hnybee09
TUG Member
- Joined
- Feb 16, 2017
- Messages
- 49
- Reaction score
- 44
- Location
- Jamestown, North Carolina
- Resorts Owned
- Club Wyndham Villas at Fairfield
Club Wyndham Bentley Brook
Club Wyndham Access
I think it had the same canned list of items they were voting on. Something along these lines.What was the vote at Star Island meeting on Sept 25 about?
They said they had a 92% yes vote at the meeting.
Whoa! That is weird. Is that where a lot of these resorts are going?Don’t know if this has been mentioned, but I just noticed on the WorldMark site that KingGate and Patriots Place have both been added to the WorldMark as a direct worldMark book not through Club Pass. I wonder if th Wyndham is closing Patriots place and moving it into WorldMark?
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Thanks for posting this. Do you know how the property HOAs are segregated? Does each of the 10 HOAs control a different building or set of buildings at the property? Why in the world would they create a property with so many HOAs? How many buildings are there at Star Island? Are they all timeshare.I own a non Wyndham HOA unit at Star Island (a fixed week at Vacation Break at Start Island 1, which was one of the first week owner bldgs developed at Star Island). Those units are not part of the Wyndham bankruptcy per following letter I received from Star Island. Not sure of the actual % of units at Star Island that are under the Wyndham HOA or underlying real estate Wyndham controls, as to whether that will possibly impact my maintenance fees in some manner. I do know that there are common areas of the resort (recreational facilities like pools, club house, tennis courts, etc) of which each week owner is a member of (Club of Star Island membership) and for which each week owner pays an operating fee for thru their maintenance fees.
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5000 Avenue of the Stars, Kissimmee, FL 34746
9/29/2025
Dear xxxxxx
Re: Contract: xxxxxx
Star Island Resort is not only a multigenerational family-owned business, but it is also a place where generations of families, like yours, make memories together. We take great pride in Star Island, and our priority is to continue bringing you and your loved ones cherished vacation experiences for many years to come. Contrary to anything you may have recently heard or read, Star Island Resort is neither closing nor filing bankruptcy. Permit me to dispel any misinformation to the contrary.
As you may know, there are ten different Condominium Associations at Star Island Resort. One of these ten Associations is a Wyndham Association. This Wyndham association, and this Wyndham association alone, has decided to seek chapter 11 bankruptcy . If you are an owner in Star Island 1 through 5 or an owner in Vacation Break 1 through 4, your timeshare is not a part of this bankruptcy because only the Wyndham Association is declaring bankruptcy.
Rest assured, therefore, that the Developer, Management Company, and Club of Star Island together with the boards of all nine of our non-Wyndham Associations are more committed than ever to making Star Island your #1 choice among family-friendly resorts in Orlando.
Sincerely,
Matthew Meyers
Executive Vice President
Star Island Management Corp
The votes that are currently happening just seem to be around closing the resort to resort operations. Certainly since they also include stopping all further assessments it is to also protect assets given that no new money is coming in and I suspect it is to also protect against claims from individual owners. The big undanwered question that I see is how they plan to seek to actually sell the underlying real estate.We might find out at some point before 12/31/2025 the way things are going. It's October tomorrow, so we have been at this 3 months now and really don't know much more than we did when this broke.
I mean as of last week we found out another resort (parts of it) were in scope that we didn't know about (2 sections of Pagosa).
That is another wrinkle that needs to be addressed and one that I tried to ask about earlier regarding Star Island that got mostly poopoo'ed. These properties with multiple HOAs will almost always have a master HOA declaration. The actions of one HOA out will certainly impact the other HOAs. That master declaration may also have certain requirements as to what each HOA can and can't do. I suspect this is another reason they're attempting the Chapter 11 process. To limit claims by the other HOAs that are part of the larger development.Consequently also, the master HOA covenants which all HOA's at Star Island are governed, may forbid certain types of re-use.
Not exactly sure of the segregation for the other HOAs but I do know that from my maintenance fee letter from Vacation Break Resorts at Star Island 1 Condominium Association, it shows it has 572 week intervals so (572/52) = 11 units and that is the number of units in the low rise 3 story bldg number 12 my unit is in (4 units ground floor, 4 units 2nd floor, 3 units 3rd floor). Also the documents of incorporation when I got my week showed it as that one bldg only as well for that Condominium Association (back in 1994) . There are 9 low rise buildings (3 story) and 8 6-story buidlings. I'm guessing most of the HOAs are for the low rise buildings.Thanks for posting this. Do you know how the property HOAs are segregated? Does each of the 10 HOAs control a different building or set of buildings at the property? Why in the world would they create a property with so many HOAs? How many buildings are there at Star Island?
It would seem that if the Wyndham interval owners are going away, then their portion of the assessments that go to cover the shared amenities would ultimately result in fees going up for the other associations. Fewer owners covering the same costs. I guess it really depends on what happens to the Wyndham association units. Do they go away, does another timeshare developer take them over to sell them again to new timeshare buyers? Is Star Island in any kind of active sales?Not exactly sure of the segregation for the other HOAs but I do know that from my maintenance fee letter from Vacation Break Resorts at Star Island 1 Condominium Association, it shows it has 572 week intervals so (572/52) = 11 units and that is the number of units in the low rise 3 story bldg number 12 my unit is in (4 units ground floor, 4 units 2nd floor, 3 units 3rd floor). Also the documents of incorporation when I got my week showed it as that one bldg only as well for that Condominium Association (back in 1994) . There are 9 low rise buildings (3 story) and 8 6-story buidlings. I'm guessing most of the HOAs are for the low rise buildings.
Found this in less than 2 minutes using Google:Perhaps it would be better for you to find a source where it indicates someone has used Chapter 11 to facilitate the sale of a timeshare property.
I mean as of last week we found out another resort (parts of it) were in scope that we didn't know about (2 sections of Pagosa).
Assuming someone takes them over finally , and still operates them as some form of condo , those new owners would eventually be paying those fees for those shared amenities.It would seem that if the Wyndham interval owners are going away, then their portion of the assessments that go to cover the shared amenities would ultimately result in fees going up for the other associations. Fewer owners covering the same costs. I guess it really depends on what happens to the Wyndham association units. Do they go away, does another timeshare developer take them over to sell them again to new timeshare buyers? Is Star Island in any kind of active sales?
Wyndham doesn't pay the transfer fee when they take the contracts back anyway. So I don't think it matters who is paying the transfer fee. If they took those weeks back I doubt they would try to collect the transfer fee. In any case, timeshare developers don't usually like to play on the resale market except when they hold right of first refusal.I wonder if Wyndham bought any of the Ebay contracts for $1.00 with the seller paying them the Wyndham transfer fee? That would be a better deal for them than just taking back the contract.
Masters Place is one.
What is the second section?
Confirmed that Pagosa is consolidating. I don't yet have the names of the HOAs, but it's not very impactful overall. Maybe 1-2 HOAs. The reason resorts like Pagosa didn't turn up sooner is because there were no employee impacts involved - so resorts like Pagosa, Edisto, etc., - where zero employees were impacted - didn't receive any employee impact notifications like other resorts on our list.
It looks like the lead article is behind a paywall, but further research seems to indicate that the group that bought the development still went through the process of terminating the condominium plan with the required 80% super majority approval of owners. Perhaps after they acquired the units, they had enough control to do so.![]()
Golden Strand resort bought by "Trump group"
http://www.bizjournals.com/southflorida/news/2014/01/27/the-trump-group-affiliate-buys-sunny.html not sure what this means for owners...hopefully good things!tugbbs.com
Read post #11
I haven’t heard anything yet about an actual offer from Wyndham, but I bet @chapjim will be among the first to let us know, since OIRC was the first resort to complete its vote.Also, can any fixed week owner at a resort that is in the shutdown process share what is being offered?
Believe this is referring to the 'other' Trump family. They are from South Africa. Don't think there will be any gilt and marble.......It looks like the lead article is behind a paywall, but further research seems to indicate that the group that bought the development still went through the process of terminating the condominium plan with the required 80% super majority approval of owners. Perhaps after they acquired the units, they had enough control to do so.
I am not sure this fits the current scenario exactly unless through CWA swaps, Wyndham or some other entity then controls a super majority in order to go through with the termination of the timeshare regime. I think one issue with OIRC is that its condo declarations require a 100% super majority vote.
We may also be forgetting about defaulted intervals where the owners are not engaged, owners are dead or there is clouded chain of title. These may require foreclosure or quiet title, but those are probably a relativly easy barrier to overcome.
I suspect you're right, but that wasn't even a point of contention in the discussion.Believe this is referring to the 'other' Trump family. They are from South Africa. Don't think there will be any gilt and marble.......