Grandview annual meeting 3/26/26 9am pacific!

[TUGBrian]

please be sure you send in your ballots!

looks like you can also email questions to be asked to governance@vacatia.com

 

[jbiza]

There are over 100 attendees at the meeting going on now.

There was not the number needed for a Quorum to conduct official business.

Resort fees are being questioned/ challenged by several people during Q & A.

Weather is nice this week though

 

[TUGBrian]

are they actually answering all the submitted questions?

 

[jbiza]

are they actually answering all the submitted questions?

No.
They took questions from the audience for ~an hour, & to reiterate, a lot of the questions dealt with the dissatisfaction to resort fees, from the Owners.

 

[TUGBrian]

well thats disappointing especially since they made an effort to request people send in questions.

though id be lying if I said i was surprised!

 

[TUGBrian]

did they post the annual budget by chance? curious how the numbers compare to the other VV resorts.

 

[pedro47]

The OP, is on top of this annual meeting agenda .
IMHO, in today’s atmosphere a Quorum is going to be hard to achieve and every Timeshare Board knows this. IMHO.

 

[jbiza]

did they post the annual budget by chance? curious how the numbers compare to the other VV resorts.

This is info that was provided.

I'll see if the actual figures verbally reported on by management are available ( if I have some extra time ).

 

[TUGBrian]

i cant make much of that out, they did not provide a copy of the actual budget at the annual owners meeting? dang.

 

[TUGBrian]

Copy of the Grandview 2026 Budget

 

[wmgjr]

Meeting

 

[wmgjr]

QA

 

[escanoe]

Thanks for posting the recording!

One of the things I picked up on that is most interesting to me is that Vacatia says they will have an internal exchange system for owners that is not through RCI by the end of 2026. I will be curious what that is.

 

[pedro47]

I liked the way they broke out their budget items.
What is the quorum figure to conduct an official meeting? I know 10% of the total voting interest is required to conduct an official meeting. What is the total number of voters at Grandview? That is my question? Have the board ever conducted an official meeting?

 

[escanoe]

I do not claim to be an expert on this or know that much about Vacatia. The real question I have had in my head since they took over VV is: what do they want to do, is it to run timeshare operations?

The thing that is the biggest red flag is they have mostly been radio silent versus communicating and from the outside it wasn’t clear that they were prioritizing collecting 2026 maintenance fees (as an owner, I am worried about default rates increasing.)

 

[wmgjr]

I liked the way they broke out their budget items.
What is the quorum figure to conduct an official meeting? I know 10% of the total voting interest is required to conduct an official meeting. What is the total number of voters at Grandview? That is my question? Have the board ever conducted an official meeting?

Based on the numbers presented the voting weight seems to be around 110k

 

[pedro47]

Based on the numbers presented the voting weight seems to be around 110k

A voting quorum will never be achieved at 110K votes needed..

 

[escanoe]

How many does the developer/management company control? Are they contributing to meeting quorrum?

 

[wmgjr]

How many does the developer/management company control? Are they contributing to meeting quorrum?

They don't contribute to quorumif have to check the documents to find out the denominator for votes

 

[krj9999]

From the 2025 meeting minutes:
Quorum was not achieved. A total of 2,264 voting interests were represented; an additional 4,444 were required.

I believe a fairly similar number of votes towards quorum this year (thought they said around 7 thousand needed, would need to listen to the video again). I know there were some complaints about how interests were portrayed on the proxy forms - no idea if properly addressed in calculating the totals. 10% of non-developer units for quorum. The 58,656 weeks in the budget are for the 2BRs units (so 117,312 weeks for 1BR and 1 voting interest for an annual 1BR).

Means the developer must still have a lot of units.

 

[krj9999]

Also just flagging that the old Grandview rental agreement form is no longer on the Vacatia clubhouse website - there's now a generic "rental pool agreement" form which doesn't identify any specific resort or provide info on where to send - between the owner and Daily Management.

I have rented through the resort the past few years (including 2025 which I'm still waiting on payment yet); but will not be renting going forward given the changes (I received 26 TPU in RCI for my 2026 week 52 1BR unit, which I can live with).

 

[escanoe]

Also just flagging that the old Grandview rental agreement form is no longer on the Vacatia clubhouse website - there's now a generic "rental pool agreement" form which doesn't identify any specific resort or provide info on where to send - between the owner and Daily Management.

I have rented through the resort the past few years (including 2025 which I'm still waiting on payment yet); but will not be renting going forward given the changes (I received 26 TPU in RCI for my 2026 week 52 1BR unit, which I can live with).

In theory, pooling helps some and hurts others, but if the are pooling by month and you own week 52 in Vegas, that works against you. If they want people to stay with them on renting out peak weeks, seems to me they need to adjust the system.