- Joined
- Jun 6, 2005
- Messages
- 14,736
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- Kansas
- Resorts Owned
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Marriott Grand Chateau
Marriott Shadow Ridge
Marriott Ocean Pointe
Marriott Destination Club Points
Hilton Grand Vacation Club Las Vegas Blvd
Grand Colorado on Peak 8
Spinnaker French Quarter Resort Branson
Hi,
newbe here trying to get into Marriott system. I am in the process of buying Grande Vista platinum 2 Br with lockoff option. As part of verifying the estoppel, I called Marriott. Started chatting with the rep and she asked me the purpose of buying this. I told her that am a Worldmark owner but I want better trade with Marriott via II and thus the purchase. Here is what is she told me
1) Marriott stopped depositing inventory into II like before, instead owners trade via Destination Club. Only limited leftover inventory is deposited to II.
2) When a DC club owner deposits points to II, Marriott will chose which resort / what week goes to II
3) The other place where II get Marriott inventory is from Marriott owners who are not part of MDC , but there is no 29 day window advantage here
4) Bottomline is even if I buy MGV, I will not get any benefit for exchange via II and the inventory is very limited with no 29 day advantage
Could anybody please confirm this is true ? Or the marriott agent was trying to stop me from buying MGV and get me to buy MDC instead.
appreciate any help ..
i would consider most of this a grey area and not 100% accurate on the part of the salesman.
Having said that, all points based reservations systems are set up so that the developer can control inventory and offer the best selection of available dates to their owners/members. I would expect to see internal Marriott exchanges to be easier and getting into Marriott through external exchanges more difficult. I work mostly in the weeks exchange system but, I am also a member of the DC. The DC trades through I.I. if you're using weeks so, the salesman isn't being completely honest when he says Marriott no longer deposits into I.I.
Marriott doesn't deposit weeks into I.I. Owners deposit their weeks into I.I. Marriott only has complete control over legacy weeks exchanged for DC points and trust inventory. Trust inventory likely includes all developer owned inventory. As mentioned, a grey area is how easily Marriott can poach deposited weeks from Internval in exchange for another week(s) of "equal" value. That might mean two off season weeks = one prime season week or, it could mean one prime season week for another prime season week. Right now it's to early to tell.
Keeping in mind everyone did not join the DC, there should still be plenty of non-DC weeks deposited with I.I. for exchange. Any reduction in availability through I.I. I'm almost certain comes from the lack of developer deposited excess inventory. Marriott can't sit on excess inventory forever. They'll have to do something with it somewhere down the line. That might mean buld deposits at certain dates (6 months prior to check in seems to be popular), rent them out, use them for promotional stays or find some other use for them. But they can't sit on them and let them waste away. They'll either want cash or to put potential prospects for a tour in them, be it through exchangers or promotional stays by renting them out.
From what I've seen written about I.I., the Marriott 29 preference is still alive and good with them. I don't believe this is guarenteed and could end for all Marriott owners should Marriott decide not to renew that aspect of their contract with I.I. Since Marriott just signed a new contract with I.I., it's possible it has or is about to end.
As for buying a resort to exchange and with the idea the resort you buy today has low MF's, keep in mind things change. Ask any owner of a Sunterra week who purchased into that system to own low and trade high how it's working out for them today. Sunterra went bankrupt, they were bought by DRI and MF's shot through the roof. Just because MGV has lower MF's today doesn't mean they'll always be that way.
If you're buying strictly to trade and based on MF's, have an exit strategy. Know how to sell that unit when the time comes. You need to be aware of potential negative changes before they happen (special assessments, higher taxes/insurance/utilities) that could negatively affect your MF. You've got to know when to get out before the roof collapses and you're stuck. It's a tricky thing to know but, you'd better be good at reading tea leaves of just be plain lucky.
IMHO, it's best to own something you can use and enjoy. Even when things go wrong you'll have something of value. Otherwise, you may find yourself with a useless week (for you at least) that you can't get rid of, can't exchange for what you want and is costing you an arm and a leg, even though it looked like it was going to be inexpensive when you first bought it.
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