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Manhattan Club - Newbie needs help please!

Sashua

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Manhattan Club NYC
So my parents own the Manhattan club timeshare in New York City. They have a platinum membership which is premium and gets them weekends.
The cost to carry the unit is $3300 per year and my parents have offered it to me if I want it for free. I would just need to carry the yearly resort fee.
This seems like a great opportunity on the surface but when I consider that we live in NYC already and that I would only be using it for its RCI trade value I don’t know anymore.
I would still have to fly my family to wherever we go, so I wonder if it is really in my best interest to consider it.
What do you all think? I am new to the concept of Timeshare. The Manhattan Club has the highest possible trade value and the Platinum mambership means that I would be able to trade it for just about anywhere in the network. That’s the plus obviously. The minus is that the carrying costs are really about the same as paying for a week in a good hotel anywhere I’d like.
Thoughts and advice would be most welcome!
 

DaveNW

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If it was me, I'd say No. It's not a good financial decision, if all you'd do with it is trade out. In addition to the maintenance fees you'd pay the MC, you'd also be paying RCI their exchange fees, membership fees, and whatever. RCI trades are not what they used to be, and you'd have to plan well in advance in hopes you'd get something. Add up all the fees, and you'd be money ahead to rent what you want, when you want. Yes, you'd likely receive the highest TPUs from RCI, but how much would it cost you to try and exchange out? I doubt it would ever be worth it, dollar for dollar.

Having said that, the Manhattan Club is a very desirable place to trade into. You'd have to research the overall costs, to make sure it'd be worth it, but you/they might consider renting it out.

Good luck!
Dave
 

SmithOp

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A definite NO as a trader!

If all you want are RCI trades take a look at a resale Grandview in Las Vegas that has RCI points. With points there wouldn't be an issue with trade value, and the Grandview annual fees are less than 1/3 of Manhattan Club.

Sent from my SM-G970U using Tapatalk
 

escanoe

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It would be a huge mistake to pay the maintenance fees at TMC for RCI trades.
 

alwysonvac

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There are lots of great timeshares. This is not one of them.

It would be a huge mistake to take this on. Don’t do it. Manhattan Club’s high annual maintenance fees make these units undesirable to own. Folks are trying to give these weeks away for free (see links below). You don’t need to own an expensive week to get great trades ;)
Redweek (link)
Sell my timeshare now (link)

Your parents should see if the developer will take back their week.

See this link regarding Manhattan Club’s history - https://www.redweek.com/resources/ask-redweek/manhattan-club-bluegreen

There are lots of threads about Manhattan Club on TUG as well.
 

JudyH

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I agree with all of the above. I have a July 4 beach week and Manhattan Club was always an easy trade for me to get into, at 1/3 the cost you would have. If you want to play the Timeshare game and plan your trips 18 months out, do it with an el cheapo but desirable place. There are a few that exist. I know my kids don’t want mine and they travel way different than we ever did. Me personally I would not buy now when there are so many easier more flexible alternatives out there.
Manhattan Club has been a nightmare for some owners.
 
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