Timeshares in Key West

[mas]

I've used Cypress Harbour and Kona Coast Resort. I've never had a problem getting the exchange.

 

[lll1929]

A few days ago, there were several Hyatts avail in II during Aug and Sept 08.

http://www.tugbbs.com/forums/showthread.php?t=71095

Oops, I just re-read and saw that you trade RCI.

 

[ml855]

I've used Cypress Harbour and Kona Coast Resort. I've never had a problem getting the exchange.

Thanks, how long did you have the request going before II match your exchange. Plus, when did you place your request, was it a year out, longer than a year, 7 months etc.?

 

[mas]

Thanks, how long did you have the request going before II match your exchange. Plus, when did you place your request, was it a year out, longer than a year, 7 months etc.?

My requests are placed normally 10-12 months before the requested dates. My dates are always between the end of Jan. to the end of April with the largest percentage in Feb-March. The exchanges usually come through anywhere between Sept thru early Dec.

 

[ml855]

My requests are placed normally 10-12 months before the requested dates. My dates are always between the end of Jan. to the end of April with the largest percentage in Feb-March. The exchanges usually come through anywhere between Sept thru early Dec.

Thanks, for the information. I'm going to let my request ride and hopefully I land one of the Hyatts on Key West. Never been there and would love to visit. Keeping my fingers crossed.

 

[islandjerr]

banyan and RCI

Right, Jeff.

As a Board member, I can report that we have been working onthis affiliation for a long time. The bureaucratic nonsense of adding an affiliation is similar to working with any government and it has taken an inordinate amount of time. We are in the finals, we think, of the dual affiliation and hope to have it soon. Those RCI members interested should ask RCI for an exchange into the Banyan.

Good luck,

Jerry

Here's the reply I received from a Banyan owner:

The Board has approved an affiliation with RCI and the contract may have been signed. There is no plans to change the II affiliation. Banyan owners will have the option of joining one or the other, both, or none at all.

I'd need to email the Banyan for more detailed information, which right now I'm not interested in doing.

Jeff

 

[Timesharemogul]

The Banyan has been my favorite II exchange

I agree with those who said the Banyan was the best exchange....though I would add "in all of I.I. if you can't get into the Galleon".
Owning several weeks at Galleon and having traded back into the Galleon many times thru II and RCI, I've also had the opportunity to confirm exchanges into HSH, HBH, Coconut Beach, and Banyan. By far the Banyan has the best and most central location. In terms of room quality, I thought HSH was the worst for a whole laundry list of reasons I detailed in a review when I stayed there after it was newly opened.
Nowadays, when I put in a pending request thru II back to KW, I always include Banyan, Galleon, and any one other resort except Coconut Mallory or HWP which are both too far IMHO from town and too close to the airport.
JMHO,
Brian

 

[zentraveler]

The limiting factor in Key West is and will remain availability --- outside of hurricane season anyhow --- since demand consistently exceeds supply there. Who would just "deposit" something that valuable???

Why is it such a poor idea to deposit and trade these properties? New to exchanging but I am going to try to trade my FSA through II for either Hawaii or Key West in January or March. To do this I will need to deposit my time. I suppose I could rent it and use the money to rent something else, but what is so bad about exchanging??

 

[Timesharemogul]

Why is it such a poor idea to deposit and trade these properties? New to exchanging but I am going to try to trade my FSA through II for either Hawaii or Key West in January or March. To do this I will need to deposit my time. I suppose I could rent it and use the money to rent something else, but what is so bad about exchanging??

It's not that it's a poor idea to trade these properties, Zen...it' just a lot easier for an owner to exchange their valuable timeshare into cash from renting it since the demand is there.....and then turning around and spending a smaller portion of that same cash received into suitable accomodations for a future trip. After years and years of trials and errors made thru trading and renting out my timeshares, I've come to learn that while my Key West units do trade for some of the best properties, I generally fare better by putting them up for rent and can often get the exchanges I want with "lesser" timeshares. My best results in exchanging have not come from my units in Key West, but have come from a studio I own in Islamorada at an RCI- affiliated Silver Crown resort some 90 miles to the northeast of Key West! If I had known then what I know now....

 

[theo]

You misunderstood...

Why is it such a poor idea to deposit and trade these properties? New to exchanging but I am going to try to trade my FSA through II for either Hawaii or Key West in January or March. To do this I will need to deposit my time. I suppose I could rent it and use the money to rent something else, but what is so bad about exchanging??

My intended point was (...and still is) that because of the limited availability of prime Key West weeks, such weeks have very high value. Accordingly, the owner of a high value Key West week who is not actually using his/her week is likely far better off just renting it out for top dollar, rather than just depositing it for a potential "exchange" into something likely not as good or as "valuable" as what they deposited in the first place. That Key West rental income will pay for a week most anywhere else, and likely with some cash still left over...

In short, my statement which you quoted a few posts above was not a condemnation of exchanging, it was merely a factual observation regarding the limited availability and associated high value of Key West weeks. I just don't see (and can't easily imagine) a smart Key West owner having much interest in trading "down" instead of renting out that owned week for the top dollar rental prices which prime Key West weeks consistently command --- when the owners can't actually use and enjoy the week themselves.