2012 MF's

[MALC9990]

That is a very good point Malcolm, being so close to Paris probably is a big driver of cost indeed. Also, I think there is more bureaucracy and therefore cost in France than Spain too. I suppose we make up the difference in that driving to Ile De France and using Tesco points for the channel tunnel is cheaper than 4 flights to Majorca. lol

Paris alos has 0 next to bad debt provision as well. Interesting stuff.

I think the reason for zero provision for bad debt may be that all 4 resorts in Europe are RTU rather than deeded property. So those owners that fail to pay their MFs are treated differently than owners in deeded property based resorts which are the norm in the USA. Basically if you or I failed to pay our MFs on our weeks at Marriott resorts in Europe, after two years of non-payment, the weeks are revoked and become the property of Marriott once more. Marriott then pay the MFs and can resell the week(s).

This means that the impact on the resort finances is temporary since they know that either the owner pays up or loses the week and then Marriott pays up and resells the week again.

 

[TravlinDuo]

Lakeshore Reserve 2012 Maintenance Fees

After reviewing the pages of this thread, I did not see anyone post 2012 Maint Fees for a 3BR Premier Plat week.

Base: $1214.28
Reserve: $305.72
Taxes: $190.40

Total paid in 2011: $1572.09