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- Ritz Carlton Club - best family...
Ritz Carlton Club - best family investment (my story)
We bought into the Ritz Carlton Club over 8 years ago and have rented our three weeks each year. With those rental proceeds, we have covered our dues EVERY YEAR.
The nice thing about the Ritz Carlton Club (as an OWNER) is that you are then able to use what's called "Space Available" time at the St. Thomas Resort and at all the other Ritz Carlton Club resorts worldwide (Maui, Lake Tahoe, San Fran, Vail, Bachelor's Gulch, Aspen, Bahamas, Florida, etc) at nightly rates of $150-$200/night (estimate). Amazing prices for unparalleled luxury, value. But only as an owner though.
We have used these overflow nights in the winter, spring, summer, and fall. More than money, the family memories have been priceless. If interested in learning more, contact me.
Mark S.
Mark,
Thank you so much for taking the time to write your experience with the Ritz.
By reading your message about the Ritz, it appears that there is no internal exchange available between the properties, is that right? For example, if I owned in Aspen, I could not trade for Lake Tahoe; I'd have to rent it out and use the proceeds to look for a "space available" (SA). Do you know the availability of this SA? Is it all off-season? Does it come from unsold developer inventory?
One last question, please: If I buy not directly from the developer but on resale, do I lose anything, such as ability to acquire SA rooms?
Joseph F.
Hi I’m thinking of buying the ritz destantion membership w ownership
marks290 wrote:We bought into the Ritz Carlton Club over 8 years ago and have rented our three weeks each year. With those rental proceeds, we have covered our dues EVERY YEAR.The nice thing about the Ritz Carlton Club (as an OWNER) is that you are then able to use what's called "Space Available" time at the St. Thomas Resort and at all the other Ritz Carlton Club resorts worldwide (Maui, Lake Tahoe, San Fran, Vail, Bachelor's Gulch, Aspen, Bahamas, Florida, etc) at nightly rates of $150-$200/night (estimate). Amazing prices for unparalleled luxury, value. But only as an owner though.
We have used these overflow nights in the winter, spring, summer, and fall. More than money, the family memories have been priceless. If interested in learning more, contact me.
Derek O.