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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?
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.....
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.....
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
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