Do not pay to convert to Festiva points. These points are almost worthless (I have seen several Festiva points weeks for sale on e-bay and none ever got a bid) and once you convert to Festiva points you will no longer own anything.You will simply be a member of their club, obligated to pay whatever MF's and assesments they deem necessary, but with no real ownership and no vote.You will have all of the obligations that come with ownership but none of the rights that owners have. Festiva will own your week and vote your week in block to levy assessments, elect HOA board members, and to vote themselves in as the management company. They took over one of my favorite resorts and they are trying very hard to assess everyone to upgrade the resort so they can more easily sell their points with granite counters, flat screen TV's etc. Check out how much they have raised MF's at Church Street Inn in Charleston and their Atrium St Maarten resort. A group of Atrium owners have a class action law suit against Festiva for trying to take away some rights and for increasing MF's at a higher rate than allowed in their contract at their resort since Festiva purchased it. They also got sued and aettled with the Missouri Attorney Generals office for unfair and misleading sales tactics.
There was a Festiva rep answering questions on another thread and here is one of her responses: "To answer the concern about the board being picked by owners and Festiva casting votes as opposed to Adventure Club members, our Adventure Club members do not actually own deeded real estate at any of our resorts; rather, they have a 40 year club membership. Therefore, they are not a part of a specific property's HOA." The thread is very long but worth reading. http://www.tugbbs.com/forums/showthread.php?t=70318
There was a Festiva rep answering questions on another thread and here is one of her responses: "To answer the concern about the board being picked by owners and Festiva casting votes as opposed to Adventure Club members, our Adventure Club members do not actually own deeded real estate at any of our resorts; rather, they have a 40 year club membership. Therefore, they are not a part of a specific property's HOA." The thread is very long but worth reading. http://www.tugbbs.com/forums/showthread.php?t=70318
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