DanCali
TUG Member
- Joined
- Sep 17, 2009
- Messages
- 4,651
- Reaction score
- 1,943
- Resorts Owned
- Vistana, Marriott, DVC
Not final yet, so I didn't post in the MF thread. Will probably just get rubber stamped...
This is insanity. Club dues excluded, the (proposed) total dues (MF + Vat + Atlantis fees) on the bottom line are about 19% higher than 2024 (which were 17% higher than 2023). This is probably in the range of Ritz Carlton Club fees.
(For what it's worth, the actual MF line, excluding VAT and Atlantis fees are about 23% higher).
This resort always had relatively high MFs, but the relatively nice thing about it was that the annual (percentage) increases were among the lowest in the system - in the range of 2.5% annualized over a period of 8-10 years. Right until MVCI took things over... then it all went nuts.
View attachment 101619
Just posted the actual fees billed in the MF thread.
Looks like the actual increase for the 2BR Deluxe Phase II came in at 8.27%.
Attached 2024 and 2025 Budgets. Bad debt expense went from $0.66 million to $1.68 million, which accounted for about a $95 increase for my unit of the $219 total increase. The rest in the increases totaled $124.
Looks like the main cut relative to the proposed budget was in the reserve fee for the condo association ($3.8 million vs $6.4 million proposed). I guess it's a relief for owners today and possibly kicking the can down the road...
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