What Happens if Wyndham buys the Miners Club?

[alant]

I have owned at the Miners Club in Park City Utah for past 9 years. The Miners Club was supposed to have three phases but they (Raintree Vacation Club) never built phase 2 and 3. Wyndham bought the designated land for phase 2 and 3 and just completed a new facility that blocks out the Miners Club from view. One has to drive through a Wyndham built structure to get to the Miners Club Parking Garage.

We are now staying in Park City this week at the Miners Club and when we checked in we were told Wyndham has already bought 10 units in the Miners Club. We were also told that Wyndham is actually already the onsite manager of Miners Club . Finally, word has it that Wyndham is sooner or later going to buy the Miners Club and either convert it or knock it down and rebuild it.

Visiting the new Wyndham which is beautiful but not really that much different from the Miners Club , we were told that as Miners Club owners we would never be able to stay there and Windham was not interested in giving us any credit for for the ownership we have in the Miners Club to upgrade into the new Wyndham.

There was a subtle message that Miners Club owners were possible going to be in some type of jeopardy if Raintree sold the Miners Club.

Does anyone have more information on this situation? Could Raintree sell the Miners Club without Wyndham having to honor my ownership? If the sale happens , and the Miners Club is demolished , what recourse would Miners Club owners have?

I appreciate any thoughts and advice.

 

[silentg]

Are they trying to get you to buy into Wyndam ? We had a small timeshare in Vermont that was remodeled and new management took over. We had to pay assessment fee and they relocated us to another floor because they converted our unit to a manager's office. We had a lease and they honored it. I don't see how they can force you out without offering you some compensation.
TerryC

 

[alant]

Thanks for your response . They would love me to buy into Wyndham but there is no point if I would have to keep the same basic timeshare at the Miners Club. It looks like they are going to buy the Miners Club . I am not sure why they would not approach current owners with some "trade in offer".

 

[vacationhopeful]

Oh, trust me ... Wyndham will get around to taking your deed in trade along with $25,000+/- of your greenbacks.

 

[ronparise]

Oh, trust me ... Wyndham will get around to taking your deed in trade along with $25,000+/- of your greenbacks.

took the words right out of my mouth

Wyndham has been growing by acquisition for sometime The miners Club units they bought are now in the Worldmark Club, and the new building is in Club Wyndham...two completely separate Timeshare systems that Wyndham manages.

What you (the op, not Linda) fail to understand is that you still own what you own, If you have a deeded interest at the Miners Club, the fact Wyndham bought 10 units in your building doesnt change that, None of your rights have been taken away, and nothing extra has been given to you...as Linda said you will probably be given the opportunity to buy something additional (dont do it by the way

 

[alant]

Wyndham has reduced inventory for Miners Club Owners

Thanks for your comment. However, if 10 u nits from the Miners club have been put into Worldmark , something I have no access to, my chances of getting rooms each year at the Miners Club is reduced. Moreover, the Wyndham sales people told me that Miners Club Owners have no access to the new Wyndham Park City . Its a one way street . Wyndham members compete with me for Miners Club Rooms but I cant get into the Wyndham.

Now what happens if Wyndham buys the entire Miners Club and inserts it into Worldmark ? Or if the knock it down , the facility I bought is no longer in existence.

 

[vacationhopeful]

If you perceive the unsold inventory at Miner's Club is reduced due to the 10 units transfer to Worldmark ... you MAY be right. But that inventory was NOT (ok, never) yours - eventually it would have GONE AWAY as other owners brought units at your TS resort. When Worldmark's computer books their owners, they will only have 10 units to book at each week - when booked out, the computer can not raid YOUR inventory.

As for tearing down the resort (your particular building) - they would have to dissolve YOUR timeshare resort. Easier if it was burned down or destroyed by Mother Nature .... lump sum of insurance money minus removal of the debris divide by the total number of units (including unsold inventory which the management company might hold) +sale of lot ... you might get a check for $1.95.

 

[ronparise]

Thanks for your comment. However, if 10 u nits from the Miners club have been put into Worldmark , something I have no access to, my chances of getting rooms each year at the Miners Club is reduced. Moreover, the Wyndham sales people told me that Miners Club Owners have no access to the new Wyndham Park City . Its a one way street . Wyndham members compete with me for Miners Club Rooms but I cant get into the Wyndham.

Now what happens if Wyndham buys the entire Miners Club and inserts it into Worldmark ? Or if the knock it down , the facility I bought is no longer in existence.

The units that Wyndham bought were for sale before Wyndham bought them. . If Raintree had sold those ten units to 500 new owners (10 units at 50 weeks each is 500 new owners) which presumably was what you expected before Wyndham came along, Your chances of getting a room each year would have been exactly the same as they are now

as far as Wyndham owners looking for a room at the Miners club, They dont have that option except through some sort of exchange,. And of course you have that exchange options available to you too

If Marriott had built on that property, would you expect to have access to their suites just because you own at the property next door?

 

[DonnaD]

Raintree question

I am at Raintree in Puerto Vallarta now and I will go ask the sales manager.
DonnaD

 

[silentg]

There are other resorts that have the same situation as you, Star Island in Kissimmee has some Wyndam and others are Star Island. If any Star Island owners read this, can you advise Alant?

 

[Tia]

I have owned at the Miners Club in Park City Utah for past 9 years. .....

I appreciate any thoughts and advice.

Curious if you own fixed weeks or float? If it's fixed you still own that week, but if it's float then it's possible the float inventory has been decreased by 10 units.

Wyndham bought out Equivest years back and we owned Bluebeards Beach Club, we no longer own there. We continued to use our fixed wk like always. Wyndham started upgrading owners to their points program, this could cut back on float week inventory.

 

[55plus]

If your timeshare company sells out to Wyndham expect a price increase in everything. Maintenance fee will increase because Wyndham employees control the makeup on the owners association boards. There will be additional fee and fee increases for everything. They have many avenues and revenue streams to get into your pockets and take you money.

Don't buy anything from a Wyndham sales weasel. Instead, buy on eBay or from a owner on TUG, this website. It will save you tens of thousands of dollars.

 

[Sandy VDH]

I've own 1 timeshare that was sold, torn down and in its place the company that wanted our land (Harrah's) purchased an apartment complex with more units across the street and converted our ownership to the new building. No this was not Wyndham, but now Holiday Inn Vacation Club. When Holiday Inn took over they offered us a nominal charge to convert to the HIVC membership.

If Wyndham's lips are moving, they are likely trying to just scare you into buying points with them. Seems they been successful in scaring you, but not successful enough to make you buy into Wyndham. With Wyndham you could buy more points or convert your week, but this has never been a cheap path to convert with Wyndham (3K and now perhaps only with new purchase, I don't know for sure).

In reality you have access to only what you are permitted to have (units sold), but you view it, perhaps erroneously as now a limited number of units (unsold units have been removed from your usage). Those unsold units, albeit, may have been made available to you by Miners Club, but you only really had access to the sold portion of units.

Our motto here, plan early and don't be disappointed if you have a floating week. If you have a fixed week, you already have a plan in place, and you have to decide to use it or deposit it into an exchange company.