Recent owners update

[dougp26364]

Not much to report except the salesman said MVC wasn’t increasing the MF’s this year as a “one off”
year.

Of course he also stated that deeded week MF’s average 5-7% yearly increases while Abound points average 2.5-3% increases. So there’s that.

One other thing he showed me was next years MF’s for all our resorts. Now how would mother Marriott already know those figures when the annual meetings haven’t occurred? Its either sad that they feel owners of 24 years are either that stupid or there’s some sort of conspiracy where Marriott already knows what it wants the fees to be and the annual meetings are just for show.

I got the feeling he was only talking about the fees on Abound points and not deeded resort weeks. The fuzzy math of why I should spend tens of thousands of dollars to save $100/year in fees astounded me. They mentioned how the value of BonVoy points would offset the expense of the new purchase by thousands of dollars.

One thing I did find interesting was the deeded week we own that Marriott would never take back in trade, they’d have taken back this time. Funny how things change in just a few months.

 

[davidvel]

Not much to report except the salesman said MVC wasn’t increasing the MF’s this year as a “one off”
year.

Of course he also stated that deeded week MF’s average 5-7% yearly increases while Abound points average 2.5-3% increases. So there’s that.

One other thing he showed me was next years MF’s for all our resorts. Now how would mother Marriott already know those figures when the annual meetings haven’t occurred? Its either sad that they feel owners of 24 years are either that stupid or there’s some sort of conspiracy where Marriott already knows what it wants the fees to be and the annual meetings are just for show.

I got the feeling he was only talking about the fees on Abound points and not deeded resort weeks. The fuzzy math of why I should spend tens of thousands of dollars to save $100/year in fees astounded me. They mentioned how the value of BonVoy points would offset the expense of the new purchase by thousands of dollars.

One thing I did find interesting was the deeded week we own that Marriott would never take back in trade, they’d have taken back this time. Funny how things change in just a few months.

When you are tasked with selling $h!t, you gotta convince the buyer it don't stink.

 

[dioxide45]

Where was this? Boston?

 

[dioxide45]

If the underlying maintenance fees for the deeded weeks goes up by 5-7% at some point in time the fees for points has to catch up. Perhaps they have the points maintenance fees padded some from the start of the program, but at some point in time it all catches up and unless MVC wants to subsidize the fees for points, they have to increase by the same rate.

 

[dougp26364]

Where was this? Boston?

Yea

 

[dougp26364]

If the underlying maintenance fees for the deeded weeks goes up by 5-7% at some point in time the fees for points has to catch up. Perhaps they have the points maintenance fees padded some from the start of the program, but at some point in time it all catches up and unless MVC wants to subsidize the fees for points, they have to increase by the same rate.

Since we have yet to see next years MF’s, it’s hard to say whether flat fees are a truthful statement of wishful thinking. I feel it’s best to not get one’s hopes to high.

 

[JIMinNC]

Since we have yet to see next years MF’s, it’s hard to say whether flat fees are a truthful statement of wishful thinking. I feel it’s best to not get one’s hopes to high.

Marriott Vacations Worldwide executive management did say in their most recent earnings call that they expect 2026 maintenance fees to be “flatish”. I suspect that is where your sales rep got that information.

 

[dioxide45]

Marriott Vacations Worldwide executive management did say in their most recent earnings call that they expect 2026 maintenance fees to be “flatish”. I suspect that is where your sales rep got that information.

And we have seen the 2026 maintenance fees for Trust Points, which were pretty much flat.

 

[dougp26364]

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