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Rumor from presentation????

T

tomgou

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My sister went on a weekend at Ocean Palms and attended a presentation on points. She was told that Marriott was in the process of taking over Hyatt
timeshares and would have more options with points. I told her what all you pros say that if the salesman's lips are moving he is lying!! She talked to him again this morning and asked him about Hyatt and he said that is what they are hearing????? Could this be possible????
 
Hyatt has fixed weeks and fixed unit you buy, does Marriott have that?


Also Hyatt has tons of Cash.

Hyatt is very smart in business they just leased out the Hyatt Casino in Lake Tahoe (casino Services)...Hyatt rents them the space for liek 1.5 million a year easy $$$ for Hyatt.

Maybe at Hyatt Maui it could become a Marriott timshare when they build it since the property is Marriott's

Sounds like a sales pitch too me.
 
tomgou said:
My sister went on a weekend at Ocean Palms and attended a presentation on points. She was told that Marriott was in the process of taking over Hyatt
timeshares and would have more options with points. I told her what all you pros say that if the salesman's lips are moving he is lying!! She talked to him again this morning and asked him about Hyatt and he said that is what they are hearing????? Could this be possible????
Click to expand...

I realize you're relating this 3rd hand, but it sounds sleazy. It is unethical for a Marriott salesman to seek advantage by either releasing confidential Marriott information, or by citing a rumor (about his own company, at that) as an important basis for purchase. You might suggest to your sister that she report this guy to his sales manager, so that maybe others won't have to deal with his BS.
 
I wouldn't be surprised if Marriott looked at the prospect. Hyatt would fit in well with Marriott as far as locations are concerned. Hyatt has 14 locations and Marriott doesn't have any in those locations except for Timber Lodge and Mountain Valley Lodge.

Hyatt's are equal or better in quality to MVCI properties. I'd love to see this happen but I don't see how they could ever combine the reservation systems. I think it's wishful thinking on the sales rep's part based on a rumor he might have overheard about MVCI's future plans. Then again it could be a big fib to get you to buy.
 
I think any merger would be a bad move for MVCI from a shareholders standpoint. It isn't like MVCI is sitting on hoards of cash. IMO they really have no business buying anyone. Getting bought is different.

They have their work cut out for them with their spinoff.

I think that many would agree, that of the big name luxury hotel timeshare companies, Marriott probably has the best network of locations.
 
jimf41 said:
I wouldn't be surprised if Marriott looked at the prospect. Hyatt would fit in well with Marriott as far as locations are concerned. Hyatt has 14 locations and Marriott doesn't have any in those locations except for Timber Lodge and Mountain Valley Lodge.

Hyatt's are equal or better in quality to MVCI properties. I'd love to see this happen but I don't see how they could ever combine the reservation systems. I think it's wishful thinking on the sales rep's part based on a rumor he might have overheard about MVCI's future plans. Then again it could be a big fib to get you to buy.
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Avon is only about 10 miles from Vail. That's pretty much the same location.
 
I think there would be some fairly complicated legal hoops to jump through for a pure purchase. Some sort of Marriott/Hyatt affiliation would make more sense and seems somewhat possible. But you never know - the timeshare business simply isn't as profitable as it once was. Hyatt may essentially be cutting bait the same way Marriott did when it spun off spinco.

As a Hyatt owner, I see both upside and downside. There would undoubtedly be a watering down of the Hyatt brand by such a merger, but there would also be a lot more direct trade availability and flexibility.
 
Pens_Fan said:
Avon is only about 10 miles from Vail. That's pretty much the same location.
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In some cases, this would be correct, but not in this case.

The Hyatt properties are in Beaver Creek base, not Avon center - big difference. They are both either directly slopeside or ski-in/ski-out to Beaver Creek, one of America's best ski resorts. Yes, Vail is 13 miles away, but both properties are oriented to different ski resorts. Again, big difference. Plus the Marriott Vail property is kinda third tier.
 
Heard the same rumor

I heard the exact same rumor at that location back in July. I think it's interesting in that Marriott and Hyatt are two similar brands with very little location overlap.
Maybe not a merger or takeover but a strategic alliance? I could see Marriott offering access to Hyatt resorts thru the points program. This could be a way of marriott to increase locations without building more resorts. Of coursre, they would use this as a way to sell more trust points. "You want to got to a hyatt resort?, well their only available with trust points."
I have been very frustrated with II in that I have never been able to trade into a Hyatt, esp in Key West. I have tried several times wih no success.
I'm at the point of considering a hyatt purchase to be able to gain access to that system.
Not sure how this would be viewed by hyatt owners? Is access to marriott resorts a difficult trade for hyatt owners? Not sure of that.
 
I own both Marriott and Hyatt. Hyatt has a very straightforward, fair point option with no skim. I would hate to see a Marriott takeover that changed that system. Hyatt also has the fixed week and unit that is different than Marriott. There is much that Marriott could learn from Hyatt in my opinion.
 
suzannesimon said:
I own both Marriott and Hyatt. Hyatt has a very straightforward, fair point option with no skim. I would hate to see a Marriott takeover that changed that system. Hyatt also has the fixed week and unit that is different than Marriott. There is much that Marriott could learn from Hyatt in my opinion.
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We looked into buying Hyatt a while back. Some very nice properties indeed. Big drawback for us is that with Hyatt you are not buying a deeded property - only a right to use for a period of 30 years I believe. Disney has a similar limitation that was a deal-breaker for me.

On the other hand, with timeshares becoming less appealing and plummeting in value, perhaps a 30 year commitment will seem too long for some folks ;-)
 
I believe there are only 4 right to use properties.
 
I've been wondering when we'd start to hear things from the sales staff about Marriott "absorbing" other systems because of the particular way they set up the DC. Isn't it possible that the DC Exchange Company can perform on its own as an exchange company the same way that II, RCI, etc do, if any of the other systems agree to an exchange affiliation with MVCI/Spinco?

If so I wouldn't expect it to happen until after Spinco has been made operational, if ever ... but I still am not surprised to hear vague rumblings from sales reps. Just take the rumblings for what they're worth - which like every other sales staff rumor is practically nothing until/unless an official statement is released.
 
As a Hyatt owner, I think something like this could be both good and bad. I would not mind Marriott preference when trading. However, right now Hyatts are rare, hard-to-get exchanges and that makes them a little more "valuable" as a trader. I'd hate to see any change that takes that away, or any hopelessly confusing system like Marriotts DC.

BTW, we own Hyatt and Disney, the RTU aspect of things has always appealed to me. I am not sure I want to own a hunk of an 80-year-old hotel! All my RTUs are similar to or exceed my expected lifespan, so how much different is that really than actually owning a chunk of lodging?

H
 
When Marriott announced the Marriott Vacation Club spinoff back in February 2011, Marriott's chief operating officer, Arne Sorenson, was quoted saying that the new company will be able to make deals with other hotel companies.

That said, I really don't think a Marriott salesman at Ocean Palms has inside knowledge of an unannounced acquisition of Hyatt's timeshare business by the Marriott spinoff company. And if, for some very odd reason, news of a Hyatt Vacation Club merger had been actually disclosed to the salesman ahead of an official announcement, he would not be free to talk about it.

Most likely, the salesman is just repeating a salesperson rumor that has its origin in Arne Sorenson's comment back in February.

I just wish the Marriott Vacation Club did a better job monitoring what their salespeople tell prospective buyers.
 
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There are a couple of right-to-use properties but the rest are deeded properties. We own deeded, fixed weeks at Sunset Harbor and Beach House.

Not sure how I feel about a merger or whatever might take place between the two. Could be good or bad. If it meant our Hyatt weeks could access the Marriott trust properties without having to buy trust points, that would be a definite plus in any type of merger, etc.

gblotter said:
We looked into buying Hyatt a while back. Some very nice properties indeed. Big drawback for us is that with Hyatt you are not buying a deeded property - only a right to use for a period of 30 years I believe. Disney has a similar limitation that was a deal-breaker for me.

On the other hand, with timeshares becoming less appealing and plummeting in value, perhaps a 30 year commitment will seem too long for some folks ;-)
Click to expand...
 
If Marriott Vacations Worldwide Corp. (the spinoff company) works with other hotel companies to build, sell, and/or operate timeshare resorts under brands other than Marriott, there's no reason to believe that those brands will be folded into the existing Marriott Vacation Club Destination Club points program.

The model here is Host Hotels & Resorts, Inc., another spin-off from Marriott. Host now "partners with premium brands such as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, Le Meridien®, The Luxury Collection®, Hyatt®, Fairmont®, Four Seasons®, Hilton®, Swissotel®, ibis®, Pullman® and Novotel® in the operation of properties in over 50 major markets worldwide." But the non-Marriott hotels are just that. They're not somehow now affiliated with Marriott International.
 
Werner Weiss said:
If Marriott Vacations Worldwide Corp. (the spinoff company) works with other hotel companies to build, sell, and/or operate timeshare resorts under brands other than Marriott, there's no reason to believe that those brands will be folded into the existing Marriott Vacation Club Destination Club points program.

The model here is Host Hotels & Resorts, Inc., another spin-off from Marriott. Host now "partners with premium brands such as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, Le Meridien®, The Luxury Collection®, Hyatt®, Fairmont®, Four Seasons®, Hilton®, Swissotel®, ibis®, Pullman® and Novotel® in the operation of properties in over 50 major markets worldwide." But the non-Marriott hotels are just that. They're not somehow now affiliated with Marriott International.
Click to expand...
Good point. I guess that would depend on whether there was any re-branding involved. Assuming no re-branding and it is just a management contract, I don't see how this would affect Marriott owners in any way (either positively or negatively).
 
Werner Weiss said:
If Marriott Vacations Worldwide Corp. (the spinoff company) works with other hotel companies to build, sell, and/or operate timeshare resorts under brands other than Marriott, there's no reason to believe that those brands will be folded into the existing Marriott Vacation Club Destination Club points program.

The model here is Host Hotels & Resorts, Inc., another spin-off from Marriott. Host now "partners with premium brands such as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, Le Meridien®, The Luxury Collection®, Hyatt®, Fairmont®, Four Seasons®, Hilton®, Swissotel®, ibis®, Pullman® and Novotel® in the operation of properties in over 50 major markets worldwide." But the non-Marriott hotels are just that. They're not somehow now affiliated with Marriott International.
Click to expand...

Good point, the model for Host management with non-Marriott-branded hotels could be adopted by MVWC. But I'm thinking of something different with the DC Exchange Company, based on the "Affiliate Program" as it's defined in the docs. It appears that the DC Exchange Company could exist as a stand-alone points-based exchange company. If that's the case, couldn't Hyatt, DVC, Starwood, etc all keep their own branding and management, but affiliate with the DC Exchange Company as a new option or in addition to whatever exchange system they use now? That's one of the reasons I've thought Marriott implemented the DC the way they did - with the Exchange Company as the facilitator for DC exchanges - because they can now theoretically manage their own exchange company and market it to the other systems.

Whatever could bring DVC back into the same exchange pool as Marriott would make me very happy. :D
 
I think that there's a better chance that Marriott Spinco manages the Hyatt resorts than actually purchasing anything.

I may be a little slow sometimes, but I think that it is actually the people (like us) that own the timeshares once all the intervals are sold. Because of this, the Host example isn't exactly the same, but similar.
 
sparty said:
It never left. Marriott RCI's in HHI still are in the same exchange pool.
Click to expand...

Yep, owners of those few Marriott timeshares that have dual affiliation with RCI and II sure are lucky. Sadly, mine don't. :(
 
Werner Weiss said:
...I just wish the Marriott Vacation Club did a better job monitoring what their salespeople tell prospective buyers.
Click to expand...

I'm not sure they want to know. At the end of their presentations, they always have a manager ('closer') ask you how things went. If they really cared, they'd send you a survey a week or so after your tour, when you've had time to digest what just happened, and provide your final comments. Not a stretch to think a lot would come back with, "... the salesperson told me this, but a quick search revealed this..."

II does surveys like this, also some restaurants do. Seems like a logical way to get genuine comments. Marriott already has a similar system in place for t/s stays (I got one for our MDS stay earlier in the summer), I'm sure not a lot of work to create a version for a presentation survey.

Jeff
 
JeffW said:
I'm not sure they want to know. At the end of their presentations, they always have a manager ('closer') ask you how things went. If they really cared, they'd send you a survey a week or so after your tour, when you've had time to digest what just happened, and provide your final comments. Not a stretch to think a lot would come back with, "... the salesperson told me this, but a quick search revealed this..."

II does surveys like this, also some restaurants do. Seems like a logical way to get genuine comments. Marriott already has a similar system in place for t/s stays (I got one for our MDS stay earlier in the summer), I'm sure not a lot of work to create a version for a presentation survey.

Jeff
Click to expand...


Marriott just sent us a letter asking us our feedback on the sales presentation we sat for at Oceanwatch last month. You can complete the survey on-line. I have yet to access it (you need to log in and provide a special pin that they provided to us in the letter), so I will update my post if people are interested once I take the survey. So FWIW, Marriott does have a presentation survey available.

Anita
 
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