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ROFR metric / Ongoing ROFR Activity

Passed ROFR, 3 BR, MOC Lahaina, fixed week 32, 47k. It took 6 days, including the weekend. Using Syed as my broker. I put it in the data base.

I will soon join your club of TS owners. No flaming over our decision, please. It was a perfect week for us and I am not in the life stage where I want to have to call at just the right time hoping to get a week I need for the grandkids. I did weeks of reading here on TUG before we made our decision how to proceed. Thanks to all of you for your posts and guidance.

Interesting that we still have a Marriott encore stay to use at MOC, but we will be there as educated owners for the poor salesman that draws us.

Any other week 32 owners, please send me a pm if you want to connect next year.

Pam
 
Pam, congratulations on your purchase, that is a terrific week to own! What unit and floor did you purchase?

Best,

Greg
 
I received notice that my Grande Vista 3 bedroom platinum passed ROFR at $4,000. I'm looking forward to having my first Marriott added to my portfolio.
 
GM600 said:
I received notice that my Grande Vista 3 bedroom platinum passed ROFR at $4,000. I'm looking forward to having my first Marriott added to my portfolio.
Click to expand...
That's a pretty good price for an annual 3Bed Plat. My annual 3Bed gold passed for around $1600-$1900 (not sure what was on the waiver). Congrats on the purchase!
 
Marriott just exercised ROFR on me. Maui Ocean Club (original towers), odd year usage, ocean view, 2-bedroom, $6,500.
 
csodjd said:
Marriott just exercised ROFR on me. Maui Ocean Club (original towers), odd year usage, ocean view, 2-bedroom, $6,500.
Click to expand...

Is that good or bad? What are the implications when they exercise ROFR? Are you the buyer or seller?
 
Hankmoon said:
Is that good or bad? What are the implications when they exercise ROFR? Are you the buyer or seller?
Click to expand...

Generally speaking...

Seller - Gets what they asked for the week
Buyer - Loses the deal
ROFR - Tends to set the minimum market price for the week, at that point in time.

Interesting that it's this late in the year, as prior threads suggest Marriott has a budget for ROFR, which may be reduced late in the year.

The last ROFR.net reported sale was last December, which passed at $7000.
Maui Ocean Club - Molokai, Maui and Lanai Wings 12/16/2016 Platinum EOY 2BR Ocean View $7,000.00 Passed 5infam
 
TXTortoise said:
Generally speaking...

Seller - Gets what they asked for the week
Buyer - Loses the deal
ROFR - Tends to set the minimum market price for the week, at that point in time.

Interesting that it's this late in the year, as prior threads suggest Marriott has a budget for ROFR, which may be reduced late in the year.

The last ROFR.net reported sale was last December, which passed at $7000.
Maui Ocean Club - Molokai, Maui and Lanai Wings 12/16/2016 Platinum EOY 2BR Ocean View $7,000.00 Passed 5infam
Click to expand...

So I guess this means Marriott wanted the deal to be at least $7000.
 
TXTortoise said:
Generally speaking...

Seller - Gets what they asked for the week
Buyer - Loses the deal
ROFR - Tends to set the minimum market price for the week, at that point in time.

Interesting that it's this late in the year, as prior threads suggest Marriott has a budget for ROFR, which may be reduced late in the year.

The last ROFR.net reported sale was last December, which passed at $7000.
Maui Ocean Club - Molokai, Maui and Lanai Wings 12/16/2016 Platinum EOY 2BR Ocean View $7,000.00 Passed 5infam
Click to expand...
That was sort of what I was banking on in offering $6500. It was close to the $7000 that passed, and late in the year. I also considered that if they exercise, which they did, and don't get it sold quickly, they "eat" the 2018 MF. Allowing it to go through meant they would have gotten the 2018 payment from me. Nonetheless, I was advised yesterday that they were exercising. (I was the buyer.)
 
csodjd said:
That was sort of what I was banking on in offering $6500. It was close to the $7000 that passed, and late in the year. I also considered that if they exercise, which they did, and don't get it sold quickly, they "eat" the 2018 MF. Allowing it to go through meant they would have gotten the 2018 payment from me. Nonetheless, I was advised yesterday that they were exercising. (I was the buyer.)
Click to expand...
Marriott won't turn around and sell that week. They will convey it to the DC trust and sell the points allocated to it. It is a big chess game of moving pieces and they either get the MF money from trust owners or they monetize the points and rent available inventory. They won't end up 'eating' the MFs.
 
dioxide45 said:
Marriott won't turn around and sell that week. They will convey it to the DC trust and sell the points allocated to it. It is a big chess game of moving pieces and they either get the MF money from trust owners or they monetize the points and rent available inventory. They won't end up 'eating' the MFs.
Click to expand...
So, basically, they buy it from a weeks owner and drop it into their DC points inventory, making one less unit available for a weeks owner to use.
 
csodjd said:
So, basically, they buy it from a weeks owner and drop it into their DC points inventory, making one less unit available for a weeks owner to use.
Click to expand...
But it also takes away one person vying for a weeks reservation. It likely decreases exchange inventory but doesn't make much difference on direct reservations.
 
csodjd said:
That was sort of what I was banking on in offering $6500. It was close to the $7000 that passed, and late in the year. I also considered that if they exercise, which they did, and don't get it sold quickly, they "eat" the 2018 MF. Allowing it to go through meant they would have gotten the 2018 payment from me. Nonetheless, I was advised yesterday that they were exercising. (I was the buyer.)
Click to expand...

Did you really want it or did you not really care if you got it? If you really wanted it, paying $500 extra over the life of the ownership would have been minimal.
 
Hankmoon said:
Did you really want it or did you not really care if you got it? If you really wanted it, paying $500 extra over the life of the ownership would have been minimal.
Click to expand...
Good point. And I decided I didn't really care. I was buying it mostly just to gain access to the 13 month reservation window to go along with my OF 2-bedroom Napili. But I realized that, after 2019, my youngest is out of high school and I don't have to worry about scheduling spring break or summer vacation, we can go any time. So, what the heck.
 
csodjd said:
Good point. And I decided I didn't really care. I was buying it mostly just to gain access to the 13 month reservation window to go along with my OF 2-bedroom Napili. But I realized that, after 2019, my youngest is out of high school and I don't have to worry about scheduling spring break or summer vacation, we can go any time. So, what the heck.
Click to expand...

If you want access to the 13 month reservation window you can buy any unit and rent it out for above break even or use it as a misc trader.
 
Saintsfanfl said:
If you want access to the 13 month reservation window you can buy any unit and rent it out for above break even or use it as a misc trader.
Click to expand...
True. I was after the middle ground... a unit that would be easily rentable, but also one that would be nice to have/use ourselves if we wanted. An OV two-bedroom in the older buildings seemed a good fit for that. Awfully easy to rent that for MF or more, and not awful to stay in or put family into either.
 
Passed ROFR. $2.50 per point destinations program.
 
Steve Fatula said:
Passed ROFR. $2.50 per point destinations program.
Click to expand...
Nice....you are the second one in this price range I have read about....way to slip one past the ROFR goalie!!!
 
I don't think it was luck, just organized things a little differently.
 
Change your name to protect the innocent (steve) and tell us what you did to pass rofr?
 
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