I'm new here (just registered today), but my family owns six weeks of MVCR, and I'm more than a little concerned.
1. What is meant by "properties held in a Marriott trust"?Marriott has taken the unsold inventory at 11 resorts and grouped it together, assigned point values, and placed those in a trust for sale in lieu of a deeded week like legacy owners were given.
2. Am I right in saying that someone, anyone, with 6,500 points, no matter where they got them, can book in my home resort, any season, for just 7 nights, and they can book there a month before I can book there ?Yes and no- they can book at 13 months- but supposedly only up to 50% of the periods owned by the point inventory
3. Has all of this been made possible because Marriott had some weeks in inventory, at disadvanted locations, and they "converted" those weeks into "points" that could be spent anywhere? Thus increasing the interest level, and the value, of those weak weeks? A good basic premise
4. So they've increased the competition for bookings at MY home resorts, by selling "weeks" (points) at weak resorts ? And if those newbies are resourceful, they can book a full month before me ?See answer to #2- theoretically, you will only be competing with other week owners for the week owners' proportionate share of inventory. I was told unconditionally by someone high placed that this was, in fact, how it would work. There is no written documentation to this, however, but there is no reason to believe at least at this point in time that this is not their intention. However, everything is subject to change at anytime.