Quote:
Originally Posted by dougp26364
Keep in mind that Sunterra was, IMO, a distressed company that had allowed maintenance at some of their resorts to fall. I remember reading about pools being closed or units badly in need of refurbishment. There was, IMHO, a lot of work to be done with the Sunterra resorts just to update and repair things that needed to be done.
Bluegreen, on the other hand, appears to be a well run company that has maintained their resorts. I feel like they've been more fiscally responsible than Sunterra. Sunterra seemed to do everything as inexpensively as possible. I don't get that impression with Bluegreen. I'm not sure I'd be as worried about fee's being jacked if this goes through as I don't see as much that will need to be improved upon in short order like I did with Sunterra.
DRI seems to have done quite a bit with some of the old Sunterra resorts as far as maintenance and refurbishment is concerned. The Deluxe unit we had at Fall Creek in Branson was one of the nicer units we've had at any resort. Of course those upgrades come at a price and it's the owners that pay for it. Sunterra allowed resorts to fall behind, DRI has attempted to bring them up to standards and owners, who bragged about the low MF's of Sunterra and the good trading power felt the brunt of the expence. If Bluegreen has been better run and better maintained than Sunterra, Bluegreen owners shouldn't see huge increases in fee's IMO.
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I guess this would be true if the increases to Sunterra owners were used to bring those resorts up to par.
Although BG may do a fairly good job at maintaining their resorts, I would have to say that a couple of the units I've stayed in needed some facelifts. This however does not mean that I would expect to be vaulted to the level of Mariott ownership. I really wouldn't want that. I like "clean, dry, and servicable" but I don't require 5 star quality. This is what is attractive to me about Bluegreen. We spend most of our time outside of the unit so as long as it is roomy and comfortable we are happy. I'm content with maintaining rather than being forced to upgrade.
