We stayed a week at the Morritt’s Tortuga Club and attended a timeshare presentation that covered sales for both properties (Morritt’s Tortuga Club and Morritt’s Grand Resort).
We were used to high-pressure sales pitches from past trips to Cabo San Lucas, Ixtapa and Orlando, but found none of the pressure here at Morritt’s. Our sales representative (Mary Dale) was very informed and a pleasure to work with.
Morritt’s Tortuga Club: Although this resort has been sold out for some time, owners here were given the option to upgrade to the newer Grand Resort next door and this opened up units for sale. There were some one bedroom units pool side, a few ocean front and I think some two-bedr
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We stayed a week at the Morritt’s Tortuga Club and attended a timeshare presentation that covered sales for both properties (Morritt’s Tortuga Club and Morritt’s Grand Resort).
We were used to high-pressure sales pitches from past trips to Cabo San Lucas, Ixtapa and Orlando, but found none of the pressure here at Morritt’s. Our sales representative (Mary Dale) was very informed and a pleasure to work with.
Morritt’s Tortuga Club: Although this resort has been sold out for some time, owners here were given the option to upgrade to the newer Grand Resort next door and this opened up units for sale. There were some one bedroom units pool side, a few ocean front and I think some two-bedrooms. The ownership is actually a 99 year lease, which most likely started 15 years ago when the resort was completed – this still leaves 84 years left on the lease. This property is older (still nice and on an awesome beach), and offers buyers one of the best values of any ocean front property we’ve seen!!
Morritt’s Grand: Two of the three buildings are complete and are nearly sold out… or is that just a sales tactic to "act now before they are all gone". The two-bedroom units were truly spectacular, and the one-bedrooms were very nice as well. I think they had some larger penthouse units available as well.
We always go into a timeshare presentation with skepticism, knowing that the same units can likely be purchased on the resale market through realtors or on-line at a fraction of the cost (since the hefty sales commission has already been paid). But we were surprised at the rates here – far less than units we’ve seen in Cabo (which are only on a 25 or 30 year lease) or even in Scottsdale. Without divulging pricing, I can say that units here were far LESS than most beach front properties we’ve seen – and for the money, I would much rather invest here in Grand Cayman than in Mexico (its always easy to trade into Cabo).
And, as an incentive to entice people to buy direct through the developer instead of through the resale market, Morritt’s has introduced a new program (the Golden Turtle Club) which offers owners discounted travel (air & car packages), but more importantly, the opportunity to purchase bonus weeks at the resort for the cost of annual maintenance (about $500 for a one bedroom). This, in effect, gives you two weeks for the price of one. The first "regular" week can be used at the resort, rented, traded/banked with RCI or gifted to friends/family. The second "bonus" week can only be used here at either the Grand or Tortuga (whichever you buy), but can be rented or gifted – the bonus week cannot be traded through RCI. So, as the sales pitch goes, you can purchase a week – trade the regular week into RCI or rent it out, and use the second bonus week to stay there. They also have some gimmick where they give you a "third wholesale week" which is similar to the resort rental or bonus week through RCI.
If you ask me, the price/quality/location here is a great value (I have yet to convince my husband, but am working on him…). If you want to buy, the hardest part will be deciding if you want to get into the newer Grand or the better priced Tortuga.
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