mexico of this was not to be finished the mexicain government would not let that be see you all soon .

Congratulations. Yours is the first post I have seen with a positive experience at Belaire in quite a while. There have been many other posts with recent photographs of the Belaire property that reveal very little if any progress. Are you referring to the same property as everyone else on this thread or do you have some kind of special relationship with Belaire?

 

[Blondie]

Wesleychicago is a first time poster touting the wonderful resort that is Belaire. Wow- we haven't seen that on this thread for a little while... It would appear he has misread the past two years of postings right here under his nose. Oh well, hundreds of people are wrong and he is right. And the Mexico government would never let this happen...got that everyone?

 

[Archie583]

Belaire Golf Resort and Spa

January 14, 2010. I have been watching the web cam on the Belaire web site and it looks like some serious iron is going up on the project. Anybody have any idea on what is going on down there?

 

[Scuba2]

That represents the next 3 floors.

 

[judy23]

We are here in PV and went by the Belaire today. There is some serious building going on and more steel was being put up today as we went by. As the previous post said it is the next 3 floors. The structure is very large and the web cam doesnot do it justice. We will be here a total of 6 weeks and we will post any other signifacant progress.

 

[TimeShare Junky]

We are here in PV and went by the Belaire today. There is some serious building going on and more steel was being put up today as we went by. As the previous post said it is the next 3 floors. The structure is very large and the web cam doesnot do it justice. We will be here a total of 6 weeks and we will post any other signifacant progress.

Huh, were are the electrican pulling in power, water pipes or stairs (emgencies). How do they get to work on the upper levels ? Where is everyone. This will be another 2 years worth of work of getting nowwhere. Remember, rainy season is comming.

Is this year 3 or 4. Where is lagunamar ?

 

[Scuba2]

Judy -

Since you are in PV I was wondering if you could describe the backside of the Belaire we can't see from the cameras. Do the windows on the first floor go all the way around the backside? How much of the parking level now has cement walls? When I was there in Sept only about 1/2 the side next to the golf course was walled. Thanks

 

[judy23]

scuba2,
All four walls are glassed in. We will take pictures when we go back and private message you with the pics.The web cam doesnot do the size justice as it is huge. The steel is being placed as we speak for the rest of the floors
(9). We did meet with Laura Pena the customer svc rep and she was very informative.There are many projects we have observed in the last week that are at a stand still. Ocean Terrace which is a private ownership in Nuervo has one completed bldg plus a second bldg 1/2 sold with no activity at all. Just a shell.The recession is very evident here and there are many started projects that are just sitting. Judy

 

[TimeShare Junky]

Belaire Wesite Update

The resort consists of two - nine story towers. We are currently targeting completion of the first tower to be in the mid-2010 timeframe. We plan to begin fully operating the resort at that time as our administrative offices, the restaurant and other key services will all be housed in that tower. Construction of the second tower will proceed immediately thereafter

Notice: Mid 2010 open as admin offices (questionable). What happened to we could use the resort ? I bought in Dec. 2006 and only see a steel frame of three floors, over 3 years have gone by.

 

[Archie583]

Belaire Golf Resort

Went over to the Belaire today and talked to the man who handles the inventory. You may take this information with a grain of salt. He told my wife and I that on May 1 the Belaire is going to shift from a developer license to a commerical license. This would mean that the buyback option in contracts would come into play. He also indicated that their would be a small Casino on the second floor. The area where the sales office is now would be torn down and the second tower built in that area.

Please dont get your hopes up because we have all been disappointed with Belaire promises in the past. I hope this is true and only time will tell.

Henry