Marriott Grand Residence, South Lake Tahoe

[bcottle]

Is anyone out there in TUG land an owner at the Marriott Grand Residence in South Lake Tahoe? If so, I would like to hear from you. I haven't been able to locate a discussion of that resort on this system. Trading experiences, etc.

 

[GregT]

There are several owners over on the VPE (linked below). You may wish to contact them there. Good luck!

Best,

Greg

 

[Bnov]

Try reaching out to SnowDogDad via PM. You will find his responses on some older posts if you do an Advanced Search of TUG via Google.

 

[dioxide45]

I would expect it to be a rather expensive trader. They were not sold as single week timeshares, but rather fractional. I think the smallest they sold was three weeks, or perhaps four. MFs would probably be pretty high. I see units sitting out on II pretty often. They charge owners and exchangers a parking fee.

 

[frank808]

Hammer away i am an owner there. Owners at grand residence do not pay a parking fee for one vehicle. If you rent a unit from an owner you get free parking for one vehicle. If you trade in or rent from marriott you are charged parking. PM me your questions. Thanks

 

[frank808]

I would expect it to be a rather expensive trader. They were not sold as single week timeshares, but rather fractional. I think the smallest they sold was three weeks, or perhaps four. MFs would probably be pretty high. I see units sitting out on II pretty often. They charge owners and exchangers a parking fee.

Yes 3 weeks is the minimum to own there.

 

[steve b]

I own 3 quatershares at MGR. My ownership began preconstruction when owned by American Ski Corp. Happy to answer questions. My main use is now for rentals on Vacation Point Exchange an excellent site

 

[frank808]

I own 3 quatershares at MGR. My ownership began preconstruction when owned by American Ski Corp. Happy to answer questions. My main use is now for rentals on Vacation Point Exchange an excellent site

Making good use of those tens pf thousands of dc points?
If i could enroll my quarter shares i would do the same!! Better than trying to rent the actual units.
Btw do you have to deposit all the weeks or can you choose to deposit specific weeks for dc points?

 

[steve b]

You can select whichever units you wish to exchange for destination club points and keep the rest for personal usage/rental or conversion of 2 weeks annually to marriott rewards points. I have always rented out my units through the Marriotts owner rental program unti the DC program was rolled out. My net rentals are much higher by renting out the DC points on VPE website. Since I own a 1 bedroom and two studios, the recent sweet spot for me has been, exchanging 2 weeks in each unit quatershare for marriott rewards points, 1 off season unit deposited in II, and the rest in DC points which are easy rentals. That gives me 500,000 marriott rewards points annually for which I redeem mostly for for 250k 5night vacation packages, and about a 200 percent return annually on the approximately 16k annual maintenance fee, a very decent residual income and lots of personal travel
steve b

 

[frank808]

Glad the system works. I currently have a studio and 1br quarter each. Looking to add another studio and 1br soon. As soon as that happens i plan to enroll all 4 quarters in the dc points program by buying the required destination points. Then do the same for converting to mrp and dc points.

 

[dioxide45]

Glad the system works. I currently have a studio and 1br quarter each. Looking to add another studio and 1br soon. As soon as that happens i plan to enroll all 4 quarters in the dc points program by buying the required destination points. Then do the same for converting to mrp and dc points.

Don't the weeks have to have been purchase from Marriott resale department, and within the year prior to when you purchase DC points? I would think it would take a rather hefty DC point purchase to buy the equivalent number of points...

 

[SnowDogDad]

I just came across this thread. Not sure if the original poster is still monitoring the thread.... I have been 'off-line' this summer moving from Hawaii to Colorado. Just getting back in the swing of things.

The GRCLT has a few options for 3-week ownership, a few options for 5 week ownership, but the majority of ownership options are 13-weeks per year. Your ownership is deeded and you have the same unit each time you occupy, but the weeks are different year-to-year. So, every 4th year, you get Christmas / New Years (for 13-week owners).

Marriott does offer an expensive option enroll weeks purchased after March 2013 in to DC. Expensive. I was quoted 5,000 trust points *plus* taxes *plus* a $5,000 enrollment fee. That option might make sense for some people, but not necessarily everyone.

I have 3 quarters of a 1-bedroom and then 1 quarter of a 3-bedroom. I originally bought in to the property because I wanted to go 2 or 3 times per year but the weeks I would want to occupy would vary. Except for a ski week or two, I have found my favorite times there to be off-season rather than high-season.

I use a 3rd party rental service that I'm happy with. I enrolled my 3-bedroom in DC and that gives me a LOT of excess DC points.

The property itself is in very excellent shape and, IMHO, run by one of the best Marriott management teams in the MVCI/MWC system. If you like to ski Heavenly, you can't beat the location. The property fronts on Lake Tahoe Blvd, but I have never had noise issues when I have stayed on that side. Both of my units face the pool and it is usually nosier, but it closes at 10pm.

If anyone is still curious, feel free to ask.