HELP! Canyon Villas decision

[mvmess]

We own a Gold week at Marriott’s Canyon Villas. Why! You ask? It was part of a package purchased 20 years ago. As I am certain several of you know, the maintenance fees for this week are the same as a Platinum week. We are currently visiting Shadow Ridge and have been presented with an offer. If we purchase 2,000 Destination points at a cost of $17.71 per point Marriott will retire the deed and move the 1,875 DP exchange value into my account. No more maintenance fees for the Gold week.

While it appears reasonable at face value, when considering the opportunity cost associated with the purchase price and the fact that we are 72 I am not certain it is.

I would love to hear your thoughts.

 

[dioxide45]

I've suggested that this be moved to the Marriott forum. While the maintenance fee is over $1 per point, it can still be a great value as an enrolled II exchangers. While the number of lock off units at Canyon Villas is limited, you can lock off your 2BR and deposit the 1BR and the Studio and get two weeks from the one MF. This would put your cost per week a little over $1K. I suspect you can get more value per point than using the week as Club Points.

That said, if you are always using the week for points, moving to Club Points with lower maintenance fees can be beneficial. I suspect they would have to sell you 2,125 points at the $17.72 and take your week back in the process. This is because Club Points need to be in 250 point increments.

I really think your better option is to just give the week away for free or deed it back to Marriott without the need to buy something else. You can contact the MVC exit department.

 

[bizaro86]

You could give the week away and purchase 4000 resale trust points for way less money. So if you don't want the week and do want trust points do that instead.

But really they're two independent choices - if you don't want the week give it away. If you still want a TS consider all the options, not just what Marriott salesperson had to offer.

 

[Patri]

Be careful. If you move forward, read every line on the contract slowly in front of the sales rep. Ask questions. At your age, it is probably wiser to exit timeshares. Keep your RCI or II membership for last minute deals, and rent from Tuggers, etc.

 

[LeslieDet]

So, basically, you have to spend $35k to avoid paying the maintenance fees on the gold week.

Are you forgetting that you need to pay the MFs on the 2000 MVC Trust Points you'll be spending that $35k on? The Trust MFs for 2025 are almost $0.82/point. Even if you are paying the equivalent of $1/elected point on that Canyon Villa deed, that $1875 is going to be a heck of a lot cheaper than paying $35k out of pocket now, plus having a "saving" of perhaps $235 year? That math means it takes you around 149 years to "break even".

Here's the math and my assumptions: current MF $1875/yr on the deeded week at Canyon Villa; spend $35k to purchase 2k MVC Trust Points, which in 2025 at least will cost you a MF of $1640. The difference between those two MFs is $235. $35k/$235 = 148.9 years to break even on the "savings".

Heck, if you really want the opportunity to have 125 more Club Points a year to use, I suggest you elect points and then rent the 125 so you have 2000 to book something. You could even offer to pay more than the MF per point to rent those 125 points, it's a heck of a lot less expensive than spending $35k now.

 

[dioxide45]

So, basically, you have to spend $35k to avoid paying the maintenance fees on the gold week.

Are you forgetting that you need to pay the MFs on the 2000 MVC Trust Points you'll be spending that $35k on? The Trust MFs for 2025 are almost $0.82/point. Even if you are paying the equivalent of $1/elected point on that Canyon Villa deed, that $1875 is going to be a heck of a lot cheaper than paying $35k out of pocket now, plus having a "saving" of perhaps $235 year? That math means it takes you around 149 years to "break even".

Here's the math and my assumptions: current MF $1875/yr on the deeded week at Canyon Villa; spend $35k to purchase 2k MVC Trust Points, which in 2025 at least will cost you a MF of $1640. The difference between those two MFs is $235. $35k/$235 = 148.9 years to break even on the "savings".

Heck, if you really want the opportunity to have 125 more Club Points a year to use, I suggest you elect points and then rent the 125 so you have 2000 to book something. You could even offer to pay more than the MF per point to rent those 125 points, it's a heck of a lot less expensive than spending $35k now.

It doesn't change the math significantly enough, but for clarity, the 2025 MFs at Canyon Villas is $2,127.32.

 

[Pamplemousse]

We own a Gold week at Marriott’s Canyon Villas. Why! You ask? It was part of a package purchased 20 years ago. As I am certain several of you know, the maintenance fees for this week are the same as a Platinum week. We are currently visiting Shadow Ridge and have been presented with an offer. If we purchase 2,000 Destination points at a cost of $17.71 per point Marriott will retire the deed and move the 1,875 DP exchange value into my account. No more maintenance fees for the Gold week.

While it appears reasonable at face value, when considering the opportunity cost associated with the purchase price and the fact that we are 72 I am not certain it is.

I would love to hear your thoughts.

Do you have a child who would like to inherit your enrolled week? Enrollment would pass to the child so you might consider that before giving that week up one way or another.

 

[LeslieDet]

It doesn't change the math significantly enough, but for clarity, the 2025 MFs at Canyon Villas is $2,127.32.

It reduces the payback time from 149 years to roughly 72 years! Thanks for the info.

 

[WorldT]

It reduces the payback time from 149 years to roughly 72 years! Thanks for the info.

I believe that is called a lifetime

 

[WBP]

If it were me, I’d optimize my use of that Canyon Villas Gold week, and love every vacation that we enjoyed because of it. We do not own a Canyon Villas Gold week, but my suspicion, based on close to 40 years of MVC ownership, and having owned a lot of MVC weeks (NO POINTS!), is that if you find a way to optimize your use of that Gold week, that you could have a lot of fun with it.

Yes, the Gold week is not great, but, it’s darn good, in the grand scheme of things.