terces
TUG Member
- Joined
- Feb 18, 2013
- Messages
- 312
- Reaction score
- 84
- Location
- Alberta
- Resorts Owned
- HGVC LVB x3, Sandos Mexico for RCI points
We are investigating a Marriott resale TS purchase - and even willingly went to a presentation at Myrtle beach so as to be well informed. (We are TS owners at a Mexican resort and thus have an RCI account plus we have a reasonably good TUG based knowledge background).
They “offered” to empty our wallets, and would even give us some Marriott Rewards that could allegedly be used for extensive flight/accommodation holidays.
In regards to resale, we are aware that Marriott will trigger ROFR on most offers under about 23% of the current price, so they are artificially keeping a floor under the price, plus charging $2 per point plus a few other fees. So the end result would be a total acquisition cost of around $6 to $7 per point for resale as opposed to almost $14 for current retail. The current MF’s are $0.53 per point.
So my questions are many, but first of all:
1. What do we loose by buying resale?
2. What are the restrictions if we are a resale owner?
3. Are the Marriott Rewards they offer as a bonus for buying, of value?
4. They say that, now with the recent acquisition of Starwood, conversion points are 1:40 and good value. Is there really any value in converting TS points to Rewards points?
5. Does anyone have a copy of Marriotts contract and rules they could share?
6. Would it be a good strategy to buy an initial and small starter contract directly from Marriott and then add on with resale?
7. If we did number 6 would we still be able to achieve the top reward levels with a combination of direct purchase and resale?
...... a little info can be dangerous!
Thank you so much for any advice
Ron & Linda
They “offered” to empty our wallets, and would even give us some Marriott Rewards that could allegedly be used for extensive flight/accommodation holidays.
In regards to resale, we are aware that Marriott will trigger ROFR on most offers under about 23% of the current price, so they are artificially keeping a floor under the price, plus charging $2 per point plus a few other fees. So the end result would be a total acquisition cost of around $6 to $7 per point for resale as opposed to almost $14 for current retail. The current MF’s are $0.53 per point.
So my questions are many, but first of all:
1. What do we loose by buying resale?
2. What are the restrictions if we are a resale owner?
3. Are the Marriott Rewards they offer as a bonus for buying, of value?
4. They say that, now with the recent acquisition of Starwood, conversion points are 1:40 and good value. Is there really any value in converting TS points to Rewards points?
5. Does anyone have a copy of Marriotts contract and rules they could share?
6. Would it be a good strategy to buy an initial and small starter contract directly from Marriott and then add on with resale?
7. If we did number 6 would we still be able to achieve the top reward levels with a combination of direct purchase and resale?
...... a little info can be dangerous!
Thank you so much for any advice
Ron & Linda