Comments on: Las Vegas Cay Club-Is it a Time Share?

By: fred grossman

fred grossman — Wed, 19 Dec 2007 03:44:29 +0000

It is not a timeshare…As you said, this is the standard wording that had to be used in Las Vegas in order to get approval for nightly rentals..

Every owner owns 100% of their unit…There are no fractional owners..

By: TimM

TimM — Wed, 19 Dec 2007 06:57:01 +0000

Fred-Thanks for your info, what other projects are like this in Vegas? Are other properties that rent by the night classified as time share? I know each owner has fee simple title to 100% of the unit and the CC& R’s state that there is to be no time share. So please help me to understand this crazy situation. I’m just trying to understand so I know what kind of a loan will work for new buyers.

By: Ann

Ann — Fri, 28 Dec 2007 19:50:33 +0000

I was contacted by one of the other owners Jesus, about the “new” Desert Tides and the concerns and outlook of the property, I immediatly got on the phone with the new manager Craig Holt. My unit is now furnished and am anxiously awaiting my first rental income. The feedback on Expedia is great, I am so glad that there is positive progress and am looking forward to turning this investment around. We have a large family and an apartment style resort is much more comfortable for us, I cannot imagine this would not be the case in Vegas. Pulling together makes so much more sense than pulling apart. More info as this unfolds….Would love to hear from others…

Thanks..

By: Bryan Sopko

Bryan Sopko — Sun, 30 Dec 2007 01:45:21 +0000

My question is: What is the square foot per room requirement for the property to be a Condo/Hotel?

My understanding is that the current square footage in the units does not qualify for a Condo/Hotel and they were forced to submit to a timeshare status. Is this correct?

That is my understanding.

However, my partners and I have retained an attorney to establish the HOA for LVCC! We are anxiously attempting to gain postiive contact with all of the owners. My email address is bryan.sopko@us.army.mil

We also have a Yahoo News Group established for all of us to share information.

I look forward to hearing from all of you.