Interesting info
I have been following this post and can offer the following information. We purchased a used annual golden unit at Fairmont Hillside about 8 years ago. I researched to death the resort, went on the presentations twice over a 3 years period prior to this and showed the salesmen at the last presentation a list of used units offered by a real estate agent in the area at about half the asking price of a new unit. The new 40 year units were going for about $25,000 at the time for an annual, gold lockoff unit sleeping 8 people. The real estate agent had the exact same units for sale for about half of this amount but instead of 40 years remaining, they had anywhere from 28 to 36 years remaining.
After checking the internet I found a used timeshare company located in the U.S. that sold me one for $3800 U.S This worked out to $5000 CDN including transfer fees and the first year of Maintenance fees. We thought this was a steal of a deal and have used this unit for the past 8 years.
Two years ago, when booking for the next year in advance, we were informed to do so we had to pay our Maintenance fees a full year in advance. In order to secure the prime unit we wanted we did so. We also went to several of the presentations in regards to upgrading to a point system, and also to purchase the Legacy for Life program. The sales people bragged that over 50% of the people already have switched over to this great program. We never did purchase and continued to be invited to many sales presentations.
It is clear to me that something is not right here. Their actions and also history of this company indicate to me that this is a money grab no different then the Legacy for Life program.
We love Fairmont, love the area and are hopeful that we can continue to spend many more years using the timeshare we bought. I am not about to sign up for the renovations at the end of May, nor am I about to pay them to walk away. I am a bit concerned if they can refuse me entry this summer when I come out to Fairmont to use the facility i am entitled to use, and have paid the Maintenance fee a year in advance?
Also found this information tidbit from a realtor in Fairmont, posted a year ago.
http://www.justanswer.com/canada-law/7age8-small-timeshare-resale-business-fairmont-hot-springs.html