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[2013] Good ski area TS values on the resale market?

feckman

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So, my wife and I have just put in an offer on a week at the Westin Ka'anapali which will hopefully pass ROFR. The other thing we do (and will continue doing) regularly is head out west for a week of big-mountain skiing every year.

Our preferred location has been Breckenridge, CO, but we're very open to other Colorado and Utah resorts. In fact, Utah would probably be better since Southwest flies into SLC and so many of the resorts are so close (compared to Denver's proximity to the Colorado ski areas).

I would love to get opinions on what properties in these areas might offer a good value on the secondary market. We're looking for a 2BR in peak season.

We've seen the Marriott, Hilton and Grand Lodge at Peak 7 properties in Breck, but it looks like they're all pretty expensive on the resale market. The Marriott StreamSide in Vail seems to be fairly inexpensive to buy-in, but I've read many things on TUG that make me nervous about it.

Does anyone have suggestions about resorts we should look into?

Many thanks in advance!
 

PigsDad

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You should also consider Grand Timber Lodge, the sister property to Grand Lodge on Peak 7 in Breckenridge. It is a little bit older, but they have been very good about keeping it up to date. It is a ski-in, ski-out (via trails), and since it is a bit older, is more reasonable resale. The MFs are much more reasonable than the other name-brands, which makes it even more of a bargain.

If I were to buy a dedicated ski week, this property would be top on my list.

Kurt
 
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Westgate Park City is very nice
Marriott Mountainside and Summitwatch in Park City are great
Park Plaza inPark City is the cheapest
 

bogey21

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If you are looking for a clean, spacious 2 bedroom, 2 bath to act as your home base for skiiing Keyston and/or Breckenridge costing less than $1,000, I'd recommend one that we used to trade into all the time, Val Chatelle III in Frisco. A plus is that Frisco has a neat downtown right around the corner from Val Chatelle III.

Another is the one we now own, Orofino at Straight Creek in Dillon where the MF this year was all of $415. It is an easy drive to both Keystone and/or Breckenridge from both. Nothing fancy about either, but if keeping costs down is important, I think you would be well satisfied with one of these.

George
 
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T_R_Oglodyte

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You can probably pick up a Raintree Vacation Club ownership for less than $2000 that will get you into Park City, Telluride, or Whistler.
 

Robert D

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I think Vail and Beaver Creek are among the best and like Lakeside Terrace, which is part of the Starwood chain, for the quality of the resort, maintenance fee ($1,070 for a large 2BR), and resale cost. Regarding Marriott Streamside, the only two viable buildings are Douglas and Evergreen as Birch MF's are ridiculously high and quality not as good. The maintenance fees are higher than LT (about $1,450 for Evergreen 2BR, 2baths and $1,340 for Douglas 1BR, 2Baths). Sheraton Mountain Vista is also very nice and equivalent quality to Lakeside Terrace but the maintenance fee is higher. Eagle Point in Vail and Falcon Point in Avon are nice independent resorts with reasonable MF's but I think they are a notch down from Lakeside Terrace and Sheraton Mountain Vista.
 

Deb from NC

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Another vote for Grand Timber Lodge in Breck...we were there a couple of weeks ago and thought it was great.
 

feckman

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Thanks for all the input! Many of these resorts look great, but I remember seeing Grand Timber Lodge in passing and we were impressed. I like that it's right in Breck, ski-in/ski-out and the MFs look very reasonable. It also looks like they don't have ROFR which is fantastic.

I'm definitely going to keep my eyes peeled here and on RedWeek and eBay for a 2BR resale. Anyone have thoughts on what a fair offer price would be on a 2BR winter annual?

Many thanks again. Looks like we've been bitten hard by the TS bug... :)
 
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Thanks for all the input! Many of these resorts look great, but I remember seeing Grand Timber Lodge in passing and we were impressed. I like that it's right in Breck, ski-in/ski-out and the MFs look very reasonable. It also looks like they don't have ROFR which is fantastic.

I'm definitely going to keep my eyes peeled here and on RedWeek and eBay for a 2BR resale. Anyone have thoughts on what a fair offer price would be on a 2BR winter annual?

Many thanks again. Looks like we've been bitten hard by the TS bug... :)
Be careful as their reservation system is strange....I think it is some rotation so you may not always get the week you want or need

a rigorously tested computer program will determine what week you will get
by using an algorithm that is not based on a “first come, first served” system but rather a formula that will match as many owners to one of their top 5 choices as possible with the available inventory.


http://www.grandtimber.com/pdf/BGVAnnualRezSystemFAQ.pdf
 

feckman

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Be careful as their reservation system is strange....I think it is some rotation so you may not always get the week you want or need

a rigorously tested computer program will determine what week you will get
by using an algorithm that is not based on a “first come, first served” system but rather a formula that will match as many owners to one of their top 5 choices as possible with the available inventory.


http://www.grandtimber.com/pdf/BGVAnnualRezSystemFAQ.pdf
Wow, that is really strange... Anyone have experience with this system or one like it?

We're also considering the Valdoro Mountain Lodge. Opinions?

Thanks again!
 

bogey21

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Wow, that is really strange... Anyone have experience with this system or one like it?
I used to own a MROP Week that rotated between Red, Blue and White (or whatever the colors were) so that one year you got Red, one year Blue, etc. They also had set one Week each year when everyone who wanted to participate would send in their exchange requests which were allocated by some mysterious formula. Actually it worked pretty good.

George
 

Deb from NC

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There's a 2 bedroom/ 2bath EOY for sale at Grand Timber Lodge on eBay right now...ad says it floats from week 1-15 & 48-50. Current bid is $999....might be worth checking out !
Deb
 
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feckman

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There's a 2 bedroom/ 2bath EOY for sale at Grand Timber Lodge on eBay right now...ad says it floats from week 1-15 & 48-50. Current bid is $999....might be worth checking out !
Deb
Definitely, thanks! We're really hoping for annual, but if the price is right... :)

Does anyone know how the EOY works when the season spans years? In other words, when the weeks are 48-50 and 1-15, which year do you actually get the unit?

Thanks again.
 

Deb from NC

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Definitely, thanks! We're really hoping for annual, but if the price is right... :)

Does anyone know how the EOY works when the season spans years? In other words, when the weeks are 48-50 and 1-15, which year do you actually get the unit?

Thanks again.
Good question, I don't know that. You might try callling Grand Timber Lodge directly..all of the staff there was very friendly and accomodating..and not pushy about sales, which was a pleasant change from our usual Wyndham vacations!
Deb
 
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I have been to both of these and they are nice, but not as nice as the Marriott or Westgate Park City properties.

Neither are ski-in/out but the Snowbird one is a short walk to the lifts, where Park Plaza is a bus ride.
 

x3 skier

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Stayed at the Park Plaza in Park City a couple of week's ago and the remodeled units were very nice. Just wrote a TUG review. I used an exchange from the Raintree System.

Cheers
 

feckman

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Good question, I don't know that. You might try callling Grand Timber Lodge directly..all of the staff there was very friendly and accomodating..and not pushy about sales, which was a pleasant change from our usual Wyndham vacations!
Deb
I gave them a call and, although the woman I spoke to was less than thrilled to be talking to a non-owner, she confirmed that the usage is per *calendar year* NOT per season. In other words, you get access to weeks 1 - 15 or 48 - 50 in the same calendar year.

Seems weird to me, but I guess it shouldn't really matter since you can only use one week per year anyway.
 

feckman

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Robert D

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Lakeside Terrace in Vail Valley

I think for the money, Lakeside Terrace in the Vail Valley (in Avon, CO) is hard to beat. It's Starwood quality (Sheraton, Westin), 1,400 sq. ft. 2BR/2Bath, sleeps 8, and is very nice. Guests get free use of the Avon Recreation Center across the street which has 40,000 sq. ft. of pools, slides, hot tubs, sauna, and exercise equipment. It's at the base of Beaver Creek, 9 miles west of Vail. MF's are $1,075 which is pretty reasonable for a nice resort in the Vail Valley.
 
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Looks interesting! It's a 2BR which is good, but the minimum entertained offer of $12,500 seems too high.
That is dirt cheap as those rooms rent for over $800 per night to non-owners.

This is a ski week and those are premium priced as there are only 16 weeks out of 52 weeks that are desirable.
 

feckman

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That is dirt cheap as those rooms rent for over $800 per night to non-owners.
Sorry, what I meant is that it's too high for us. If $12,500 is dirt cheap, the seller shouldn't have any trouble unloading it.

What we're looking for is a good value. The more we look, that seems to mean finding a motivated seller at a place without ROFR. Slopeside (or as close to that as possible) is ideal. This has shifted our focus to the Grand Timber Lodge and Valdoro Mountain Lodge in Breck. We were able to pick up a very inexpensive EOY unit at Lakeside Terrace on eBay last week (thanks to Robert D for the suggestion!), so we have the luxury of waiting to find just the right deal on a GTL or Valdoro annual.

Anyway, thanks again to all for all the suggestions, and please feel free to make more if there are other places we missed and should consider!
 

hipslo

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Sorry, what I meant is that it's too high for us. If $12,500 is dirt cheap, the seller shouldn't have any trouble unloading it.
Actually, that sounds pretty close to market value for platinum weeks at summit watch these days.
 

hipslo

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That is dirt cheap as those rooms rent for over $800 per night to non-owners.
$800 per night is marriott's pricing. With some patience, those units can be rented from an owner for much less than that - around $2500 per week. (which still results in a 10% plus annual return to the owner on the purchase price, after maintenance fees).
 
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