Marriott Resale Prices low??

[brianfox]

My purchase of 2 annual island view weeks at Waiohai just passed ROFR at $5500 each. Being Waiohai, these are 2BR.
If Marriott is not exercising at that price at Waiohai - that has far fewer rooms than MKO - I think MKO is pretty safe.

 

[bazzap]

Obviously I meant trying to buy a week (Spain) via the UK market in an attempt to qualify. Too late obviously

Sent from my SM-N920P using Tapatalk

Yes, I guessed, just having a little fun.

 

[bobpark56]

But are MVC maintenance fees really increasing at a faster rate than other comparable resort systems like Vistana Signature Experiences, Hilton, etc.? I know my MVC fee increases over the last 3 years have been quite a bit lower than what I experienced in my previous 16 years in the Sunterra/Diamond system.

Our maintenance fees at Virgin Grand Villas, Westin St john have gone down for 6 years in a row now. Still not cheap, though. Caribbean weather does take it's toll.

 

[Beachspace]

I think the higher maintenance fees on a 1BR which Custom House is likely scares folks away. It is also a RTU property. While, one could make the justification that if you purchase low...the value of those 7 nights vs a hotel...is higher than the maintenance fees at certain times in Boston. If I recall, I think Custom House has some interesting use options as well...to split the 7 nights?

I can see the RTU being a problem.

As far as MF fees, you're talking $1700 or so for the week. That's way under $300/night and you get a 1 bedroom with a kitchenette vs a regular room...and the regular rooms at places like the Hyatt Regency are $300-$750/night depending on when you go not to mention very expensive parking fees.

But still, people pay $20k and more for timeshares with RTU issues or high MF fees no problem. Surprised to see so many $1 and $500 1 bedrooms at Custom House in a very expensive city.

 

[bazzap]

I can see the RTU being a problem.

As far as MF fees, you're talking $1700 or so for the week. That's way under $300/night and you get a 1 bedroom with a kitchenette vs a regular room...and the regular rooms at places like the Hyatt Regency are $300-$750/night depending on when you go not to mention very expensive parking fees.

But still, people pay $20k and more for timeshares with RTU issues or high MF fees no problem. Surprised to see so many $1 and $500 1 bedrooms at Custom House in a very expensive city.

I don't really understand what the problems/issues might be with RTU resorts?
Yes, they have an end date, although that is typically 30-50+ years down the road so not something that is of any real concern to me anyway.
Even then, if I understand correctly, either the agreement could be extended or the value of the assets at that point divided with owners receiving a share?

 

[ljmiii]

Even then, if I understand correctly, either the agreement could be extended or the value of the assets at that point divided with owners receiving a share?

It depends on the deed and the resort. In some RTU resorts the ownership reverts to the developer and/or the owner of the land under the resort.

 

[TheTimeTraveler]

Barry; The issue may more involve smart money moves and what one leaves to their offspring after death. Obviously it makes more financial sense to leave a forever deed rather than an expiring RTU.

At least that is how I look at it....



.

 

[bazzap]

Thank you Ijmiii and The Time Traveller.
I will dust off my contracts and check what they actually say happens with my RTU resort weeks at end of term.
That is probably a good starting point.