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Warning: Legacy Vacation Club = Celebrity Resorts

Judy

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Recently Celebrity Resorts has morphed into a new company, Legacy Vacation Club. The CEO is a man who's name I recognize from the condo documents I received when I first purchased Resort World of Orlando (later called Celebrity Orlando) from the developer in 1984.

Here is a link to the documents filed with the state of Florida (thank you StephanieC for posting it on the celebrityresortowners yahoo group.)

http://www.sunbiz.org/scripts/corde...mp_name=LEGACYVACATIONCLUB&names_filing_type=
 

theo

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A rose is a rose --- and a skunk is a skunk...

Recently Celebrity Resorts has morphed into a new company, Legacy Vacation Club. The CEO is a man who's name I recognize from the condo documents I received when I first purchased Resort World of Orlando (later called Celebrity Orlando) from the developer in 1984.

Here is a link to the documents filed with the state of Florida (thank you StephanieC for posting it on the celebrityresortowners yahoo group.)

http://www.sunbiz.org/scripts/corde...mp_name=LEGACYVACATIONCLUB&names_filing_type=

Jared Myers was already the CEO of Celebrity Resorts prior to (and during, and after) the Celebrity bankruptcy filing and proceedings which began last March.

Accordingly, this does not really appear to represent a change in players, just a change in company name (which surely can't hurt, if your name was Celebrity Resorts)....:rolleyes: :shrug: :rolleyes:
 

gwenco

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Received the notification in the mail yesterday

Jared Myers was already the CEO of Celebrity Resorts prior to (and during, and after) the Celebrity bankruptcy filing and proceedings which began last March.

Accordingly, this does not really appear to represent a change in players, just a change in company name (which surely can't hurt, if your name was Celebrity Resorts)....:rolleyes: :shrug: :rolleyes:


As a Ramada/Leisure/Celebrity and now I guess, Legacy owner for many years, we received a postcard type of notification yesterday stating Celebrity has now been branded Legacy Resort Club. I am sure it was the result of the all in the Meyer family Chapter 11 filing from a few years ago. It also has a reminder in the note to pay your 2011 dues and where to send them!!:confused:
 

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I have owned at the Celebrity Brigantine, New Jersey location since the mid 1990's and have witnessed multiple ownership/management changes including Brigantine Inn> Preferred Equities> Leisure Resorts>Celebrity Resorts (not necessarily in that order, and not necessarily including the entire cast of characters).

Since Celebrity has taken over (around 2003???), the maintenance fees have almost doubled, and a Special Assessment of approximately $1100. was levied about 4-5 years ago. However, the m/fs for a 1 bedroom unit are now under $650. including the $20. reduction in 2010. We own prime July weeks at this resort that sits on a beautiful beach, and do not consider the m/f to be unreasonable.

The $32. mandatory "hospitality fee" collected from owners and exchange guests at check-in for the past few years has now been eliminated, beginning in 2011 for owners for sure (and maybe exchangers--not sure about that).

The renovations to the unit furniture and appliances over the past few years have been good but not great. The bulk of the monies have been spent on extensive repairs to the tall 80+year old landmark building, which was not maintained properly for many years. The new lobby, swimming pool, exercise room and porch are looking good.

A large number of owners turned out for the annual meeting held in October at the local library.

After the meeting I spoke privately with a key team member who appeared to be a "straight shooter" (but who can really tell with this outfit?). He said that the original developer still owns a large number of weeks and is now determined to dispose of them. They will be bringing in an on-site sales team to market them as some sort of Points program
(RCI Points perhaps???). He wouldn't ("couldn't") say. He said there would be some sort of 2-3 night deeply discounted rental deals to lure the victims in (obviously not his words!).

Darn! I love to spend my weeks at this resort lying on the beach, curling up on the porch with a good book, surfing the web in the lobby (free wi-fi), and slipping over to the Atlantic City casinos-about 10 miles away. Now I'll have to do "search and destroy" missions, advising victims to rescind the over-priced deals they have just purchased during the sales presentation. I guess the m/fs will remain reasonable while they are in active sales. After that, all bets are off.
 

Carolinian

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I put a warning up on Shark Alley over at www.timesharetalk.co.uk about Celebrity some time ago. I will link this thread there to update European timesharers about Celebrity a/k/a Legacy.
 

wof45

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I have owned at the Celebrity Brigantine, New Jersey location since the mid 1990's and have witnessed multiple ownership/management changes including Brigantine Inn> Preferred Equities> Leisure Resorts>Celebrity Resorts (not necessarily in that order, and not necessarily including the entire cast of characters).

we have 2 weeks and last summer bought a third -- which was recorded with the county in September, but has not been transferred at Celebrity because "their title company needs to check the title" -- who ever heard of that -- perhaps it was linked to their being in bankruptcy, but they also said our MF were on hold and didn't need to be paid until billed -- but we paid anyway just because we don't trust what they might do if we were late even if we don't have a bill.

We also have July and Aug weeks to use. I can't believe how many people they convinced to buy into RCI points. Maybe selling points will help them sell November and February weeks, but I feel sorry for whoever buys the points. I hope all the July and Aug people didn't get talked into RCI points since we would like to get another fixed summer week.
 

Judy

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theo

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All the "spinning" makes me dizzy...


For those who cannot access the above links via the Celebrity Yahoo Group, where I think access is limited to registered, unfortunate Celebrity owners, please allow me to share with you some of the beautifully "spun" opening lines of the first letter mentioned above:

============================================================================
"Dear Owner:

We have exciting news for you! As we made progress towards our goal of providing you better and more affordable vacation experiences, a new timeshare company emerged and now holds the valuable assets of Celebrity Resorts.

We are pleased to introduce you to this new company -- Legacy Vacation Club."
[verbatim quoted intro material ends here, although the letter's spin goes on to fill a full page].
============================================================================

Well, I suppose that the above "spin" sounds much better than openly and truthfully stating the actual facts or the real background, which would instead have to read something very much like the following:

Dear Owner:

You were probably completely unaware of the infighting and power struggle between Neil and (son) Jared Meyers, former and most recent Celebrity CEO's, respectively. You are also likely completely unaware that Celebrity Resorts filed for Chapter 11 bankruptcy nearly two years ago now. Our restructuring and attempted emergence from Chapter 11 bankruptcy, in which young Jared still remains CEO and all resort BOD's still remain completely under company control, is now officially renamed as Legacy Vacation Club.

In our future efforts to generate cash, please be ready to get pitched to "upgrade" (i.e., pay us money) to participate in a newly concocted internal points-based system. Thank you for "paying lots for little" in the past and we sincerely hope that you will continue to blindly do so in the future without much objection.

Thank you for your interest and attention in this matter of mutual concern, but of only unilateral benefit.


{So, do you think maybe CEO Jared will hire me to prepare future company press releases?} :shrug: :rolleyes: :shrug:
 
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Jennie

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:hysterical: :hysterical: :hysterical:

:bawl: :bawl: :bawl:
 

Jerry SKI

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Celebrity Resorts Owners Update Meetings?

I've getting almost daily calls from Island 1 Strata (407 581-1400), never leave messages. Tried many times to return the calls and find out why they keep calling. Today I finally spoke to someone, saying they are scheduling Owners Update. But have to have my wife on the phone at the same time.

Has anyone gone through this "Owners Update Meeting"? What are they going to try to sell me from this BK Company?

Thanks:mad:
 

theo

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Ready or not, here it comes...

I've getting almost daily calls from Island 1 Strata (407 581-1400), never leave messages. Tried many times to return the calls and find out why they keep calling. Today I finally spoke to someone, saying they are scheduling Owners Update. But have to have my wife on the phone at the same time.

What are they going to try to sell me from this BK Company?

Celebrity / Legacy has already openly announced plans to adopt "a new internal points system".
You can bet that the alleged "owners' update" will simply be your personal "opportunity" :rolleyes: to be hard sold on this wondrous new product. The spin machine announcing the "imminent arrival" of this wondrous new product was quite recent, but precise details (...and / or costs) of the "new system" are not yet known...
 
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shell823lost

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we bought into this group about 25yrs ago when they were american vacation club and then they changed to another name, then to celebrity.....when celebrity took over they wanted us to change to points and also wanted extra dues...we said no, we lost all of our vacations and the money we spent on it.
 

rrlongwell

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we have 2 weeks and last summer bought a third -- which was recorded with the county in September, but has not been transferred at Celebrity because "their title company needs to check the title" -- who ever heard of that -- perhaps it was linked to their being in bankruptcy, but they also said our MF were on hold and didn't need to be paid until billed -- but we paid anyway just because we don't trust what they might do if we were late even if we don't have a bill.

We also have July and Aug weeks to use. I can't believe how many people they convinced to buy into RCI points. Maybe selling points will help them sell November and February weeks, but I feel sorry for whoever buys the points. I hope all the July and Aug people didn't get talked into RCI points since we would like to get another fixed summer week.

Wyndham Vacation Ownership/Wyndham Vacation Resorts plays a variation of this game for properties their sales staff want to take over in conjunction with a new purchase.
 

berkshiregal

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Celebrity / Legacy has already openly announced plans to adopt "a new internal points system".
You can bet that the alleged "owners' update" will simply be your personal "opportunity" :rolleyes: to be hard sold on this wondrous new product. The spin machine announcing the "imminent arrival" of this wondrous new product was quite recent, but precise details (...and / or costs) of the "new system" are not yet known...

Glad I checked here. I've also been getting calls (if I don't recognize it I don't answer it) from FL. Figured it was Celebrity trying to reach me to sell me something. Yesterday I did talk to someone who told me about the change to Legacy and wanted to set up a call. Too inconvenient for me and I figured it was another sales pitch. Thanks for but no thanks.
 

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Please give reviews of Legacy, formerly Celebrity The Oaks

A salesman has presented a deeded week 6 2BR to me at Legacy Vacation Club, formerly Celebrity The Oaks. I'd like to hear from some owners. The lady in the corporate office was not clear in her explanation of the way they have presented deeded owners with a choice of keeping their week as is or converting to their new points program.

I live in NC so Legacy is a long way. I am accustomed to doing exchanges through RCI for weeks, and I would probably want to use it to exchange.

Do I understand correctly that the problem with RCI points is a difficulty in exchanging to get what you want?
Thanks!
 

slcrac

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Is this really a bait and switch scam?

We finally agreed to listen to the phone/online presentation on why it was in our "best and only" interest to switch to Legacy's point system with RCI vs. our fixed week with II. The pressure point they kept making was without RCI we would no longer be able to exchange our fixed week with II...rather we would be forced to accept and use our home fixed week unit.
Personally, I'd rather give the place away but since that's not going to happen...just wondering what or if anyone else has any further information or insight on this deal.
It seems like they have you over a barrel if there is any truth to what they insist is happening with the new Legacy ownership.
 

theo

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Don't get bamboozled by the Celebrity / Legacy spin machine...

We finally agreed to listen to the phone/online presentation on why it was in our "best and only" interest to switch to Legacy's point system with RCI vs. our fixed week with II. The pressure point they kept making was without RCI we would no longer be able to exchange our fixed week with II...rather we would be forced to accept and use our home fixed week unit.
Personally, I'd rather give the place away but since that's not going to happen...just wondering what or if anyone else has any further information or insight on this deal.
It seems like they have you over a barrel if there is any truth to what they insist is happening with the new Legacy ownership.

If you own a deeded fixed week 6, please don't lose sight of the fact that there is absolutely nothing Legacy can do to/with/about that deeded fixed week ownership. Period, amen. You cannot be unilaterally "converted" to points (...neither any cockamamie "internal points" system within Legacy nor over to RCI Points) without your overt participation and consent (...and, of course, also likely ponying up some considerable cash to help Celebrity / Legacy in their post-bankruptcy iteration efforts).

If it's true that you can no longer trade your week with II, it's most likely for an entirely different reason than the lame story spouted forth by the Legacy weasel. Perhaps II actually dropped Legacy from II affiliation entirely (or, less likely, vice versa). If that is the case, and the facility remains affiliated with RCI, then your deeded fixed week will still have a specific, discoverable TPU value within RCI's relatively new "Points Lite" system, regardless of any razzamatazz to the contrary babbled by the Legacy weasel.

If you (understandably) don't want to even bother any longer with the whole "Jared Meyers / Celebrity / Legacy show" (...a decision which I made in disgust earlier this year myself), you likely could give away a fixed week 6 in Florida with relative ease. I gave away a similar Celebrity / Legacy week earlier this year, simply by offering to pay the $200 Legacy "transfer fee" myself (I prepared and recorded the new deed on my own, so the only other cost was the County recording fee). Truly "free" to the recipient and, from my perspective, an overdue and welcome "adios" :wave: to Jared and Company...
 

theo

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Not seeking to argue (OR endorse Celebrity / Legacy in ANY way), but...

Here's their new website - - offering rentals at sub-maintenance fee prices.

For the winter week / unit size I owned at Celebrity, Indian Shores, FL, the weekly rental cost listed on the referenced site is over 150% of my last (2010) annual maintenance fee amount (...and I believe that rental figure is before local taxes, so add another 12% onto the quoted rental fee for the actual total cost). :shrug:
 
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Conan

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For the winter week / unit size I owned at Celebrity, Indian Shores, FL, the weekly rental cost listed on the referenced site is over 150% of my last (2010) annual maintenance fee amount (...and I believe that rental figure is before local taxes, so add another 12% onto the quoted rental fee for the actual total cost). :shrug:

Palm Coast is available on their site for Xmas week at $109/night plus tax.
My maintenance plus RE tax was $734 in 2010. You're right, if you bought the timeshare for $1 you're a bit ahead.
 

Judy

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The pressure point they kept making was without RCI we would no longer be able to exchange our fixed week with II...rather we would be forced to accept and use our home fixed week unit.
I deposit my week with II every year. I believe the salespeople are lying to you. I could also deposit it with RCI "Weeks" if I wanted.
 

lizrose

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sO DO WE HAVE TO GO WITH RCI OR LOSE OUR ABILITY TO DO EXCHAGES? AND THEN DO WE KEEP THE WEEK WE HAVE OR ARE THE POINTS ACTUALLY A BETTER SYSTEM-DOES ANY ONE KNOW. I DIDN'T SPEAK WITH THEM-JUST SAID I WOULD BE CONTACTING II
 

theo

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Interpretation and some thoughts...

sO DO WE HAVE TO GO WITH RCI OR LOSE OUR ABILITY TO DO EXCHAGES? AND THEN DO WE KEEP THE WEEK WE HAVE OR ARE THE POINTS ACTUALLY A BETTER SYSTEM-DOES ANY ONE KNOW. I DIDN'T SPEAK WITH THEM-JUST SAID I WOULD BE CONTACTING II

I'm not sure that I am correctly deciphering your question, but each individual resort, whatever and wherever it may be, is affiliated with either RCI or II --- maybe both --- as an exchange company.

Call and find out directly from the individual resort what their affiliated exchange company (...or maybe companies, plural) is / are. That is the company (...or maybe companies, plural) with which you can exchange (and in which you must of course purchase and maintain an active membership in order to do so).

In any event, if you now own a fixed week, it's going to cost you money (likely around $2,000 or more) to convert that particular ownership to points. That fact alone should greatly influence whether or not you want to even consider "converting". If your ownership is with Celebrity / Legacy, that conversion cost alone would likely far exceed the total current value of the entire ownership in the first place! :eek:
 
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