Owners Update. SO to Abound? Confused.

[sjcousins11]

I just findings an owners update and need help. Can anyone help me understand if a decision to move to Marriot is worth it? I own an odd week (purchased in 2005) and purchased an annual at resale (purchased in 2017) giving me about 148,100 SO. Both are Orlando properties. But I’m not sure that switching to Marriot makes cents and sense. Apparently there was no record of me being offered a purchase of Marriott points (?) at .48 instead of .82.but I nonetheless hv a lock box (?) that expired Dec 2024 but were mentioned to me today. And I could literally by the cheapest option they have and get my 148 points and 4,000 marriot (points?). No clue what the cheapest option even is. I don’t know if the sales guy was just really nice or this package doesn’t benefit Marriot that much so it is a good deal? Basically I’m clueless on if this is a good deal and if I should’ve move toward. I’ve read some here about Abound and am a little overwhelmed. Promised lifetime Platinum Elite and also VIP status (?). I do have the bonvoy Amex (formally Starwood). Anyone able to help me understand?

If the attachment is TMI please let me know.

S

 

[sponger76]

Marriott Abound points official rack rate is I believe over $17 per point, nowhere near $0.48 or even $0.82, though they usually discount it depending on exactly how many you are buying. But that discount would be at most a few dollars per point,, not nearly the entire amount to get it below a dollar. The $0.82 you mention is around the current Abound Maintenance Fee per point, not purchase price.

 

[Hindsite]

Sounds like you have resale mandatory ownership that was bought before Aug 2022, if so, you already have Abound enrolled ownership and the ability to elect that ownership for Club points, and the ability to rent club points for less than the cost of maint fees, so don't need to buy anything. They are just bamboozling you.

VIP status is made up sales rubbish it isn't a thing. The Bonvoy Plat status you already have for Select level ownership, plus whatever you have with your Bonvoy Amex.

 

[DavidnRobin]

don't do anything

 

[dioxide45]

nowhere near $0.48 or even $0.82

The .48 and .82 actually sound like prices for developer Sheraton Flex. We were pitched these, or similar, prices a few years ago in Orlando. I asked them if anyone seriously paid .82 and they said yes. Not sure how true that really was. Perhaps if one is buying the smallest package. It sounds like they may have been trying to sell Sheraton Flex but branding them in some way as "Marriott Points" and giving them the election value of those HomeOptions vs actually telling them how many HomeOptoins they have. The Orlando sales centers still try to sell Sheraton Flex when they can.

 

[sponger76]

The .48 and .82 actually sound like prices for developer Sheraton Flex. We were pitched these, or similar, prices a few years ago in Orlando. I asked them if anyone seriously paid .82 and they said yes. Not sure how true that really was. Perhaps if one is buying the smallest package. It sounds like they may have been trying to sell Sheraton Flex but branding them in some way as "Marriott Points" and giving them the election value of those HomeOptions vs actually telling them how many HomeOptoins they have. The Orlando sales centers still try to sell Sheraton Flex when they can.

That does make sense. The $0.48 at least is somewhere around the purchase price people might be paying retail these days for Sheraton Flex. I am horrified at the idea of someone actually paying $0.82, but I suppose there are some poor people that might actually get suckered into it.

 

[dioxide45]

That does make sense. The $0.48 at least is somewhere around the purchase price people might be paying retail these days for Sheraton Flex. I am horrified at the idea of someone actually paying $0.82, but I suppose there are some poor people that might actually get suckered into it.

I seem to recall the pitch on us was .82 was full price but because we had an encore or were somehow otherwise locked in to some previous pricing we were eligible for it in the .48 range. I suspect very few people ever pay full retain. Perhaps only those that buy the smallest every other year deed.