- Joined
- Jun 20, 2007
- Messages
- 1,638
- Reaction score
- 169
- Points
- 424
- Location
- Apex, NC (The Peak of Good Living)
- Resorts Owned
-
MFV (P) 2002
MSU (G) 2006
MOW (P) 2018
Enrolled in DP +++
I've owned at MFV for 18 years now. It was our first MVC purchase, and got us started. We used to live in NY, just a few hours drive to MFV, and went there somewhat regularly with our week. Almost 4 years ago, we moved to NC and it is very unlikely we will go back to MFV. I have been using it to elect points each year since then. It is not a great MF to DP conversion, at $0.73 per point. Even though I don't go, I am still interested to know how the GM plans to run things, and how she can keep costs down, along with the board. When the Elizabeth Arden conversation came up, here on TUG, the new GM's contact info was posted. I reached out to her with some specific questions. She called me the other day and we had a 30+ minute conversation. Here are some of the notes from our call.
About Yari:
At the end, she said it was good to have the conversation, because she has had conversations with several guests at MFV during her time there. She said most of the conversations she has, the guests say things like, "I love the new additions, we hope you keep adding more", "we love coming back to MFV, and come 4-5 weeks per year", "I wish we could come here more often", and the like. Whereas my conversation was more like, please figure out way to limit the addition of things that aren't truly necessary, and find ways to decrease our expenses instead of increase our expenses year after year. It shouldn't be a steady increase unless it is absolutely needed. She said it will help her balance expenses with both sides in mind as she make decisions going forward. That would be great!
That is all.
Hopefully this is helpful to any MFV owners.
About Yari:
- She has been with MVC for about 20 years.
- Most recently, she was at Canyon Villas (I think she said as GM, but I may be wrong on that).
- She also worked in Orlando at different resorts and in the corporate offices there for several years.
- She joined MFV in July of last year, moving to NJ with her family (2 kids).
- NJ passed a minimum wage law, which is forcing gradual yearly increases until it reaches $15
- This is impacting them at the resort and also from their vendors, who are passing this cost onto the resort
- In 2020 MF's, there was a 5% increase to the reserve line item, because the 20 year renovation is starting this year, in October
- During the renovations, they will be removing the fireplaces and jacuzzi hot tubs from each villa
- These are 2 of the most frequent maintenance items in the villas. Estimated to decrease cost of reserves, water, electricity and maintenance from our MF's.
- The hot tubs also caused one of the most common complaints, as the noise in surrounding villas was loud while the water filled.
- During the renovations, they will be removing the fireplaces and jacuzzi hot tubs from each villa
- We discussed how new features are decided to be added. She said the governing documents dictate how this process should run by the board. It is up to the board, with her input to determine if it is a want or a need. Also to try to determine if it is a benefit to many or some guests. She was going to look into a process where owners could electronically vote on the final list of new features. She doubts MVC will invest in that type of technology, and I agree.
- She was not very pleased to see that one of the "features" added at MFV recently was the smoking gazebo's. I had mentioned that my personal opinion is that it is crazy to implement such a feature when it is exactly opposite the corporate stance of Marriott and MVC. She agreed.
- Half of that building is owned and maintained by the MFV HOA and half of the building is owned and maintained by MVC.
- The portion Elizabeth Arden was using is MVC
- The portion with the indoor pool, locker rooms/bathrooms and fitness room is MFV HOA (as well as the grounds and outdoor pool)
- The lease was going to end this spring.
- Elizabeth Arden RD spa is going through a global rebranding including the look/feel of their spas, as well as their product line. They are trying to broaden their demographic.
- Elizabeth Arden informed MVC that if they continued the lease, they would require renovations to get in line with the rebranding effort. At that time, MVC and Elizabeth Arden made the mutual decision to terminate the lease.
- The termination of the lease has NO IMPACT on MFV owners financially, in any way.
- Since the Elizabeth Arden closure:
- The indoor pool, fitness center and hot tub are still available
- The locker room was updated and bathrooms are still available
- They opened a juice bar through the spring (mostly weekend hours) with drinks and some food options
- Decision to be made later whether it will remain open during summer months
- Adult pool will open for the summer and remain Adult-only
- The hot tubs, cold tubs and sauna that were operated by Elizabeth Arden and are no longer available. The area is secured (locked).
- Yari does not believe they will be able to find another spa type vendor to take the space. She said there are a lot of new or updated casino's in Atlantic City that have very high end spas, and it would take a lot of technology and structural changes to get a spa to be able to compete with those spas.
- MVC is investigating several ideas for what to do with the space. They will work with the board when they identify their top choices. Some ideas may include repurposing the area and converting it to MFV HOA owned property. This would require approval from the board.
- She said depending on the selection, this could impact owners in one of many possible ways:
- If structural changes are needed, a closure to the rest of the facility may be needed, which would impact our usage of those amenities.
- If they do decide to convert it to some other use and switch the ownership to MFV HOA, that will obviously mean our MF's increase to also cover the cost of that new building and whatever use/purpose the area includes.
- She said depending on the selection, this could impact owners in one of many possible ways:
At the end, she said it was good to have the conversation, because she has had conversations with several guests at MFV during her time there. She said most of the conversations she has, the guests say things like, "I love the new additions, we hope you keep adding more", "we love coming back to MFV, and come 4-5 weeks per year", "I wish we could come here more often", and the like. Whereas my conversation was more like, please figure out way to limit the addition of things that aren't truly necessary, and find ways to decrease our expenses instead of increase our expenses year after year. It shouldn't be a steady increase unless it is absolutely needed. She said it will help her balance expenses with both sides in mind as she make decisions going forward. That would be great!
That is all.