• 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 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 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 $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • 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!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Marriott exercising ROFR

Lenora

TUG Member
Joined
Jun 7, 2005
Messages
159
Reaction score
0
Points
16
Location
Ontario
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?
 

Smooth Air

TUG Member
Joined
Dec 9, 2005
Messages
1,335
Reaction score
2
Points
36
I can't figure out when they exercise it. Interesting question. When you had it "taken back" what was the percentage? :confused:
 

Zac495

TUG Member
Joined
Jun 6, 2005
Messages
3,108
Reaction score
104
Points
448
Location
Philadelphia, PA
I had a Barony platinum taken at 14,000.
Cheers,
Ellen
 

ironweed

TUG Member
Joined
Jun 6, 2005
Messages
196
Reaction score
0
Points
16
Location
New York Capital District
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.....
 

pwrshift

Tug Review Crew: Rookie
TUG Member
Joined
Jun 6, 2005
Messages
5,529
Reaction score
29
Points
483
Location
Toronto
Resorts Owned
Marriott Manor Club - 3 weeks platinum, 2 weeks at Marriott Beachplace Towers, and 1 week at Marriott Canyon Villas
Ironweed....where in the world did you ever hear that?

Brian

ironweed said:
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.....
 

Dave M

TUG Lifetime Member
Joined
Jun 16, 2004
Messages
12,242
Reaction score
12
Points
623
Location
Sun City Hilton Head, SC
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.
 

Lenora

TUG Member
Joined
Jun 7, 2005
Messages
159
Reaction score
0
Points
16
Location
Ontario
Ironweed,

I have owned multiple Marriott weeks in the past and was always on time with my maint. fees, left the units spotless and have excellent credit.
 

jd2601

Tug Review Crew
TUG Member
Joined
Jun 6, 2005
Messages
438
Reaction score
106
Points
403
Location
Minneapolis
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
 
Top