FlyerTalk Forums - View Single Post - Hey, RVers and "vacation ownership" people: How's that working out for ya lately?
Old Jun 19, 2011 | 7:17 pm
  #56  
Ancien Maestro
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Join Date: Jan 2010
Location: Calgary, Alberta
Programs: Hyatt Diamond, Fairmont Platinum, Aeroplan Diamond, HHonors Gold, SPG Gold
Posts: 18,686
Originally Posted by KyRoamer
When my timeshare was built, little guys could not easily borrow to build in Mexico. The Royal Resorts was not some big company. My purchase was part of their financing. They kept the management/food contracts (prices for food, etc. are very competitive). And after 30 years (up in 2014) they share in the sale of the unit. Not a bad deal. Had they built a hotel, they would have to rent the rooms year after year or go bust. Here, use it or not, I pay maintenance. So they have no costs, no risk, management fees, food income and upside. And I got what I thought I was buying and remain pleased.
What would have happened to your deposit if the project went belly up?

I guess for that matter, any TS could experience financial difficulties..
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