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

[tiniv]

Will the deeded owners be paid out according to the location

 

[tiniv]

It depends on the deed you own. Both of my deeded properties are being closed and they are every other year contracts. I just found out that they are not eligible for points to be swapped.

 

[paxsarah]

One piece of information that could be helpful for the speculators to speculate in their own sandboxes would be the number of intervals/points at each affected resort. Then they could get a decent ballpark estimate of their fraction, and run their own numbers based on any combination of sales prices minus debts/legal fees/etc they wanted to play with.

I just discovered a simpler way, at least for the resort filings that have this information (I would think they'd all have it eventually) - the OIRC voluntary petition filing has a table listing every interval owner and their percentage of ownership. Star Island doesn't seem to have it yet. (I'm using this page of the Omni site, hoping all of the resorts will use it and end up here eventually.)

 

[HitchHiker71]

It depends on the deed you own. Both of my deeded properties are being closed and they are every other year contracts. I just found out that they are not eligible for points to be swapped.

Did Wyndham tell you this directly and if so, did they provide a reason?


Sent from my iPhone using Tapatalk

 

[Floridaman76]

It depends on the deed you own. Both of my deeded properties are being closed and they are every other year contracts. I just found out that they are not eligible for points to be swapped.

That's interesting, do CWA EOY contracts not exist? Can't say i've paid attention to that. It wouldn't surprise me if WYN is de-emphasizing or has ceased selling EOY contracts anymore, but it would seem they would have some way to make that work for owners who wanted to stat in points

 

[Greg G]

I just discovered a simpler way, at least for the resort filings that have this information (I would think they'd all have it eventually) - the OIRC voluntary petition filing has a table listing every interval owner and their percentage of ownership. Star Island doesn't seem to have it yet. (I'm using this page of the Omni site, hoping all of the resorts will use it and end up here eventually.)

I just looked at the Star Island one and it does have that table.

 

[paxsarah]

I just looked at the Star Island one and it does have that table.

You're right! I looked at the amended one and not the original one.

 

[chapjim]

I just discovered a simpler way, at least for the resort filings that have this information (I would think they'd all have it eventually) - the OIRC voluntary petition filing has a table listing every interval owner and their percentage of ownership. Star Island doesn't seem to have it yet. (I'm using this page of the Omni site, hoping all of the resorts will use it and end up here eventually.)

I'm not seeing any table.

 

[paxsarah]

I'm not seeing any table.

It's in the "Voluntary Petition" document, an 82-page PDF, most of which is the list of interval owners.

 

[HitchHiker71]

I'm not seeing any table.

Here's the explicit link for the OIRC document that contains the table in question: https://casedocs.omniagentsolutions.com/cmsvol2/pub_47562/9b1cd4a4-9f3e-4ff0-9270-9b5d0920ed95_1.pdf

 

[chapjim]

It's in the "Voluntary Petition" document, an 82-page PDF, most of which is the list of interval owners.

Here's the explicit link for the OIRC document that contains the table in question: https://casedocs.omniagentsolutions.com/cmsvol2/pub_47562/9b1cd4a4-9f3e-4ff0-9270-9b5d0920ed95_1.pdf

Thanks! Gottit! I must have clicked on Voluntary Petition a dozen times but missed the document.

 

[shawneefairwayfull]

Keep us posted. Now that I have an actual whole interval owner posting here on TUG I want to track this more closely. I am meeting biweekly with Wyndham and my next meeting is set for next Friday so I will bring this topic up explicitly, so thanks very much for joining and for posting. I will try to get a better sense of what you can expect next Friday.


Sent from my iPhone using Tapatalk

Did you find out anything wrt how full owners in Fairway will be treated and/or what they are trying to do with us?

Thanks

 

[HitchHiker71]

Did you find out anything wrt how full owners in Fairway will be treated and/or what they are trying to do with us?

Thanks

I did bring up this topic, but didn't receive much guidance. It seemed as though Wyndham, the HOA and the representative law firm may still be in the process of determining how best to handle the whole interval owners and to ensure they get a fair shake in all of the goings on, which would explain why you haven't heard anything just yet. I can recall one Wyndham corporate rep stating that no whole interval owner is going to be left holding the bag so to speak, meaning whole interval owners are not going to be forced to go down the same path as Wyndham, though at the same time, the HOA is going to have to figure out how to handle the whole interval owners. I'd imagine they will go with whatever recommendations K&L Gates and Hilco recommend.

 

[shawneefairwayfull]

I dd bring up this topic, but didn't receive too much guidance. It seemed as though Wyndham, the HOA and the representative law firm may still be in the process of determining how best to handle the whole interval owners and to ensure they get a fair shake in all of the goings on, which would explain why you haven't heard anything just yet. I can recall one Wyndham corporate rep stating that no whole interval owner is going to be left holding the bag so to speak, meaning whole interval owners are not going to be forced to go down the same path as Wyndham, though at the same time, the HOA is going to have to figure out how to handle the whole interval owners. I'd imagine they will go with whatever recommendations K&L Gates and Hilco recommend.

Thanks for the insight. If/when I hear anything more relating to whole owners and how it might affect everyone else, I will post it here.

 

[Floridaman76]

What is a "whole interval owner"?

That can't be someone who owns every week of a specific unit, can it?

 

[HitchHiker71]

What is a "whole interval owner"?

That can't be someone who owns every week of a specific unit, can it?

Yes, thats correct. Think of it as more like a condo unit as opposed to a timeshare. The HOA is only responsible for the outside of the unit - just like a condo HOA - so whole interval owners pay a small fraction of what a timeshare owner pays in so far as HOA dues is concerned. Most of the costs wrapped into timeshare HOA dues for a weekly fractional interval owner are from having to maintain the interior of the unit over time - not the exterior.


Sent from my iPhone using Tapatalk

 

[HitchHiker71]

Thanks for the insight. If/when I hear anything more relating to whole owners and how it might affect everyone else, I will post it here.

On my end, this topic will remain on my list for bi-weekly updates. So if I don’t remember to bring it up in future posts - please ask me here on this thread.


Sent from my iPhone using Tapatalk

 

[Floridaman76]

Yes, thats correct. Think of it as more like a condo unit as opposed to a timeshare. The HOA is only responsible for the outside of the unit - just like a condo HOA - so whole interval owners pay a small fraction of what a timeshare owner pays in so far as HOA dues is concerned. Most of the costs wrapped into timeshare HOA dues for a weekly fractional interval owner are from having to maintain the interior of the unit over time - not the exterior.


Sent from my iPhone using Tapatalk

Ok, that was going to be my question, certainly they aren't paying 52x the normal "week MF".

 

[nibble4bits]

they won't shut down until end of March at the earliest.

But, aren't most of the Wyndham resort staff being let go by years end? How will folks with those intervals check in and out? Will the HOAs skeleton crew come in just on Saturdays for that purpose and everything else will be handled by voicemail or email request?

 

[HitchHiker71]

But, aren't most of the Wyndham resort staff being let go by years end? How will folks with those intervals check in and out? Will the HOAs skeleton crew come in just on Saturdays for that purpose and everything else will be handled by voicemail or email request?

Yes, a skeleton crew will remain behind during Q1 2026 from what we have gathered. Details TBD/TBA.

 

[Arimaas]

Has there been any guidance and when and how 2026 MFs are going to be returned? Also, should we assume that since the HOA's voted (or at least mine did at FG), that come Jan 1, my MFs will be $80 less this year (minus whatever other contracts increase)? When do we normally find out what the MFs will be for the next year? Isn't usually around now?

 

[dioxide45]

Has there been any guidance and when and how 2026 MFs are going to be returned? Also, should we assume that since the HOA's voted (or at least mine did at FG), that come Jan 1, my MFs will be $80 less this year (minus whatever other contracts increase)? When do we normally find out what the MFs will be for the next year? Isn't usually around now?

I thought they also voted to suspend 2026 assessments? So they shouldn't be billing anything for 2026.

 

[HitchHiker71]

Has there been any guidance and when and how 2026 MFs are going to be returned?

The when, sometime next year, more explicit guidance is TBA. The how, IDK.

Also, should we assume that since the HOA's voted (or at least mine did at FG), that come Jan 1, my MFs will be $80 less this year (minus whatever other contracts increase)?

IDK what this means regarding the $80 reference. In general, for those resorts/HOAs that have voted on resort closure on or before 12/31/2025, then I'd assume that owners that own Club Wyndham contracts at these resorts, won't have to pay MFs after 12/31/2025, therefore your MFs would decrease in line with the removal of any impacted contracts from your account.

When do we normally find out what the MFs will be for the next year? Isn't usually around now?

Around this time of year yes. Obviously, for any impacted resorts that are leaving Club Wyndham at end of year, no one is going to receive 2026 MF estimates for these resorts/contracts.

Check the TUG MF spreadsheet that we maintain for MF rates that we already know about as reported from other TUGGERs here: https://docs.google.com/spreadsheets/d/1mRNaOwfYAl-E5b5GbVSTUwDrqcPelxYxPsNSYmvbX80/edit?usp=sharing

If your specific 2026 resort MF rate hasn't been reported in our sheet yet, where/at do you own?

 

[Arimaas]

The when, sometime next year, more explicit guidance is TBA. The how, IDK.

IDK what this means regarding the $80 reference. In general, for those resorts/HOAs that have voted on resort closure on or before 12/31/2025, then I'd assume that owners that own Club Wyndham contracts at these resorts, won't have to pay MFs after 12/31/2025, therefore your MFs would decrease in line with the removal of any impacted contracts from your account.

Around this time of year yes. Obviously, for any impacted resorts that are leaving Club Wyndham at end of year, no one is going to receive 2026 MF estimates for these resorts/contracts.

Check the TUG MF spreadsheet that we maintain for MF rates that we already know about as reported from other TUGGERs here: https://docs.google.com/spreadsheets/d/1mRNaOwfYAl-E5b5GbVSTUwDrqcPelxYxPsNSYmvbX80/edit?usp=sharing

If your specific 2026 resort MF rate hasn't been reported in our sheet yet, where/at do you own?

CWA, Fairfeild Glade and Kingsgate. My FG 2025 MF is $80 a month, so I assume that I will pay $80 less a month come Jan 1 versus what I pay now (minus whatever CWA and Kingsgate increases to).

I wouldn't assume anything given this process. You out of everyone should know that, LOL.

I should still get my annual statement I would think, just not have any fees listed for FG.

 

[Arimaas]

I thought they also voted to suspend 2026 assessments? So they shouldn't be billing anything for 2026.

Lets hope LOL