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#104572 - 06/14/05 12:14 PM Cp. Morgan's selling villas  
Joined: Feb 2003
Posts: 33
shelley Offline
 
shelley  Offline
Does anyone know how a timeshare contract works if CM sells the villa you normally occupy?
In 2003, we purchased in full a 99 year, ever other year occupancy, contract for a timeshare villa. Now I saw where they are selling them. This concerns me. Maybe I'm just worried about nothing, but why would they not offer the timeshare holders the real estate 1st?

#104573 - 06/14/05 12:29 PM Re: Cp. Morgan's selling villas  
Joined: Nov 2002
Posts: 3,484
Sir Isaac Newton Offline
.
Sir Isaac Newton  Offline
Captain Morgan's is comprised of three seperate entities. The resort, the villas and the timeshares. Not going into detail, the villas listed for sale are not the timeshare units but rather the whole ownership condos, north of the timeshare pool (units A thru E).

The condos have been sold out by the developer and privately held, some are on the resale market. Thus, the focus on higher yielding timeshare sales.

Will the units be there for another 99 years is entirely different question.

SIN


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