From the Maui Ocean Club's President's letter I just received.
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Crazy that the MFs for MOC 1 have basically caught up with the MFs at Westin Ka'anapali Ocean Resort Villas, which is arguably a much better product (much newer property, full kitchens, better furnishings, washer and dryer in unit, etc.) MOC used to be much cheaper than WKORV but the difference is now only $100 on a 2 bedroom villa, and that’s before adding in the extra reserve payment, which makes the MOC 1 a lot more expensive than WKORV. I never thought I’d see that.
Perhaps that’s the (in retrospect) obvious downside of a hotel conversion property like MOC… the property is quite old and eventually the costs of replacing old infrastructure are going to drive MFs up to the moon.
The plumbing project we are paying for is just drain lines, right? Or does it encompass supply lines too? I am thinking that both systems are probably near their end of life.
edit: Just read the entire president's letter, which indicates that they decided to replace the plumbing supply lines too. I’m surprised this was not part of the original project but I’m glad they are doing it now rather than making a second big project out of it.
I hope the electrical wiring is still in good shape, presumably most of it running through MOC 1 is original to the building. That would be another very expensive and disruptive project to replace. Presumably they evaluated that before planning the electrical switching upgrades they completed earlier this year.
The newly-remodeled units look nice. I doubt we will be lucky enough to get one of those when we arrive late next week, but I can hope!
