Manhattan Club Lawsuit

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Message Author

By robertf795

Manhattan Club Lawsuit

Yes I believe if you have two time shares you should have two ballots.

Avatar for robertf795 robertf795

1 month ago
Aug 04, 2018

By susank727

Yes, I agree. If one owns 2 weeks = 2 votes.

Avatar for susank727 susank727

1 month ago
Aug 06, 2018

By susank727

Yes, I agree wholeheartedly: however many weeks you own = 1 Vote for 1 Week, etc., etc. Good point! Thanks.

Avatar for susank727 susank727

1 month ago
Aug 06, 2018

By lc121

Laura, TMC has contracts with Interval & the Registry Collection, to trade for the Penthouses. TMC has separate contracts to trade the other One-bdrm's through RCI and possibly other companies? They are all exclusive.

Avatar for lc121 lc121

1 month ago
Aug 06, 2018

By laurah136

I have several exchange companies I use for TMC. However I also have 4 accounts at Interval World which TMC prevents me from banking my TMC week. They (II) have a unique hotel program that I want to take advantage of and I am precluded from doing that. Since I'm paying almost $3000 for the honor of owning at TMC, I don't feel that this should be happening.

Avatar for laurah136 laurah136

1 month ago
Aug 06, 2018

By nvr735i

Update

Thanks!

Last edit by nvr735i on Aug 07, 2018 07:18 AM.

Avatar for nvr735i nvr735i

1 month ago
Aug 07, 2018

By leonorb4

Manhattan Club Lawsuit

robertf795 wrote:
Yes I believe if you have two time shares you should have two ballots.

Yes, already voted, let´ s hope for the best !!!!!

Avatar for leonorb4 leonorb4

1 month ago
Aug 07, 2018

By chrisv126

this forum is becoming repetitious and boring. merely asking questions about voting and giving obvious answers is helpful only to the questioner and responder. if there is any TMC news that is worthwhile, post it here, e. g., after bluegreen takes over, what are owners' fates? the voting issue probably is meaningless anyway. time will tell.

i don't mean to be critical, but come on people.

BTW, i was at TMC last weekend. spoke with over 10 different employees. either they're sincere about not knowing anything about new management (eichner's exiting, et al) or they've been fully brainwashed into not saying a word about what's currently going on. the latter seems somewhat reasonable given eichner's tactics...............e.g., say nothing or "sayonara"......hasta la vista, baby. on the plus side, almost all of the people working there: bell-people, front desk personnel, concierge desk folks, room maintenance men and women, continue to be very nice and extremely accommodating. wherever i was at TMC. was spotless, but the furniture in the one bedroom suite needs REPLACEMENT, desperately, especially the occasional tables in the living room and bedroom. i was able to see one of the penthouse suites............same thing........FURNITURE REPLACEMENT (ESP. LIVING ROOM) IS IN ORDER. am i headed for even higher maintenance fees????

Last edit by chrisv126 on Aug 09, 2018 04:06 PM.

Avatar for chrisv126 chrisv126

1 month ago
Aug 08, 2018

By fibon

A couple years ago they put me in the unit where wall paper was peeling, sofa had stains we did not want to seat at, door handle was falling down, bathroom floor had cracks, and it was so cold we complained. Nothing is changing. What are we paying our maintenance fees for?

Avatar for fibon fibon

1 month ago
Aug 08, 2018

By sueo79

Chris I agree with you about the forum! This forum is pointless without specific action and solid news to report

The lawyer has given me a few questions that I will be asking in BoArd meeting today. They may not get answered but I will try. More news to follow.

Avatar for sueo79 sueo79

1 month ago
Aug 09, 2018

By jeff_reports
RedWeek.com Team

New Report on Manhattan Club Issues to Appear Aug. 14

As many of you know, RedWeek has covered Manhattan Club issues for five years ---- and published more news stories about it than any other publication. We intend to publish our next report on Aug. 14. As part of our research, we would like to speak with any owners who attended today's Board meeting in NYC. Feel free to call with your observations by Friday: 310-801-3479. Jeff

Avatar for jeff_reports jeff_reports
RedWeek.com Team

1 month ago
Aug 09, 2018

By beckyf76

Manhattan Club Lawsuit

I have a penthouse unit and the last time I visited TMC the furniture (in its entirety) was very bad. The carpets were worn and extremely dirty. This was approximately 2 years ago so I can only imagine how it looks today. I wouldn’t say I got my $59k return on investment.

chrisv126 wrote:
this forum is becoming repetitious and boring. merely asking questions about voting and giving obvious answers is helpful only to the questioner and responder. if there is any TMC news that is worthwhile, post it here, e. g., after bluegreen takes over, what are owners' fates? the voting issue probably is meaningless anyway. time will tell.

i don't mean to be critical, but come on people.

BTW, i was at TMC last weekend. spoke with over 10 different employees. either they're sincere about not knowing anything about new management (eichner's exiting, et al) or they've been fully brainwashed into not saying a word about what's currently going on. the latter seems somewhat reasonable given eichner's tactics...............e.g., say nothing or "sayonara"......hasta la vista, baby. on the plus side, almost all of the people working there: bell-people, front desk personnel, concierge desk folks, room maintenance men and women, continue to be very nice and extremely accommodating. where ever i was at TMC was spotless, but the furniture in the one bedroom suite needs REPLACEMENT, desperately, especially the occasional tables in the living room and bedroom. i was able to see one of the penthouse suites............same thing........FURNITURE REPLACEMENT (ESP. LIVING ROOM) IS IN ORDER.

Avatar for beckyf76 beckyf76

1 month ago
Aug 09, 2018

By chrisv126

sueo,

am anxiously awaiting for some MEANINGFUL news, albeit the possibility something i'd rather not read. not sure of how "pushy" you are, but it seems at this type of BOD meeting, you must assert yourself as forcefully as possible to get your questions answered. please beware of the possibly tainted security personnel who will make every attempt to keep you quiet if you appear to be overstepping the bounds that THEY established.

sueo79 wrote:
Chris I agree with you about the forum! This forum is pointless without specific action and solid news to report

The lawyer has given me a few questions that I will be asking in BoArd meeting today. They may not get answered but I will try. More news to follow.

Avatar for chrisv126 chrisv126

1 month ago
Aug 09, 2018

By sueo79

Jeff W - I will try and call you shortly for your Redweek post but I was in attendance at Board meeting. The same non sponsor Board people got voted in again - surprise surprise!) and the other 4 were NEW(sponsor seats) and they were from Bluegreen Corporation. Bluegreen (as we were told) has owned about 50 units since 2010, and in June gained another 100 (from where - not sure - perhaps Eichners own inventory??). So Bluegreen controls about 150 units.

.Eichner was NOT present - and from speaking to many owners that come every year - apparently he has never showed up. Note: the non sponsor board members indicated they send out email newsletters to all owners at least twice? a year - many in the room said they had never received anything. My advice - call TMC if you are an active owner, and make sure your current EMAIL is on this list and/or check your junk mail.

I would guestimate there was 100 or so mostly frustrated owners in the room. Most confusion was in regard to Bluegreen's involvment today versus what it will be in the future when they are allowed to 100% 'manage" the Manhattan Club and regarding the Settlement status . The current management company is still URBAN and will be for next 3 years per the settlement agreement. Almost every person asked a question or gave the Board a complaint - most of them saying the same thing! That is - there NEEDS to be a buy back program, heck even for a small fee to just dump it and be done! Median age in the room as 67 or so, and many of them cannot continue to pay the high fees, or they enjoyed the Club 10-15 years now and no longer have a use for it but cannot get rid of the burden. Many people asked Sal Reale and Joshua Wirshba (TMC Operations) about the settlement and they had no news, no updates, really did not seem to want to talk about it. Sal R referred everyone with questions to the OFFERING plan(said the "timeshare" clearly was NEVER intended to be an investment property as per Offering plan; , and Joshua referred everyone to read the Settlement document from NYAG. When it was my turn to speak - I first told the room that the status of the settlement is indeed unknown (even Louis Soloman NYAG office didn't know current status of the claims /payouts since being handled by the BBB Better Bus Bureau, and asked Mr Reale to STOP referring to the 1000 page Offering Plan document that was sent out to all of us AFTER the signing day for the timeshare (bait and switch). You can bet the microphone was taken from me then.LOL!

One owner asked Bluegreen if they will CHARGE a fee once they do manage the property to convert the Manhattan Club into their POINT based program. She said she knows of a case where they had done that, and wouldn't want to be asked for thousands to simply use the Manhattan Club , on top of already high maint fees! There was also some mention of how Bluegreen might handle the non paying members /past maintenance - Bad Debt totals approx 10 million. Some were upset this Bad Debt carries into the high maintenance today . (NOTE: They may contract to a third party Collector - not sure as they really couldn't comment about anything solid for the future.)

meeting was from approx 9:15 am to 11:30 am.

Avatar for sueo79 sueo79

1 month ago
Aug 10, 2018

By laurah136

I have two weeks. They sent only one ballot. Sloppy management or sly? I wonder how many owners they did this to.

Avatar for laurah136 laurah136

1 month ago
Aug 10, 2018

By chrisv126

sueo,

your efforts at the BOD meeting are very much appreciated. however, the results of your unselfish attempts have left us owners with what we started with, i.e., NOTHING NEW, with the same "directors, '" Sal Reale and Joshua Wirshba (TMC Operations) answering in their usual bull****ing and arrogant fashion. i have spoken with sally many times and found him to be a fast talker who knows how to skirt issues with inane excuses and mumbo-jumbo leading nowhere. they all were well-trained by eichner who has a line that follows a ruler. the bottom line fact is that eichner and company should be dining with bernie madoff for fraud both in the form of bait/switch sales tacticts and for fraudulent use of the mail (a federal crime) to advertise the sale of units of TMC, which were proven by the former NYSAG, schneiderman (in his undercover investigations) who did such a horrendous job of litigation, leaving eichner and crew practically unscathed.

sueo, you deserve a big THANK YOU from all owners for your sincere efforts at the meeting. unfortunately, it seems we're back to square, circle, rectangle, your choice, NUMERO UNO, perhaps worse.

my personal merci to you.

chris

sueo79 wrote:
Jeff W - I will try and call you shortly for your Redweek post but I was in attendance at Board meeting. The same non sponsor Board people got voted in again - surprise surprise!) and the other 4 were NEW(sponsor seats) and they were from Bluegreen Corporation. Bluegreen (as we were told) has owned about 50 units since 2010, and in June gained another 100 (from where - not sure - perhaps Eichners own inventory??). So Bluegreen controls about 150 units.

.Eichner was NOT present - and from speaking to many owners that come every year - apparently he has never showed up. Note: the non sponsor board members indicated they send out email newsletters to all owners at least twice? a year - many in the room said they had never received anything. My advice - call TMC if you are an active owner, and make sure your current EMAIL is on this list and/or check your junk mail.

I would guestimate there was 100 or so mostly frustrated owners in the room. Most confusion was in regard to Bluegreen's involvment today versus what it will be in the future when they are allowed to 100% 'manage" the Manhattan Club and regarding the Settlement status . The current management company is still URBAN and will be for next 3 years per the settlement agreement. Almost every person asked a question or gave the Board a complaint - most of them saying the same thing! That is - there NEEDS to be a buy back program, heck even for a small fee to just dump it and be done! Median age in the room as 67 or so, and many of them cannot continue to pay the high fees, or they enjoyed the Club 10-15 years now and no longer have a use for it but cannot get rid of the burden. Many people asked Sal Reale and Joshua Wirshba (TMC Operations) about the settlement and they had no news, no updates, really did not seem to want to talk about it. Sal R referred everyone with questions to the OFFERING plan(said the "timeshare" clearly was NEVER intended to be an investment property as per Offering plan; , and Joshua referred everyone to read the Settlement document from NYAG. When it was my turn to speak - I first told the room that the status of the settlement is indeed unknown (even Louis Soloman NYAG office didn't know current status of the claims /payouts since being handled by the BBB Better Bus Bureau, and asked Mr Reale to STOP referring to the 1000 page Offering Plan document that was sent out to all of us AFTER the signing day for the timeshare (bait and switch). You can bet the microphone was taken from me then.LOL!

One owner asked Bluegreen if they will CHARGE a fee once they do manage the property to convert the Manhattan Club into their POINT based program. She said she knows of a case where they had done that, and wouldn't want to be asked for thousands to simply use the Manhattan Club , on top of already high maint fees! There was also some mention of how Bluegreen might handle the non paying members /past maintenance - Bad Debt totals approx 10 million. Some were upset this Bad Debt carries into the high maintenance today . (NOTE: They may contract to a third party Collector - not sure as they really couldn't comment about anything solid for the future.)

meeting was from approx 9:15 am to 11:30 am.

Last edit by chrisv126 on Aug 10, 2018 08:24 PM.

Avatar for chrisv126 chrisv126

1 month ago
Aug 10, 2018

By drusillam2

Thank you, Sueo 79, finally a report on the meeting. Was there any mention of how many owners are not up to date on maintenance ? Blue green has announced setting up a facility in nyc to supposedly sell TMC units. One has to wonder how they could hope to sell for the prices we paid 10 or 15 yrs ago with current high mtce fees. Obviously something has to give: either sale price will be much less than we paid or mtce fees have to be much lower than current fees. Annoying that no one seems to know the status of the payout from the AG agreement. 2nd payment from Eichner must be due about now. Has anyone in this blog received any $ from settlement.?

Avatar for drusillam2 drusillam2

1 month ago
Aug 10, 2018

By sueo79

If the total is 10 million in bad debt due to unpaid maint - my bet is a few thousand owners

Avatar for sueo79 sueo79

1 month ago
Aug 10, 2018

By williamm465

Surprise, surprise. Bluegreen may want to collect what will be owed them.

Avatar for williamm465 williamm465

1 month ago
Aug 11, 2018

By deborahs528

Sue079 thank you for taking the time to write such an informative synopsis of the meeting, on the forum. Sure appreciate it! You did mention Urban Management Co. is still in for the next 3 years? Isn't it 2 since we are already a year into the settlement phase?? I hate to say it but I wonder if we were/are better off with Urban than we will be with Bluegreen? The lesser of 2 evils?? But nothing we can do about that. Thank you again.

sueo79 wrote:
Jeff W - I will try and call you shortly for your Redweek post but I was in attendance at Board meeting. The same non sponsor Board people got voted in again - surprise surprise!) and the other 4 were NEW(sponsor seats) and they were from Bluegreen Corporation. Bluegreen (as we were told) has owned about 50 units since 2010, and in June gained another 100 (from where - not sure - perhaps Eichners own inventory??). So Bluegreen controls about 150 units.

.Eichner was NOT present - and from speaking to many owners that come every year - apparently he has never showed up. Note: the non sponsor board members indicated they send out email newsletters to all owners at least twice? a year - many in the room said they had never received anything. My advice - call TMC if you are an active owner, and make sure your current EMAIL is on this list and/or check your junk mail.

I would guestimate there was 100 or so mostly frustrated owners in the room. Most confusion was in regard to Bluegreen's involvment today versus what it will be in the future when they are allowed to 100% 'manage" the Manhattan Club and regarding the Settlement status . The current management company is still URBAN and will be for next 3 years per the settlement agreement. Almost every person asked a question or gave the Board a complaint - most of them saying the same thing! That is - there NEEDS to be a buy back program, heck even for a small fee to just dump it and be done! Median age in the room as 67 or so, and many of them cannot continue to pay the high fees, or they enjoyed the Club 10-15 years now and no longer have a use for it but cannot get rid of the burden. Many people asked Sal Reale and Joshua Wirshba (TMC Operations) about the settlement and they had no news, no updates, really did not seem to want to talk about it. Sal R referred everyone with questions to the OFFERING plan(said the "timeshare" clearly was NEVER intended to be an investment property as per Offering plan; , and Joshua referred everyone to read the Settlement document from NYAG. When it was my turn to speak - I first told the room that the status of the settlement is indeed unknown (even Louis Soloman NYAG office didn't know current status of the claims /payouts since being handled by the BBB Better Bus Bureau, and asked Mr Reale to STOP referring to the 1000 page Offering Plan document that was sent out to all of us AFTER the signing day for the timeshare (bait and switch). You can bet the microphone was taken from me then.LOL!

One owner asked Bluegreen if they will CHARGE a fee once they do manage the property to convert the Manhattan Club into their POINT based program. She said she knows of a case where they had done that, and wouldn't want to be asked for thousands to simply use the Manhattan Club , on top of already high maint fees! There was also some mention of how Bluegreen might handle the non paying members /past maintenance - Bad Debt totals approx 10 million. Some were upset this Bad Debt carries into the high maintenance today . (NOTE: They may contract to a third party Collector - not sure as they really couldn't comment about anything solid for the future.)

meeting was from approx 9:15 am to 11:30 am.

Avatar for deborahs528 deborahs528

1 month ago
Aug 11, 2018

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