Embarc Resorts / Deceptive business practices
I am a Club Intrawest (CI) Member who is considering selling my Club points & ending my membership. Since Diamond Resorts Int'l (DRI) assumed management of the Club (now Embarc by DRI) in November 2015, however, it is unlikely that this will be possible. DRI has the right of first refusal to any Member seeking to sell their membership on the resale market. In fact, DRI prefers that members return their points through forfeit, default of payment or Members even pay DRI to return them. Considering the Club's Repurchase Program? There are over 1, 200 CI Members on the waiting list. As Members, we need to be free to set our point price at a fair market value on the secondary market, which we are now prevented to do.
I am writing to invite you to join fellow Club Members, over 1, 000 strong, who are united to work together, to inform, educate & campaign against DRI's management of our Club. A Members-only group was launched on Facebook to connect with the 22, 000 Members since DRI refused to provide the Membership contact list to facilitate our inter-communication. Also, a website has been created to share key Club documents, explain how the Club is bring managed to benefit DRI, not the Members, provide updates on progress & info on selling points, etc.
Did you know that although we Members own 94% of the Club points & Intrawest/DRI has 6%, the Club instruments were written to give them a weighted voting power of 15 times that of Members (or 48% voting power) in all elections? Did you also know that Intrawest placed their employees in 4 of 5 positions on the Board of Directors, thereby ensuring DRI controls the Board & our Club? Join the Members group: https://www.facebook.com/groups/clubintrawestowners/ and website: http://citheownersgroup.wix.com/home
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