*** New Thread: KBV Vote for Chapter 11 Bankruptcy

[bnoble]

As an owner, what saber would I rattle, exactly? The resort is closing and---unlike the others that are merely less desirable destinations---several buildings in this one cannot be occupied, and the others are tear downs.

A negotiation requires each side to have something the other side wants. I can't think of anything the owners have that Wyndham wants, except more money, and I'd rather not give them any more for KBV.

 

[slabeaume]

I talked to the powers to be at Wyndham today to see if those of us who converted our weeks to Wyndham points would have the option to convert to a different resort(s). They said not at this point. They said it's up to Pahio Kauai Beach Villas to work up options for us. I don't understand how Kauai Beach Villas is in control since we "converted" to Wyndham many years ago. Even had to buy a week at Bali Hai to do the conversion. Am I missing something? We didn't really convert to Wyndham?? Does this make sense???

 

[amycurl]

Unlike the other 14, however, those numbers mean that Wyndham *doesn't* own a controlling interest in the intervals. Now, I was told there would be no. math. but adding those two percentages up, I get to 43%, not over 50%. Maybe that's what makes it different.

Maybe it was the "unfolding events" at KBV that gave Wyn the *idea* to pursue bankruptcy for the other 14 as a way for them to get out from under those ownerships, even thought those resorts don't have the huge structural issues that KBV has. #speculation

 

[ecwinch]

I talked to the powers to be at Wyndham today to see if those of us who converted our weeks to Wyndham points would have the option to convert to a different resort(s). They said not at this point. They said it's up to Pahio Kauai Beach Villas to work up options for us. I don't understand how Kauai Beach Villas is in control since we "converted" to Wyndham many years ago. Even had to buy a week at Bali Hai to do the conversion. Am I missing something? We didn't really convert to Wyndham?? Does this make sense???

It does not make sense.

So it is up to another Wyndham-controlled organization to work up options for us? Is that what has happened at the other 14 resorts where Wyndham is using "bankruptcy" to exit from a timeshare plan?

So each of those HOA's negotiated with Club Wyndham to terminate the timeshare plan on the assurance that members who had assigned their usage to Club Wyndham were offered CWA points in exchange for their timeshare interest? And our BoD failed to do so or will do so shortly?

Courts like it when a class of people are treated uniformly.