Just Looking Around
newbie
"...difficulties faced by the Resort including, but not limited to: the general state of the time share industry, rising delinquency, the Resort's aging ownership base, and the delinquency from the necessary renovation invoice." (Kirk Wankel, April 10, 2017, NOTICE: AMENDMENT TO ALL AGREEMENTS.)
Mr. Wankel missed three difficulties faced by the Resort. (1)The inability or unwillingness of Management (Kirk Wankel) to operate the Property in a manner that provides even an approximation of a Resort Quality Guest Experience. (2)The failure of the Management (Kirk Wankel) to perform their timely due diligence on the structural integrity of the Property's buildings and lands. (3)The foolish, reckless and cavalier acquisition of over-valued properties (House Boats included) in disparate countries each with a different government, legal and tax framework, by a Management proven incapable of managing even one property in a country as stable and consistent as Canada, let alone Belize, Mexico, and Hawaii.
"...necessary renovation..."? I don't think so! It was just one option. One of the other options being to liquidate the Property and save us all from this protracted desperate dispute. Do we lose? Yes, we the VIA holders lose. But, I scientifically surveyed a sample of VIA holders and the survey says: The number one answer - there was only one answer - 100% would have preferred to liquidate the Property and pay nothing more while gladly surrendering all future vacations, which would be at a non-resort anyway, as opposed to paying an unlimited amount of money over the remaining years of the contract because of the ill-conceived renovation of Kirk Wankel's.
Mr. Wankel missed three difficulties faced by the Resort. (1)The inability or unwillingness of Management (Kirk Wankel) to operate the Property in a manner that provides even an approximation of a Resort Quality Guest Experience. (2)The failure of the Management (Kirk Wankel) to perform their timely due diligence on the structural integrity of the Property's buildings and lands. (3)The foolish, reckless and cavalier acquisition of over-valued properties (House Boats included) in disparate countries each with a different government, legal and tax framework, by a Management proven incapable of managing even one property in a country as stable and consistent as Canada, let alone Belize, Mexico, and Hawaii.
"...necessary renovation..."? I don't think so! It was just one option. One of the other options being to liquidate the Property and save us all from this protracted desperate dispute. Do we lose? Yes, we the VIA holders lose. But, I scientifically surveyed a sample of VIA holders and the survey says: The number one answer - there was only one answer - 100% would have preferred to liquidate the Property and pay nothing more while gladly surrendering all future vacations, which would be at a non-resort anyway, as opposed to paying an unlimited amount of money over the remaining years of the contract because of the ill-conceived renovation of Kirk Wankel's.