Fee Breakdown for trade

[slum808]

Could someone help me with a breakdown of fees? I'm thinking of buying a biennial odd year 2-bedroom platinum ski at Timber lodge. My plan would be to lock it out and use the 1 bedroom for ski season, and deposit the studio into II. I'm hoping to use the studio to pick up a 1 or 2 bedroom unit at Ko Olina in flexchange during the summer on even years. If I'm flexible on dates do you think thats a viable plan? In addition to my yearly MF, what other fees am I looking at to do this? Thanks for the help.

 

[jdunn1]

I own a lock off, not at a marriott ski resort, though. Doesn't really matter, though. You will have the $90 or so yearly II fee and it will cost you $75 to lock off your week with Marriott. I'm not aware of any other fees, except for the II trade fee of $140. Someone may need to correct my number, as the trade fee may have gone up, but I am not more than $10 or $20 off, if anything.

As far as your plan to get a summer hawaii week in flex. Good luck. I guess that has been happening more lately, but you just never know. I have a year of owning Marriott and being in II behind me and what I have learned is that what matters most is having a platinum marriott week (from any resort and any size unit) that matters the most. Next, you need to be exchanging like size. Sure, you can deposit a platinum studio and ask for a platinum 2 bedroom in return and II will happily take your exchange fee, but your odds of landing an exchange are not that great. Thing is, all the other Marriott owners (even those who deposited lesser weeks, like gold weeks) who deposited larger size units instantly jump ahead of you in II. Flex works different but lately, the best flex exchanges have been showing up only a week or two before check-in. How crazy is that.

With all that said, you can still get great up trades. For example, I got a 2 bedroom 4th of July 2012 week at OceanPointe with just the one bedroom side of my 2012 4th of July Willowridge deposit. Got that request by calling II and asking for it. With the one bedroom portion of my summer 2011 Willowridge week, I got a 2 bedroom at SurfWatch for this coming Easter. I have used the studio portion of my Willowridge weeks for instant exchanges and done very well, pulling a May Planet Hollywood Las Vegas 2 bedroom and a one bedroom 4th of July OceanPointe week. I have always seen every II sighting with just the studio portion of my Willowridge week.

I share that with you just so you can see that if my Willowridge platinum week pulls that well, your Timber Ridge should pull just as well. Good luck.

 

[GregT]

Steve,

That should work well - you'll pay 75 bucks for the lock-off and then 109 or 119 for the Flex trade - you should be able to uptrade to the Ko Olina property witth your Studio.

And you'll have the II membership fee, I can't remember how much that is. Good luck and let us know if you buy the Timber Lodge!

One thing to keep in mind is that if there is a specific week you want (Spring Break?) there may be lots of competition and as a single week owner, you don't have an advantage for a particularly high demand week.

I hope that helps!

Best,

Greg

 

[tschwa2]

Since you are already in Hawaii and don't have to worry about the airfares, flexchange reservations should be easier for you to take advantage of. I don't think you should count on anything being available at 59 days but probably the 14-30 day range something should show up if you search fairly diligently.

 

[dioxide45]

The current Marriott to Marriott Ii exchange fee is $119.

 

[yumdrey]

Marriott lock-off fee is now $80.
I recently locked off ocean pointe and marriott rep said it raised to $80 2-3 months ago.

 

[slum808]

Thanks for all the responses. I guess you could call this my super planning period. I've got to pay off my dvc unit before I can convince my wife we need something else. Just thought it would be good to have a plan now, so when we visit in 2013 and says she likes the place we can pull the trigger. Then again if a great deal pops up, its often hard to say no. Anyone know what a good price would be?

 

[dioxide45]

Marriott lock-off fee is now $80.
I recently locked off ocean pointe and marriott rep said it raised to $80 2-3 months ago.

I did read about that here a while ago. So for the OP the fees would be:

II Annual Fee: $89
Lock Off Fee: $80
II Exchange fee: $119

 

[slum808]

Steve,

That should work well - you'll pay 75 bucks for the lock-off and then 109 or 119 for the Flex trade - you should be able to uptrade to the Ko Olina property witth your Studio.

And you'll have the II membership fee, I can't remember how much that is. Good luck and let us know if you buy the Timber Lodge!

One thing to keep in mind is that if there is a specific week you want (Spring Break?) there may be lots of competition and as a single week owner, you don't have an advantage for a particularly high demand week.

I hope that helps!

Best,

Greg

It is spring break week that I'm looking at. The problem is Hawaii doesn't have a common school calendar. I can't buy at a fixed week resort because my kids schedule could change and then I'd be stuck. I think I'll just have to risk the floating week. My other option would be an annual. At least that why if I didn't get my date i'd only have to wait a year to try again. Of course that would cost me twice as much.

 

[dioxide45]

Another thing to remember is that there is a daily occupancy tax above and beyond the MF+Taxes for stays at Hawaii resorts. This is paid by owners and exchangers when staying at the Hawaii resorts.

 

[slum808]

Yes my wonderful state government loves its taxes.