[ 2012 ] Fairmont / Sunchaser / Northwynd official thread with lawsuit info!

[DaveO]

Math 101?!?

I might be bad at math, unless someone knows how many actual annual / bi-annual owners there are? But how do the numbers work in Kirk Wankel's Affidavit he states in section 11 - "Currently there is 14'500 Vacation Interval owners who have entered into 18'600 vacation interval units.

If you look at the audited statements 9.5 million was collected and 500k was wrote off.

500k / $949.88 (Maintenance fees for 2013) = 526 people

9.5 million / 14'500 - (526 from above) 13974 = $680.00 and my maintenance fees were $949.88 this year!!

Even if you took the 18'600 vacation intervals and worked it out at say a 60% (annual owners) / 40% (bi-annual) split it still works out to over 10+ million.

18'600 * 60% = 11160 annual fees at $949.88 = 10.6 million in maintenance fees.

I would assume that these numbers have been fudged in the audited statement and Kirk Wankel is lying in his affidavit which is a federal offense!!

The documents that I'm using for this information is located here:

http://sunchaservillas.ca/wp-content/uploads/2013/04/Wankel-Affidavit-sworn-April-15-2013.pdf

Section 11

http://sunchaservillas.ca/wp-content/uploads/2013/02/December-31-2012-Financial-Statements.pdf

Maintenance fees collected.

 

[tdjanzen]

I might be bad at math, unless someone knows how many actual annual / bi-annual owners there are? But how do the numbers work in Kirk Wankel's Affidavit he states in section 11 - "Currently there is 14'500 Vacation Interval owners who have entered into 18'600 vacation interval units.

If you look at the audited statements 9.5 million was collected and 500k was wrote off.

500k / $949.88 (Maintenance fees for 2013) = 526 people

9.5 million / 14'500 - (526 from above) 13974 = $680.00 and my maintenance fees were $949.88 this year!!

Even if you took the 18'600 vacation intervals and worked it out at say a 60% (annual owners) / 40% (bi-annual) split it still works out to over 10+ million.

18'600 * 60% = 11160 annual fees at $949.88 = 10.6 million in maintenance fees.

I would assume that these numbers have been fudged in the audited statement and Kirk Wankel is lying in his affidavit which is a federal offense!!

The documents that I'm using for this information is located here:

http://sunchaservillas.ca/wp-content/uploads/2013/04/Wankel-Affidavit-sworn-April-15-2013.pdf

Section 11

http://sunchaservillas.ca/wp-content/uploads/2013/02/December-31-2012-Financial-Statements.pdf

Maintenance fees collected.

I have no idea of the split between annual and bi-annual owners. It is possible that earnings are mis-stated but if all owners were bi-annual, then revenues would be about $8.8 million (182,000 divided by 2 * $949 per year of maintenance) so likely there are a lot more bi-annual owners than there are annual owners. Certainly, from the amount of units offered for sale over the years, there are always more bi-annual units.

The thing that struck me about the 2011 and 2012 financials is that even with all the cutbacks in service personnel, the place still lost well over a million dollars per year. That means that there is almost no way that Northwynd will be able to run this place at break-even. At a minimum, maintenance fees need to be 10 to 20% higher, just so the place breaks even.

I have heard the argument that timeshares in Hawaii have much higher maintenance fees and so we shouldn't gripe about paying $1,000 for Fairmont. But from the financials, it is obvious that they need at least $1,100 to $1,200 a year now to break-even. And would suggest that if they are successful in pushing forward with their plan, there will significantly more defaults and for those who were willing to pay for the current plan, they will be asked for more repeatedly. I believe that $1500 a year will be the annual maintenance fee in short order and quite frankly that is just too much.

The question now is.... does one pay out the funds and then it's done and one can enjoy the last summer there. OR does one simply walk away.

Personally, I'm not comfortable walking away BUT I really hate being forced to act prematurely (even before the judges decision) to be able to use this summer's rental.

I am wondering if it possible as part of the petition to the court to request an injunction so that people that have paid their maintenance fee (but not the "refurbishment amounts") be able to use their rentals (that they arranged as much as a year ago) without having to commit to the "Freedom to Choose" option.

Any legal minds here that could respond.

 

[Misery1]

Freedom to Choose = Trapped

I have spent way too many hours stressing over and researching this issue. In Mr. Wankel's Affidavit he states that a "Communication" was sent to owners in December (Exhibit G). Mr. Wankel is misleading the Court as I know I did NOT receive any such communication. I prepaid my 2013 maintenance when I reserved my week last year and I have not received any correspondence from anyone until the Renovation Program Response Form arrived in the mail around May 10. We are not the original owners, and only took it over to help out a family member that couldn't afford the annual maint. after the original owner died. Unfortunately, it appears we will pay dearly for our kindness, one way or another. I was interested in the Freedom to Choose option; however, the surrender form concerns me. It states that if I fail to make a payment within the time stipulated Northmont may terminate the agreement without notice and any amounts paid in respect of the cancellation fee, up to 50%, shall be retained by them as liquidated damages and the other 50% put towards future maintenance fee obligations. I live outside the country and 1. Can't obtain a Canadian $ cashiers check (if I send USD and they disagree with the exchange rate I could be considered in default and they will keep my money and give me nothing in return), 2. Can't guarantee that mail/courier will deliver before May 31st deadline (again, no guarantee that if it arrives a day late they won't consider me in default and keep the $). It clearly states NO timeshare owner shall be entitled to the refund of any amounts paid under this agreement. In addition, there is no deadline or timeframe in which they agree to process the surrender, and in the meantime it states owner shall remain liable for any and all amounts including next year's maintenance fee billing etc. So, even if I sent the right amount and it makes it in time, they can just keep it and not process my surrender for as LONG as they want to take? Based on the reputation of how Northwynd has handled properties it owned in Mexico and Hawaii it's not likely they will treat us owners any more ethically so I have filed a complaint with the Anti Fraud Dept. as recommended here. I'm still trying to figure out if there is any way I can get the Form 67 completed and submitted in time. I understand as owners we have obligations; however, a reputable company would have communicated to us early on (not just say they did), had a phased approach so that we wouldn't have had a hefty special assessment, and would have treated us fairly so that we could trust they had the owners' best interest and not their own at heart. Thank you for all the great advice and suggestions everyone here has provided.

 

[disillusioned]

Please show me how to fill out Form 67?

 

[Spark1]

I have spent way too many hours stressing over and researching this issue. In Mr. Wankel's Affidavit he states that a "Communication" was sent to owners in December (Exhibit G). Mr. Wankel is misleading the Court as I know I did NOT receive any such communication. I prepaid my 2013 maintenance when I reserved my week last year and I have not received any correspondence from anyone until the Renovation Program Response Form arrived in the mail around May 10. We are not the original owners, and only took it over to help out a family member that couldn't afford the annual maint. after the original owner died. Unfortunately, it appears we will pay dearly for our kindness, one way or another. I was interested in the Freedom to Choose option; however, the surrender form concerns me. It states that if I fail to make a payment within the time stipulated Northmont may terminate the agreement without notice and any amounts paid in respect of the cancellation fee, up to 50%, shall be retained by them as liquidated damages and the other 50% put towards future maintenance fee obligations. I live outside the country and 1. Can't obtain a Canadian $ cashiers check (if I send USD and they disagree with the exchange rate I could be considered in default and they will keep my money and give me nothing in return), 2. Can't guarantee that mail/courier will deliver before May 31st deadline (again, no guarantee that if it arrives a day late they won't consider me in default and keep the $). It clearly states NO timeshare owner shall be entitled to the refund of any amounts paid under this agreement. In addition, there is no deadline or timeframe in which they agree to process the surrender, and in the meantime it states owner shall remain liable for any and all amounts including next year's maintenance fee billing etc. So, even if I sent the right amount and it makes it in time, they can just keep it and not process my surrender for as LONG as they want to take? Based on the reputation of how Northwynd has handled properties it owned in Mexico and Hawaii it's not likely they will treat us owners any more ethically so I have filed a complaint with the Anti Fraud Dept. as recommended here. I'm still trying to figure out if there is any way I can get the Form 67 completed and submitted in time. I understand as owners we have obligations; however, a reputable company would have communicated to us early on (not just say they did), had a phased approach so that we wouldn't have had a hefty special assessment, and would have treated us fairly so that we could trust they had the owners' best interest and not their own at heart. Thank you for all the great advice and suggestions everyone here has provided.

What these guys are doing is putting the fear of god into everybody with all there threats and buy doing this knowing that alot of the owners are elderly and do not like the idea of lawyers, judges, bill collectors . They are banking on the seniors paying the cancellation fees before the end of May31. If we all stick together and do not cave in we will beat this case. I am not giving these bandits one thin dime.
I recommend that everyone phone 18774274088, this is service Alberta and the website is www.servicealberta.gov.ab.ca/562.cfm. they protect consumers from Alberta and others that have problems with Alberta businesses. This is the fair Trading Act and they deal with timeshare fraud. You can download a Government of Alberta Consumer Complaint Form and fill it out and fax all the info. to them. The Fair Trading Act Laid Charges against the same type of companies like Northwynd at Canmore Alberta and won the case and the owners sued them in court for damages. Northwynd is a Calgary based company and can be charged. Everyone should be doing this.

 

[Lion Fish]

www.servicealberta.gov.ab.ca/562.cfm

Here are the instructions on the website to file a complaint. Did you notice that this forum has been viewed almost 40,000 times?


Filing a Complaint

The first step in any complaint process is to talk with one of our Information Officers in the Consumer Contact Centre at 780-427-4088 in Edmonton and toll-free at 1-877-427-4088 throughout the rest of the province. If they recommend that you file a formal complaint, complete the on-line form or the printable complaint form (pdf).

You can also refer to our "Filing a Complaint with Consumer Services" infosheet.

Please be sure to fill out the entire form.If you have copies of documents to support your claim, we recommend you print the form and send it with a copy of your supporting documents to the address below depending on which part of the province you reside in. Please do not include in the on-line complaint form any personal information like your bank account number, charge card or social insurance number. If you must include that information in your complaint, please send it to us by Canada Post mail instead.

Note: The information being collected on the complaint forms is for the purpose of a possible complaint investigation in accordance with the Cemeteries Act, the Charitable Fund Raising Act, the Fair Trading Act or the Government Organization Act (in relation to Residential Tenancies and Mobile Home Sites Tenancies investigations). When necessary, the information provided may be disclosed to law enforcement agencies or in connection with legal proceedings.

Questions about the collection of this information can be directed to the Freedom of Information and Protection of Privacy Coordinator for Service Alberta, Box 3140, Edmonton, Alberta T5J 2G7, (1-877-427-4088).

 

[aden2]

Please show me how to fill out Form 67?

Most court houses will help you fill out form 67, but you need to fill out an affidavit with it. If you are not with a group fax your completed forms to
Supreme Court of B.C. ;Vancouver,B.C. Fax: 604-660-2429 (Civil Court).

 

[Spark1]

Where can we find any accounting of where and how the monies they are asking for will be spent? They are asking for a large sum of money (over 4 times our anual maintainance fees) up front. They claim to be holding this money in trust, but what are the conditions of that trust? If we fall for this scheme, we are buying a "pig in a poke". When Northwynd goes bankrupt, (likely in the next few months), the principles of Northwynd will find a way to direct this money into their pockets. Northwynd, (who took over the assets of Fairmont when it went into recievership), was a group of investors in FRPL. They have devised this scheme to recover some of their losses.
"These people are heartless". They are asking for money from people in nursing homes, widows and widowers, people on minimum government pensions, etc. etc. I know of one 94 year old owner who was taken down to the office by her daughter where they found no sympathy and they were unbending. Another sister of mine is in a seniors residence and her husband has dementia in a nursing home and are being forced into this corner not knowing what to do about it.
THESE PEOPLE ARE "THUGS OF THE LOWEST DEGREE"

These timeshare agreements go against the Charter OF Rights. We have to get after the Federal and Provincial governments to not allow timeshares in Canada. There are problems with timeshares throughout all of North America.

 

[Lion Fish]

Better Business Bureau rating for Northwynd Resort Properties Ltd

http://www.bbb.org/calgary/business...ynd-resort-properties-ltd-in-calgary-ab-32883

Try the following link to check their BBB rating.

 

[mmchili]

Another way to look at the maintenance fees is at the number of timeshare weeks, which is used to calculate the fee. There are 250 units at 51 weeks per year equals 12,750 weeks. This has to be adjusted because the terrace units pay 15% less than the lock-off units. This results in 12,581.7 net weeks.

Here is how the net weeks are calculated using 228 lock-off units and 22 terrace units. 228 units x 51 weeks x 100% = 11,628 weeks
22 units x 51 weeks x 85% = 953.7 weeks
Total = 12,581.7 net weeks

However, for 2012, because of delinquent weeks and off-line weeks, 11,388.3 net weeks was used to calculate the maintenance fees.

Here is the formula used: 1000/11,388,300 x $9,037,225 = $793.55 (LO)

850/11,388,300 x $9,037,225 = $674.52 (TR)

If there were no delinquents and off-lines the fee would have been:
1000/12,581,700 x $9,037,225 = $718.28 (LO)

850/12,581,700 x $9,037,225 = $610.54 (TR)

From the above, the lock-off weeks paid an additional $75.27 and the terrace weeks paid an additional $63.98 because of delinquencies and off-lines.


For 2013, because of delinquent weeks and off-line weeks, 10,829.1 net weeks was used to calculate the maintenance fees. Use the above formula and replace the net weeks and budget amount for 2013 for both scenarios.

The lock-off weeks paid an additional $118.15 and the terrace weeks paid an additional $100.42 because of delinquencies and off-lines.

For 2012, the budget was $9,037,225 (not including HST) versus the financials that show maint fees receipts of $9,538,384 and fees net of bad debts of $8,730,441. Does this mean that $306,784 less than budgeted was collected? An additional 380 delinquent weeks?

 

[morena]

what about earlier post

What these guys are doing is putting the fear of god into everybody with all there threats and buy doing this knowing that alot of the owners are elderly and do not like the idea of lawyers, judges, bill collectors . They are banking on the seniors paying the cancellation fees before the end of May31. If we all stick together and do not cave in we will beat this case. I am not giving these bandits one thin dime.
I recommend that everyone phone 18774274088, this is service Alberta and the website is www.servicealberta.gov.ab.ca/562.cfm. they protect consumers from Alberta and others that have problems with Alberta businesses. This is the fair Trading Act and they deal with timeshare fraud. You can download a Government of Alberta Consumer Complaint Form and fill it out and fax all the info. to them. The Fair Trading Act Laid Charges against the same type of companies like Northwynd at Canmore Alberta and won the case and the owners sued them in court for damages. Northwynd is a Calgary based company and can be charged. Everyone should be doing this.

Did you read the earlier post #245 about Canmore and how the antifraud case of 168 cases of fraud over 5000.00 was inexplicably dropped? I don't know if this was posted to scare us or what? Are you sure that individuals won these cases?

 

[cindyrend]

So here's what I'm wondering, some owners have already retained lawyers that will represent them at court, but won't whatever decision the judge makes impact all owners the same?

 

[twoofus]

It is going to cost one way or another

These timeshare agreements go against the Charter OF Rights. We have to get after the Federal and Provincial governments to not allow timeshares in Canada. There are problems with timeshares throughout all of North America.

As of today, our position hasn't changed ..we just want out. We don't want to leave our adult children with this ongoing nightmare. We initially have our lease at $13,500 + RCI 3,500 - so for approx. 17,000 (paid) and $900 + mtce fees due in 2014 ....we want to just surrender our lease - but are unable to pay for this 'opportunity'. Someone's query about will a 'payment' plan ($100.00) be offered for this option as well be forthcoming is something we will have to wait and see.

We were unable to commit to a group that was requiring a $1000.00 retainer, so solicited our own legal advice ($436.80) - which basically netted us the info that we are much better off participating in a group - so we have now committed to the group out of Victoria with a retainer of $300.00 - we will now wait and see what transpires. We felt totally inept at trying to pursue this on our own, and to do nothing and wait and see felt similiar to not participating in an election vote- Good Luck to us all.

I quoted the 'we have to get Federal & Provincial ....' above, as once this current issue is underway (after May 31/June20) I think we need to stay here (together) on this and focus our energies as per quote.

 

[disillusioned]

Is this applicable to us "Agreements void for non-compliance
23 A promise or an agreement to purchase or lease a development unit is not enforceable against a purchaser by a developer who has breached any provision of Part 2 [Marketing and Holding Deposits].
I found it in this document from BC law concerning Real Estate Development Marketing Act http://www.bclaws.ca/EPLibraries/bclaws_new/document/ID/freeside/00_04041_01

 

[Spark1]

As of today, our position hasn't changed ..we just want out. We don't want to leave our adult children with this ongoing nightmare. We initially have our lease at $13,500 + RCI 3,500 - so for approx. 17,000 (paid) and $900 + mtce fees due in 2014 ....we want to just surrender our lease - but are unable to pay for this 'opportunity'. Someone's query about will a 'payment' plan ($100.00) be offered for this option as well be forthcoming is something we will have to wait and see.

We were unable to commit to a group that was requiring a $1000.00 retainer, so solicited our own legal advice ($436.80) - which basically netted us the info that we are much better off participating in a group - so we have now committed to the group out of Victoria with a retainer of $300.00 - we will now wait and see what transpires. We felt totally inept at trying to pursue this on our own, and to do nothing and wait and see felt similiar to not participating in an election vote- Good Luck to us all.

I quoted the 'we have to get Federal & Provincial ....' above, as once this current issue is underway (after May 31/June20) I think we need to stay here (together) on this and focus our energies as per quote.

Have you received Audited Statements yet. If not they have breached your agreement. My agreement states prior to the 31st day of March in each calendar year, send to the lessee. They have also breached my agreement item number 9 stating we have to replace their resort, it doesnot say that in my agreement. There are two agreements out there one being co-owners and the other vacation villa lease. They are different.

 

[CindyD]

Victoria Law Firm

As of today, our position hasn't changed ..we just want out. We don't want to leave our adult children with this ongoing nightmare. We initially have our lease at $13,500 + RCI 3,500 - so for approx. 17,000 (paid) and $900 + mtce fees due in 2014 ....we want to just surrender our lease - but are unable to pay for this 'opportunity'. Someone's query about will a 'payment' plan ($100.00) be offered for this option as well be forthcoming is something we will have to wait and see.

We were unable to commit to a group that was requiring a $1000.00 retainer, so solicited our own legal advice ($436.80) - which basically netted us the info that we are much better off participating in a group - so we have now committed to the group out of Victoria with a retainer of $300.00 - we will now wait and see what transpires. We felt totally inept at trying to pursue this on our own, and to do nothing and wait and see felt similiar to not participating in an election vote- Good Luck to us all.

I quoted the 'we have to get Federal & Provincial ....' above, as once this current issue is underway (after May 31/June20) I think we need to stay here (together) on this and focus our energies as per quote.

We have contacted the Victoria Lawyer and I hope this is not just another scam, seems like everyone has there hands in our wallets.

 

[aden2]

[U]We were unable to commit to a group that was requiring a $1000.00 retainer, so solicited our own legal advice ($436.80) - which basically netted us the info that we are much better off participating in a group - so we have now committed to the group out of Victoria with a retainer of $300.00 - we will now wait and see what transpires. We felt totally inept at trying to pursue this on our own, and to do nothing and wait and see felt similiar to not participating in an election vote- Good Luck to us all.

I quoted the 'we have to get Federal & Provincial ....' above, as once this current issue is underway (after May 31/June20) I think we need to stay here (together) on this and focus our energies as per quote.[/QUOTE][/B

Glad to hear you are with a a group. I would also suggest that you go to ["]Alberta Fair Trading Act. Since their was a violation of our timeshare contract i.e. no yearly audited financial report, unable to give an audit for 2009 & 2010 as documents missing, no reserve fund as 15% required in contract etc. This all means that under Alberta Law your contract can be voided. Alberta Law applies to the Sunchaser villas, because the business offices are in Alberta.

 

[gilker]

money grab?

just wondering; since they can charge a 15% fee on the reno's...on 40 mill that works out to 6 mill they collect in fees. I am wondering where does that go? that is a large amount of money

 

[mmchili]

www.mountainsidevillas.com
Communication to Owners
IMPORTANT NOTICE
There have been a number of communications published recently about the Timeshares at Fairmont. Some of these communications have associated Mountainside Villas with Northwynd Properties Real Estate Investment Trust (Northwynd Properties). Northwynd operate the Timeshare Development on the west side of highway 93/95 in Fairmont.
Mountainside Villas are a completely separate entity and the real estate is owned by Fairmont Hot Springs Resort Ltd. and managed by Fairmont Villa Management. There is no association between the two companies, nor has there ever been.
We, at Fairmont Villa Management have been receiving a number of calls wondering if we are included in Northwynd Properties current “cash call”. At Mountainside we are very proud of the fact that we have been able to operate Mountainside Villas within our operating budgets, are in good financial health along with a substantial reserve.

 

[ERW]

A somewhat unrelated question but an interesting thought all the same...

If the owners are being held responsible for the bulk of the renovation costs, does that mean the owners could potentially be issued cheques in the event that the resort makes money somewhere down the road?

:hysterical:

 

[condomama]

www.mountainsidevillas.com
Communication to Owners
IMPORTANT NOTICE
There have been a number of communications published recently about the Timeshares at Fairmont. Some of these communications have associated Mountainside Villas with Northwynd Properties Real Estate Investment Trust (Northwynd Properties). Northwynd operate the Timeshare Development on the west side of highway 93/95 in Fairmont.
Mountainside Villas are a completely separate entity and the real estate is owned by Fairmont Hot Springs Resort Ltd. and managed by Fairmont Villa Management. There is no association between the two companies, nor has there ever been.
We, at Fairmont Villa Management have been receiving a number of calls wondering if we are included in Northwynd Properties current “cash call”. At Mountainside we are very proud of the fact that we have been able to operate Mountainside Villas within our operating budgets, are in good financial health along with a substantial reserve.

(And re my posting along time ago, it seems, at # 172) - thanks for the confirmation. Mountainside has always been well run, maintained, and a joy to visit. Regardless of the fact that it's right across the road from Riverside, we've always had to pay to exchange or getaway through II - perhaps for good reason!

 

[montanalady]

As of today, our position hasn't changed ..we just want out. We don't want to leave our adult children with this ongoing nightmare. We initially have our lease at $13,500 + RCI 3,500 - so for approx. 17,000 (paid) and $900 + mtce fees due in 2014 ....we want to just surrender our lease - but are unable to pay for this 'opportunity'. Someone's query about will a 'payment' plan ($100.00) be offered for this option as well be forthcoming is something we will have to wait and see.

We were unable to commit to a group that was requiring a $1000.00 retainer, so solicited our own legal advice ($436.80) - which basically netted us the info that we are much better off participating in a group - so we have now committed to the group out of Victoria with a retainer of $300.00 - we will now wait and see what transpires. We felt totally inept at trying to pursue this on our own, and to do nothing and wait and see felt similiar to not participating in an election vote- Good Luck to us all.

I quoted the 'we have to get Federal & Provincial ....' above, as once this current issue is underway (after May 31/June20) I think we need to stay here (together) on this and focus our energies as per quote.

With regards to surrender, which I plan to do, I took this mess to my lawyer along with the contract I signed in 2000. She pointed out that Provision 13 (Default of the Lessee in any payment required under this Lease) allows me to surender the property through non-payment for 16 months at which time it will be considered that I have offered it for sale back to the lessor for.....(multiple calculations)...a small amount. But it does NOT allow them to charge me for surrender of the lease!

She wrote a letter for me stating the above.

 

[Meow]

As of today, our position hasn't changed ..we just want out. We don't want to leave our adult children with this ongoing nightmare. We initially have our lease at $13,500 + RCI 3,500 - so for approx. 17,000 (paid) and $900 + mtce fees due in 2014 ....we want to just surrender our lease - but are unable to pay for this 'opportunity'. Someone's query about will a 'payment' plan ($100.00) be offered for this option as well be forthcoming is something we will have to wait and see.

We were unable to commit to a group that was requiring a $1000.00 retainer, so solicited our own legal advice ($436.80) - which basically netted us the info that we are much better off participating in a group - so we have now committed to the group out of Victoria with a retainer of $300.00 - we will now wait and see what transpires. We felt totally inept at trying to pursue this on our own, and to do nothing and wait and see felt similiar to not participating in an election vote- Good Luck to us all.

I quoted the 'we have to get Federal & Provincial ....' above, as once this current issue is underway (after May 31/June20) I think we need to stay here (together) on this and focus our energies as per quote.

Twofus,
We would like to contact the Victoria group you have just joined. Could please pass on the contact information? Thanks.

 

[fairmontlvr]

Mountainside

www.mountainsidevillas.com
Communication to Owners
IMPORTANT NOTICE
There have been a number of communications published recently about the Timeshares at Fairmont. Some of these communications have associated Mountainside Villas with Northwynd Properties Real Estate Investment Trust (Northwynd Properties). Northwynd operate the Timeshare Development on the west side of highway 93/95 in Fairmont.
Mountainside Villas are a completely separate entity and the real estate is owned by Fairmont Hot Springs Resort Ltd. and managed by Fairmont Villa Management. There is no association between the two companies, nor has there ever been.
We, at Fairmont Villa Management have been receiving a number of calls wondering if we are included in Northwynd Properties current “cash call”. At Mountainside we are very proud of the fact that we have been able to operate Mountainside Villas within our operating budgets, are in good financial health along with a substantial reserve.

As an owner at both Mountainside Villas and Sunchaser for the past 8 years, I can vouch for the night and day difference between how these two two companies have been run. At first we rather enjoyed the uniqueness and differences of the two different timeshare resorts, so close in distance yet so different in what they had to offer. We have always spent one week at one resort and then switched over to the other.

In the past 3 years we have noticed a rapid increase in our Maintenance fees at Sunchaser at a much higher rate then those at Mountainside. Yet Mountainside has and continues to upgrade the units using the funds that have been properly set aside for renovations.

If any of you are opting out of Sunchaser but still are looking for experiencing and enjoying the Fairmont Hot Springs area, I would not hesitate suggesting looking at picking up a used timeshare at Mountainside Villas. Night and day difference in how these two are managed.

 

[ERW]

Does anyone know any details (or where I can find details) about the Canmore resort as mentioned earlier? Just curious if it was a similar situation to ours.