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

[puckmanfl]

Good morning....

New owner....

In the current system legacy point<=trust point....

if MVCD made their inventory available to All point players...
Then Legacy points = Trust points...

In my perfect world, legacy owners can trade weeks with II or play with points on a level playing fields with trust owners...

Conversely, Trust players use their points as legacy players and can deposit their points in II and make weeks exchanges...


The best off BOTH worlds for both groups!!!!!

 

[ArtsieAng]

tombo

It actually isn't the same as we all know. One 6000 point Hawaii week taken out of the little boys cookie jar does not really equal six 1000 point shoulder weeks deposited to replace it, but it is supposed to according to points rules.

So, if Marriott so chooses, they can take as many premium weeks as they need to fill requests from trust owners, and replace them with weeks from any season. As long as the amount of points being taken, equals the amount of points being replaced, they are in compliance. Is that correct?

 

[rsackett]

If the big boys take all of the good cookies out of the little boys cookie jar, Marriott can fill the little boy's jar back up with crumbs from the big boy's jar, and as long as the total volume of the little boy's cookie jar remains the same everything is equal.

It actually isn't the same as we all know. One 6000 point Hawaii week taken out of the little boys cookie jar does not really equal six 1000 point shoulder weeks deposited to replace it, but it is supposed to according to points rules.

I have no dog in this fight. I have already decided that the new Marriott Points system is not for me. But Tombo's post brings up an interesting question.

But I was wondering, what does the "Trust" deposit into the "Exchange" system?

We know that each weeks owner that converts to the Points Exchange System does not deposit a week, but instead deposits the points allotted his season at his resort. He then has those points to get any exchanges he wants until his points are gone. Now anybody looking for a time at his resort has access to up to 7 days at his resort in his season. If they have enough points they could reserve the best week in his season, since he did not deposit a week in his season , but access to ANY week in his season at his resort (just like he had before he converted to points).

What does the "Trust" deposit into the Points Exchange system when a Trust owner pulls a week from the Exchange System? A Trust owner does not own at any particular resort or season. Does the Trust deposit a resort, season and number of days that equal the points needed for the week the Trust Owner took from the Exchange Pool? Does the Trust just deposit Trust Points than any Exchange member can use for any resort and timeframe in the Trust? Just what will the Exchange System get from the Trust?

Ray

 

[tombo]

So, if Marriott so chooses, they can take as many premium weeks as they need to fill requests from trust owners, and replace them with weeks from any season. As long as the amount of points being taken, equals the amount of points being replaced, they are in compliance. Is that correct?

Yep. Points is points. 100,000 points out, 100,000 points in. No matter what the actuall inventory taken and deposited, 100,000 points equals 100,000 points.


Oops points are points unless your points come from depositing your legacy week into the legacy points inventory, then they are step child points. Points purchaser's points is points. Legacy weeks points conversions are points which are not as good as points points. Does that make it clearer?

 

[ArtsieAng]

Yep. Points is points. 100,000 points out, 100,000 points in. No matter what the actuall inventory taken and deposited, 100,000 points equals 100,000 points.

Oops points are points unless your points come from depositing your legacy week into the legacy points inventory, then they are step child points. Points purchaser's points is points. Legacy weeks points conversions are points which are not as good as points points. Does that make it clearer?

Yup, it's perfectly clear, unfortunately!

 

[puckmanfl]

good morning....

I think everyone gets it now!!!!!

My work is done.... for now!!!!

I will report the test drive on 7/26....

 

[m61376]

If the big boys take all of the good cookies out of the little boys cookie jar, Marriott can fill the little boy's jar back up with crumbs from the big boy's jar, and as long as the total volume of the little boy's cookie jar remains the same everything is equal.

It actually isn't the same as we all know. One 6000 point Hawaii week taken out of the little boys cookie jar does not really equal six 1000 point shoulder weeks deposited to replace it, but it is supposed to according to points rules.

This is a very important point, not only for this but for trading of weeks in II. This was my concern with the language that Marriott can fill a point request from a week deposit in II by offering a comparable exchange. Marriott reps assured me that if they took a week out a comparable single week would be put in, and the language on the II website appears to verify that.

We basically have Marriott's assurances that it wouldn't make sense for them to do that- why would they want to hurt their own customers? And therein lies the conundrum....

 

[BocaBum99]

Excellent post!!!

After reading this whole thread along with reading a lot of the other stuff here over the past 3 weeks, I think you're interpretation of legaleze is right on the money!

I think the reason everybody is getting conflicting answers from Marriott is because the reps haven't been trained that well and they're frankly just pulling stuff out of their a$$. The sales folks are even worse because they will twist things whichever way suits them best in order to try and make a sale, and this confusion allows them to get away with some of this crapola.

I'm in complete agreement with kedler and IMO this entire thread is much to do about nothing! :zzz:

When I read the first 20 or so posts of this thread, I was under the exact same impression as you were. Most of the scenarios presented actually made no sense. I would rule out, for instance, a scenario where a person enrolled a 3000 point week, bought 1000 points and were only able to 3000 points from weeks inventory converted to points and 1000 out of Trust inventory. There is absolutely no way Marriott would implement such a system. It would generate 1000's of customer service calls with no justifiable answer.

My guess is that DaveM will get official word from Marriott that points are points once an enrolled week is converted to points.

We can tell if this is the case if points granted from an enrolled week sees the exact same inventory as an account with Trust points in it. That's the very simple way to verify the policy.

The main reason why I believe this will be the case is that implementing a system that accomplishes any other outcome with be next to impossible to develop.

 

[m61376]

good morning....

I think everyone gets it now!!!!!

My work is done.... for now!!!!

I will report the test drive on 7/26....

My guess is you will absolutely get your request filled on 7/26. Eyes are watching....

In reality, I would be shocked if Marriott did not reach into every conceivable pocket to fill those first requests, so that you and everyone else could report back with how satisfied you are. I think the truer tests will be a few months down the road, when we see how it works in everyday life. Unfortunately, we may not really know how the separate pool buckets (if they do, in fact, exist as separate buckets for trust point and enrolled point owners) will impact availability until several years down the road, when the trust inventory has had substantial sales. Until that point, Marriott will likely make mass deposits so that the trust properties are filled. So it could be several years before the competition is discernible.

Months ago there were many on this board who justified and supported the concept of resale owners remaining, shall we say, on the short end of the stick when the new program was introduced, based on the fact that one is only entitled to the provisions of the documents that one signed when purchasing and nothing more. I do wonder how developer purchasers will feel if now their enrolled points are not quite as powerful as a new class of direct purchasers; after all, they are subject to the same limitations of the documents that they originally signed. Personally, I think any segregation or creating of different ownership classes is a breeding ground for disaster, or at least widespread discontent.

One final thought- I agree that the roll out and the lack of consistent answers leaves a lot to be desired. I think Marriott sorely underestimated the impact of the information age. This may be the first time that a program of this magnitude has been rolled out in the industry where people can easily put their heads together and decipher things. Chat rooms make it easy to come up with issues that a single individual probably wouldn't take the time to question. For the same reason, I think Marriott will have a lot more problems with the skim issue and other program limitations than they expected, since it is far too easy to access these and similar threads.

Boca- I would agree with you- but is it possible that legally since an enrolled week owner converting to points cannot be part of the trust there has to be some distinction? When you think about it, it might make sense that enrolled point owners cannot have access to trust inventory unless some sort of exchange was made, since they aren't participants in the trust. Theoretically, my guess is Marriott will maintain that this is simply a legal distinction and the exchanges between the different pools will work seamlessly, but the more I think about it the more sense it makes for there to be a legal distinction. That's why I don't think we would see a difference for years, if ever- until there are a significant number of trust point owners reserving the premium weeks in the trust.

 

[tombo]

This is a very important point, not only for this but for trading of weeks in II. This was my concern with the language that Marriott can fill a point request from a week deposit in II by offering a comparable exchange. Marriott reps assured me that if they took a week out a comparable single week would be put in, and the language on the II website appears to verify that.

We basically have Marriott's assurances that it wouldn't make sense for them to do that- why would they want to hurt their own customers? And therein lies the conundrum....

Marriott doesn't consider people who bought in the past but will not buy in the new system customers that they are worried about anymore. You are a past customer and they are looking for new customers. They made money on you in the past, but if there is no more money to be made on you, you are not important. Weeks sales are gone, points sales are here. If people complain about weeks access to inventory, Marriott simply says that is why we came out with points to alleviate those problems. Marriott does want to support their NEW POINTS customers, unfortunatelly the same can not be said about their current weeks customers.

Marriott will have a harder time sticking II with the majority of dog inventory while taking good inventory of equal points value. If II starts eating weeks it can't exchange or rent, it could cause them to rebell, and unlike owners II has some power until/if/when Marriott sells enough points to actually have their own internal trading system in place with no further need for II. Of course II can get rid of plenty of off season weeks to non Marriott exchangers who will jump on a Marriott week whenever they see one available, so they might actually be able to get rid of a lot of Marriott's junk inventory for them. Time will tell.

On the legacy weeks inventory deposited for points, it is a whole different story. Marriott owns tons of shoulder weeks they couldn't sell, and these are weeks that most points purchasers won't want to exchange their high dollar points for. So Marriott keeps all of it's good inventory in it's trust inventory for points purchaser's to access. Then Marriott withdraws the best inventory deposited in Legacy weeks for points inventory to put into the trust invenory for the use of points purchasers. Marriott replaces the withdrawn legacy prime weeks with their over abundance of unsold shoulder weeks. It will become a case of the haves and have nots with trust access being the people who have access to good inventory.

This is where I am waiting on the clarification from Marriott. I truly believe that once you purchase 1000 points (or some level to be determined by Marriott), all points you own (including points from legacy deposits) will be able to access the trust, not just the purchased points. This will make any Legacy owner who wants to be able to effectivelly use points system be forced buy some points. It will make a lot of sales to people who really don't need any more weeks/points, but who do want access to good inventory they can't get unless they buy points.

It is not going to be too bad at first because the limited numbers of points purchasers will require little inventory. Marriott might actually place good weeks in the Legacy points inventory they don't need for the trust. However as this keeps growing (if they are successful selling points) Marriott will need more and more good inventory to keep their new buyers happy. Eventually the legacy inventory will consist mainly of weeks no one wants after being raided by Marriott to supply their ever increasing demand by points purchasers.

 

[BocaBum99]

My guess is you will absolutely get your request filled on 7/26. Eyes are watching....

In reality, I would be shocked if Marriott did not reach into every conceivable pocket to fill those first requests, so that you and everyone else could report back with how satisfied you are. I think the truer tests will be a few months down the road, when we see how it works in everyday life. Unfortunately, we may not really know how the separate pool buckets (if they do, in fact, exist as separate buckets for trust point and enrolled point owners) will impact availability until several years down the road, when the trust inventory has had substantial sales. Until that point, Marriott will likely make mass deposits so that the trust properties are filled. So it could be several years before the competition is discernible.

Months ago there were many on this board who justified and supported the concept of resale owners remaining, shall we say, on the short end of the stick when the new program was introduced, based on the fact that one is only entitled to the provisions of the documents that one signed when purchasing and nothing more. I do wonder how developer purchasers will feel if now their enrolled points are not quite as powerful as a new class of direct purchasers; after all, they are subject to the same limitations of the documents that they originally signed. Personally, I think any segregation or creating of different ownership classes is a breeding ground for disaster, or at least widespread discontent.

One final thought- I agree that the roll out and the lack of consistent answers leaves a lot to be desired. I think Marriott sorely underestimated the impact of the information age. This may be the first time that a program of this magnitude has been rolled out in the industry where people can easily put their heads together and decipher things. Chat rooms make it easy to come up with issues that a single individual probably wouldn't take the time to question. For the same reason, I think Marriott will have a lot more problems with the skim issue and other program limitations than they expected, since it is far too easy to access these and similar threads.

Boca- I would agree with you- but is it possible that legally since an enrolled week owner converting to points cannot be part of the trust there has to be some distinction? When you think about it, it might make sense that enrolled point owners cannot have access to trust inventory unless some sort of exchange was made, since they aren't participants in the trust. Theoretically, my guess is Marriott will maintain that this is simply a legal distinction and the exchanges between the different pools will work seamlessly, but the more I think about it the more sense it makes for there to be a legal distinction. That's why I don't think we would see a difference for years, if ever- until there are a significant number of trust point owners reserving the premium weeks in the trust.

I would be surprised if Marriott did not understand there would be significant discussion and debate on TUG. I would be even more surprised if some product manager of the system isn't reading these threads religiously.

The assumption I've made (which could be in error) is that the Marriott points system will be set up like a reservation system. All the inventory is loaded into the reservation system and it becomes available to any points holder (whether Trust or deposited enrolled week) on a first come, first served basis. You get enhanced access to the inventory if you are a Premier owner of some type.

The other way they could implement it is that the Trust points are set up with a reservation system and the exchange system is set up differently. For instance, Trust members could see online availability of all inventory and the book anything available.

Then, there could be a separate system that is used for exchange. It would be more like a request first exchange system where an owner puts in a wish list for exchange and they later try to match it. Then, the system checks availability in the Trust inventory (and other sources such as II) to see if there is a match. If there is one, then an exchange is offered.

That would require the development of 2 distinct systems. That is more double the work since both systems would need to be developed and all of the combinations of how the systems can interact with each other would need be defined and tested.

If Marriott chooses the latter. It would be a monster to develop. The cost and time to deliver would be ages. There would have to be some massive benefit to keeping the inventory separate. I don't see it.

 

[puckmanfl]

Good morning....

Let me make sure I get this. Legal reasons make it necessary to keep legacy point inventory and trust point inventory distinct, but once I fork out $9200 for 1000 more points than these legal issues go away and points really are points

I do believe that legally the inventories will be distinct,but in practice they will functionally co mingle...

 

[puckmanfl]

Good morning...

boca...

Mvcd has chosen the latter...
Trustbowners have a reservation system for point inventory

Legacy point players. Work thru the MVCEC, an exchange company...
Thus...

Legacy points <= Trust points....

 

[SueDonJ]

Marriott has become the cookie monster! (Click to enlarge)

Who doesn't love Cookie Monster?

 

[BocaBum99]

Good morning...

boca...

Mvcd has chosen the latter...
Trustbowners have a reservation system for point inventory

Legacy point players. Work thru the MVCEC, an exchange company...
Thus...

Legacy points <= Trust points....

I can't wait to see the system / systems they develop to support their program. Presumably, it was completed prior to program launch.

I just don't see the benefit to Marriott of having 2 separate inventory pools. What are they thinking it will accomplish?

The only think I can think of is that they want to keep Trust inventory separate and they plan to expand exchange services in the future to beyond just Marriott inventory.

It would be really interesting to hear from someone who designed the system. I'd like to hear what goal they had in the program and therefore how it was developed to support those goals.

The more I hear about this system, the crazier it sounds.

Even if Marriott wanted to create a differential advantage to Trust Points owners vs. enrolled points owners, it would still be much more efficient from a development point of view to create ONE system with ONE inventory pool. For instance, they could have enrolled members have access to inventory at the 10 month mark, but the Trust Points members having access to inventory at the 13 or 12 month mark. That would give advantage to Trust owners and everyone can see all inventory.

This approach eliminates a significant amount of development. My guess would be at least 60-70% less development than creating an online system for the Trust and a separate system for exchange.

I'll say it again. Why would Marriott want to keep these inventory pools separate? What is the value to Marriott?

 

[tlwmkw]

Puckman,

What you have heard appears to be correct. It was explained to me that the difference between points and weeks is due to Florida TS law. There must, by law, be an underlying real estate interest that represents the time/or points that are being sold otherwise the company could just keep selling more and more points that had no timeshares that could be occupied. With the weeks they have to have a week at the resort that you bought at that you have on your deed. Now with the trust there has to be a finite number of points that are attached to whatever weeks are in the trust. There are only so many points available to be sold. Just as you release your week into the exchange pool when you get points the points owners have to release some inventory into the exchange pool to get a vacation. The confusing part to me is who decides what in the trust is released into the exchange pool? I presume someone administers this to ensure that it all equals out but what a headache this must be. The bottom line is that just as the trust owners can't touch your week unless you release it, the legacy owner can't touch trust weeks unless they are released. This system is very confusing indeed but at least this shows that Marriott isn't just creating more and more points without underlying weeks to support them and that there are protections for us via Florida laws.

tlwmkw

 

[windje2000]

Puckman,

What you have heard appears to be correct. It was explained to me that the difference between points and weeks is due to Florida TS law. There must, by law, be an underlying real estate interest that represents the time/or points that are being sold otherwise the company could just keep selling more and more points that had no timeshares that could be occupied. With the weeks they have to have a week at the resort that you bought at that you have on your deed. Now with the trust there has to be a finite number of points that are attached to whatever weeks are in the trust. There are only so many points available to be sold. Just as you release your week into the exchange pool when you get points the points owners have to release some inventory into the exchange pool to get a vacation. The confusing part to me is who decides what in the trust is released into the exchange pool? I presume someone administers this to ensure that it all equals out but what a headache this must be. The bottom line is that just as the trust owners can't touch your week unless you release it, the legacy owner can't touch trust weeks unless they are released. This system is very confusing indeed but at least this shows that Marriott isn't just creating more and more points without underlying weeks to support them and that there are protections for us via Florida laws.

tlwmkw

You might want to read this post from another thread.

http://www.tugbbs.com/forums/showpost.php?p=947795&postcount=39

I was actually hoping someone would point to a section of the documents that I had missed that would preclude this scenario, but based on the responses, no one seems to be able to find such a section.

 

[BocaBum99]

Puckman,

What you have heard appears to be correct. It was explained to me that the difference between points and weeks is due to Florida TS law. There must, by law, be an underlying real estate interest that represents the time/or points that are being sold otherwise the company could just keep selling more and more points that had no timeshares that could be occupied. With the weeks they have to have a week at the resort that you bought at that you have on your deed. Now with the trust there has to be a finite number of points that are attached to whatever weeks are in the trust. There are only so many points available to be sold. Just as you release your week into the exchange pool when you get points the points owners have to release some inventory into the exchange pool to get a vacation. The confusing part to me is who decides what in the trust is released into the exchange pool? I presume someone administers this to ensure that it all equals out but what a headache this must be. The bottom line is that just as the trust owners can't touch your week unless you release it, the legacy owner can't touch trust weeks unless they are released. This system is very confusing indeed but at least this shows that Marriott isn't just creating more and more points without underlying weeks to support them and that there are protections for us via Florida laws.

tlwmkw

This rings true. If that is the case, then the benefit to Marriott is that this approach allows them to sell points that aren't tied to any specific real estate interest.

Seems a huge price to pay in terms of development for disembodying points from specific real estate.

 

[tlwmkw]

To clarify what I just posted above my understanding now is that there are really three pools:

1. Trust owners- all own a portion of the pooled weeks in the trust.

2. Legacy owners weeks- owned individually (you are your own pool and own your week)

3. Exchange pool

It appears that the trust weeks and legacy weeks can pull from their own pools but can only pull from the group 3 if someone in group 1 or 2 releases inventory into group 3. In practice this means that if a trust member wants to book time at a trust owned property then they get first dibs since they "own" it just as we own our weeks and have first dibs on those. The choice that the trust owners have is much wider because they "own all the resorts in the trust" (salesman talk) whereas week owners own only their week and not a wide group of resorts. Will this mean that group 3 will not contain good weeks? Who knows- the proof will only come once this beast is really up and running.

tlwmkw

 

[puckmanfl]

good morning....

I can do the same thing with a more simplistic solution!!!

There are two pools of inventory...

weeks and points.
weeks consists of non enrollee weeks and enrolleee weeks not converted for points. These weeks are bartered for by weeks in II as always. Trust members can deposit their points in II and access these weeks too!!

points. Points inventory comes from the folowing inventory. Trust units converted to points by MVCD. Legacy weeks turned in for MR or DC points by legacy owners. Delinquent units also can be put in point inventory. If a legacy owner converts to points (my 13666) for instance, I should be entitled to ALL point inventory up to my 13666 points (forget the skim). Points still stay constant and no "funy money " is being printed.

In this system Legacy points = Trust points.
If legalities make this impossible and in fact Legacy points < Trust points, than MVCD should have been clear about this and offered Legacy owners the opportunity to become Trust owners. It would take a simple equity exchange. I return my deeds to MVCD and they give me an equivalent (minus the skim) points in the trust. This way the point customer can determine, what kind of point player they wish too be!!!

In this system, after $85 K invested, I cannever be a "true" points player..

we canhave the BEST of both worlds, not the worst.

thanks for listening!!!

 

[Fredm]

I'll say it again. Why would Marriott want to keep these inventory pools separate? What is the value to Marriott?

Separate pools are necessary to comply with the various laws which govern timeshares. The points pool is governed by Florida law. However, when dealing with how a multi-destination program interacts with home resort laws in the various states, home resort use protections must be accounted for.
For example, every points trade is "subject to availability".
In California, a home resort owner has a 60 day priority on reservations before a multi-destination club can access the inventory of that resort.
Terms and Conditions of the D Club aside, it is all subject to the local laws which protect an owners use rights. So, it is all "subject to availability". Separate pools are necessary to accomplish this, if for no other reason.

 

[BocaBum99]

good morning....

I can do the same thing with a more simplistic solution!!!

There are two pools of inventory...

weeks and points.
weeks consists of non enrollee weeks and enrolleee weeks not converted for points. These weeks are bartered for by weeks in II as always. Trust members can deposit their points in II and access these weeks too!!

points. Points inventory comes from the folowing inventory. Trust units converted to points by MVCD. Legacy weeks turned in for MR or DC points by legacy owners. Delinquent units also can be put in point inventory. If a legacy owner converts to points (my 13666) for instance, I should be entitled to ALL point inventory up to my 13666 points (forget the skim). Points still stay constant and no "funy money " is being printed.

In this system Legacy points = Trust points.
If legalities make this impossible and in fact Legacy points < Trust points, than MVCD should have been clear about this and offered Legacy owners the opportunity to become Trust owners. It would take a simple equity exchange. I return my deeds to MVCD and they give me an equivalent (minus the skim) points in the trust. This way the point customer can determine, what kind of point player they wish too be!!!

In this system, after $85 K invested, I cannever be a "true" points player..

we canhave the BEST of both worlds, not the worst.

thanks for listening!!!

I completely agree with this post.

Why would anyone create a "currency" that can only access a portion of the products? It would be like the USA creating a currency called the dollar that could be used in all 50 states from 2005 and beyond. But, a dollar printed before 2005 could only be used in the 13 original colonies. If a customer wanted to buy the toothpaste Crest in Massachusetts, a dollar printed in 2003 can be used to purchase it. If you are in California, that same dollar can't buy that same tube of Crest. But, if the dollar want printed in 2006, it can buy Crest in MA or CA.

If there is two inventory pools, they should call the points something different Trust Points should be called one thing. Enrolled points should be called something else.

 

[BocaBum99]

Separate pools are necessary to comply with the various laws which govern timeshares. The points pool is governed by Florida law. However, when dealing with how a multi-destination program interacts with home resort laws in the various states, home resort use protections must be accounted for.
For example, every points trade is "subject to availability".
In California, a home resort owner has a 60 day priority on reservations before a multi-destination club can access the inventory of that resort.
Terms and Conditions of the D Club aside, it is all subject to the local laws which protect an owners use rights. So, it is all "subject to availability". Separate pools are necessary to accomplish this, if for no other reason.

I understand your logic, but I do not agree that this view mandates the system that Marriott created or has presumably created by some on this thread.

I am a Florida Broker and I am an expert in the Bluegreen Vacation Club. The BVC is a timeshare plan based on the Florida multi-site timeshare plan statutes. I believe the Marriott Trust is based on the same statutes.

In the BVC, there is a Trust where most deeds of the Club are held. There are deeds recorded in other states (none of which are California) which are also part of the Club. In addition, Bluegreen allows one time "deposit" of external weeks (mostly non-Bluegreen resorts) for which they grant one time points but with differing expiration rules. ALL of the points have access to the SAME inventory pool for booking reservations according to the reservation rules of the Club.

So, there is an existence proof of one very large point system based on the same timeshare plan as the Marriott Club where there is ONE pool of inventory for points Trust and external weeks which are treated like an exchange relationship.

But, the Bluegreen Vacation Club has points that are allocated based on a specific resort, deeded week and unit number. The points granted are exactly same as the points required to book such unit and the individual days associated with that week. And, owners get priority access to their underlying fixed week if they want it. At 11 months prior to check in, if those rights aren't elected, then the inventory automatically goes into the Bluegreen reservation system where inventory is made available to all owners on a first come, first served basis. All points owners, whether they are Trust owners, enrolled weeks owners, or external weeks owners depositing one time weeks in the system have the EXACT same reservation rights and access to a single consolidated inventory pool.

Therefore, I understand and acknowledge that each state has varying laws regulating access into home resorts. However, there is absolutely ways to construct a multi-site timeshare plan that consolidates inventory into a single system where points are points and reservations are made on a first come, first served basis.

 

[puckmanfl]

good morning...

Let me create the system...

Let's create an exchange company. Let's call it MVCEC (sounds familiar). Let's deposit the following inventory into it...

#1 Trust inventory.
#2 Legacy deeded weeks converted for MR or DCpoints
#3 Delinquency weeks

In old system , there was a currency for exchanges. They are called weeks. Let's create a new currency called points! Each point must be attached to a deeded week somewhere (trust or Legacy). These points are the new currency and can be used in the MVCEC or II(the old way).

MVCD sells these points to new members (trust owners) and can convert old legacy weeks to points as well (the unit is then placed in the exchange inventory). Now there are two types of point owners (trust and legacy), both than can use their points in the new MVCEC or old II exchange companies.

I would even be wiling to accept the "skim" as a legacy fee for keeping home resort priority and the ability to keep my week in "weeks" and trade as before...

Hook, Line sinker

done!!!

now Legacy Points = Trust points..

 

[JanT]

My head is literally spinning from all the posts in the last several weeks. It's like a bad train wreck that I can't look away from.

We haven't decided if we will now or ever join the points system. We own a 1 br EOY Grand Chateau week that garners 2200 points. For us that is sufficient because we don't like to travel peak time. The beauty of the points system for us would be the ability to book 1-4 nights at a time to extend our stay that we booked with another week.

There is a part of us that says well maybe we'll buy the extra 1,000 points but I seriously doubt we will because as I said, the 1-4 night booking would work for us just fine. We're just not into spending another $9200 for points plus the additional $400 a year maintenance fee.

BUT, if we decided to do that (and I don't need a long drawn out discussion on WHY we shouldn't), I simply want to know one thing:

Can we join those 1,000 points with our current 2,200 points to use together? Honestly, reading through the posts on this particular subject, I can't figure out if we can or not. Does anyone have a definitive answer to this question?