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Frenchman's Cove & Marriott VC Info

SpikeMauler

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I just got back from St.Thomas(Marriott Morning Star).I took the Tour of Frenchman's Cove(I Liked it) and afterward asked the salesman some questions.I first asked him had Marriott halted construction at any resorts because of the economy.He said no,that they were recession proof and that Marriott has no liquidity problems and looked at this economy as a buying opportunity.He then proceeded to tell me that Marriott will be adding six new Vacation Club resorts.He mentioned these five: Italy(Tuscany starting at $106,000), Bahamas(Paradise Island), Hawaii(Maui), Cayman Islands, and Mexico. He didn't know when these locations would be a part of the Vacation Club, though it sounded like Italy would be first.. I then asked him about the dilapidated dock and the coral problem(on the shore) at Frenchman's Cove(Evening Star Beach). He told me within nine months a new dock would be built and all the coral would be removed. He said U.S.V.I. Government signed off on this, and the paperwork was in their New York or Chicago offices. They also will be adding a second private beach(on the other side of the cliff) for the up top buildings.The resort is 70% sold so far. Frenchman's Cove is the strongest trader among all Marriott Resorts(according to the salesman).The current price for a 2bed Plat is $36,100. He said it has been kept around this price the last three years because of the economy. He said once the economy improves and after the resort is complete, the price will eventually be around $72,000. They list the $36,100 price as Pre-Construction Pricing. If I would have bought from them right there(which I didn't), they would have gave me 110,000 points and a seven day trip, anywhere anytime to any Marriott Resort. I also took the Westin St. John tour, but that's another story.
 
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jimf41

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I own and really like Frenchman's Cove. I'm surprised to hear that MVCI is recession proof. I'm going to check Redweek right now and see how much more my weeks are worth. They've been talking about the dock and the coral since it was opened in Feb 07. Nine months is an improvement though, they used to just say they were very close to doing it. $36,100 is about 1k less than they were selling for last winter. All in all I think salesman speak with forked tongue.

Can't comment on how strong a trader it is as I haven't traded it yet. A lockout unit from MPB has pulled in a 3BDRM silver week there during flextime on several occasions. Right now you can go to Morning Star for 7 nights with drinks and meals included for 90k points. I'm thinking of giving up one of my Feb 09 weeks to do this if I get an AC.

$106,000 for Tuscany? A little too pricey for me. But on another thread I read that Oceana Palms is touting the 120k+ price at Marco island as an incentive to buy at Oceana. Interesting sales technique.

Love to hear what you thought of the Westin.
 

sernow

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"Right now you can go to Morning Star for 7 nights with drinks and meals included for 90k points."

Jim,

I can't find this award on the Marriott site trying to use my points. What dates are you looking at? Best I could find was 115,000 for 7 nights, and this did not include meals or drinks. Thanks.
 

californiagirl

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I received an email from Marriott about a week ago about a new reward that offered an all-inclusive option for Caribbean resorts. My understanding is that the all-inclusive is an added award much like an upgrade. So, you buy a week with X number of points (or reserve with cash) and then add the all-inclusive for an additional 115K points.

I wish you could do it all for 115K points, but I don't think so.
 

jimf41

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"Right now you can go to Morning Star for 7 nights with drinks and meals included for 90k points."

Jim,

I can't find this award on the Marriott site trying to use my points. What dates are you looking at? Best I could find was 115,000 for 7 nights, and this did not include meals or drinks. Thanks.

Here it is. If the link doesn't work go to the rewards site>use your points>travel packages. The 5&7 night Caribbean packages are listed first.

http://www.marriott.com/rewards/usepoints/morepack.mi
 
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