Grand Chateau reserves…

[Kenney4717]

Hi all. I am looking to purchase a 3 bedroom Villa at Grand Chateau. I was wondering where I would find information on the reserves budget or improvements made. I just want to make sure no suprises for improvements are coming up

 

[AlmostRetired]

Hi all. I am looking to purchase a 3 bedroom Villa at Grand Chateau. I was wondering where I would find information on the reserves budget or improvements made. I just want to make sure no suprises for improvements are coming up

Here is the breakdown for the MF at the MGC. I own 2 three bedrooms (annual and EOY Odd & Even). It might seem dumb, but I have never really looked at it. I use the MGC as a trader so I look at what I pay in MF and the MF's of what I trade for (MF of trades - MF pf GC - cost of trades) and the acquisition cost benefits of the MGC ownership to what I normally trade for.

Having just looked at it, I never knew the reserve contribution of the 3 bedroom is disproportionally higher going from a 2 bedroom to a 3 bedroom than from a 1 bedroom to a 2 bedroom. I can only guess it is because of the second kitchen. Unless I am reading it wrong, 22% ($531) of my MF ($2369) goes towards valet parking. For anyone that has been to MGC, is the parking situation require it and, would you not have gone without it?

 

[jmhpsu93]

Here is the breakdown for the MF at the MGC. I own 2 three bedrooms (annual and EOY Odd & Even). It might seem dumb, but I have never really looked at it. I use the MGC as a trader so I look at what I pay in MF and the MF's of what I trade for (MF of trades - MF pf GC - cost of trades) and the acquisition cost benefits of the MGC ownership to what I normally trade for.

Having just looked at it, I never knew the reserve contribution of the 3 bedroom is disproportionally higher going from a 2 bedroom to a 3 bedroom than from a 1 bedroom to a 2 bedroom. I can only guess it is because of the second kitchen. Unless I am reading it wrong, 22% ($531) of my MF ($2369) goes towards valet parking. For anyone that has been to MGC, is the parking situation require it and, would you not have gone without it?

I'm seeing $58.81/week for valet, not $531. $531 sounds insane.

 

[jwalk03]

Here is the breakdown for the MF at the MGC. I own 2 three bedrooms (annual and EOY Odd & Even). It might seem dumb, but I have never really looked at it. I use the MGC as a trader so I look at what I pay in MF and the MF's of what I trade for (MF of trades - MF pf GC - cost of trades) and the acquisition cost benefits of the MGC ownership to what I normally trade for.

Having just looked at it, I never knew the reserve contribution of the 3 bedroom is disproportionally higher going from a 2 bedroom to a 3 bedroom than from a 1 bedroom to a 2 bedroom. I can only guess it is because of the second kitchen. Unless I am reading it wrong, 22% ($531) of my MF ($2369) goes towards valet parking. For anyone that has been to MGC, is the parking situation require it and, would you not have gone without it?

Valet parking is the only option. There is no self parking so yes I would say it’s a required offering. I’m sure the garage isn’t large enough to make it a public garage.

 

[Kenney4717]

Here is the breakdown for the MF at the MGC. I own 2 three bedrooms (annual and EOY Odd & Even). It might seem dumb, but I have never really looked at it. I use the MGC as a trader so I look at what I pay in MF and the MF's of what I trade for (MF of trades - MF pf GC - cost of trades) and the acquisition cost benefits of the MGC ownership to what I normally trade for.

Having just looked at it, I never knew the reserve contribution of the 3 bedroom is disproportionally higher going from a 2 bedroom to a 3 bedroom than from a 1 bedroom to a 2 bedroom. I can only guess it is because of the second kitchen. Unless I am reading it wrong, 22% ($531) of my MF ($2369) goes towards valet parking. For anyone that has been to MGC, is the parking situation require it and, would you not have gone without it?

Thanks for the information. I like to look at where the roof and room improvements are before purchasing as a heads up when major renovations.

 

[dioxide45]

Valet parking is the only option. There is no self parking so yes I would say it’s a required offering. I’m sure the garage isn’t large enough to make it a public garage.

I don't think they would trust regular guests to try and navigate the garage. I suspect they park cars much closer together and in creative ways to fit them in there given the issues we've heard about the parking situation there.

 

[bazzap]

I also never really gave any real thought to it, as we also primarily own Grand Chateau as a trader or for points election.
I do wonder though how many owners use the valet car parking.
We have never had a car when staying in Las Vegas.
So I guess we are paying this valet fee every year in our MFs whilst never using it.

 

[JT]

I drive out from Los Angeles and typically need a car (NASCAR/Hiking/Golf). Love the valet. Granted, did not know I was prepaying lol

 

[AlmostRetired]

I'm seeing $58.81/week for valet, not $531. $531 sounds insane.

Now I know why I haven’t look at them, I don’t know how to read. I was looking at the line above. To quote “My Cousin Vinny”, I guess I need to glasses

 

[jwalk03]

I don't think they would trust regular guests to try and navigate the garage. I suspect they park cars much closer together and in creative ways to fit them in there given the issues we've heard about the parking situation there.

Yes I’m sure that’s the case. There is no way that garage is large enough for the number of units without creativity.

 

[dougp26364]

Since Vegas has gone to paid parking at nearly every resort, this would play into it. When Planet Hollywood was still free parking, finding a reasonable space closer to the entrance of Elara was an issue. There’s is also the issue of safety. By limiting or restricting access to the garage you limit access to thief’s.
We own at Grand Chateau. Prior to gaining access to Elara through our Hilton ownership, this is where we stayed when in Vegas. Back then most of Vegas was still free parking. I’d still imagine keeping non-guests out of the garage would have been a priority since there are shops and restaurants nearby that didn’t offer free parking or any parking. Grand Chateau’s parking garage would have been closer and easier to park at and hit those bars or stores.

 

[Fido Chuckwagon]

Unless I am reading it wrong, 22% ($531) of my MF ($2369) goes towards valet parking.

Wow. I'm a (new) owner there as well and that sounds insane.

 

[JanT]

Now I know why I haven’t look at them, I don’t know who to read. I was looking at the line above. To quote “My Cousin Vinny”, I guess I need to glasses

Kind of thread-jacking here, but I'm curious as to whether you feel your trading power with MGC has diminished. It seems our 3BR week just doesn't pull as well as it once did in II. Wondering if others find that to be the case with their weeks.

 

[dioxide45]

Wow. I'm a (new) owner there as well and that sounds insane.

It sounds insane because they were reading the wrong line item. The actual amount is only about 10% of that number.

 

[PhoenixCanuck]

The property outsources both valet parking and bell desk operations to a separate company. Those functions are very labor intensive, so most of the budget probably goes towards wages for that company's employees there on property. As someone who visits Grand Chateau regularly with my own car, I am of the opinion that they do an outstanding job on those valet and bell desk services. And the free parking is very much appreciated!

 

[Danlop88]

Kind of thread-jacking here, but I'm curious as to whether you feel your trading power with MGC has diminished. It seems our 3BR week just doesn't pull as well as it once did in II. Wondering if others find that to be the case with their weeks.

Following for this

 

[Dean]

Kind of thread-jacking here, but I'm curious as to whether you feel your trading power with MGC has diminished. It seems our 3BR week just doesn't pull as well as it once did in II. Wondering if others find that to be the case with their weeks.

That has not been my experience so far. It does not seem that GV has changed. What I do feel has changed is availability in general for high demand resorts and times is less just like prices are higher. I think it'll take a few years to see if we can identify any trends.

 

[JanT]

That has not been my experience so far. It does not seem that GV has changed. What I do feel has changed is availability in general for high demand resorts and times is less just like prices are higher. I think it'll take a few years to see if we can identify any trends.

Ok, thank you. I definitely see a lack of availability for high demand resorts. I haven't seen a 2BR Aruba resort in II in forever, it seems.
In terms of a decrease in trading power, it just seems as though I can't pull anything quality in high demand times at all. I get the "nothing available" message when I click on an area listed as having availability. It's crazy.

 

[VacationForever]

We always drive and use their valet parking.

Ok, thank you. I definitely see a lack of availability for high demand resorts. I haven't seen a 2BR Aruba resort in II in forever, it seems.
In terms of a decrease in trading power, it just seems as though I can't pull anything quality in high demand times at all. I get the "nothing available" message when I click on an area listed as having availability. It's crazy.

Last year I had exchanged into 2 weeks of 2BR in Marriott's Aruba Ocean Club for Feb 2024 which I cancelled.

 

[dioxide45]

We always drive and use their valet parking.

Last year I had exchanged into 2 weeks of 2BR in Marriott's Aruba Ocean Club for Feb 2024 which I cancelled.

We also went to Aruba Surf Club in June of 2023 in a 2BR.

 

[JanT]

We always drive and use their valet parking.

Last year I had exchanged into 2 weeks of 2BR in Marriott's Aruba Ocean Club for Feb 2024 which I cancelled.

Well, that's good to hear! Thank you!

 

[JanT]

We also went to Aruba Surf Club in June of 2023 in a 2BR.

Thanks dioxide45! Appreciate knowing those units are still available at times.

 

[jwalk03]

Ok, thank you. I definitely see a lack of availability for high demand resorts. I haven't seen a 2BR Aruba resort in II in forever, it seems.
In terms of a decrease in trading power, it just seems as though I can't pull anything quality in high demand times at all. I get the "nothing available" message when I click on an area listed as having availability. It's crazy.

I have booked a 2-bedroom at Aruba Surf Club 3 times in the last 2 years. One for July and 2 for September dates. You just have to catch the bulk deposits.

 

[vol_90]

I have booked a 2-bedroom at Aruba Surf Club 3 times in the last 2 years. One for July and 2 for September dates. You just have to catch the bulk deposits.

Looking forward to seeing what is available in the next bulk deposit

 

[claraj]

@VacationForever @jwalk03 @dioxide45 Do you remember if the 2BR exchanges into Aruba were via OGS or instant exchange?