[ 2012 ] Mayan Palace - Has anybody dealt with the 25 year renewal yet?

Tropical lady · Jun 21, 2012

annual % increase in MF's

All our contracts, 2007 to 2012, have a 5% annual increase limit.

MuranoJo · Jun 22, 2012

Just checked a copy of our Febr. 1999 (resale) original contract and it states:
"The initial maintenance fee is increased or decreased annually to reflect the U.S. inflation rate...and at company's discretion may be increased or decreased annually up to an additional 3% to reflect Mexican inflation greater or less than the U.S. rate."

Per my records, this has averaged out to 3% increase per year since we purchased in '02.

pittle · Jun 22, 2012

muranojo said:
Just checked a copy of our Febr. 1999 (resale) original contract and it states:
"The initial maintenance fee is increased or decreased annually to reflect the U.S. inflation rate...and at company's discretion may be increased or decreased annually up to an additional 3% to reflect Mexican inflation greater or less than the U.S. rate."

Per my records, this has averaged out to 3% increase per year since we purchased in '02.

Our 1999 contract says 3% and our 2006 GM contract says 5%.

We have 3 weeks with the 3% and 3 weeks with the 5%. There may have been one year where there was no increase and then the year that no one had to pay unless they were making a reservation.

MuranoJo · Jun 23, 2012

That's why it's so hard to give up these older contracts for an upgrade...great low m/f, low cap on m/f increases, extra VF week, and very low transfer fee (one m/f).

Plus I have holiday weeks which are pretty rare to find on sale these days.

celperf · Apr 22, 2014

any update of this now on 22/04/2014 ? anyone has pay they 25 year renewal fee?

MuranoJo · Apr 22, 2014

Hi, Marco,

Mine isn't due until 2024 or so. At that time, I probably won't renew unless I find someone who wants to pay the 1 m/f transfer fee and take over the holiday week. (Oldest contract I've heard of is 1997, but I'm sure there are some older. May not be many or any renewing in 2014.)

saywhat · Apr 23, 2014

mikenk said:
muranojo said:

Hello Jo,

They really like to throw new names around, don't they? Here is what I think - but could be corrected.

Grupo Mayan used to be their corporate operating name. When they expanded, they changed the Corporate Operating name to Grupo Vidanta which it still is. However, the Grupo Mayan name hangs around and is used by most interchangeably.

I believe they recently invented a new name, Vida Vacations Club, that is a marketing name and web access to all the Resort properties. At one time, I was told that Grupo Mayan is a sub operating organization under Grupo Vidanta that oversees the lower level properties (Grand Mayan and below).

In reality, I don't think anything has changed. You still have the subcontracted sales people that do the high pressure sales for initial sales, and the member Services people who work for the company and administers the contracts. I also believe that the folks who do the Upgrade presentations do work for the company - but different people from the Member Services folks.

This is all logical conjecture on my part.

Mike

Click to expand...

Its all the same they change the names to keep ahead of the negatives on the internet.

drguy · Apr 23, 2014

Their advertising claims that this is their 40th year. There must have been some that have faced the 25 year renewal within that time frame. Perhaps they upgraded for less than the renewal.

rpennisi · Apr 24, 2014

The question I have is...Did they have 25 year renewals and contracts as such when they started 40 years ago, or was the business model different at the beginning?

[ 2012 ] Mayan Palace - Has anybody dealt with the 25 year renewal yet?

Tropical lady

MuranoJo

pittle

TUG Review Crew

MuranoJo

celperf

MuranoJo

saywhat

drguy

Tug Review Crew: Rookie

rpennisi