Breckenridge Grand Vacations - Purchasing Resale and "Club" benefits?

[grayhounddoogie]

What "Club" benefits do I lose by purchasing on the resale market at Grand Lodge on Peak 7 or Grand Colorado on Peak 8?

I realize I lose the "club points" and ability to reserve a partial week 6 months out. Can I still exchange my unit for a different week and would I still be considered an owner and allowed to stay with a pet? We currently own at Hyatt Main Street Station and unfortunately our HOA does not allow pets, so am considering unloading all our interests in that property and purchasing peak 7 or peak 8 properties.

 

[Robert D]

We bought a resale week at Peak 7 and are considered an owner and as far as I know have the same rights as all owners other than the club points thing.

 

[echino]

As a resale owner, you can reserve your week or deposit in II. Yes, owners can bring pets (dogs only), but only if a pet-friendly unit is specifically reserved.

For resale owners, no club points, no day use, no bonus time.

Owner Sales Disclosures - BGV

breckenridgegrandvacations.com

 

[timesharetorito]

We bought a resale week at Peak 7 and are considered an owner and as far as I know have the same rights as all owners other than the club points thing.

Are you able to book bonus time?

 

[Robert D]

Are you able to book bonus time?

Yes, I think we can.

 

[grupp]

Yes, I think we can.

Unfortunately, as a resale buyer you will not be able to use the bonus time.

 

[Robert D]

Unfortunately, as a resale buyer you will not be able to use the bonus time.

I sent an email to my contact at BGV owner services and they said Grand Timber resale buyers do get bonus time. Resale buyers at Grand Lodge Peak 7 and Peak 8 do not get bonus time because they are still actively marketing these resorts. They said Peak 7 resale buyers will probably get bonus time in a couple years after the resort is sold out.

 

[grupp]

I sent an email to my contact at BGV owner services and they said Grand Timber resale buyers do get bonus time. Resale buyers at Grand Lodge Peak 7 and Peak 8 do not get bonus time because they are still actively marketing these resorts. They said Peak 7 resale buyers will probably get bonus time in a couple years after the resort is sold out.

That would be nice it they did allow bonus time for Peak 7 and 8. But I have heard some speculate since they are taking weeks back on ROFR that they will always be actively marketing at these resorts. I had a winter week that I originally, picked up resale at reasonably price and paid to upgraded to winter plus during a promotion they ran a few years ago. This got me in at a fraction of what they sell the winter plus weeks for, but was a significant cost. Still not sure if it was the right thing to do, but glad I now have a winter plus week and bonus time is a nice perk.

 

[Robert D]

I only own one week at Peak 7 but own a lot of weeks at Grand Timber. They are still taking Grand Timber weeks back on ROFR and I think they also buy them from the HOA when the HOA takes them back and they do give bonus time at Grand Timber. My contact is pretty knowledgeable and my guess is you'll have bonus time at some point down the road. I don't think bonus time is worth the premium that you pay when you buy from the developer.

 

[SkiCat]

I only own one week at Peak 7 but own a lot of weeks at Grand Timber. They are still taking Grand Timber weeks back on ROFR and I think they also buy them from the HOA when the HOA takes them back and they do give bonus time at Grand Timber. My contact is pretty knowledgeable and my guess is you'll have bonus time at some point down the road. I don't think bonus time is worth the premium that you pay when you buy from the developer.

Do you know at what price Grand Timber will exercise the ROFR. I am looking to buy a 2/2 winter/annual at Grand Timber Lodge. I would like to start making some offers. Do you know a fair price to pay to avoid the ROFR? I have never owned a timeshare so I am new to this.

 

[echino]

Do you know at what price Grand Timber will exercise the ROFR. I am looking to buy a 2/2 winter/annual at Grand Timber Lodge. I would like to start making some offers. Do you know a fair price to pay to avoid the ROFR? I have never owned a timeshare so I am new to this.

They do not exercise ROFR.

 

[SkiCat]

What is a good price to pay for a Grand Timber Lodge - Winter/Annual 2/2 or 3/3. Any idea?

 

[echino]

What is a good price to pay for a Grand Timber Lodge - Winter/Annual 2/2 or 3/3. Any idea?

Not sure of the price, but there is one very important issue with Grand Timber Lodge reservations that I don't want to buy a week there, or even take one for free, unless it's a fixed week. The problem is their lottery system. You can't just reserve any winter week you want. You have to enter a lottery and list a few weeks you will take, but there is no guarantee you will get any of those. You may be assigned a bad week. If you are flexible and OK with any winter week - then Grand Timber Lodge is fine.

https://s33623.pcdn.co/wp-content/uploads/2022/03/GTL-Rules-and-Regulations-Schedule-1.pdf

 

[jbarrer]

What "Club" benefits do I lose by purchasing on the resale market at Grand Lodge on Peak 7 or Grand Colorado on Peak 8?

I realize I lose the "club points" and ability to reserve a partial week 6 months out. Can I still exchange my unit for a different week and would I still be considered an owner and allowed to stay with a pet? We currently own at Hyatt Main Street Station and unfortunately our HOA does not allow pets, so am considering unloading all our interests in that property and purchasing peak 7 or peak 8 properties.

If it is beneficial to you, you can pay $20K and get all those benefits. So if you get a unit at a "firesale" price that might be an option. I have owned at GLP7 for 10 years and I'm going there next week. I have never used Interval International points or bonus time. I just like skiing at Breck in such a great location, right on the slope.