David Walley's Resort Timeshare Owners Score a Victory, Defeat Assessment!
Over the last few months, owners and management at the popular David Walley’s Resort in Genoa, Nevada have been at odds over a special assessment to the levied on current owners. A few of our clients who own there, have kept up informed as events unfolded. Initially, owners were asked to pay an additional $950 fee to cover budget shortfalls allegedly caused by owners in arrears on maintenance fees. Naturally, many of the David Walley’s Resort timeshare owners objected to the special assessment, and attended a meeting with resort management to discuss the matter.
According to an insider who attended the first of two meetings between David Walley’s POA (Property Owner’s Association) and resort management, owners demanded an accounting of the delinquencies, and pressed for alternates to the assessment. Resort management, consisting partially of the original developer Quintus Resorts, and partially of the latest owner Celebrity Resorts, was unable or unwilling to provide requested information. Following the meeting, an article in The Record-Courier, citing sources in the resort’s management, suggested that David Walley’s might actually close unless the owners gave in to the assessment. (Now that’s playing hard ball.) Frustrated owners decided to organize, and take action. The POA filed suit to have Quintus appointed as their “Receiver” in order to protect their assets while the financial situation with Celebrity was investigated. Complicating matters further, Celebrity Resorts filed for bankruptcy protection on March 5, 2010.
This is the point at which many timeshare owners, and sometimes their respective HOA’s and POA’s, typically make the mistake of bashing their resort, and its management, on forums and chat rooms, where their vitriolic diatribes remain in perpetuity, forever damaging resale values along with the reputation of their resort. Fortunately, cooler heads prevail at David Walley’s Resort. It is, after all, a beautiful property, located in the coveted Lake Tahoe area, and boasting a historic Hot Springs on site. (See previous post for resort info.)
The timeshare owners at David Walley’s Resort, along with their hard-working POA, were able to keep the property open and solvent. Informative websites were created, or updated, reassuring both owners and potential timeshare resale buyers that the beloved resort was now in good hands. Two Board Members were removed and replaced. And that $950 assessment? It’s now just $20-$40, based on the type of ownership!
To be sure, David Walley’s POA will face other battles with management, but it’s safe to say they ‘won the war.’ I would be remiss if I didn’t point out that POA/HOA Board Members are typically just owners volunteering their time, with little recognition… So Help Timeshare tips its hat to the POA Board Members on a job well done!
Search David Walley’s Resort timeshares for sale and rent.
Visit the new POA website.
1 comment April 8th, 2010
In 1860, David Walley found a natural hot spring near where he’d been working on a tunnel project. He and a partner purchased the spring, and began charging $.50 for a bath in its therapeutic waters. By the 1900′s, Walley’s vision of a luxurious spa and hotel at the site was realized, and his resort was billed as the “leading spa of the pacific.” Famous visitors to Walley’s have included Mark Twain, Gen. Ulysses S. Grant, Clark Gable, and Ida Lupino.
Units at David Walley’s are 2-Bedroom/2-Bath lock-outs that sleep either 6 or 8 people, and feature luxurious furnishings, a fireplace, full kitchen, and a whirlpool tub in master bath. Amenities are of such quality, Interval International has awarded the resort its Premier rating for superior timeshare properties!
