When did Ko Olina start charging owners over $30 a day to park?? Every step of our ownership has been frustrating. Fees everywhere and can't ever exchange time, despite being assured at purchase that it was such a high demand property we'd never have a problem. Now exorbitant parking fees? We could easily rent luxury beachfront properties anywhere in Hawaii for a week every year for 25 years and still not break even financially from what we've sunk into this ownership. The parking is just a slap in the face for owners.
Wow, really?? Timeshare owners at Disney's Aulani a couple lagoons down do not pay for parking when they are staying. Haven't tried using the points at other properties yet, but supposedly its pretty easy to get reservations at most of the other DVC properties except for the Grand Californian
Hotel parking is a different matter altogether.
When Marriott sold timeshares to me and many others (for BIG BUCKS) some 15 to 20 years ago the owners were told they could stay or exchange to any Marriott timeshare location they had without additional cost or expense....including using the location where we owned. WE also pay real estate TAXES to the municipalities where we own. And now....we can't exchange ANYWHERE, the maintenance fees in most locations (for the old time owners) have gone from $400 a year to $1200-$1500 a year. And now they start charging for parking????
I get EXACTLY what brokeinaz is referring to.
It's become one big time ripoff.
I'm not an owner, but it amazes me that the maintenance fees could reach the $1500 number. Although it's stated as $1500 per year, it really is $1500 for one week, right? If that's the case and the management team "sells" 52 weeks for the year, then each unit is bringing in $78,000 per year. That is a staggering figure. I didn't know about the taxes. That just sounds like salt in the wound. I know you have discussed your frustration with getting a written explanation of the accounting. Have you been successful getting a report? I feel for you guys.
It's not staggering to them. It's nirvana! They just keep raising the number. Another 7% increase this coming year even though the Board sent an e-mail claimig it to be 5% which is bad enough. I guess they figure nobody tracks increases year to year. Largest area of increase is almost always the management fee that goes to Marriott.
No explanation on any accounting questions I have asked. I'm considering going to the timeshare Annual Meeting and raising the bar for an accounting explanation.