TUG MEMBERS: Joining TUG does not automatically register you as a user of the TUG Bulletin Board. You must register yourself.


*ads are disabled when logged in as a member*
  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.
  2. The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 25 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
    Dismiss Notice
  3. TUG has now saved timeshare owners more than $11,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $11Million dollars
    Dismiss Notice
  4. Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
    Dismiss Notice
  5. TUG is trying out a new program that will trade you a TUG membership for a Timeshare resort review if you are an expired member, or even just a guest here on the forums!

    Read more here
    Dismiss Notice
  6. Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
    Dismiss Notice
  7. Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
    Dismiss Notice
  8. TUG has now joined Priceline.com as an affiliate!

    Members and guests who book air travel, rental cars and even Cruise Vacations thru TUG's priceline links will now support TUG in the process!

    Read more here
  9. A few of the most common links here on the forums for newbies and guests!
    Dismiss Notice

ROFR metric / Ongoing ROFR Activity

Discussion in 'Marriott Vacation Club' started by GregT, May 5, 2015.

  1. TXTortoise

    TXTortoise TUG Member

    Joined:
    Sep 4, 2005
    Messages:
    606
    Likes Received:
    171
    Trophy Points:
    253
    Location:
    San Antonio, TX
    Resorts Owned:
    Maui Ocean Club
    MOC Lahaina (x3)
    Vail Streamside Birch
    So, if the 3BR sold for $35K, at 10,500 DPs, that's $3.30/point, which I think is just under the thresholds discussed earlier in this thread. Looks like $40K might be the minimum for a 3BR now, though maybe influenced by 2019 ROFR budget...which is an unknown at this point.
     
    Last edited: Jan 3, 2019
  2. GregT

    GregT TUG Member TUG Member

    Joined:
    Jul 19, 2007
    Messages:
    6,201
    Likes Received:
    468
    Trophy Points:
    368
    Location:
    Carlsbad, CA
    Resorts Owned:
    Marriott: Maui Ocean Club Lahaina Villas (3BRx5), Ko Olina, Shadow Ridge II, Willow Ridge, DC Points HGVC: HHV Lagoon, Flamingo, Sea World, I-Drive, Starwood Bella (x4), SDO, Aulani, Worldmark

    I agree with Steven -- that's surprising that this was ROFR'd. I guess Steven and I were really lucky to slip ours past the goalie if the door is closing. My last one was $35K and I think his was about the same, for better weeks than Week 46.

    We may see a newly evolving Marriott world where the very best weeks are ROFR'd and Trusted with less sensitivity to the sale price. Interesting and thanks for posting this.

    Best,

    Greg
     
  3. JIMinNC

    JIMinNC TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    2,375
    Likes Received:
    990
    Trophy Points:
    324
    Location:
    Marvin, NC (Charlotte suburb)
    Resorts Owned:
    Marriott's Maui Ocean Club, Hawaii
    Marriott's Barony Beach Club, Hilton Head
    Marriott Destination Club Trust Points
    HGVC at Sea World
    Don't you mean $3.33/point instead of .33?
     
  4. TXTortoise

    TXTortoise TUG Member

    Joined:
    Sep 4, 2005
    Messages:
    606
    Likes Received:
    171
    Trophy Points:
    253
    Location:
    San Antonio, TX
    Resorts Owned:
    Maui Ocean Club
    MOC Lahaina (x3)
    Vail Streamside Birch
    Yup... corrected.
     
  5. hajjah

    hajjah Tug Review Crew: Rookie TUG Member

    Joined:
    Jun 8, 2005
    Messages:
    1,069
    Likes Received:
    25
    Trophy Points:
    258
    Resorts Owned:
    Marriott Grande Vista
    (2) Cocoa Beach, FL
    Marriott's Shadow Ridge Enclaves
    Final Update: I received the email notice from Marriott today. The transfer of ownership at MARRIOTT SHADOW RIDGE ENCLAVES has been completed. This is not bad for an Ebay purchase of $1. I had given up for a while on getting anything on Ebay, but this purchase proves that all things are possible. The owner paid all fees.
     
    vol_90 and amy241 like this.
  6. csodjd

    csodjd TUG Member

    Joined:
    Jul 4, 2017
    Messages:
    246
    Likes Received:
    96
    Trophy Points:
    88
    Resorts Owned:
    Hilton Hawaiian Village - Lagoon Tower
    FYI, Marriott just exercised their ROFR on my $29,100 offer (seller to pay closing costs) for a 2-bedroom Oceanfront Marriott Maui Ocean Club, Lahaina Tower, annual floating week.
     
  7. amy241

    amy241 TUG Member

    Joined:
    Feb 5, 2017
    Messages:
    135
    Likes Received:
    16
    Trophy Points:
    79
    Resorts Owned:
    HGVC Sanibel Cottages (Affiliate)
    Marriott Ko ‘Olina
    Bummer!
     
  8. JIMinNC

    JIMinNC TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    2,375
    Likes Received:
    990
    Trophy Points:
    324
    Location:
    Marvin, NC (Charlotte suburb)
    Resorts Owned:
    Marriott's Maui Ocean Club, Hawaii
    Marriott's Barony Beach Club, Hilton Head
    Marriott Destination Club Trust Points
    HGVC at Sea World
    Wow. Means it would take $30K+ to secure a 2BR OF. With a point value of 7475, when those are added to the Trust, they will have cost MVC $3.89/point.
     
  9. TXTortoise

    TXTortoise TUG Member

    Joined:
    Sep 4, 2005
    Messages:
    606
    Likes Received:
    171
    Trophy Points:
    253
    Location:
    San Antonio, TX
    Resorts Owned:
    Maui Ocean Club
    MOC Lahaina (x3)
    Vail Streamside Birch
    Wow! I’d started to assume it was going to take $35k, or $40k to safely clear in the future. I wonder if early in the year budget influences these or is it really a $/point threshold of $4.

    Eagerly awaiting to see the next MOC 2BR OF old building sale threshold. A number of those on the market at $20k or so.

    And for clarity, you got it for $28k and added closing to contract making it $29,100, which is what Marriott paid.

    (Just a datapoint addendum...spoke to broker that had a listing of three MOC 2BR OF floating weeks at $60K. Seller accepted $54K and Marriott took them, not unexpectedly at $18K each. $18K was super low price even two years ago.)
     
    Last edited: Jan 11, 2019
  10. JIMinNC

    JIMinNC TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    2,375
    Likes Received:
    990
    Trophy Points:
    324
    Location:
    Marvin, NC (Charlotte suburb)
    Resorts Owned:
    Marriott's Maui Ocean Club, Hawaii
    Marriott's Barony Beach Club, Hilton Head
    Marriott Destination Club Trust Points
    HGVC at Sea World
    The more of these ROFR exercises I see, I'm feeling better and better about our little EOY-Odd 2BR OV MOC original building we got past ROFR at $8,000 almost exactly one year ago. I can't even remember seeing another EOY-Odd 2BR OV even listed since then.

    Looking forward to our trip in less than two months! First time back to Hawaii since 2011!
     
    Last edited: Jan 10, 2019
  11. MOXJO7282

    MOXJO7282 Tug Review Crew: Rookie TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    4,695
    Likes Received:
    434
    Trophy Points:
    319
    Very surprising.
     
  12. csodjd

    csodjd TUG Member

    Joined:
    Jul 4, 2017
    Messages:
    246
    Likes Received:
    96
    Trophy Points:
    88
    Resorts Owned:
    Hilton Hawaiian Village - Lagoon Tower
    Seller wanted buyer to pay closing (of course). I asked the agent if he had any understanding of what has passed ROFR recently. He said he thought one passed at $28k. So I said, okay, then I'll offer $29,100 if seller pays closing (thinking that would create a little cushion on the ROFR). I don't know if Marriott is paying that or if the adjust for closing, recognizing that the gain to the seller would only be $28k after closing costs.
     
  13. csodjd

    csodjd TUG Member

    Joined:
    Jul 4, 2017
    Messages:
    246
    Likes Received:
    96
    Trophy Points:
    88
    Resorts Owned:
    Hilton Hawaiian Village - Lagoon Tower
    I currently have an EOY-Odd OF 2-Bed in the new buildings. I've been looking for an even year to turn it into an annual in effect, but haven't seen one come up over the past year or so. So, I thought I'd just buy an annual and either rent out the odd-year or stay for a couple of weeks every other year (not such a bad deal... in fact, with lock off could stay for a month, but if I did that I'm not sure I'd be able to extract my wife back into the real world). I paid $13.5k for the EOY-Odd a couple of years back. That tells me prices are MOC are holding steady or going up!
     
  14. mjm1

    mjm1 TUG Review Crew: Veteran TUG Member

    Joined:
    Jul 10, 2008
    Messages:
    2,184
    Likes Received:
    325
    Trophy Points:
    293
    Location:
    Las Vegas, NV
    Resorts Owned:
    Marriott: Desert Springs Villas I, Ko Olina (EOY), Maui Ocean Club- Lahaina Villas, Newport Coast Villas, Destination Club Points;
    Westin Kierland Villas- Annual & EOY
    We recently bought a Platinum Newport Coast Villas unit which passed ROFR for $7,800 and the seller paid the closing costs. It was listed for $7,500 plus closing costs and I proposed the final arrangement which was accepted. I added it to the database. We debated adding this resort, which we love, to our portfolio, but decided to move forward so we can escape the summer heat in Las Vegas. Looking forward to it.

    Best regards.

    Mike
     
    taffy19 likes this.
  15. MOXJO7282

    MOXJO7282 Tug Review Crew: Rookie TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    4,695
    Likes Received:
    434
    Trophy Points:
    319
    I looked back and in 2017 I bought the same unit and it passed at $19,700. It's very interesting to see when and where they executed ROFR. From what I've seen it is sometimes hard to figure out the rhythm or reason.
     
  16. JIMinNC

    JIMinNC TUG Member

    Joined:
    Jun 6, 2005
    Messages:
    2,375
    Likes Received:
    990
    Trophy Points:
    324
    Location:
    Marvin, NC (Charlotte suburb)
    Resorts Owned:
    Marriott's Maui Ocean Club, Hawaii
    Marriott's Barony Beach Club, Hilton Head
    Marriott Destination Club Trust Points
    HGVC at Sea World
    It can definitely be somewhat unpredictable, but from this thread it definitely seems they have been much more aggressive in buying back at higher prices for the last year or so. That fits with what senior management has been telling investment analysts during their quarterly earnings conference calls - inventory repurchase is their main strategy now to build lower. most inventory for resale in the trust, more so than new property construction, which is higher cost. Until we have a true economic slowdown, the days of cheap prime weeks may be over for a while.
     
  17. TXTortoise

    TXTortoise TUG Member

    Joined:
    Sep 4, 2005
    Messages:
    606
    Likes Received:
    171
    Trophy Points:
    253
    Location:
    San Antonio, TX
    Resorts Owned:
    Maui Ocean Club
    MOC Lahaina (x3)
    Vail Streamside Birch
    Mox, I believe your eBay $19K Lahaina and the $17K MOC by Hangloose, both 2BR OF, were the lowest I remember since 2017 for MOC, until you go back to 2013 on ROFR.net.

    For folks that want out of their weeks, at least at MOC, a new strategy might be finding a buyer that wouldn't mind getting a week cheap, but if it got ROFR'd they wouldn't really care....sell a bit below market, but above a giveaway price and basically target Marriott as the buyer. I bet the three or four listed on Redweek for under $25K could do that and even save their broker fees going direct. Just have to find a 'buyer'.
     
  18. csodjd

    csodjd TUG Member

    Joined:
    Jul 4, 2017
    Messages:
    246
    Likes Received:
    96
    Trophy Points:
    88
    Resorts Owned:
    Hilton Hawaiian Village - Lagoon Tower
    Let me put a different twist on this. Let's assume there are 2 or 3 for sale at $28k. It would make no sense for Marriott not to just buy those as opposed to exercising a ROFR at $30k. So, one would hope buyers would not bite at those ROFR setups. Seems to me the key to getting past ROFR would be to have a sale for more than the lowest on the market. I wonder if Marriott ever just buys right off the Redweek for sale list? If you're Marriott, why not just offer someone selling for $28k about $27k, rather than a ROFR at $29k?
     
  19. csodjd

    csodjd TUG Member

    Joined:
    Jul 4, 2017
    Messages:
    246
    Likes Received:
    96
    Trophy Points:
    88
    Resorts Owned:
    Hilton Hawaiian Village - Lagoon Tower
    Really? $19,700? For a 2-bed OF Lahaina/Napili annual unit? That's a great buy!
     
  20. hangloose

    hangloose Guest

    Joined:
    Aug 8, 2012
    Messages:
    733
    Likes Received:
    110
    Trophy Points:
    103
    Location:
    NC
    Resorts Owned:
    Marriott's Grande Vista (x2)
    Marriott's Maui Ocean Club
    Marriott's Ko Olina Beach Club
    Marriott's Ocean Pointe
    I think Marriott ROFR will ebb and flow. Appears MVCI is picking up a lot of weeks recently via ROFR, especially high value weeks like Hawaii. A few years ago they were not. When I purchased my MOC a couple years ago as Ralph indicated, I felt at that time that I got a 'fair' price. Not a steal but not bad price either. Watching ROFR over the past year has made me feel a bit better about my purchase given recent ROFR trends are much higher. I suggest those looking to purchase MOC, either keep trying at reasonable price points to pass ROFR...or rent for a year and try and purchase at a later point when ROFR slows. It will happen eventually.
     
  21. TXTortoise

    TXTortoise TUG Member

    Joined:
    Sep 4, 2005
    Messages:
    606
    Likes Received:
    171
    Trophy Points:
    253
    Location:
    San Antonio, TX
    Resorts Owned:
    Maui Ocean Club
    MOC Lahaina (x3)
    Vail Streamside Birch
    I got my MOC 2BR OF at about the same time for $18K and was real happy, particularly as EOY weeks were maybe $10-$12K, if I remember correctly.
     
  22. vol_90

    vol_90 TUG Member

    Joined:
    Nov 17, 2018
    Messages:
    20
    Likes Received:
    18
    Trophy Points:
    53
    Location:
    Dhaka
    Resorts Owned:
    Marriott Phuket Beach Club, Marriott Canyon Villas, MVCI Trust & Asia Pacific Points
    Just received notice that I passed Marriott ROFR on an Annual Desert Springs Villas II White season week for $0 plus closing fees (found on Redweek). Marriott exercised ROFR on a $1 price for the Marriott Legends Edge Platinum week on 12/19/18.
     
    GregT and klpca like this.
  23. Dean

    Dean TUG Member

    Joined:
    Jun 7, 2005
    Messages:
    3,817
    Likes Received:
    352
    Trophy Points:
    318
    With the higher fees right now at LE, that was likely a blessing they took it.
     

Share This Page