When will owners see restitutions from the Manhattan Club?

Comments (24)

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  Michael C.
  Oct 13, 2017

  One of my tow Manhattan Time Shares is due for renewal on 11/18/17. On 10/02/17 I received a letter from the Manhattan Club stating that a payment must be sent "to avoid any interest or late fees being applied to your account. The additional fees would consist of 16% interest being applied to the Timeshare charges in the amount of $347.86 along with a $50.00 late fee bringing the total amount due to $2,774.51" Since there is no indicated final payment date, can I assume these penalties will be assessed after the renewal date? If I elect not to renew, I realize I cannot use the contract to book any rooms, but why I should pay maintenance fees on a room that I am not using? I have had these 2 contracts for approximately 16 years+. It appears that no consideration is being given to .owners before 2014.

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  William M.
  Oct 13, 2017

  Thanks Jeff!.

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  Nathan Z.
  Oct 12, 2017

  Thanks Jeff! So, if I understand your summation, the operation of the MC is being shopped around to prospective buyers and a claims administrator will manage distribution of the settlement funds. Fair enough. This will most likely be a time-consuming process. Who is, or will be, monitoring the operation of the MC until it is transferred to the new operators? The AG will vet the new purchaser but who is making certain that the egregious management practices do not continue until then?

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  Becky F
  Oct 11, 2017

  Thank you Redweek for keeping us informed. As an owner of a Penthouse-7 days per year, and in good standing between the dates specified in the settlement (2011-2014) I would like to keep my unit and receive none of the settlement except perhaps an adjustment on the fees I did pay. Going forward, I'm reluctant to pay maintenance fees that are currently outrageous and simply unaffordable. would you recommend that they be paid? Is this a question for the AG or is there any hint in the information you've received that would suggest that owners should hold back paying the fees until the new owners are established. It seems ridiculous to pay these fees, especially since you can't use your unit, without any promise of some restitution.