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Manor Club ... new low?

pwrshift

pwrshift

Tug Review Crew: Rookie
TUG Member
Joined
Jun 6, 2005
Messages
5,529
Reaction score
29
Location
Toronto
Resorts Owned
Marriott Manor Club - 3 weeks platinum, 2 weeks at Marriott Beachplace Towers, and 1 week at Marriott Canyon Villas
wow- wonder what it will close at
 
I am not familiar with this Marriott resort but I looked at the listing and can't tell if this is a lockoff that can be split into two 1BR units or can it only be used as a 2BR.:shrug:
 
Larry said:
I am not familiar with this Marriott resort but I looked at the listing and can't tell if this is a lockoff that can be split into two 1BR units or can it only be used as a 2BR.:shrug:
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Based on the representation in the ebay listing that the week is deeded as 1711, the unit is in the Patrick Henry Building of the original development, so it would be 2BR non lockoff.

LINK (not sure if login required)

IMHO, the original Manor Club is more attractive occupancy than the Sequel.
 
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And if you read the entire ad it's a BOGO! What more could you ask for????
 
Not a new low that should be a new standard

The seller is Uri Fried owner of The Timeshare Company. They list a lot of TS on ebay and often have errors in the listing so double check. That being said if they do mess up they do come through, or will make it right.

The BOGO offer is usually the type of timeshares you'd find in the TUG bargain basement, but picked clean of the few good deals.

Their timeshares listed on ebay are often poorly labeled and dont receive the maximum exposure, which is potential for very good deals. For example, this listing doesnt even mention Platinum in the headline keywords.
 
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Is Marriott actively exercising ROFR at this resort?

Also, the ad says Platinum is weeks 13-43 and 48-52. That's a long Platinum period! is it tough to get summer weeks at Marriott Manor? (As it is at Newport Coast Villas?)
 
siesta said:
The seller is Uri Fried owner of The Timeshare Company. They list a lot of TS on ebay and often have errors in the listing so double check...
Click to expand...

yes, for example the 2012 mf is listed as $1015 but is more around $970.
 
JudyS said:
Is Marriott actively exercising ROFR at this resort?

Also, the ad says Platinum is weeks 13-43 and 48-52. That's a long Platinum period! is it tough to get summer weeks at Marriott Manor? (As it is at Newport Coast Villas?)
Click to expand...

I have never had a problem getting one.

Ray
 
winger said:
yes, for example the 2012 mf is listed as $1015 but is more around $970.
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Actually, $998 for 2012 still not bad for such a nice resort.

JudyS said:
Is Marriott actively exercising ROFR at this resort?

Also, the ad says Platinum is weeks 13-43 and 48-52. That's a long Platinum period! is it tough to get summer weeks at Marriott Manor? (As it is at Newport Coast Villas?)
Click to expand...

Never had trouble getting July 4th week to trade.
 
Why ROFR isn't a plus

EKniager said:
$154.01 it is!
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I guess even ROFR isn't going to help the seller now is it? Another perfect example of why even a great resort can be sold for pennies and ROFR make no positive impact at all. With or without ROFR the seller gets under $200.

Someone got a wonderful buy. That is one of the great timeshare resorts (speaking of the resort itself - others may have better surroundings but few are equal in unit/resort quality to the original Manor Club).
 
potchak said:
Actually, $998 for 2012 still not bad for such a nice resort.

....
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Yes, you are right. I miscalculated.
I disagree with that this is not a bad MF, however. Like, why do they need $200+ for reserve funds when alot of upgrades have already been done?
 
winger said:
Yes, you are right. I miscalculated.
I disagree with that this is not a bad MF, however. Like, why do they need $200+ for reserve funds when alot of upgrades have already been done?
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Because they need to start accumulating money for the next round. It needs to be accumulated over time. If it is not, then a huge special assessment in the future is the only option. I think $200 is actually a very modest reserve contribution.
 
winger said:
Yes, you are right. I miscalculated.
I disagree with that this is not a bad MF, however. Like, why do they need $200+ for reserve funds when alot of upgrades have already been done?
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Because those upgrades only last 5-7 years and the next ones will likely cost more. $200 is actually low for such a high quality resort. Holding reserve collections too low is an extremely common error at far too many timeshares. This type of short term thinking is one reason why it occurs. Hopefully the Board at Manor Club continues to be aggressive with anticipating future expenses. It is a positive for the owners and will help avoid any special assessments.
 
timeos2 said:
I guess even ROFR isn't going to help the seller now is it? Another perfect example of why even a great resort can be sold for pennies and ROFR make no positive impact at all. With or without ROFR the seller gets under $200.
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Of course ROFR does not help the seller if the developer seldom exercises ROFR. If they did on a regular basis, it might help a lot.
 
BocaBoy said:
Of course ROFR does not help the seller if the developer seldom exercises ROFR. If they did on a regular basis, it might help a lot.
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Yeah, the developer as the owner gets nothing more.
 
timeos2 said:
Yeah, the developer as the owner gets nothing more.
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This answer makes no sense. I can't even tell what point you are trying to make. My point is that if ROFR were exercised regularly, some of these lowball offers would be higher because some purchasers would pay more than these ebay prices if they had to in order to get the unit. If ROFR is seldom exercised, buyers know that they can often get the unit with these very low offers.
 
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BocaBoy said:
This answer makes no sense. I can't even tell what point you are trying to make. My point is that if ROFR were exercised regularly, some of these lowball offers would be higher because some purchasers would pay more than these ebay prices if they had to in order to get the unit. If ROFR is seldom exercised, buyers know that they can often get the unit with these very low offers.
Click to expand...

University studies have shown that prices fall when ROFR is in play - not rise. So the only "winner" is/would be the Developer who gets cheap weeks to sell again. The seller gets only what was originally offered - the low price - and the buyer learns not to bid or to bid lower next time as there is a good chance the Developer will tire of the game before the general public does. That is backed up by the studies - the amount of willing buyer offer FALL when ROFR is in play.
 
timeos2 said:
University studies have shown that prices fall when ROFR is in play - not rise. So the only "winner" is/would be the Developer who gets cheap weeks to sell again. The seller gets only what was originally offered - the low price - and the buyer learns not to bid or to bid lower next time as there is a good chance the Developer will tire of the game before the general public does. That is backed up by the studies - the amount of willing buyer offer FALL when ROFR is in play.
Click to expand...

This certainly doesn't make logical sense to me. If I'm a buyer that loses to ROFR I'm not going to just quit if I really want something. Its human nature I think that I'll look for others and begin the process again. I may even bid a little higher to win because I really want it.

The only thing I can imagine that would make me lose interest is if I keep losing to ROFR and the price went above my acceptable range before I could win.

That scenerio may not benefit the buyer but doesn't hurt the seller in my book.
 
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