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An Outsider's View (by Dave L.):

From what I've seen of the Imperial, and from reading the posts here, it appears there's a couple of serious issues affecting timeshare owners at this location.

1) It's obvious that management has not kept the building in first class condition over the years. They have done a great dis-service to the timeshare owners of this location.

2) With the land lease due to expire in 2012, it appears that the renewal will be considerably higher than in previous years, which is understandable. Prices do go up, especially in a resort area as popular as Waikiki.

3) Unless the building is totally remodeled to bring it up to the same standards as the newly renovated Beachwalk properties, the Imperial will not be worth what owners will be required to pay once the land lease is re-writtten.

4) Another option may be to offer to buy the land from the owner, but this will certainly increase costs to the owners as well.

5) Most of the problems associated with the Imperial seem to be that it sits on leased land that escalates in value. The timeshare owners are not realizing the benefits of this increased value, instead they are having to pay for it over time.