CLOSED: Thread Dedicated to the Upcoming/Anticipated Integration of Vistana & Marriott Ownerships (Marriott Link + Vistana Discussion)

[Eric B]

Recital F looks like it would make mandatory resale owners members of the MVCD exchange.

 

[kozykritter]

Recital F looks like it would make mandatory resale owners members of the MVCD exchange.

But if you read it that way, all VSN-eligible resales aka mandatory in the future would be part of the exchange as well because they didn't put any date in there as a criteria. That seems highly unlikely given Marriott's history with resales after 2010/DC creation.

Also membership in the MVC Exchange doesn't necessarily mean that every VOI that member owns will be eligible to participate in Abound. They could still make the distinction between qualified and unqualified resales in their Master agreement to come. This provision may actually have more to do with synching up the club dues between the programs so that Abound participants only have to pay one fee per year, not one each to VSN and MVCD. So many details left out!

 

[dioxide45]

Recital F looks like it would make mandatory resale owners members of the MVCD exchange.

It also indicates "one or more parties".

 

[kozykritter]

It also indicates "one or more parties".

Near the top, the document defines "the Parties" as those people on the signature pages so doesn't involve any owners directly in that referenced consent process.

 

[Eric B]

It also indicates "one or more parties".

Near the top, the document defines "the Parties" as those people on the signature pages so doesn't involve any owners directly in that consent process.

It’s outside of my area of expertise and I’m not licensed to practice law in Florida, but as a layman I would read the portion of Recital F for consent of the defined Parties being satisfied by Recital G and the expression of consent in item 2 executed by the defined Parties in the document. There’s no doubt more to it as far as details are concerned based on the master affiliation agreement, but this reads to me as though VSN members are being treated on par with existing MVCD members.

It will be interesting to see the master affiliation agreement and whether they’ve come up with a way to keep mandatory resale owners out for purchases after the effective date or if they’ll just impose high garbage fees on transfers similar to what I’ve read about trust points. It’s not too surprising that the sales folks haven’t shared any details if they have them.

 

[dioxide45]

It’s outside of my area of expertise and I’m not licensed to practice law in Florida, but as a layman I would read the portion of Recital F for consent of the defined Parties being satisfied by Recital G and the expression of consent in item 2 executed by the defined Parties in the document. There’s no doubt more to it as far as details are concerned based on the master affiliation agreement, but this reads to me as though VSN members are being treated on par with existing MVCD members.

It will be interesting to see the master affiliation agreement and whether they’ve come up with a way to keep mandatory resale owners out for purchases after the effective date or if they’ll just impose high garbage fees on transfers similar to what I’ve read about trust points. It’s not too surprising that the sales folks haven’t shared any details if they have them.

I am not sure they can pile on garbage fees to weeks based transfers. I think the $25 fee is baked into most CC&R documents for the resort.

 

[CalGalTraveler]

I believe they want the Vistana inventory so additional junk fees would deter owners away.

 

[grrrah]

Apologies if I missed it in the 120+ pages, but has there been any info re us that use Home Options (Nanea for me, presumably similar to Flex) on if we would need to deposit a whole week, or if we would be able to do partial weeks, equivelent of smaller units, etc?

 

[dioxide45]

Apologies if I missed it in the 120+ pages, but has there been any info re us that use Home Options (Nanea for me, presumably similar to Flex) on if we would need to deposit a whole week, or if we would be able to do partial weeks, equivalent of smaller units, etc?

Nothing 100% confirmed, but we suspect you would have to elect Abound points for the entire VOI. You don't own a week with HomeOptions. Another good reason to have multiple small contracts instead of one large one.

 

[jabberwocky]

Apologies if I missed it in the 120+ pages, but has there been any info re us that use Home Options (Nanea for me, presumably similar to Flex) on if we would need to deposit a whole week, or if we would be able to do partial weeks, equivelent of smaller units, etc?

Our understanding is that the full VOI must be deposited. You can’t do a partial.

 

[kozykritter]

Based upon previous presentations, Westin and Sheraton Flex likely can do partials due to their unique nature versus Home Options from one resort. We'll see what the truth is in the end.

 

[Helios]

Our understanding is that the full VOI must be deposited. You can’t do a partial.

This is correct, other than partial SOs because those are points packages.

 

[Helios]

From a reliable source, 8/9 was the magic date to be in network/eligible to participate in Abound. Requals will follow Marriott rules - min $40K new money.

 

[Helios]

Mandatory VOIs that were not requalified before 8/9 are not Abound eligible. They stay mandatory in the Vistana “program” (i.e., same use as per Abound).

 

[Helios]

VSN Elite is no more. New Abound system: 3* Executive, 4* = Presidential, 5* = Chairman. No plans for a higher tier even if someone owns way more than 15K Abound Club Points.

 

[dioxide45]

From a reliable source,

I wonder what the definition of a "reliable source" is? At this point I don't think any one source is more reliable than any other, especially when it comes from sales. They all seem to have their own interpretation of any training they may or may not have taken.

 

[kozykritter]

Mandatory VOIs that were not requalified before 8/9 are not Abound eligible. They stay mandatory in the Vistana “program” (i.e., same use as per Abound).

All that you are saying fits with the Marriott philosophy on resales and make sense. The challenge is we've heard many competing versions from different sources so I think all of us are jaded enough by it to say until it's in writing and the thing is launched, we can't rely on any of it

 

[dioxide45]

All that you are saying fits with the Marriott philosophy on resales and make sense. The challenge is we've heard many competing versions from different sources so I think all of us are jaded to say until it's in writing and the thing is launched, we can't rely on any of it

Not really. When Marriott rolled out the DC program in 2010, they allowed resales to enroll. They only have a negative view toward resales bought after program implementation.

 

[Helios]

I wonder what the definition of a "reliable source" is? At this point I don't think any one source is more reliable than any other, especially when it comes from sales. They all seem to have their own interpretation of any training they may or may not have taken.

Direct Sales. I trust the source.

 

[Helios]

All that you are saying fits with the Marriott philosophy on resales and make sense. The challenge is we've heard many competing versions from different sources so I think all of us are jaded enough by it to say until it's in writing and the thing is launched, we can't rely on any of it

Agreed. Time will tell.

 

[dioxide45]

Direct Sales. I trust the source.

Fair enough, but I do find it interesting that everyone trusts their source but these different sources seem to provide conflicting information. One person's misinformed source isn't necessarily any better than that of another. The statement of "reliable source" doesn't make it any more reliable to anyone else here. Not attacking you or the source, just pointing out that we can't really rely on anything until we see it in writing and distributed on the grand scale.

 

[Helios]

Not really. When Marriott rolled out the DC program in 2010, they allowed resales to enroll. They only have a negative view toward resales bought after program implementation.

But, the magic 6/10/2010 date (or whatever that is exactly) is still enforced for the most part. There are workarounds but for the most part you have to pay $s…

 

[Helios]

Fair enough, but I do find it interesting that everyone trusts their source but these different sources seem to provide conflicting information. One person's misinformed source isn't necessarily any better than that of another. The statement of "reliable source" doesn't make it any more reliable to anyone else here. Not attacking you or the source, just pointing out that we can't really rely on anything until we see it in writing and distributed on the grand scale.

Agreed. The source did say things are not final but it looked like what was shared was holding.

I will check the Abound values I got for some of my units (not all have values available now) and let you know if the tracker needs to be updated,

 

[dioxide45]

But, the magic 6/10/2010 date (or whatever that is exactly) is still enforced for the most part. There are workarounds but for the most part you have to pay $s…

But there are different dates. 6/20/2010 isn't the only one. European weeks have a date that is set to when they started to allow those owners to enroll and the same is true for Phuket owners. Phuket owners have a date in 2016. So they could simply do something similar when brining in Vistana.

 

[kozykritter]

Not really. When Marriott rolled out the DC program in 2010, they allowed resales to enroll. They only have a negative view toward resales bought after program implementation.

But that was a different situation. They were trying to shift all the weeks into a trust. Vistana already has a trust and exchange system in place. Marriott's attitude towards resales in general has been to pony up large cash or don't participate. People seem to be banking on the fact that Marriott will be desperate for certain Vistana inventory so they will allow them into Abound. To me again the current situation doesn't align with the past. We'll find out soon enough which side of the fence they come down on.