rpw
TUG Member
- Joined
- Oct 10, 2005
- Messages
- 228
- Reaction score
- 2
- Points
- 228
- Location
- Naperville, IL
- Resorts Owned
- Marriott's Ko Olina, Marriott's Maui Ocean Club
I was at a sales pitch today and an option came up that I never considered. Anyone want to tell me the pros and cons of buying a property with the sole purpose of converting it to points to turn it into a travel package?
For instance, if I bought Grand Chateu in Vegas, it would cost about $30,000 for a 2br. The maint fee would be about $850 and it would cost about another $150 to convert it to points (let;s call it $1000 a year) that would buy me 110,000 mrps a yr. That means every 2 years I could pick up a travel package that would get me to Hawaii and give me a 1 wk stay at the JW in KoOlina on Oahu. I could piggy back that with the week stay at KoOlina and have some more time on the island.
OK, flying from ORD to oahu is about $1,000 per person, so the maint fees pay for the two tickets, so all I have a "free" week at the JW?
OK, that's my thinking. Some one point out where this isn't worth it?
Thanks
For instance, if I bought Grand Chateu in Vegas, it would cost about $30,000 for a 2br. The maint fee would be about $850 and it would cost about another $150 to convert it to points (let;s call it $1000 a year) that would buy me 110,000 mrps a yr. That means every 2 years I could pick up a travel package that would get me to Hawaii and give me a 1 wk stay at the JW in KoOlina on Oahu. I could piggy back that with the week stay at KoOlina and have some more time on the island.
OK, flying from ORD to oahu is about $1,000 per person, so the maint fees pay for the two tickets, so all I have a "free" week at the JW?
OK, that's my thinking. Some one point out where this isn't worth it?
Thanks