This past week, the Jackson Hole Towncenter (Jackson, WY) owners voted to dissolve the timeshare. We were notified late last year that the JHTC was significantly short on money to operate. Owners were basically given the option of paying steep maintenance fees or disbanding. 75% of owners needed to approve it but the board was able to cast a vote on a significant number of those due to owners in default. The property will be put up for sale shortly and, hopefully, will sell at a good price.
Capital was the management company.
Capital was the management company.