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Construction Surcharge to owners

Forum: Marriott's Maui Ocean Club

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Construction Surcharge to owners

WE were thinking of purhasing a resale unit. Our question is are the owners getting an additional surcharge--expense fee in addition to the annual maintenance fee for the new pool area. We own in Aruba and are getting a surcharge this year of an additional $1600+ for the rehab of the units?
Any thought would be appreciated.
Mark R

markr99

3 months ago
Aug 05, 2009 11:35 AM

No, we have not been given any surcharges. Maintenance, upkeep, and future reserves are all a part of the maintenance fee.

bweberman

3 months ago
Aug 11, 2009 07:41 PM

WE also read something on the owners site page at Marriott that the Maui Ocan club will be charged additional $$ for the rehab of the rooms starting next year depending on the size and usage that you own. Do you know anything about this?

markr99

3 months ago
Aug 12, 2009 06:29 AM

I've owned for 11 years and the rooms have been re-done twice -- this is part of the maintenance budget and reserves, not a charge to owners. The same with the new pool.

vivianh26

3 months ago
Aug 14, 2009 12:49 PM

Thank you for your input--appreciated!

markr99

3 months ago
Aug 14, 2009 05:51 PM

Construction Surcharge to owners

I have 2 units for resale. check my listing on redweek.

bweberman

3 months ago
Aug 14, 2009 06:17 PM

The current figures show no extra charges, there are amounts already accrued for ongoing work. The Annual Meeting is in October and there is no agenda item for any extra assessments of any kind.

As far as purchases, it would seem to be a great time to do it, there's units here on Red Week at prices that make me almost sick !

I don't know how avidly Marriott is applying their Right of First Refusal to such sales, anyone know ?

paul1616

3 months ago
Aug 14, 2009 07:47 PM

I think my response was wiped out.. I'll try again. I think Marriott has its hands full with the economy mess as do the rest of us. I agree with these ridiculously low prices. If you can grab one of these deals now, you'll have a luxury vacation for life in one of the best spots on the planet. I am dreading selling one of my every-other-weeks (at 1/2 what I paid) but I am determined to hang on to the other. I may even pull this one off the market next week -- prices are too low!

vivianh26

3 months ago
Aug 15, 2009 07:22 PM

Agreed Vivian

I just reserved an early June 2010 for my 1br/Maui wing EOY. We may use it, exchange it or even try renting it out here on RedWeek but I'm not giving it away by selling. Thing is, we're using our other EOY in October and watching the $$ a bit so another trip six months later may be a stretch !

I read on TUG that Marriott is seemingly not exercising ROFR at present.

paul1616

3 months ago
Aug 15, 2009 08:35 PM

They are probably too busy with their two new wings.

vivianh26

3 months ago
Aug 16, 2009 09:34 AM

Construction Surcharge to owners

what listing is yours?

candicek12

2 months ago
Sep 18, 2009 08:38 PM

Construction Surcharge to owners

Hi Candice,
I'm not sure who you are asking about. I have an EOY 1br/2ba villa ocean view listed for $10,500. I had an offer that was close to this, but really don't want to sell so am sticking with this price. It is a dream place and location and I've enjoyed it for 10 years.

vivianh26

2 months ago
Sep 18, 2009 10:27 PM

I am selling my EOY 2bdrm/3bath OCEAN FRONT, PLATINUM at a very low price and it does not appear as Marriot is exercising their FROR. Now is definetly the time to buy resale.

tracys110

1 month ago
Oct 06, 2009 03:10 PM

Construction Surcharge to owners

Hi Candicek12
I don't know who you were asking, but I have 2 units, both annual ocean view 1 bdrm, 2 bath for sale, listed at 16,500 each.

bweberman

1 month ago
Oct 06, 2009 07:31 PM

We are in closing for an EOY Ocarn front 1 Bedroom for $8000---seemed like a pretty good price and Marriott signed off on it! There were 2 other EOY 1 bedroom Oceanfront that sold for $7800 on REDWEEK as well.

markr99

1 month ago
Oct 08, 2009 03:30 PM

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