Only 8 "gold" weeks?
On April 24, 2009, NEVMSLLC posted this (#494):
If you own a week 26 - 34 at Southcape, you come every year. If you're a member of a regular exchange, you never really know. It depends on what's deposited at the time you make your request. There are too many variables to give definitive answers. The advantage with point is that there is a set value for weeks 26 -34 and, when you make your exchange request, if one is available and you have enough points, your exchange is confirmed instantly. Even if you don't have enough points, you can usually rent extra points for a nominal fee to use to make an exchange. With points, the guess work and mystery is taken out of the exchange. If you have the points needed, you're going, if you don't you're not. What points does is commoditize the timeshare market so that relative values of weeks are exposed and transparent to everyone. No more "well, some red time is more valuable than other red time". Every week at every resort has a fixed value which makes the exchange much easier and harder for salespeople to mislead you.
I love points!
Just remember, no exchange can give you a week unless and until an owner deposits that week with the exchange company!
This means that only 8 weeks are fixed "gold" weeks at Southcape Resort. Which means that all the remaining weeks are "float" weeks and can be reserved for the following year only when the float week owner has used the week reserved in any given year.
I took NEVMSLLC at his word on this one but that means that the Labor Day weekend is a "float" week which is a complete surprise to me.
My point in bringing this up is that I went through all the Southcape weeks that have been converted to Festiva points and found only 30 fixed summer weeks out of 200 converted weeks as of 7/07/09.
I am concerned that Festiva Adventure Club members may not be held to the same rules of reserving "float" weeks that we deeded float week owners must observe. Every owner who converted to Festiva points would have reserved a week for 2009 which is the actual week that should be available for Festiva points if FAC members are held to the same rules as deeded "float" week owners.
I have before me the FAC points chart for
Southcape Resort and see that weeks 27-36 (10 weeks) are "gold" weeks requiring 4800 points, which is all that deeded owners of weeks 27-36 are being offered in exchange for $3185, and instead of paying MF of $593.88 to Southcape Resort, they have to pay more than $700 MF to Festiva Adventure Club!
Furthermore, there is no guarantee that the MFs for FAC members won't go up, or that the # of points needed to stay at a Festiva Resort won't increase. I was told that the MF for 3500 FAC points would be $575 but it turned out to be $602 for 2009.
I'm posting this because I had a telephone message today from a Southcape owner who is upset about being asked to convert deeded Southcape weeks to FAC points. I have yet to return her call but hope that she will read this post.