This was published back on 7/13/2023 under the Resort News section on the website. It was also mentioned in one of the Wyndham emails received back in July.Wyndham always likes to highlight when they add resorts, but never mention the ones that go away:
Club Wyndham timeshares near Crotched Mountain Resort now closed
A group of timeshares next to Crotched Mountain Resort has closed.www.wmur.com
With so few Wyndham resorts in the entire New England area, the loss of even one resort is NOT GOOD for Wyndham owners. We have stayed at Crotched Mountain quite a few times, as it is within driving distance for us and eliminates high airline and car rental costs.This was published back on 7/13/2023 under the Resort News section on the website. It was also mentioned in one of the Wyndham emails received back in July.
Club Wyndham Crotched Mountain Resort Closing
Crotched Mountain Resort will close Aug. 1, 2023, and will no longer be included in the Club Wyndham resort portfolio.clubwyndham.wyndhamdestinations.com
IIRC this was a SVC resort - and SVC did not ever sell deeds of any kind - it was all trust based timesharing.
So how were Shell owners trading in their Shell ownership and buying Wyndham? IIRC this is something that Wyndham did or still does. If they do, what do they do with those Shell points? Resell them as Shell? Could they somehow be added to CWA?
I assumed that's how they created Club Wyndham Prefer West and Club Wyndham Prefer Hawaii, but I guess that was never more than my own assumption. Otherwise, I don't know where they get the inventory for those ownership types.
That's my understanding as well, it works similar to how a converted fixed week works. The SVC inventory is placed into the CWA trust (or one of the preferred trusts). @rickandcindy23 may have more info on how this works since they own some SVC inventory and have likely looked at conversions in the past. It's my understanding from her posts that she is attempting to offload their SVC contracts at present given their MFs are on the high side, they cannot rent it any longer (or it's more troublesome to do so nowadays), and they don't really have a desire to use what they own personally - at least not enough to keep it overall.
So are owners of Shell that convert, just enrolling their Shell ownership (points) in Club Wyndham Plus? They aren't actually signing them back over to Wyndham? For Shell ownership that goes through Certified Exit (or is it Ovations)? Do those get resold ad Shell but with enrollment in Club Wyndham Plus? Meaning they don't actually go into CWA?
If it works like other converted weeks, that's correct, though I'd quibble with "aren't [...] signing them back over," because the usage rights are assigned to Wyndham, and in exchange the converting owner is granted points representing that interest.
I don't think we know this for sure. I suppose Wyndham could either sell it as a converted ownership or fold it into CWA. One of the advantages of CWA (for Wyndham) is that it is not deeded, so it is much easier to claw back a non-performing ownership. I don't know if that's still an advantage or not in the case of the Shell trusts. Likewise, one advantage of CWA (for Wyndham) is that Wyndam retains voting rights for CWA inventory. Again, not sure if that is already true for Shell or not.
When I refer to "signing them over", I mean signing the deed over to Wyndham. I don't know if Shell is deeded points (like Marriott, Westin & Sheraton Flex) or just right to use type of contract. I am not necessarily referring to assigning usage over to Wyndham, as would happen with enrolling a deeded week.
I wouldn't have thought so. I would have thought they fold them into Club Wyndham Prefer West and Prefer Hawaii.I don't see any of the Shell resorts listed in the CWA resorts list, so maybe they do not fold any Shell into CWA?
Resorts
Get better booking options and vacation destinations with your Club Wyndham Access ownership. Explore all Club Wyndham Access resort locations to book your next getaway.clubwyndham.wyndhamdestinations.com
But what are these; Prefer West and Prefer Hawaii? Are they trusts, are they just another exchange company? What is their legal structure?
I don't know what the structure behind them is, but they seem to function from the owner perspective the way CWA does - people who own them get 13-month booking at the applicable portfolio of resorts (and I would guess, if it is like CWA it's really just the inventory held by each of those trusts, if that's what they are), and any owner can book them at 10 months. Prefer is described on page 301 of the newest directory in very similar terms as CWA - all are described as involving an "ownership certificate" instead of a deed, for instance.
Originally when SVC was first acquired by Wyndham, and Wyndham started converting SVC ownerships early on - those owners were sold CWA and some SVC inventory was put into CWA. I actually have POS versions that list some SVC inventory within the two inch book. Shortly thereafter Wyndham formed the additional Prefer trusts - after which I am assuming the SVC owner had the option of buying into either CWA or one of the Prefer ownerships when converting. That said, I’m not sure, which is why I asked @rickandcindy23 for better detail as they may know better given they are SVC owners and have likely heard the conversion sales pitch more than once and perhaps done some due diligence in the process.
There's also @Lsfinn who shared that they converted a number of Shell contracts.
