Here are my notes from yesterday's meeting... was going to attach as a file but can't figure out how to get my personal info out of the properties. Some names are as heard, may not be accurate. Much of this is very similar to what others have reported from other HOA meetings at impacted Wyndham properties. Some key points are
underlined
River Village Phase IIIB Owners Association Special Meeting 2 PM 20 October 2025
Lenape Room, Recreation Center
Nine people on the dais including KL Gates rep, Hilco rep, Wyndham rep, Management company GM (Greg Huffman), HOA (Brian Wilson, VP?), “Ashley” from the staff
Carol Martin. President of HOA Board of Directors, attending online via Zoom, convened the meeting, said the purpose was to discuss the sale of the resort.
Dan Eliades, KL Gates (law firm advising the process)
Mr. Eliades introduced himself as a “Restructuring Lawyer.” Said he would discuss how to sell the property. He mentioned Jeff Durney, counsel to the board, who would continue to be involved.
Slide: “Governance Overview”
This slide covered the HOA rules and regulations leading to this meeting.
Showed that 60.21% controlled by Wyndham/Worldmark. They are the ones who requested the meeting. The Board of Directors (BOD) approved
Slide: “Purpose of Special Meeting”
2024-25 occupancy 46.6% (meaning over 50% vacant)
Numerous upgrades needed to common areas (reception area and rec center) alone, including parking lots/sidewalks for ADA compliance. There is a planned telephone/Internet upgrade about $500K
(note: I’m staying in a Ridge Top unit and the landline doesn’t work, the front desk said there are a lot of problems with the phones).
A total of $47M upgrades across all of Shawnee; River Village II share of common area upgrades $22M. The HOA has about $9.6M budgeted for 2026-27 upgrades. The current Reserve Fund is about $7M. The balance would need to come from increased maintenance fees and special assessments.
Mr Eliades noted that the bankruptcy would be filed by the HOA, not an individual. No individual would take a credit hit for the bankruptcy.
Slide: “Options for Sale”
Impractical to pursue unanimous consent in a timely manner.
Could pursue a State Partition Action but this will take time (didn’t say how much)
Federal bankruptcy is faster (twice as fast as state action but again, did not give a specific estimate of how long)
The faster we get to a sale, the less has to be spent on maintenance. (note: I guess even if nobody is staying there some maintenance still has to be performed)
It is more common to sell out of bankruptcy proceedings than state court action.
Slide: “Bankruptcy Events”
Terminate timeshare plan at closing (of bankruptcy?)
Distribute proceeds of sale to creditors and then to owners (same with reserve fund)
Slide: “Post Bankruptcy Operations”
Owners will receive bankruptcy notice via mail/email. Bankruptcy will be filed in Wilkes-Barre PA (presumably in Federal court).
A website will be set up to communicate details of the bankruptcy proceedings.
Slide: "Consequences of a Sale"
Noted that there will be an offer from Club Wyndham to convert ownership to Club Wyndham Access (CWA) points in lieu of receiving proceeds from the sale. Covered in a separate presentation. Stressed that this is completely separate from the bankruptcy/sale process and is totally voluntary.
Hilco Real Estate presentation (Jordan Sheck, which is not the name on the slides)
Property facts (see below)
Prefer to sell as one parcel. May need to sell in sections, but will not sell individual buildings.
“Managed Bid Process” to get best offer... potential buyers bid against each other
Buyer could be another hospitality operator, or someone who wants to sell individual units as condos. Right now there are no potential buyers identified, have not started marketing yet.
Have been working with appraisers, current working estimate is $13-14 million for the entire Shawnee resort
Club Wyndham (Erica Stephens, online/Zoom)
No cost to convert to Club Wyndham Access (CWA) points.
(note: as opposed to exorbitant prices from sales pitches I've attended)
Owners will receive separate communication with offer
(note: few details during meeting but each owner's situation will be different)
Question & Answer session (this is only a partial list)
Q: What if nobody buys the property?
A: (Eliades, KL Gates) We don’t think that will happen, but at that point the HOA could “pivot” and figure out how to proceed.
Q: What happens to my deed?
A: (Eliades) “The deed will be extinguished out of sale.” (not sure what exactly this means but basically the deed is wiped out as a result of all these actions)
Q: (long rambling discussion which asked about the maintenance plan)
A: (Brian Wilson, HOA BOD VP) There is a 30 year maintenance plan which is part of the reserve study (apparently in reference to the reserve fund)
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Property Information (from the Hilco presentation)
Note: this is from cell phone imagery, may be some errors
Property Name & Address
Club Wyndham Shawnee Village
5255 Buttermilk Falls Road
East Stroudsburg PA
Property Description
Shawnee Village consists of over 200 acres and 580 units built in the 1980’s and situated in ten regions in the Pocono Mountains. Unit size varies from one bedroom units in attached buildings to four bedroom detached housing.
(ten regions are described in table below)
The resort includes a miniature course [sic], recreational/reception building with an indoor, sports court and exercise area. There are outdoor pool and tennis court areas as well as on-site laundry and maintenance facility.
Property Overview
580 Units
668,303 sq ft of NRA (Net Rentable Area)
Over 200 acres of land
Connecting One, Two, Three and Four bedroom units
Common area amenities including an indoor/outdoor pools, tennis courts, cook-out areas, indoor sports court and other resort style amenities
Note: the cell phone picture was not clear, numbers below may have errors
| Unit Type | No. Of Units | Average Unit Size | NRA (ft2) |
| River Village – 2 BR | 36 | 1200 | 29600 |
| River Village Phase 2B – 2 BR | 132 | 1200 | 245200 |
| Fairway House – 1 BR | 30 | 960 | 8600 |
| Fairway House – 2 BR | 29 | 1200 | 44304 |
| Depuy House – 1 BR | 7 | 800 | 5600 |
| Depuy House – 2 BR | 66 | 1200 | 79200 |
| Ridge Top Village – 2 BR | 205 | 1200 | 235955 |
| Ridge Top Village – 2 BR Deluxe | 44 | 1200 | 50520 |
| Ridge Top Crestview – 4 BR Pres | 3 | 2294 | 6352 |
| Ridge Top Crestview – 2 BR | 28 | 1144 | 40472 |
| Total/Average | 680 | 1180 | 648200 |