Dear Owners and Friends,
The Board of Directors is pleased and excited to announce an opportunity for you, your family, or friends to buy a parlor from the inventory of Association–owned shares. These shares have been returned to the Suites through foreclosure. And rather than adopt them, the Board has decided to sell them immediately for the price of $100 per share. In doing so, the Board hopes to add committed owners to our Association and to avoid the loss of assessment revenue that this large inventory creates.
If you decide to buy one of the shares being offered, you must also pay the 2022 assessment of $1,453.00 as well as the escrow costs of $800. You can start to use the new share while the escrow is in progress, once you pay the annual assessment. The share year will run from August 1, 2022, to September 30, 2023, allowing seven days of use.
Then, after you pay the 2023 assessment which is due on January 1, 2023, you will have seven more days, to be used based on the regular year for that share.
The parlor sale begins on July 1, 2022 and will end on July 31, 2022.
We will accept email requests for the sale during normal reservation times until 12 noon PST on Sunday, July 31. All names received will then be pooled, and a drawing will be held on Monday, August 1.
PLEASE NOTE: Payment in full must be received by August 30, 2022.
Thank you in advance for your interest and participation in the Fall Parlor Sale.
San Francisco Suites