Archive for the ‘Reunion Resort’ Category
Ongoing Changes At Reunion Resort Not Good For Owners
August 26th, 2009
The news from the new management at Reunion Resort seems to show that they still don’t have the interests of their owners at heart. Owners who were let down terribly by the rental program run by Reunion, many of whom have lost or are in the process of losing their homes, are finding out that the management is not going to help them with their own efforts to gain some rental revenue. Indeed, in their own self interest, Reunion Resort are going to work against them.
Owners who began renting out their homes themselves are finding that they are going to be hobbled by the fact that guest passes (Which allow access to the water park and the three championship golf courses) will only be available to their guests for a maximum of six weeks a year. A similar restriction was put in place by the previous management but was not enforced as even they realized they had let down the owners so badly that they had lost any moral right to do so.
Homes that stay in the Reunion Resort Rental Program will have no such restrictions. Guest passes will be available all year for them.
This confirms that the new management are going to be putting their own self interest ahead of the interests of those owners who need to be making a good revenue to keep their homes. I am sure this action could be challenged legally but should it really need to be. Personally, I find it amazing that in these dire economic times Reunion Resort are attempting to stop owners gaining enough revenue to keep their homes in the resort. These restrictive practices will force more owners into foreclosure, therefore reducing even further the income stream to the HOA.
How can this be beneficial in any way?
The above is the calendar from one of the homes I promote in Reunion. Between the owner and I, we have successfully managed to keep the home occupied with paying guests who have all spent money on the resort. If Reunion insists on restricting the ability of this owner to book out her home then she will lose it and Reunion Resort will lose out on all the revenue generated by those paying guests.
Of course, the reason Reunion are enforcing these restrictions is to protect their own rental business that, they believe, will not be able to survive the competition from it’s owners, many of whom are now running efficient small businesses and paying tax revenue to the county and state. Revenue that is much needed.
If I am incorrect in my assumptions perhaps someone from Reunion could correct me but if I am right I urge Reunion to rethink these policies for the benefit of the resort, the owners, potential guests and……me!
All guests, both of the Resort and of the owners should have equal access to all the facilities on the resort. Come on management, I am sure even you don’t want to put more of your owners into (even more) dire financial straits.
A Message To Reunion Resort Owners
July 24th, 2009
Hey people! There are big changes going on here and I just want to put your minds at rest about something.
If you are not in the Reunion Resort Program or if you are thinking of leaving it, you will definitely be able to start getting some revenue in on your property. We successfully book out and manage homes in Reunion and we can do the same for you.
Contact me or my beautiful wife and we will talk you through the process. We won’t give you false promises and make up figures and you can contact our current owners for referals.
I love Reunion and guests love Reunion, together we can get you feeling the love too! 
Article On Bobby Ginn In The New York Times
May 25th, 2009
Points of interest from the article:
- Mr. Ginn says he now faces about 30 lawsuits.
- The Florida suit also alleges that Mr. Ginn worked to artificially
inflate the prices of parcels in his development. In one case,
according to the lawsuit, a buyer bought two properties for a total of
$1.007 million, and Mr. Ginn’s title company recorded the
respective sale prices as $1.007 million and $1. The company then used
the larger price as a “comparable” figure in an appraisal
for Roy Bridges, a British financial adviser who bought a property for
$1.195 million, according to appraisal records. Mr. Bridges’s
property is now in foreclosure.Mr. Ginn contends that “the county recorded it incorrectly.”
- According to a transcript of a video obtained by a law firm
representing property owners in the suit, a Ginn salesman told a group
of potential buyers at Bella Collina that “Lot 5 sold for $2.1
million this morning.” But property records showed that the
parcel sold for just $416,900, according to the lawsuit.Mr. Ginn said he was “shocked because the salesman deviated from company practices.”
- A partnership formed by Mr. Adler and Mr. Ginn, A & G, also bought
and sold five properties at Bella Collina for a $2.5 million profit
over a period of weeks. - But even at some of the most successful (golf resorts), like Reunion near Orlando, the Ginn Companies is considering programs to attract more buyers by offering fractional ownership at lower prices.
Quite aside from all the other alleged shenanigans this is the first I have heard about fractional ownership (timeshare) in Reunion Resort. Things just get more interesting everyday.
