jimf41
TUG Member
Lately it seems there is an awful lot of Marriott bashing on the board. Most of it stems from the alleged changes in the trading system. Dave M. posted some pretty useful info in another thread and everything he said seemed ok to me.
Resales would be grandfathered in with little or no effect on their current trading status. After the alleged implementation date there MIGHT be new some restrictions on resale trading ability. This has led to some wild speculation that Marriott T/S's will plummet in value and all resale owners will be punished. I think it's best to wait and see what alleged changes occur, if and when they occur, before assuming that Marriott will ruin the value of ownership in a Marriott T/S. Bill Marriott did not build one of the world's leading hotel chains on the premise that you gouge the customer. People rarely return to a business where they feel they were cheated or mistreated.
Then there is the subject of Marriott sales reps being lowlife money grubbers who will say anything to make a sale. I've bought 5 Marriott T/S's between 2004 and 2006, all of them from the developer. The resale asking prices for those T/S's on this board and others range from what I paid to about a 20% profit. The salesman told me not to expect this. In fact he all but said they were not a financial investment and they were not the cheapest way to take a vacation. One sales rep, who I haven't bought anything from, actually helped me out quite a bit with the one I own in St Thomas. Thanks to his efforts I can now use my PLAT Plus week anytime in the whole Plat season. I go to the presentation every time it's offered and I haven't had one of these guys lie to me yet. Yes, they maximize the benefits of buying from Marriott and sometimes they misstate things but that is a far cry from outright lying. The last presentation I attended at OP the guy made a comment that Marriott was going to an internal trade system, no news there, but then he said that Marriott owns II anyway. I checked this doesn't seem to be correct but it didn't have any effect on whether or not I bought a T/S. That to me was a misstatement not a lie.
ROFR. Some folks seem to blast Marriott for this policy. I don't plan on selling anything I've bought so it doesn't really affect my current ownership. I'd like to buy another Marriott T/S and it seems that ROFR will make me pay more for a resale in the resorts that have ROFR but I'm still getting it way cheaper than developer price. In the resorts that don't have ROFR, like Frenchman's Cove, it seems that it's in the buyers favor. I'm still jealous of ICYDOG's purchase on another thread. This board is about Marriott owners and if you own one I don't see how ROFR could possibly hurt an owner.
In purchasing my timeshares from Marriott they have delivered everything they said they would. In turn I paid them the agreed upon price they asked. I'm happy with the product I purchased and they consider me a satisfied customer. I think that's pretty much the definition of a successful business transaction. I posted this because I think it's important to state that not everyone is unhappy with Marriott or their business practices. That said everybody have a happy New Year!
Resales would be grandfathered in with little or no effect on their current trading status. After the alleged implementation date there MIGHT be new some restrictions on resale trading ability. This has led to some wild speculation that Marriott T/S's will plummet in value and all resale owners will be punished. I think it's best to wait and see what alleged changes occur, if and when they occur, before assuming that Marriott will ruin the value of ownership in a Marriott T/S. Bill Marriott did not build one of the world's leading hotel chains on the premise that you gouge the customer. People rarely return to a business where they feel they were cheated or mistreated.
Then there is the subject of Marriott sales reps being lowlife money grubbers who will say anything to make a sale. I've bought 5 Marriott T/S's between 2004 and 2006, all of them from the developer. The resale asking prices for those T/S's on this board and others range from what I paid to about a 20% profit. The salesman told me not to expect this. In fact he all but said they were not a financial investment and they were not the cheapest way to take a vacation. One sales rep, who I haven't bought anything from, actually helped me out quite a bit with the one I own in St Thomas. Thanks to his efforts I can now use my PLAT Plus week anytime in the whole Plat season. I go to the presentation every time it's offered and I haven't had one of these guys lie to me yet. Yes, they maximize the benefits of buying from Marriott and sometimes they misstate things but that is a far cry from outright lying. The last presentation I attended at OP the guy made a comment that Marriott was going to an internal trade system, no news there, but then he said that Marriott owns II anyway. I checked this doesn't seem to be correct but it didn't have any effect on whether or not I bought a T/S. That to me was a misstatement not a lie.
ROFR. Some folks seem to blast Marriott for this policy. I don't plan on selling anything I've bought so it doesn't really affect my current ownership. I'd like to buy another Marriott T/S and it seems that ROFR will make me pay more for a resale in the resorts that have ROFR but I'm still getting it way cheaper than developer price. In the resorts that don't have ROFR, like Frenchman's Cove, it seems that it's in the buyers favor. I'm still jealous of ICYDOG's purchase on another thread. This board is about Marriott owners and if you own one I don't see how ROFR could possibly hurt an owner.
In purchasing my timeshares from Marriott they have delivered everything they said they would. In turn I paid them the agreed upon price they asked. I'm happy with the product I purchased and they consider me a satisfied customer. I think that's pretty much the definition of a successful business transaction. I posted this because I think it's important to state that not everyone is unhappy with Marriott or their business practices. That said everybody have a happy New Year!