Marriott exercising ROFR

[Lenora]

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]

I can't figure out when they exercise it. Interesting question. When you had it "taken back" what was the percentage?

 

[Zac495]

I had a Barony platinum taken at 14,000.
Cheers,
Ellen

 

[ironweed]

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]

Ironweed....where in the world did you ever hear that?

Brian

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]

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]

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]

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