[2018] How happy are you with your Marriott ownership?

[lmnanea]

We purchased 2BR EY-IV Ko'Olina resale and enrolled when given the option by paying the $995 Enrollment-Fee.
Later purchased a hybrid POINTS + 2BR Desert-Springs to reach Presidential. The hybrid sale worked out to $6.50/Point.
Recently purchased 3K-POINTS to make Chairman's [not sure why] as we already had Titanium for as long as we own [hope for life] + 13-Months preference.
Even though the POINTS purchase was expensive ~$10/Point we received close to 1M-Bonvoy [including CC 6X] as incentive.

Waiting on the update of the merged programs [VSN + MVCI] as we are both Chairman's [MVCI] + 5-Star [VSN].

MR, when u purchase a resale week and pay MVC to enroll into DCP, do the poimts for resale week count towards ownership status (ex: President, Chairman, etc?

 

[lmnanea]

I bought no units from the developer. But last year I did purchase 5000 DP points at $11 to enroll my two fractionals and two weeks.

For the previous decade I have only owned resale weeks and am happy owner. If I was not happy with Marriott, I would not have bought direct last year.

Now is Marriott perfect with resale owners? No, but I find they treat resale owners decently. When you buy into a system (direct or resale) and understand the rules, you tend to be a happy owner.

If MVC or HGVC change the deeded rules AFTER purchase, I would be very unhappy owner.

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When you enroll resale weeks, do the resale weeks points count toward ownership status and are you entitled to Marriott Bonvoy elite status upgrades?

 

[frank808]

When you enroll resale weeks, do the resale weeks points count toward ownership status and are you entitled to Marriott Bonvoy elite status upgrades?

Yes, when your resale weeks are enrolled they count towards ownership status. Because of resale qualification, I am Chairman's club 9.5 times over. Doesn't give me anything more though. Well I take it back as this last sales update it was pretty low key as there was no incentive to purchase more.

You will get whatever status your ownership level qualifies for as long as you keep that ownership level. If you have Titanium by being Prssidential level but sell interests taking you below presidential level, you will lose your Titanium status.



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[lmnanea]

Yes, when your resale weeks are enrolled they count towards ownership status. Because of resale qualification, I am Chairman's club 9.5 times over. Doesn't give me anything more though. Well I take it back as this last sales update it was pretty low key as there was no incentive to purchase more.

You will get whatever status your ownership level qualifies for as long as you keep that ownership level. If you have Titanium by being Prssidential level but sell interests taking you below presidential level, you will lose your Titanium status.



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Thx Frank appreciated. How easy or what is process to get it enrolled and how long does it take. Is it $3 a point to enroll? How do you find out how many points the resale week is allotted before buyin on resale market?

 

[frank808]

Slow down and do some research. You cannot enroll a resale week by just paying $3 a point for what it is worth. MVC will not let you go that cheaply.

To enroll one post 2010 US resale week, you will need to buy 3500 DC points costing about $40k. If you buy resale DC points, to make them usable you will pay MVC $3 a point. With resale DC points you will be looking at 1500 points that will run $5-$6 all in. So $7500 and up for 1500 points. 1500 points will not get you much if booking a 1br or larger. And definitely not enough for Hawaii resorts where a 2br will run you 4k DC points for a week.

Better to ask questions now than jump in without knowing what you are getting into.

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[lmnanea]

Slow down and do some research. You cannot enroll a resale week by just paying $3 a point for what it is worth. MVC will not let you go that cheaply.

To enroll one post 2010 US resale week, you will need to buy 3500 DC points costing about $40k. If you buy resale DC points, to make them usable you will pay MVC $3 a point. With resale DC points you will be looking at 1500 points that will run $5-$6 all in. So $7500 and up for 1500 points. 1500 points will not get you much if booking a 1br or larger. And definitely not enough for Hawaii resorts where a 2br will run you 4k DC points for a week.

Better to ask questions now than jump in without knowing what you are getting into.

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Ah! Thx you anticipated our next question Frank! Thanks to you, Dean and many others on this forum we have the key questions answered to make a decision. Appreciate the good, and the ugly - exactly what we were after. The best thing out of this due diligence was finding this forum.

we re goin with 2k developer points plus one week developer resale (2500) as starter. And looks like if we want to go after Presidential level, we would need to top up 1.5-2K DC developer points and another 3-4K resale week we probably get on resale market depending on the number of DC points they allocate to our Westin Lagunamar deeded week fr developer. Net net studying this forum is way more informative than the salespersons at MVC, but we already knew better than to trust MVC salespersons even if we have been 25+ year brand loyalists.

next task is to investigate VAC and MAR share prices to hedge given the payoff period is 5-6 years

 

[rickandcindy23]

I will be getting some advice from TUG members pretty soon. Gotta get rid of a bunch of junk first, then Rick will let me buy what we want to own. I have a nice big budget for buying resales and enrolling them. Some salesperson is going to love us!

 

[Dickiebradford]

I am a weeks owner, purchased resale, and Marriott has treated me very well, both on phone calls, and at the resorts.

Where did you purchase the resale?

 

[tugcccsp]

Found on Redweek, but didn't use Redweek's services.

 

[GrumpyDude]

We're pretty happy.

We've been owners for about 5 years, starting with 2500 points bought at retail. We've subsequently purchased a bundle deal and, most recently, a handful of resale points that got us to Presidential.

We like it because it disciplines us to plan vacations, and we get to stay at much nicer places than we otherwise would. I would never recommend MVC as a value proposition. It's really a lifestyle choice for those who can afford it.

Hi,

I know this is a couple years old, but curious how resale points got you Presidential. I was at an “owner update” to pitch me to add to my 7k and was told specifically that resale points won’t get either MVC or Bonvoy status; I.e. Presidential currently gets Bonvoy Titanium. They’re speculatively pitching that when the Sheraton / Westin acquisitions get rolled into the system (EoY?) that Presidential will likely be bumped to take more than 10k.

Thanks

 

[dioxide45]

Hi,

I know this is a couple years old, but curious how resale points got you Presidential. I was at an “owner update” to pitch me to add to my 7k and was told specifically that resale points won’t get either MVC or Bonvoy status; I.e. Presidential currently gets Bonvoy Titanium. They’re speculatively pitching that when the Sheraton / Westin acquisitions get rolled into the system (EoY?) that Presidential will likely be bumped to take more than 10k.

Thanks

The salesperson you were talking to lied. As long as you pay the junk fees on resale points, they qualify for the ownership levels.

 

[gwberg]

I just purchased more Vistana Options to gain Executive level in our Marriott membership. The contract includes “a right of first refusal.” Can anyone explain what this means? We have a day or so to rescind—should we?


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[dioxide45]

I just purchased more Vistana Options to gain Executive level in our Marriott membership. The contract includes “a right of first refusal.” Can anyone explain what this means? We have a day or so to rescind—should we?


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ROFR means that if you wish to sell the Home Options later to an external buyer, Vistana has the right to buy it instead under the same terms of the contract between buyer and seller.

 

[Jim Mc]

1st purchased in 1999 and last purchase was in Sept in Spain. Very happy with the product and the people. However, the IT issues we continually face make MVC look like a 3rd class organization!!!! Worst thing is I don't think they care!

 

[gwberg]

The salesperson you were talking to lied. As long as you pay the junk fees on resale points, they qualify for the ownership levels.

If this is true, then I just made another dumb decision buying more Options to reach Executive level in Marriott. True?


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[dioxide45]

If this is true, then I just made another dumb decision buying more Options to reach Executive level in Marriott. True?


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Generally, unless you were looking to requalify a VOI, buying direct doesn't make a lot of sense. Perhaps start a new thread in the Vistana forum providing details of your purchase (number of options you bought, how much you already own, total price, incentives) and people can help determine if you got a reasonable deal. There are cases were buying direct makes sense, but not very often.

 

[beacon243]

If this is true, then I just made another dumb decision buying more Options to reach Executive level in Marriott. True?


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You can still rescind if you recently signed. you have 7-10 days typically.

 

[DanCali]

I just purchased more Vistana Options to gain Executive level in our Marriott membership. The contract includes “a right of first refusal.” Can anyone explain what this means? We have a day or so to rescind—should we?


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This is probably the wrong thread to have this discussion, but since you say you only have one day, I suggest you rescind first and start a separate discussion about what you need to get to Executive so you can get advice on how to get there in the most cost-effective way.

Without knowing what you need and what your bought, I'll just point you to the following (still active) thread where you will see that people can buy a 2BR Gold week in Spain directly from Marriott for around $6500. It's actually a bundle of 4 weeks for $26K, so the price for a single week may be $8K or even $10K. The point is that this week can be treated a "points" because it would be enrolled in Abound and it would count toward Executive status. So, even at a conservative purchase price of $10K you'd be buying 2400 "points" equivalent which is $4.17 per point. And the maintenance fees are also more favorable than the points product itself. I suspect a deal like this is much better than what you got from Vistana. This is not the only option...

Rescind, research and then make an informed decision!

Good sales offer to help increase ownership status

Just had a good offer, I would be interested if I was trying to get to Presidential or Chairmans but as already there I don't need more weeks. 4 weeks in Playa Andaluza Gold season Price - 26.000€/26.000$/22.000GBP First year use 2024 9600 points annually Gift 3000 DP If interests anyone else...

tugbbs.com

 

[gln60]

We love the most of MVC resorts we have vacationed at............beyond frustrated with using the AWFUL MVC WEBSITE.

 

[gwberg]

It’s too late now to rescind. Sigh!


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[starrinc]

It’s too late now to rescind. Sigh!


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It was meant to be! Now, enjoy every incredible point and feature. We’ve been in the system 20+ years and love it. Learn how to use it to your travel advantage. You own a piece of the world, don’t have any regrets.


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[gwberg]

It’s too late now to rescind. Sigh!


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I hope someone can learn from my sad example. Study TUG!


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[gwberg]

Yes! Yes! Yes!


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[rrsafety]

I hope someone can learn from my sad example. Study TUG!


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Just to better understand, did you consider coming to TUG before making the purchase rather than afterwards?

 

[gwberg]

Your question is spot on. I’m embarrassed to say I didn’t and that I don’t have a good reason. I get blindsided and confused when the salesperson goes over our “portfolio.” He or she always makes buying more timeshare seem like a good business decision. I say no but my resistance gets worn down after 3+ hours (and we always stay way past the agreed-upon time).

It’s been a fatal pattern with us. I’m taking a vow never to agree to another “update.” I hope to consult TUG more often to make the most of the money we’ve spent. That’s the best I can do in the way of a response to your question.

I appreciate a TUGer’s comment not to regret what I can’t do anything about now and just enjoy what we have. I also appreciate your question.


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