Thanks all... Actually I was hoping to get it as an exchange but from what you all said it seems hard to do so. Do you know of any other good resort in Panama City that I may search for an exchange?
That all sounds great and makes me even happier about my purchase. I have a couple of resorts where the developer (Festiva) has employees on the board and way too much control. I am happy that that is not the case here. I am a little worried because someone posted on TUG that Festiva (a developer who puts employees on the HOA after gaining majority vote) was buying Escapes. I figured that other than raising MF's and assessing that they couldn't hurt me much since I bought a fixed week. Plus I have never heard again if they are actually buying or trying to buy Escapes.If the HOA is strong here and they make sure that Escapes remains a minority owner then this resort should be fine. I look forward to staying here for the first time.I would include it in your search, just don't be surprised if you don't get it.
Tombo - there is one HOA, owner controlled. Escapes owns a somewhat large percentage of the inventory, and may have their own HOA of sorts, but any decision they make would have to come before the resort HOA before being implemented, because they own a minority interest.
And yes, it was rebuilt from the ground up - Opal took out everything except one wall. It took so long to rebuild because the original HOA allegedly allowed the original developer to take the insurance proceeds and run, and other shenanigans. Now that the current HOA has taken over, it's not likely to allow any developer to have significant control, as is the case with many resorts, even after they are considered sold out.