Ongoing Sales Incentive - Enrolling Post-6/20/10 Weeks [MERGED]

[NKN]

Weeks to Points

I rec'd this email from Marriott today. We own two fixed weeks at Monarch at Sea Pines. We're not interested, but the fact of the email was interesting.



.....Marriott Vacation Club® is celebrating five years of providing more vacation options to Owners through the Marriott Vacation Club Destinations™ Exchange Program. To celebrate, we're offering you an unprecedented, limited-time opportunity*.

As an Owner with a week or weeks that could not be enrolled previously in the Marriott Vacation Club Destinations Exchange Program, you can now gain access to more than 5,000 vacation options worldwide*.

From now through November 4, 2015, we are providing you the opportunity to enroll your externally purchased weeks when you purchase additional Vacation Club Points.

For details about enrolling and this limited-time opportunity, contact us at 843-342-1589.

 

[JIMinNC]

--deleted---

 

[SueDonJ]

... Perhaps they may be using the term "externally purchased weeks" to refer to ANY post-6/2010 resale, since technically, even when Marriott Resales is acting as the broker, the buyer is buying the week from the previous owner, who is "external" to Marriott.

Jim, to this last point you could be right.

The reason I'd disagree, though, is that the emails coming out refer to, "... weeks that could not be enrolled previously ..." That would appear to discount Weeks which were eligible at the time of purchase for the bundle package.

But your guess is as good as mine.

 

[VacationForever]

I just dropped an email to the Marriott salesperson who brokered the weeks sales. She is unlikely to know anything about this, from my past experience with her, but I am hoping that she will pass my question off to the DC sales dept. She had said previously that they are really set up as 2 separate companies, under the Marriott umbrella, and she knew very little about the DC side of the company.

 

[Travelmore]

We just got our email too - although it has a different phone number.

Have to confess.... receiving this email on the first day of a price increase, does not give me the warm and fuzzies....

 

[VacationForever]

We just got our email too - although it has a different phone number.

Have to confess.... receiving this email on the first day of a price increase, does not give me the warm and fuzzies....

Only matters if you are planning on buying, otherwise it is just noise, shift delete

 

[SueDonJ]

We just got our email too - although it has a different phone number.

Have to confess.... receiving this email on the first day of a price increase, does not give me the warm and fuzzies....

Makes you wonder if the sales reps who sent out earlier notices were supposed to do that.

 

[live4life]

I own post June 2010 weeks that were purchased before June 2015 (all titles received)-

1) where can I find in writing on the website, if it exists, about this program ... or is it by invitation only?

2) are the post june 2010 weeks eligible ONLY those bought from marriott or any re-sale?

3) Where can I find the week value (not what it takes to rent a week) for the weeks I own?

 

[live4life]

I went on the my-vacation website and it mentions that my weeks are not eligible... how could that be? Note- two were bought from Marriott re-sale and the other two via 3rd party. All transactions occurred from 2010 and 2014.Please advise

 

[tschwa2]

The current offer is not available online. You need to call in or do it in person. The online enrollment eligibility is for pre 2010 weeks.



I am attaching the email I received.

 

[Fasttr]

See my comments in your quote below.

I own post June 2010 weeks that were purchased before June 2015 (all titles received)-

1) where can I find in writing on the website, if it exists, about this program ... or is it by invitation only? I don't believe this offer is listed anywhere on the MVC website, and you can't enroll online as it requires a purchase of DC points. They just started sending out marketing emails today, but all it basically says is to call. HERE is a link to the guts of the email I received with a phone number you can call. Post #25 in this thread is a great outline of the offer.

2) are the post june 2010 weeks eligible ONLY those bought from marriott or any re-sale? We know that external resale weeks are elegible, but we are unsure if resale weeks purchased via MVC's resale department are eligible.

3) Where can I find the week value (not what it takes to rent a week) for the weeks I own? Try this link which GregT keeps a link to in the signature line of his posts.
http://gtibbitts.tripod.com/webonmediacontents/Points Values v10.pdf

 

[live4life]

I thought this thread was about post june 2010 sales?

 

[live4life]

Thanks Fasttr....

 

[Fasttr]

I thought this thread was about post june 2010 sales?

I think tschwa2 was just commenting that the online enrollment was only to enroll pre 2010 weeks, and that this deal, that you have to call about, is for the post 2010 weeks.

 

[live4life]

Question:

If I take Greg's chart and look at the points, it comes out to about 15,000 points.

I have no clue what the hec I would need to do ... before calling them and assuming my weeks are eligible, is the minimum # of purchase points is 3500 points to be eligible then to convert the weeks? or is it a smaller threshold of points to purchase?

I guess I am wondering what would be my approximate total cost?

 

[VacationForever]

Question:

If I take Greg's chart and look at the points, it comes out to about 15,000 points.

I have no clue what the hec I would need to do ... before calling them and assuming my weeks are eligible, is the minimum # of purchase points is 3500 points to be eligible then to convert the weeks? or is it a smaller threshold of points to purchase?

I guess I am wondering what would be my approximate total cost?

Read posts on page 1. Enrollment of 3 to 7 weeks require purchase of 5000 points.

 

[Fasttr]

Question:

If I take Greg's chart and look at the points, it comes out to about 15,000 points.

I have no clue what the hec I would need to do ... before calling them and assuming my weeks are eligible, is the minimum # of purchase points is 3500 points to be eligible then to convert the weeks? or is it a smaller threshold of points to purchase?

I guess I am wondering what would be my approximate total cost?

Look at post #25 at the bottom of page 1 of this thread. That will answer all of your questions. I don't think GregT's deal discusses the 5000 point option, but you can call to get the pricing info for that 3-7 week enrollment.

 

[scrapngen]

Just received my offer from Marriott Salesman:

purchase of 2500 Trust points is the minimum to take advantage of this opportunity. This will allow the enrollment of your external week. ...

This will also enroll your other 2 Waiohai weeks into the Marriott Destination’s club which will save you an additional $2395....


The cost for 2500 points is on special right now as well. The price is currently at $ 12.92 per point so 2500 points is currently $32,300. We have a promotional price of $27,450.. That is only $10.98/pt. (That is 2011 pricing)

Also would get platinum elite status for 3 years



This was the first time I was contacted about my resale week, and the price point of $10.98/pt. is already higher than Greg's was. I guess this is the increase everyone talked about? So I didn't get the opportunity to buy these 2500 points sooner. <shrug>

I don't think I want 2500 destination points with their high maintenance fee, just to get my external week into the system. Seems way too steep. Granted, it would get me to 15,000 points between the three weeks and the 2500 pts. which would put me in the top tier, but what a price to pay. I'm not located where it's easy to take advantage of short stays.

It is nice that they would put the other two weeks in at no additional charge, but $3000 is pennies compared to the $27,000 initial fee for the extra points and THEN the ongoing maintenance fees (!)

I think we'll pass.... When we need more flexibility I'll suck it up and enroll the two weeks that we purchased from Marriott. But really, even though that price has gone up, we've used our weeks every year since the DP program rolled out, except for one exchange where we got a 2 bedroom Maui exchange for our Waiohai through Interval.

 

[Travelmore]

Look at post #25 at the bottom of page 1 of this thread. That will answer all of your questions. I don't think GregT's deal discusses the 5000 point option, but you can call to get the pricing info for that 3-7 week enrollment.

This is the information I received (before the latest price increase) regarding the 5000 point purchase offer:

enrolling 3-7 weeks requires 5000 point purchase:
Currently 5000 points @ $12.66 per point = $63 300

Incentive #1: 5000 pts @ $10.76 per point = $53 800 plus 5500 plus points or 400 000 MR points
OR

Incentive #2: 5000 pts @$10.12 = $50 600

Either purchase gives platinum elite status for 3 years

 

[RebV]

offer we received at presentation

We went to a presentation while we were staying at Lakeshore Reserve a couple of weeks ago. We could enroll our post 2010 Cypress Harbour week if we purchased 2,500 trust points for something around $27,000. The sales person was also offering us the opportunity to purchase a resale week at Grand Vista for around $6,000 and this would give us an additional 2,500 points in the system. He mentioned this resale week because I wasn't interested at all unless we had more than 7,000 points in the system--it doesn't seem like you can do much with a small amount of points. We chose not to enroll our week as it seemed quite expresnive. We will probably just purchase a couple more resale weeks at places we want to go.

 

[Squan66]

Can someone please advise if the part about only being able o transfer between family members is true? I rent points all the time and will be VERY upset if they change his rule.

I received a call this evening from Jay at the Surfwatch to let me know about a program just announced that I might be interested in. A select group is being called. I decided to cut him off and take him through what he was going to discuss with me. He thought someone already called me until I explained I read about it on Tug. 15 years selling Marriott and he was unaware of Tug.

Purchase 2500 points to enroll my post 2010 week at 10.xx per point with the first year rental program. This offer is only opened for 30 days to prevent the flood of purchases of resale weeks.

87 percent of legacy week owners have enrolled their week and a very high percent are purchasing DC Points.

The reason why Marriott is doing this is to keep all weeks within the internal Marriott system. this will make II irrelevant for Marriott owners,

A significant increase in point cost is happening. T he next increase will take the cost to over 14.00

Though he was unaware of the rental market for DC points, he was sure Marriott would close this by only allowing the transfer or points between family members.

With new DC point purchases, Marriott will purchase back DC points at 60% of the price if an owner wants to sale the points. I asked if Marriott is putting this into the purchase contract for new sales. He said not yet, but they are putting in that Marriott will resale the points.

The MVCI expansion strategy is to buy into Marriott Hotels and the Autograph collection and make a subset into timeshares. This will be instead of building new. When I questioned what the split between companies if this is the case. It was a mistake to split the company and Marriott Jr, now owns 30% of VAC.

 

[Lansdowne]

Could this be a way for Marriott to capture dead properties or to recapture weeks into the system at some of the more attractive resorts that are out of the system. For example - encourage a purchase a Marriott week on eBay that would lie dormant (deceased owner, abandoned property or foreclosure property). Also lets say there is a resort in demand that has very limited access in the system because of most of the weeks are normally used by owners or by purchasers on the resale market. Tough to continue selling DCP claiming you can get into anywhere where in reality a lot of the top resorts have very limited availability.

With more DCPs in the system does that mean an increase in the points needed for trades.

 

[JIMinNC]

Can someone please advise if the part about only being able o transfer between family members is true? I rent points all the time and will be VERY upset if they change his rule.

It is certainly not a true claim now, and the sales rep was likely just trying to deflect the point rental issue by creating doubt. But there is no way to predict what may happen in the future. As long as point rentals continue to be a very, very small number of transactions, I doubt we'll see a change. But if they become more significant and Marriott thinks they are negatively impacting sales, it would be logical to expect that some limitations could be added. Marriott makes the rules, so they can do whatever is in their best interest.

 

[JIMinNC]

For example - encourage a purchase a Marriott week on eBay that would lie dormant (deceased owner, abandoned property or foreclosure property).

Since any weeks purchased/closed after August 15, 2015 are not eligible for the offer, they are certainly not trying to encourage new resale purchases. This is only applicable to resales owned prior to 8/15/2015. I suspect it is more about finding an attractive incentive to get existing owners to buy more points.

With more DCPs in the system does that mean an increase in the points needed for trades.

No. The point values for reservations are not impacted by the number of weeks in the Trust or the DC Exchange company.

 

[Andar]

Jim, to this last point you could be right.

The reason I'd disagree, though, is that the emails coming out refer to, "... weeks that could not be enrolled previously ..." That would appear to discount Weeks which were eligible at the time of purchase for the bundle package.

But your guess is as good as mine.

We have resale weeks purchased post-2010. Recently attended sales presentation at NCV. They looked up our weeks and said there were eligible as long as we purchased 1500 points over $10.00 per point.

While we did enroll our resale timeshares
purchased prior to the June 2010 deadline, we passed on this "deal"