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[dougp26364]

They’ve been saying a “new level” is coming out for a decade or more. I heard this at my last presentation as well and replied I’m tired of hearing about the labor pains. I’ll think about it after I see the baby.

The reality for is that it doesn’t matter. We’re doing good to use the points we have. As it is this year we’re feeding back a Spinnaker week and listing an our HGVC week for sale. We just don’t need additional weeks or points.

Plus, jumping from 15,000 to 25,000 points would require a cash layout of $179,400 at today’s retail pricing plus another $8,100 in MF’s (and climbing).

Of course there’s always the option to buy Abound points resale at $3/point plus MVC’s junk fees of $3/point, but that would still be $60,000.

Those better be some major benefits for $60,000 to $179,000 plus $8,100/year to entice buyers.

 

[dioxide45]

The been saying a “new level” is coming out for a decade or more. I heard this at my last presentation as well and replied I’m tired of hearing about the labor pains. I’ll think about it after I see the baby.

They've been talking about a new level since they day after they rolled out the changes where they added the new levels. Always about FOMO.

 

[vol_90]

They've been talking about a new level since they day after they rolled out the changes where they added the new levels. Always about FOMO.

I thought it was interesting that he would specify a date (April 1st) and status title (Chairman Reserve) that was a little more than a week away. He was a former Diamond employee which makes it even more suspicious. I have my doubts as does almost everyone here, but we will not have to wait too long to see what is true or not. Given my current MVCI portfolio he did not push for any purchase, and they only tried to sell an Encore package at the end.

 

[DRH90277]

This has to be a like fools gold. Thats $65,000+ a year in MF if you own club points. Am I staying with Tiger woods and getting lessons from him at Augusta National during the Masters?

The number was 85,000 rather than the 80,000 I mentioned. Folks, you can be surprised and astonished all you want but there are people close to this level. It's probably not about status as much as use.

So, there is talk of a new Chairman level and this super status at 85,000 points. They seem to have also restrained the ability to get to these levels by supposedly capping the number of enrollments one can make.

The biggest thing I see missing is some commitment to the creation of vacation prospects worthy of these potential spends. It is not very appealing to have this outcome be supported by a bunch of outsourced stuff. That seems to be the path and the biggest turnoff to me.

 

[dioxide45]

The number was 85,000 rather than the 80,000 I mentioned. Folks, you can be surprised and astonished all you want but there are people close to this level. It's probably not about status as much as use.

I wonder how many of them are 100% pure trust point owners and not those that own many enrolled legacy weeks.

 

[DRH90277]

I wonder how many of them are 100% pure trust point owners and not those that own many enrolled legacy weeks.

I expect most achieved these levels by enrollments legacy weeks and probably not by design. It would also be interesting to know how many current Chairman level participants got there by deliberate buys from MVC. Some of us just woke up one morning to the Chairman designation.

 

[chinh9]

They’ve been saying a “new level” is coming out for a decade or more. I heard this at my last presentation as well and replied I’m tired of hearing about the labor pains. I’ll think about it after I see the baby.

The reality for is that it doesn’t matter. We’re doing good to use the points we have. As it is this year we’re feeding back a Spinnaker week and listing an our HGVC week for sale. We just don’t need additional weeks or points.

Plus, jumping from 15,000 to 25,000 points would require a cash layout of $179,400 at today’s retail pricing plus another $8,100 in MF’s (and climbing).

Of course there’s always the option to buy Abound points resale at $3/point plus MVC’s junk fees of $3/point, but that would still be $60,000.

Those better be some major benefits for $60,000 to $179,000 plus $8,100/year to entice buyers.

There’s literally almost no benefit that would be worth it. At that point you’re probably wealthy enough to go on sick trips and pay for whatever lodging makes sense. And if you have that much money you aren’t staying on a timeshare resort. No offense to anyone of course.

 

[dougp26364]

The number was 85,000 rather than the 80,000 I mentioned. Folks, you can be surprised and astonished all you want but there are people close to this level. It's probably not about status as much as use.

So, there is talk of a new Chairman level and this super status at 85,000 points. They seem to have also restrained the ability to get to these levels by supposedly capping the number of enrollments one can make.

The biggest thing I see missing is some commitment to the creation of vacation prospects worthy of these potential spends. It is not very appealing to have this outcome be supported by a bunch of outsourced stuff. That seems to be the path and the biggest turnoff to me.

Back when the Lake Tahoe resort was selling quarter shares, I debated a purchase for a few minutes. The prospect of being able to live three months a year in Lake Tahoe was appealing to me, but wasn’t practical at the time. Those that own winter quarter shares are either at or very close to those lofty point numbers. It’s going to be a very small percentage of owners that own 85,000 points and probably an even smaller percentage with enough money and a willingness to put that money into something that’s worthless the minute you’re past the recession period.

I have serious doubts they’ll jump from 15,000 as the top tier to 85,000. There’s a reason why the current levels aren’t that far apart. It keeps the next higher level within reach of the average buyer. If they do come out with another ownership level it’s much more likely to be 20,000 points.

 

[DRH90277]

Back when the Lake Tahoe resort was selling quarter shares, I debated a purchase for a few minutes. The prospect of being able to live three months a year in Lake Tahoe was appealing to me, but wasn’t practical at the time. Those that own winter quarter shares are either at or very close to those lofty point numbers. It’s going to be a very small percentage of owners that own 85,000 points and probably an even smaller percentage with enough money and a willingness to put that money into something that’s worthless the minute you’re past the recession period.

I have serious doubts they’ll jump from 15,000 as the top tier to 85,000. There’s a reason why the current levels aren’t that far apart. It keeps the next higher level within reach of the average buyer. If they do come out with another ownership level it’s much more likely to be 20,000 points.

Two different things - they keep talking about an additional Chairman level above the current 15,000 points (2 Chairman levels). Our sales guy also spoke of this super 85,000 points level and actually tried to have us consider this. However, the disclosure of what this 85,000 level is all about seems to be a big secret that cannot be disclosed.

Imagine - What person would spend a discounted $1,000,000+ to an 85,000 points program with such a limited portfolio of uses? The selections just aren't that great and varied.

 

[davidvel]

Everyone is seriously considering what this salesperson said. As a prior poster said, I'll repeat, April Fools!

 

[daviator]

Everyone is seriously considering what this salesperson said. As a prior poster said, I'll repeat, April Fools!

Maybe this is their latest strategy, to tell you a change will occur on April 1 and then laugh (after you're gone) at the gullibility of anyone who believes it!

 

[chinh9]

It does make me wonder how dumb the average consumer with money is bc they obviously legit thought it was a good sales tactic.

 

[dansimms]

There are about a half dozen or so, branded residences under the umbrella of Marriott Hotels. Vacation Club portfolios of these potential sizes could potentially be large enough to be eligible for a substantial fractional share in those real estate programs . These branded residences are Ritz Carlton, JW Marriott, Autograph Collection , Westin , Marriott, Sheraton , etc. For the first time, if this were to happen, they could make the case that our investment would no longer be worth just pennies on the dollar when it becomes time to divest. Legally, I don’t see a linkage to one more of these real estate offerings being realistic . The vacation club would need to address the elephant in the room of the loss of 75% or more in equity at time of divesting .

 

[AdrianFarley]

I love dining out and finding new gems……but, it’s become cost prohibitive, especially in major cities. Our first morning at the Mayflower we had breakfast at
Edgar. The basic breakfast of 2 eggs, bacon, toast and potatoes was $25. My ham and Swiss omelette was $22. Add on 2 coffees, and order of banana bread (they’re famous for their banana bread) plus tip and we were in for $90+.
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Yes, that was on the high end and we found less expensive options. Dinner later that day at Edgar was actually less expensive but each day we’d spend close to $200 eating 2 meals/day. For us that’s just not sustainable over a long period of time taking 4 or 5 trips/year.
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Because we travel quite a bit I’m relatively certain we’re at the far end of the travel curve. Keeping costs a little lower is one reason we can travel a little more. To that end we’ve begun using that oven, cook top and resort grills more frequently than in the past.win.casino

That breakfast price is exactly why I end up using the kitchen more than I expect, even in cities. It adds up really fast over a few days.

 

[dougp26364]

Two different things - they keep talking about an additional Chairman level above the current 15,000 points (2 Chairman levels). Our sales guy also spoke of this super 85,000 points level and actually tried to have us consider this. However, the disclosure of what this 85,000 level is all about seems to be a big secret that cannot be disclosed.

Imagine - What person would spend a discounted $1,000,000+ to an 85,000 points program with such a limited portfolio of uses? The selections just aren't that great and varied.

That pool has to be very small.

Eventually I believe they’ll come up with some greater number for a level above chairman. I have serious doubts the benefits will be enough to motivate all but those who seek recognition that they’re at the top level. Maybe they’ll allow owners at the super chairman level to select the exact unit they’ll occupy. For some that might be a benefit worth having. Sure it would be problematic, but when has that ever stopped Marriott from pushing an idea.

 

[dougp26364]

Everyone is seriously considering what this salesperson said. As a prior poster said, I'll repeat, April Fools!

They’ll never have an 85,000 point level unless they do like Hilton and change the point values all together. Suddenly your 20,000 Abound points become 85,000 Abound points, but they have the same value as the original 20,000.

 

[vol_90]

Just completed another presentation in Aruba. Received $300 "Experience dollars" to be used at various restaurants for 62 minutes of our time and a good no pressure discussion. I mentioned what I heard in Las Vegas in March and the salesperson (20 year Marriott employee) had no knowledge of a new level above Chairman in the works.

 

[Eric B]

Yeah, owners at that level will get a free cookie at checkin in addition to the existing beanies for Chairman's Club...

Free cookies for everyone at the RCC SF any time of day and at 3:00 at the RCC STT. Not sure about the others yet.

 

[claraj]

I was offered 60,000 Bonvoy points, 500 MVC points or $350 resort credit at Frenchman's Cove.

The meeting was generally low pressure and just when I thought they couldn't find an angle to sell me more points, they offered to "fix" my use years (I have some points at 4/1-3/31 use year) for a whopping low price of $30k (2,000 points purchase). I said no and they were willing to drop it to 1,000 points purchase at $18k. I said thanks but no thanks...

 

[daviator]

I got talked bribed into sitting through a presentation later this week, so we will see what new half-truths they come up with. It would be refreshing to have an honest salesperson, but they are rare birds.

The options were 500 club points, 50,000 Bonvoy points, or some golf or spa stuff which I didn't really look at too closely as I'm not a golfer or a spa person. They upped the ante with an additional $75 Marriott gift card along with the club points.

 

[hangloose]

Attended our first presentation in a few years. $300 gift card, for 1 hr. Several different angles. We have enough, so not eager to purchase more.

However, I wouldn’t mind getting my 2 resale weeks enrolled. They pitched enrolling both, with a purchase of 4k pts….plus some small extras….for roughly $57k. Would also get us to Chairman (but not a lot of value associated beyond Presidential). Yikes! Is this about the going rate for this “promotion”? Anyone enroll resale with a lower pts path yet?

 

[sponger76]

Free cookies for everyone at the RCC SF any time of day and at 3:00 at the RCC STT. Not sure about the others yet.

Yeah, got the free cookies at the RCC SF, my daughter loved that. Don't recall any free cookies at the RCC Vail property, but we'll be back there in June to make sure.

 

[dougp26364]

Attended our first presentation in a few years. $300 gift card, for 1 hr. Several different angles. We have enough, so not eager to purchase more.

However, I wouldn’t mind getting my 2 resale weeks enrolled. They pitched enrolling both, with a purchase of 4k pts….plus some small extras….for roughly $57k. Would also get us to Chairman (but not a lot of value associated beyond Presidential). Yikes! Is this about the going rate for this “promotion”? Anyone enroll resale with a lower pts path yet?

If memory serves me correctly, they want a specific amount to convert point per point the newly enrolled week generates. I had thought it was a 1:1 ratio. Resale weeks = 4,000 points, purchase 4,000 trust points.

I think if it were me I’d continue to go to presentations with the same counter offer. We’ll buy x number of points to enroll our resale weeks. In my mind a purchase of 2,000 points retail would probably be the tipping point or, a bundle package of 2, 000 points plus another resale deed equal to 2,000 points that gets the cost per point down to $8 or $9.

I once sat in updates for 3 or 4 years until they presented an acceptable deal, so it may take a few years, but stick to your guns. Eventually you’ll get a salesman hungry enough to accept your terms or Marriott will loosen its restrictions.

 

[hangloose]

If memory serves me correctly, they want a specific amount to convert point per point the newly enrolled week generates. I had thought it was a 1:1 ratio. Resale weeks = 4,000 points, purchase 4,000 trust points.

I think if it were me I’d continue to go to presentations with the same counter offer. We’ll buy x number of points to enroll our resale weeks. In my mind a purchase of 2,000 points retail would probably be the tipping point or, a bundle package of 2, 000 points plus another resale deed equal to 2,000 points that gets the cost per point down to $8 or $9.

I once sat in updates for 3 or 4 years until they presented an acceptable deal, so it may take a few years, but stick to your guns. Eventually you’ll get a salesman hungry enough to accept your terms or Marriott will loosen its restrictions.

Agree. This time it was "Buy 4k Trust Pts + Enroll My 2 Resale for Free => Obtain Chairman's Club" at a cost of $57k USD. It's the right pitch to me, based on my portfolio. So, kudos to the salesman. But, the price point is just too high vs value achieved. In reality, I'm adding 4k pts at $57k when re-sale on 4k pts is likely under $25k. The rest...still has limited intrinsic value.

While, it would be nice to have all my weeks enrolled with the same benefits. In reality....I don't really need it, don't need the extra Trust Pts, nor see the value in Chairman's Club (vs Presidential). I'd bite at the "nice to have" price....but not the high Marriott price.

Perhaps in future, I need to pitch my ask to them up front....and wait for the right salesperson to agree.

 

[dougp26364]

Agree. This time it was "Buy 4k Trust Pts + Enroll My 2 Resale for Free => Obtain Chairman's Club" at a cost of $57k USD. It's the right pitch to me, based on my portfolio. So, kudos to the salesman. But, the price point is just too high vs value achieved. In reality, I'm adding 4k pts at $57k when re-sale on 4k pts is likely under $25k. The rest...still has limited intrinsic value.

While, it would be nice to have all my weeks enrolled with the same benefits. In reality....I don't really need it, don't need the extra Trust Pts, nor see the value in Chairman's Club (vs Presidential). I'd bite at the "nice to have" price....but not the high Marriott price.

Perhaps in future, I need to pitch my ask to them up front....and wait for the right salesperson to agree.

The important thing is to understand exactly what you want and at what price point. Tell them where you’re at and then let them counter. You do need to be quick minded because they’ll always try to slip something past you. It took several presentations before they came up with an acceptable offer, and even then they slipped us a resale deed at a resort that is slightly undesirable, but it’s still worked out well