jailives said:
By the way, what is the range of cost a resort charges to convert weeks to points?
When I converted my Champions' Run week, I was charged $1 (yes, one dollar) plus RCI's $199 fee. This is because Champions' Run is managed by ORE (Owners' Resorts and Exchange) and they have a policy of keeping fees down. (Although I supposed the HOA could have set a higher conversion fee if they wished.)
One of ORE's staff members told me that she had gone through RCI's training for resorts who want to sell RCI Points, and that $1000 was the conversion price that was suggested by RCI in the seminar she attended.
Presumably, there are some new costs when a resort decides to join RCI Points, especially if the resort goes from weekly to daily bookings. Still, once the resort has set up its Points system, there really is very little cost to "converting" an individual owner to points. As far as I can tell, the resort (or whoever is the conversion broker) just fills out a two-page form. This is why some resorts set their conversion price very low.
BRW said:
We are considering purchasing a weeks unit at Breezy Point in Minnesota. I would like to convert it to points because we have been pleased with the points system, but Breezy Point charges $ 2,195 for the conversion! That really lowers the value of the weeks units. Can't RCI or Breezy Point owners do anything to persuade the resort to be more reasonable ?
BRW, is Breezy Point managed by an HOA or by the developer? If it's HOA-controlled, they could look for a cheaper conversion broker. If it's the developer, I don't think there's much you can do.
By the way, many of the VRI resorts charge $2900 to convert even though they are all HOA controlled, so in some cases it seems the HOA hasn't negotiated a lower conversion cost.