• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 26 years!

    Join tens of thousands of other owners just like you here to get any and all Timeshare questions answered!
  • TUG has now saved timeshare owners more than $16,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $16 Million dollars
  • Follow the TUG Member Banner as it travels the world on vacation with Timeshare owners! Also sign up to get the banner sent to you so you can submit a photo of your vacation with the banner to share with TUG! Banner Thread
  • Sign up to get the TUG Newsletter for free! Join tens of thousands of other owners who get this every week! Latest resort reviews and the most important topics discussed by owners during the week!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    Read more Here
  • A few of the most common links here on the forums for newbies and guests!

Marriott BUYBACKS AND TAKEBACKS [2012 / Ongoing]

mcow2011

TUG Member
Joined
May 28, 2011
Messages
84
Reaction score
0
Points
0
Location
Utah
If you are selling Marriott is buying back timeshares. They have allocated a certain amount of money and will be implementing their first right of refusal for certain locations.

They just bought one of my weeks for double what I paid for it just a few years ago.

Before you list it with anyone call Marriott's resell department for details. You might get more money from them than in the open market.

*** Click on the "Sell Weeks" link on this page to begin the process with specific owned Weeks: Welcome to the Official Website for Marriott Vacation Club® Timeshare Resales ***
 
Last edited by a moderator:

SueDonJ

Moderator
Joined
Jul 26, 2006
Messages
13,947
Reaction score
2,066
Points
849
Location
Massachusetts and Hilton Head Island
Resorts Owned
Marriott Barony Beach and SurfWatch
Recently we've noticed an uptick in Marriott both offering buybacks and exercising ROFR for certain Weeks.

[Link disabled.] is Marriott's Resale Operations link. Owners, click on the "Have A Question" button at the top of the page for contact information to find out if Marriott is interested in your Week(s.)
 
Last edited:

jont

TUG Member
Joined
Aug 18, 2011
Messages
1,511
Reaction score
213
Points
174
Location
The Garden State
Resorts Owned
Enrolled in Marriott DC/
MOW /MGC /MCV / Trust Points
Wyndam National Harbor points
I'm sure they are very selective as to what they are buying.
Could you pleases share with us what they bought back from you?
 

mcow2011

TUG Member
Joined
May 28, 2011
Messages
84
Reaction score
0
Points
0
Location
Utah
I'm sure they are very selective as to what they are buying.
Could you pleases share with us what they bought back from you?
Sure they bought back a Park City Marriott Mountainside Annual Summer week.
 

jont

TUG Member
Joined
Aug 18, 2011
Messages
1,511
Reaction score
213
Points
174
Location
The Garden State
Resorts Owned
Enrolled in Marriott DC/
MOW /MGC /MCV / Trust Points
Wyndam National Harbor points
Sure they bought back a Park City Marriott Mountainside Annual Summer week.
Thanks for sharing. I'm not familiar with this resort but I would assume it's a gold week worth about 2500 points for a week. In addition to platinum weeks, perhaps Marriott is looking to acquire gold weeks at select resorts to add to the trust? :ponder:
 

lweverett

TUG Review Crew
TUG Member
Joined
Jun 6, 2005
Messages
437
Reaction score
5
Points
228
Location
Virginia Beach
They apparently have also purchased some spring and fall weeks at Harbor Point. I would assume these would be used to show that there are weeks available in the point system for very low point amounts.
 

jdunn1

TUG Member
Joined
Nov 30, 2009
Messages
1,502
Reaction score
2
Points
248
Location
NE Ohio
Those weeks are so abundent in II. Maybe the DC needs them becuase owners are given so few points for converting those weeks that owners are not depositing those weeks in the DC. Those weeks are more valuable in II than they are in the DC.

Interesting.

Sure they bought back a Park City Marriott Mountainside Annual Summer week.
 

siberiavol

TUG Member
Joined
Jun 7, 2005
Messages
254
Reaction score
0
Points
16
Location
Knoxville ,Tennessee
Unless things have changed from the spring, the best offers relative to Ebay are for the non platinum weeks of the older properties. Some of those are virtually unsellable any where but Marriott.

Marriott gets low point value properties to use as a sales tool as was suggested.
 

mcow2011

TUG Member
Joined
May 28, 2011
Messages
84
Reaction score
0
Points
0
Location
Utah
Unless things have changed from the spring, the best offers relative to Ebay are for the non platinum weeks of the older properties. Some of those are virtually unsellable any where but Marriott.

Marriott gets low point value properties to use as a sales tool as was suggested.
Marriott NEEDS the inventory for their point system so they can sell more points.
 

SueDonJ

Moderator
Joined
Jul 26, 2006
Messages
13,947
Reaction score
2,066
Points
849
Location
Massachusetts and Hilton Head Island
Resorts Owned
Marriott Barony Beach and SurfWatch
Marriott NEEDS the inventory for their point system so they can sell more points.
Do you mean they're buying back to convey Weeks to the Trust? Could be. Or do you mean that Marriott is acting as the broker through that Resale Operations office for Weeks sold by owners, when they have a ready and willing buyer? Because that's happening more often now and might have something to do with the fact that Marriott internal resales are the only resales which can be enrolled in the DC (if the buyer also purchases an equivalent amount of DC Points.) Either way, nice to see some Marriott resales activity after the quietness of the last few years, even if it is only certain select weeks that we have no way of predicting.
 

Ron98GT

TUG Member
Joined
Nov 30, 2010
Messages
2,299
Reaction score
15
Points
38
Location
Las Vegas, NV
Resorts Owned
HGVC (7k Hawaii), Marriott (2-Bdrm L/O), & RCI Points (80k Grand View)

6scoops

TUG Member
Joined
Feb 1, 2010
Messages
480
Reaction score
27
Points
238
If you are selling Marriott is buying back timeshares. They have allocated a certain amount of money and will be implementing their first right of refusal for certain locations.

They just bought one of my weeks for double what I paid for it just a few years ago.

Before you list it with anyone call Marriott's resell department for details. You might get more money from them than in the open market.
What did you pay for it? $1.00? ;)
 

ldodd

TUG Member
Joined
Jun 6, 2005
Messages
54
Reaction score
0
Points
216
Location
Indy
Resorts Owned
Marriott Maui Ocean Club
I submitted my Maui 2bdr/3 bath unit for a possible buy back online last night. I got an offer today that was insultingly low - about 1/8th of what I paid for it 10 years ago.
 

BocaBoy

TUG Member
Joined
Jun 5, 2009
Messages
5,267
Reaction score
366
Points
368
Location
Wisconsin
Resorts Owned
Maui Ocean Club--Lahaina/Napili Villas; Ko Olina Beach Club; Grand Chateau
Do you mean they're buying back to convey Weeks to the Trust? Could be. Or do you mean that Marriott is acting as the broker through that Resale Operations office for Weeks sold by owners, when they have a ready and willing buyer?
They are doing both. It is easy for a seller to tell which. With a Marriott buy-back, they offer a price with a $500 administrative fee in lieu of a commission and the price is lower than when they act as a broker. The seller may come out about the same in terms of net proceeds. In a buy-back, the deal closes very quickly. With a brokered sale, you have the more typical closing process, although it is very easy with Marriott in the picture. We sold an EOY Waiohai week which Marriott brokered in 2010, and Marriott bought back a Sabal Palms week from us in 2011.
 

mcow2011

TUG Member
Joined
May 28, 2011
Messages
84
Reaction score
0
Points
0
Location
Utah
What did you pay for it? $1.00? ;)
You got me $1.00 to $2.00 yippee

I paid $1,100 for the timeshare and sold it back for $2,700 after closing and transfer fees of $500 it will net me $2,200, double on my money. I own a few weeks and selling one for a quick double just made sense.
 

ronparise

TUG Member
Joined
Feb 10, 2011
Messages
12,454
Reaction score
1,769
Points
498
so whats this one on ebay worth

Marriott Lakeshore Reserve, Orlando Fl. 2 bed 2 bath, Platinum Season, Lockoff
how high can the buyer go and still get a double?
 

SueDonJ

Moderator
Joined
Jul 26, 2006
Messages
13,947
Reaction score
2,066
Points
849
Location
Massachusetts and Hilton Head Island
Resorts Owned
Marriott Barony Beach and SurfWatch
so whats this one on ebay worth

Marriott Lakeshore Reserve, Orlando Fl. 2 bed 2 bath, Platinum Season, Lockoff
how high can the buyer go and still get a double?
You don't know until you contact the Resale Operations office and ask. But they might not be willing to tell you unless you already own one, and if you do own one there's no guarantee that what other owners may have been offered in the past will be offered to you. What they buy back is very specific and appears to be situational depending on whether they have a buyer waiting in the wings.

:shrug: Doesn't appear to be a sure-fire way to make any money flipping Marriott resales.
 

fillde

TUG Member
Joined
Apr 23, 2008
Messages
536
Reaction score
112
Points
253
so whats this one on ebay worth

Marriott Lakeshore Reserve, Orlando Fl. 2 bed 2 bath, Platinum Season, Lockoff
how high can the buyer go and still get a double?
Wouldn't Marriott exercise ROFR?
 

jont

TUG Member
Joined
Aug 18, 2011
Messages
1,511
Reaction score
213
Points
174
Location
The Garden State
Resorts Owned
Enrolled in Marriott DC/
MOW /MGC /MCV / Trust Points
Wyndam National Harbor points
so whats this one on ebay worth

Marriott Lakeshore Reserve, Orlando Fl. 2 bed 2 bath, Platinum Season, Lockoff
how high can the buyer go and still get a double?
Ron
are you the seller? or is it just a coincidence?
 

jont

TUG Member
Joined
Aug 18, 2011
Messages
1,511
Reaction score
213
Points
174
Location
The Garden State
Resorts Owned
Enrolled in Marriott DC/
MOW /MGC /MCV / Trust Points
Wyndam National Harbor points

6scoops

TUG Member
Joined
Feb 1, 2010
Messages
480
Reaction score
27
Points
238
You got me $1.00 to $2.00 yippee

I paid $1,100 for the timeshare and sold it back for $2,700 after closing and transfer fees of $500 it will net me $2,200, double on my money. I own a few weeks and selling one for a quick double just made sense.
Very nice!
 

SueDonJ

Moderator
Joined
Jul 26, 2006
Messages
13,947
Reaction score
2,066
Points
849
Location
Massachusetts and Hilton Head Island
Resorts Owned
Marriott Barony Beach and SurfWatch
no coincidence, but I didnt want to make my post look like an ad.
I'm sorry, I thought you were asking from a buyer's vantage point and not a seller's. Now I'm guessing that you'll be contacting the Resales office to see if you can do better through them than through eBay?
 

BocaBoy

TUG Member
Joined
Jun 5, 2009
Messages
5,267
Reaction score
366
Points
368
Location
Wisconsin
Resorts Owned
Maui Ocean Club--Lahaina/Napili Villas; Ko Olina Beach Club; Grand Chateau
What they buy back is very specific and appears to be situational depending on whether they have a buyer waiting in the wings.
I don't think they very often, if ever, buy a week themselves in order to sell it. I think the ones they buy themselves are almost always for the Trust.
 

SueDonJ

Moderator
Joined
Jul 26, 2006
Messages
13,947
Reaction score
2,066
Points
849
Location
Massachusetts and Hilton Head Island
Resorts Owned
Marriott Barony Beach and SurfWatch
I don't think they very often, if ever, buy a week themselves in order to sell it. I think the ones they buy themselves are almost always for the Trust.
Poor choice of words, I should have said, "what they'll take back ..." or whatever words would mean that they'll be acting as a broker rather than buying inventory for themselves. Does that make more sense?
 
Top