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Recorded Trust Documents

Discussion in 'Marriott Vacation Club' started by dioxide45, Jun 28, 2010.

  1. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    The new tower at Grand Chateau added over 35M points to the trust. So if they ever complete the fourth tower and with reacquired weeks, Grand Chateau will have probably creep close to 100M points in the trust.
     
  2. GaryDouglas

    GaryDouglas TUG Member

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    Percent Trust by Resort

    The last number I remember seeing for MOC was that we were over 25% in the trust. Curious to see how that is changing over time, especially after last years acquisition of units into the trust from legacy owners that had leans that were not resolved in time.

    O2-45, Can you please massage that in Excel for us...?
     
  3. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    A pretty small conveyance was recorded in Orange County Florida on January 7th. They seemed to go off pattern in 2015. In prior years they did two large conveyances each year anywhere from 25,000,000 points to 45,000,000 points. Last year they did only one and this rather small one in very early 2016. This one was just under 5,000,000.

    Resort...................Points
    BeachPlace Towers.......184,000
    Canyon Villas...........141,750
    Crystal Shores...........15,500
    Cypress Harbour.........384,000
    Fairway Villas..........325,750
    Grand Chateau...........543,000
    Grande Vista............880,000
    Harbour Lake............334,750
    Imperial Palms...........44,500
    Lakeshore Reserve.......130,500
    Legends Edge.............71,250
    Manor Club..............127,000
    Manor Club Sequel.......114,500
    Mountain Side...........129,750
    Ocean Pointe............389,250
    Oceana Palms.............52,250
    Royal Palms.............100,250
    Sabal Palms..............78,000
    Summit Watch............213,500
    Villas at Doral.........214,250
    Willow Ridge Lodge......148,000
    Total.................4,621,750
     
  4. Fofo

    Fofo TUG Member

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    Thank you “dioxide45” for keeping the Total Trust Breakdown list current.

    I’ve never seen a list/spreadsheet that has the specific week(s) & accommodation type(s) of the resorts conveyed to the trust. Does something like this even exist?

    Would prove useful to keep from searching & waiting for something which isn’t available.
     
  5. GregT

    GregT TUG Member TUG Member

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    Marriott has never published anything like this, I wish they did. I keep a spreadsheet of 3BR units that get deposited at Maui Ocean Club Lahaina/Napili Villas, but that is a manual effort to compile.

    Best,

    Greg
     
  6. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    One thing though, just because a specific week hasn't been conveyed, it doesn't mean it isn't available. Owners of certain interval types can deposit their own weeks for DC points. So just because something isn't in the trust, doesn't mean it is futile to search and wait-list for it.
     
  7. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    Last edited: Apr 3, 2016
  8. GregT

    GregT TUG Member TUG Member

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    I just saw that there was another deposit in July 2016 -- will try to provide more details asap.

    Best,

    Greg
     
  9. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    I finally got around to gathering the recorded data from the July 14, 2016 recording. Looks like a total of 32,123,500 total points added to the trust in this conveyance.

    Resort...................................Points

    Barony Beach Club.......................927,250
    BeachPlace Towers.......................947,250
    Canyon Villas...........................333,000
    Crystal Shores...........................83,500
    Cypress Harbour.......................2,043,250
    Desert Springs I........................833,750
    Desert Springs II.....................1,692,750
    Fairway Villas..........................325,750
    Frenchman's Cove........................801,000
    Grand Chateau...........................932,750
    Grand Residence Lake Tahoe..............359,000
    Grande Ocean............................823,500
    Grande Vista..........................3,460,500
    Harbour Club............................114,000
    Harbour Lake..........................1,490,500
    Harbour Pointe..........................143,250
    Heritage Club............................99,250
    Imperial Palms..........................164,000
    Kauai Beach Club......................1,290,500
    Ko'Olina................................261,250*
    Lakeshore Reserve.......................406,250
    Legends Edge............................231,000
    Manor Club..............................185,750
    Manor Club Sequel.......................153,750
    Maui Ocean Club.......................1,872,000
    Maui Ocean Club Sequel..................509,000
    Monarch at Sea Pines....................293,000
    Mountain Side...........................297,000
    Mountain Valley Lodge...................301,000
    Newport Coast.........................1,208,750
    Ocean Pointe..........................1,136,000
    Ocean Watch.............................711,750
    Oceana Palms............................176,000
    Ritz Carlton Club - Lake Tahoe...........60,500
    Ritz Carlton Club - San Francisco.......308,750
    Ritz Carlton Club - St Thomas...........545,250
    Ritz Carlton Club - St Thomas Suites....243,250
    Ritz Carlton Club - Vail.................81,500
    Royal Palms.............................467,750
    Sabal Palms.............................254,750
    Shadow Ridge..........................1,859,250
    Shadow Ridge II.........................138,000
    Streamside................................8,250
    Summit Watch............................376,250
    Sunset Pointe............................50,250
    Surfwatch...............................585,000
    Timber Lodge............................589,000
    Villas at Doral.........................620,250
    Waiohai...............................1,039,250
    Willow Ridge Lodge......................289,000

    Total................................32,123,500

    * It seems that Marriott Vacation Club made several errors in this conveyance, one of them being that they failed to have a conveyance recorded for Ko'Olina adding 261,250 points to the trust. While I can't know for sure that it is one conveyance missing or for sure it is Ko'Olina. The error seems to occur between instrument 20160362868 and 20160362870. The sequence of points before conveyance and after don't add up. Also since the point below impacts the sequence and makes it more confusing.

    Some other errors of note:
    • Instrument 20160362869 is just messed up. It looks like they used instrument 20160009658 as a template but didn't update the items i, iii, iv or vi to show the correct amount of points and interests before and after conveyance. If you look at 20160362869 and 20160009658, you will see that the numbers are the same.
    • Instrument 20160362889 is also missing item iii to indicate the total points after conveyance
    • Instrument 20160362880 has an error in item iii. It is 1,000,000 points to high.
    • Instrument 20160362903 has an error in item iii. It is 1,000,000 points to low.
     
  10. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    Another interesting note was the following addition;

    Ritz Carlton Club - St Thomas Suites....243,250

    I am not exactly sure the difference from other conveyances for Ritz Carlton Club - St Thomas. It was conveyed in instrument 20160362929.
     
  11. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    Breakdown by Property

    Resort.....................................Points
    Grand Chateau..........................52,703,750
    Ko'Olina...............................30,045,750
    Newport Coast..........................29,394,500
    Oceana Palms...........................23,391,250
    Grande Vista...........................19,272,750
    Kalanipu'u.............................18,293,500
    Timber Lodge...........................17,677,250
    Shadow Ridge II........................13,429,500
    Maui Ocean Club........................11,981,250
    Ritz Carlton Club - Vail...............11,813,500
    The Mayflower..........................10,748,750
    Crystal Shores..........................9,598,250
    Cypress Harbour.........................9,156,000
    Maui Ocean Club Sequel..................8,773,500
    Ocean Pointe............................8,588,000
    Harbour Lake............................8,506,500
    Shadow Ridge............................8,053,750
    Desert Springs II.......................7,686,750
    Canyon Villas...........................5,820,500
    Kauai Beach Club........................5,204,250
    Ocean Watch.............................4,656,250
    Willow Ridge Lodge......................4,552,000
    Waiohai.................................4,446,000
    Grand Residence Lake Tahoe..............4,322,250
    Desert Springs I........................4,299,000
    BeachPlace Towers.......................3,734,000
    Barony Beach Club.......................3,339,750
    Grande Ocean............................3,159,250
    Fairway Villas..........................2,827,750
    Ritz Carlton Club - San Francisco.......2,678,000
    Frenchman's Cove........................2,553,750
    Surfwatch...............................2,532,500
    Villas at Doral.........................2,423,750
    Mountain Side...........................2,249,250
    Royal Palms.............................2,134,750
    Lakeshore Reserve.......................2,021,000
    Summit Watch............................1,996,000
    Ritz Carlton Club - St Thomas...........1,841,250
    Legends Edge............................1,588,500
    Manor Club..............................1,558,500
    Sabal Palms.............................1,545,500
    Ritz Carlton Club - Lake Tahoe..........1,462,750
    Mountain Valley Lodge...................1,248,750
    Manor Club Sequel.......................1,083,000
    Streamside..............................1,007,500
    Monarch at Sea Pines......................995,750
    Imperial Palms............................714,500
    Harbour Pointe............................665,000
    Harbour Club..............................303,750
    Heritage Club.............................267,500
    Ritz Carlton Club - St Thomas Suites......243,250
    Sunset Pointe.............................159,500
    Grand Total...........................378,749,500
     
    Last edited: Dec 11, 2016
    SueDonJ likes this.
  12. Fasttr

    Fasttr TUG Member

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    MVC Trust Points
    Thanks for all your time and talents to maintain this listing. It is appreciated!!
     
  13. SueDonJ

    SueDonJ Moderator

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    Fantastic! Thank you again and again and again ... :clap::clap:

    Were these three (Jan/Post #303, Mar/Post #307 and this July one) the only conveyances for 2016? When I used your link to the comptroller's site for another thread I got a ton of hits. No doubt an overwhelming majority are unrelated to conveyances but I really don't know how to pinpoint the searches to only conveyances.
     
  14. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    Yes, there were only the three conveyances this year. To pinpoint the documents for these conveyances, also include the recording date range and search by "MVC" in the Grantee field. Here are the three recording dates; 1/7/2016, 3/21/2016 and 7/14/2016.
     
  15. SueDonJ

    SueDonJ Moderator

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    Oh no, I don't plan on duplicating your searches when you've already done all the work! I just wondered if in all the jumble I saw the other day there were any other conveyances, and figured you'd get to that answer much faster than I could. :D
     
  16. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    Those other hits you got are likely other conveyances. There are 822 total conveyances, some original and a small number are rerecords. I am thinking this thread may prompt a few more rerecords given the number of errors they made this time around.
     
  17. SueDonJ

    SueDonJ Moderator

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    You would be shaking your head at what I did - a date range months long with only the word "Marriott." It returned so many that I had to keep shortening the date range until the hits didn't exceed the maximum that will show, and then I waded through about twenty before finding anything related to a conveyance. DC Points sales, ROFR docs, HOA foreclosures, stuff I had no idea what it was about ... I saw a whole bunch of things completely unrelated to why I was there!

    Be warned, the next time I think there's an answer to be found on that site, I'll be asking you to do it! :hi:

    And about the errors you found? My first thought while reading was that somebody will be sent back to the drawing board when MVW puts eyes on your post.
     
    Last edited: Dec 11, 2016
  18. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    I also only search for specific document type of "Notice". Otherwise you will see lots of foreclosure sales, deeds, mortgages and satisfactions. Probably hundreds of thousands of documents.
     
  19. GregT

    GregT TUG Member TUG Member

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    Dioxide, thank you for posting this -- it's interesting that they are now breaking out the Ritz Carlton St. Thomas Suites from the RCC STT Villas because I know they used to combine them. I track this property and am happy to see it continue to being added to the Trust, but unsure of the significance of the now separate designation. It shouldn't matter, but I'm still curious.

    Thanks again -- do you know the link to the 543K points that they added for RCC STT Villas? I'd like to see what intervals they added?

    Best,

    Greg
     
  20. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    It is instrument# 20160362928
     
  21. GregT

    GregT TUG Member TUG Member

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    Dixoide,

    I missed your response the first time, thanks for the link -- I don't see any more conveyances in 2016 so they should be depositing soon.

    Best,

    Greg
     
  22. BocaBoy

    BocaBoy TUG Member

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    All this detail makes my head spin. I know it is good information and some of you are interested in it, but all I personally care about is a very general knowledge (an educated guess is fine for me) of which resorts are relatively easy or relatively hard to book with points, and I can get that by browsing the MVCI reservations website. Others can worry about the detailed numbers.
     
  23. GregT

    GregT TUG Member TUG Member

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    All,

    Marriott added weeks worth an additional 18.3M points to the Trust in late March.

    I checked the properties I track, and they had only modest additions for Maui Ocean Club - Sequel and only two 3BR units. They added 19 intervals/57 weeks for Ritz STT.

    From random flipping through the filings, it looked like it was mostly re-acquired product, between 200,000 - 500,000 per property. I did not see any inventory for the Big Island, but we should start to see that.

    Best,

    Greg
     
    Last edited: Apr 21, 2017 at 1:57 PM
  24. l0410z

    l0410z TUG Member

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    The Monarch only has 122 units of which 12 are oceanfront and 1 is a oceanfront 3 br so it is easy to calculate the point value in the trust as a percent of total point value of the 122 units. Based on the math, 995K in the trust is less than 10% of the total points. Eyeballing the other HHI propertied and guesstimating based on size & points in the trust, less than 10% of Hilton Head is in the trust. Given HHI is seasonal, I would further guess that most of it is the off season inventory is not prime or shoulder. I point this out because it tells me MVCI is and will always be heavily dependant on enrolled Legacy owners for inventory in almost all locations outside of Vegas and Hawaii. As legacy owners sell, MVCI has to come up with a plan to get that inventory back for most of the other locations. I would not be surprised if we see a post 6/2010 resale enrollment offer not tied to DP point purchase at some point in the next few years.
     
  25. SueDonJ

    SueDonJ Moderator

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    Using prime HHI inventory as the example, it's not necessary for Weeks Owners to enroll them in order for Marriott to be able to access them because Marriott can pull deposits from II to fulfill DC Points reservation requests. HHI Weeks are strong traders in II so that inventory bucket is already decent. Plus Marriott can exercise ROFR on most HHI inventory when it's resold, resulting in them acquiring inventory at comparatively lower prices and then conveying it to the DC Trust (rather than Marriott needing to offer enrollment of them to the resale buyers.)

    It won't be a surprise if we continue to see various creative enrollment offers from Marriott, but I don't think that the future success of the DC is going to require that enrollment of post-2010 resales be made available.
     
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