Vacation Club and City Government End Court Battle
Friday, May 2, 2008
According to the Post and Courier’s Charleston.net, the city of Charleston, SC, and the Private Escapes Vacation Club have agreed to a settlement in their current court battle. Charleston zoning rules prohibit a timeshare company or vacation club from operating in an area of the city that has residential zoning. The Private Escapes Vacation Club’s Smith Street resort currently violates this law.
At Private Escapes, members pay both dues and up-front fees to stay up to 50 nights per year at the company’s resorts and private luxury homes, which are located worldwide.
Although an appeal by Private Escapes LLC was pending in the South Carolina Court of Appeals, the company agreed to the settlement with the city. Terms of the agreement include the City of Charleston agreeing to dismiss pending fines for zoning violations while the vacation club company agreed to stop offering accommodations at their Smith Street location, effective June 2, 2008.
Steep Price Tag on Some Luxury Vacation Clubs
Private Escapes bills themselves as a “luxury vacation club.” In 2007, Private Escapes and Ultimate Resorts announced a merger that the companies are still in the process of implementing. Private Escapes has resort properties in the Bahamas, Utah, Florida, New York, and South Carolina. Ultimate Resorts are located in London, Paris, St. Thomas, the Bahamas, Mexico, Wyoming, Hawaii, and South Carolina.
According to the Robb Report, membership requires a $325,000 deposit, $22,000 in annual dues, and nightly rates of $185. At the Ultimate Resort, Elite level members pay between $380,000 and $407,500 for 180 travel days in luxury homes that have an average value of $3 million.
Timeshare and Affordable Vacation Clubs
There’s no word yet on whether or not the Private Escapes plans to open a new resort destination in another part of the city of Charleston, although their partnership with the Ultimate Resorts expands their resorts to include a SC location, in Kiawah Island. But for all the people who want vacation ownership in Charleston, SC, there are plenty of great opportunities to buy timeshare resales or rent timeshare in this charming and historic seaside town.
If you can’t shop for vacation ownership with a $300,000 to $400,000 price tag, but you still expect luxury accommodations, go to Sell My timeshare NOW to learn more about timeshare resales and vacation club memberships.