Wyndham is closing a handful of legacy resorts - dedicated chart/tracker located in the first post for this unfolding set of events

[CO skier]

It seems like a safe assumption that Wyndham would not be doing this without having "the votes in the bag" or close to it. For Wyndham to have control of the vote, it would need to control the deeds. The deeds could only be acquired by purchase, or abandoned by the owner through foreclosure or Certified Exit. If Bentley Brook is so popular, how can Wyndham have so much voting power?

That also suggests how relatively few deeds remain in owners' hand to swap, in all the affected resorts, if they even want that option.

 

[Rolltydr]

This is a negative

We don’t know that because we don’t know what the end game is. Simply closing some unknown number of resorts? Selling some unknown number of resorts to another entity? Replacing some unknown number of legacy resorts with resorts in other, more desirable locations? The great majority of this story is unknown at this point. We know that one legacy resort is leaving Wyndham inventory and that 2 others are “partially” leaving, whatever that means. Let’s not start jumping out of windows yet!

 

[bnoble]

Let’s not start jumping out of windows yet!

It wouldn't be very TUG of us to wait...

 

[dioxide45]

It absolutely matters whether it is converted to condos and CWA points offered in trade for deeds from owners who want to continue with Club Wyndham or if it just leaves the CW system and no points are traded for deeds.

So, without an official announcement, why is Bentley Brook even a part of this?

Regardless of what happens to it, it moves the burden of reservations from that resort to another resort within the same vicinity. Doesn't matter if the resort closes or simply is removed from the club.

 

[CO skier]

Regardless of what happens to it, it moves the burden of reservations from that resort to another resort within the same vicinity. Doesn't matter if the resort closes or simply is removed from the club.

Which takes us back to the question I asked (not very well, apparently) in post #539, so I will rephrase.

If there are enough owner reservations at Bentley Brook to "burden" any other resort(s) in the vicinity when it leaves the Club Wyndham system, why did it make Wyndham's list of affected resorts, that is presumed to be based to some degree on lack of owner reservations/interest? It would seem other CW resorts in the vicinity can easily absorb whatever owner demand Bentley Brook is now meeting.

 

[Twenty20]

I've read much of this thread,. I'm an owner at FG... Inherited a converted fixed week.

126k points and my total MF+Club fee comes to about $1200/yr currently. Not sure his much of that is the club fee.

I've actually been wanting to get rid of this. We actually really love the Glade, I've been going there with family for over 40 years and have a lot of great memories. Sad that it's happening, but we rarely go there anymore. I've been maybe twice in last decade. Went last year, and the golf and lake were still great... But really there is so little else going on there. Only one basic restaurant/grill at one golf course is still open. Decades ago there were several restaurants, pizza place, small grocery store, ice cream place and village mall. All gone (vacant).

The newer indoor pool facility is really nice, but definitely geared towards the local retiree population.

I'm taking it that my best solution is to do nothing and take whatever they give me. I'd be fine with nothing and be done with it at this point. I tried giving it back to them via Certified Exit last year and they wouldn't take it.

I have the full 126k current year points deposited into 2026 use year. What will happen with those? Along with RCI points previously deposited?

 

[geist1223]

I assume (we know what that translates to) (Worldmark Owner not Wyndham) that Wyndham can easily absorb the removal of Points in the Millions of Points they own.

 

[Sandi Bo]

It seems like a safe assumption that Wyndham would not be doing this without having "the votes in the bag" or close to it. For Wyndham to have control of the vote, it would need to control the deeds. The deeds could only be acquired by purchase, or abandoned by the owner through foreclosure or Certified Exit. If Bentley Brook is so popular, how can Wyndham have so much voting power?

That also suggests how relatively few deeds remain in owners' hand to swap, in all the affected resorts, if they even want that option.

In 2016 I purchased Bentley Brook (resale) using a broker. Jumped through all the hoops, we were all the way to the point where the transfer was sent to Wyndham. And this happened (from the broker): I apologize for any inconvenience this causes, Wyndham informed us that the current owner of the timeshare you purchased has already cancelled the contract without informing us.

Wonder if Wyndham has been collecting them for awhile? It was shady then, and look at what's going on now.

My point being, don't assume people didn't want them and that Wyndham got stuck holding the bag.

 

[Sandi Bo]

Correct me if i'm wrong, but Wyndham can't sell more CWS deeds than they have theoretical max rooms for in a calendar year.

I have to assume there's some sort of theoretical max number of "Access Points" available in the system, as a whole and they cannot exceed that, right?

I think considering how many foreclosures and ownerships turned in via Ovations/CE in the past few years, that's what they are using to try to make these owners whole. One would hope they are not fabricating points out of thin air, like our government does with the debt ceiling.

Sorry, I have to laugh at this!

 

[meetseti]

fairfield bay maint fees are $9.88

I think this may depend on the specific unit owned. I have a converted fixed week at Fairfield Bay with 2025 MFs of $6.06 per thousand points. Swapping into CWA would raise these fees by 34%.

 

[comicbookman]

I think this may depend on the specific unit owned. I have a converted fixed week at Fairfield Bay with 2025 MFs of $6.06 per thousand points. Swapping into CWA would raise these fees by 34%.

that should have said fairfield glade

 

[HitchHiker71]

Seems important enough for a column

Total closure
Total Condo conversion
System removal - owners retain deeds
Affects only part of Wyndham development

Not sure it makes sense to add it just yet until we have more guidance. To date I’ve received no guidance or even rumors as to the disposition of any of the resorts, but as soon as we do, I will add the column. I suspect once the HOAs draft and send out the voting questions we would have a better idea of dispositions?


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[HitchHiker71]

We don’t know that because we don’t know what the end game is. Simply closing some unknown number of resorts? Selling some unknown number of resorts to another entity? Replacing some unknown number of legacy resorts with resorts in other, more desirable locations? The great majority of this story is unknown at this point. We know that one legacy resort is leaving Wyndham inventory and that 2 others are “partially” leaving, whatever that means. Let’s not start jumping out of windows yet!

The Confirmation column does not indicate how the resort is leaving, it represents whether we have confirmation as to whether the resort is impacted. “Partial” means we have unofficial back channel confirmation from a reliable source, but no official public confirmation from either a reputable news outlet or direct from Wyndham.


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[Floridaman76]

Someone posted a communication from the Fairfield BAY HOA today confirming that site too

 

[Floridaman76]

@HitchHiker71 I see a "Wyndham Branson" listed in there, but that's not a property name. There's Falls, Meadows and Mountain Vista. I also haven't seen any chatter about that area. One would have to assume of the 3 WYN resorts in Branson, Falls would be the one to go. It's the oldest property and has the least going for it in terms of resort amenities and suite types. And also no elevators. This resort also may have been sold as weeks when it was first built, I don't know, this is the one property in Branson I have not stayed at.

Meadows is huge, relatively new AND the main activities center, and Mountain Vista is the newest property. Both of these also have Presidential Suites, although i'm not sure any of them are PR or not.

If Wyndham ends up dumping Meadows, it should signal to all of you that the company, and the product we own is in HUGE trouble.

This area is pretty seasonal, in the Winter you can get all sorts of last minute availability. In December I was able to book a 1BR suite at Mountain Vista less than 2 weeks out when they were doing that 50% off sale and instant upgraded it to a 3 BR Deluxe the week before Christmas. My understanding is MF are high at all 3 of these resorts and there's obvious oversaturation and excess inventory at this location most of the year.

 

[Roger830]

In 2016 I purchased Bentley Brook (resale) using a broker. Jumped through all the hoops, we were all the way to the point where the transfer was sent to Wyndham. And this happened (from the broker): I apologize for any inconvenience this causes, Wyndham informed us that the current owner of the timeshare you purchased has already cancelled the contract without informing us.

Wonder if Wyndham has been collecting them for awhile? It was shady then, and look at what's going on now.

My point being, don't assume people didn't want them and that Wyndham got stuck holding the bag.

Apparently members are like Bob Dylan said, "Only a pawn in their game."

 

[HitchHiker71]

Someone posted a communication from the Fairfield BAY HOA today confirming that site too

Please link to said communication.


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[Floridaman76]

Was posted on facebook

 

[CO skier]

Was posted on facebook

“Announcement affecting local Wyndham Operations and Timeshare Operations Nationwide.”

“Wyndham is abolishing the timeshare route and dissolving the Condo HOA’s …”

Good grief. Talk about a Fake News hair-on-fire post from fakebook. Where is my fire hose?

 

[CO skier]

My point being, don't assume people didn't want them and that Wyndham got stuck holding the bag.

Has anyone "assumed" people did not want Bentley Brook deeds? Of course not. But many owners abandoned their weekly interval deeds at BB and other resorts either through foreclosure or Certified Exit. That is a fact, not an assumption. Wyndham takes responsibility for the maintenance fees on these deeds, for years. That is "getting the votes in the bag" for the possible disposition of a resort.

BIG difference between "holding the bag" and "getting the votes in the bag" for a resort-wide vote.

 

[dioxide45]

Was posted on facebook

View attachment 113114

Nothing new at all here and more or less they really don’t know what they are talking about. Just more hearsay.

 

[HitchHiker71]

One would hope they are not fabricating points out of thin air, like our government does with the debt ceiling.

As a finance and economics geek among other things, technically the government doesn't fabricate anything. The Treasury department issues debt in the form of T-Bonds/T-Bills and a few other debt instruments, and that debt is sold to buyers in Treasury auctions. The government only has control over fiscal policy, not monetary policy. The entity that is able to actually create money from nothing (and your tricks for free?), via QE, is the central bank, which controls the monetary supply. Geeking out here for sure.

 

[HitchHiker71]

Was posted on facebook

View attachment 113114

Unless I'm reading this wrong, the only thing this article does is to confirm what we already know, and it also links to the very same article regarding FG that we already have. Granted, it's posted in some group called Fairfield Bay Today, but that's not any kind of confirmation, it's simply a posting in a group. When we have actual confirmation, whether official or unofficial, like from an actual owner that has talked firsthand with someone at the resort that confirms they have met with Wyndham corporate and were told that their specific resort is impacted, or a HOA BOD member (yes, we've had confirmations so far from HOA BOD members to date), then we can list that resort as PARTIAL under the Confirmation column.

 

[HitchHiker71]

Has anyone "assumed" people did not want Bentley Brook deeds? Of course not. But many owners abandoned their weekly interval deeds at BB and other resorts either through foreclosure or Certified Exit. That is a fact, not an assumption. Wyndham takes responsibility for the maintenance fees on these deeds, for years. That is "getting the votes in the bag" for the possible disposition of a resort.

BIG difference between "holding the bag" and "getting the votes in the bag" for a resort-wide vote.

I posted this already in this fast growing thread, but it's a pretty good assumption that these older legacy resorts were originally bought by older owners that are aging out of timesharing. Wyndham, at least in part, created Ovation/CE specifically because owners were requesting a method to be able to deedback. So it's a pretty safe bet that many of those owners simply handed in their legacy timeshare contracts over the past ten years. If Wyndham's plan was a longer-term plan, then it's also a safe bet that they've been accumulating these deeds for some time now, and renting out as much of that inventory as they can to help manage costs. It also may not have been a long term plan, perhaps it was birthed during the pandemic years not all that long ago. Either way, I certainly don't think this was the intent of the deedback program from the outset to be clear, but like any program, metrics are tracked, and then somewhere along the line, various business objectives were established and at that point, everyone looks at all available metrics as it relates to obtaining those objectives, and someone likely realized that the deedback program was useful in being able to target collection/intake of deeds from certain legacy resorts that were on a prospective list to be exited from CW. At that point, CE may have been instructed to collect deeds for a subset of resorts. So while the deedback program didn't exist for this sole purpose, it was useful to attain a certain objective/outcome. People tend to boil things down to a simple binary outcome, when the fact is it's never that simple, it's most often both/and on multiple levels.

 

[T-Dot-Traveller]

[ I know I am going off topic ]

As a finance and economics geek among other things, technically the government doesn't fabricate anything. The Treasury department issues debt in the form of T-Bonds/T-Bills and a few other debt instruments, and that debt is sold to buyers in Treasury auctions. The government only has control over fiscal policy, not monetary policy. The entity that is able to actually create money from nothing (and your tricks for free?), via QE, is the central bank, which controls the monetary supply. Geeking out here for sure.

Hi @HitchHiker71 - Truly thank you for this clear explanation.
*******
Now can you explain how Crypto Currency & Crypto Mining work
[ In terms of fabricating from thin air ]