liz_kevin
newbie
We have an ownership in two (2) Marriott Vacation Clubs and have been pleased with our access to Hawaiian properties to date. On our last visit, MVC explained that this will stop soon as 2/3 of Marriott Legacy Owners (deeded weeks) have joined the Destination Club Points Program and as a result we will no longer have access to busier times of the year and more sought-after locations. Our units are challenged in that they are either off-season or smaller 1 bedroom, yet we have benefitted. Have we just been lucky?
MVC has been suggested we join the DC program and purchase points to bring us to a Premier status with the points from our existing units. It is fairly costly for the upfront costs and then the additional maintenance. Really, we are unsure of the real benefit, if any?
Two years ago we were told we would suffer and yet definitely have not, in fact we have done better! However, if 2/3 of MVC owners have converted, in addition the Marriott's own unsold inventory being placed in the Trust, we are concerned that we will lose out and to gain access to the DC program at a later date will be far more costly.
Also, we are apprehensive in how the program will be administered, i.e. that points required at certain resorts and at certain times of year and for certain units will fluctuate/increase in the future, meaning our available points will lose value, as more will be required to secure that which we want? I have been told by MVC that this is not the case, that the units in the Trust have a fixed point value and this cannot change. In small print I understood that owners could vote on number of points that various units and times of year require and as long as total DC points for the total annual inventory at the resort are reconciled, meaning if something goes up, something else should equally come down it's allowed. The reality... 3,500 points cost approximately $34K plus maintenance, another $1500, which has no fixed cap. Also the points have no real exit or liquidity available. There were some incentives offered, yet they equal maybe 10 to 15 nights at Marriott properties; the value of which will be used in the first year or two. We have a couple of days to rescind our agreement... Thoughts? Is this a good situation? Thanks in advance for your comments.
MVC has been suggested we join the DC program and purchase points to bring us to a Premier status with the points from our existing units. It is fairly costly for the upfront costs and then the additional maintenance. Really, we are unsure of the real benefit, if any?
Two years ago we were told we would suffer and yet definitely have not, in fact we have done better! However, if 2/3 of MVC owners have converted, in addition the Marriott's own unsold inventory being placed in the Trust, we are concerned that we will lose out and to gain access to the DC program at a later date will be far more costly.
Also, we are apprehensive in how the program will be administered, i.e. that points required at certain resorts and at certain times of year and for certain units will fluctuate/increase in the future, meaning our available points will lose value, as more will be required to secure that which we want? I have been told by MVC that this is not the case, that the units in the Trust have a fixed point value and this cannot change. In small print I understood that owners could vote on number of points that various units and times of year require and as long as total DC points for the total annual inventory at the resort are reconciled, meaning if something goes up, something else should equally come down it's allowed. The reality... 3,500 points cost approximately $34K plus maintenance, another $1500, which has no fixed cap. Also the points have no real exit or liquidity available. There were some incentives offered, yet they equal maybe 10 to 15 nights at Marriott properties; the value of which will be used in the first year or two. We have a couple of days to rescind our agreement... Thoughts? Is this a good situation? Thanks in advance for your comments.
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