The Royal Mayan will be sold. Tentative plans are to look for qualified bidders through April 1, 2013 when the submission of bids is due. Bids will be enclosed in a sealed envelope and opened on June 19, 2013. The bids will be analyzed through June 27th with the selection scheduled for June 28, 2013. These dates are subject to change depending on the interest of a company or investors wanting to purchase The Royal Mayan. If no bids are acceptable, The Royal Mayan will continue to be up for sale until a suitable buyer can be found.
The Owner’s Manual is looking for investors to submit a bid which would include owners who would like to repatriate their residual amount of a sale that would be due to them (we are estimating your proportionate share will be approximately 30% – 35% of your original residual value) and continue using The Royal Mayan, retaining your full residual amount for the next four and a half years until The Royal Caribbean Trust expires. At this time, if the new owner (investment group) feel they may achieve a better price if all three resorts, The Royal Mayan, Caribbean, and Islander were sold together, you will have the option to sell your villa at the new appraised price at the end of The Royal Caribbean Trust or continue on until the end of The Royal Islander Trust in 2023.
Please respond with your comments if you think this is a viable path to take, and if you are a Royal Mayan owner, would you be interested in repatriating your residual value for an additional 4 1/2years? We will be sending a survey to The Royal Mayan subscribers that we have in our database, but we probably only have half of the total Royal Mayan owner’s list. Please send us the name and address of other Royal Mayan owners so we can send them a survey.