Exactly.......and sometimes it may not be that they are irresponsible owners - everyone has a breaking point and with everything going on there may be owners that can’t absorb the extra cost - could be out of work or furloughed, etc. One of my properties raised fees due to bad debt and I thought the same - vicious cycle.
re: BAD DEBT expense. Yes!!!, a large portion of increae in the Hacienda Del Mar Maintenance fee this year was due to increased bad debts. So, now at $3463.00 this year the delinquncies and defalts will probaly only get worse next year.
Funny - because for the same Haciende del Mar reason I have stayed a week in Maui, in November 2019 before I left on a 33 day cruise to the south china sea in DEC 2019 and then this last summer to HRC's in Aspen, Beaver Creek. and Breckenridge this year also. One reason being I can drive to the Colorado clubs. 4 hours to Aspen from Denver but only about one and a half hours to Beaver Creek or Breckenridge. Problem is however I have been doing these stays / drives for the last 22 years now. So Deja Vue ! Also have deposited about 5200 points into EE, 1300 of which is almost ready to expire. I need to do the book a year out , and extension extra etc. manover on those. It will be my first time to try that manipulation.
We certainly need to file a class action suit against them. I submitted questions to the hyatt and have yet to receive any response. How is non HYATT people on the Board of directors and how did they get elected to the board. I have never received anything about the Board members don't know who they are, etc.. I asked a question and heard nothin as to when they last had a audit from a OUTSIDE organization. Maybe its
we need to get everyones email address, I'm all for a class action suit
They should have filed for bankruptcy. Its easy to say you can bank your points and use them later. Well that is not the case you can't find anything that is available..And understand if you own a unit and want to bank the point under the new points system you as a owner get second choice. The new room look cheap nothing tropical about them
Thanks for the info. Hope it works for me here in Colorado. I will follow up and let others know. Perry
Does the "Rapit Test " your getting, qualify as a "Molecular Test"? The Hacienda del Mar resort manager told me the test must be a Molecular type test per the government of Puerto Rico regulations.
One name I saw on the list of Board of Directors is or was a Hyatt Employee. i.e the former Resort Manager at Hacienda Del Mar and now a Hyatt resort manager elswhere (Key West) , so when I saw his name I questioned that in my mind - i.e How could he be on our Board of Directors > I never saw him listed for election , etc.. , but it could be because of a condition of the original Lease agreement or deveelopment agreement that Hyatt gets one or more a spots on the board if they own some certain perecentage of the units ... etc. But im guessing ! Does anyone know why for sure?
YES. I know him. Nice guy, as all the managers are, from my experience with them and Ive meet all of them , at least once. I'm just wondering why he would be on the Board at Hacienda Del Mar and probably as an appointee and not by election. So The developer must still have the right to do that somehow.
Has Hyatt foreclosed on any of the Hacienda Del Mar timeshares?