Should I Buy a MVC

[Fasttr]

i am doing my research after going to an owner update where we are being told that there is coming a time in the near future where we will not be allowed to convert our star options to marriott club points UNLESS we own developer purchased club points in the amount of 1000. this is being told by our sales person who we have been dealing with for over 10 years and have built a portfolio which is perfect for us. we used a lot of $1 platinum weeks we retroed into vistana and add and traded etc. but, 16k all in for 1k points so that we will always be able to convert is questionable. we do not own any marriott club points only star options in the amount of about 400k. what say all of you, do you think Steve is telling us the future and we will not be allowed to trade SO for club points? he says resale won't get us in and only way in in the future is develper purchase. marriott spent way too much money for vistana and it is not paying off. they are trying to push people into buying from them by cutting off their ability to convert.

I say Steve's pants are on fire.

 

[vacationtime1]

i am doing my research after going to an owner update where we are being told that there is coming a time in the near future where we will not be allowed to convert our star options to marriott club points UNLESS we own developer purchased club points in the amount of 1000. this is being told by our sales person who we have been dealing with for over 10 years and have built a portfolio which is perfect for us. we used a lot of $1 platinum weeks we retroed into vistana and add and traded etc. but, 16k all in for 1k points so that we will always be able to convert is questionable. we do not own any marriott club points only star options in the amount of about 400k. what say all of you, do you think Steve is telling us the future and we will not be allowed to trade SO for club points? he says resale won't get us in and only way in in the future is develper purchase. marriott spent way too much money for vistana and it is not paying off. they are trying to push people into buying from them by cutting off their ability to convert.

Three thoughts:

1. Were Steve's lips moving when he told you that?
2. How much is Steve's commission on a $16K transaction?
3. What are you going to do with 1000 points?

 

[Hindsite]

i am doing my research after going to an owner update where we are being told that there is coming a time in the near future where we will not be allowed to convert our star options to marriott club points UNLESS we own developer purchased club points in the amount of 1000.

OK, so the whole reason they set the Sheraton and Westin access to Abound up so that it was auto-enrollment for developer purchased AND mandatory resale owners was that when they required MVC weeks owners to buy in to get access to the Destinations club (former name of Abound), the take-up rate was dreadful. It only got over 50% in recent years, having started in 2010, that embarrassed them in their investor briefings and what high performing Type A likes that . So they were not going that route again as they sold the costs of buying ILG on increased Sales and had to spritz up the club points product somehow.

The inventory that Abound holds permanently is on the poorer side, so they rely on owners of weeks and flex or home options to get better inventory in. If they were to take that approach, guess what would happen? Many owners would get on with using their ownership how they used to and Abound would be even shorter of inventory than it is now. Never say never, but they aren't actually that stupid...

 

[daviator]

i am doing my research after going to an owner update where we are being told that there is coming a time in the near future where we will not be allowed to convert our star options to marriott club points UNLESS we own developer purchased club points in the amount of 1000. this is being told by our sales person who we have been dealing with for over 10 years and have built a portfolio which is perfect for us. we used a lot of $1 platinum weeks we retroed into vistana and add and traded etc. but, 16k all in for 1k points so that we will always be able to convert is questionable. we do not own any marriott club points only star options in the amount of about 400k. what say all of you, do you think Steve is telling us the future and we will not be allowed to trade SO for club points? he says resale won't get us in and only way in in the future is develper purchase. marriott spent way too much money for vistana and it is not paying off. they are trying to push people into buying from them by cutting off their ability to convert.

You can’t convert StarOptions to Club Points. Nobody can, nor has anyone every been able to do this.

If you have an “enrolled” Vistana ownership, you CAN elect club points for your ownership (which might be a week, or it might be a points product like FlexOptions or HomeOptions) which is a choice you make on a year-by-year basis.

Electing club points does not require you to own MVC trust points, nor will it in the future. They are lying to you. If you can elect club points today, you will continue to be able to do so tomorrow. Don’t believe the lies.