[2007] ROFR Information

[dioxide45]

I am happy to report that the resort seach feature issues have been corrected. You should now be able to perform a search by resort and actually have only that resort returned in the results instead multiple resorts.

I will be working on an advanced search feature in the future that will provide more search options.

 

[jancurious]

Wow Dioxide! Your site is really great & such a benefit to all of us. Thank you so much for your efforts!

All you need now is to add a few Google ads on the side to supplement your income. I'm serious! You really deserve it!

Jan

 

[JimC]

Nice database. Just added Aruba Ocean Club where MVCI exercised ROFR.

 

[chkvtzn]

Does anyone have any recent sales info on platinum Ocean Pointe to add?

Perhaps a link to this website should be added to the Marriott sticky.

 

[Dave M]

Good idea! I have added a link in the ROFR part of the FAQ sticky.

 

[JimC]

As a ROFR seller I find MVCI's process to be cumbersome. Several weeks after exercising on the ROFR they send you a new contract to sign. So they really do not step into the buyer's position other than to give you the same net as the original contract stated.

I did not think it worth the effort to push the issue, but it is certainly a foreign interpretation of ROFR from what I am accustomed to. Now I have to wait for MVCI corporate closing group to process this. I hope they have improved their performance from the last time I dealt with them.

 

[Dave M]

Jim -

Most of Marriott's ROFR provisions, as contained in individual resort CC&Rs, require that Marriott, if it chooses to exercise ROFR, must do so on the same terms as in the third party offer you agreed to. Thus, you might consider, if you sell (or purchase!) another Marriott timeshare, including a clause that requires closing within a certain period of time (e.g., six weeks) and stating that time is of the essence. Since Marriott controls the entire closing process when it exercises its ROFR, it should have no excuse for failing to close timely.

 

[minoter]

If this data base is kept current, the resale and ROFR information will be helpful. Thanks for setting up the web site.

I have emailed the site address to the nearly 400 members of the Ocean Pointe Yahoo news group.

 

[thinze3]

Aruba

Sure looks like Marriott is gobbling up the Aruba resorts!

 

[TSResalez]

I have created and put online a website where you can post your ROFR information. The address is http://dioxide45.tripod.com/rofr.html .

Due to this just being in its infancy, I have limited it just to Marriott properties for the time being. Doing this will help test out the database.

ROFR experiences are entered directly on the website via a form and are updated instantly to the database. I will be able to maintain and administer the list. I used this same type of website several years ago for a newsgroup that I was subscribed to.

Please feel free to add your ROFR information (old and new) and we can see how this works. If popular enough, I can modify it to include other TS companies.

Test away and please post here any issues that you discover or comments/suggestions that you might have.

Do note that Tripod and not I provide the advertisements on the site.

http://dioxide45.tripod.com/rofr.html

Thanks.

is there any form of preventing someone from putting false information on there? I wish I would have bought and had ROFR pass on some of those prices...

 

[thinze3]

As the prices continue to go up, in 3-5 years you'll be saying the same thing about today's prices. IMO

 

[dioxide45]

is there any form of preventing someone from putting false information on there? I wish I would have bought and had ROFR pass on some of those prices...

There are no edits in the database preventing anyone from inputting false information. If something looks to be incorrect, I contact the person who posted it (if they provided an e-mail address) to confirm their information.
This list is intended as a tool for people to use, data can be out of date, and as we all know, there is no true rule as to what Marriott will exercise their ROFR on.

 

[Fredm]

I just contributed a couple of very recent exercises at Maui Ocean Club.

 

[thinze3]

I just contributed a couple of very recent exercises at Maui Ocean Club.

I can't believe $24,900 for 2BR EOY ocean front failed?? Are you sure that wasn't every year?

I was just quoted last month a price of $26,160 diectly from Marriott for a 2BR mountainview EOY. Inventory is sporadic at best.

 

[erm]

Thanks for all your work. This database is such a help to anyone who is thinking about purchasing resale. To have all this information in one document is a real timesaver!

 

[Palguy]

It looks like I may not have gotten such a bad deal on my Maui Ocean Club purchase listed there for $14,500, annual garden view platinum. I later spoke with a gentleman that was willing to let his go for $13,500 but I had already signed a contract.

Does that seem to be a decent buy at that price, $14,500?

 

[Icarus]

It looks like I may not have gotten such a bad deal on my Maui Ocean Club purchase listed there for $14,500, annual garden view platinum. I later spoke with a gentleman that was willing to let his go for $13,500 but I had already signed a contract.

Does that seem to be a decent buy at that price, $14,500?

Yes.

-David

 

[Seth Nock]

In 2006, it has gone crazy starting 2007.

Marriott really began actively exercising right of First refusal Dec 2006. Also, Sep 2007 they waived a number of units because they missed their deadlines for exercising.

 

[Fredm]

I can't believe $24,900 for 2BR EOY ocean front failed?? Are you sure that wasn't every year?

I was just quoted last month a price of $26,160 diectly from Marriott for a 2BR mountainview EOY. Inventory is sporadic at best.

Oh, I am very sure.
In fact, they exercised two eoy sales, an even and an odd. Two separate transactions. Each was exercised at $24,900.

Several days later a 2 br oceanfront eoy even passed at $25,900.

 

[bobcat]

Oh, I am very sure.
In fact, they exercised two eoy sales, an even and an odd. Two separate transactions. Each was exercised at $24,900.

Several days later a 2 br oceanfront eoy even passed at $25,900.

What would the price to pass ROFR fo a Baroney Beach gold garden be.? How does gold trade. ? What would be the price for a Grande Dunes silver garden be to pass .? How does this silver trade.?? Thanks.

 

[Seth Nock]

Marriott has not been to active in exercising those units.

 

[Tom R]

Any feel for Summit Watch Gold or Silver? What price might trigger ROFR exercise for either? Similar for Mountainside? Thanks!

Tom R in Two Harbors, Minnesota

 

[akbmusic]

Seth-
Are you referring to the Barony weeks? If so, is that true for gold and silver weeks both?
It is surprising. We had a chance to purchase a gardenview at Barony last winter for 10K at Barony. It didn't pass ROFR and we were informed when we asked around that unless it was at least 12K we didn't have a prayer.

 

[Fredm]

Any feel for Summit Watch Gold or Silver? What price might trigger ROFR exercise for either? Similar for Mountainside? Thanks!

Tom R in Two Harbors, Minnesota

To the best of my knowledge, Marriott is only interested in Platinum weeks at these resorts.

 

[TSResalez]

Just had a Plat NCV exercised @ $17,000. Anyone have somewhere to get one cheaper!! Gold or Plat...either one is fine.