• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 29 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Come check it out for a chance to win a Free TUG membership (or renewal) just for helping out!

    Read more here
  • TUG has now saved timeshare owners more than $19,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $19 Million dollars
  • Our 2022 Timeshare Survey is now complete and the full results as well as our expert and witty analysis of each question is available here: Here We hope you enjoy reading the results as much as we did!
  • Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
  • Sign up to get the TUG Newsletter for free! 50,000+ subscribers! Latest resort reviews and the most important topics discussed by owners during the week!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
  • A few of the most common links here on the forums for newbies and guests!

Floating weeks at Newport long wharf?

jmpellet

TUG Member
Joined
Aug 1, 2008
Messages
370
Reaction score
0
Points
226
Location
Massachusetts
Hello: I saw an ad for floating weeks (weeks 25-35) at the Newport Long Wharf. I thought there were mainly fixed weeks or converted points here. Would a float during these weeks be relegated to the shoulders as there are many fixed weeks owners who will snatch them up?

Thanks,
Jo-Ann
 

Jya-Ning

TUG Member
Joined
Jul 15, 2005
Messages
2,461
Reaction score
2
Points
36
Location
DC Suburban
No, fix week is fix week, each has dedicate unit and week. Floating has its own inventory pool. Don't know how many in that pool and how does it managed, so can not tell. But in theory, if it has one unit put into floating pool like this, they can only sell exact number of week on this unit, so there should be exact 10 owner for that unit in the pool. And if they put 2 units, there will be exact 20 owners.

It becomes difficulty to figure it out when the pool is shared with other different floating slots. So if there are owners that float over like week 17-25, 32-47, and it is the same unit in the pool, you will have chance more people fighting same week (in this case, week 25, and 32 to 35), and thus although some week is not shared (26 to 31), it still causes same over crowd situation.

Jya-Ning
 

ausman

TUG Member
Joined
Jun 6, 2005
Messages
1,723
Reaction score
166
Points
423
Location
New England
Jo-Anne,

I think I have run across you on other sites.?

Long Wharf was sold in 3 floating periods. Red, White and Blue time. Wyndham conversions were done based on that.

If you can purchase a week 25-35 float you can reserve any week within that period.

It probably will not be converted to Wyndham points as explained elsewhere.

You will be in competition with other floating week owners as with all floating weeks so the earlier in the process you reserve the higher the chance of getting the week desired. But any week within that range is very good.
 

pianodinosaur

TUG Review Crew: Veteran
TUG Member
Joined
Jun 6, 2008
Messages
1,965
Reaction score
239
Points
273
Location
Texas
Resorts Owned
HGVC SeaWorld x 2, HGVC Las Vegas Strip x 2, MVC Mountain Valley Lodge, MVC Legend’s Edge
We had the pleasure of staying at the Fairfield LongWarf in Newport, RI before Wyndham took it over. The location is fantastic. The rooms are large. There is a great deal to see. We had some of the best seafood ever. You can check out the oldest active synagogue in the USA, where George Washington gave a speech, to the church where Jackie and JKF got married. You can go on a mansion tour and a murder mystery train ride. You will not be disappointed. We stayed in October 2003.
 

jmpellet

TUG Member
Joined
Aug 1, 2008
Messages
370
Reaction score
0
Points
226
Location
Massachusetts
We are very close to Newport (40 minutes) so it could be a sure thing for a vacation every year - even when flying costs are prohibiitive. I feel like I'm torn between a very close timeshare on the Cape or in Newport or one just for points somewhere else. Still trying to weigh my options so I appreciate all the advice.

Because Newport Long Wharf is floating (in this case) would I simply reserve a week (e.g. 30) and then deposit it into RCI? Because this is a floating week and not points would I have to pay the annual RCI membership?

Thanks,
Jo-Ann
 

acesneights

TUG Member
Joined
Jul 11, 2005
Messages
334
Reaction score
1
Points
16
Location
Charlotte, NC
Putting a prime summer week at Newport into RCI is a very bad move.

You might be able to rent the week for $1000-$2000 and get an RCI Extra Vacation for less than $500 or last minute week for less than $250.

If you deposit that week with RCI, you will see RCI renting it out for $1000-$2000.

Stan
 

jmpellet

TUG Member
Joined
Aug 1, 2008
Messages
370
Reaction score
0
Points
226
Location
Massachusetts
So would this timeshare be a good "investment" - and not investment in the traditional sense since no TS is a real investment? I know you said it would be bad to deposit it into RCI but if I didn't or couldn't market it myself, could I still deposit it and get a reasonable week somewhere else?

Thanks,
Jo-Ann
 

Jya-Ning

TUG Member
Joined
Jul 15, 2005
Messages
2,461
Reaction score
2
Points
36
Location
DC Suburban
So would this timeshare be a good "investment" - and not investment in the traditional sense since no TS is a real investment?
Jo-Ann
Good or bad is depending on how much you paid in purchase cost. It stands very good chance to get rented and recover the MF and more.

But if for some reason, you can not get rented out, and has to deposit to RCI, since it probably very close to the trip date, expect loss of trading power.

If you deposit to RCI at say 10 month out, it should have very good trading power.

Jya-Ning
 

jmpellet

TUG Member
Joined
Aug 1, 2008
Messages
370
Reaction score
0
Points
226
Location
Massachusetts
Last question I think...How does the floating reservation work? Do you get to reserve at the same time as some who owns a fixed week. So, for example, I own a shoulder week that includes week 21, do I get to book at the same time as someone who owns week 21?

Thanks,
Jo-Ann
 

Jya-Ning

TUG Member
Joined
Jul 15, 2005
Messages
2,461
Reaction score
2
Points
36
Location
DC Suburban
Last question I think...How does the floating reservation work? Do you get to reserve at the same time as some who owns a fixed week. So, for example, I own a shoulder week that includes week 21, do I get to book at the same time as someone who owns week 21?

Thanks,
Jo-Ann

No. The owner with fix week will always has that unit reserved for him.

There suppose to have a pool identify each units that belongs to the floating pool. So say if there are 20 units in that floating period from 25 to 35, there will be 220 (20 unit * 11 weeks) interval that can be reserved for 220 owners. And the resort will have a rule when you can make reservation, some of resorts I know are like 1 year or longer, so if you call at exact that time, you maybe able to pick the week you want, but if you call last, you will have the only week left for selection.

Jya-Ning
 

susieq

TUG Review Crew: Expert
TUG Member
Joined
Aug 8, 2005
Messages
1,112
Reaction score
131
Points
424
Location
Massachusetts
Resorts Owned
Bay Voyage, Jamestown, RI
Jo-Ann,

We own a floating week in Jamestown, July/August (25 - 35 I think). When I pay our MF over the phone, I request & confirm our week and unit at that point. If we plan to use our week ourselves, fine. But if we should decide to exchange, as long as I look far enough out, (10 months +), I have NEVER had a problem going where we want.

Sue

BTW - We've owned since '96, and only stayed in Jamestown twice.
 
Last edited:

e.bram

Guest
Joined
Jun 6, 2005
Messages
3,071
Reaction score
59
Points
384
Location
Fort Lee, NJ
Although Long Warf is a nice resort, very few(if any) have direct water views. Many if the TSes if Newport/Jamestown do and also have full kitchens. I would look for one of those. I am staying at Newport Overlook, a 2 br 2 1/2 bath townhouse with full kitchen right on the bay.
 

susieq

TUG Review Crew: Expert
TUG Member
Joined
Aug 8, 2005
Messages
1,112
Reaction score
131
Points
424
Location
Massachusetts
Resorts Owned
Bay Voyage, Jamestown, RI
Even though the Bay Voyage units don't have full kitchens, only partial, we rarely eat more than breakfast in the unit. There are Beautiful Bay Views ~ also The Newport Bridge lit up at night ~ all this right outside your window.
 
Top