ROFR metric / Ongoing ROFR Activity

[a2zkid11]

I once asked for all documentation out of curiosity. I do not know how prevalent this is but I had a discrepancy on purchase price and ROFR. Here was the reply. “Yes, you are correct. In certain cases we will increase the price we submit to help the odds of Marriott waiving and allowing the transfer to go through to the new owners. ” .

 

[Avulasai]

Team - what about ROFR on resale of Marriott points ? I attended a Marriott presentation today , they were offering me for $16.50 per point . I am evaluating if I should points in the resale market

 

[jwalk03]

Team - what about ROFR on resale of Marriott points ? I attended a Marriott presentation today , they were offering me for $16.50 per point . I am evaluating if I should points in the resale market

Points typically pass ROFR at $3-$4/pt. There is the additional $3/pt fee to Marriott- so you can get resale points for $6-$7/pt all-in. A significant savings over the Marriott direct price.

 

[Avulasai]

Points typically pass ROFR at $3-$4/pt. There is the additional $3/pt fee to Marriott- so you can get resale points for $6-$7/pt all-in. A significant savings over the Marriott direct price.

What are the downsides if any by buying this way? Really appreciate your feedback and insight. I guess why not Marriott do something to stop it ? The sales presentation indicated points bought on resale market would not get other benefits… frankly if I don’t become a vip or chairman club, I don’t care. As long as I can book and rent trade as
If I bought directly from
Marriott

 

[vacationtime1]

What are the downsides if any by buying this way? Really appreciate your feedback and insight. I guess why not Marriott do something to stop it ? The sales presentation indicated points bought on resale market would not get other benefits… frankly if I don’t become a vip or chairman club, I don’t care. As long as I can book and rent trade as
If I bought directly from
Marriott

You can book, rent, or trade resale points identically to those purchased from Marriott -- once you pay its $3/point extortion education fee.

The salesperson's half-truth is that the "other benefits" require payment of that $3/point fee. But once it is paid, you are good to go.

 

[jwalk03]

What are the downsides if any by buying this way? Really appreciate your feedback and insight. I guess why not Marriott do something to stop it ? The sales presentation indicated points bought on resale market would not get other benefits… frankly if I don’t become a vip or chairman club, I don’t care. As long as I can book and rent trade as
If I bought directly from
Marriott

Nothing. Once you pay Marriott their fee the points function exactly the same as points bought from Marriott. Ignore the sales lies about those mystery "benefits" that don't apply.

 

[jwalk03]

Marriott's Grande Vista, 2BR Platinum, $3250, passed ROFR.

 

[AlmostRetired]

What are the downsides if any by buying this way? Really appreciate your feedback and insight. I guess why not Marriott do something to stop it ? The sales presentation indicated points bought on resale market would not get other benefits… frankly if I don’t become a vip or chairman club, I don’t care. As long as I can book and rent trade as
If I bought directly from
Marriott

One down side you will need to figure out what to do with the money your saved.

 

[emoneybug]

Marriott Manor Club Sequel 2 Bed Lockoff Platinum floating week just got the notice that $200 got taken in ROFR ...listed on Redweek for $200 every year contract, if another one lists that low, I may offer $500 to $750 to see if that passes.

 

[grupp]

Marriott Manor Club Sequel 2 Bed Lockoff Platinum floating week just got the notice that $200 got taken in ROFR ...listed on Redweek for $200 every year contract, if another one lists that low, I may offer $500 to $750 to see if that passes.

I had 2br Plat Lock-off pass at $500 in the fall of 2021, which included closing costs and free use of the 2021 week. So, maybe you may not be far off. I was able to trade the 2021 week for Ko Olina and leave on that trip in 2 days

 

[emoneybug]

I had 2br Plat Lock-off pass at $500 in the fall of 2021, which included closing costs and free use of the 2021 week. So, maybe you may not be far off. I was able to trade the 2021 week for Ko Olina and leave on that trip in 2 days

Wow that's a great deal you got! Redweek fees are high too as I had +550 + 120 + 99 so all in would have been around $969 for me ...do feel kind of bummed Marriott took it.

 

[jwalk03]

Marriott's Grande Vista, 2BR Platinum, $2000, passed ROFR.

 

[The Colorado Kid]

Marriott's Grande Vista, 2BR Platinum, $2000, passed ROFR.

Annual?

 

[jwalk03]

Annual?

Yes! I was surprised it passed and it only took 2 days for a response.

 

[MOXJO7282]

Maui Ocean Club Napili Towers 3BDRM 7th floor week 17 PASSED at $50k.

 

[wakesurfer]

Marriott Grand Chateau 2 BR Annual Platinum Failed ROFR at $2,021. Signed sales agreement on 10/25/22 and got the ROFR letter on 11/3/2022. Went through LT Transfers as a private transaction.

 

[wakesurfer]

Marriott Grande Vista 2 BR Annual Gold PASSED ROFR at $3,000. Sent to Marriott on 10/12/22 and got the ROFR letter on 10/27/2022. Purchased on eBay through broker.

 

[michael49]

Marriott Grand Chateau 2 BR Annual Platinum Failed ROFR at $2,021. Signed sales agreement on 10/25/22 and got the ROFR letter on 11/3/2022. Went through LT Transfers as a private transaction.

Be sure to add both of your items to ROFR.net

 

[Jpollo]

Two Marriott Waiohai Annual Ocean Views, each passed ROFR at $14,000. Went into Escrow on 10/20/2022, Marriott waived ROFR 10/28/2022. Not mine, but posting for my non-Tugger buddy.

Added to rofr.net.

 

[SocalIB]

Ko Olina Beach Club. EOY Odd $5500 passed ROFR

 

[frank808]

Ko Olina Beach Club. EOY Odd $5500 passed ROFR

Ocean view or island view?

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[wakesurfer]

Be sure to add both of your items to ROFR.net

Yes I did add them.

 

[SocalIB]

Ocean view or island view?

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Ocean View

 

[frank808]

Thanks

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[ecassidy6]

[Moderator Note: Post merged into ongoing Marriott ROFR thread.] <-- SueDonJ

We submitted final paperwork and assumed we were going to be owners of a two bedroom unit at Marriotts Manor Club in Fords Colony. We already own one unit at this resort. This morning we received notification from Redweek that Marriott had ‘exercised the right of first refusal‘ and was buying the unit back. Has anyone experienced this same issue?