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


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#1 Alyssa

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    Posted 14 August 2007 - 03:18 PM

    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!

    #2 jak27

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      Posted 14 August 2007 - 03:20 PM

      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!

      #3 Alyssa

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        Posted 14 August 2007 - 03:22 PM

        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!

        #4 MikkiStreak

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          Posted 14 August 2007 - 03:39 PM

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

          #5 jak27

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            Posted 14 August 2007 - 03:40 PM

            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!

            #6 PVBride

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              Posted 14 August 2007 - 03:48 PM

              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.

              #7 Alyssa

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                Posted 14 August 2007 - 04:04 PM

                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!

                #8 PVBride

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                  Posted 14 August 2007 - 04:12 PM

                  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??

                  #9 Alyssa

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                    Posted 14 August 2007 - 04:22 PM

                    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?

                    #10 leigh miller

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                      Posted 14 August 2007 - 05:08 PM

                      didnt natasha do this with cabo surf?




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