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Seeking Feedback on Options for Ocean Pointe Week

bluesfan

TUG Member
Joined
Mar 4, 2008
Messages
44
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Location
St. Louis, MO
Background: We own 4 enrolled weeks (OP - 2BR OS Gold, OP - 2BR OS Silver, GO, and OW) + 6k trust points which provides us with Chairman status at 20,000 points. MF's for the 2 OP weeks now exceed point value (and rental value), causing us to re-evaluate continued OP ownership. We'd like to retain Chairman level in any planned actions.

Planned Approach: Deedback the Gold Week (less valuable of the two) to Marriott (if possible) or sell it (give away) on Redweek (existing resale postings start at $1,400). (We can't rid ourselves of both OP weeks without losing Chairman status.) Then, rent points in the future for additional/extended stays or purchase "hard to reserve" rentals on Redweek.

Question: Any red flags in our planned approach? Any creative ideas on what you might do differently?

Thanks in advance for your feedback!!
 
It should work. The MFs on OP are pretty high, but wasn't some of that an assessment that was baked into the fee to cover the remediation in Kingfish? Will that go away? The main thing you lose about going to rented/transferred points vs. elected points is flexibility. Transferred points are only good in the use year they come from and can't be banked. If you have to cancel a late year reservation made with transferred points, you could lose them.
 
It should work. The MFs on OP are pretty high, but wasn't some of that an assessment that was baked into the fee to cover the remediation in Kingfish? Will that go away? The main thing you lose about going to rented/transferred points vs. elected points is flexibility. Transferred points are only good in the use year they come from and can't be banked. If you have to cancel a late year reservation made with transferred points, you could lose them

Thanks, Dioxide! Yes, part of the increase was to cover Kingfish remediation. I "believe" there is still an additional fee component to cover structural inspections and replacement reserves per the updated Florida law... just unsure whether the MF's would actually go down in 2026? Anyone have a take on that? Thanks also for mentioning that transferred points can't be banked! Any thoughts from others?!
 
Background: We own 4 enrolled weeks (OP - 2BR OS Gold, OP - 2BR OS Silver, GO, and OW) + 6k trust points which provides us with Chairman status at 20,000 points. MF's for the 2 OP weeks now exceed point value (and rental value), causing us to re-evaluate continued OP ownership. We'd like to retain Chairman level in any planned actions.

Planned Approach: Deedback the Gold Week (less valuable of the two) to Marriott (if possible) or sell it (give away) on Redweek (existing resale postings start at $1,400). (We can't rid ourselves of both OP weeks without losing Chairman status.) Then, rent points in the future for additional/extended stays or purchase "hard to reserve" rentals on Redweek.

Question: Any red flags in our planned approach? Any creative ideas on what you might do differently?

Thanks in advance for your feedback!!
FWIW, we were recently told at an update our lowest value week didn’t qualify for “trade-in” or deed back to convert to trust points (not that we were interested) because the cost per point was $1 or higher. $1/point in MF’s is the cut off for MVC to accept a week back if we ever wanted to trade in a deed and for straight trust points.

Will this also carry over to straight deed backs? That I don’t know. It’s just something to keep in mind and report back if it is/is not and issue.

The other thing our salesman looked up was the number of Gold Shadow Ridge weeks sitting in inventory waiting to be sold. I believe at that time it was around 40 and they weren’t accepting anymore. Again, not something I was really interested in.

Of course it was a salesman. However, at that point we’d moved away from the sales presentation and more into future strategic moves as we head into retirement.
 
Thanks for your feedback, Doug! We were advised at a recent update that our OP week does qualify for their buyback program, but we'd probably just do a deedback without anything in return vs purchasing any points at a "discounted" rate.

What is the best sources of rental points? Any issues with reliability? Anyone have a reliable source with who they don't mind sharing contact info for?

Thanks!
 
Thanks, Dioxide! Yes, part of the increase was to cover Kingfish remediation. I "believe" there is still an additional fee component to cover structural inspections and replacement reserves per the updated Florida law... just unsure whether the MF's would actually go down in 2026? Anyone have a take on that? Thanks also for mentioning that transferred points can't be banked! Any thoughts from others?!

Personally I would not expect the fees to go down. Here is a paragraph from the recent newsletter.

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Aside from the increase in fees at Ocean Pointe I am amazed that this resort continues to attract and maintain a healthy ownership and occupancy. The resale values despite the fee increase have also maintained a good price point as well.

After the initial sticker shock from the Kingfish and mandated funding I was seriously considering bailing out as well. However I have been hanging in there.
 
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