The more I think about it, the more I think this partnership is a take over by the Oaks Group. This type of business deal just happened to the Historic Hollywood Beach Resort in Florida. The Chetrit Group bought out more than 50 percent of the timeshsare owners and condo owners. Then, with the majority of the voting interest, voted to close down the Timeshare Association. Then they had the building condemned by the city, forcing the remainder of hold-out owners to vacate the premises. It now stands empty, waiting for redevelopement plans. Just for fun, I have a hypothesis and ran some numbers. If there are 68 units at EV, and 68 x 51 weeks equals 3468 units. If more than 50% are now owned by the Oaks Group, lets say 2000, then they now owe maintenance on 2000 units. That would be 2000x760=$1,520,000. So in essence they bought out Eagle Village. There is no way an outside business is going to hand over money to a timeshare to fix it up so it can be part of RCI again for nothing. They will spend this year and maybe next year using our maintenance fees along with the 1,520,000 they sunk into it to fix it up. They will continue to buy up forfeited units. Then in the future, when it is all fixed up, use their majority to vote for it to close, and offer to buy out the remainder of owners (for pennies) who are in good standing, which will be less now that RCI is out of the picture. It will take years to renovate all those units and before RCI will reinstate it. People will stop paying as bnoble has suggested. So, the Oaks Group could pick up the property for perhaps $2,000,000 (or 3,040,000+ if it takes 2 years)--land and all the renovated buildings. If I was the Oaks Group, I'd be giddy over this partnership coup. I mentioned before EV was a sitting duck. I think it will be no more by 2027.
Well, that was fun. LOL.