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ROFR metric / Ongoing ROFR Activity

amy241 said:
Marriott exercised ROFR on my $9500 Marriott Ko Olina purchase. Got the bad news tonight. Added to ROFR.net.
Click to expand...

My decision came back in 9 days. There have been some new developments on their ROFR decision that I am waiting to see how they play out before I report back on it.
 
Just as a note, since I could not see anywhere on ROFR to post a message, but the rofr.net site cannot be used for Grand Residence Club Tahoe quarter-ownerships. I have a few experiences I'd like to post there but have been unable to post.

as an aside Marriott seem to have become very active indeed on exercising ROFR even on EOY weeks and things that previously seemed likely to slip through. I'll update the site with my experiences sometime but have had lots of failures over past few months.
 
catharsis said:
Just as a note, since I could not see anywhere on ROFR to post a message, but the rofr.net site cannot be used for Grand Residence Club Tahoe quarter-ownerships. I have a few experiences I'd like to post there but have been unable to post.
Click to expand...
I probably need to add the "unit types" for GRC Tahoe.
 
I think @StevenTing reported $150M budgeted for ROFR funds. I do not know if that number has been confirmed in a securities filing.

But let’s assume it’s true - and that Marriott will ROFR at an average of $5K/week. I assume they let silver go and focus on Platinum and High Quality Gold.

Well $150M is 30,000 weeks, at $5K/apiece. I think there are only 720K weeks in all of Marriott land - this is a major shift of high quality weeks to the Trust.

Interesting to see.

Best,

Greg
 
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catharsis said:
Just as a note, since I could not see anywhere on ROFR to post a message, but the rofr.net site cannot be used for Grand Residence Club Tahoe quarter-ownerships. I have a few experiences I'd like to post there but have been unable to post.

as an aside Marriott seem to have become very active indeed on exercising ROFR even on EOY weeks and things that previously seemed likely to slip through. I'll update the site with my experiences sometime but have had lots of failures over past few months.
Click to expand...
What has your experience been on marrriott rofr grand residence quarter shares? Thanks

Sent from my SM-T217S using Tapatalk
 
GRC 1 Bed/1 Bath Mid June. Failed @ $31K
GRC 1 Bed/1 Bath Early July - Failed @ $32.5K
GRC 1 Bed/1 Bath Mid July Failed @ $35K
 
I haven't seen anything on ROFR.net, but I do wonder if there's an upper threshold they won't cross for high-value weeks like OF Lahaina/Napili which generally go for $25K on up.

I guess the GRC quarter shares translate into $2500/week, so still low cost/week opportunities.
 
catharsis said:
GRC 1 Bed/1 Bath Mid June. Failed @ $31K
GRC 1 Bed/1 Bath Early July - Failed @ $32.5K
GRC 1 Bed/1 Bath Mid July Failed @ $35K
Click to expand...
Thanks for the info! Would you happen to know what a studio fractional is going for? Prices are almost double about 7 years ago when we bought our units.

Sent from my SM-N950U using Tapatalk
 
frank808 said:
Thanks for the info! Would you happen to know what a studio fractional is going for? Prices are almost double about 7 years ago when we bought our units.

Sent from my SM-N950U using Tapatalk
Click to expand...

The recent studio listings are in the $25k range.
 
Seaport104 said:
The recent studio listings are in the $25k range.
Click to expand...
Thanks again. Seems like studios have more than doubled in price.

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just to add another datapoint,

GRC 1 bed/1Bath early august FAILED @ $38K
 
catharsis said:
just to add another datapoint,

GRC 1 bed/1Bath early august FAILED @ $38K
Click to expand...

:eek:WOW! Just in March there was a 2BR quarter at GR that passed for $50k. I am kicking myself for not picking that one up because I had seen it and was debating :wall:
 
Pulling information on Grand Residence Club Lake Tahoe. I see the following different types of ownership;

Interest 01 5/52nds
Interest 02 5/52nds
Interest 03 5/52nds
Interest 04 5/52nds
Interest 05 5/52nds
Interest 06 5/52nds
Interest 07 5/52nds
Interest 08 5/52nds
Interest 09 3/52nds
Interest 10 5/52nds
Interest 11 5/52nds
Interest 12 3/52nds
Interest 12 5/52nds
Quarter I 1/4th
Quarter II 1/4th
Quarter III 1/4th
Quarter IV 1/4th

I am not sure what the 3/52 vs the 5/52, is there a difference? Do I perhaps have the 3/52nd identified wrong and they are really 5/52. Perhaps each interest can be a 3/52nd or 5/52nd? Quarter shares seem pretty straight forward. Just trying to determine what manner to add these to ROFR.net.
 
GregT said:
I think @StevenTing reported $150M budgeted for ROFR funds. I do not know if that number has been confirmed in a securities filing.
Click to expand...

It was $180M and that is not something I’d expect to see in a filing since it’s not an “acquisition” of the normal type.
 
dioxide45 said:
Pulling information on Grand Residence Club Lake Tahoe. I see the following different types of ownership;

Interest 01 5/52nds
Interest 02 5/52nds
Interest 03 5/52nds
Interest 04 5/52nds
Interest 05 5/52nds
Interest 06 5/52nds
Interest 07 5/52nds
Interest 08 5/52nds
Interest 09 3/52nds
Interest 10 5/52nds
Interest 11 5/52nds
Interest 12 3/52nds
Interest 12 5/52nds
Quarter I 1/4th
Quarter II 1/4th
Quarter III 1/4th
Quarter IV 1/4th

I am not sure what the 3/52 vs the 5/52, is there a difference? Do I perhaps have the 3/52nd identified wrong and they are really 5/52. Perhaps each interest can be a 3/52nd or 5/52nd? Quarter shares seem pretty straight forward. Just trying to determine what manner to add these to ROFR.net.
Click to expand...


There are 3 week, 5 week and quarter share intervals for Grand Residence Lake Tahoe.
 
So more like this;

Interest 01 3/52nds
Interest 02 3/52nds
Interest 03 3/52nds
Interest 04 3/52nds
Interest 05 3/52nds
Interest 06 3/52nds
Interest 07 3/52nds
Interest 08 3/52nds
Interest 09 3/52nds
Interest 10 3/52nds
Interest 11 3/52nds
Interest 12 3/52nds

Interest 01 5/52nds
Interest 02 5/52nds
Interest 03 5/52nds
Interest 04 5/52nds
Interest 05 5/52nds
Interest 06 5/52nds
Interest 07 5/52nds
Interest 08 5/52nds
Interest 09 5/52nds
Interest 10 5/52nds
Interest 11 5/52nds
Interest 12 5/52nds

Quarter I 1/4th
Quarter II 1/4th
Quarter III 1/4th
Quarter IV 1/4th
 
StevenTing said:
It was $180M and that is not something I’d expect to see in a filing since it’s not an “acquisition” of the normal type.
Click to expand...

Considering the $180M number came from a salesperson, the number may not be reliable. It is the case the CEO said that they will acquire more used inventory. I am going through a relatively high-end weeks purchase. If it gets ROFR-ed, I will be somewhat surprised due to the price but I suppose they do need a good inventory of premium holiday weeks in the Trust.
 
Marathoner said:
Considering the $180M number came from a salesperson, the number may not be reliable. It is the case the CEO said that they will acquire more used inventory. I am going through a relatively high-end weeks purchase. If it gets ROFR-ed, I will be somewhat surprised due to the price but I suppose they do need a good inventory of premium holiday weeks in the Trust.
Click to expand...

If it's a fractional purchase and the per week value is relatively low it might make sense for them to ROFR it. If it's just a high value, let's say $30K+, for something like Maui then it might be a first.

JiminNC, and I believe GregT in the past, did some analysis of Trust Points value by week against ROFR price and conjecture was that if the cost/point value was below a certain threshold they would take it. The unknowns were whether Marriott's ROFR budget operates on a weekly, monthly or annual basis. For weekly or monthly, they could have lots of low value acquisitions leaving them more money to work with, while a month with a bunch of $10-$20K ROFRs might limit what gets taken.
 
TXTortoise said:
If it's just a high value, let's say $30K+, for something like Maui then it might be a first.
Click to expand...

I see that at MOC, the ROFR fails under $25K according to the ROFR database. But the Trust has holiday Platinum Plus weeks and other high value 3BR weeks, so these must be coming through ROFR as they cannot all be repossessions. So, I don't think that all $30K+ weeks will pass ROFR. I suspect that it is simply not being entered into the ROFR database for some reason.
 
I keep waiting to hear about one, just glad it wasn't for mine. Almost nothing has failed for Lahaina tower in the past five years with a range from $10K to $65K.

Probably comes back to the cost/point theory. Better value to ROFR a $17K MOC I floating week, than a Lahaina tower at twice the price.
 
dioxide45 said:
So more like this;

Interest 01 3/52nds
Interest 02 3/52nds
Interest 03 3/52nds
Interest 04 3/52nds
Interest 05 3/52nds
Interest 06 3/52nds
Interest 07 3/52nds
Interest 08 3/52nds
Interest 09 3/52nds
Interest 10 3/52nds
Interest 11 3/52nds
Interest 12 3/52nds

Interest 01 5/52nds
Interest 02 5/52nds
Interest 03 5/52nds
Interest 04 5/52nds
Interest 05 5/52nds
Interest 06 5/52nds
Interest 07 5/52nds
Interest 08 5/52nds
Interest 09 5/52nds
Interest 10 5/52nds
Interest 11 5/52nds
Interest 12 5/52nds

Quarter I 1/4th
Quarter II 1/4th
Quarter III 1/4th
Quarter IV 1/4th
Click to expand...



No it's 4 three weeks and 8 five weeks intervals. Based on the GR point sheet the 5/3 weeks per year are:

Interest 01 5/52nds
Interest 02 5/52nds
Interest 03 5/52nds
Interest 04 5/52nds
Interest 05 5/52nds
Interest 06 5/52nds
Interest 07 5/52nds
Interest 08 5/52nds
Interest 09 3/52nds
Interest 10 3/52nds
Interest 11 3/52nds
Interest 12 3/52nds
 
Seaport104 said:
No it's 4 three weeks and 8 five weeks intervals. Based on the GR point sheet the 5/3 weeks per year are:

Interest 01 5/52nds
Interest 02 5/52nds
Interest 03 5/52nds
Interest 04 5/52nds
Interest 05 5/52nds
Interest 06 5/52nds
Interest 07 5/52nds
Interest 08 5/52nds
Interest 09 3/52nds
Interest 10 3/52nds
Interest 11 3/52nds
Interest 12 3/52nds
Click to expand...
I think though that there are indeed Interest 12 5/52nds. I can see where the below are conveyed to the DC trust in some form. So some of the 09 through 12 must exist as 5/52nds.

Interest 01 5/52nds
Interest 02 5/52nds
Interest 03 5/52nds
Interest 04 5/52nds
Interest 05 5/52nds
Interest 06 5/52nds
Interest 07 5/52nds
Interest 08 5/52nds
Interest 09 3/52nds
Interest 10 5/52nds
Interest 11 5/52nds
Interest 12 3/52nds
Interest 12 5/52nds
Quarter I 1/4th
Quarter II 1/4th
Quarter III 1/4th
Quarter IV 1/4th
 
I guess I am just trying to understand the best way to put these in to the ROFR.net database so people can start logging them.
 
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