Grand Chateau as a trader

[GregT]

I am curious if TUGGERs think Grand Chateau is a good trading property -- particularly a 1BR at Grand Chateau?

I see a couple on eBay and am curious -- I'd be using primarily to trade to Hawaii 1BR properties.

Please advise with any opinions and thanks!

 

[dougp26364]

I am curious if TUGGERs think Grand Chateau is a good trading property -- particularly a 1BR at Grand Chateau?

I see a couple on eBay and am curious -- I'd be using primarily to trade to Hawaii 1BR properties.

Please advise with any opinions and thanks!

It's been a good exchanger so far but, I'd never buy a week in Vegas just for exchange purposes and certainly not if I wanted to get into Hawaii on a regular basis. Vegas is fast becoming overbuilt. Especially the corner where MGC stands. Within walking distance to MGC are a couple of hundered units at Polo Towers and well over 1,000 units at the brand new Westgate Planet Hollywood Towers (2,000 units maybe?). Unless people want Marriott exclusively, that's going to be a corner with around 3,000 timeshare units within walking distance of each other.

Of course my opinion is that Marriott is the best of those three but, that's just personal preference. It should also exchange better between other Marroitt owners but, I could be wrong. There are far to many units on that corner for me to feel comfortable buying MGC just to exchange and especially if I was wanting to exchange into Hawaii.

So, why did I buy a unit at MGC? First and foremost, we generally travel to Vegas at least once each year. Secondly we purchased a 3 bedroom unit so we could stay in the two bedroom portion and exchange the one bedroom LO unit. We liked the fact the three bedroom unit locked out into a full two bedroom master suite and a full one bedroom lock-out unit. I would not have considered any other size unit at this resort.

If I were wanting to buy something to exchange into Hawaii on a regular basis, MGC wouldn't be my first choice. If Hawaii is your main destination, IMO, it's better to own where you want to stay.

 

[spasmani]

Grand Chateau Trading

Hi,

Have a follow up question. Thinking about buying the 3BR EOY at a price of $10,500 from a resell. Sounds like a great deal but interested in other opinions. Want to use it almost exclusively for trading with the lockout feature of 2BR and 1BR.

Also, in 2009, the seller already has a Feb week locked in. I need to specifically use the 2BR for the week of August 14th, 2009. Wondering what the odds and likelihood that I can get this specific week when I deposit with II?

Thanks,

Steve

 

[dougp26364]

The 3 bedroom unit is a much better unit due to it's location and size. However, you're purchasing in an overdeveloped market (Vegas) exclusively to exchange and that's never a good idea. On the very same corner as Marriott you have Polo Towers and the new Westgate Town Center. Just behind Polo Towers you have Carriage House. 1 block north and across the street you have Jockey Club. Both JC and PHT will have direct access to a major hotel/casino. IOW, you're going to have a lot of compitition.

MGC will trade well because of the quality and the Marriott name. On the other hand, you're success will be determined by I.I.'s supply/demand calculations and the supply is increasing 10 fold from what it was just 5 years ago when Jockey Club, Carriage House and Polo Towers were your only I.I. choices close to the strip.

Basically, I would never buy MGC strictly for exchanging.

 

[m61376]

Hi,

Have a follow up question. Thinking about buying the 3BR EOY at a price of $10,500 from a resell. Sounds like a great deal but interested in other opinions. Want to use it almost exclusively for trading with the lockout feature of 2BR and 1BR.

Also, in 2009, the seller already has a Feb week locked in. I need to specifically use the 2BR for the week of August 14th, 2009. Wondering what the odds and likelihood that I can get this specific week when I deposit with II?

Thanks,

Steve

You can ask the seller to change the reservation date to the week you want. Marriott charges $29 to change the date, and if it is still available, that would be your best option.