Spinnaker Resorts Sale

[Clov9974]

Wow! Just received an email from Spinnaker Resorts ( I own at Bluewater in HHI) that they are being acquired by Travel + Leisure Co, parent company of Club Wyndham, WorldMark, Margaritaville Vacation Club etc. Since I have a Floating Week membership it will be very interesting how the transition occurs and will possibly force weeks owners to convert to their Point System.

 

[DRIless]

Dear Spinnaker Owners,

Forty-five years ago, our parents, Ken and Joan Taylor, began what would become Spinnaker Resorts with a simple belief: vacations are more than time away - they are moments when families reconnect, memories are made, and traditions begin. What started as their vision grew into a successful business, a place of meaningful vacation experiences for our owners, and a true extended family for the team members who helped us grow.

Through the years, we have experienced the inevitable ups and downs that come with building and sustaining a family business. Yet one thing has always remained constant; our commitment to hospitality and to the people who placed their trust in us. You trusted us with your vacations, your family time, and your memories, and that has meant more to us than words can fully express.

Because of that, we wanted to share this news with you personally and in our own words. After much thoughtful consideration, we have made the decision to enter into a definitive agreement with Travel + Leisure Co. to acquire Spinnaker Resorts and help guide the company into the future.

As one of the most respected names in vacation ownership, Travel + Leisure Co. has a simple mission: to put the world on vacation. The company's 280+ resorts span a portfolio of brands, including Club Wyndham, WorldMark, Margaritaville Vacation Club, Sports Illustrated Resorts, Accor Vacation Club, and Eddie Bauer Adventure Club. And with its innovative points-based membership model, the company gives owners the flexibility to travel how they want, where they want, when they want.

We believe Travel + Leisure Co.'s experience, resources, and commitment to exceptional vacations will continue to strengthen the owner experience and help carry Spinnaker Resorts forward with confidence.

With deep gratitude,


Carolyn Oliver Christine Taylor

 

[GoPokes!]

I own a floating week at Palace View in Branson and received the same email. I'm not worried about being forced to convert to points as my deed specifies a week, not points. I do wonder if they plan to keep the Spinnaker brand as it's own entity or incorporate it into another brand owned by Travel + Leisure. The email was sadly lacking in details.

 

[Travelingman1]

Does Spinnaker currently use RCI or II?

So @GoPokes! This is where things get interesting. Technically you own a deed to property. CW owns the reservation system you will use in the future to utilize your deed.

If past is prelude, TNL will likely create a new trust or overlay program (similar to how Wyndham integrated shell systems in the past). You will be invited to a "mandatory owner update" next time you check in.

They will attempt to convert you to the points system, which would be 100% ok except for two big issues: 1) How will your week be valued, as you can see from the attachment they value weeks differently based on the week number. Will they actually give you the correct amount of points?

2) How much will they try to charge you, because, again based on past M&A, they charge for the courtesy of merging you into their system.

You can just say NO. But it will cause an issue because they can't force you but they can make accessing you week more difficult.

If it was me right now I would:
read the original contracts
download their current booking rules
secure proof of any promised booking priority before the systems are migrated

Then when forced into the "owner update" know your best alternative to negotiation (walking away IE Deed Back or just refusing to convert) and understand what that entails.

I would push them on the following:
1) negotiate down the conversion fee
2) demand higher promotional point values for your legacy weeks
3) Try to get maintenance fee waivers

When you do this though you must know what your options and levrage are.

Good luck!

 

[amasiker74]

Wow! Just received an email from Spinnaker Resorts ( I own at Bluewater in HHI) that they are being acquired by Travel + Leisure Co, parent company of Club Wyndham, WorldMark, Margaritaville Vacation Club etc. Since I have a Floating Week membership it will be very interesting how the transition occurs and will possibly force weeks owners to convert to their Point System.

We own in Branson, and I'm wondering the same. I dont understand how the points work, and honestly I'm annoyed that I might have to learn

 

[HitchHiker71]

For anyone interested - we have the T&L/Wyndham thread for this same topic running here: https://tugbbs.com/forums/threads/t...f-yes-vacations-and-spinnaker-resorts.382917/

 

[amasiker74]

I own a floating week at Palace View in Branson and received the same email. I'm not worried about being forced to convert to points as my deed specifies a week, not points. I do wonder if they plan to keep the Spinnaker brand as it's own entity or incorporate it into another brand owned by Travel + Leisure. The email was sadly lacking in details.

We own at Palace View South in Branson. I'm wondering the same things. The email gave basically no information. So annoying!

 

[GoPokes!]

Thanks for info @Travelingman1. I have no intention of converting a week to a points based system as I am happy with using my week just as I have used it for the past 14 years. I am confident the new owners can't alter my ownership rights. They won't "force" me to an owners update, but I may attend out of curiosity depending on what incentive they offer.

 

[montygz]

Kings Creek in Williamsburg trades in Interval International

 

[chosshaul]

interesting. Not too many small timeshare players left at this point

 

[bauerej]

In my opinion, this is sad news. We have owned Spinnaker (Waterside at Hilton Head) for aobut 17 years, it is by far the best managed timeshare system I have been involved with. They have kept their maintenance fees lower than my other resorts, and taken measures to protect owners from non-payment of maintenace fees by other owners and Viking ship companies. This resort has been very well maintained and managed. I already own in Wyndham, so have nothing to gain there. I expect nothing other than higher fees.

 

[katty83]

I personally dread it. We became owners a few years ago after turning many other resorts down. I hate to see us go to a point based system.

 

[katty83]

In my opinion, this is sad news. We have owned Spinnaker (Waterside at Hilton Head) for aobut 17 years, it is by far the best managed timeshare system I have been involved with. They have kept their maintenance fees lower than my other resorts, and taken measures to protect owners from non-payment of maintenace fees by other owners and Viking ship companies. This resort has been very well maintained and managed. I already own in Wyndham, so have nothing to gain there. I expect nothing other than higher fees.

How does Wyndam work for a week? I see they have a deluxe 2 bedroom on a schedule i was looking at but we own a 3 bedroom on hhi and absolutely do not want points which is why we chose spinnaker over others. I am curious how Wyndam points work.

 

[GoPokes!]

I personally dread it. We became owners a few years ago after turning many other resorts down. I hate to see us go to a point based system.

You won't have to change to a points system.

 

[Quinte]

We have owned King’sCreek since before Spinnaker. There are two groups: deeded weeks in the original part and a points system in the Estates. We are in the points system and have mostly ended up trading through II. I’m not certain if they are different underlying trusts.