I noticed over the years that MVC keeps excessively high cash reserve fees but, they also replaced virtually everything in their units in a 10 year rotation, keeping them fresh looking and well maintained. The rub is they seem to have a cozy relationship with their suppliers and pay top dollar for everything where the economy of scale should force prices down. However, I’m not privy to the deals and actual/true costs, so my observation may be way off.
The one thing I don’t like about MVC is the expenditures for the expansion of amenities, seemingly without owner input. For instance, those stupid huge TV’s at the pool. I go on vacation to relax, not watch the news channel by the pool. While in Vegas a couple of years ago they had FOX news on the big screen TV. I don’t care to be watching FOX, CNN, MSNBC or any other news outlet where the reporters do more yelling than reporting. It’s not relaxing. There’s also a lot of worthless art objects at Ocean Pointe, which might not be terribly expensive to maintain, but bring little enjoyment to the experience vs the cost of the pieces. any cost IMHO was more than I’d pay for those pieces, plus their placement is questionable for any beautification of the grounds. However, this is all in the eye of the beholder, but it appears as if MVC looks at owners as a cash cow to do what MVC wants to do VS what owners want done with their resort. After all, in the end owners have purchased the resort o e week at a time from MVC, as the management company they should work for us within limits necessary to maintain the Marriott name.