Ownership Interest

[disneycrazed139]

After reading the fine print, it looks like a purchase of 150 points is approximatey a .35% interest in a unit. Does this sound right?

According to the public offering statement, there are 4,692 use availability periods, based on number of accomodations, for Saratoga Springs.

However, if I round the .35% to say 1/3 of 1%, then approximately 300 150-point contracts could be sold for this single unit. (of course, many would buy more than 150 points, but I think that the number wouldn't be completely different.)

However, the offering says that each unit is available for 51 "seven use day" availabilities.

But with the .35% we're talking many, many more than 51 "seven use day" availabilities.

I thought at first that the .35% ownership availability of a single unit (1A, by the way) might have been based on the overall ownership in the resort, but my document actually specify that the interest is a percentage of a single residential unit.

What am I missing. A lot I would guess.

 

[Dean]

That sounds right. A unit is actually a collection of rooms. At HH and OKW a unit is an entire building. I the others I think it's just a section of a floor.

 

[cewait]

Dean is absolutely correct. For example, Unit 74 at the BCV consists of two 2-bedroom units (w/lock-offs) and one Studio unit on the fist floor of the resort. So 150 points in that unit roughly represent 0.376% ownership