I hope that is what it is.A 5% uptick + an OTO hurricane fee of $140 would get you to that ending number.
I also heard Maui is up 4.9%
Just think what impact this has on all those of us who own 10+ weeks!Even an increase of 5% is high IMO. Back when MFs were < $1000 a 5% increase wasn't so bad, but now that they are approaching $1500 at the two properties we own, 5% isn't so great. Though a 5% growth in MFs also means a 5% growth in management fee income for Marriott. That looks good to their investors.
Just think what impact this has on all those of us who own 10+ weeks!
This is probably just a British phrase, but as we say:-LOL. If I could afford to buy 10+ units and then pay the annual MF on them, one of the last things I would be worried about is a 5% increase in those MF!
The primary driver of DC Point MF’s is the MF’s of the underlying weeks with some DC administrative expenses and compensation for short night stays added.Just brainstorming, but maybe the inflection point is where legacy week MFs become close to the MFs for DPs. I think most legacy week MFs are still significantly less than for DP value at the same resort so it might take a while for that to occur, particularly if DP MF increases grow at the same or greater percentage than legacy weeks.
Looking at the various values for all resorts from Stephen’s spreadsheet might be an interesting exercise.
That’s really Marriotts ultimate objective, right? To have everyone on DPs and no legacy week ownership.
Would seem to be something they have modeled with a 20-30 year horizon as the current legacy owners age out and more weeks are given back or ROFR’d to the Trust.
I wish I could do that, I stopped tracking the individual weeks in the trust a while ago. So there are a few years of conveyances that I don't have captured.Dioxide just needs to let us know how many weeks in each season, for each resort, are in the trust.
Understood, which makes it a somewhat more intriguing exercise. Dioxide just needs to let us know how many weeks in each season, for each resort, are in the trust.
If all weeks from all resorts were in the trust, what would the DP MF be.
Are DP MFs high on a per point basis, compared to legacy, because of the mix in the trust?
4.85%, to be precise (just paid). The increase is lower than last year's (4.92%), so I can't complain.I also heard Maui is up 4.9%
Yes and agreed not horrible but still not palatable. If they could keep it to 3% I can be OK with that and manage it but 5% every year hurts.4.85%, to be precise (just paid). The increase is lower than last year's (4.92%), so I can't complain.
Looks like the Grande Ocean is up 5.61% this year. At less than $1500 for a week I still think a very good value but if it is going to go up every year when does it become not worth it and the whole system goes under.
I liken it to college tuition. It has to go down at some point, right? There’s going to be a point where people simply can’t/won’t afford the fees.Yes and agreed not horrible but still not palatable. If they could keep it to 3% I can be OK with that and manage it but 5% every year hurts.
Looks like the Grande Ocean is up 5.61% this year. At less than $1500 for a week I still think a very good value but if it is going to go up every year when does it become not worth it and the whole system goes under.
. For what I pay in MF there is absolutely no resort in MB with the same amenities that offers more bang for the buck. I’ve rented many weeks at different locals in MB over the years and in all cases they were of a lesser quality at a higher rental price than what my MF are.