SueDonJ
Moderator
- Joined
- Jul 26, 2006
- Messages
- 16,695
- Reaction score
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- Location
- Massachusetts and Hilton Head Island
- Resorts Owned
- Marriott Barony Beach and SurfWatch
** During 2022 Marriott Vacations Worldwide announced in Investor Meetings that Vistana timeshares would be integrated into the Marriott points system, and, that the Destination Club would be renamed Abound. After all details have been officially announced, this FAQ will be reviewed/edited to note the Abound name as well as any changes pertinent to Marriott timeshare ownerships. ** <-- SueDonJ
(Unless otherwise noted, all links herein will direct to owners.marriottvacationclub.com or to a post here on TUG. Some of the Marriott links will require sign-in to your MVC account. Please PM/email the moderator if links are not working.)
On 6/20/10 Marriott introduced its Marriott Vacation Club Destinations ("MVCD", "MVC Destinations" or "DC") program, a points-based timeshare product that allows for greater usage flexibility than the traditional weeks-based model. Briefly, the MVCD set-up consists of the Florida-based Land Trust to which Marriott may convey Weeks that are not owned by MVCI Owners as well as other non-MVCI Weeks inventory (i.e. Ritz-Carlton Club, Grand Residence Club, etc.); the MVCD Points which correlate to those conveyed intervals in 250-Point increments defined as, "Beneficial Interests" (BI); and, the affiliate MVCD Exchange Company through which inventory from the Trust and various other sources is mingled and may be reserved, and through which MVCI Weeks Owners, Ritz-Carlton Club Members and Grand Residence Club Members may participate.
*Note TUGger dioxide45 is maintaining this TUG thread compiling the ongoing Trust conveyances: Recorded Trust Documents.
Membership in the MVC Destinations program consists of purchases of DC Trust Points in BI increments, and/or, enrollment of MVCI/Club Weeks which Owners may elect annually to convert to DC Exchange Points. Owners of Trust Points are defined in the governing documents as Trust Members; Owners of enrolled Weeks are defined as Exchange Members. Here on TUG, Exchange Points are often referred to as Legacy Points, and Exchange Members as Enrolled or Legacy Members.
Members may use their DC Points in various ways through any of the MVCD "collections":
~~ Direct Purchase of DC Trust Points ~~
As of Apr '21, the base price is reportedly $14.91 per Point. There have been steady price increases since the MVCD introduction (similar to Marriott's Weeks system over its lifetime.) For historical pricing see this TUG thread: [2015] History of Marriott DC Point Price increases. Use this Pricing Information link at owners.marriottvacationclub.com to contact Sales personnel.
DC Trust Points purchases are subject to various minimums (e.g. existing owners/members may purchase fewer points than brand new purchasers,) and sold with various incentives such as volume price reductions, a one-time deposit of Single Use Points (as defined,) certain guaranteed Bonvoy status for a stipulated time, a one-time deposit of Bonvoy Points, and/or a waiver of the enrollment fee for eligible Week(s) which are enrolled simultaneously with a Points purchase.
***Note prices indicated here are NOT guaranteed, and neither is the availability of any certain incentives.*** It is necessary to speak with a Sales Associate to learn the base price and available incentives in effect at the time of a purchase, at which time a personalized guaranteed price quote will be determined based on a purchaser's individual situation.
~~ Enrolling MVCI Weeks in the DC ~~
What is the DC Points value of my Week(s)? Each Week in the MVCI system is allotted a stipulated amount of DC Points (which per the governing documents MVW has the ability to adjust, but there haven't been any such adjustments since the DC inception.)
~~ Other DC Costs ~~
- All Members must pay the annual Club Dues fee which is based on the number of DC Points that a Trust Member owns, or, for which an Exchange Member is eligible through all Enrolled Weeks, or, a combination of both. Effective with the 2021 invoices the fees are:
- DC Exchange Members must also pay annual Maintenance Fees for the underlying Week(s) which have been enrolled.
*See the Weeks FAQ of this TUG Marriott forum for links to current and historical Weeks MF's information, as well as historical DC Trust MF's information.
- European Members/Owners must also pay a VAT (Value Added Tax) which is added to their invoices.
~~ DC Membership Status Tiers ~~
Substantial changes were made to the Status Tiers effective 4/30/15. Because certain tiers/benefits were grandfathered based on the Status Tier held as of 4/29/15, this section includes all tiers since the DC introduction.
Status Tiers up to and including 4/29/15:
~~ Re-selling / Transferring Ownership of MVCD Trust Points and Enrolled Weeks ~~
DC Trust Points may be resold through any of the typical timeshare resales sites; Marriott is not currently buying back or brokering DC Points resales.
If stipulated fees are paid, full usage rights will transfer upon a resale to the buyer/new owner of DC Trust Points. Such fees include but may not be limited to:
Enrolled Weeks are sold exactly the same as un-enrolled Weeks; enrollment does not transfer from Seller to Buyer. Also, the Week cannot be re-enrolled by the buyer/new Owner because upon the sale the Week then becomes an external resale purchased after the eligibility deadlines.
Marriott allows ownership Transfers of DC Points and Enrolled Weeks among "Family Members" (as defined) with all usage rights assumed by the new Owner/Member. Marriott may or may not charge various related fees including an Initiation Fee or an Enrollment Fee if the new owner is not an existing DC Member at the time of transfer. For information contact the Owner Modifications office at 800-443-4391 or owner.modifications@vacationclub.com.
Any changes to the total number of DC Points in a Member's account will impact the Status Tier and associated usage/benefits of that account. Such changes include buying/selling of Trust Points and/or Enrolled Weeks, and placing ownership into a trust. It's strongly suggested that you contact Owner Modifications at 800-443-4391 or owner.modifications@vacationclub.com in advance if you have questions.
(Unless otherwise noted, all links herein will direct to owners.marriottvacationclub.com or to a post here on TUG. Some of the Marriott links will require sign-in to your MVC account. Please PM/email the moderator if links are not working.)
***** SECTION 1. THE BASICS *****
On 6/20/10 Marriott introduced its Marriott Vacation Club Destinations ("MVCD", "MVC Destinations" or "DC") program, a points-based timeshare product that allows for greater usage flexibility than the traditional weeks-based model. Briefly, the MVCD set-up consists of the Florida-based Land Trust to which Marriott may convey Weeks that are not owned by MVCI Owners as well as other non-MVCI Weeks inventory (i.e. Ritz-Carlton Club, Grand Residence Club, etc.); the MVCD Points which correlate to those conveyed intervals in 250-Point increments defined as, "Beneficial Interests" (BI); and, the affiliate MVCD Exchange Company through which inventory from the Trust and various other sources is mingled and may be reserved, and through which MVCI Weeks Owners, Ritz-Carlton Club Members and Grand Residence Club Members may participate.
*Note TUGger dioxide45 is maintaining this TUG thread compiling the ongoing Trust conveyances: Recorded Trust Documents.
Membership in the MVC Destinations program consists of purchases of DC Trust Points in BI increments, and/or, enrollment of MVCI/Club Weeks which Owners may elect annually to convert to DC Exchange Points. Owners of Trust Points are defined in the governing documents as Trust Members; Owners of enrolled Weeks are defined as Exchange Members. Here on TUG, Exchange Points are often referred to as Legacy Points, and Exchange Members as Enrolled or Legacy Members.
Members may use their DC Points in various ways through any of the MVCD "collections":
- The Marriott Vacation Club Collection - the internal network comprising Marriott Vacation Club resorts worldwide, in which Members may choose the check-in day, length of stay and unit size/view for each of their desired reservations.
- Within this MVC Collection, the Luxury classification was introduced 10/30/14 to include "... any Accommodation contained in the Trust that is located in a Ritz-Carlton Club, or is otherwise designated a “Luxury Property” by the Program Manager ..." (Note that the Ritz-Carlton Club, Vail property is specifically excluded from this Luxury classification because R-C Vail intervals were conveyed to the DC Trust, and classified MVC Collection, above, prior to this change.) - The Marriott Collection - representing Marriott-family hotels/resorts available to reserve with Bonvoy Points (Formerly Marriott Rewards, Bonvoy is the affiliate customer-loyalty program.)
- The World Traveler Collection - the system of affiliated resorts available for external exchange through Interval International.
- The Explorer Collection - including various travel options such as cruises, group tours, city packages and adventures, as well as items such as Travel Protection Insurance and airline tickets. Certain offers such as VIP Weekends at iconic city properties, and packages for Premier Events in college and professional sports are made available only to Members of higher status tiers. Offers in this collection vary widely and change frequently; see the Explorer Collection page on owners.marriottvacationclub.com for current offers and eligibility rules.
- 6/20/10 - At the MVCD introduction, Marriott immediately halted developer-direct sales of their MVCI Weeks product and offered DC Trust Points for purchase at the US resort and sales sites; and, offered the DC Enrollment option to existing Weeks Owners of the US and Caribbean resorts. Direct sales of the Weeks product continued only at Caribbean and European resorts.
- 6/18/12 - The MVCD program was introduced on a limited basis at the European resort sites, allowing the DC Enrollment option for all existing European MVCI Weeks. DC Trust Points are not yet available for purchase at the European resorts; Weeks are still available at the onsite sales centers.
- 12/27/12 - Developer-direct sales of MVCI Weeks were halted and purchases of DC Trust Points began at the Caribbean resorts.
~~ Direct Purchase of DC Trust Points ~~
As of Apr '21, the base price is reportedly $14.91 per Point. There have been steady price increases since the MVCD introduction (similar to Marriott's Weeks system over its lifetime.) For historical pricing see this TUG thread: [2015] History of Marriott DC Point Price increases. Use this Pricing Information link at owners.marriottvacationclub.com to contact Sales personnel.
DC Trust Points purchases are subject to various minimums (e.g. existing owners/members may purchase fewer points than brand new purchasers,) and sold with various incentives such as volume price reductions, a one-time deposit of Single Use Points (as defined,) certain guaranteed Bonvoy status for a stipulated time, a one-time deposit of Bonvoy Points, and/or a waiver of the enrollment fee for eligible Week(s) which are enrolled simultaneously with a Points purchase.
***Note prices indicated here are NOT guaranteed, and neither is the availability of any certain incentives.*** It is necessary to speak with a Sales Associate to learn the base price and available incentives in effect at the time of a purchase, at which time a personalized guaranteed price quote will be determined based on a purchaser's individual situation.
~~ Enrolling MVCI Weeks in the DC ~~
- All US and Caribbean resort Weeks purchased prior to 6/20/10, and all European resort Weeks purchased prior to 6/18/12, are eligible to be enrolled in the MVC Destinations program. Caribbean resort Weeks purchased direct from Marriott between 6/20/10 and 12/26/12 are also eligible for enrollment.
- Weeks purchased on the external resale market on or after the 6/20/10 (US and Caribbean) and 6/18/12 (European) introduction dates are NOT eligible for enrollment.
- Weeks purchased direct from Marriott Resales Operations are eligible if a purchase of DC Trust Points (equal to the amount of points for which the purchased Week(s) may be converted) is made within 12 months of the Weeks purchase.
- Two recurring sales incentives involve direct-purchases of either DC Trust Points or non-US-based Weeks, that allow for simultaneous enrollment of otherwise-ineligible previously-purchased Weeks. These incentives may be subject to begin-and-end dates, specific Trust Points minimum purchases and/or cut-off dates for the existing Weeks. See this ongoing thread: Ongoing Sales Incentive - Enrolling Post-6/20/10 Weeks [Merged]
What is the DC Points value of my Week(s)? Each Week in the MVCI system is allotted a stipulated amount of DC Points (which per the governing documents MVW has the ability to adjust, but there haven't been any such adjustments since the DC inception.)
- To determine the allotment for your particular Week(s) via your owners.marriottvacationclub.com account, click on "Enrollment" under "Managing Your Ownership" --> check the "I have read ..." box --> click "Start Enrolling Now" to get to the page that details the eligibility terms and DC Points allotments of your Weeks.
- TUGgers GregT and StevenTing have developed a document listing DC Points conversion and Bonvoy Points exchange values for MVCI Weeks as reported by owners, which is being hosted on an external website here: http://historical.vacationpointexchange.com
- For historical context, the Enrollment Fee at the DC introduction ranged between $595 and $1,995 with an Enrollment Incentive of 800 one-time Exchange Points.
- In 2014 MVW introduced a recurring Rollback Pricing incentive that allows enrollment of eligible Weeks at the original fees. Each recurrence is subject to incentive begin-and-end dates. Navigate through the "Enroll Now" process on owners.marriottvacationclub.com for current pricing.
- The Enrollment Fee for eligible Weeks purchased prior to 6/20/10 may be waived if you view specific Webinars offered by MVW. Scroll down to the "UNDERSTANDING THE BENEFITS OF ENROLLMENT" section on this Owner Learning Center page.
~~ Other DC Costs ~~
- All Members must pay the annual Club Dues fee which is based on the number of DC Points that a Trust Member owns, or, for which an Exchange Member is eligible through all Enrolled Weeks, or, a combination of both. Effective with the 2021 invoices the fees are:
- $215 Owners and Select Members
- $255 Executive and Presidential Members
- $280 Chairman's Club Members
- The Club Dues fee covers a corporate membership in Interval International's external exchange system, as well as most Marriott and II administration and transaction fees for DC Trust and DC Exchange Members.
- The Club Dues fee for DC Trust Members is included as a component of the annual MF's invoice, with payment due sometime during December/January.
- The Club Dues fee for DC Exchange/Enrolled Members is invoiced separately from the Weeks MF's bills, with payment due sometime during December/January.
- DC Exchange Members must also pay annual Maintenance Fees for the underlying Week(s) which have been enrolled.
*See the Weeks FAQ of this TUG Marriott forum for links to current and historical Weeks MF's information, as well as historical DC Trust MF's information.
- European Members/Owners must also pay a VAT (Value Added Tax) which is added to their invoices.
~~ DC Membership Status Tiers ~~
Substantial changes were made to the Status Tiers effective 4/30/15. Because certain tiers/benefits were grandfathered based on the Status Tier held as of 4/29/15, this section includes all tiers since the DC introduction.
Status Tiers up to and including 4/29/15:
- Standard Members own/can convert enrolled Weeks to up to 6,499 DC Points.
- Premier Members own/can convert enrolled Weeks to 6,500 - 12,999 DC Points.
- Premier Plus Members own/can convert enrolled Weeks to 13,000+ DC Points.
- Owners own/can convert enrolled Weeks to up to 3,999 DC Points.
- Select Members own/can convert enrolled Weeks to 4,000 - 6,999 DC Points.
- Executive Members own/can convert enrolled Weeks to 7,000 - 9,999 DC Points. Also, as grandfathered, Owners with 6,500 - 6,999 DC Points as of 4/29/15 are granted Executive status. However, if the Owner's total subsequently falls below the 6,500 formerly-Premier level, then 7,000 DC Points will be required to again achieve Executive status.
- Presidential Members own/can convert enrolled Weeks to 10,000 - 14,999 DC Points.
- Chairman's Club Members own/can convert enrolled Weeks to 15,000+ DC Points. Also, as grandfathered, Owners with 13,000 - 14,999 DC Points as of 4/29/15 are granted Chairman's Club status. However, if the Owner's total subsequently falls below the 13,000 formerly-Premier Plus level, then 15,000 DC Points will be required to again achieve Chairman's Club status.
~~ Re-selling / Transferring Ownership of MVCD Trust Points and Enrolled Weeks ~~
DC Trust Points may be resold through any of the typical timeshare resales sites; Marriott is not currently buying back or brokering DC Points resales.
If stipulated fees are paid, full usage rights will transfer upon a resale to the buyer/new owner of DC Trust Points. Such fees include but may not be limited to:
- $750/BI (i.e. 250 Points) with a minimum $3,000.00 Initiation Fee;
- $300 Owner Education Fee;
- $95 ROFR Fee;
- $25/BI Transfer Fee; etc.
Enrolled Weeks are sold exactly the same as un-enrolled Weeks; enrollment does not transfer from Seller to Buyer. Also, the Week cannot be re-enrolled by the buyer/new Owner because upon the sale the Week then becomes an external resale purchased after the eligibility deadlines.
Marriott allows ownership Transfers of DC Points and Enrolled Weeks among "Family Members" (as defined) with all usage rights assumed by the new Owner/Member. Marriott may or may not charge various related fees including an Initiation Fee or an Enrollment Fee if the new owner is not an existing DC Member at the time of transfer. For information contact the Owner Modifications office at 800-443-4391 or owner.modifications@vacationclub.com.
Any changes to the total number of DC Points in a Member's account will impact the Status Tier and associated usage/benefits of that account. Such changes include buying/selling of Trust Points and/or Enrolled Weeks, and placing ownership into a trust. It's strongly suggested that you contact Owner Modifications at 800-443-4391 or owner.modifications@vacationclub.com in advance if you have questions.
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