HICV - South Beach purchase question

[JustAddVodka]

Hello,

I was originally a Ron John owner, 2 bedroom lock off 1-52 float and when HICV bought, I missed the cheap buy into the club email and had to buy a property at an owners update. They did give me 180,000 points for my lock-off, and then sold me a 49K (crappy contract at Orange Lake with high MF!)

I'm thinking of doing a give back to get out of the Orange Lake contract. I'm paying as much in MF on that 49K points as on the 180K contract.

My questions for those who are more familiar with their system are:

If I give back the Orange Lake will I maintain my membership for the Cape Canaveral contract? now that it's in, is it in for good? Or does it revert back to the original contract and I just have a floating week at that property?

If I give back the orange lake and buy a 3 bedroom at South Beach, which will bring me over 300K points, will I be upgraded to Platinum or whatever the next level is.

And at that level how many days out can you book Signature?

It's a lot, I know, sorry.

Thanks in advance for sharing your knowledge!

 

[tschwa2]

It is almost impossible to find a 3BR platinum week on the resale market at South Beach these days. If you do expect to pay $8,000-$12,000. No, resale would not change your level at all or give you platinum status.

At this time they aren't selling deeded weeks retail just trust points. If you told them that the only thing you would buy would be a 3 BR platinum week at South Beach and to contact you when they had one; they might actually try to find you one but expect to pay around $80,000+. If that happens you would become platinum and your level would increase. At 300,000-500,000 with another purchase you would be preferred platinum.

I think if you don't own signature points you can't book signature until 60 days. If you were preferred the window goes up to 90 days.
I think your unit would remain converted even if you gave the fully paid contract back with horizons but you would want to check with HICV about that and ideally have your deed back paperwork state that.