MVC Package - FedEx Notification

[Dean]

Just curious... Under what circumstances would they stop owners from renting their weeks?

They haven't said and they have complete control but based on discussion and investigation with this issue with both MVC and DVC, I would think it'd take volume and over more than 1 year. Or possibly a commercial type website.

 

[SmithOp]

I've had several MVC sales people suggest renting excessive points/ weeks for profit.

I bet they didn't put it in writing in your contract, sales speak is worthless and won't counter any policy changes Marriott wants to make.

 

[WBP]

MVCI made its own bed.

For years, during the sales of Desert Springs Villas I and II, the developer's (MVCI) sales agents routinely presented a value proposition, during their sales presentation, that went something like this:

1. Lock off your two-bedroom villa.
2. Rent the master suite, either through MVCI or independently, and generate revenue equal to or greater than your annual maintenance fee.
3. Occupy the studio portion yourself and enjoy a week of vacation.

Under this model, your week-long vacation in the studio was essentially free because the rental income from the master suite covered your maintenance fees.

This sales pitch was repeatedly delivered by MVCI sales agents at Desert Springs Villas I and II over many years. It occurred under the supervision of numerous MVCI Project Directors and Directors of Sales, as well as under the watch of longtime Vice President of Sales and Marketing Bruce Rohman. MVW may attempt to disavow knowledge of this widespread and longstanding practice, but, in my opinion, such a position is unlikely to be credible given how pervasive the practice was and how long it continued under company leadership's oversight.

The current MVW leadership can attempt to intimidate Desert Springs Villas week owners, but, in my opinion, those efforts will ultimately accomplish little.

As someone who has closely followed and documented the history of Marriott Ownership Resorts, Inc. (MORI) and Marriott Vacation Club International, I sometimes joke that I expect to wake up one morning and find a horse's head in my bed.

 

[chapjim]

MVCI made its own bed.

For years, during the sales of Desert Springs Villas I and II, the developer's (MVCI) sales agents routinely presented a value proposition, during their sales presentation, that went something like this:

1. Lock off your two-bedroom villa.
2. Rent the master suite, either through MVCI or independently, and generate revenue equal to or greater than your annual maintenance fee.
3. Occupy the studio portion yourself and enjoy a week of vacation.

Under this model, your week-long vacation in the studio was essentially free because the rental income from the master suite covered your maintenance fees.

This sales pitch was repeatedly delivered by MVCI sales agents at Desert Springs Villas I and II over many years. It occurred under the supervision of numerous MVCI Project Directors and Directors of Sales, as well as under the watch of longtime Vice President of Sales and Marketing Bruce Rohman. MVW may attempt to disavow knowledge of this widespread and longstanding practice, but, in my opinion, such a position is unlikely to be credible given how pervasive the practice was and how long it continued under company leadership's oversight.

The current MVW leadership can attempt to intimidate Desert Springs Villas week owners, but, in my opinion, those efforts will ultimately accomplish little.

As someone who has closely followed and documented the history of Marriott Ownership Resorts, Inc. (MORI) and Marriott Vacation Club International, I sometimes joke that I expect to wake up one morning and find a horse's head in my bed.

What does the contract say?

 

[WBP]

What does the contract say?

I would not expect to find anything related to the above, contained in a Purchase and Sale Agreement.

I would, however, expect to find something in the Public Offering Statement, which would contain the CC and R’s (condo docs) and the timeshare plan (and rules of the Marriott Honored Guest Awards program), which I haven’t looked at, in about 40 years, and which I have no desire to look at.

I did find our binders (attached) from each of our Developer purchases, 30-40 years ago, and my position remains, as I said, above, not only do I not have any desire to look at them, I have no intellectual curiosity in them.

I guess, if MVW starts to mess with us, I’ll have to look at them.