Is this a good deal - Hybrid package from MVC official resale

[KamboOak]

Is this a good deal for what we want to do? Are there any other better options to get the results at a lower price?


What is being offered :

• 3 resale platinum 2bd weeks at a 3 separate resorts.
• Registering weeks as DC points of 11,675 (President Level)
• Price $63k + get one time 6k of bonus points equiv to 57k less bonus value or 59k if we got rented points.
• Maint fee combined: ~$5,365

There key for us is to book at 13m+2w to ensure we get Summit Watch the week we want. Enrolling each week as points then making consecutive reservations, booking Summit Watch on last week. After that is all booked we would change the other two point reservations to dates we prefer at other resorts. We've confirmed from rules team this is doable w/o any penalty or putting back in holding account.

Options I've done the math on

Resale point option:
When I compare to buying point resales and registering them I get
Roughly $60.5k at $2.00resale +MVC fees + Maint of $7,100 .. The maint adds up..$1,800 more than resale week approach... If I was somehow able to do magic at $1.00 point the purchase cost would add up to $49k.



Resale week option
If I look at weeks alone on resale I could see us being able to book all three weeks as needed with last one being the week we intend to use. But after reserving we would be forced to either cancel the first two reservations later (and lose original reservation if tied to same resort). Or force us to trade weeks for the time we want at the location we want, which is would be at SummitWatch later in summer (gold season) or a ski weekend split week. I don't want to deal with that headache honestly. Maybe there is so much to trade it'd be easy, but I'm new so wouldn't want to.

All of this to say that the enrolled point program gives us the reservation we want, and the flexibility to use the remaining points whenever we want.


Resale weeks below and total points of 11,675
1 - Summit Watch 2b platinum season - 4425 points - approx 19k resale cost
1 - BeachPlace Towers - 3225 points. - approx 9k resale cost
1 - St Kitts Beach Club.- 4025 - approx 35k resale cost

 

[Marathoner]

Is this a good deal for what we want to do? Are there any other better options to get the results at a lower price?

There key for us is to book at 13m+2w to ensure we get Summit Watch the week we want. Enrolling each week as points then making consecutive reservations, booking Summit Watch on last week. After that is all booked we would change the other two point reservations to dates we prefer at other resorts.

1 - Summit Watch 2b platinum season - 4425 points - approx 19k resale cost

I am a multi-week owner at Summit Watch. What week are you looking to reserve at Summit Watch? I can book any ski week that I want at exactly 9am EST 12 months out at Summit Watch and get it. So, I don't think you need to go to such an elaborate scheme as your original post.

I can also say that Summit Watch 2BR is only 12k platinum season, not 19k. Just take a look at Redweek. I would also predict that in a couple months, Summit Watch platinum week will be 10k.

 

[Wahoo]

If the week you are going for is Sundance, 13 months + 2 weeks may not cut it. I've tried to make that reservation the past 3 years by calling in precisely at 9am at 13 months + 2 weeks ahead, and only managed to get it 1 of 3 years. It's a roll of the dice, so while your plan makes logical sense, in reality I don't think I'd risk a $63,000 wager on it. And as Marathoner pointed out, for all other Summit Watch ski weeks you should be fine just reserving at 12 months online.

 

[KamboOak]

If the week you are going for is Sundance, 13 months + 2 weeks may not cut it. I've tried to make that reservation the past 3 years by calling in precisely at 9am at 13 months + 2 weeks ahead, and only managed to get it 1 of 3 years. It's a roll of the dice, so while your plan makes logical sense, in reality I don't think I'd risk a $63,000 wager on it. And as Marathoner pointed out, for all other Summit Watch ski weeks you should be fine just reserving at 12 months online.

Oh excellent info.. That's the exact week... I knew 13 alone wouldn't cut it ..so we would probably need to have 13+3 or 13+4 then to make it happen.....

 

[KamboOak]

I am a multi-week owner at Summit Watch. What week are you looking to reserve at Summit Watch? I can book any ski week that I want at exactly 9am EST 12 months out at Summit Watch and get it. So, I don't think you need to go to such an elaborate scheme as your original post.

I can also say that Summit Watch 2BR is only 12k platinum season, not 19k. Just take a look at Redweek. I would also predict that in a couple months, Summit Watch platinum week will be 10k.

Agree on the open market redweek. and agree wouldn't need to do that for any other week than sundance which is when we would want it. The resale prices I'm quoting are from MVC official resale.

 

[Marathoner]

Maintenance fee is almost 2k per week now at Summit Watch. Rentals are 5k for Sundance week on Redweek. You may want to just consider renting for Sundance week every year instead of buying so many weeks. I still maintain you can book Sundance week at the 12 month mark. 50% of all the Summit Watch rooms are released at the 12 month mark, including Sundance weeks.

 

[Steve Fatula]

Realizing that you do lose something by going non Marriott resale (such as Redweek or anywhere else). You gain money of course. Only you can answer if that is worth additional cost or savings. You would not be able to enroll those resale weeks, you would lose the benefits of that. That would also mean if you ever want to trade, you need to also pay for II account, trading fees, etc. You could always try and negotiate the price with Marriott as well if you went that way.

 

[KamboOak]

Maintenance fee is almost 2k per week now at Summit Watch. Rentals are 5k for Sundance week on Redweek. You may want to just consider renting for Sundance week every year instead of buying so many weeks. I still maintain you can book Sundance week at the 12 month mark. 50% of all the Summit Watch rooms are released at the 12 month mark, including Sundance weeks.

Yeah.. MF $1,750 or so @ SW .. Rentals are $6k right now on redweek, but maybe they will drop to $5k. Roughly a $4k savings per year is how I'm factoring and that it would eventually be a good payback ... No matter which way I look at it, it roughly pays back in 10 years at current market rates.

I do like the fallback trying the 12 month option where we could try again if we didn't get Sundance week.

Sigh...

 

[Dean]

Is this a good deal for what we want to do? Are there any other better options to get the results at a lower price?


What is being offered :

• 3 resale platinum 2bd weeks at a 3 separate resorts.
• Registering weeks as DC points of 11,675 (President Level)
• Price $63k + get one time 6k of bonus points equiv to 57k less bonus value or 59k if we got rented points.
• Maint fee combined: ~$5,365

There key for us is to book at 13m+2w to ensure we get Summit Watch the week we want. Enrolling each week as points then making consecutive reservations, booking Summit Watch on last week. After that is all booked we would change the other two point reservations to dates we prefer at other resorts. We've confirmed from rules team this is doable w/o any penalty or putting back in holding account.

Options I've done the math on

Resale point option:
When I compare to buying point resales and registering them I get
Roughly $60.5k at $2.00resale +MVC fees + Maint of $7,100 .. The maint adds up..$1,800 more than resale week approach... If I was somehow able to do magic at $1.00 point the purchase cost would add up to $49k.



Resale week option
If I look at weeks alone on resale I could see us being able to book all three weeks as needed with last one being the week we intend to use. But after reserving we would be forced to either cancel the first two reservations later (and lose original reservation if tied to same resort). Or force us to trade weeks for the time we want at the location we want, which is would be at SummitWatch later in summer (gold season) or a ski weekend split week. I don't want to deal with that headache honestly. Maybe there is so much to trade it'd be easy, but I'm new so wouldn't want to.

All of this to say that the enrolled point program gives us the reservation we want, and the flexibility to use the remaining points whenever we want.


Resale weeks below and total points of 11,675
1 - Summit Watch 2b platinum season - 4425 points - approx 19k resale cost
1 - BeachPlace Towers - 3225 points. - approx 9k resale cost
1 - St Kitts Beach Club.- 4025 - approx 35k resale cost

Another way to compare is buying the 2 resale weeks independently then enrolling with the St. Kitt's purchase. Same long term fees but a lower acquisition price though there's some time and risk involved getting it done and hoping the program comes around next year. I'm not a big fan of Beachplace from a fees and points standpoint, that option doesn't entice me unless you plan to stay there routinely anyway. You might see if you can get Ocean Pointe or Grande Ocean or something similar as the 3rd week, something that has a better fee to point ration.

 

[Fairwinds]

i haven’t read the rules and don’t care to but I have to wonder about the ability to reserve consecutive and then cancel some without canceling all. I know it is done and I have done it myself with weeks reservations. But, is it something that can change? Why even have the rule of booking consecutively. I’m not saying you won’t be able to do it indefinitely but I don’t know if I would build that into my expectations. Even if a rules comity confirmed it.

 

[tmhcars]

I do like BeachPlace because of its urban setting and I understand why some dislike it, regardless I question the resale value of it as I just purchased 2 resale platinum weeks for a total of $9,000.

 

[Dean]

i haven’t read the rules and don’t care to but I have to wonder about the ability to reserve consecutive and then cancel some without canceling all. I know it is done and I have done it myself with weeks reservations. But, is it something that can change? Why even have the rule of booking consecutively. I’m not saying you won’t be able to do it indefinitely but I don’t know if I would build that into my expectations. Even if a rules comity confirmed it.

It can change as there is unilateral control of the reservation system. Over the years we've had some discussions on this subject and some believe that there are limitations for some resorts that are not being enforced. Some believe that a few of the resort documents require the multiple weeks to be at the same resort to reserve 13 months out. Personally I've never seen a compelling argument on that point of view but for a couple of resorts the posted info from the POS could be interpreted that way. Given that MVC has unilateral control over the reservation system and a large amount of control over the POS changes, I think they can make it whatever they chose to. I believe the original intent on the MVC side was to aid in sale of newer resorts at HHI thus the intent would have been to crossover between resorts anyway if this is the case. The bottom line is not only can it change but it almost certainly will change over the years and it may not be for the better.

I do like BeachPlace because of its urban setting and I understand why some dislike it, regardless I question the resale value of it as I just purchased 2 resale platinum weeks for a total of $9,000.

My negative statements toward the resort were based on higher fees and relatively high fee per points, not like or dislike. If one will use it routinely, that's a different discussion IMO.

 

[gln60]

I do like BeachPlace because of its urban setting and I understand why some dislike it, regardless I question the resale value of it as I just purchased 2 resale platinum weeks for a total of $9,000.

I love BeachPlace and make it a yearly trip during the winter months...great location....villas and staff are wonderful...many good restaurants and bars with in walking distance, so we never have to rent a car.....love taking the water taxi down to Hollywood for a nice day trip...south Florida has the highest daily average high temperature in January in the continental U.S. .

 

[StevenTing]

Here's another way to look at it from a points resale perspective. Your resale cost you have at $60.5k but that's assuming you're buying 11750 points. At this point, there's no reason for you to purchase that many if you're goal is to get to Presidential. You could get by with 10000 points. This drops your out of pocket closer to $51K with MF of $6040.

Feel free to use my calculator in #2 in my signature to find out cost.

 

[Steve Fatula]

Here's another way to look at it from a points resale perspective. Your resale cost you have at $60.5k but that's assuming you're buying 11750 points. At this point, there's no reason for you to purchase that many if you're goal is to get to Presidential. You could get by with 10000 points. This drops your out of pocket closer to $51K with MF of $6040.

And if he can get the $1 resale points purchase that someone else on Tug was able to get and pass ROFR, even cheaper, significantly cheaper than the hybrid package. Though, more work.