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Sandcastle Cove (previously Club Wyn @ Fairfield Harbour) in New Bern NC is now managed by Cap. Vac. - what to do?

Lisa P

TUG Review Crew: Rookie
TUG Member
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Location
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Resorts Owned
Club Wyndham Points
We have a converted-to-Club-Wyndham-points, fixed, 2BR summer week 33 in Sandcastle Cove. Originally built by Fairfield/Wyndham, management switched to VRI who continued to honor our CW points contract. A while ago, Capital Vacations took over management and maintenance fees have increased much faster than at our other, similar-but-Wyndham-managed resort. Capital has a bad reputation for this, as well as adding Special Assessments for multiple consecutive years without performing quality maintenance or upgrades. We are happy with the number of Club Wyn points we have so we've tolerated the higher MFs so far.

We recently received a letter from Capital offering an unsolicited "relinquishment opportunity" 🧐 for the "next 30 days" 🙄 if we pay them $480 legal fee plus 2x our MF ( = ~$2,500 total) 🤨. So now we're wondering why Capital would even want to offer this and what we should expect if we just keep our ownership as is. Does anyone know if there's a plan to shut down the resort or add substantial Special Assessments? Is this a warning of trouble to come that would make it a wise choice to exit, even though we'd end up spending even more to get back to our current amount of annual Club Wyn points?
 
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