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[2008] Grand Regina Villa Cabo San Lucas [Not Starwood]

N

nanaboat

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Villas are still not completed, but there is a meeting in Sept. and owners should receive info. soon. Connie McDonogh
 
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These are starwood timeshares and I'm sad because they have had my money since 2004!!!!!
 
The Grand Regina Villas are being renamed the Westin Los Cabos Ocean Villas (WLCOR?). Details are in this thread.

Hopefully the announcement is about the end of the construction delays!
 
Thanks Brad - I moved it back to the Starwood Board.
 
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Just checking.....this is the Grand Regina resort and not the Club Regina?

Club Regina had been converted from Westin to Raintree. Did SVO take it over too?
 
Yes, the Grand Regina is different from Club Regina.

If you picture the hotel property as you enter from the highway, the hotel is in the center, Club Regina on the left, and the Grand Regina is on the right.

As I recall, Club Regina has been owned and operated by Raintree all along. The Grand Regina was being built by Raintree, but Starwood purchased the rights to the remainder of the unbuilt project.

To my knowledge, Starwood has never had a connection with Club Regina, other than sharing some of their properties with Westin-branded hotels.
 
This property still has not started construction and after a conversation I had with starwood the other day, they don't plan on starting construction until late 2009! They keep saying there are third party issues.
 
All I can say is that my business partner purchased this three years ago and is inconsolable. He purchased a single holiday week (Spring Break) and has gotten nothing but promises, while they have all of his money. The completion date has been moved back time and again and while he assumes it may someday work out, he's beyond fed up.

Then again, he didn't purchase from Starwood, but they did send a PR letter to him twice when they purchased it and led him to believe that since they are the new owners, everything was back on track. You also have to understand that while the previous poster said that there is no construction taking place, we're talking about project where the steel girders are all up and construction has already begun. It's not like they are building from scratch, so the "third party issues" seem suspect to me.
 
Have either of you asked for your money back?
 
Yeah... don't you have any legal recourse if the developer doesn't complete the project and permit you to use the resort? Or is this "all different" in Mexico, or a standard waiver in all pre-construction purchases? Perhaps we're seeing the real implications of buying pre-construction and one of the reasons prices are lower.
 
Worse than that. When he purchased, there was a note (no interest, I think, as the resort wasn't even built yet) with a balloon. When the balloon came due, it was now owned by Starwood and he told them he would not pay it but would continue paying it out as he was already doing.

No dice, they said. It tooks tons of escalation to finally get them to concede. I think the problem is he bought from one corp and he's now dealing with another - altho he probably wouldn't get his money back anyway. Really hard to believe.
 
I don't believe them for 1 second but...I just got back from an owner's update at SVR last Thursday. They would not stop talking about Los Cabos and how it is opening soon (they said Sept of next year). They were pitching it to all new potential owners. So it sounds like it might be back on track...but of course I know better then to believe them!
 
jkrischt said:
I don't believe them for 1 second but...I just got back from an owner's update at SVR last Thursday. They would not stop talking about Los Cabos and how it is opening soon (they said Sept of next year). They were pitching it to all new potential owners. So it sounds like it might be back on track...but of course I know better then to believe them!
Click to expand...

Any pricing? Any size information? Any layouts, other than what's on the website you posted? All I know about Cabo is that it was a stop on the Love Boat! (wait, that makes me old enough to have watched the Love Boat...nevermind):ignore:
 
clsmit said:
Any pricing? Any size information? Any layouts, other than what's on the website you posted? All I know about Cabo is that it was a stop on the Love Boat! (wait, that makes me old enough to have watched the Love Boat...nevermind):ignore:
Click to expand...

I know nothing...and neither did the people at SVR except that it was "opening soon". Soon to them may mean 5 years though...
 
Grand Regina Villas

We bought this fractional ownership in 2005. We were at the GRV last Feb. The building pads are there only. Starwood is not going to build because of the credit crisis. We are really upset about this whole thing as we bought 2 weeks at the GRV. The PRC's (Private Residence Club) were built but not the villas.
 
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Did you get official notification from SVO? The information on their website updated last month doesn't indicate that it's been postponed. In addition, my contacts at Starwood haven't yet been told it was put on hold/cancelled.

-tim
 
tlpnet said:
Did you get official notification from SVO? The information on their website updated last month doesn't indicate that it's been postponed. In addition, my contacts at Starwood haven't yet been told it was put on hold/cancelled.-tim
Click to expand...

If you expand the "Construction" tab:

"Starwood Vacation Ownership is committed to pursuing the development of The Westin Los Cabos Ocean Villas and it remains one of our top priorities. We have overcome many of the obstacles facing us before resort construction can begin, but some obstacles remain. We are working with several third-party companies on critical issues and agreements that must be satisfactorily resolved before we can move forward with the development. While we are actively engaged with these companies and working toward resolution, we cannot control the amount of time this process may take or the final outcome. We will provide an updated development report as soon as we have a better understanding of the resolution of these issues."
 
In looking over this thread, I see that I did leave some information out in a previous post.

Yes, my business partner paid in full and this project is going nowhere. But they do let him have a 2 BR at Club Regina until Grand Regina is complete. For the first few years, they would let him rent as many as he wanted in CR. We passed up our Kierland one year to spend a week at CR and had a great time for the $640 maintenance fee. That's when we toured GR and we too were blown away by it.

In terms of price, he paid about $60,000 for his 2 BR ocean view about 3 years ago (maybe 4). So I have to expect Starwood will make it even more expensive - which certainly explains why they are delaying in this market.
 
Grand Regina Villas - Cabo

Just received notice Villa are not going to be built. All Villa owners who paid, in advance, good luck. Connie McDonogh

I bought 2004 and upgraded from Club Regina to Grand Regina. I can't wait to see what the offer is.
 
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WOW! Who did this notice come from?

Also, I didn't see this project on the recent presentation to Merryl Lynch by Starwood, making me think the same thing -- they are going to pull the plug on the resort (like Aruba).

I am wondering for those who bought there, did you buy through Starwood?? Or some other company who said Starwood would take over? I guess I am just not understanding how they could take all your money and then not give you a refund if the project doesn't go. What sort of promise was made on PAPER? I know we can completely ignore sales people so I am just curious what do these contracts actually say on paper???

Katherine
 
Has nothing to do with starwood. Club regina/raintree. Proposal being put together to buy us out after having our money for four years!!!!
 
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