NO Access to trusts pool by enrolled owners (Marriott's response - post #447)

[puckmanfl]

good morning

Jim

inventory that is converted to MRP's by weeks owners goes to MVCD. They can rent it, deposit in II for getaways or exchanges and NOW they can also deposit in the new exchange company where trust and legacy point players hace equal dibs!!!

 

[windje2000]

Bingo!





Yup - all enrolled owners, whether we are enrolling direct purchase weeks or resale weeks, will be second in line behind points purchasers, as to the inventory in the trust. Whether or not this makes any functional difference remains to be seen, but at least structurally, the possibility is there.

This strikes me as potentially a more significant difference than the prior distinction between direct purchasers and resale purchasers (no MRPs for resale purchasers).

So whoever said we are ALL resale owners now, I suppose I would have to agree.

That would be me link

 

[pfrank4127]

Does it make it the screwing Marriott put on weeks owners in the new points program a lot better since we are only "totally locked out" of 11 resorts? Before points ALL owners had access to ALL Marriott resorts. Now only new purchasers have access to ALL current and future Marriott resorts and weeks owned by the trust.


At 8 am 12 months in advance points purchasers have the same access to weeks inventory deposited for points that weeks owners who deposited it have. Weeks owners NEVER have access to the trust inventory (except when Marriott feels like throwing weeks owners a crumb) whether it is the current 11 resorts, or 21 or 51 in the future. In addition if Marriott ever buys/builds a new resort or ever starts ROFR'ing again, every single week will be in the trust and unavailable to weeks exchangers who convert to points.

That's not true those 11 resorts are included in the exchange company.

"As of 6/20/2010, there are currently 53 resorts, including the aforementioned 11 resorts, with timeshare interests available for exchange through the Marriott Vacation Club Destinations Exchange Program, and those resorts are designated with the symbol ."

 

[puckmanfl]

good morning

windje...

in my example the trust association members are paying Mf's on the 10% of inventory that they own. MVCD is paying on the other 90%. Trust owners, in my example should have unfettered access to 10% of the trust point inventory!! 4,000,000 pts... worth. They have unfettered access to 100% of trust inventory AND all exchange inventory!!!

 

[tombo]

The non trust owner neither owns nor is paying maintenance fees on the trust inventory. Owners should come first, just like owners come first in your home resort. The trust owners do not have direct access to the inventory represented by deeds. Why should a non trust owner have direct access to trust inventory? It's the home resort of the trust owners.

The trust and the exchange company are separate entities, exactly like your home resort and II are separate entities.

If you enroll, you have access to what trust owners and deeded enrolled owners are willing to deposit in the exchange company.

Not different from II - you have access to inventory that deeded owners are willing to exchange and have deposited in the II exchange company.

Trust owners don't pay your MF's on your week, but if you deposit it for points they have EXACTLY the SAME access to it that another weeks owner who deposited for points has. The weeks owner doesn't EVER have access to the trust inventory. Points owners only pay MF's on the trust but can access weeks inventory deposited for points. Marriott places inventory from the trust (inventory of their choosing that has the same points value) back into the weeks pool to replace what the points owners exchanged for.

How is that the same? Are there II members who buy some new membership from II who have access to all exchange inventory while the older II members only have access to certain inventory?

 

[Dean]

That's not true those 11 resorts are included in the exchange company.

"As of 6/20/2010, there are currently 53 resorts, including the aforementioned 11 resorts, with timeshare interests available for exchange through the Marriott Vacation Club Destinations Exchange Program, and those resorts are designated with the symbol ."

As I read it, those 11 resorts are actually 2 different resorts in terms of inventory and potential usage, not much different than say the two components of Maui Ocean Club. In essence they have access to different villas in a % appropriate to the % of weeks, or the equivalent thereof, in both groups.

 

[windje2000]

good morning

windje...

in my example the trust association members are paying Mf's on the 10% of inventory that they own. MVCD is paying on the other 90%. Trust owners, in my example should have unfettered access to 10% of the trust point inventory!! 4,000,000 pts... worth. They have unfettered access to 100% of trust inventory AND all exchange inventory!!!

Points purchasers bought an ownership interest not in a single resort, but rather bought into a portfolio of resorts.

I think trust members currently representing 10% of the inventory can only reserve 10% of that inventory. They get what they paid for. They paid a pretty penny for that portfolio.

Early adopters get a large inventory to SELECT from - they GET no more occupancy rights than they paid for. Right now the first in the store have a lot on the shelves to choose from. But the check out person will only let them leave with what they paid for. Like Best Buy on black friday.

 

[windje2000]

Trust owners don't pay your MF's on your week, but if you deposit it for points they have EXACTLY the SAME access to it that another weeks owner who deposited for points has. The weeks owner doesn't EVER have access to the trust inventory. Points owners only pay MF's on the trust but can access weeks inventory deposited for points. Marriott places inventory from the trust (inventory of their choosing that has the same points value) back into the weeks pool to replace what the points owners exchanged for.

How is that the same? Are there II members who buy some new membership from II who have access to all exchange inventory while the older II members only have access to certain inventory?

Owners have first dibs on what they own. Deeds or Trust = no difference.

If you decide to exchange, all exchange company participants have equal access to what is deposited for exchange.

 

[puckmanfl]

good morning!!!

here is my konundrum!!! (hope that is a word)

I was very happy with the old Coke!!!! Along comes MVCD that says our owners prefer the flexibility of points, thus we will sell points. We will give legacy owners the option to be points players as well. When I say yippee, I discover that the paradigm of my points includes stuff like exchanging, waiting for deposits etc. Stuff that is inherent to weeks trading NOT a points system. However, the new points players have a true points system with access to all of the inventory.

Help!!!!

 

[puckmanfl]

good morning

windje...

yes, the association can only occupy 10% BUT they get unfettered access to the other 90% that MVCD owns before we do!!!!

 

[windje2000]

good morning

windje...

yes, the association can only occupy 10% BUT they get unfettered access to the other 90% that MVCD owns before we do!!!!

The first people through the doors of Best Buy on black friday get first crack at full shelves. Same here. They only get to take home what they paid for.

 

[tombo]

Owners have first dibs on what they own. Deeds or Trust = no difference.

If you decide to exchange, all exchange company participants have equal access to what is deposited for exchange.

If you decide to exchange for points you won't have equal access to the trust inventory available for exchange, in fact you won't have any access to trust inventory.The majority of the trust is not owned by points owners, the majority is owned by Marriott, yet they have access to 100% of that inventory, and they also have access to 100% of the weeks deposited for points (which they own 0% of).

Weeks owners who convert to points have no access to the points trust pool. Points buyers have 100% access to the weeks deposited for points pool and 100% access to the trust pool.

I don't understand how that seems good to anyone other than points buyers.

 

[tombo]

The first people through the doors of Best Buy on black friday get first crack at full shelves. Same here. They only get to take home what they paid for.

Best buy doesn't have some buyers who can shop throughout the whole store while making other buyers only have access to merchandise in the back corner of the store.

 

[puckmanfl]

good morning


windje


On Black friday,I have the same opportunity as everyone else to get to the mall at 3 am. Here I don't... I can't change my legacy deeds into trust points!!!!

 

[NJDave]

I agree with the conclusion that Trust Points > Enrolled Points. While this conclusion has an impact on my decsion to enroll, since I don't plan on trading using points, it isn't going to control my decision.

The key to my decision is what access will I have as an enrolled owner versus a non-enrolled member. It is important to know if inventory deposited by enrolled members go into the Marriott Vacation Club Destinations exchange system in which enrolled members have direct versus indirect access to. On the flip side, would an enrolled member thus have indirect access to Interval inventory and a non-enrolled member have direct access to Interval's inventory?

Does the key question become which pool is going to have the best inventory and which owner has priority (direct vs indirect access) to that pool?

 

[Dean]

good morning


windje


On Black friday,I have the same opportunity as everyone else to get to the mall at 3 am. Here I don't... I can't change my legacy deeds into trust points!!!!

No, but you could sell your deeds and buy points accomplishing the same thing, albeit at a significant price differential. Trust owners have their own issues also including competing with other trust owners and no access to weeks not converted in some way, even if enrolled.

 

[windje2000]

Best buy doesn't have some buyers who can shop throughout the whole store while making other buyers only have access to merchandise in the back corner of the store.

The trust is the home resort of the trust owners and represents Best buy in my example.

Best Buy in my example only opens its doors to those who buy in. You don't get into the trust if you don't buy in.

So what you purchase in best buy is either taken home or put in an exchange company. If you as a deeded owner or trust owner don't want to stay at your home resort(s) you make your interest available for exchange.


The trust owners and deeded owners have equal rights in the exchange company

 

[windje2000]

Does the key question become which pool is going to have the best inventory and which owner has priority (direct vs indirect access) to that pool?

Yes In My Humble Opinion

 

[tombo]

The trust is the home resort of the trust owners and represents Best buy in my example.

Best Buy in my example only opens its doors to those who buy in. You don't get into the trust if you don't buy in.

So what you purchase in best buy is either taken home or put in an exchange company. If you as a deeded owner or trust owner don't want to stay at your home resort(s) you make your interest available for exchange.


The trust owners and deeded owners have equal rights in the exchange company

In your example the points home resort is Best Buy and I can't shop there because I didn't buy in. My home resort is Target. Why can the Best Buy owners shop in my Target store at the same time and in the exact same way that I can?? They didn't buy into my store!

 

[puckmanfl]

good morning

great!!!

now I have 3 options

#1 stay in "weeks" in a world where MVCD is now a COMPETITOR for exchanges

#2 play in points that < trust points and rely on MVCD to do the correct thing and co-mingle inventory..

#3 sell my deeds at a 80% loss AND pay an additional 130K to get my equivalent number of post skim points. Total cost for this 180K yikes

Think I will stay with door #1 and door #2 and hope for the best on 7/26!!!!

Tombo, please help me!!!!

 

[windje2000]

In your example the points home resort is Best Buy and I can't shop there because I didn't buy in. My home resort is Target. Why can the Best Buy owners shop in my Target store at the same time and in the exact same way that I can?? They didn't buy into my store!

Best Buy owners can only get Target inventory if someone who has bought into Target puts what they bought at Target into the exchagne company. edited to add Best Buy owners are not allowed into Target.

 

[tombo]

good morning

great!!!

now I have 3 options

#1 stay in "weeks" in a world where MVCD is now a COMPETITOR for exchanges

#2 play in points that < trust points and rely on MVCD to do the correct thing and co-mingle inventory..

#3 sell my deeds at a 80% loss AND pay an additional 130K to get my equivalent number of post skim points. Total cost for this 180K yikes

Think I will stay with door #1 and door #2 and hope for the best on 7/26!!!!

Tombo, please help me!!!!

I don't like any of the options, I am going fishing. Hopefully I won't be limited to only catching bream since I have been fishing for years and haven't bought any new rods and reels lately. Perhaps like Marriott, Zebco has created new rules for new buyers. I hope I will still be allowed to catch bass and catfish too even though all I was ever guaranteed when I purchased from Zebco in the past was the opportunity to catch fish, I was never guaranteed to always be able to catch all the fish I used to catch in the past.

 

[tombo]

Best Buy owners can only get Target inventory if someone who has bought into Target puts what they bought at Target into the exchagne company.

Once I put it into Target I should be able to shop at Best Buy since those who buy at Best Buy can shop at Target too. Otherwise why in the world would I buy at target in the first place?

 

[windje2000]

Once I put it into Target I should be able to shop at Best Buy since those who buy at Best Buy can shop at Target too. Otherwise why in the world would I buy at target in the first place?

No they can't

Everyone can shop at either their home resort or the exchange company or garage sale/swap meet.

Best Buy owners don't get through the front doors of Target and vice versa. Everyone is allowed into the garage sale/swap meet

 

[tombo]

No they can't

Everyone can shop at either their home resort or the exchange company or garage sale.

Best Buy owners don't get through the front doors of Target and vice versa. Everyone is allowed into the garage sale

At 8 am 12 months in advance points owners can reserve weeks deposited for points (the same as weeks owners can). That is not a garage sale, that is a invitation to all best buy shoppers to get to Target early for the best deals..

Have a good one. Gone fishing.....