[Rumor] SVC merger with Interval results in end of converting SPG points for weeks

[SeaDoc]

Rumors abound regarding the status of those of us in the Starwood Vacation Club owners that we will no longer be able to convert our weeks into SPG points as they will cease once the Starwood Hotels are brought under the Marriott Hotel chain this summer.

I implore Interval to cease the acquisition until we know what the status of our ownership rights to convert our weeks into SPG points will be. If this option does terminate, we need to encourage Marriott Vacation Club to consider acquiring the Starwood Vacation Club so we can continue the rights we were afforded under the Marriott Vacation Club.

We need to unite and fight this acquisition until the facts are fully disclosed by Interval...

https://www.sec.gov/Archives/edgar/data/1434620/000104746915009234/a2226832zs-4.htm

 

[ValleyGirl]

What is your source?


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[VacationForever]

Rumor mongering...

 

[SeaDoc]

What is your source?


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http://www.iilg.com/phoenix.zhtml?c=223490&p=irol-newsArticle&ID=2123069

https://www.sec.gov/Archives/edgar/data/1434620/000104746915009234/a2226832zs-4.htm

 

[Ty1on]

http://www.iilg.com/phoenix.zhtml?c=223490&p=irol-newsArticle&ID=2123069

This source is about the merger, and says nothing of its affect on SVC.

 

[DavidnRobin]

http://www.iilg.com/phoenix.zhtml?c=223490&p=irol-newsArticle&ID=2123069

Your link goes to IILG website...

So... where does it state end of SO-SP conversion?
Weird, never knew rumors were part of corporate websites.

not that I care about SO-SP conversion - can't do it with SVO resales anyhow

 

[Ken555]

Rumor mongering...

Yup. But made me look! Just like effective marketing...


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[vistana101]

The SVO and ILG merger documents note the agreements in place to allow owners to continue to convert to points, as ILG views this option as an important sales tactic. So, I would think that ILG would terminate their agreement if Marriott would not allow this. May I ask where you heard these rumors?

 

[SMHarman]

https://www.sec.gov/Archives/edgar/data/1434620/000104746915009234/a2226832zs-4.htm

Speaks to the SPG affiliation agreement that has been drafted and revised. So this rumor is untrue and your source confirms that.

Now Marriott may merge SPG and Marriott points but that can't be discussed until the deal closes due to anti trust rules.

 

[capjak]

At the sales meeting here on Maui the Starwood sales people stated several times that the deal includes the use of star point conversion for 80 years and. Is renewable. We attended the Marriott owners presentation and of course Marriott sales stated "you should be careful with starpoints and use them ASAP blah, blah etc.....

 

[tschwa2]

It's the Marriott deal that may cause problems not the ILG deal. ILG who bought Hyatt vacation club has done nothing to stop the conversion of Hyatt hotel points using the vacation club. The deal with ILG includes the deal to continue the relationship with the starpoints program. On the other hand if Marriott discontinues the starpoint program or merges the rewards program with the Marriott hotel program who knows what that will mean.

The OP should be asking Starwood to stop the deal with Marriott, both as an SVN member and as a member of the Starwood hotel reward programs. There are certainly more starwood hotel reward members who will be affected than there are SVN members who are eligible and take advantage of the conversion of their VO's to SP's.

 

[DavidnRobin]

At the sales meeting here on Maui the Starwood sales people stated several times that the deal includes the use of star point conversion for 80 years and. Is renewable. We attended the Marriott owners presentation and of course Marriott sales stated "you should be careful with starpoints and use them ASAP blah, blah etc.....

So... are you basing this 'rumor' on what TS salespeople are saying?

 

[capjak]

So... are you basing this 'rumor' on what TS salespeople are saying?

oddly I believe the Starwood sales talk of continuing starpoint access etc over Marriott stating that it will not. Make sense to me. I go by if it does not make sense than its not true

 

[okwiater]

The deal with ILG includes the deal to continue the relationship with the starpoints program. On the other hand if Marriott discontinues the starpoint program or merges the rewards program with the Marriott hotel program who knows what that will mean.

Wrong. The 80-year agreement specifically includes other rewards programs which are intended to replace SPG/Starpoints.

 

[ValleyGirl]

In all likelihood the current program will not exist in 2 years. Best guess is there will be a shuffling of the points programs with different conversion factors.
As many have said - Buy where you don't mind going back to again and again


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[Helios]

Wrong. The 80-year agreement specifically includes other rewards programs which are intended to replace SPG/Starpoints.

This is my understanding based on sales people comments.

 

[YYJMSP]

Wrong. The 80-year agreement specifically includes other rewards programs which are intended to replace SPG/Starpoints.

I can't remember if I asked this already or not, but do you have access to that agreement, or something that excerpts from it?

 

[sjsharkie]

It's almost a given -- agreement or no agreement -- that some conversion program will exist with Marriott once SPG gets killed off.

The question is what the conversion rate will be. Marriott likely has wide latitude with respect to how to convert SOs to MRs at some point. Even if they keep the program per the terms of the agreement as was reported above, if the conversion rate to MRs is lousy, who cares?

I think there is a long runway ahead. Marriott will likely provide some amnesty period prior to sunset of SPG that will allow current conversion rates to continue -- they will likely announce the changes to the conversion rate prior to this amnesty period closing. This is how most points program mergers have occurred with consolidation within the airline carrier industry. Of course, YMMV.

I suspect one is better off waiting to see details after the merger is finalized and a path forward is announced with the points programs. There are several big hurdles to clear yet before the dust settles on all of the acquisitions that have been recently announced.

-ryan

 

[SMHarman]

Though the CEO interview was telling. The point of Mariott buying Starwoods secret sauce. SPG is a key ingredient in that sauce.

 

[Rsauer3473]

Other possible problems with Starwood merger

10. Dogs and cats living together.
9. Lower hot tub temperatures.
8. New logos featuring S & M design.
7. Tuesday to Tuesday 12 month reservations only.
6. Better chance of Trump winning presidency.
5. Ocean front reservations will no longer specify which ocean.
4. Cruise reservations will be allowed with StarOptions on a 3 for 4 ratio after initial cash deposit of $300-400 depending upon SW Status or Marriott common shares held prior to merger or oldest child's birthdate. Exceptions may apply.
3. Housekeeping changes will allow studio guests to use linens from 1-2 bedroom guests.
2. 5 minute inactive lounge chair use prior to sale of personal items on EBay.
1. Three words: water slide rash.

 

[SueDonJ]

The Marriott, Int'l CEO has already been quoted that after the merger of Starwood's hotel business to MI, the SPG loyalty program will continue in some fashion but they haven't yet worked out the exact details. There's no reason based on any of the statements/filings that have been released by Starwood, Vistana, ILG or Marriott to believe that the Starwood-soon-Vistana timeshares are losing the SPG exchange benefit. Although, it may be revamped to be more in line with MI's Marriott Rewards Program, in the same way that Marriott Vacations Worldwide continued the MR-related benefits for the Marriott timeshare owners when MVW was spun off of MI.

SeaDoc, have you suggested to your employer that MVW should acquire Vistana to protect those owners' usage rights? They might be interested in hearing what you have to say although I'd guess that when Starwood announced their timeshare business was on the block, MVW probably was a few steps ahead of you in considering whether they'd want to be a player.

 

[SMHarman]

Also why is nobody considering that you may be able to turn your StarOptions into Hyatt points?

 

[Helios]

Also why is nobody considering that you may be able to turn your StarOptions into Hyatt points?

Now we are talking.

 

[mj2vacation]

At the end of the day, it's in the interest of the hotel companies to keep selling the points to the ts management companies. Why? Money. Lots of it. That's why it's such a bad deal for the owner.

 

[Helios]

Also why is nobody considering that you may be able to turn your StarOptions into Hyatt points?

And, while they are at it, they should let SVN owners exchange into Hyatt TS.