I am not a betting man, but I might empty out my savings accounts against this one.In 4 days we will know for sure that the salesperson was lying. What are the odds they were telling the truth?
I am not a betting man, but I might empty out my savings accounts against this one.In 4 days we will know for sure that the salesperson was lying. What are the odds they were telling the truth?
I missed it. Why 4 days?In 4 days we will know for sure that the salesperson was lying. What are the odds they were telling the truth?
I just came back from a sales pitch and one of the things I was told was that starting Sept 1 the point requirements for the ownership tiers are changing.
I was shown a memo as proof, anyone else hear about this? It factored into a purchase I made, I'm still in my rescind period and want to make sure I wasn't just fed a story.
- Select will now start at 6000 and Chairman's club is going away
- Price per point is also going to be jumping quite significantly as they roll in Hyatt and the other acquisitions
I just came back from a sales pitch and one of the things I was told was that starting Sept 1 the point requirements for the ownership tiers are changing.
I was shown a memo as proof, anyone else hear about this? It factored into a purchase I made, I'm still in my rescind period and want to make sure I wasn't just fed a story.
- Select will now start at 6000 and Chairman's club is going away
- Price per point is also going to be jumping quite significantly as they roll in Hyatt and the other acquisitions
I missed it. Why 4 days?
I was told was that starting Sept 1 the point requirements for the ownership tiers are changing.
Did you get the impression he was hinting that you would have to have Trust points in your ownership in order for your enrolled weeks to count towards Ownership Benefit Levels, or did you feel he was implying that only Trust points would count toward the hot new ownership levels he was claiming were coming very soon.the rep indicated the owner levels and benefits were going to change a lot very soon, and we would not have the same benefits we have now (we are currently Chairman's Club, with 15K+ pts from our enrolled weeks). And, if we didn't buy trust points, we would NEVER be able to get into the Vistana/Hyatt/Westin properties when they are merged into the MVC system...whatever "merge" means. Both of these statements may be accurate, but that's ok with us, we're happy doing what we've been doing.
Did you get the impression he was hinting that you would have to have Trust points in your ownership in order for your enrolled weeks to count towards Ownership Benefit Levels, or did you feel he was implying that only Trust points would count toward the hot new ownership levels he was claiming were coming very soon.
That would be particularly galling because they have been pushing bundles recently, where you buy a deeded week resale from them, get the week enrolled and then also purchase trust points. Many of us paid substantial amounts to enroll our weeks. I don't see MVCI acting so as to create so much ill will among some of its best customers.Or is this is a hint that whatever MVC owner 'access' to the collective ILG properties will be limited to 'pure' trust points and not accessible w/enrolled week converted points. We've been hearing the threats that there will be meaningful differences in what pure trust points and enrolled week points owners can get access to for quite a while (without seeing meaningful differentiation). Could the ILG acquisition trigger the long cautioned 'parting of the ways' where the type of owned points actually becomes meaningful - as a vehicle to get people to buy more trust points?
I would certainly never make a purchase based on a memo. Unless that memo was somehow included in the contract allowing you to walk if it didn't come to fruition.I just came back from a sales pitch and one of the things I was told was that starting Sept 1 the point requirements for the ownership tiers are changing.
I was shown a memo as proof, anyone else hear about this? It factored into a purchase I made, I'm still in my rescind period and want to make sure I wasn't just fed a story.
- Select will now start at 6000 and Chairman's club is going away
- Price per point is also going to be jumping quite significantly as they roll in Hyatt and the other acquisitions
I doubt they would go down this path, but if they were to it could seriously disincent many enrolled weeks owners from electing their weeks for points, which could significantly reduce the available inventory for trust points owners / collective ILG properties qualifiers to access (especially in Europe and Asia) which I am sure is not what they would want.Or is this is a hint that whatever MVC owner 'access' to the collective ILG properties will be limited to 'pure' trust points and not accessible w/enrolled week converted points. We've been hearing the threats that there will be meaningful differences in what pure trust points and enrolled week points owners can get access to for quite a while (without seeing meaningful differentiation). Could the ILG acquisition trigger the long cautioned 'parting of the ways' where the type of owned points actually becomes meaningful - as a vehicle to get people to buy more trust points?
That would be particularly galling because they have been pushing bundles recently, where you buy a deeded week resale from them, get the week enrolled and then also purchase trust points. Many of us paid substantial amounts to enroll our weeks. I don't see MVCI acting so as to create so much ill will among some of its best customers.
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I doubt they would go down this path, but if they were to it could seriously disincent many enrolled weeks owners from electing their weeks for points, which could significantly reduce the available inventory for trust points owners / collective ILG properties qualifiers to access (especially in Europe and Asia) which I am sure is not what they would want.
Isn’t it only some sales people in MVC who have been “saying all along that only trust points (not enrolled week elected points) would have access to ‘new’ inventory”?It could be a disincentive for enrolled weeks owners to convert their weeks to points if they are among those that want to go to properties in the ILG portfolio (but I'm not sure how many there are in that sub-group compared to how many they can get to buy points based on this requirement to gain access). MVC has been saying all along that only trust points (not enrolled week elected points) would have access to 'new' inventory, but we haven't really seen a bright line distinction in what owners can reserve. I have both types of points, and I know I can't tell (so far). However, the ILG acquisition (from previous posts) has resulted in the formation of a 'new' points based land trust. If they wanted to draw a distinction, that would be as good a place to start as any IMHO.
We’ve thought about SVN but only because of the resort in Sedona (that’s where we would purchase) but didn’t buy because we don’t want to return every year and, their product doesn’t have enough locations for internal exchanging that we felt the cost was worth it to us.
Sure I’d LOVE to have internal access to the Hyatt in Sedona. I think we’d even likely go to Key West at least once if we have internal access. But I’m not about to spend tens of thousands of dollars on a kiss and a promise........or a threat, from some salesman making promises which amount to their version of the speculation we read on TUG.
Isn’t it only some sales people in MVC who have been “saying all along that only trust points (not enrolled week elected points) would have access to ‘new’ inventory”?
I have never seen or heard this from MVC corporate or even at any of the sales presentations I have been to.
I find it difficult to believe that MVC would remove existing benefits or levels. Why would any of us trust them in the future if they eliminated something that we earned from our previous MVC investments? I wouldn't be surprised if they offer additional incentives and benefits for a new higher level of membership, but I really don't think current ones would go away or be devalued. If they did this, I would sell most of my MVC portfolio and never do business with the company in the future.
Yes indeed, I too have read all those posts.I'm pretty sure over the last 9 years that I have seen posts from members discussing how sales has been presenting the argument that even pre-2010 enrollable weeks owners needed to buy trust points to "supercharge" what they have and ensure their ability to access new resort inventory. We've certainly been told that many times at many different sales centers over the last several years. I'm not convinced that it couldn't someday become a reality. Even in the governing documents, there is a differentiation between a 'Direct Member' (who owns pure trust points) and an 'Exchange Member' (who owns enrolled weeks). MVC has differentiated ownership types since the roll-out of the DC. However, in practice, both types of memberships have appeared to operate the same w/no obvious differences in inventory access. Because it has been that way, doesn't mean it has to stay that way given the language (unless someone interprets these membership types differently). I see nothing preventing MVC from at some point stating "X inventory will be available to Direct Members only" (meaning accessible only through pure trust points).
They may never do it. My only point was that the 'new' ILG inventory provides a window to do it (if they chose to).
The original post indicated that ...'Chairmans club was going away', .Removal of which existing benefits or levels are you referring to?
Did you get the impression he was hinting that you would have to have Trust points in your ownership in order for your enrolled weeks to count towards Ownership Benefit Levels, or did you feel he was implying that only Trust points would count toward the hot new ownership levels he was claiming were coming very soon.
If you buy on the resale mkt and pay all the Marriott fees, are you enrolled as a points member the same as if you bought through Marriott sales, or are there restrictions I'm not aware of.Bunch of lies. If it was a true memo, they would have given to us copy.