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ROFR metric / Ongoing ROFR Activity

SkyBornDancer said:
I'm not sure it would be enough to make a difference in the trust. Also, I believe sometimes the ROFR is sold to another MVC direct buyer. I say this because my first MVC purchase was a direct bundle of points and an enrolled Lahaina / Napili Villas 2B oceanfront. Looking at the contract it was pretty obviously a ROFR that they were then selling to me.
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How was your contract worded to make you think the week you bought in the bundle came from ROFR? In general terms, the bundle packages usually include a week that MVC is selling on behalf of another owner through the MVC resale department. In fact, a several years ago a Tugger noticed that Marriott took back a couple Maui in fixed unit/weeks through ROFR that this Tugger wanted to purchase. MVC would not sell them the weeks. They were worth more to sell as Trust Points.

A Maui Lahaina/Napili Villas 2B oceanfront is worth 7,475 points. If they dump that in the trust and sell them out at a discounted amount of around $12.50 per point then it is over $93,000 in point sales. Did they sell you that week as part of a bundle for more than that? I suspect it was much less.
 
Our Westin Oceanfront Center, new week not closed yet that I bought from a TUGger, did pass ROFR for $38K. LT Timeshares is handling the closing with no escrow. Sending a check directly to the TUG member.
 
rickandcindy23 said:
Our Westin Oceanfront Center, new week not closed yet that I bought from a TUGger, did pass ROFR for $38K. LT Timeshares is handling the closing with no escrow. Sending a check directly to the TUG member.
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You're sending $38,000 without escrow?
 
Fido Chuckwagon said:
You're sending $38,000 without escrow?
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When I last used LT Transfer (bought from a fellow Tugger), I used LTT's "soft escrow". I sent the the check, they held it for a while, and after things were transferred, they mailed the check to the Tugger. IIRC, I may have sent a Cashier's check.
 
BJRSanDiego said:
When I last used LT Transfer (bought from a fellow Tugger), I used LTT's "soft escrow". I sent the the check, they held it for a while, and after things were transferred, they mailed the check to the Tugger. IIRC, I may have sent a Cashier's check.
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How long ago was this?
 
What is the timeframe for Destination Points? Today or tomorrow will be day 30. I thought that I had to be notified within 30 days but since they run these on Tuesdays and I've not heard a word, I think that I am going to miss that 30 day mark.
 
funtime said:
Marriott just exercised ROFR on my platinum Marriott Summit Watch at 14,000K.
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I can see that if it was a good Ski week.
 
So in the searchable list I assume passed means they did not exercise their option.
Failed means they offered to buy back for the offer amount?
 
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DJmonkey said:
So in the searchable list I assume passed means they did not exercise their option.
Failed means they offered to buy back for the offer amount?
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Correct!
 
A 2BR Ocean Front Villa at Maui Ocean Club (Napili/Lahaina Tower) passed ROFR at $35,000 two weeks ago. Several were bought back at this price this year.
 
WahooWah said:
A 2BR Ocean Front Villa at Maui Ocean Club (Napili/Lahaina Tower) passed ROFR at $35,000 two weeks ago. Several were bought back at this price this year.
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Apparently it was $36-37K for a bit, so definitely in the 'will they take it' window. Still up from the norm of $32K pre-Covid. End of year budget constraints always possible.
 
TXTortoise said:
Apparently it was $36-37K for a bit, so definitely in the 'will they take it' window. Still up from the norm of $32K pre-Covid. End of year budget constraints always possible.
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They bought another back again for $35,000 just three weeks ago. So it is a moving target but they are still very aggressive with ROFR at the Maui Ocean Club.
 
Not too surprised…but they are getting aggressive.

Maui Lahaina Tower 2BR OF Week 7 - Passed at $70K

Maui Napili Tower 2BR OF Week 7 - Passed at $75K

Also learned Lahaina Tower 2BR OF Week 6 passed at $40k. Asking price was $37K, but that seemed risky, so buyer upped offer. Good move.
 
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