Friday, Sep 22, 2017

Want to learn more about the WorldMark by Wyndham Timeshare System?

WORLDMARK BY WYNDHAM RESORTS

From the breathtaking mountains of Utah and Colorado … to the exciting attractions of Orlando and Anaheim… to the star-filled stages of Branson and Las Vegas, … to the sandy shores of California, and Florida, and even Hawaii and Mexico you’ll find WorldMark resorts in America’s most scenic and popular destinations. Every WorldMark vacation condominium is fully furnished, and many feature special amenities such as washers and dryers, private whirlpool spas, fireplaces and DVD players.

 

      

 

 

A WorldMark® ownership is like having a vacation home at the lake, the mountains, and the beach at a fraction of the cost of a second home with none of the headaches. Comparable in price to traditional timeshares that offer only one location, for one week at a time, a WorldMark ownership gives you more than 70 locations to choose from.
       

 

You can be assured WorldMark by Wyndham and WorldMark, The Club will be around for a long time to come. WorldMark by Wyndham is one of the largest vacation ownership companies in the world. Being part of the Wyndham Worldwide family of companies provides a strong brand our customers can count on.
      

 Brief History of WorldMark by Wyndham

In 2002, Trendwest was acquired by the mammoth Cendant Corporation- which owned timeshare brands such as Fairfield, Wyndham, and RCI. Today, WorldMark is owned by the Wyndham Corporation (stock ticker WYN), and boasts more than 270,000 members. It’s is widely regarded as one of the best values for any point based timeshare system in the world.

The Timeshare Resorts:
WorldMark offers resorts in both high traffic tourist markets such as Orlando, New Orleans, Las Vegas and Anaheim- as well as a tremendous selection of drive to locations within a few hours of urban areas. WorldMark has been very selective in the resorts they acquire, and as a result boast award winning Gold Crown and five star resorts throughout the system. Many resorts are shared development properties that can also be owned as deeded ownership at the individual resort, or as part of another affiliated point system such as Wyndham Vacation Club. Affiliation and reciprocal usage agreements are always subject to future change, but at the time of writing this article the WorldMark vacation destinations include the following properties:

WorldMark by Wyndham Properties:

Arizona:
• WorldMark Bison Ranch in Overgaard
• WorldMark at Pinetop
• WorldMark Rancho Vistoso in Oro Valley

British Columbia, Canada:
• WorldMark Cascade Lodge in Whistler
• WorldMark Sundance in Whistler
• WorldMark Canadian in Vancouver
• WorldMark Victoria

California:
• WorldMark at Angel’s Camp
• WorldMark at Bass Lake
• WorldMark at Big Bear in Big Bear Lake
• WorldMark at Clear Lake in Nice
• WorldMark Dolphins Cove in Anaheim
• WorldMark Indio
• WorldMark Marina Dunes in Marina
• WorldMark Mission Valley in San Diego
• WorldMark Oceanside Harbor in Oceanside
• WorldMark Palm Springs
• WorldMark Beachcomber in Pismo Beach
• WorldMark San Diego
• WorldMark San Francisco
• WorldMark Solvang
• WorldMark Windsor

Colorado:
• WorldMark Estes Park
• WorldMark Steamboat Springs
• WorldMark Pagosa
• WorldMark Granby – Rocky Mountain Preserve

Florida:
• WorldMark OceanWalk in Daytona Beach
• WorldMark Kingstown Reef in Orlando
• WorldMark Reunion in Orlando
• WorldMark Fort Lauderdale – Palm Aire
• WorldMark Fort Lauderdale – Santa Barbara
• WorldMark Fort Lauderdale – Sea Gardens

Fiji:
• WorldMark Denarau Island

Hawaii:
• WorldMark Kapaa Shores in Kauai
• WorldMark Kihei in Maui
• WorldMark Kona in Kailua
• WorldMark Valley Isle in Maui

Idaho:
• WorldMark Arrow Point in Harrison
• WorldMark McCall

Illinois:
• WorldMark Galena

Louisiana:
• WorldMark New Orleans at Avenue Plaza

Mexico:
• WorldMark Coral Baja in San Jose del Cabo
• WorldMark La Paloma in Rosarito Beach

Missouri:
• WorldMark Branson
• WorldMark Lake of the Ozarks in Osage Beach

Montana:
• WorldMark West Yellowstone

Nevada:
• WorldMark Las Vegas
• WorldMark Las Vegas Spencer Street
• WorldMark Las Vegas Tropicana
• WorldMark Reno
• WorldMark South Shore in Zephyr Cove
• WorldMark Tahoe in Stateline

Oklahoma:
• WorldMark Grand Lake in Afton

Oregon:
• WorldMark Whale Pointe in Depoe Bay
• WorldMark Eagle Crest in Redmond
• WorldMark Gleneden in Gleneden Beach
• WorldMark Bend – Seventh Mountain Resort
• WorldMark Running Y in Klamath Falls
• WorldMark Schooners Landing in Newport
• WorldMark Seaside

Texas:
• WorldMark New Braunfels

Utah:
• WorldMark Bear Lake in Garden City
• WorldMark Midway
• WorldMark St. George
• WorldMark Wolf Creek in Eden
• WorldMark Park City

Washington:
• WorldMark Deer Harbor
• WorldMark Birch Bay in Blaine
• WorldMark Blaine
• WorldMark Camlin in Seattle
• WorldMark Discovery Bay in Townsend
• WorldMark Lake Chelan in Lake Chelan Shores
• WorldMark Lake Chelan- Lake House
• WorldMark Leavenworth
• WorldMark Long Beach
• WorldMark Mariner Village in Ocean Shores
• WorldMark Surfside Inn in Ocean Park

For a complete map of available resorts along with pictures and information, you can visit here.  Click on a state. Any red dot on the map is a WorldMark by Wyndham resort.

Introduction to Ownership, System Rules, and Usage Strategies:
The First Rule of Timeshare is that ownership should never be considered a financial investment in real estate. Timeshare properties do not generally appreciate over time. Often, the only true gauge of a timeshare’s value is your usage and enjoyment of the property, and in the photos and memories of your incredible vacations!

This simple truth leads directly to the Second Rule of Timeshare- Always Buy Resale! Purchasing a timeshare interest on the secondary market from a current owner who no longer uses their ownership is the best way to save thousands on your purchase. Also, purchasing from an experienced and respected brokerage is the safest way to ensure you have all the information you need to ensure the timeshare you purchase provides you with years of great vacations!

Ok- now on to specific info about WorldMark the Club……

Ownership Types

Almost all ownerships are classified as Premier Perpetual Memberships. These are owned in-perpetuity and do not expire. Premier Memberships receive access to bonus time usage. They can be sold and can be willed to your heirs (although TravelShare and Elite status only transfer to immediate family members). There are a few Standard Memberships in existence which only give a 40 year right to use.  Standard Memberships also do not get access to bonus time usage. Your brokerage or closing agent should always verify the type of ownership being transferred!

Seasons:
WorldMark follows three simple season designations. These are red for high season, white for mid season, and blue for low demand season.
Exchange Options: There are different ways to exchange your ownership week for another resort. The easiest way is using your WorldMark credits to reserve at another Club affiliate. To go outside the Club’s affiliated resorts, a third party exchange system must be used such as RCI, Interval International, or a smaller system such as SFX Resorts.

Fees:
Maintenance fees are determined each year based on the overall operating budget of the Club. These assessments will vary from year to year, and you should expect these fees to increase over time. You should always consider annual fees before making a purchase.

Generally, the annual allotment of credits or points determines the annual dues amount (the original deeded owner’s at Eagles Crest are the exception. Fees are made up of a base amount, which is then adjusted by the number of credits owned. Most buyers who are adding credits to their existing membership choose to combine the accounts to avoid additional fees. Your brokerage can provide you with information about the differences in the transfer process for a combination transfer, and a straight transfer without combining accounts.

Here’s the current WorldMark maintenance fee schedule beginning January 1, 2016:

Annual Credits
Yearly Maintenance Fees
5,000
$467.93
6,000 – 7,000
$610.18
8,000 – 10,000
$752.43
11,000 – 12,000
$894.68
13,000 – 15,000
$1,036.93
16,000 – 17,000
$1,179.18
18,000 – 20,000
$1,321.43
21,000 – 22,000
$1,463.68
23,000 – 25,000
$1,605.93
26,000 – 27,000
$1,748.18
28,000 – 30,000
$1,890.43
31,000 – 32,000
$2,032.68
33,000 – 35,000
$2,174.93
36,000 – 37,000
$2,317.18
38,000 – 40,000
$2,459.43

You can see that there are some point levels where it makes perfect sense to purchase a larger allotment, since the fees are the same as a lower point level. For example, buyers who determine that they will need 8,000 credits for their planned reservations might be wise to purchase a 10,000 credit contract- since the annual fees are exactly the same. The slight difference in the initial purchase price will be offset over the years by the annual dues savings! Plus you can always bank or sell the unused points from your account each year- either giving you more usage or further reducing your annual costs!

Housekeeping fees must also be paid with each reservation. Each owner receives at least one free housekeeping service each year (one free housekeeping token is given for every 10,000 credits owned). Once you are out of housekeeping tokens, a housekeeping fee will be charged for each reservation based on the unit reserved.

Housekeeping Fees Effective January 1, 2016

Housekeeping Fees Unit Types Housekeeping Fees Unit Types
$56.00
Hotel
Studio Hotel
Studio Compact
$110.00
2 Bedroom Chalet
3 Bedroom
3 Bedroom Plus
3 Bedroom Deluxe
$64.00
Studio
Studio Plus
Studio Deluxe
$111.00
3 Bedroom Chalet
$72.00
1 Bedroom Compact
1 Bedroom Compact Hotel
1 Bedroom Hotel
$119.00
2 Bedroom Penthouse
2 Bedroom Presidential
$83.00
1 Bedroom
1 Bedroom Suite
1 Bedroom Plus
1 Bedroom Deluxe
2 Bedroom Compact
2 Bedroom Hotel
$137.00
3 Bedroom Penthouse
3 Bedroom Presidential
$94.00
2 Bedroom
2 Bedroom Suite
2 Bedroom Plus
2 Bedroom Deluxe
$155.00
4 Bedroom Penthouse
4 Bedroom Presidential

 

Finally, point systems also may have incidental fees that may be charged for various services and transactions such as parking fees and occupancy taxes.

Reservations:
Red season reservations require a minimum seven night stay when booking between 10 months + one day to 13 months in advance of the requested dates. This reservation may be split among two or more resorts as a Group Booking Reservation, but must still be at least seven consecutive days. The minimum stay requirement is removed (except for Weekend Only bookings) for reservations made 10 months or less from the requested usage dates.

White and Blue season reservations can be made from 48 hours prior up to 13 months in advance of the requested usage dates. There is no minimum stay requirement for these reservations, except for Weekend Only bookings.

Weekend Only reservations require that both Friday and Saturday be reserved when available. If another day of the week is reserved in combination with either Friday or Saturday it is not considered a Weekend Only booking (for example a Thursday & Friday reservation, or a Saturday, Sunday & Monday reservation are both acceptable!). Owners may only have one Weekend Only reservation pending on their account for every 5,000 credits owned. Once a Weekend Only reservation is used, however, another may be made immediately up to the maximum number allowed for your point allotment.

Saving and Borrowing Credits:
Unused credits are automatically saved or banked on your account at your anniversary date. Once saved, credits will remain available for two years. Owners also have the ability to borrow credits from the next usage year. If you find that you have saved credits that are about to expire, you can also extend the life of those points even further by making a reservation up to 13 months out! WorldMark’s policies for saving credits are among the most owner friendly in the industry, and give you an incredible amount of flexibility and protection from losing points due to non-usage! WorldMark also allows you to borrow future credits. If you are short credits for a reservation request, you can borrow from your future usage without having to prepay the next year’s maintenance fees.

Bonus Time reservations:
This is one of the most popular benefits of a WorldMark ownership for those who have the ability and flexibility to take advantage of last minute cancellations. This privilege is available only to Premier Memberships. These reservations are made with cash, and do not require housekeeping fees. For 2015, the rate for bonus time reservations is $.058 per credit, with a minimum charge of $50 per night.

Bonus Time Reservations can be made up to 14 days in advance of the dates of travel (five days or less if you are booking the reservation in a guest’s name) and you can stay up to a maximum of four consecutive days. The weekend only booking requirement does apply to bonus time, so if you reserve a Friday night via bonus time- you must also reserve Saturday night if it is available.

Owners are allowed to have only one bonus time reservation pending at a time. However, you can use Group Booking to make reservations at multiple resorts as long as the reservations are for consecutive days. There are no restrictions on the total number of bonus time reservations you can use each year, but members are only allowed to make a single weekend only bonus time reservation each quarter for each 10,000 credits owned.

Exotic Bonus Time reservations:
This includes bonus time usage for resorts in Hawaii, Fiji, and San Jose del Cabo. The guidelines for these reservations are slightly different, but actually allow for even more flexibility and usage for owners at some of the Club’s most popular resort affiliates! The cost per credit is the same as standard bonus time reservations.

Reservations can be made up to 30 days in advance of the dates of travel and there are no restrictions for guest reservations. You can stay up to a maximum of thirty consecutive days, and can use the Group Booking principle to stay at multiple resorts during that time (this is a fantastic benefit for the resorts in Hawaii, as it allows owners to island hop and explore all the breathtaking islands!). The weekend only booking requirement does apply to bonus time, so if you reserve a Friday night via bonus time- you must also reserve Saturday night if it is available.

Owners are allowed to have only one bonus time reservation pending at a time. However, you can use Group Booking to make reservations at multiple resorts as long as the reservations are for consecutive days. There are no restrictions on the total number of bonus time reservations you can use each year, but members are only allowed to make a single weekend only bonus time reservation each quarter for each 10,000 credits owned.

Updated  2/3/2016


 

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