Has anyone had Marriott do this recently? I specifically wondering about Hilton Head but would be interested to hear of any.I had one taken back in the spring and am wondering if it's kind of a random thing or of it's the norm now?
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Marriott exercising ROFR
- Thread starter Lenora
- Start date
Smooth Air
TUG Member
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I can't figure out when they exercise it. Interesting question. When you had it "taken back" what was the percentage? 
Zac495
TUG Member
I had a Barony platinum taken at 14,000.
Cheers,
Ellen
Cheers,
Ellen
ironweed
TUG Member
It is my understanding that Marriott uses their ROFR pimarily to control who they want to become owners. If they believe a "discount" buyer may have a credit problem, or was a poor owner in the past (late annual fees, etc), that is when they wil take ROFR.....
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Ironweed....where in the world did you ever hear that?
Brian
Brian
ironweed said:
Dave M
TUG Lifetime Member
I second Brian's question, Ironweed.
That's the first time that anyone has suggested that Marriott has such a policy. If in fact they do have such a policy, one would think that a whistleblower would have told the media about such a terrible policy. I can see the headlines now! (But I haven't seen them!)
How would they ever figure out such information about a potential buyer?
All of the information gathered here based on 15-20 reports of ROFR exercises by Marriott suggest that Marriott exercises only when there is a week that is in heavy demand for Marriott resales that is offered in a proposed sale at a price substantially below Marriott's current pricing.
That's the first time that anyone has suggested that Marriott has such a policy. If in fact they do have such a policy, one would think that a whistleblower would have told the media about such a terrible policy. I can see the headlines now! (But I haven't seen them!)
How would they ever figure out such information about a potential buyer?
All of the information gathered here based on 15-20 reports of ROFR exercises by Marriott suggest that Marriott exercises only when there is a week that is in heavy demand for Marriott resales that is offered in a proposed sale at a price substantially below Marriott's current pricing.
Lenora, what type of week did Marriott excercise their ROFR? I recnetly purchased a Grande Ocean Gold week. I was wondering if it is primarily Platinum weeks? Thanks jd2601