Marriott Vacations Worldwide

[Ddee555]

Pardon my ignorance, but does Marriott Vacations Worldwide now own everything?!?

I just checked the careers pages of Trading Places International (TPI) and Vacation Resorts International (VRI) and they are re-directing to Marriott Vacations Worldwide. I'm a little scared, because I own two one bedroom intervals at Gaslamp Plaza Suites, which is managed by VRI, and I am very happy with the low maintenance fees and current management scheme. However, I'm afraid that Marriott is going to interfere by raising the management fees which will no longer make renting out a viable option for my weeks.

Personally, I have a love/hate relationship with Marriott. In college, I worked for a Courtyard hotel and have fond memories. I also enjoy staying at the Residence Inn when I get the opportunity. However, while the big, sprawling timeshare resorts can be nice, I do not think that they are worth the ever-increasing high maintenance fees to support them. The owners have no control over how their resorts are managed.

Does anyone know why Marriott is interested in owning TPI or VRI? Why are they interested in managing the smaller, older, independent owner-directed resorts? It makes no sense to me.

 

[mjm1]

Pardon my ignorance, but does Marriott Vacations Worldwide now own everything?!?

I just checked the careers pages of Trading Places International (TPI) and Vacation Resorts International (VRI) and they are re-directing to Marriott Vacations Worldwide. I'm a little scared, because I own two one bedroom intervals at Gaslamp Plaza Suites, which is managed by VRI, and I am very happy with the low maintenance fees and current management scheme. However, I'm afraid that Marriott is going to interfere by raising the management fees which will no longer make renting out a viable option for my weeks.

Personally, I have a love/hate relationship with Marriott. In college, I worked for a Courtyard hotel and have fond memories. I also enjoy staying at the Residence Inn when I get the opportunity. However, while the big, sprawling timeshare resorts can be nice, I do not think that they are worth the ever-increasing high maintenance fees to support them. The owners have no control over how their resorts are managed.

Does anyone know why Marriott is interested in owning TPI or VRI? Why are they interested in managing the smaller, older, independent owner-directed resorts? It makes no sense to me.

Marriott Vacation Club bought ILG, which owns II, Vistana, Hyatt and other smaller exchange companies, etc as you mentioned. Likely their main interest is in Vistana, II and Hyatt, but everything that ILG owned came with the acquisition.

It is still early in the transition process, so I wouldn’t worry too much at this time. Nobody knows what their end interest in some of the smaller parts will be. They have said they are currently focusing on Vistana and a combined program with MVC.

Best regards.

Mike

 

[Ddee555]

Marriott Vacation Club bought ILG, which owns II, Vistana, Hyatt and other smaller exchange companies, etc as you mentioned. Likely their main interest is in Vistana, II and Hyatt, but everything that ILG owned came with the acquisition.

It is still early in the transition process, so I wouldn’t worry too much at this time. Nobody knows what their end interest in some of the smaller parts will be. They have said they are currently focusing on Vistana and a combined program with MVC.

Best regards.

Mike

Thank you, Mike. I appreciate this info. It's one of those "don't rock the boat" situations for me. I'm very happy with everything at my resort. Hopefully, nothing major will happen for the foreseeable future.

 

[bogey21]

Marriott Vacation Club bought ILG, which owns II, Vistana, Hyatt and other smaller exchange companies, etc as you mentioned. Likely their main interest is in Vistana, II and Hyatt, but everything that ILG owned came with the acquisition.

Trust me. As the big get bigger they will make sure it works to their advantage. Owners of Points and Weeks will be the losers over time...

George

 

[SteelerGal]

I own in the MVC family as well as an Independent that is managed via VRI. My Independent hasn’t had any changes. Business as usual. MVC focus is currently Vistana and then Hyatt’s.