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My Marriott timeshare grand slam - four consecutive fixed weeks bought resale

That’s awesome. ......At least Joe is young enough and with a large family to enjoy them for a long time.
I've been renting the Marriott timeshares we've owned since 2002. If I do say so myself, its been an extremely successful endeavor from a investment standpoint, but it never was about that. It was as Ralph references, about creating quality family vacations in a cost effective way because that was the only way we would be able to afford frequent trips. In 2002 I became obsessed with getting my family to the MOC in a view unit as much as I possibly could. When I first started my corp career I couldn't afford much so the buying of extra weeks with 0% credit cards, to rent for profit was to feed my obsession for family vacations at the MOC and not a business driven motive. This 4 week string will allow me to do that even more. Having the 4 consecutive provides so much flexibility and value for use and rent. And I do believe it will be a family legacy for generations. At least that is my hope.
 
That’s is so special, your and your family are truly blessed ❤️
 
Back in 2021 I got a great deal and bought at the Maui Ocean Club Lahaina Towers unit 1110 - an 11th floor corner OF unit for weeks 15 and 16. In 2022 I came across week 18 unit 1110. I would never have been interested in a week 18 but since it was the same unit and so close to my 15&16 I took a chance that maybe someday week 17 might turn up, because the goal of owning 3 or 4 fixed week, fixed units in a row at the MOC was always a dream of ours. I checked Redweek everyday, left notes in the unit after using week 16, and even asked every broker I knew to keep an eye open for week 17 unit 1110. I really didn't think it would turn up. Over the last few years, a few Lahaina Towers week 17s came onto the market, that got me excited until I would see the listing be a different unit number week 17, once the floor below, but never unit 1110.

Until last month when unit 1110 week 17 showed up on Redweek. My initial excitement was lessened by the fact that the owner listing week 17 unit 1110 for sale had it listed at $56K! I still wonder if the owner knew me and what I owned because the high listing was way out of line with the market. I made a very generous offer, definitely above the market by a few $1000s and didn't think the deal would happen, certainly so quickly because of the gap in listing price and offer but after a week the offer was accepted. Then I had to wait for ROFR. And to make sure it passed ROFR, even though I thought it would at the accepted price, I added $2k to the deal because I didn't want to lose a unit so valuable to me over a few $1000. I did have my limit so if Marriott bought at the new price sobeit, but thankfully Marriott informed the closing agent yesterday that they passed on it.

I shouldn't count my chicken because I guess the seller could back out. Really no reason to think they would because they did get a great deal, definitely $5k or more above market. I don't regret paying more to complete the 4 week sequence.
Congrats Joe! I hope you get the four week sequence!!!

I still have "just" the three week sequence and will hope one day to add on. Congrats again and I hope our paths cross in Maui soon!

Best,

GReg
 
Congrats Joe! I hope you get the four week sequence!!!

I still have "just" the three week sequence and will hope one day to add on. Congrats again and I hope our paths cross in Maui soon!

Best,

GReg
Hey GregT nice to hear from you. I remember the time we had a beer at the MOC and hope to do it again also. My ownership currently is weeks 13-18, we own 7210 for 13 and 14. We just returned from a great 2 week stay yesterday. So if you're ever planning on staying at the MOC during that stretch please drop me a line and we'll try to connect.
 
Awesome Joe! congrats
 
Congratulations Joe! Your patience and persistence paid off.
 
what a wild journey, can you imagine the cost had you paid full retail for all 4 weeks?

$50K to $122K

Christmas, Feb and July 2BR OF fixed weeks in Napili and Lahaina have held their value relatively well. Generally selling in the $45-55k range. Floating weeks tend to sell at ROFR, historically around $32K, but have been at $37-38K lately, from what we can tell. Only four units in the Napili Tower.

3BRs at almost anytime are super rare and can go from $65K to $125K+ to the right buyer.

Fixed Unit/Fixed week OF are truly a niche product and hard to replicate and a good value compare to high floor Hyatt weeks next door...and that doesn't begin to address the personal value of two or more weeks in the same unit.

1746989200782.png
 
Hey GregT nice to hear from you. I remember the time we had a beer at the MOC and hope to do it again also. My ownership currently is weeks 13-18, we own 7210 for 13 and 14. We just returned from a great 2 week stay yesterday. So if you're ever planning on staying at the MOC during that stretch please drop me a line and we'll try to connect.
Joe, I look forward to it and will make a point to overlap! We still love MOC and have our 3BRs in June, but are no longer tied to school calendars. Please also think of us if you come through San Diego as well!

Best,

Greg
 
$50K to $122K

Christmas, Feb and July 2BR OF fixed weeks in Napili and Lahaina have held their value relatively well. Generally selling in the $45-55k range. Floating weeks tend to sell at ROFR, historically around $32K, but have been at $37-38K lately, from what we can tell. Only four units in the Napili Tower.

3BRs at almost anytime are super rare and can go from $65K to $125K+ to the right buyer.

Fixed Unit/Fixed week OF are truly a niche product and hard to replicate and a good value compare to high floor Hyatt weeks next door...and that doesn't begin to address the personal value of two or more weeks in the same unit.

View attachment 110352

$50K to $122K

Christmas, Feb and July 2BR OF fixed weeks in Napili and Lahaina have held their value relatively well. Generally selling in the $45-55k range. Floating weeks tend to sell at ROFR, historically around $32K, but have been at $37-38K lately, from what we can tell. Only four units in the Napili Tower.

3BRs at almost anytime are super rare and can go from $65K to $125K+ to the right buyer.

Fixed Unit/Fixed week OF are truly a niche product and hard to replicate and a good value compare to high floor Hyatt weeks next door...and that doesn't begin to address the personal value of two or more weeks in the same unit.

View attachment 110352
This is interesting. Of course it really doesn't matter what I would've paid but I think Lahaina Towers OF weeks 15-18 were probably in the $60s when sold retail. My total cost for perspective was $29k, 29k, $34k( week 18) and $39k (week 17).
 
$50K to $122K

Christmas, Feb and July 2BR OF fixed weeks in Napili and Lahaina have held their value relatively well. Generally selling in the $45-55k range. Floating weeks tend to sell at ROFR, historically around $32K, but have been at $37-38K lately, from what we can tell. Only four units in the Napili Tower.

3BRs at almost anytime are super rare and can go from $65K to $125K+ to the right buyer.

Fixed Unit/Fixed week OF are truly a niche product and hard to replicate and a good value compare to high floor Hyatt weeks next door...and that doesn't begin to address the personal value of two or more weeks in the same unit.

View attachment 110352
To the OP, IMHO, you hit two Grand Slams in the same game. Those prices listed above are just out of sight.

Now, this is an investment.
 
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Congratulations! I am glad to see the stars aligned for you (though I know you went to great efforts over an extended period of time to make them align). That is a great string of back to back weeks that I believe will give you a great deal of flexibility, both from a personal use and rental standpoint. Those are also great weeks that should continue to hold their value for many years to come.
 
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