So many things have happened since the 2017 ILG report was written.
That may be true, but it takes years to complete an acquisition, a build-out of an existing phase, or a brand new resort. Until it's official enough to be mentioned in their 10-K report, it should be taken with the proverbial grain of salt.
DannyTS said:
I think the salesperson was referring to the expected integration of MVC, Vistana and possibly Hyatt properties that would give access to Aruba, Costa Rica and San Diego to the Vistana owners. I am not sure about the other locations.
Expected by who? First of all, they already DO offer access to all those properties, via II. Beyond that, I don't see how it's in anyone's interest, be it TS owners or ILG, to spend tons of money and countless hours trying to integrate already complex systems into one. Vistana and Marriott already muddied their own waters by switching from deeded ownership to points ownership midstream, necessitating two distinct inventory pools. Can you even imagine trying to train an "ILG-integrated resorts" CSR to understand the "integrated" system...one that survived legal challenges for violating the Owner Agreements? Not only would it boggle their brains, but it would undoubtedly piss off large segments of owners.
"Let's see, ma'am, you want to book back-to-back weeks at Marriott Frenchman's Cove and Westin St. John? Well, if you're a former Marriott Chairman's Club member, you're entitled to book Marriott Frenchman's Cove at 13 months out, but you'll have to wait until 8 months to reserve WSJ, because we couldn't impede upon deeded owners' right to book their home resort up until 8 months out. And it'll cost you 2500 ILG points for the MFC week and 3500 for WSJ because back in the day, Marriott coded their week as shoulder season, while Starwood coded their week as platinum season. We tried to streamline the seasons, but were sued by the HOAs so now we have to keep the season intact, even though they make no sense.
Now, if you're a Marriott single-week points owner, you can book MFC at 13 months out if you pay a points premium, or you can book at 12 months out if you don't want to pay a premium. If you're an MFC deeded owner, you can book there at 12 months out. Otherwise, if you're a former Marriott single-week or Vistana single or multi-week owner, you have to wait until the exchange window opens at 10 months out. And good luck with that because Marriott multi-week owners already cherry picked all the good weeks at MFC!
Now, if you're a WSJ deeded fixed week owner, you have until 10 months out to confirm your week. If not, you have another 2 months to exchange to another week in your same regime at WSJ before anyone else can try and book there. If you're a Westin Club points owner, you can book WSJ at 12 months out, but you have to wait til 10 months out to book at MFC.
Now, if you're a deeded owner at any Vistana resort EXCEPT WSJ, and didn't buy from the developer, and didn't buy a mandatory resort on the resale market, you'll have to wait til 8 months out to book WSJ. But if you bought a voluntary resort on the resale market, it doesn't matter how many points your unit was assigned, you cannot exchange into any of the Vistana or Marriott properties, unless you paid $10,000 to buy into the ILG integrated system.
Alternatively, you can book at Westin Lagunamar in Cancun, which is worth 750 ILG points, which is what ILG deemed to be a fair valuation. Of course, that royally pissed off WLR platinum owners, who used to own a resort that had the same valuation as MFC and WSJ. But it could be worse: you could be a points owner at Vistana Villages or Marriott Grande Vista. They have a class action lawsuit against ILG over their valuations!"
Welcome to ILG. Our motto: "We're all one, big happy family."