Right of First Refusal

[pbaris]

Does Marriott make decisions on whether to waive rofr or exercise based upon the seller or buyer? The reason is I have tried to buy points 5 times since August at 2.50-3.75 per point. AND we cancelled a contract for points in July with Marriott. I have seen posts that would make me think they should have gone through. My agent was blown away this last time.

I mane glad I could help the sellers, lol. But is Marriott penalizing us because of the cancellation?

Thanks

 

[TheTimeTraveler]

I don't think the Marriott ROFR process has anything to do with the buyer or the seller. I would say it is 100% upon the sale price, and whether or not Marriott has the cash flow to match that offer. If the sale price is too attractive then they will buy it (as you have found out).



.

 

[Pathways]

Does Marriott make decisions on whether to waive rofr or exercise based upon the seller or buyer? The reason is I have tried to buy points 5 times since August at 2.50-3.75 per point. AND we cancelled a contract for points in July with Marriott. I have seen posts that would make me think they should have gone through. My agent was blown away this last time.

I mane glad I could help the sellers, lol. But is Marriott penalizing us because of the cancellation?

Thanks

There were a couple of threads a while back where tuggers absolutely felt the ROFR was adjusted based on their recent purchase/rescind activity/tours.

 

[jabberwocky]

I doubt they are making a decision to penalize you specifically. They are probably looking at balancing how many points they have available to sell. All indications are that leisure travel demand is picking up, and I suspect sales for timeshare companies are doing quite well if the resale market is any indication. MVC buying points via ROFR is a way to build sales inventory on the cheap.

Don’t take it personally, you’ll likely have to up your offer to make it go through.

 

[tschwa2]

I don't think they are trying to punish you and likely they don't even look at who the buyer is, but if they do their algorithm would be to exercise ROFR on you at a rate slightly higher than they would for someone else because they thought it would make you more likely to come back to the table and buy retail from them.

So maybe yes but not punitive.

 

[Dean]

There were a couple of threads a while back where tuggers absolutely felt the ROFR was adjusted based on their recent purchase/rescind activity/tours.

I recall posts about potential buyers being contacted after failing ROFR but not about being punished. I'm sure they were simply trolling that group for retail buyers rather than having an orchestrated plan against a given or even type of buyer. = I wouldn't say it's never happened but I can't imagine they're targeting a specific person(s), it wouldn't make business sense to micromanage to that degree.

 

[Mlvnsmly]

The truth about all things ROFR is that nobody knows one way or the other. People can offer data points about their own experience, but in the end it's all conjecture.

 

[CPNY]

Marriott reported today that they have budgeted 100M for more deedbacks of weeks and points for 2022. Not sure what previous budgets looked like but it does seem they will be aggressive to fund their trusts so they have more to sell and/or add to a combined program

 

[jwalk03]

Marriott reported today that they have budgeted 100M for more deedbacks of weeks and points for 2022. Not sure what previous budgets looked like but it does seem they will be aggressive to fund their trusts so they have more to sell

That does sound like a lot!! But it would be interesting to see the amounts very precious years to compare.

 

[Fasttr]

Marriott reported today that they have budgeted 100M for more deedbacks of weeks and points for 2022. Not sure what previous budgets looked like but it does seem they will be aggressive to fund their trusts so they have more to sell and/or add to a combined program

Let’s see, just looking at it from a pure points perspective, that’s about 11,111 sales of 3000 points each, purchased for $3 per point. Doesn’t sound all that crazy, especially since they could sell those same points for about $400M.

 

[CPNY]

Let’s see, just looking at it from a pure points perspective, that’s about 11,111 sales of 3000 points each, purchased for $3 per point. Doesn’t sound all that crazy, especially since they could sell those same points for about $400M.

11,111 resale ROFR transactions? That’s an average of 30 per day! I highly doubt there are that many resale transactions per day among all timeshares let alone just Marriott… but then again I could be wrong.

 

[travelhacker]

11,111 resale ROFR transactions? That’s an average of 30 per day! I highly doubt there are that many resale transactions per day among all timeshares let alone just Marriott… but then again I could be wrong.

Agreed that does sound aggressive. I am guessing they aren't just targeting points but the high value resale weeks as well.

 

[CPNY]

Agreed that does sound aggressive. I am guessing they aren't just targeting points but the high value resale weeks as well.

Yes, deeds and points.

 

[kimbapooch]

@pbaris please enter your recent purchase attempts into the ROFR.net database.

 

[Wanderlustgrl]

We could not get 2 of our purchases to go through. We waited and waited for the right bundle week and got pts around $8 a pt with no hassle directly from Marriott but I have heard there are often some available for less depending on how many you are trying to buy