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Bajahowodd
Elite Nomad
Posts: 9274
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As was previously posted, aside from the world-wide financial crunch, Villa Group is very well situated. Friends just came back from one of their
established properties in Cabo, and the timeshare herd was all over the place. There was a time when the units were sold on a fixed week basis. The
accounting geniuses figured out that by selling floating time, they could actually sell more unit/ weeks than actual rooms they had. My point here is
that since Villa has so many sold units elsewhere, they can easily incentivize trading to their Loreto properties, thus establishing and maintaining a
high occupancy rate. So, whatever happens to Loreto Bay, the Villa projects are going forward, like it or not.
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rhintransit
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| Quote: | Originally posted by Bajahowodd
As was previously posted, aside from the world-wide financial crunch, Villa Group is very well situated. Friends just came back from one of their
established properties in Cabo, and the timeshare herd was all over the place. There was a time when the units were sold on a fixed week basis. The
accounting geniuses figured out that by selling floating time, they could actually sell more unit/ weeks than actual rooms they had. My point here is
that since Villa has so many sold units elsewhere, they can easily incentivize trading to their Loreto properties, thus establishing and maintaining a
high occupancy rate. So, whatever happens to Loreto Bay, the Villa projects are going forward, like it or not. |
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who can say. I'm getting deja vu here, though...sounds like all the hype and positive thinking I've heard from Loreto Bay backers/workers/'investors'
and homeowners since 2004. time will tell.
reality\'s never been of much use out here...
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bill erhardt
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Odd....... Oh, yes. The Ensenada Blanca project is different. "they can easily incentivize trading to their Loreto properties, thus establishing and
maintaining a high occupancy rate." Different jargon than the "sustainablity" of Loreto Bay, which as recently as a couple of weeks ago was going
forward in spite of the writing on the wall, but the same old hype. Plunk your money down and turn a dollar by investing in a gringo enclave in
Mexico. At least you stop short of characterizing it as the salvation of Loreto.
[Edited on 6-13-2009 by bill erhardt]
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Bajahowodd
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Perhaps some of the more knowledgeable Loretanos can answer this. I, personally have never considered Loreto as my destination, but rather a place to
stop in as I travel up and down the peninsula. As much as I have enjoyed staying there, I have never spent enough time to familiarize myself with the
area, beyond the obvious. Anyway, I was wondering, with respect to the many workers finding themselves out of jobs because of the implosion at Loreto
Bay. Who are these folks? Are they long-time locals? Or are they transients? I ask this question as I have a familiarity with the development of Cabo.
As there were few people indigenous, workers were imported by the boatload from the mainland. They lived in sub-human conditions for years.
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flyfishinPam
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| Quote: | Originally posted by bill erhardt
Odd....... Oh, yes. The Ensenada Blanca project is different. "they can easily incentivize trading to their Loreto properties, thus establishing and
maintaining a high occupancy rate." Different jargon than the "sustainablity" of Loreto Bay, which as recently as a couple of weeks ago was going
forward in spite of the writing on the wall, but the same old hype. Plunk your money down and turn a dollar by investing in a gringo enclave in
Mexico. At least you stop short of characterizing it as the salvation of Loreto.
[Edited on 6-13-2009 by bill erhardt] |
Excellent couple of posts Bill. Once these marine park meetings get past phase two you ought to have a look at Eco Alianza´s projects. We are doing
some great things and could always use support. Let's remember that as you so beautifully reminded readers that Loreto was established 312 years ago
and LB only started to get going in 2004.
www.ecoalianzaloreto.org
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arrowhead
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| Quote: | Originally posted by bajabeachbabe
In this case Villa Group is very well funded and has successfully completed this type of project in Cabo and PV many times. Their vacation club has
70,000 members. If you are expecting (hoping) them to fail, I think you will be disappointed. |
Well, for starters, there is no such thing as a well funded timeshare operation. They are giant ponzi schemes that rely upon getting new money from
new timeshare buyers to keep the project going. If the new buyers stop, the whole thing collapses. So, where are all the new buyers coming from? The
US? Lorteto is a destination resort that is hard, and expenseive, to get to. This project was conceived back in the salad days. Now we are into
macaroni and cheese.
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Bajahowodd
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I partially agree. A mature time share project has a huge positive cash flow. As I previously posted, there is really nothing to stop the developers
from over-selling the units. Face it. Cabo would never have grown so large so quickly, if it wasn't for the time share concept. But, you are correct,
that in present day terms, Loreto does not shine as a destination for the average time share owner or buyer. Way too expensive to fly to, and lacking
in things to do. Hence, the opportunity for an outfit like Villas to incentivize the experience.
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capt. mike
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i don't think that is correct
| Quote: | Originally posted by arrowhead
| Quote: | Originally posted by bajabeachbabe
In this case Villa Group is very well funded and has successfully completed this type of project in Cabo and PV many times. Their vacation club has
70,000 members. If you are expecting (hoping) them to fail, I think you will be disappointed. |
Well, for starters, there is no such thing as a well funded timeshare operation. They are giant ponzi schemes that rely upon getting new money from
new timeshare buyers to keep the project going. If the new buyers stop, the whole thing collapses. So, where are all the new buyers coming from? The
US? Lorteto is a destination resort that is hard, and expenseive, to get to. This project was conceived back in the salad days. Now we are into
macaroni and cheese. |
there are too many successful vaca interval ownership resorts about. once the developer sells sufficiently he can return the capital to build it.
then the gravy flows and the maintenance fees handle that. I have friends in the industry, specifically with Monarch Grand Vacations.
and today the savvy projects have converted - you don't buy a dedicated period for a dedicated property - you buy interval points you can use at
sister properties whenever you want to book. it is a good deal vs rack rates at destination resorts.
the well run properties have cycles sure, but can be cash cows. Mayan palace properties are another great example of how it is done.
formerly Ordained in Rev. Ewing\'s Church by Mail - busted on tax fraud.......
Now joined L. Ron Hoover\'s church of Appliantology
\"Remember there is a big difference between kneeling down and bending over....\"
www.facebook.com/michael.l.goering |
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Bajahowodd
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Mayan! Even been to the one in San Jose? The entrance reminds me of something Disney would design. Actually eerie.
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Cypress
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Breaking News? OK.  As Barney Fife would say "Surprise, Surprise".
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Dave
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Let's get our facts straight.
| Quote: | Originally posted by Cypress
Breaking News? OK. As Barney Fife would say "Surprise, Surprise". |
It was Gomer.
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Cypress
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Dave, Thanks. I get 'em mixed up.
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Skeet/Loreto
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As I was present at the building of the 2nd Presidente which was located at Nopollo, I can tell you that many workers were brought in from the
Mainland. I can aslo tell you that the Golf Course was "Sponsered by MacEnroe. A huge sign was present at the entrance for many years. Also George
Bush the first paid a visit as well as Ford Motor company. However that being said there was nothing done for the Workers when that project failed to
even fill up all the rooms.
For awhile we had some great Buffets and dancin every Friday nite.
Also the Gay hoars were brought in from La Paz and the Medics were swamped with problems until one day the local and Feds gave all the "Gays" 48 Hours
to leave Loreto, they even provided the busess to transport them South.
Many of the sons and daughters of the workers from the mainland moved North and never went back home or came back to Loreto. I fear that the same
thing will happen this time only it is gettin crowded in TJ.
Skeet
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DENNIS
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| Quote: | Originally posted by Skeet/Loreto
I can aslo tell you that the Golf Course was "Sponsered by MacEnroe. |
Skeeter...I think John McEnroe was a tennis player.
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Sharksbaja
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I told you so, I told you so!!!
"suspends operation"
Yep, and I'm personally thrilled about that cancer being stopped..
Sorry for all the people they raped, pillaged and plundered. Hope they get restitution tho will most likely get this:
DON\'T SQUINT! Give yer eyes a break!
Try holding down [control] key and toggle the [+ and -] keys
Viva Mulege!
Nomads\' Sunsets
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comitan
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Dennis
You are right and they had a tennis tournament there with John Mc Enroe as the highlight.
Strive For The Ideal, But Deal With What\'s Real.
Every day is a new day, better than the day before.(from some song)
Lord, Keep your arm around my shoulder and your hand over my mouth.
“The sincere pursuit of truth requires you to entertain the possibility that everything you believe to be true may in fact be false”
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Don Alley
Super Nomad
Posts: 1997
Registered: 12-4-2003
Location: Loreto
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Guess where the LB Chaos and Controversy came from
From the NY Times archives
| Quote: | AMID 1985 TURMOIL, McENROE FINDS SOME PEACE
By ROY S. JOHNSON
IT is early morning. Much too early, it seems, for John McEnroe. He is standing, tall and slender with his uncombed curly locks blowing in the breeze,
in the middle of the tarmac here at the airport in this tiny, remote town on the eastern coast of Lower California. He says nothing. But his look -
tiny eyes squinting in the sunlight above an angular, unshaven jaw and a thin half-smile -conveyed much more about his state of mind last Saturday
than any words could have. Clearly, McEnroe would rather have remained in bed. Instead, he is leaving Loreto, where he is in the second year of a
five-year contract to serve as the touring pro for the newly built Loreto Tennis Center, and boarding a seven-passenger jet for Mexico City. There, he
and three other professional tennis players will meet President Miguel de la Madrid of Mexico and his wife, Paloma, then stage an exhibition that will
raise $80,000 to aid victims of the devastating earthquake that rocked the country earlier this year. As McEnroe settles comfortably into the leather
seat, the rising sun creates a stunning montage of browns, reds and yellows on the majestic Sierra de la Gigante, visible through the small window
beside him. The result is a portrait of serenity that somehow seems odd. Odd because serenity is a condition that tends to avoid John McEnroe. Chaos
and controversy stalk him instead. |
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Skeet/Loreto
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Sorry folks I just had a slip of the Tennis Court/Golf Course.
I was there for the opening when Viki Carr was there to do some beautiful singing.{It was held at the Tennis Club.
PS McEnroe never came back to Loreto.
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Don Alley
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Posts: 1997
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| Quote: | Originally posted by Skeet/Loreto
Also the Gay hoars were brought in from La Paz and the Medics were swamped with problems until one day the local and Feds gave all the "Gays" 48 Hours
to leave Loreto, they even provided the busess to transport them South.
Skeet |
Hey Skeet, I saw Manuel in La Paz and he says to say "Hi!"
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Dave
Elite Nomad
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Yuk, yuk
| Quote: | Originally posted by Skeet/Loreto
Also the Gay hoars were brought in from La Paz and the Medics were swamped with problems until one day the local and Feds gave all the "Gays" 48 Hours
to leave Loreto, they even provided the busess to transport them South.
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I think they all went to Capistrano.
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