Post reply
Original Message:
Re: Important Update Affecting Resale Purchasers (by Brett W.):
Your not paying for everyone else's condo, the Falls Association is acting on its own and the charges are based upon the 112 condos contained in our association. The best situation for the Falls Association is to do the refurb when all the other Associations (Lakes, Spas, etc) to get a volume discount and hopefully save $. The key thing is the decision is really NOT the owners and not even the Board's. Starwood owns the property and as a large corporation they are going to force down their decisions to manage and improve the property. The Board really has nothing to do with it when all is said and done. The Board is really there just to get approval of the decision to refurb. The other bad part about our ownership is that it is located in Florida, which has always been known as a Corporate friendly state and not a consumer friendly state, hence we as consumers are not going to be treated with the utmost fairness in decisions like this in the State of Florida. That being said we received notice of the potential for a refurb in 4th QTR 2007, not to mention when we were at Vistana in the summer of 2007 we were told then too. We then received a nice brochure and email about what the condos were going to look like in 2nd QTR 2008. Then we received notice of what we were going to have to pay for the refurb, 3rd QTR 2008. How much notice is needed? It would have been better if they had given us the bill in 2007 and told us it was due in 2009, but there is only so much that can be done on notification. Plus not to say I would have preferred they not send out brochures on the refurb and just done it through the net. Less cost. Starwood is not going to consult with anyone but themselves they need to maximize return for Shareholders and refurbing Vistana is the way they are going to do it. Also, having the owners join the SVN network also helps in this endeavor of maximizing shareholder return.