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Marriott Vacations Worldwide (VAC) purchase of Interval Leisure Group (ILG) discussion!

iqmavin

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Yes it is prior to 2010. Also have a mandatory property that I just purchased. We’re going to join destinations club as it is now free. Since we currently have 246,000 Star options and we aren’t sure what will happen in the relationship of Star options to Marriott points I think we’ll probably pass on the great deal they offered us. Our sales associate said something I didn’t fully grasp.....40 fo 1 ratio Marriott points to Star options? That would make sense as our St Johnproperty is 196,000 options.
That woul translate to 4900 marriott points? The two properties might be comparable.

I also avoid the Kool-aid when possible.
If I understand correctly, you have a pre 2010 week. That week is not currently enrolled. There have been offers lately to be able to enroll such weeks for free. That being the case, what they are essentially selling you is a silver resale week, and, enrolling it. For a silver resale week at Marbella, that's very expensive. But, if you feel the value is there for the points aspect, go for it. Understand you could always enroll your week for free, and then merely purchase points on the resale market as you need them for 65c/pt or so. The gain would be no upfront money at all. The loss would be no executive level. Executive has a few perks like using points very cheaply within 30 days of the stay, and, the ability to often arrange for less than a weeks stay. I agree with JimInNC that the per point cost is very cheap.
 

kds4

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Yes it is prior to 2010. Also have a mandatory property that I just purchased. We’re going to join destinations club as it is now free. Since we currently have 246,000 Star options and we aren’t sure what will happen in the relationship of Star options to Marriott points I think we’ll probably pass on the great deal they offered us. Our sales associate said something I didn’t fully grasp.....40 fo 1 ratio Marriott points to Star options? That would make sense as our St Johnproperty is 196,000 options.
That woul translate to 4900 marriott points? The two properties might be comparable.

I also avoid the Kool-aid when possible.

There is a 40:1 ratio when converting MVCI Destination Club Points (DPs) you own into Marriott Rewards Points (MRPs) that will be deposited into your MR account. To my knowledge, there is no published conversion ratio for Star Options to Destination Club points, at least not yet.
 

bizaro86

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There is a 40:1 ratio when converting MVCI Destination Club Points (DPs) you own into Marriott Rewards Points (MRPs) that will be deposited into your MR account. To my knowledge, there is no published conversion ratio for Star Options to Destination Club points, at least not yet.

They can't even talk about that until after they merge into one company, so anything will be announced well after the merger I would think.
 

dioxide45

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There is a 40:1 ratio when converting MVCI Destination Club Points (DPs) you own into Marriott Rewards Points (MRPs) that will be deposited into your MR account. To my knowledge, there is no published conversion ratio for Star Options to Destination Club points, at least not yet.
Correct. 40:1 is just someone guessing. I am guessing is may be closer to 30:1. Though still a guess. I also don't expect them to do StarOption to DC point conversion except for those that would own in a Vistana Flex product. I suspect for weeks owners, they will assign a certain number of DC points based on resort, view, season and unit size.
 

icydog

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"There is no good reason to start multiple threads in forums for resort systems that are not even involved." Really? I entirely disagree with you. I believe that this topic has a place in each of the places where it sits, or once sat.

This merger has widespread implications, and as an owner with Diamond (not by choice) and DVC (and several other developers), I can say with certainty, that this merger has implications on both brands, one being the opportunity for one or the other to escape or be evicted from their current exchange company relationship. Unfortunately, because of your short sightedness, you have chosen to deny TUG members, who are DVC or Diamond owners/enthusiasts the opportunity to talk about/rally for a defection, in the context of MVW's acquisition of ILG.

I've taken my post down. My question has been asked and answered.
 
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dougp26364

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I bet when all is said and done, for owners who want to play across all brands, they come up with something that involves a joiner fee, just like they did for weeks owners wanting to play in the DC points pool.
 

iqmavin

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There is a 40:1 ratio when converting MVCI Destination Club Points (DPs) you own into Marriott Rewards Points (MRPs) that will be deposited into your MR account. To my knowledge, there is no published conversion ratio for Star Options to Destination Club points, at least not yet.
Ok that makes sense. It never seems to me to make sense to trade DC points or SPG options into rewards points. Don’t get the bang for your buck even if the 5th night is free.

I haven’t figured out how to leverage that yet.
 

TravelTime

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Unfortunately for Vistana purchasers, the staroptions associated with a unit are not deeded, and Vistana could change the system at their whim. Hopefully, they won't, but they could...

I am a Marriott owner and a Westin owner. I am excited about the upcoming changes and the possibility of combining all three programs into one. I think I would be happier having my deeded weeks plus the option to elect to convert to DC points. I have no idea what they will do it but I suspect Marriott will be fair. I do have a question. On the Vistana thread, many Vistana owners are upset with the possibility that StarOptions could be converted to DC Points and/or that the new VOC may not allow resale weeks to transfer to new owners with StarOptions (if the Vistana program is completely dismantled). Many people there are adamant that this is impossible and would cause a huge lawsuit. You mentioned here that: “staroptions associated with a unit are not deeded, and Vistana could change the system at their whim.“ Can you or others explain this more?
 

dioxide45

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I am a Marriott owner and a Westin owner. I am excited about the upcoming changes and the possibility of combining all three programs into one. I think I would be happier having my deeded weeks plus the option to elect to convert to DC points. I have no idea what they will do it but I suspect Marriott will be fair. I do have a question. On the Vistana thread, many Vistana owners are upset with the possibility that StarOptions could be converted to DC Points and/or that the new VOC may not allow resale weeks to transfer to new owners with StarOptions (if the Vistana program in completely dismantled). Many people there are adamant that this is impossible and would cause a huge lawsuit. You mentioned here that: “staroptions associated with a unit are not deeded, and Vistana could change the system at their whim.“ Can you or others explain this more?
Vistana can change the VSN program on a whim. They could eliminate it all together. The issue at mandatory resorts is that as long as a club exists, all owners (developer and resale) are members of The Club. If Marriott/Vistana tries to just re-brand the VSN as DC, then DC becomes the new Club and resale owners, previous and future are also members of DC. DC has tried hard to keep people from buying resale week out of the DC program unless they are willing to also make a big developer purchase.
 

TravelTime

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Yes it is prior to 2010. Also have a mandatory property that I just purchased. We’re going to join destinations club as it is now free. Since we currently have 246,000 Star options and we aren’t sure what will happen in the relationship of Star options to Marriott points I think we’ll probably pass on the great deal they offered us. Our sales associate said something I didn’t fully grasp.....40 fo 1 ratio Marriott points to Star options? That would make sense as our St Johnproperty is 196,000 options.
That woul translate to 4900 marriott points? The two properties might be comparable.

I also avoid the Kool-aid when possible.

What do you mean when you say it is free now to join the DC? Is that only for your pre-2010 week?
 

TravelTime

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Vistana can change the VSN program on a whim. They could eliminate it all together. The issue at mandatory resorts is that as long as a club exists, all owners (developer and resale) are members of The Club. If Marriott/Vistana tries to just re-brand the VSN as DC, then DC becomes the new Club and resale owners, previous and future are also members of DC. DC has tried hard to keep people from buying resale week out of the DC program unless they are willing to also make a big developer purchase.

I am hoping they might convert my 176K SO for WKOVN-OF to an equivalent number of DC Points so I can either use my deeded week or trade within the new program’s 100+ timeshare resorts. The problem with StarOptions now is I own one of the best Vistana properties so I would rarely exchange within the VSE network unless I could get another Maui OF 2 bedroom or I could go to WSJ. If I could get enough DC Points to exchange my WKOVR-N OF for an equivalent Hawaii or Caribbean OF 2 bedroom, then I think I would be better off if Marriott gets rid of Star Options and converts my Star Options into DC Points. That would thoroughly enhance my like-for-like trading options. The only open issue is whether Marriott would take away the ability to resell mandatory resorts with DC Points, if it gets rid of StarOptions. The down side here is it may devalue the resale value of the mandatory resorts. However, if they roll it out right, maybe things would be fine. The VSE mandatory resorts are already pretty cheap compared to equivalent Marriott resorts in similar destinations and these do not transfer with the ability to enroll in the DC program. Since I own all OF/OV units as well as other high end timeshares, I lose if I deposit in II. I only use II and RCI for Getaways.
 
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dioxide45

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I was hoping they might convert my 176K SO for WKOVN-OF to an equivalent number of DC Points so I can either use my deeded week or trade within the new program’s 100+ timeshare resorts. The problem with StarOptions now is I own one of the best Vistana properties so I would rarely exchange within the VSE network unless I could get another Maui OF 2 bedroom or I could go to WSJ. If I could get enough DC Points to exchange my WKOVR-N OF for an equivalent Hawaii or Caribbean OF 2 bedroom, then I think I would be better off if Marriott gets rid of Star Options and converts my Star Options into DC Points. That would thoroughly enhance my like-for-like trading options. The only open issue is whether Marriott would take away the ability to resell mandatory resorts with DC Points, if it gets rid of StarOptions. The down side here is it may devalue the resale value of the mandatory resorts. However, if they roll it out right, maybe things would be fine. The mandatory resorts are already pretty cheap in VSE compared to equivalent Marriott resorts in similar destinations and these do not transfer with the ability to enroll in the DC program.
If my predictions are right, I think they will assign DC points to your underlying week vs a SO to DC conversion. That may work well for Hawaii owners as Marriott gave Hawaii owners a lot of points for their Hawaii ownership in DC.
 

TravelTime

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If my predictions are right, I think they will assign DC points to your underlying week vs a SO to DC conversion. That may work well for Hawaii owners as Marriott gave Hawaii owners a lot of points for their Hawaii ownership in DC.

This would be great!
 

Carlsbadguy

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Wondering if salespeople will be saying anything about this. I am going to Marriott Desert Springs Villas tomorrow and got the call today to attend the owner education seminar (as they called it). Offered a $200 gift card or 30,000 points which is the most I have heard of.
 

dioxide45

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Wondering if salespeople will be saying anything about this. I am going to Marriott Desert Springs Villas tomorrow and got the call today to attend the owner education seminar (as they called it). Offered a $200 gift card or 30,000 points which is the most I have heard of.
Oh, you will hear about it. However the sales people will know no more about it than what you have read here already.
 

mjm1

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Wondering if salespeople will be saying anything about this. I am going to Marriott Desert Springs Villas tomorrow and got the call today to attend the owner education seminar (as they called it). Offered a $200 gift card or 30,000 points which is the most I have heard of.

Oh, you will hear about it. However the sales people will know no more about it than what you have read here already.

I agree. We just met with a sales person the other day at Shadow Ridge and they are excited about the acquisition, but they don’t know any more than we do at this point. They speculated just like Tuggers. And of course, they will encourage you to buy points now, because prices will only go up.

Best regards.

Mike
 

JIMinNC

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As I have been reading all of this speculation, one thought that occurred to me is for the last 8 years, Marriott owners have been talking about pre-June 2010 and post-June 2010. Those who were owners pre-6/2010 have a huge advantage with regards to ease of enrollment in the DC compared to those of us who came in after 6/2010. It seems at some point we may have a new before/after date - the point at which Marriott Vacations Worldwide announces any kind of specific program to allow cross-program bookings. Those who are on board before that point, may be grandfathered or otherwise benefit from that status. For example, if point levels needed for Executive, Presidential, etc rise due to the influx of owners with interests in both systems (not sure how significant that might be), folks already at that level might be grandfathered. There also could be some other option that is grandfathered like the pre-June 2010 weeks were.

Our goal has been to find a reasonable way to get to at least Executive status (so far haven't made the jump), and since Westin and Hyatt have a lot of locations I think we would like to try, our meager point total would be even more inadequate than it is now should some sort of an expanded program emerge. This all at least has me thinking about whether we should approach things with a little more sense of urgency to get to a higher level before plans are announced. I suspect that any before/after date would not be until the specific changes/programs were actually announced, so that will clearly take some time, so hopefully we'll find a way to better our status before that day comes.
 

dougp26364

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As I have been reading all of this speculation, one thought that occurred to me is for the last 8 years, Marriott owners have been talking about pre-June 2010 and post-June 2010. Those who were owners pre-6/2010 have a huge advantage with regards to ease of enrollment in the DC compared to those of us who came in after 6/2010. It seems at some point we may have a new before/after date - the point at which Marriott Vacations Worldwide announces any kind of specific program to allow cross-program bookings. Those who are on board before that point, may be grandfathered or otherwise benefit from that status. For example, if point levels needed for Executive, Presidential, etc rise due to the influx of owners with interests in both systems (not sure how significant that might be), folks already at that level might be grandfathered. There also could be some other option that is grandfathered like the pre-June 2010 weeks were.

Our goal has been to find a reasonable way to get to at least Executive status (so far haven't made the jump), and since Westin and Hyatt have a lot of locations I think we would like to try, our meager point total would be even more inadequate than it is now should some sort of an expanded program emerge. This all at least has me thinking about whether we should approach things with a little more sense of urgency to get to a higher level before plans are announced. I suspect that any before/after date would not be until the specific changes/programs were actually announced, so that will clearly take some time, so hopefully we'll find a way to better our status before that day comes.

Now your thinking like sales executives and I’m very certain your correct!

I remember all the speculation before the DC was announced. We all looked at other systems and speculated on what may or may not be in store for MVW owners ( for the record my speculation was WAY off ). We got bits and pieces right but, by and large the program was considerably different than what any of us thought. I even called it a big piece of sh*t, or something to that effect. To this day I’m still HUGELY disappointed in MVW’s point system, even though I will use it when it fits my needs.

Now we have at least a little history to look back on. I think it’s reasonably safe to say that there will be a honeymoon period where MVW makes it less expensive for owners to merge or blend the products......for a small fee that will escalate considerably after the honeymoon is over. I believe we originally paid $295 to join, allowing us to convert our traditional weeks tompoints that played in the DC system. This gives the sales teams the opportunity to milk current ownership by driving us into the sales rooms to explain our options under the new program and scare us into buying more of a product that, IMHO, is WAY overpriced.

Past this I think we can throw everything out the window. When MVW came out with the DC owners where somewhat blindsided by the “skim”. There was also the big debate about the different “point buckets” and the difference between what was in writing and what the sales staff was telling owners. Also the previous weeks seasons didn’t match up evenly with the points allotted (Ocean Pointe gold season weeks received fewer points than Silver season owners if I recall correctly).

Now MVW will be takes with blending not just weeks to points, but two separate points systems with different rules. It’s fu to speculate but, I bet we get far more wrong than we get right. I also bet they do something to pull at least a little more money out of my pocket wether or not I want to spend it. I like keeping my options open. You never know what life is going to throw at you. I’m happy with the MVW selection but I’d REALLY like access to the Hyatt in Sedona. Now if I can get reasonable access thru an internal weeks exchange for very little upfront money (joiner fee that I anticipate), that’s what we’ll do. OTOH, if they want thousands out of us in the form of purchasing mandatory points packages to participate in both systems, well, it would probably be cheaper for me to buy a resale week in Sedona and rarely use it than buy direct from Marriott. I’m hoping for a small joiner fee to be able to use what I have to play in all the ownership pools. I’m betting Marriott will want far more. Regardless of what they do I’m reasonably content to stay where I am if the price to play is to high, and to high is when it gets to be in the thousands of dollars vs hundreds.
 

kds4

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Marriott Weeks and DC Points
If my predictions are right, I think they will assign DC points to your underlying week vs a SO to DC conversion. That may work well for Hawaii owners as Marriott gave Hawaii owners a lot of points for their Hawaii ownership in DC.

I think the question is how they will value those Hawaii SPG properties in DC points versus the MVC properties. The rub is always in the final numbers and whether it will be a 1:1 valuation against Hawaii MVC properties or if the SPG properties get valued lower (possibly) or higher (unlikely)?
 

kds4

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Wondering if salespeople will be saying anything about this. I am going to Marriott Desert Springs Villas tomorrow and got the call today to attend the owner education seminar (as they called it). Offered a $200 gift card or 30,000 points which is the most I have heard of.

If the 30k MRPs will help you in regard to obtaining a lifetime status with Marriott Hotels prior to the MR/SPG loyalty program integration, I would take the points.
 

dougp26364

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I think the question is how they will value those Hawaii SPG properties in DC points versus the MVC properties. The rub is always in the final numbers and whether it will be a 1:1 valuation against Hawaii MVC properties or if the SPG properties get valued lower (possibly) or higher (unlikely)?

Maybe a mathmatical algorythm to assign “equivalent” value. Not equivalent in the eyes of the owners but in the relative value within each system.
 

kds4

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As I have been reading all of this speculation, one thought that occurred to me is for the last 8 years, Marriott owners have been talking about pre-June 2010 and post-June 2010. Those who were owners pre-6/2010 have a huge advantage with regards to ease of enrollment in the DC compared to those of us who came in after 6/2010. It seems at some point we may have a new before/after date - the point at which Marriott Vacations Worldwide announces any kind of specific program to allow cross-program bookings. Those who are on board before that point, may be grandfathered or otherwise benefit from that status. For example, if point levels needed for Executive, Presidential, etc rise due to the influx of owners with interests in both systems (not sure how significant that might be), folks already at that level might be grandfathered. There also could be some other option that is grandfathered like the pre-June 2010 weeks were.

Our goal has been to find a reasonable way to get to at least Executive status (so far haven't made the jump), and since Westin and Hyatt have a lot of locations I think we would like to try, our meager point total would be even more inadequate than it is now should some sort of an expanded program emerge. This all at least has me thinking about whether we should approach things with a little more sense of urgency to get to a higher level before plans are announced. I suspect that any before/after date would not be until the specific changes/programs were actually announced, so that will clearly take some time, so hopefully we'll find a way to better our status before that day comes.

I have actually been having similar thoughts myself. We have resisted moving from Presidential to Chairman because of no obvious benefits to us based on how we have traveled in the past. With all of the program changes ahead, now I am not so sure we shouldn't jump.
 

GregT

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If I had not already purchased Trust Points, I would be buying them now and trying to close before the merger is complete. I do think if someone is on the fence about buying Trust Points (resale), this could tip you over to buy them.

This is because I believe Trust Points will play an important role in whatever the future system is - but this is my opinion only.

Doug is correct that much of our speculation prior to June 2010 was wrong, but some of it was right and I recall thinking that I should buy a Ko Olina week and close it before the announcement, but I couldnt get it done. That was because of my experience with Worldmark, where the world changed in November 2006 and there were grandfathered points which had preferential advantages versus the post Nov 2006 points.

Good luck to each of us as we all have unique circumstances and considerations.

Best,

Greg
 

VacationForever

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If I could use more trust points at MVC, I would likely buy more now and get me to Chairman status. I would not count on Hyatt, Vistana and Marriott to be all thrown into DC system in the future. I see the future includes the ability to book across the 3 systems based on status and for timeshares were developer bought or re-qualified.
 
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Steve Fatula

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Wondering if salespeople will be saying anything about this. I am going to Marriott Desert Springs Villas tomorrow and got the call today to attend the owner education seminar (as they called it). Offered a $200 gift card or 30,000 points which is the most I have heard of.

Yep, got that in February. I take the points. Points guy values then at .9 cents each, meaning, $270. When used wisely, they are worth more.
 
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