Email on April 10th
Virgin Grand Villas
St. John Condominium Owners Association
April 10, 2014
Dear Virgin Grand Villas Owner,
Greetings from your Board of Directors! We are pleased to announce an Owner resale program which will allow Owners like you the ability to purchase Association owned timeshare weeks. As you know, over the past few years a number of Owners have failed to pay their maintenance fees. As a result, these owners were denied the use of the resort and their timeshare weeks were eventually transferred to the Association. The Association now owns approximately 66 timeshare weeks.
As an owner, you are being offered the opportunity to purchase an Association owned timeshare week at a substantially reduced cost. This offer is subject to the following terms:
• Timeshare weeks are offered on a first come, first served basis. Please visit mystarcentral.com, “Your Owners Association” on the left side of the screen. Then click on “ownership opportunities” on the right side of your screen. This will take you to a listing of available timeshare weeks, associated price and instructions. If you own weeks at other resorts, please select the link for your Virgin Grand Villas timeshare week and you will be directed to the resale offer for this resort. Owners who are interested in purchasing a timeshare week must submit a request to purchase as detailed on the website. Once the submit button is clicked, an offer will be forwarded to us for submission. If you wish to only make an inquiry, please use the email address stated below.
• Qualified Requests to purchase available timeshare weeks will be processed in the order received. A purchase contract and related disclosure documents will be mailed to owners with further instructions. An initial deposit of 50% of the purchase price will be required at time of returning the executed purchase contract.
• Requests will only be deemed as Qualified Requests if the person submitting the request is an owner in good standing with no outstanding balances due to the Association.
• Timeshare weeks offered by the Association will be automatically enrolled in the Starwood Vacation Network (“SVN”). You will be given StarOptions that you will be able to use at any of the resorts under the SVN network.
• Timeshare Weeks offered by the Association do not count toward SVN Elite status and may not participate in the SPG Conversion Program (exchanging the timeshare week for SPG Starpoints). The Elite and SPG Conversion programs are funded by the Developer and are not available for this Association resale program.
• This offer is limited to timeshare weeks owned by this Association.
• The Association is not offering to take back any timeshare weeks. This is an offer to resell timeshare weeks already owned by the Association.
Please note that this is not a public offering but a limited term internal offer to owners. This offer begins April 15, 2014 and ends May 14, 2014.
The Association website will only be active beginning on April 15, 2014, at 12:00 PM Eastern Time, until May 14, 2014 4:00 PM Eastern Time.
Should you have any questions regarding this information, for the fastest response time, please email us at
00SVO-resaleoffer@starwoodvo.com.
Sincerely,
St. John Condominium Owners Association
Board of Directors
