O.R.E. – OWNERS’ RESORTS and EXCHANGE

 

Article submitted by:

John Collister

jhcollis@pacbell.net

February 2, 2004

 

WHERE DID IT ALL START:

 

The following is taken from O.R.E. web site www.ore-inc.com .  It is a brief history, but you can find more information by going to their web site and clicking on the link at the bottom of the history page. 

 

Owners' Resorts and Exchange, Inc. (ORE) was incorporated in October of 1987. It was formed to manage the twelve Sweetwater Timeshare Associations that were left financially insolvent as a result of the bankruptcy of the Sweetwater organization. These associations came out of the bankruptcy with no capital reserves and no operating funds along with many other challenges. ORE's experienced personnel worked to solve each of the association's problems and to make the future of each a success.

        Currently, ORE manages approximately thirty different Timeshare Associations across the United States. ORE also administers a large timeshare exchange program for owners of over 35,000 timeshare intervals at the properties we manage. ORE provides property management and association management,  as well as, complete reservation services.

 

RESORTS:  (RCI and/or II codes listed next to resort)

 

Alabama

·  Landmark East, Gulf Shores   

Arizona

·  Roundhouse Resort, Pinetop*  0260

·  Lake Powell, Wahweap* 

California

·  Aquamarine Villas, Oceanside*  1207

·  Capri by the Sea, San Diego* 0503

·  Lake Arrowhead Chalets, Lake Arrowhead*  2084

·  Mountain Cove, Palm Springs*

·  See the Sea, San Diego*  2665     SEE

·  Snow Lake Lodge, Big Bear Lake*  0658     SNO

Florida

·  Fishermen's Village, Punta Gorda*  4851     FVR

·  Vacation Villas, Titusville*  5053

Hawaii

·  Alii Kai II, Kauai  0495     ALI

·  Hawaiian Sun Holidays, Honolulu*  BYN

·  Kuleana Club, Maui*  0030

·  Sweetwater Waikiki Banyan, Honolulu  0381     SWB

Idaho

·  Island Park Village, Island Park*  IPV

·  The Pines, Island Park  PNS

·  Pend Oreille Shores, Hope*  5123     POS

·  Bigwood, Sun Valley  1307

Louisiana

·  Bonaparte's Quarters, New Orleans  0268

·  North Harbor III, Slidell*  5003

Mississippi

·  Hickory Hills Resort, Gautier*  5065

Mexico

·  Mar Azul, Acapulco*  6675     MZL

·  Torre Blanca, Acapulco*

·  Los Torres Gemelas, Acapulco*

·  Conchas Chinas, Puerto Vallarta *  6674     CNS

·  Playas Gemelas, Puerto Vallarta*

·  Costa Vida, Puerto Vallarta*

·  Coral Mar, Cancun*  6678     COM

·  Rosarito Beach*  6677     LPA

Missouri

·  MROP@ Lantern Bay, Branson* 

Nevada

·  The Oasis, Mesquite 

New Mexico

·  Champion's Run, Ruidoso Downs*  2219

·  Innsbrook Village  0026

Oregon

·  Embarcadero, Newport*  1250

South Carolina

·  Country Club Villas, Myrtle Beach*  0016

Utah

·  Bear Lake, Garden City*  2663     BLM

·  Circle J Club, Jeremy Ranch*  0781

·  Coronada Vacation Village, St. George  4046

·  East Canyon, Henefer  0692

·  The Kimball, Downtown Salt Lake City  2095     KBL

·  Lake Powell Houseboats*

·  ORE @ St. George, St. George*  0237     STG

·  Sweetwater Lift Lodge, Park City*  0095     SSL

·  Park Hotel, Park City  0811

·  Powder Ridge Village, Eden*  1356     PWR

·  Skiers Lodge, Park City  5099

·  Victorian Village, Park City  4031

·  Wintergreen, Midway*  WNT

·  Wolf Creek Village, Eden  0871

Wyoming

·  Jackson Pines Resort, Jackson Hole*  6381

·  Towncenter Resort, Jackson Hole  0130     TJH

Texas

·  Puente Vista, Corpus Christi  0167

·  Lake Conroe, Montgomery*  0290     APS

·  South Padre, South Padre Island  0490     SHN

 

THE ORE EXCHANGE SYSTEM:

 

M.R.O.P.  (Multi-Resort Ownership Plan)

 

MROP is one of the associations ORE manages.  Ownership in MROP means that you own a week in a system that allows you to utilize a variety of resorts for one week through a selection process called Annual Scheduling or through the ORE Exchange. 

 

Here is how it works:

1.      Owner receives from ORE a priority number (1-5 with 1 having top priority).  This number rotates each year thus creating equity within the system. You can opt to by pass the scheduling, but your priority number will change regardless.  If you choose not to participate in the Annual Scheduling Process, the priority will not rotate.

 

2.      Around the end of April each participant is mailed a scheduling packet, which includes the request form, and the ORE color chart.

 

3.      Members have two ways to submit their choice:  first, by filling out the forms and mailing them in, going on-line and completing the form. 

 

4.      You can select as many resorts and dates as you want to exchange into for that year, but they must be in the color range of your week/resort.  Red = high demand -    White = medium demand  and Blue = low demand.  Thus a while week cannot request a red week.  The more week choices you enter, the better your chances of receiving one of your desired destinations.

 

5.      All participants in the ORE Annual Scheduling Process who receive a week that was requested will be assigned the STANDARD UNIT in each resort even though they may have submitted a larger or special unit.

 

6.      Those whose requests can be filled are notified by mail with a confirmation letter.  Members whose requests could not be filled receive a by pass notification and thus can exchange their week in the ORE exchange system.

 

7.      SPECIAL NOTE:  Sweetwater Park City studio & Roundhouse studio owners do not have exchange rights in the ORE Exchange System.

 

O.R.E.  EXCHANGE   (ORE has an internal exchange available to all ORE members)

 

The O.R.E. exchange contains weeks that are deposited from M.R.O.P. participants or M.R.O.P. by-passers, and other resorts that do not participate in the M.R.O.P. but are part of the exchange system.  The following are important ideas to understand about the exchange:

·        Once you submit a week it is unconditionally given to the exchange regardless of any request being fulfilled for you.

·        You have until December 31ast of the following year to pick an exchange week.

·        When you receive an exchange it is for the standard unit (minimum capacity) within a resort, unless all standard units are taken.  This is true regardless of size or location of unit deposited with the exchange.

·        The earlier a unit is banked in the exchange the greater is the priority given to special requests.

·        Requests for certain units, larger units, or special units require submitting a Special Unit Request. 

·        Long Term Requests may be made by mail, e-mail, and fax or over the telephone. A credit card is necessary at the time of request but not charged until a request is fulfilled.  Requests can be made for a particular area, noting weeks and locations desired within that region.  

·        Short Notice Requests may be made by mail, fax or over the telephone.  Using a week of any color these requests can be made 28 days prior (U.S. resorts) or 49 days prior (On Continental United States resorts) to arrival.  Can cancel request within 14 and 21 days respectively.  No Show results in No refund and no week’s credit.

·        Split Week Option allows exchanges to divide usage into two parts, a 3-night weekend portion and a 4-night mid-week portion. Only one weekend can be used for the split.  These exchanges are based on availability at participating resorts.   Vacation Services Department sells the split week option. 

·        The exchange fee is currently $67.00 per week.

BONUS TIME
      Bonus Time is available to all ORE members. Requests may be made by mail, fax, email, or over the telephone. The primary purpose is to provide very inexpensive last minute vacation for flexible owners while minimizing the un-used inventory of the exchange.  Understanding the following will help you utilize bonus time:

1.      Continental U.S. requests can be made within 21 days of the starting date at the resort.  Outside Continental U.S. is 42 days or less.

2.      A three-night minimum is required within any given week.

3.      Operates on a first come, first served basis.

4.      Costs equal the $67 processing fee plus $25 per night ($30 for Hawaii). Thus, a whole week would only cost $242.

5.      If you need to cancel, be aware the processing fee is non-refundable, but the nightly cost is if cancelled at least 3 days prior to arrival.

6.      No show, then no refund.


PERSONAL   OBSERVATIONS:

·        Many of the resorts are condominiums that do not always have the amenities or activities associated with timeshare resorts.  This does not mean that they are substandard, but just that you must read the available amenities and be clear about what they do offer.

·        O.R.E. counselors are easy to work with and answer gracefully the most ridiculous questions.

·        Understanding and utilizing the exchange system is extremely vital if you exchange often.

·        O.R.E. has managed to keep the maintenance fee down while more than adequately keeping the facilities maintained.