Bunk
TUG Member
I had an owner's update at Frenchman's Cove. We own a week which gives us about 2,800 destination points and are happy using that week. I signed up for the owners talk after telling the concierge to make a note that I had no intention of buying.
The thrust of the argument was two fold:
1. First, prices are only going to go up. I told them that the more units they sold, the happier I was, because it produces more owners who want to rent points because they can't use them.
2. Second point, was that it is very important to buy more points in order to get to the 4,000 level. The new system will be structured so that regular owners who own under 4,000 points will only have access to any Vistana, Sheraton, Westin and Hyatt product through Interval while Select Owners and above will have access directly through the Trust. They said that Hyatt timeshares will be definitely part of this new system that is being developed.
3. The representative with whom we first met was very nice. The Closer was abrasive. He asked why I had come, and I said for the reward, but would listen to and consider his best offer. He asked what I wanted from him, and said that I was waiting for him to make his best offer and would let him know promptly whether I would accept it. He said prices were going up. He said we would have a lot of problems having access to existing Destination Club facilities in the future and even more having access to the other timeshare systems that the Trust would acquire. I said if I wanted to buy Destination points, I would buy from a current owner and it would cost less even if Marriott adds the junk fees to the price. He told me "Good luck with that" and said that I didn't have to speak with the third person who was supposed to meet with me.
4. Meeting with the first representative was about an hour, most of which was spent talking about places to visit. Meeting with the Closer was about 5 minutes.
The thrust of the argument was two fold:
1. First, prices are only going to go up. I told them that the more units they sold, the happier I was, because it produces more owners who want to rent points because they can't use them.
2. Second point, was that it is very important to buy more points in order to get to the 4,000 level. The new system will be structured so that regular owners who own under 4,000 points will only have access to any Vistana, Sheraton, Westin and Hyatt product through Interval while Select Owners and above will have access directly through the Trust. They said that Hyatt timeshares will be definitely part of this new system that is being developed.
3. The representative with whom we first met was very nice. The Closer was abrasive. He asked why I had come, and I said for the reward, but would listen to and consider his best offer. He asked what I wanted from him, and said that I was waiting for him to make his best offer and would let him know promptly whether I would accept it. He said prices were going up. He said we would have a lot of problems having access to existing Destination Club facilities in the future and even more having access to the other timeshare systems that the Trust would acquire. I said if I wanted to buy Destination points, I would buy from a current owner and it would cost less even if Marriott adds the junk fees to the price. He told me "Good luck with that" and said that I didn't have to speak with the third person who was supposed to meet with me.
4. Meeting with the first representative was about an hour, most of which was spent talking about places to visit. Meeting with the Closer was about 5 minutes.