• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Potential good news about Broadway Plantation maintenance.

RLG

TUG Member
Joined
Nov 18, 2006
Messages
527
Reaction score
3
Points
378
Location
Hawaii
Resorts Owned
Marriot Abound Chairman (SMV; SDO; SBP; Lakeside Terrace, Willow Ridge). HGVC, Worldmark. RCI points
I own several units at SBP and was not happy about the big increase in maintenance this year from 965 to 1122 for a 2br. Now that I've read the flyer that accompanied the bill, I see some potential good news projected for next year.

Broadway plantation has been undergoing a 3 year renovation which is due to be completed mid-May 2012. They didn't have a special assessment to fund it like Vistana did, but significantly increased the reserve contribution instead. (In 2012, for example, the entire increase in maintenance was a increase in the reserve contribution, rather than an increase in the operating budget.)

This has resulted in reserves being an unusually large component of dues at SBP compared to other SVO resorts. In 2012, 35% of the dues will be going to reserves at SBP. That compares to 11% at WPV, 19% at SVV Bella, and 23% at WSJ.

Suppose SBP, after the renovation is complete, were to able to set reserve contributions at 20% of dues? That level of reserves would have required only 911 of dues this year instead of 1122.

It would be even better if management would finally do their job and manage not to have 20% of the operating costs consist of uncollected dues. Unfortunately, I don't think that's as likely as the renovation project finishing next year.
 

cruzad3r

Guest
Joined
Sep 19, 2011
Messages
131
Reaction score
2
Points
178
Location
CT
so does this means 2013 MF will be lower or will increase upward of 10% plus as owners have seen from the past?
 

LisaRex

TUG Review Crew
TUG Member
Joined
Mar 10, 2007
Messages
6,792
Reaction score
317
Points
518
Location
'burbs of Cincinnati, OH
Resorts Owned
Used to own: WKORV-N; SVV - Bella
One good thing about paying such high MFs at WKORV-N is that I'm confident that they won't ever need an SA for major repairs. We have a healthy reserve for updates.
 

rickandcindy23

TUG Review Crew: Elite
TUG Member
Joined
Jun 6, 2005
Messages
31,706
Reaction score
8,866
Points
1,049
Location
The Centennial State
Resorts Owned
Wyndham Founder; Disney OKW & SSR; Marriott's Willow Ridge,Shadow Ridge,Grand Chateau;Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few; Grand Palms; WKORV-OF (2),Westin Desert Willow.
so does this means 2013 MF will be lower or will increase upward of 10% plus as owners have seen from the past?

I am currently at Disney's Old Key West resort, so I am currently wishful thinking. Just joking, mostly, but MF's don't seem to ever take a downturn with Starwood. The fees are outrageous: $1,400 for a 2 bed lockoff that is not even close to the beach. $1,100 for a 2 bed deluxe, which makes for an expensive exchange, if you are forced to use your weeks that way.

I hope my daughter can rent these weeks, so I don't have weeks left at the end of next year to deposit to II. I could stand fewer weeks in II for 2012.
 

RLG

TUG Member
Joined
Nov 18, 2006
Messages
527
Reaction score
3
Points
378
Location
Hawaii
Resorts Owned
Marriot Abound Chairman (SMV; SDO; SBP; Lakeside Terrace, Willow Ridge). HGVC, Worldmark. RCI points
I was right.

Just as I predicted, SBP maintenance for 2013 is down a lot.

The new 2013 level of 925 for a 2br is about what I had projected. I don't have the detail yet, but assume its due to the completion of the renovation.

It would be nice if the resort could do a better job holding down the delinquencies. That would be another big maintenance reduction.
 

rickandcindy23

TUG Review Crew: Elite
TUG Member
Joined
Jun 6, 2005
Messages
31,706
Reaction score
8,866
Points
1,049
Location
The Centennial State
Resorts Owned
Wyndham Founder; Disney OKW & SSR; Marriott's Willow Ridge,Shadow Ridge,Grand Chateau;Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few; Grand Palms; WKORV-OF (2),Westin Desert Willow.
Thanks RLG! Great news for us. I am thrilled. Starwood owes me money. :)I paid fees in advance to reserve weeks for next year.
 

hypnotiq

TUG Member
Joined
Feb 11, 2011
Messages
1,359
Reaction score
66
Points
258
Location
Redmond, WA
Yup, I logged into MSC and saw my credit went from $1124 to $195 (for 2013).

That was a pleasant surprise. :D
 

cruzad3r

Guest
Joined
Sep 19, 2011
Messages
131
Reaction score
2
Points
178
Location
CT
just to be sure - no one that own SBP has received their MF bill for 2013 yet correct? I ask cuz i don't haven't receive mine and yet you guys already confirm MF is lower by logging in MSC.
 

heathpack

TUG Review Crew: Veteran
TUG Member
Joined
Oct 22, 2008
Messages
4,647
Reaction score
3,746
Points
598
Location
Los Angeles
Resorts Owned
Hyatt High Sierra and Highland Inn
Disney’s Grand Californian and Hilton Head Island
Marriott Barony Beach and Mountainside
MVC Points
Sheraton Broadway Plantation
Yay! My MF for a 1BR unit went down by $107, or 17%. Really happy!

H
 

Tradetimes

TUG Member
Joined
Nov 28, 2010
Messages
187
Reaction score
5
Points
228
Very Good News

my odd years : Sub-Total
Current Year Charges $ 205.03
Less Payments*** $ 249.04
Total Due $ -44.01

My annuel

Sub-Total
Current Year Charges $ 524.69
Less Payments*** $ 637.32
Total Due $ -112.63
 

cruzad3r

Guest
Joined
Sep 19, 2011
Messages
131
Reaction score
2
Points
178
Location
CT
My gold week was 1122.67 now 924.25 due 01/09/2013. I haven't receive the mail statement yet but this is what it shows in MSC.

Is it safe to assume this is what I see when Starwood sends me my statement?
 

scootr5

TUG Review Crew: Veteran
TUG Member
Joined
Jul 16, 2011
Messages
3,600
Reaction score
797
Points
349
Location
Second City
Resorts Owned
Marriott Grande Vista, Wyndham (points and Avenue Plaza Mardi Gras week)
My gold week was 1122.67 now 924.25 due 01/09/2013. I haven't receive the mail statement yet but this is what it shows in MSC.

Is it safe to assume this is what I see when Starwood sends me my statement?

Yes, it is.
 

gnipgnop

TUG Review Crew: Expert
TUG Member
Joined
Aug 23, 2005
Messages
1,837
Reaction score
161
Points
424
Location
Pennsylvania
Just received my MF bill today. Last year I paid one year in advance for a total of $1,122.67. This year I received a credit of $193.42). This is really good news. :clap:
 
Last edited:

Ridewithme38

TUG Member
Joined
Jul 14, 2010
Messages
3,325
Reaction score
4
Points
273
Location
Long Island, NY
This is great news! When i went to check MSC today to pay and book a room(Booked today and still was able to get Mid July 2013), i was confused by the number....Coming on here, i was kinda suprised not to see an obvious thread about it...

Bumping this thread out of happiness!
 
Top