ROFR metric / Ongoing ROFR Activity

[Steve Fatula]

Marriott did not exercise ROFR for my purchase of OceanWatch Platinum Oceanside. $11,500, but the way the contract read, the purchase price was $12,000. Equivalent to $2.75/pt at $11,500.

Except, you can't exchange it for points. But good deal!

 

[TXTortoise]

Tedious, but might be nice to have the $/Point ratio on ROFR.net for easy reference. At the least, reporting in this thread does help us track the trend from Marriott...irrespective that resales can't be exchanged for points.

It will be interesting to see if the Caribbean and non-US resorts continue to pass at low value, since they can't be put in the trust.

 

[Steve Fatula]

Tedious, but might be nice to have the $/Point ratio on ROFR.net for easy reference. At the least, reporting in this thread does help us track the trend from Marriott...irrespective that resales can't be exchanged for points.

I also wish it was a column in Steven Tings excellent maintenance fee document, i.e., MF/point.

 

[JIMinNC]

I also wish it was a column in Steven Tings excellent maintenance fee document, i.e., MF/point.

It is. On the second tab in the Google spreadsheet

 

[Steve Fatula]

It is. On the second tab in the Google spreadsheet

Yeah, just saw that. Doh! So, the cheapest MF/PT is Timber Lodge Platinum Plus at 21 cents per point, at least where data exists for 2018. For 2017, it appears Mountainside Platinum 52 is cheaper at 16 cents per point. I guess it's the champion. For enroll-able resale weeks (from Marriott), looks like Playa Andaluza Platinum Sea Front 3BR is the ultimate at 20 cents per point.

 

[dioxide45]

Tedious, but might be nice to have the $/Point ratio on ROFR.net for easy reference.

If it is purchase $/point, it isn't necessarily tedious since many of the point amounts are already in the Db. Just adding a column to to the website should be doable. However, if you are looking for the MF$/point, then that is another story since there is no MF data in the database.

 

[Steve Fatula]

If it is purchase $/point, it isn't necessarily tedious since many of the point amounts are already in the Db. Just adding a column to to the website should be doable. However, if you are looking for the MF$/point, then that is another story since there is no MF data in the database.

Unless you imported it from Stevens spreadsheet.

 

[dioxide45]

Unless you imported it from Stevens spreadsheet.

Possible, but there isn't a one-to-one matchup with Steve's database. That is where the more tedious comes in.

 

[TXTortoise]

For purposes of ROFR, I think we are currently focused on the ratio of $/DP allocated. I'd do that first, and you get bonus points if you integrate Steve's data at a later time. ;-)

 

[JIMinNC]

When I did my ROFR price/point analysis earlier in this thread, I manually filled in a few missing point values from dioxide45’s ROFR.net data. I don’t think I ever sent that back to dioxide45. In only did the last year or so, but I can send that to him tomorrow.

 

[LUVourMarriotts]

Except, you can't exchange it for points. But good deal!

Yup, definitely aware of that. But, we plan to use it each summer, as of right now. We moved to NC in 2016 and have been to MOW 4 times in just over 2 years. In a few cases, we made last minute decisions to go, spending thousands to stay as a Marriott guest. So, we are making it somewhat cheaper on ourselves no matter what. We tried several other ways to get the ability to be able to reserve MOW summer weeks yearly, and this was our cheapest. We went to a sales pitch and they pushed us to spend $40K then $28K. We worked with Resales Operations about MOW resale, Aruba/St. Kitts resale (points and week) and hybrid. The cheapest there was ~$16,000 for what we got at MOW, but when I said yes, they said it was no longer available. Aruba/St. Kitts cheapest was $25K and hybrid was $30K+. We already have our other 2 weeks enrolled, but those 2 get us to 4650 points, and we really needed to be at 7000 to get MOW summer weeks with the 13+ window.

Worst case scenario, we add a second II account and trade, with an expectation of good trade value.

 

[csalter2]

I am waiting for ROFR on St. Kitts at a very low price. Does it have a higher chance to clear due to it being St. Kitts and therefore not eligible for trust points?

Neither is Aruba eligible for trust points but they do exercise ROFR. St. Kitts a iffernt bast and you may be able to get it passed ROFR.

 

[MOXJO7282]

ROFR exercised by Marriott. Maui Ocean Club, Napilli. 2-Bedroom Oceanfront, annual. $29,000.

Wow. Was this a fixed week? I could see if it was a fixed week 7 but otherwise that is extreme ROFR.

 

[TravelTime]

I am confused when folks say Aruba, St Kitts and Europe are not available for trust points. Marriott is selling all of this direct as enrolled weeks. What is the difference if you buy one of these weeks direct from Marriott as an enrolled week vs buying a US week direct from Marriott?

 

[csalter2]

I am confused when folks say Aruba, St Kitts and Europe are not available for trust points. Marriott is selling all of this direct as enrolled weeks.

Yes, Marriott sells these as enrolled weeks. Apparently, due there are some restrictions due to the countries they are located in that they cannot be added to the trust. As a result, Marriott sells these properties as enrolled weeks in the Destination Club. If you have trust points, you are able to book at these properties, but Marriottt cannot place these units in the trust like the US properties.

 

[TXTortoise]

Wow. Was this a fixed week? I could see if it was a fixed week 7 but otherwise that is extreme ROFR.

I was just revisiting ROFR.net and it's crazy how the MOC new towers values vary over the last five months... the last two are really confusing. Does make one wonder if day of month and/or who has X amount to spend in their ROFR allocation is as big variable as $/Point valuation.

Maui Ocean Club - Lahaina and Napili Villas 9/27/2018 Platinum Annual 2BR Ocean Front $29,000.00 Failed Craig
Maui Ocean Club - Lahaina and Napili Villas 8/22/2018 Fixed 03 Annual 2BR Ocean Front $20,000.00 Failed TxTortoise
Maui Ocean Club - Lahaina and Napili Villas 8/22/2018 Fixed 04 Annual 2BR Ocean Front $20,000.00 Failed TxTortoise
Maui Ocean Club - Lahaina and Napili Villas 5/1/2018 Platinum Annual 2BR Ocean Front $21,500.00 Passed CC
Maui Ocean Club - Lahaina and Napili Villas 5/1/2018 Platinum Annual 2BR Ocean Front $21,500.00 Failed CC

 

[johnf0614]

Finally Passed!!! 2BR Platinum EOY Even Harbour Lake!


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[Theiggy]

Finally Passed!!! 2BR Platinum EOY Even Harbour Lake!


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How much?


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[Theiggy]

How much?


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And congrats to you!


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[johnf0614]

How much?


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$1050. Took me about 7 tries between this, GC, and GV before finally passing


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[Theiggy]

$1050. Took me about 7 tries between this, GC, and GV before finally passing


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Great- I hope they ran out of ROFR money!


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[ArubaOwnsRoytman]

I am confused when folks say Aruba, St Kitts and Europe are not available for trust points. Marriott is selling all of this direct as enrolled weeks. What is the difference if you buy one of these weeks direct from Marriott as an enrolled week vs buying a US week direct from Marriott?

most of those locations are right to use (30 year extendable leases) not actual deeded property and are not allowed to be added into the vacation trust(dc inventory) and sold as points directly which is why Marriott will not usually exercise on them.

 

[bazzap]

most of those locations are right to use (30 year extendable leases) not actual deeded property and are not allowed to be added into the vacation trust(dc inventory) and sold as points directly which is why Marriott will not usually exercise on them.

We own at St Kitts Beach Club and in Europe at Club Son Antem and Playa Andaluza, as well as other resorts.
St Kitts is deeded
Club Son Antem is RTU until 2078
Playa Andaluza is RTU until 2052
We have enrolled all of these resorts in the DC Points programme.

 

[ArubaOwnsRoytman]

your misunderstanding you having enrolled weeks you can trade into trust points and mvc buying back international properties (as they have done with domestic us deeded weeks) to sell as vacation club beneficial interests to new vcp purchasers.

 

[bazzap]

your misunderstanding you having enrolled weeks you can trade into trust points and mvc buying back international properties (as they have done with domestic us deeded weeks) to sell as vacation club beneficial interests to new vcp purchasers.

I am not sure if you were responding to my post or someone else’s earlier one?
MVC definitely can’t put these International weeks into the Trust if they buy them back from owners.
I was just seeking to help respond to questions raised by advising the type of ownership and RTU duration for these and to confirm that they can be enrolled.