FAQ’s for Ocean Club Resort and Vacation Internationale
How does the conversion to the VI program work?
You may call VI directly to receive a contract and paperwork from Vacation Internationale. VI has an exclusive phone number and email for Ocean Club Resort Members - (800) 621-2403 or email inforequest@viresorts.com. We are here to answer all your questions and facilitate a smooth transition.
How many VI points will I receive if my membership is Every Year?
|
Ocean Club Resort Membership |
OCC Maintenance Fee |
VI Points Conversion |
2018 VI Maintenance Fee |
|---|---|---|---|
|
Two Bedroom |
$ 1,237.00 |
112 |
$ 879.20 USD |
|
One Bedroom |
$ 838.00 |
91 |
$ 714.35 USD |
|
Studio |
$ 594.00 |
70 |
$ 549.50 USD |
How long will my VI membership last?
You will receive a perpetual (forever) membership in the VI program. You may also transfer your VI membership to family or friends, who will then have the rights and obligations associated with the VI membership.
When will my VI membership begin?
Your VI membership will be retroactive to July 1st 2018. VI operates on a use year that begins on July 1 and ends on June 30 of each year.
How much is the maintenance fee?
The VI operating fund assessment (maintenance fee) is billed per point owned – currently at $7.85 (USD) per point. Your Use Year runs July 1 through June 30. You will receive your VI annual operating fund statement July 1, and have the option of paying in full by July 31st (USD) or paying monthly with a 1% finance charge. For every other year owners, your VI operating fund assessment will be billed in the year you receive your points (ie 2018, 2020, 2022). The reserve portion of the budget has gone up to ensure that the units are maintained in top quality. On average, their overall assessment has increased 1% per year.
Is VI a stable company?
Vacation Internatationale (VI) is one of the oldest Points based clubs in North America, with 45 resort locations and 44,000 members. We have demonstrated continued expansion and have a robust sales program to support the growth of our Club. We have also completed a number of mergers similar to this one. For more information on VI, go to our website. www.viresorts.com
What are some of the VI Benefits?
- Availability for VI resorts can be found online at viresorts.com. You may confirm your reservation online or speak to a VI Owner Services representative.
- No housekeeping fees are charged at VI resorts, only the $20 Booking Fee, collected at the time of booking.
- Saving points with VI is automatic with no associated charge. With saving/borrowing, you may have access up to to 4 years’ worth of points. (annual owner)
- Bonus Time is available at VI’s 45 resorts for rates as low as $70 per night, within 15 days of arrival.
- Book your reservation at VI resorts up to one year in advance.
- No guest fees.
Do I have a home resort at VI?
A home resort is not needed, you can vacation at any of the 45 resort locations in the VI Program, in any unit size, any season, for any length of time. The beauty of the VI Program is that flexibility is built in. You choose what works for you.
Other than the 45 resort locations, what else does VI offer?
VI secures over 2,000 exchange weeks each year, in areas we know that our VI Owners desire – these weeks are made available to our Owners through our Instant Exchange Program for a nominal exchange fee + VI Points.
Will I have access to Bonus Time?
As a VI Owner, all VI resort locations are available at VI Bonus Time rates within 15 days of arrival, starting at $70 (USD) per night, based upon condo size and availability.
Will this affect my Interval exchange membership?
Your Interval membership will not be affected. You will be able to transact on the Interval website using your VI points.
How can I be assured that my VI timeshare is secure?
VI units are held in a debt-free real estate trust for the benefit of all VI members, which ensures the security of a VI membership. As new VI contracts are sold, additional units will be added at new or existing resort locations to maintain a balance between VI contracts and units in the program. All VI units are protected against any encumbrance, sale, or attachment of the units by creditors of VI or VI’s developer.
For online access to VI’s Public Offering Statement, click here.