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The ongoing saga/drama is being reported on locally, more to come. Capital Vacations, the management company, is acting unconscionably towards owners -- shocked not shocked. Many owners have been going for decades and over generations, and are beyond furious and grief-stricken over this situation. This place was our very first timeshare acquisition back in 1997 (resale, after rescinding a developer purchase), and it was very good to us for trading (very first trade: 3 weeks in Spain, 2 gold-crown) and lots of very low-cost bonus time. Then after some years we'd passed on that week to another TUGger, and then we'd recently acquired a summer week (thanks to a TUGger), ironically our very first ownership intended for our own use only, not for trading -- nothing fancy, but location location location. We only got to use it once before this happened. An annual summer week sitting on a rocking chair overlooking the beautiful Atlantic was so relaxing and age-appropriate, and there was something about coming full-circle back to where our world-traveling adventure had begun. Oh well.
Wyndham Founder; Disney OKW & SSR; Marriott's Willow Ridge, Shadow Ridge and Grand Chateau; Val Chatelle, Pines at Meadow Ridge and Twin Rivers in CO; Hono Koa OF (3); SBR(LOTS), SDO a few); WKORV-OFC-4 and Westin Desert Willow.
We have one week with Capital Vacations and had a salesperson cold-call us to sell us something, I didn't listen to them. They were giving away five nights or something, like I need five nights in a dumpy hotel somewhere. I told them I am giving away my week, so I am not interested in anything they have to say.
I am afraid Eagle Point in Vail is going to be closed by Capital Vacations. The real estate value is crazy high in Vail. I can see them closing the resort and telling people to turn in their deeds for a price. We have friends who own there and are definitely seeing the writing on the wall.
Why did VRI just give up management of these resorts to a disgusting company like Capital? What is wrong with this picture? Owners have no say.
It's like Bluegreen's takeover of Blue Ridge Village. They take over a resort and then send us $2,000 in special assessments so far, and I see no end to it. One big one of about $1,200, then another one of $747. Capital could easily do this to owners. I will stop paying on Foxrun, if it comes down to it. I don't need the liability of the unknown.
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