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Silver Beach Club-Daytona Beach may be retiring their timeshare resort

C

crowmg

TUG Member
Joined
Mar 22, 2011
Messages
33
Reaction score
16
Location
Richmond, VA
We just got a newsletter stating that the timeshare in experiencing financial difficulties and new Florida regulations and are considering "retiring" the resort. This is an older resort and the upkeep and is in constant need of repairs due to hurricanes. They state owners are not paying dues so they have a surplus of resort owned units and no new buyers in sight. They have consulted with TOWB (The MVP Service - owned by the Takacs) to possibly buy the resort. I know nothing about this company so I'm asking for other owners their thoughts and experiences if they have experienced their resort being "retired".
 
moonstone

moonstone

TUG Review Crew: Veteran
TUG Lifetime Member
Joined
Jun 6, 2005
Messages
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Location
Moonstone, ON
Resorts Owned
The Beach Club at St. Augustine Beach, FL (1 floating week, purchased in 1982)

77,000 RCI points (Sunrise Ridge Resort, TN)
We have stayed there twice in the last couple of decades mainly for the location (so we can walk to baseball games at Jackie Robinson Park across the river). It was quite worn and tired looking the first time then the 2nd time we stayed they were excited to show us remodeled units (the wing facing the ocean). It was just a lipstick & mascara makeover and they didnt fix or move the pillar in the middle of the kitchen which made opening the oven door difficult and dangerous. The new units had about a 25" TV in the middle of the huge livingroom wall. We actually laughed out loud when we walked in and saw it. You'd need binoculars to watch baseball or hockey on the TV.

I know they suffered a lot of hurricane damage in recent years and were closed for a long time, and probably still are, since their website still says they will reopen in October of 2024. Too bad!

~Diane
 
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