Don't believe the transaction has much, if any, benefit to MVC owners.....
I believe the transaction benefits all MVC owners, simply because Marriott is now a more stable, healthier organization, and we need MVC to succeed.
- Stable recurring revenues (from exchange fees, rental of II inventory, and membership fees) help to reduce the dependence on asset sales.
- however because asset sales are the juice for MVC, there are now hundreds of thousands of new potential purchasers of points for Marriott. That can sustain MVC for the next 5-7 years as they work through Vistana owners. HGVC next.
I believe this transaction benefits all MVC owners because it opens up new travel destinations.
- Nassau
- St. John
- Kauai northside
- Cancun
- Cabo San Lucas
- Increased access to Phoenix
- Expanded opportunity for hotel conversions (Starwood hotels)
I believe this transaction benefits all MVC owners because MVC now controls II and they can be creative.
- Expand preference to Marriott & Starwood?
- Redeem Studio for points and deposit the 1BR into II?
- Mine owner trade history? Maybe I get a call from II one day telling me that a trade I’ve executed before is available - “last year you traded a Ko Olina Studio for a 1Br Park City in Fall. We’ve just received a Park City deposit with no matching trade request. Would you like it? If not do you want to buy [travel insurance/points/platinum membership]”
- maybe they send me an owner survey after a trade and ask me if I would like to be contacted for that scenario? And pay $49 for this option?
Of all of these things, the most important thing to me is the financial health of Marriott. I don’t mean stock price, I mean the health of the mother ship. We need a viable management company that manages our second home professionally and efficiently. I don’t mind being asked to pay extra fees to get extra stuff. Or I can choose to not pay the fees and keep my basic ownership (which I really like).
But i think there is benefit for all owners - MVC and Vistana alike.
Best,
Greg