Roatan and Bay Islands Discussion List Archive


    Posted On: 30-Jul-2005
    From: "Scott Howard" [sehoward.....com]
    Subject: RE: [roatan] Wyndham project


    Please do a little research on the subject of Condo/Hotels before you blast
    the people building them. First thing is that there are very few
    Hospitality Brands that own their properties, most prefer to sign management
    agreements in a franchise style operation. Look into Hilton, 4 Seasons,
    etc.... Secondly in a traditional condo/hotel you buy a condo with the
    contingency that you must place it into the rental pool for X amount of
    years. This is a contingency just like when you buy a home you may be
    contingent to sign and adhere to a HOA covenance. It is always wise to make
    sure you have your title, or escritura publica, clean and free of embargos.
    So yes if you are thinking about any purchase or investment you should do
    your research. Certainly a Condo/Hotel is very different from a timeshare
    in that you do actually hold title to your property, which is valuable. But
    besides that, what's wrong with timeshares, you may not like the idea and
    I'll admit I'm not too fond of them personally, but thousands of people love
    their timeshare memberships.
    -----Original Message-----
    From: roatan.....com [mailto:roatan.....com]On Behalf Of
    johhnyfl.....com
    Sent: Friday, July 29, 2005 11:59 AM
    To: roatan.....com
    Subject: Re: [roatan] Wyndham project
    This Wyndham project is a local timeshare type development. Wyndham may
    have
    leased the name but be assured, wyndham is not in the business of building
    Condo communities in third world countries. BUT, Are they Condos? not when
    as
    an "OWNER" you can only stay there 6 weeks a year and have to pay a meal
    plan.
    This is just another timeshare attempt.
    Do your research, and, if you "BUY" something make sure you have the
    escritura publica to "YOUR" property that "YOU" bought, so when they tell
    you you
    cannot stay an extra week "YOU" can tell them that "YOU" own it.






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