Not Marriott owner.
FF was purchased by Cendant at 2001, so there are at least 3 types of resorts.
1. Inherited from old FF since most people works for old FF still manage that group, it can be considered as developed by FF today. I know Williamsburg's Kingsgate is one of it. And they just in the process of remodelling and redo the interior design of it.
2. developed by other group, like equivest. ALL RI resorts in on that catageory. I believe HI Kona is also in the group
3. Newly developed after CD purchase. Orlando BC, DC's Alexandria, Atlantic City, Los Vagas, San Diego Harbour Light, HI's Waikiki Beach Walk.
The point, once it is set for the same resort, and complete the development has not been changed.
Being that their target customer is on the middle income level, I would not think they will actually try to get the most prime location. But they will get pretty close. And their penthouse is pretty good looking.
Being that Marriott is targeting at top 3% level, I would think they have to have the best location. Although their location is nice, I don't think that is a true statement (the best).
FF is under big corp. It is bought and operated for the profit of corp share holder. Now in 2006, they will be spinned out as Wyndham. Will be interesting to see what they become under that corp. Marriott although is big corp, is actually more like under the same family. I will assume the culture is very different. And Marriott will have better reputation since it is more stable.
Although FF does loss most of its retail purchase money, it has the most liquidated market. No other TS can claim it. And few TS that does not have value even if sell in $1.
FF does allow the POA (or HOA) more control of it. They also try very hard to control the POA. With point system, it is a less feeling of ownership thus allow the developer easier task to control the POA.
They have issues when they first push out the point system, and everytimes when they purchase other resort groups. That causes them been boot out. As an owner, do you perfer be able to boot someone or be booted by someone? They still have the total control of the trust which controls their internal exchange program.
FF allows internal exchange, and it allows enough flexiblity while it allows the owner to control their behavior to take the best benifit. It has housekeep credit, and transaction rules, but as an owner, you can control that expense. If you feel annoying by that expense, they give you those VIP level to get rid of it. And by you control the way you spend, it helps the POA to control their expense. It is a system that if majority of its owner is smart enough to take the best use of it provides, it can still survive. Don't know if other system can says that.
As pointwise, FF's point is close to proportion to the number of bedrooms. While some system is closed to the rent price they can get from different unit size. That results their 2 BR MF higher. On the other hand, their 1BR MF will be lower than the traditional timeshare.
Jya-Ning