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Re: Current Status of Kamaole Beach Club

What have you been selling the units for, how many do you ahve currently and at what price? [Q=alanm206] Obviously the person who posted the previous post does not know what he is talking about. The only moneys paid out of the reserve fund this past year was for the new tile flooring. No other money left the reserve fund and it sure was not put into the general fund for everyday expenses or to cover loses. Yes, some owners have deeded back their intervals. We are offering this to owners in lou of foreclosure and a few owners have taken us up on this. In the past year we have sold over 25 foreclosed intervals and currently have a waiting list of people who want more intervals. Yes, we are selling them at a discount but this is only in order to sell them and get in paying owners. We actually have more paying owners now than in the past years. The person also failed to mention that the property is in the best shape it has ever been. New furniture, new tile floors, resurfaced pool and many improvements to come with only a small increase in maintenance fees. Also if you compare our fees with other timeshares on Maui, we are still on the low end.[/Q]