Marriott - no more equity upgrades!

[thinze3]

I just received an email stating that Marriott is offereing extra incentives to those who purchase between now and the end of 2008, and that the equity upgrade appears to be going by the wayside.

Terry

Marriott Vacation Club is offering those customers that purchase weeks before the end of 2008 an extra incentive!
They make wonderful Christmas gifts and provide the best gift of all...your family and time spent with your loved ones.

We are very close to sell out at the Waiohai Beach Club, and have a very limited amount of inventory available at the newly beautifully renovated Kauai Beach Club.

Is another location is a better fit for you? I can help you with those properties as well. We currently have 3 properties that are offering pre-construction prices!

<Important Update> Read this - Equity Trade Update

It appears that starting in 2009 the Equity Upgrade Program will be suspended or going away completely.

If you are considering trading in one of your current properties towards something else within Marriott, this may be your last chance to have Marriott handle the entire transaction....

 

[jimf41]

No surprise about the equity trade. It was a horrible deal IMO. The last tour I took at Ocean Pointe I was offered a 3 BDRM Plat for my 2BDRM O/S plat plus $23000. She actually got angry when I laughed.

 

[Beverley]

Do they really believe all their "montra". She got mad?? That IMHO is a bit extreme. Granted Equity upgrades are a nice feature but to have to add the price of a new week to the trade-in as well has always put me off.

Every time I think I am up for an equity upgrade, I remember that the pricing is today's cost and your "credit" is only a percent of what you actually paid. In this way you lose any edge you may have had from buying preconstruction.

Beverley

 

[thinze3]

I think it is a viable option for those who really want to upgrade. I was offered MORE than 60% of current retail and about 70% of what I actually paid for my Legends Edge if I bought at the new Lakeshore Reserve in Orlando.

Terry

 

[dioxide45]

I think it is a viable option for those who really want to upgrade. I was offered MORE than 60% of current retail and about 70% of what I actually paid for my Legends Edge if I bought at the new Lakeshore Reserve in Orlando.

Terry

I am not surprised they are cancelling this program. Though they are not cancelling it because it was a bad deal for the buyer. They just don't want to take any units back, they want to clear inventory. By taking one back and losing one, they still end up with the same number of units and have to maintain MF on that returned one until it is resold. They appear to be in a liquidation mode to clear inventory.

 

[jerseyfinn]

I think it is a viable option for those who really want to upgrade. I was offered MORE than 60% of current retail and about 70% of what I actually paid for my Legends Edge if I bought . . . Terry

Yep, I agree with Terry. Don't knock it until you hear the entire deal out. It varies by property and situation. We do something similar with a Gold Ocean Pointe week when we purhase at Oceana Palms. We too get 70% of developer price which is a damned good deal in any timeshare market.

No surprise that Marriott suspends equity trades given the hole the economy is in at the moment and the price & buyer stagnation on the developer side of the equation.

Barry

 

[Andar]

Funny, they were using it as a "Sales" pitch on Tuesday night and NCV.:ignore: