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.
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.
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.
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.
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.
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.
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
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.
Direct Sales. I trust the source.
Agreed. Time will tell.
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.
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…
Agreed. The source did say things are not final but it looked like what was shared was holding.
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.
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.