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Passed ROFR on both MPD-CA and MCV-AZ

jhm40cu

TUG Member
Joined
Jul 3, 2008
Messages
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0
Hello.

I didn't quite expect this to happen, but Marriott waived their ROFR on both Desert Springs Villas II and Canyon Villas at Desert Ridge. I just added them to the Dioxide45's Marriott ROFR DB.

I won the both items at eBay in July: Desert Springs Villa-Red (EY) for $8,500 and Canyon Villas at Desert Ridge-Gold (EY) for $4,220. Knowing the fact that Marriott exercise their ROFR unpredictably, I kinda expect that at least one property would not pass their ROFR. To my surprise, I found out yesterday that both passed ROFR! Well, I thought I got pretty good deal on the both properties, but all of sudden it makes me wonder if I had paid too much. :) Maybe Marriott decided to go easy with exercising their ROFR due to the economic downturn. Who knows...

Now the difficult part is how I am gonna tell this to my wife. :D
 

erm

TUG Member
Joined
Aug 30, 2005
Messages
544
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19
Location
FL/CT
I'd say you got excellent prices on both units. Congratulations and many happy vacations. BTW, Marriott tried to sell me an EOY gold for 11K+ when I attended their sales presentation.
 

PhoenixCanuck

TUG Member
Joined
Jul 23, 2008
Messages
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Location
Las Vegas
Great job! I would encourage everybody to be very aggresive in lowballing resale offers on any MVC timeshares in the west right now. In Phoenix/Scottsdale especially, hotels and resorts have been hit very hard in this economic downturn. Cheap flights in and out of Phoenix have dried right up, far more than other major cities. And this isn't exactly a location that most people can drive to! During the Q2 analysts call, Marriott came right out and said that timeshare sales have slowed in the west. Given that their overall timeshare sales were not really down to the end of Q2, that must mean that MCV is hurting for developer sales right now.

I bought a MCV EY gold in April of this year from the developer for $11,900, bundled together with a full price Platinum Plus week. Divide that price by two for EOY, and it's understandable how Marriott did not exercise ROR in your case. A year from now if the economy bounces back, this could be totally different. Deals like the one you picked up certainly won't be around forever, so congrats again.
 

pcgirl54

Tug Review Crew: Rookie
TUG Member
Joined
Jun 6, 2005
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2,810
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Location
Florida
Resorts Owned
Marriott Barony Beach
Does your wife have a birthday or is it your anniversary soon?

Nice gift!
 
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