Manhattan Club Lawsuit

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Original Message:

Re: Manhattan Club Lawsuit (by Artemis):

Hello, I am a 20 year owner with several contracts. My Penthouse fees are above $500 per night.

Resale: No one wants to buy our contracts. They have zero resale value.

The Manhattan Club was buying back units and Blue Green Timeshare was buying them from The Manhattan Club. However, this relationship has ended. Now (July 1,2020) there is no returning your unit .

Your choices: A) pay your fees B) don’t pay your fees C) join the lawsuit ($1500)

There is no solution on the horizon. There is no action by the NY Attorney General. As more owners default on their Fees,, the increasing higher Fees will escalate with more defaults from the remaining pool of paying Owners.

The Manhattan Club may file for bankruptcy. The NYC tourist forecast post-virus is bleak. The Club cannot rent rooms now. Our business investment is basic junk.

Many Owners love NYC and do not wish to throw in the towel and lose their investment. I believe this will change as the price-per-night for mis-town Manhattan hotel rooms provide better and cheaper value.

Owners are reluctant to walk away. Timeshare Freedom company wants $5,000 to get your name off the contract. Their process timeline is one year. I am skeptical this will happen as no one wants them, and the Owners do not wish to absorb the loss of fees.

The Virus + the future of NYC + higher fees = bleak and unknown future.

melodyp46 wrote:
I saw TMCNY rooms on Groupon for 163.00 yesterday, 6/30/2020! This is robbery for us owners. If I dividend service fees by 7 I'm paying 571.00 per night. Thats just tbeservice fee!!!

traceyk97 wrote:
Chris, I agree with you. We need to come together as a group. I have continued to pay my maintenance fees. I do now pay them on the last possible day. I do use my time but I am within driving distance of TMC. Initially it was very difficult to get a booking. It does completely aggravate me when I see non owners can get a room for $150-$250 when I’ve already paid for the “ownership” of time and the $300+ per night as the maintenance fee. I am willing to be part of this lawsuit. I am not willing to take $100 for my investment.