Marriott vacation point cost

[kdorward]

Thinking about buying additional marriott points resale. What are the cost that you have to pay Marriott. What is a good price to pay for resale points

 

[Fasttr]

This may help…

Points Resale Purchase Calculator

 

[TXTortoise]

Thinking about buying additional marriott points resale. What are the cost that you have to pay Marriott. What is a good price to pay for resale points

A unicorn deal passed at $1.50/point recently, but most seem to be in the $3/point +\- range.

ROFR.net

 

[dioxide45]

A unicorn deal passed at $1.50/point recently, but most seem to be in the $3/point +\- range.

ROFR.net

The question always is, what price was actually submitted for ROFR? I looked at a recent contract that will be submitted at around $5.5K for MGV, but the buyer is only paying about $3K and the "seller" is bringing $2.5K to closing in the form of "broker fees". That $2.5K is on a contract addendum that I doubt will be sent to Marriott. No doubt a PCC type operation where the owner pays a big fee to the outfit to get out of the timeshare. It is quite possible that Marriott saw a far different number than $1.50pp on that recent unicorn.

 

[TravelTime]

I am seeing some asking prices for points in the $1.70 to $1.90 range for 3500 points. It sounds like a great price. Do you think MVC would let this pass?

I am thinking of buying 3500 points to get me to Chairman’s Club level since points are so cheap now and it is possible they will enhance Chairman’s Club in the next year or two. It would be nice to get grandfathered at this level.

 

[vacationtime1]

I am seeing some asking prices for points in the $1.70 to $1.90 range for 3500 points. It sounds like a great price. Do you think MVC would let this pass?

I am thinking of buying 3500 points to get me to Chairman’s Club level since points are so cheap now and it is possible they will enhance Chairman’s Club in the next year or two. It would be nice to get grandfathered at this level.

What we think is irrelevant. There's only one way to find out what Marriott thinks.

But if you really want Chairman's level (I don't see the value, but many here differ), don't lose it over $1,750 extra (an additional $0.50/point).

 

[dioxide45]

I am seeing some asking prices for points in the $1.70 to $1.90 range for 3500 points. It sounds like a great price. Do you think MVC would let this pass?

I am thinking of buying 3500 points to get me to Chairman’s Club level since points are so cheap now and it is possible they will enhance Chairman’s Club in the next year or two. It would be nice to get grandfathered at this level.

There is no guaranty of grandfathering if they simply add an additional level on top of Chairman's. If you only have enough points for Chairman's, they won't necessarily give you the new next level up. Only buy into Chairman's if the current benefits make sense.

 

[Mroze]

There is no guaranty of grandfathering if they simply add an additional level on top of Chairman's. If you only have enough points for Chairman's, they won't necessarily give you the new next level up. Only buy into Chairman's if the current benefits make sense.

Heard the same at our presentation this week.
The new level "Ambassador" will be rolled out in Q1-2022 and would require a minimum of 20K-DCP to qualify.
Marriott will not grandfather any Chairmans-Level owners. Currently ~80% of Chairmans-Level members own more than 20K-DCP.
We are Chairmans and don't see much value in going from Presidential to Chairmans.
The rep also failed to explain the value in going from Chairmans to Ambassador.

 

[TravelTime]

There is no guaranty of grandfathering if they simply add an additional level on top of Chairman's. If you only have enough points for Chairman's, they won't necessarily give you the new next level up. Only buy into Chairman's if the current benefits make sense.

I thought Marriott always grandfathers whatever level you are at even if they increase the points requirement. In the past, I have heard they have done that.

I like that you can bank for 2 years with Chairman’s level but that’s the only benefit right now.

 

[dioxide45]

I thought Marriott always grandfathers whatever level you are at even if they increase the points requirement. In the past, I have heard they have done that.

I like that you can bank for 2 years with Chairman’s level but that’s the only benefit right now.

They have in the past, but perhaps not if they create a new higher level and leave existing levels along.

 

[SueDonJ]

I thought Marriott always grandfathers whatever level you are at even if they increase the points requirement. In the past, I have heard they have done that.

I like that you can bank for 2 years with Chairman’s level but that’s the only benefit right now.

The DC was introduced in 2010 and the status tiers have been adjusted only once since, in 2015. Although they did grandfather existing owners at the time, there's nothing in the governing docs that required it or that says because they did it once they must do it again. As others have said, if you're thinking about buying do it based on what's on the table now and not what might change in the future.

Info about the status tiers from this forum's sticky thread, FAQ - MVC DESTINATIONS Points Program:

~~ 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.

Status Tiers effective 4/30/15:

• 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.

Membership status tiers determine various usage rules and options. See this "Benefits At A Glance" chart for a brief synopsis of some of those variances. Note under the compilation chart each level is broken down separately so you can print only the page that applies to your status tier.

 

[Fasttr]

I thought Marriott always grandfathers whatever level you are at even if they increase the points requirement. In the past, I have heard they have done that.

Also, the last time, for at least one benefit - Trade for Bonvoy Points (MR points back then) - not getting grandfathered would have forced a loss of benefits as the old Premier Plus status allowed for 75% of your DC points to be converted to Bonvoy points, but the current Presidential status only allows for 65% of your DC points to be converted. So they needed to grandfather so that nobody lost any benefits. It would be very possible to create a brand new status level above current Chairman's whereby no benefits are lost to any of the current tiers. And as such.... if you were Chairman's and stayed at Chairman's, you lost nothing.... thus no need to grandfather anybody.

Here is a link to the original status tiers.... https://www.marriottvacationclub.com/common/cms/mvc/pdfs/owners/benefits_chart.pdf

 

[kds4]

They have in the past, but perhaps not if they create a new higher level and leave existing levels along.

Agreed. There was a 'realigning' of existing ownership levels when the last grandfathering actions occurred. Simply adding a new level without adjusting any requirements of the lower levels makes it far easier to stop grandfathering anyone. If anyone will get a 'free' ride regarding the new level, it will be those that already own at least the new minimum points required for the new level. They are not being grandfathered. It's more like they are dividing Chairman's Club and those on the upper end of the points ownership range at x points or above will just get reclassified to the new level.