Point at Poipu renovations

[amycurl]

So, when one has worked all their life at a Hawaiian resort, where does one retire? Minnesota? Maine? Oregon?

 

[T_R_Oglodyte]

So, when one has worked all their life at a Hawaiian resort, where does one retire? Minnesota? Maine? Oregon?

Las Vegas is a popular locale for Hawaii ex-pats.

 

[Rubber duck]

My concluding thoughts, from our 20+ years ownership. It's time for major renovations. The kitchens are particularly outdated. We also see a steadily increasing stream of maintenance issues, much of which is simply related to 30 years of weather exposure in a tropical ocean front setting. The water intrusion project addressed a number of issues, and was certainly more than a band-aid. But it still left a lot of issues.

For better or worse - frankly, for worse - the Point is wood-frame construction in an environment where reinforced concrete would have been a better choice. So there will be recurring significant maintenance expenditures. Hopefully, as improvements and upgrades are done, materials and construction will be used that are superior to the initial products. And adequate funding will be maintained to ensure that there are reserves to address the challenges created by the resort location. We may be nearing the end of the impacts of Sunterra's management bungles - which were only partially addressed during the Diamond Resorts era.

But as owners we need to recognize that our resort is an aging property in a harsh environment. We are hostage to Hilton Vacations, in the same way were hostage to Diamond and to Sunterra. To be sure, they will use their position to be sure that we get a haircut each year in management fees to contribute to their coffers. But even after that, we need to consider that resort upkeep and repair requirements will be an increasing obligation, for an aging resort located in a harsh environment.

Looks li

My concluding thoughts, from our 20+ years ownership. It's time for major renovations. The kitchens are particularly outdated. We also see a steadily increasing stream of maintenance issues, much of which is simply related to 30 years of weather exposure in a tropical ocean front setting. The water intrusion project addressed a number of issues, and was certainly more than a band-aid. But it still left a lot of issues.

For better or worse - frankly, for worse - the Point is wood-frame construction in an environment where reinforced concrete would have been a better choice. So there will be recurring significant maintenance expenditures. Hopefully, as improvements and upgrades are done, materials and construction will be used that are superior to the initial products. And adequate funding will be maintained to ensure that there are reserves to address the challenges created by the resort location. We may be nearing the end of the impacts of Sunterra's management bungles - which were only partially addressed during the Diamond Resorts era.

But as owners we need to recognize that our resort is an aging property in a harsh environment. We are hostage to Hilton Vacations, in the same way were hostage to Diamond and to Sunterra. To be sure, they will use their position to be sure that we get a haircut each year in management fees to contribute to their coffers. But even after that, we need to consider that resort upkeep and repair requirements will be an increasing obligation, for an aging resort located in a harsh environment.

I sense another special assessment on the horizon

 

[pedro47]

What happen to the MF Reserve Funds for emergencies ?