Thinking again about purchasing 1M points in fixed weeks and paying to convert and get elite status at an estimated cost of $10K ($8K to HICV and $2K for the units). Would anyone be interested in investing $1000 upfront + $500 each December per 100K annual points with elite benefits? (25% advanced booking savings before 8 months, unlimited upgrades, signature 9 months out, non-signature 12 months out, unit-specific reservations, free point shield)? We'll call it fractional elite ownership.
Assuming it takes a year to complete purchase, you'd pay $1000 now, $500 in December, and get 100K 2016 points in mid-2016. We'd put together some kind of contract - fractional owners would get no refunds for canceling but could drop out at any time and would have the ability to renew indefinitely. If I dissolved the program for any reason, then you'd get your $1000 back plus a refund on any unused points.
I'm on the fence with buying up a bunch of units and doing a conversion - having a few people to go in with me would make it a lot easier. I'd be looking to sell 500K-1000K annual points (if I sold the full 1000K, then I'd just rent additional points for myself at the same $500/100K).
-Scott
[link to commercial website deleted]
Assuming it takes a year to complete purchase, you'd pay $1000 now, $500 in December, and get 100K 2016 points in mid-2016. We'd put together some kind of contract - fractional owners would get no refunds for canceling but could drop out at any time and would have the ability to renew indefinitely. If I dissolved the program for any reason, then you'd get your $1000 back plus a refund on any unused points.
I'm on the fence with buying up a bunch of units and doing a conversion - having a few people to go in with me would make it a lot easier. I'd be looking to sell 500K-1000K annual points (if I sold the full 1000K, then I'd just rent additional points for myself at the same $500/100K).
-Scott
[link to commercial website deleted]