crystal413
newbie
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- Aug 14, 2017
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- Resorts Owned
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Olympic Village Inn, Tahoe, CA
Southern CA Beach Club
Please read https://saveovi.org/about/ and the other tabs, to understand the situation.
Worldmark the Club has ZERO Employees. You are still confusing Wyndham and Worldmark. The sign may say Worldmark by Wyndham. But Worldmark has no employees. Any workers on site will be Wyndham employees - hired, trained, paid, subject solely to Wyndham control, etc. WM does not even have any control over where Wyndham develops new properties (either built new or already built but purchased and modified) and placed/dumped into Worldmark Inventory. The WM Vacation Planning Center, WM Owner Care Section, etc are all Wyndham Employees. The Resort Managers, Front Desk Personnel, Maintenance Workers, House Keeping, etc at all Worldmark Resorts are Wyndham Employees. Worldmark has no control over any of the employees.
I had to Post above and then back out so that I could look up the actual language concerning Worldmark. Worldmark the Club is a "California nonprofit mutual benefit corporation" established under and subject to California law.
Many people are confused by and do not understand the legal relationship, etc as between Wyndham and Worldmark. To include many Worldmark Members.
The Club consists of approximately 229,000 Members, the Resorts, and the Worldmark Board of Directors. Wyndham bought the Development Rights from "Trendwest." Actually Cendant bought them but then there was a Corporate breakup and Wyndham came into being as the Developer. Worldmark has no say or control over the Developer. As a separate legal matter the Worldmark Board of Directors retained Wyndham as our Day to Day Manager of the Worldmark Resorts. Wyndham as the Day to Day Manager for Worldmark The Club provides Wyndham Employees to Manage Day to Day. The Worldmark Board of Directors has no say or control of Wyndham as the Developer. They can not even reject Resorts Wyndham places into the Worldmark Inventory (As discussed above Worldmark did not need two under performing Resorts in Blaine, WA.) While it is legally possible for the Worldmark Board of Directors to stop contracting with Wyndham as the Day to Day Manager the reality is that it will never happen. The Majority of the Worldmark Board of Directors are beholden to Wyndham for their original election and subsequent Re-election. Several of them are previous employees of Wyndham and one is a current Vice-president for Wyndham.
So your fight needs to be directed at Wyndham.
All we own is "a winter week". They are not fixed weeks. That means we have to call 2 years in advance to book our "winter week". All the intervals are in the same pool. So WM owners can call and book weeks that would otherwise be available to OVI owners. That makes it much harder for us to get a specific week, when they own 400 intervals. they are not separated into WM weeks and OVI weeks, all in the same pool. None are dedicated WM weeks.
please read https://saveovi.org/about/ and the other tabs, for a clearer understanding of the situation.
This is simply not true. WorldMark owners will not be calling in to OVI to reserve whatever week they want. Wyndham will pre-reserve weeks throughout the year, then those weeks will appear as inventory on the WorldMark Vacation Planning calendar for WorldMark owners to reserve according to the WorldMark reservation guidelines.All we own is "a winter week". They are not fixed weeks. That means we have to call 2 years in advance to book our "winter week". All the intervals are in the same pool. So WM owners can call and book weeks that would otherwise be available to OVI owners. That makes it much harder for us to get a specific week, when they own 400 intervals. they are not separated into WM weeks and OVI weeks, all in the same pool. None are dedicated WM weeks.
I read the information at the link with an open mind. My general impression is that it is authored by some conspiracy theorists with an axe to grind.Please read https://saveovi.org/about/ and the other tabs, to understand the situation.
I am guessing that "CC&R's" means the OVI Governing Documents? I could not find anything in the OVI Governing Documents that prohibits a WRDC person from serving on the Board of Directors.BUT they are still trying to force a WRDC person on to our OVI board, which is against our CC&R's, and a conflict of interest. Even though they are separate companies, they share the same address and are therefore owners at OVI, and can't be on the board.
This argument makes no sense. OVI has xxx amount of weeks. OVI has xxx amount of owners. There can't be more weeks owned than weeks available. What makes a WM owner booking a week any different from the same week being owned by someone else that reserves it.
I am guessing that "CC&R's" means the OVI Governing Documents? I could not find anything in the OVI Governing Documents that prohibits a WRDC person from serving on the Board of Directors.
WorldMark is a non-profit California corporation just like OVI. The WorldMark Governing Documents require that every Board Director be a Club member/owner.
What is written in the Purchase and Sale Agreement between OVI and Wyndham may be what you are referring to:
"Section 5.8 Board Nominations. Buyer shall not nominate, or solicit any other person to nominate, a candidate for the Seller’s Board of Directors for a period of one (1) year following the Closing Date. Commencing one (1) year from the Closing Date the Buyer shall be entitled to nominate one (1) director to the Seller’s board of directors. As the Buyer acquires additional inventory in increments of 15% of the total number of Shares in the Village Inn Property, the Buyer will have the right to nominate an additional director to the Seller’s board of directors. By means of example and not limitation, upon acquisition of an additional 15% of the total number of Shares in the Village Inn, Buyer is entitled to nominate a second director and, upon acquisition of another additional 15% of the total number of Shares in the Village Inn Buyer is entitled to nominate a third director. No candidate nominated by Buyer pursuant to this Section shall be an employee of Buyer, or any affiliate of Buyer, for so long as the Management Agreement is in effect. The Buyer may nominate candidates pursuant to this Section that are members of WorldMark, the Club, so long as such members of WorldMark, the Club are not an employee of affiliate of Buyer."
The Wyndham nominated candidate(s) still have to stand for election. Wyndham controls less than 10% of the voting power. If OVI owners do not want Wyndham candidates serving on the OVI Board of Directors, they have a 9:1 voting power advantage to prevent it.
Wyndham owns almost 10% of the non-profit OVI corporation. They have invested $1,250,000 to improve that corporation. If I were in that situation, I would expect to appoint someone to the corporate Board of Directors.
To me, the fact that Wyndham can only nominate candidates for Board positions and not appoint BOD members leads me to the conclusion that the current OVI Board negotiated the Purchase Agreement with the interests of current OVI owners in mind. Section 5.8 seems like a negotiated compromise that favors current owners.
So, long story short, employees of Wyndham or its affiliates may not serve on the OVI Board, but members of WorldMark, who are not employees of Wyndham or its affiliates, may serve on the OVI Board.
Please cite where you find that "anyone running for the board MUST BE on OVI owner". This seems reasonable, but I just spent (wasted?) a half-hour looking for it and can't find it (not to say it does not exist, there is a lot to the governing documents).Sorry... members of WorldMark, who are not employees of Wyndham or its affiliates, may NOT serve on the OVI Board. OVI governing docs state that anyone running for the board MUST BE on OVI owner, which they are NOT.
Then they should get out of the Worldmark area and go to the Wyndham area or go to all Others. It is with Wyndham they have their fight. Worldmark did not spend 1 penny on buying into OVI and had not spent 1 penny in updating any OVI Units.
I have a naive question, why does this thread not get moved to the Wyndham thread?
The players here strike me as Walmart and K-Mart (neither Wyndham or WorldMark an asset to Olympic Village Inn), so why not transfer this thread over to the Wyndham thread, since this appears to this naive reader, to be a Wyndham issue...........or is it really a "Western States Timesharing" issue?
It's past time for the WM owners to stop hijacking this thread.
The post started as a clear WM issue.
PLEASE listen to Robert Bone's interview above. Then feel free to comment!
They know more than outsiders about how their resort/club works so butt out.