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pianodinosaur

TUG Review Crew: Veteran
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HGVC SeaWorld x 2, HGVC Las Vegas Strip x 2, MVC Mountain Valley Lodge, MVC Legend’s Edge
I had ROFR waived on a 2bedroom platinum season unit at Marriott’s Legends Edge in July 2019. Purchase price = $1.00.
 

Saintsfanfl

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Even with the "special assessment" current maintenance fee LE still has ok value with the Florida Club option. I am sure they are considering this when they exercise ROFR on an LE unit. It has tons of flexibility.
 

ajlm33

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I had ROFR waived on a 2bedroom platinum season unit at Marriott’s Legends Edge in July 2019. Purchase price = $1.00.


Interesting that Marriott would waive ROFR on the LE unit (but also great for you) for the $1.00 purchase price. I sold directly to Marriott my 2BR platinum LE unit in late 2018 for $8,750 pre-commission which then they had already resold (per my paperwork from them) as part of a hybrid bundle to another buyer. I was very fortunate to get that price from them.
 

marmite

TUG Sightings Guru
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British Columbia
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Marriott's Grand Chateau, Sheraton Desert Oasis,
HGVC Paradise,
WorldMark
ROFR failed for a 2BD Annual Red season at Marriott Desert Springs Villas II for $1550. Have added it to the database. I got notification very quickly in just over a week. Try, try again.
 

Calba205

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Marriott Grande Vista x 2
Looks like I’m buying my first TS! Marriott just waives their ROFR in just 2 days for a 2bd platinum at Marriott Grande Vista for $2,500. I’ll add it to ROFR.net tonight.
 

jmhpsu93

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MVC Abound Points
MVC Grande Vista (x2)
MVC Cypress Harbour (x2)
MVC Harbour Lake (x2)
Golden Shores (Mexico)
Looks like I’m buying my first TS! Marriott just waives their ROFR in just 2 days for a 2bd platinum at Marriott Grande Vista for $2,500. I’ll add it to ROFR.net tonight.

Nice - that's a great trader. We've also stayed there during Easter week and New Year's week (both platinum) and it was a great place to stay.
 

Jsmooth969

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Marriott Grande Vista
Aruba Ocean Club
Most of the information we've heard here on TUG from more trustworthy sources (i.e. - not coming from a sales person's mouth) is that the weeks Marriott acquires through ROFR go directly into the MVC Trust to provide cheaply-acquired points to sell (cheaper than building new resorts), and are not resold (possible exceptions are Aruba, St Kitts, and Europe weeks, since those can't be put in the Trust, and thus must be resold). Every bundle I've been offered or heard of others being offered are true resale weeks where Marriott is operating as the broker between buyer and seller. The one bundle we bought was such a transaction, and the transaction was between us and a Seller from Ohio, with Marriott as the broker.

If you think about it from a business standpoint, if Marriott can acquire a week via ROFR for a price that equates to $1-$3 per point for the point value of that week, and then can sell those points for $11-$14 per point, they can make a heck of a lot more money than selling that as a week. Using your $10,900 Platinum 2BR Grande Vista as an example, that week is worth 2775 points. If they can exercise ROFR at, let's say, $1000 to $3000 (prices that have failed ROFR on rofr.net), their cost for those 2775 points would be around $1 per point or less. But they can resell them for a discounted price of around $11-$12 per point, or $30,000 to $33,000. So, they can earn three times the revenue they would earn by reselling the reacquired week for $10,900.
I am in contract for the same exact offer
 

Shaun

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Marriott's Maui Ocean Club
I just closed on my purchase of a Marriott Maui Ocean Club (original towers) 2BR OV EOY for $8,000 plus closing costs. I'll be entering into ROFR.net shortly.
 

SteelerGal

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MVC exercised ROFR on Shadow Ridge Platinum for $2550.00
 

michael49

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Maui Ocean Club, Waiohai Beach Club, Desert Springs II, Manor Club (Original Section), DC points
MVC has exercised their ROFR on a 2 bedroom, every other year odd, Ko Olina Mountain View. Purchase price was $4,000. I'll add this to ROFR.net in a few minutes. C'est la vie!
 

SteelerGal

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Waiting to see if we pass ROFR on Desert Springs II Platinum. Hopefully will have an answer in the next week. Our last denial took a couple of days.
 

SteelerGal

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MVC exercised ROFR on Marriott Desert Springs II annual red season. Added to site.
 

qlaval

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Montreal, Quebec
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Marriott Aruba Ocean Club, Renaissance Aruba Resort & Casino
ROFR waived last week for a 1BR OF annual Aruba Ocean Club Gold at $3,500 (with FYU in 2021...)
Last may MVC exercised ROFR for the exact same purchase at $4,000.00 (with FYU in 2020)
 

MGOGO

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I have an annual Week 50 at Harbour Point at Shelter Cove thinking it is a larger 2Br/2Ba unit ..did this week ever go Red? Contemplating turning it in .. like some aspects of Timeshare .. but then again.. Can anyone offer me any creative ideas??

I also own EOY at Maui Schooner and was thinking possibly trying to find another EOY ?? What are some of your thoughts ?? Thanks !!
 

Dean

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I have an annual Week 50 at Harbour Point at Shelter Cove thinking it is a larger 2Br/2Ba unit ..did this week ever go Red? Contemplating turning it in .. like some aspects of Timeshare .. but then again.. Can anyone offer me any creative ideas??

I also own EOY at Maui Schooner and was thinking possibly trying to find another EOY ?? What are some of your thoughts ?? Thanks !!
I'm not sure about red but in II, week 50 is as low as you can get. IMO the week is not worth the fees. If you can get them to take it off your hands without out of pocket, you're doing well. I can't speak to the Maui Schooner, the HI board might be a better location for that question. You can certainly look at various sites including redweek & ebay plus TUG classifieds.
 

MOXJO7282

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Yes on getting rid of the HP week 50. If you can't and are stuck with it the best approach would be to try to trade it every year for another Marriott on HHI. You could most likely trade back into HP for a week 38-45 which would be a nice vacation time, maybe even into a late fall GO.
 

MGOGO

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Thanks folks .. I appreciate your honest perspective .. we have mostly traded it for the last 20 years .. Liked Cypress Harbour and Newport Villas .. saw some people offer that getting a unit in possibly Marriott Chateau that is 3Br may offer more flexibility and use the unit as a lockoff + 2 Br .. not certain if II will allow that to occur if I bank it.. Anyone know .. we are in our late 50's so I am thinking we may still like to use the timeshare system, just something that we might be inclined to use if trades aren't available .. I was pleasantly surprised at the renovations I was seeing on line and thought that the unit might be worth something as it appears the property is looking more appealing.
 

MOXJO7282

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Thanks folks .. I appreciate your honest perspective .. we have mostly traded it for the last 20 years .. Liked Cypress Harbour and Newport Villas .. saw some people offer that getting a unit in possibly Marriott Chateau that is 3Br may offer more flexibility and use the unit as a lockoff + 2 Br .. not certain if II will allow that to occur if I bank it.. Anyone know .. we are in our late 50's so I am thinking we may still like to use the timeshare system, just something that we might be inclined to use if trades aren't available .. I was pleasantly surprised at the renovations I was seeing on line and thought that the unit might be worth something as it appears the property is looking more appealing.
I own 2 great units at HP a week 32 and week 36 and have seen the renovations firsthand and thought they were well done also. There isn't much I can tell you about trading if you've been doing it for 20 years and you've mentioned some nice locations you've traded for it seems like it is serving you well but I don't think it's trade value has increased because of the renovations.
 

vmpt

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Coronado Beach Resort, Fox Run, Coral Reef Beach Resort, Marriott Monarch at Sea Pines, Marriott Barony Beach, Sand Pebbles Resort, Westin Lagunamar
MVC exercised ROFR for Grande Ocean gold season at $3500.
 

jmmoultn

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MGOG, we deeded back a Sunset Pointe "Value Season". Renting a unit in that season was cheaper than our annual maintenance fees and we didn't expect to go to HHI annually. Process was no cost to us and went smoothly (and we had 20 years of good trades and occasional usage with the unit).

Jon
 

michael49

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Maui Ocean Club, Waiohai Beach Club, Desert Springs II, Manor Club (Original Section), DC points
Marriott has exercised ROFR on Manor Club (original section), platinum season, 2 bedroom at $1,500.
I'll add this to ROFR.net in the next few minutes.
 
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