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Marriott Destination Points...They have done it!!!!!! {Merged}

tlwmkw

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Still can't get into the system to see what my points values might be.

The funny thing is that the PDF shows points values for all those weeks but until people sigh up there won't be any weeks available (except at new resorts that Marriott dumps into the system) so you can dream of a week at Barony Beach or in Hawaii but until there are weeks deposited your points are fairly valueless- so the question is what if you bought a bunch of points today- what could you even get for your points? This makes my head spin. I won't be buying any of these points, ever!!!

tlwmkw
 

dougp26364

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Marriott Grand Chateau
Marriott Shadow Ridge
Marriott Ocean Pointe
Marriott Destination Club Points
Hilton Grand Vacation Club Las Vegas Blvd
Grand Colorado on Peak 8
Spinnaker French Quarter Resort Branson
From the disclosure guide (which you can get to by clicking on the enroll now page on my-vacation club) here is the link: https://www.my-vacationclub.com/common/vc/en-us/pdfs/enrollment_legal_docs/disclosure_guide.pdf.

Marriott is selling this new system as the "MVC Exchange Company" and the guide provides information about the MVC Destinations Exchange Program. There are two types of members:

"1. Trust Members. This paragraph only applies to Trust Members. For so long as the Association governing the Trust Member maintains its Affiliation Agreement with the Exchange Company, such Trust Member will be granted privileges in the Program as a Member, subject to the terms and conditions set forth in this Disclosure Guide. Other than the Affiliation Agreement, there is no Program contract with any Trust Member separate and distinct from the Trust Member’s contract with the Developer for the acquisition of an Interest at an Affiliate Program. Membership in the Program is not an appurtenance to Interests. In order for a Trust Member to enjoy the benefits of Membership in the Program, the Affiliate Program Manager and/or the Association of the Trust Member’s Affiliate Program must have voluntarily entered into and maintain an Affiliation Agreement with Exchange Company. During the term of the Affiliation Agreement, Trust Members will have the right to voluntarily reserve and use the Accommodations that are a part of the Program as described in the Exchange Procedures. If a Trust Member desires to use the Accommodations outside the Trust Member’s Affiliate Program (e.g., outside the Trust Member’s trust) or access Exchange Benefits, from time to time, the Trust Member may voluntarily participate in the Program described in this Disclosure Guide and the Exchange Procedures. There is no guaranty that the renewal of any Affiliation Agreement will occur. Every Affiliation Agreement will have a two year term and may be renewed on a voluntary basis by mutual agreement of the applicable Association and Exchange Company. Members must comply with all of the terms and conditions of the Program as determined by Exchange Company."

AND

"2. Exchange Members. This paragraph only applies to Exchange Members. In order to enjoy the benefits of Membership in the Program as a Exchange Member, an owner of an Interest must have voluntarily entered into an Enrollment Agreement with Exchange Company. Membership in the Program is not an appurtenance to Interests. Exchange Members must comply with all of the terms and conditions for Membership in the Program. During the term of the Exchange Member’s Enrollment Agreement with Exchange Company and so long as a Exchange Member remains enrolled in the Program, Exchange Members will have the right to reserve and use the Accommodations and facilities that are a part of the Program in accordance with the Exchange Procedures. If a Exchange Member desires to use the Accommodations outside the Exchange Member’s Affiliate Program or access Exchange Benefits, from time to time, the Exchange Member may voluntarily participate in the Program described in this Disclosure Guide and the Exchange Procedures. There is no guaranty that the renewal of any Enrollment Agreement will occur. Every Enrollment Agreement will have a one year term and may be renewed on a voluntary basis by the Exchange Member. Members must comply with all of the terms and conditions of the Program as determined by Exchange Company."

Here is the information on RESALE & RENTING:

Base Exchange Benefits, Base Plus Exchange Benefits, and Exchange Benefits. Exchange Company may offer Exchange Benefits other than Base Exchange Benefits and Base Plus Exchange Benefits to certain Members, from time to time. Exchange Company reserves the right to establish such rules and regulations as it deems necessary to adequately govern Member access to Exchange Benefits which may include certain fees. In addition, Exchange Company reserves the right to restrict the offering or use of any Base Plus Exchange Benefits and Exchange Benefits to certain Members, including, without limitation, allowing use of such Exchange Benefits only to those Members who purchase their Interests from an Approved Broker. The Exchange Benefits are subject to separate terms and conditions, which may be changed, substituted, or eliminated without prior notice. Some Exchange Benefits may be provided by independent third parties and Exchange Company expressly disclaims responsibility for the acts or omissions of any persons or entities providing Exchange Benefits.
a. Trust Members. Upon the sale of an Interest, Exchange Company may require the payment of an initiation fee. (The current initiation fee is $200 per Interest with a $2,000 minimum initiation fee; however, Exchange Company reserves the right to adjust the amount of the initiation fee from time to time and to waive the initiation fee on a case-by-case basis in Exchange Company’s sole and absolute discretion.) Until payment of any required initiation fee is received (or waived by Exchange Company), the owner of such Interest(s) will not be entitled to Base Plus Exchange Benefits or Exchange Benefits; however, payment of the initiation fee will allow access to the Base Plus Exchange Benefits. If the purchase of an Interest is not made from an Approved Broker, then the owner of such Interest(s) may not be entitled to Exchange Benefits in Exchange Company’s sole and absolute discretion, even if the initiation fee is paid. Additional payments may be required to access the Exchange Benefits.
b. Exchange Members. If a purchaser of a Exchange Member’s Interest does not pay the then-current enrollment fee and enroll in the Program, such purchaser will not be entitled to be a Member and will not be permitted to access the Program in any manner.
2. Personal Use; Commercial Purposes. Accommodations, Base Exchange Benefits, Base Plus Exchange Benefits, Exchange Benefits, and Use Periods may not be used for any commercial purpose. This prohibition on commercial use includes, but is not limited to, any illegal activity or a pattern of occupancy, rental, leasing, or use by a Member that Exchange Company, in its reasonable discretion, could conclude constitutes a commercial enterprise or practice. In the event a Member is determined to be reserving or using the Accommodations, Base Exchange Benefits, Base Plus Exchange Benefits, Exchange Benefits, and Use Periods for any commercial purpose Exchange Company may immediately cancel any current reservation(s) made by such Member and may impose such additional penalties or restrictions as determined by Exchange Company, in its sole and absolute discretion, from time to time. The restrictions of this paragraph do not apply to Exchange Company or its affiliates or designees."

WOW! So if I read this correctly and, if you buy in as a trust member and later want to sell your trust interest, Marriott is going to hit the new owner with a $2,000 initiation fee! That has to be the highest transfer fee in all of timeshare land.

Since points aren't attached to anything other than the right to exchange, excluding a resale owner from the actual "exchange company" renders trust points worth less than nothing. In fact, they're worth -$2,000 IMHO.
 

thinze3

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Finally got in!

Waiohai Beach Club platinum 4225 pts
(week 44)
BeachPlace Towers platinum 3225 pts
(week 3)
Legends Edge platinum 2250 pts
(week 31)

All in all it appears to be about right. It essentially would take two weeks at Legends Edge to trade into Waiohai.
 

NJDave

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Everything you mentioned could happen, but availability of Marriott weeks in II could get worse independent from your decision to enroll to the new program or not. So your decision to join should only be dependent on how you value the additional benefits/options.


In my case, I do not want to spend another $1,500 (or $2,000) to convert when the value of my timeshare may now be worth less then $1,500 each. The conversion fee is lost if you sell. If the exchange possibilites to other Marriotts greatly diminishes, so does the value of the timeshare.
 

Asia2000

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I would guess the answer to that would be the same as before this program rolled out, which would be an emphatic NO! The previous points program did not transfer. Why would they transfer this one?

Seems to me they single handedly killed off both the resale market (or atleast tried to), and perhaps Redweek, et al. rentals as well????

Thanks for the response. I think you are probably correct with the NO answer. However, in the end, it is still the same 400,000 owners battling for the same 52 weeks at 50+ resorts. Points or deeds, the demand will be the same. Actually less, because point users instantly lose value or have the amount of time they can stay at resorts immediately slashed.

Pay $595 or $695 or $1,495 or $1,995 and shazam! you just took at 10% to 25% drop in the redemption value of your timeshare. Plus the idea of upgrading (1bdrm to 2 bdrm) appears to be gone. If you get beat over the head enough times, you begin to like it? or at least think, this is normal. Not I nor the TUG community.

If people choose not to go points, they will have to sell every "new to timeshares" prospect to make the program fly.

Not to sound too negative, but I find it interesting that in the Interval Buyers Guide PDF you will find on page 50, a list of timeshare programs with 101-250 members. Guess who made that list, Marriott's Asia Pacific Membership Club. Ouch! I'm thinking Marriott didn't want that in the book. 4 plus years of selling and less than 250 members??
 

wsrobinson

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Has anyone figured out or address whether external point values are less than the internal values for the same weeks?
 

TheTimeTraveler

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You must close on the Marriott resale purchase before 6/20/2010. It is too late to buy resale now & be officially eligible to join the new program. I would hope Marriott finds a reasonable exception to this rule for future resale buyers. I see Marriott priced initial enrollment higher for existing resale buyers. I am ok with that difference. What about FUTURE resale buyers. Does Marriott want me? I waited for the details, now I see no reason to rush to buy if I cannot join the new program. Without an exception, I might as well wait to see if folks who don't join remain happy with their home resort season availability. ;)


'

If you plan to buy resale, put into the contract that the current owner must join the new system prior to your closing on it.

Under that scenario I would think those benefits would then transfer to the new buyer.


.


.
 

abdibile

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Perhaps in the long run overall availability (especially for classic weeks owners) of high demand weeks even improves?

In the old system evryone was jumping on the best weeks in their season as soon as possible (12 or 13 months out).

For points owners peak weeks are relly expansive and lots of them probably decide to prefer two off-season weeks over one peak season week and there are more peak season weeks available to other owners.
 

erm

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Florida Club

Just called owner services and found out that Florida Club will remain the same. I own an EOY Legend's Edge and will be able to reserve at the other Florida Club properties at the 6 month mark. Let's see what inventory is available at that point this year. It seems like the new program is not something that will be advantageous to me as the owner of a fixed week 30 at Harbour Point HHI and the MLE platinum plus week. I hope lots more Marriott owners feel like I do and we'll continue to get decent trades through II !!!!
 

thinze3

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They are charging separate fees for resale vs developer. For me one developer week the cost is $595, and two resales are $1995. if I do all three the cost is $2590.
 

abdibile

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Not to sound too negative, but I find it interesting that in the Interval Buyers Guide PDF you will find on page 50, a list of timeshare programs with 101-250 members. Guess who made that list, Marriott's Asia Pacific Membership Club. Ouch! I'm thinking Marriott didn't want that in the book. 4 plus years of selling and less than 250 members??

I can't belive that. Everytime I was at the Phuket owners party lots of people there seemed to be points owners. I can not imagine that so many of 101-250 were on Phuket at the same time.
 

NJDave

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WOW! So if I read this correctly and, if you buy in as a trust member and later want to sell your trust interest, Marriott is going to hit the new owner with a $2,000 initiation fee! That has to be the highest transfer fee in all of timeshare land.

They also reserve the right to adjust [increase] the amount of the initiation fee.
 

abdibile

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They are charging separate fees for resale vs developer. For me one developer week the cost is $595, and two resales are $1995. if I do all three the cost is $2590.

No! It is capped at $1995 (but can currently only be entolled over the phone, not online)
 
L

laurac260

ok, so NOW when Joe "never heard of timeshare ownership but might want to buy now" Public goes to a Marriott sales presentation, what is he buying? A deeded week? A membership to a vacation club? And how much will it cost him?
 

thinze3

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scratch that - fine print says differently

They are charging separate fees for resale vs developer. For me one developer week the cost is $595, and two resales are $1995. if I do all three the cost is $2590.



If you are a multiple-week Owner who purchased directly from Marriott Vacation Club International and externally please do not enroll online. Instead, please contact Owner Services, as the total amount of your enrollment should not exceed $1,995.
 

1965

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i own (4) marriott Desert Springs/Platinum/annual use/two bedroom lock offs?

If i join the MVC/Points system?
can I use
MVC Points for (1) or (2) weeks per year
than
MVC weeks for (3) or (2) weeks per year?

or all (4) weeks MVC points? or all (4) weeks MVC weeks?
 

NJDave

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They are charging separate fees for resale vs developer. For me one developer week the cost is $595, and two resales are $1995. if I do all three the cost is $2590.



Somehwere I read that you only pay a maximum of 1,995.
 
L

laurac260

'

If you plan to buy resale, put into the contract that the current owner must join the new system prior to your closing on it.

Under that scenario I would think those benefits would then transfer to the new buyer.


.


.

Why would you assume that benefits would transfer to a new resale purchaser, when the previous points program did not transfer?

And...what does this do to all the rewards points we have been collecting? Anything???
 

hipslo

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I am being offered 5350 points for each of my mountainside platinum weeks, and 1325 for my fairway villas week, all purchased resale. So far I can't seem to access the calendar telling me what it would cost to reserve a feb/march week at mountainside, which I have never had any trouble doing in the past, but somehow I think it will be more than 5350.

I sincerely hope that no platinum owners at mountainside fall for this nonsense, since, as a sold out resort, it seems that the only weeks that marriott could remove from the "weeks" inventory are those held by owners who convert.

My worry, though, is that there will be some owners who convert, and the inventory is then allocated in a manner that is other than pro rata by week and by check in day. So far I have seen nothing in the materials released that gets into how the inventory is to be allocated. "Hello marriott, this is marriott" doesnt give me a lot of comfort.

Those of you who don't think marriott will game the system to tilt the inventory allocation in favor of points probably also didnt think that marriott would, in many cases, award a number of points to those converting that are not sufficient to enable the converting owners to reserve many (most? all?) of the weeks in their existing season.

No way am I converting. It seems that only time will tell whether I will continue to be able to reserve the weeks in my season that I always have. I suspect it will become more difficult. Hoepfully it will not become impossible. I paid a lot of money for my weeks, even resale.
 

dougp26364

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Marriott Shadow Ridge
Marriott Ocean Pointe
Marriott Destination Club Points
Hilton Grand Vacation Club Las Vegas Blvd
Grand Colorado on Peak 8
Spinnaker French Quarter Resort Branson
They are charging separate fees for resale vs developer. For me one developer week the cost is $595, and two resales are $1995. if I do all three the cost is $2590.

Marriott has listed the maximum cost as $1,995. I believe they've asked owners of resale weeks to call them rather than try to enroll online. Perhaps the online system doesn't recognize this cap.

OPPS, this thread moves to fast. I see this has been addressed multiple times already.
 

thinze3

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If I understand this correctly, resale owners who wish to sell in the future would have value if they join the program first. The future buyer would be able to pay $2000 and join the program. This would be much cheaper than buying points from Marriott.
 

erm

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Terry, 2 Legend's Edge weeks = 1 Waiohai week. At approximately $2000 I would think you'd be able to rent that Waiohai week from an owner without too much trouble.
f
 

timtax

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Hidden Fee

They will look at the week number you have on your deed. That is what it showed when I tried to enroll. The assigned deeded week I have for my Platinum Grande Vista week is 4, which just happens to be one of the lowest points value in their new chart for a platinum week at Grande Vista. I only get 2775 points. However, according to their chart just about all the other platinum weeks require more than 3000 points. That is terrible. I am not happy at all with my first look at how this thing works. I had no choice at what deed platinum week I got. It was chosen for me.

The difference between the value assigned to you for your unit and the price to use points to reserve that week is just a hidden marriott fee or rental commission for making the exchange. It is simply the cost to exchange vs use your week.
 
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