Grand Crowne sold their own points product (based on a floating deed or a converted fixed week deed) that had a specific (quite favorable to the Grande Crowne owner) exchange chart with II. It seems Grand Crowne also had II running the reservation/exchange system for them.
In reference to this point system, 'Grand Crowne' is not just one resort, there's also mention of 'Carriage Place' ... so think 'mini-system'.
This is not II CIG (Club Interval Gold) even though the point ranges are similar. I included some CIG info below for comparison.
Here is a related TUG thread from July 2008, I highlighted a couple of points relative to this discussion.
https://tugbbs.com/forums/threads/surrey-grand-crowne-resort-questions.76302/
I have a chance to pick up 100,000 points annually for $100.00 this includes closing costs. I understand that this is considered a 5 Star with II and the sale also includes II annual membership. MF's are $566.00 per year.
I know nothing about how points work as my other timeshares are floating weeks. Is this a good deal and how do points work with II? I would only buy this as trade stock, I would probably never go there. I need advice please. I have 24 hours to decide.
Suzanne
This deal sounds funny to me. I own at Grand crowne and I am looking at my point book and it does not have a 100,000 point week. The smallest A unit is 68500 for a red week and 47500 for yellow weeks 1-9. Next is C unit which is 78500 & 55000. Last is B unit the largest which is 97000 & 68500. Of course you can combine A-B or B-C or A-B-C but that would all cost over 100,000 points. Also maint. fees are charged per bedroom owned, 1 bed = $ 402.00, 2 bed = 604.00 and 3 bedrooms are 806.00 so you maint fee seems off.
Check it out and find out more detail and I will be glad to help. Right now it just does not seem right.
Steve
Suzanne,
According to my points book, it sounds like it is a mid-season (week 1-9) two bedroom B unit in building G, H or I at the Carriage Place. The maintenance fees are a little lower there than at the Grand Crowne Country Club. The sales price is right but I have seen better buys out there when you compare maintenance fees to the number of points you are getting. The maintenance fees of the 2 bedroom unit is the same whether it is a prime season week or a mid-season week but the number of points for a prime season week in that unit is 150,000 points compared to 100,000 for the mid season week. Recently a 3 br penthouse unit sold on E-Bay for $1136 + $549 for closing costs and transfer fee. The number of points was 375,00 points (It must be one of the new Royal Suites which we were shown at the owner update) and the MF is $812. The initial cost is higher but for only $246 more in maintenance fees you would get 375,000 points instead of 100,000 points. If you exchange through II in prime season it takes 47,500 points for a studio, 68,500 points for a 1 br, 148,000 points for a 2 br and 221,000 points for a 3 br. I think the points per maintenance fee cost is more important than the initial selling price.
Bernie
For reference info, here is what II published about CIG
Under Club Interval, once the Home Resort accommodations are deposited, all rights to the use of same for the week(s) deposited are immediately assigned to II. Once a deposit is made, the deposited week(s) may not be withdrawn. The number of Club Interval Points that will be allotted to a Club Interval Gold Member based on their deposit of a unit week, and election to convert it to Club Interval Points shall be determined based on the Club Interval Weekly Points Values chart, which is established by II from time to time, at its sole discretion, upon publication on II’s website, intervalworld.com.
From 2023 II Buyers Guide
The current Club Interval Weekly Points Values chart is as follows:
Club Interval Weekly Points Values*
TDI Range | 4-Bedroom | 3-Bedroom | 2-Bedroom | 1-Bedroom | Studio | Hotel Room |
| 135 – 150 | 123,750 –181,500 | 101,250 – 148,500 | 78,750 – 115,500 | 67,500 – 99,000 | 45,000 – 66,000 | 40,500 –59,375 |
| 115 – 130 | 103,125 –151,250 | 84,375 – 123,750 | 65,625 – 96,250 | 56,250 – 82,500 | 37,500 – 55,000 | 33,750 –49,500 |
| 90 – 110 | 82,500 –121,000 | 67,500 –99,000 | 52,500 – 77,000 | 45,000 – 66,000 | 30,000 – 44,000 | 27,000 –39,625 |
| 65 – 85 | 61,875 –90,750 | 50,625 – 74,250 | 39,375 – 57,750 | 33,750 – 49,500 | 22,500 – 33,000 | 20,250 –29,750 |
| 50 – 60 | 41,250 –60,500 | 33,750 – 49,500 | 26,250 – 38,500 | 22,500 – 33,000 | 15,000 – 22,000 | 13,500 –19,750 |
So does Capital Vacations (or II) have the right to terminate the II run internal points program and the formerly favorable II exchange rate?
We have seen that happen with Hyatt (devaluation of II exchange rate).
To the OP, what exactly does your original purchase contract say you bought? Yes you have said it is deeded ownership (fixed or floating?) that was assigned 'points' (Grand Crowne points).
But what does the contract say about the points? I expect there is contract language that allows modification of the points program ...