Has anyone done a "Buy-Out" of a small boutique hotel or resort?

[Alyssa]

we are considering doing a buy-out at The Lodge at Molokai Ranch and are wondering if anyone here has done this anywhere else??

 

thanks!

[jak27]

We looked at doing this at several resorts, but our guest list kept growing! Keep us updated though, I would love to hear all about it!

[Alyssa]

Quote:

Originally Posted by jak27 We looked at doing this at several resorts, but our guest list kept growing! Keep us updated though, I would love to hear all about it!

were they all in Mexico? if any were in Hawaii - let me know!

[MikkiStreak]

PVBride is doing a buyout at Playa Fiesta in Puerto Vallarta...

[jak27]

Quote:

Originally Posted by Mrs.B 2008 were they all in Mexico? if any were in Hawaii - let me know!

Actually, they were all in the Caribbean, and none in Mexico! We sort of ended up with Cabo after a very long 4 months of finding the "perfect" destination. Turns out we were making it too difficult and have always loved Cabo!

But Hawaii...sign me up! Sounds fabulous!

[PVBride]

Quote:

Originally Posted by MikkiStreak PVBride is doing a buyout at Playa Fiesta in Puerto Vallarta...

Yes, I am! Let me know if you have any further questions! We are very happy with our choice to do this.

[Alyssa]

Quote:

Originally Posted by PVBride Yes, I am! Let me know if you have any further questions! We are very happy with our choice to do this.

Molokai Lodge has 22 rooms and they are offering us a great buy out package - the only issue we are having is with the HUGE deposit. i am wondering what your deposit schedule is - if that is too personal that is totally cool!

[PVBride]

Quote:

Originally Posted by Mrs.B 2008 Molokai Lodge has 22 rooms and they are offering us a great buy out package - the only issue we are having is with the HUGE deposit. i am wondering what your deposit schedule is - if that is too personal that is totally cool!

We had to put $5,000 down to reserve the hotel. The rest of the payment is not due until our arrival at the hotel. (An additional deposit of $5,000 would have been due 3 months prior to our wedding date, if no more than half of our rooms had been booked.)

Are your rates similiar??

[Alyssa]

Quote:

Originally Posted by PVBride We had to put $5,000 down to reserve the hotel. The rest of the payment is not due until our arrival at the hotel. (An additional deposit of $5,000 would have been due 3 months prior to our wedding date, if no more than half of our rooms had been booked.) Are your rates similiar??

I wish!
the buy out rate for 2 nights with events is $20K. their contract asks for 50% of that within 30 days of the contract being signed (so approx 45 to 60 days from now!). then they want the other $10K in March 2008.

i am kind of freaking out about it - it is the only thing standing in our way righ now but $10K is a lot of $ to put down in 60 days!!!!

would you be willing to PM and swap contracts/proposals?

[leigh miller]

didnt natasha do this with cabo surf?