My Florida independent resort is closing for a year for upgrades!

[crowmg]

We just got a newsletter from our resort, Silver Beach Club in Daytona Beach, FL that they are closing the whole resort for one year for extensive repairs and upgrades and that our only choices to save our week there is to bank it with RCI or II. I don't think they realize how much that will cost everyone in membership fees, exchanges fee and other charges as well. We're still expected to pay our maintenance fees too. Has anyone ever heard of this happening at other resorts. I'm wondering if this is legal.

 

[moonstone]

Were they not closed for a year (or so) for major repairs after the last big hurricane 2 or 3 years ago? We have stayed there a few times just for the location, so we can walk to Jackie Robinson Park for baseball games. The last time we stayed there they showed us the newly renovated ocean front rooms and said the side tower wing would be next within a year or so. It is in a great location but the unit we were in was very tired. I posted a review with photos on here.
I cant see how it would be illegal to do major renovations especially if they are structural. There are many resorts in hurricane prone areas that get shut down for damage repair and owners with fixed weeks must space bank their week or make alternate arrangements. There have also been resorts shut down after fire damage, New Orleans and the Gatlinburg area come to mind.

Hopefully you wont also get hit with a big special assessment but that's the chance you take owning on the coast. You can take this opportunity to stay somewhere different for next year. Sorry about your situation!


~Diane

 

[bogey21]

Years ago I had two occurrences where my Independent Resorts (one in Biloxi and one in Galveston) closed down for a year to make repairs after hurricanes. In both cases I continued to pay MFs and lost usage for the year. I don't recall having the option to deposit the Weeks with either RCI or II. The saving grace from my point of view is that in neither case did I incur a Special Assessment...

George

 

[jabberwocky]

Would RCI or II take a deposit for a resort that is closed?

 

[TheTimeTraveler]

We just got a newsletter from our resort, Silver Beach Club in Daytona Beach, FL that they are closing the whole resort for one year for extensive repairs and upgrades and that our only choices to save our week there is to bank it with RCI or II. I don't think they realize how much that will cost everyone in membership fees, exchanges fee and other charges as well. We're still expected to pay our maintenance fees too. Has anyone ever heard of this happening at other resorts. I'm wondering if this is legal.

How do you bank a week which isn't bankable (due to closure) ?

Curious if Interval International or RCI will accept a week from a closed Resort......

Anyone know for sure?




.

 

[Krteczech]

My experience with RCI exchange of closed resort is positive. I was able deposit my Christmas week at SXM resort damaged by hurricane Irma with RCI two years in row and exchange it. After two seasons RCI doesn’t take it any more and I gave my RTU back to the resort.

 

[Eric B]

Deposits of closed resorts are probably addressed by contract between RCI and the resorts beforehand. That would have to be true for points enrolled weeks in particular. When it comes down to it, RCI doesn’t really care if you actually have something to exchange, they make money off the fees without regard to who puts what into the pool of available units and there are plenty of developer deposits to make up for closed resorts. They do have to make the system fair to the users, though, and taking closed resort deposits might be thought of as a sort of insurance or good will gesture, but they must have agreed on how they would do it with the individual resorts in advance.

 

[Talent312]

I'd rather they took a year to renovate than stay in decrepit resort,
even if it meant losing a week.

As we know about our own houses, buildings have "needs."
.

 

[silentg]

This happened to us years ago with our timeshare in Vermont, I had put my week in RCI before they closed the resort for repairs ,already had a confirmed exchange, talk to a supervisor at RC I was able to use the exchange after I argued a bit. Put your week in make an exchange and insist RCI permits it. Good Luck.