ROFR metric / Ongoing ROFR Activity

[dioxide45]

I need to correct the ROFR spreadsheet with regard to a Marriott Ko Olina entry below. I’ve emailed the contact (Dioxide45) on that spreadsheet twice but it has not been fixed. I should have typed $12,000 above (not $13,000 like I did). I didn’t see the typo before I posted.

We are closing on a week there for $12,500 and I posted that.

Ko Olina Beach Club

1/3/2024

Platinum

Annual

2BR

Ocean View

$13,000.00​

Failed

Amy241

Sorry for the delay, I will get it fixed. The issue is I can only make the updates on one Windows laptop that I have. I will hook it up today and make the updates.

 

[amy241]

Sorry for the delay, I will get it fixed. The issue is I can only make the updates on one Windows laptop that I have. I will hook it up today and make the updates.

Thank you! I just wanted us to have accurate information. it was my fault for the typo. lol.

 

[jwalk03]

Marriott's Grande Vista
2BR Platinum, Annual
$1802.00
Passed ROFR

 

[jrb916]

Marriott’s Willow Ridge
2BR Platinum, EOY-Odd
$730
Passed ROFR


won eBay auction on 9/3, confirmed passed ROFR on 10/5, final docs sent to Marriott on 12/22 (said 8 weeks to close), confirmed in our name on 3/6. Total of 6 months.

 

[Fido Chuckwagon]

Marriott’s Grand Chateau
2BR Platinum, EY
$2,000
Passed ROFR

 

[Vacation fun]

Question ?
Does anyone know what Marriott does to the deeded weeks that they pick up on First Right of Refusal ?
Do they then re-deed them to points ? Or sell them as bundles ?
How does it affect deeded owners trying to use their weeks to book in at their properties ?

 

[dioxide45]

Question ?
Does anyone know what Marriott does to the deeded weeks that they pick up on First Right of Refusal ?
Do they then re-deed them to points ? Or sell them as bundles ?
How does it affect deeded owners trying to use their weeks to book in at their properties ?

They convey them over to the trust to sell as points. Weeks sold in the bundles are from owners who have listed their weeks through the Marriott Resale Program.

 

[Dean]

Question ?
Does anyone know what Marriott does to the deeded weeks that they pick up on First Right of Refusal ?
Do they then re-deed them to points ? Or sell them as bundles ?
How does it affect deeded owners trying to use their weeks to book in at their properties ?

It doesn't have much effect on weeks owners as every week removed from a season is one less owner vying for reservations. And it likely doesn't have much effect on the points side either for the opposite reason. One more owner trying to get reservations that are often high demand.

 

[jsonline]

Purchase / ROFR Details:
HGVC Elara
1BR Grand Plus -- Annual -- 12,480 (new) points
$7,750
Date of Sale: 1/5/2024 ; Date ROFR Cleared: 1/24/2024
Passed ROFR in less than 30 days. Added to ROFR database.

Market Commentary:
I paid the classic TUG valuation of ~$1 per (old) point (at 7,800 old points) because this was my optimal deed for HGVC points per MF across a 10+ year holding period. It also included banked 2023 points for an extra $499. This unit was dual-listed on both RedWeek and Ebay, with 20+ watchers on Ebay. I was comfortable purchasing at this valuation to take the unit off the market and eliminate the risk of losing the deal to an Ebay bidder. I also had a March 2024 trip on the radar where I wanted to try to use HGVC points for the booking, so finalizing a purchase and clearing ROFR quickly was important to me.

The seller was The Timeshare Group, LLC (Ebay Handle: Tochoa25) where John Hamlet was my primary contact. The sales / closing process was very professional and went smoothly. The deal was doc'd within a few days and ROFR cleared in less than 30 days after submission. The transaction's superlatives included clear communication, no hidden fees, and excellent service. I highly recommend The Timeshare Group as a resale source and I would gladly do business with them again.

20/20 Hindsight:
I kept an eye on the market after purchasing and it turns out that The Timeshare Group had another Elara unit of this same type in inventory that (from what I gathered from an Ebay posting) sold for ~$6,500 in March 2024. Perhaps this was coincidental or perhaps there are more of these types of units on the market than I thought.

BOTTOM LINE: It seems to me that $6,500 - $7,500 would be the going price for an Elara 1BR-G+ Annual as of Q1:2024.

 

[Mongoose]

Purchase / ROFR Details:
HGVC Elara
1BR Grand Plus -- Annual -- 12,480 (new) points
$7,750
Date of Sale: 1/5/2024 ; Date ROFR Cleared: 1/24/2024
Passed ROFR in less than 30 days. Added to ROFR database.

Market Commentary:
I paid the classic TUG valuation of ~$1 per (old) point (at 7,800 old points) because this was my optimal deed for HGVC points per MF across a 10+ year holding period. It also included banked 2023 points for an extra $499. This unit was dual-listed on both RedWeek and Ebay, with 20+ watchers on Ebay. I was comfortable purchasing at this valuation to take the unit off the market and eliminate the risk of losing the deal to an Ebay bidder. I also had a March 2024 trip on the radar where I wanted to try to use HGVC points for the booking, so finalizing a purchase and clearing ROFR quickly was important to me.

The seller was The Timeshare Group, LLC (Ebay Handle: Tochoa25) where John Hamlet was my primary contact. The sales / closing process was very professional and went smoothly. The deal was doc'd within a few days and ROFR cleared in less than 30 days after submission. The transaction's superlatives included clear communication, no hidden fees, and excellent service. I highly recommend The Timeshare Group as a resale source and I would gladly do business with them again.

20/20 Hindsight:
I kept an eye on the market after purchasing and it turns out that The Timeshare Group had another Elara unit of this same type in inventory that (from what I gathered from an Ebay posting) sold for ~$6,500 in March 2024. Perhaps this was coincidental or perhaps there are more of these types of units on the market than I thought.

BOTTOM LINE: It seems to me that $6,500 - $7,500 would be the going price for an Elara 1BR-G+ Annual as of Q1:2024.

I'm paying $500 for a 1 BR Platinum Elara. We will see if it goes through.

 

[jsonline]

I'm paying $500 for a 1 BR Platinum Elara. We will see if it goes through.

That's an incredible price. Did you find it on Ebay?

 

[Mongoose]

That's an incredible price. Did you find it on Ebay?

No. Made an offer on Redweek.

 

[dioxide45]

In the future, you can use the report link in the bottom left and ask for it to be moved. I did this last night, but it doesn't look like it got moved. I have also reported the replies so they can possibly be moved.

[All have now been moved into this thread. mg]