Myrtle Beach Beach House Timeshare Abrupt Temporary Closure

[escanoe]

Glad I am not an impacted owner/guest. Wonder how the exchange companies are handling it?

Myrtle Beach resort temporarily closes due to ‘unforeseen emergency repairs’, timeshare owners, guests left confused

Timeshare owners and guests staying at the Beach House Golf and Racquet Club were told on Thursday that they had to leave due to structural damage.

www.wmbfnews.com

“Timeshare owners and guests staying at the Beach House Golf and Racquet Club were told on Thursday that they had to leave due to structural damage.

Capital Vacations Resort Management, which manages the resort, told WMBF the decision was made by the Beach House’s Board of Directors on July 6. Capital Vacations said it was done out of “an abundance of caution and concern for the safety of the Beach House owners, guests, and employees.””

 

[pedro47]

Sad. This is prime time in MB.

 

[TUGBrian]

saw a news blurb about it, but it didnt give the resort name.

that certainly doesnt sound like a situation that will clear itself up "next week" either

 

[chapjim]

I can vaguely remember a Sunday School ditty about building houses on the sand.

 

[Laurie]

Ruh-roh. We own a late summer week there ... planned to use it ourselves ... haven't received any notice from anyone.

 

[Laurie]

UPDATE: This timeshare may be toast. Got an email from Capital asking whether we'd prefer they close, or be liable for huge assessments. I answered close, and I'm betting many owners, being of the older generation, will say the same thing. Capital didn't mention whether owners'd get anything back if we relinquish, and I'm guessing they don't plan on that, being the behemoth that they are. A TUGger gave me this very summer week (we had been a previous Beach House owner long ago -- in fact it was our very first timeshare, a cheap resale which got us many many fabulous RCI trades plus many weeks of almost-free bonus time). I'm not too disappointed, even tho we only got to use it once this time after paying 2x maintenance fees ... but in our older age, we did enjoy just sitting on our ocean-front rocking chair balcony and watching the beautiful Atlantic, and shore birds gathering right there, in-between a few short trips down to the beach to gather sharks teeth, and meals at Sea Captain's House. If we'd been there this week, we'd be sitting out a few days of tropical storm or hurricane ...

 

[ZacP]

UPDATE: This timeshare may be toast. Got an email from Capital asking whether we'd prefer they close, or be liable for huge assessments. I answered close, and I'm betting many owners, being of the older generation, will say the same thing. Capital didn't mention whether owners'd get anything back if we relinquish, and I'm guessing they don't plan on that, being the behemoth that they are. A TUGger gave me this very summer week (we had been a previous Beach House owner long ago -- in fact it was our very first timeshare, a cheap resale which got us many many fabulous RCI trades plus many weeks of almost-free bonus time). I'm not too disappointed, even tho we only got to use it once this time after paying 2x maintenance fees ... but in our older age, we did enjoy just sitting on our ocean-front rocking chair balcony and watching the beautiful Atlantic, and shore birds gathering right there, in-between a few short trips down to the beach to gather sharks teeth, and meals at Sea Captain's House. If we'd been there this week, we'd be sitting out a few days of tropical storm or hurricane ...

Laurie, If you are not already a member you should consider joining the FB group called THE BEACH HOUSE OWNERS. (All caps). Just search on FB and ask to join.

 

[Sandy2213]

Laurie, If you are not already a member you should consider joining the FB group called THE BEACH HOUSE OWNERS. (All caps). Just search on FB and ask to join.

I do not see an all caps THE BEACH HOUSE OWNERS. Could you send a pic?

 

[callwill]

try this

The Beach House OWNERS | Facebook

As owners at The Beach House, we would like to buy, sell, trade, rent weeks we can't use or rent weeks we want to use. Feel free to recommend other owners to the group so we can pool our resources....

www.facebook.com

or:

The Beach House OWNERS​

 

[Sandy2213]

Saw the attached on a Google Search. Expedia says the Beach House Golf and Rac will be closed through June of 2025. I don’t know ‍ how true this is.

 

[TheTimeTraveler]

Your best source of further information about this "could be" a phone call to the Myrtle Beach Building Inspector.....




.

 

[toofine46]

BEACH HOUSE IS DONE. OWNERS CAN GET $250 AND RELEASE FROM ALL OTHER FEES. OF PAY MAINTENANCE AND GET A CUT OF THE LAND RESALE ONCE RESOLD OR TORN DOWN AND LAND SALE. MILLIONS TO FIX PROBLEMS.

 

[Laurie]

Just a report back. We chose the $250 payoff in exchange for our late-summer week (my favorite season at MB) deed, just received and deposited. Many owners chose that option, while many other owners are holding out for either repair (unlikely to ever continue as a timeshare IMO) or pro-rated portion of sale -- not sure how it will all go. Many many owners have been, and are still, enraged and broken-hearted over this; personally I mostly feel disappointment. Capital Vacations is in the middle of all that, boo hiss to them, and I would advise against ever acquiring a timeshare they have taken over.

 

[Ski-Dad]

The fact that someone is coughing up $250 to take over your deed and obligations suggests there is $$ here.

 

[TUGBrian]

saw this make the news today...

Letter to timeshare owners shows resort in Myrtle Beach may never reopen

Timeshare owners at a shut-down Myrtle Beach resort may never see their home away from home again.

www.wmbfnews.com

 

[pedro47]

What is 3 million dollars for repairs to kept this resort open.

 

[escanoe]

What is 3 million dollars for repairs to kept this resort open.

How can they do anything if the following from the article is true?

"However, board members do not think it’s possible to raise the money since only 20 percent of owners are in good standing and paying fees."

 

[pedro47]

How can they do anything if the following from the article is true?

"However, board members do not think it’s possible to raise the money since only 20 percent of owners are in good standing and paying fees."

What is the appraised value of the land and this building property ?

Can the board used these two (2) items to secure a loan?

I bet some hedge fund company is watching and waiting to purchase this property.

Is this a water front timeshare property and where is it located in MB?