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Should we convert Westin and Sheraton flex to MvC? Need to know asal

nativesun1979

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Went in for owner tour today. They are offering to buy back 2 sets of Westin Flex and 2 sets of Sheraton Flex and convert them all over to MVC. This would bump the MVC conversion by 560 MVCp.

To do this the cost would be 18k all in for 1000 MVC annually plus 2000 MVC one time bonus.

We would also get an assigned Marriott account manager to help us, which we do not currently have.

We are Chairman’s level due to numerous resale and retro on Vistana side prior to final merger.

They have paperwork drawn up that we have to sign tomorrow if we want to proceed.

Need to know asap pros and cons and if we should just pass and buy MVC on resale market.
 

rickandcindy23

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Wyndham Founder; Disney OKW & SSR; Marriott's Willow Ridge and Shadow Ridge,Grand Chateau; Val Chatelle; Hono Koa OF (3); SBR(LOTS), SDO a few; Grand Palms(selling); WKORV-OF ,Westin Desert Willow.
Don't do that! What are you thinking? I don't even understand what you are talking about. You are already Chairman's level and want to mess with it? Why do you want MVC, if you have Chairman's level? You already have MVC, if you are Chairman's level.

Anything the salespeople are doing "for you" is really to buy their new sports car. Do not fall for it. You won't even know what you have after you sign. This is crazy.
 

tschwa2

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So you would pay $18,000. How many additional Abound points would you have annually (not including the bonus) with the new purchase and the conversion and how much would your MF's be on your whole portfolio?

How many Abound points are you currently eligible for and how much is you MF's now and how many staroptions do you currently get if you don't convert to abound?
 

rickandcindy23

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An account manager to help you doesn't sound right, either.

How is any of this better for you?
 

VacationForever

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I don't even know what you are trying to do here, except that you are wondering to fork out $18K for a product which is no better than what you have? You are already at Chairman's Club level and you already have full access to to MVC properties via Abound. Why throw away good money? Account manager to help you? That is an outright lie.
 

CPNY

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Went in for owner tour today. They are offering to buy back 2 sets of Westin Flex and 2 sets of Sheraton Flex and convert them all over to MVC. This would bump the MVC conversion by 560 MVCp.

To do this the cost would be 18k all in for 1000 MVC annually plus 2000 MVC one time bonus.

We would also get an assigned Marriott account manager to help us, which we do not currently have.

We are Chairman’s level due to numerous resale and retro on Vistana side prior to final merger.

They have paperwork drawn up that we have to sign tomorrow if we want to proceed.

Need to know asap pros and cons and if we should just pass and buy MVC on resale market.
I would not do that but that's just me. You are already chairman level. don't buy more points unless you need more points
 

nativesun1979

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So you would pay $18,000. How many additional Abound points would you have annually (not including the bonus) with the new purchase and the conversion and how much would your MF's be on your whole portfolio?

How many Abound points are you currently eligible for and how much is you MF's now and how many staroptions do you currently get if you don't convert to abound?
It would be 1565 extra MVCP and our maintenance fee would go up 650 for the flex to MvC conversion for 565 points then 780 for the 1000 MVc we would be buying.

All in we currently have about 1.2M stations plus 4175 MVC already. We usually rent about half our points per year to cover our maintenance costs which are about 24K per year total.
 

rickandcindy23

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Sounds like you have all you need, and you are handling it all well. I don't really understand what you are going to accomplish.
 

kozykritter

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I look at it this way. If you keep your Sheraton and Westin Flex, you can access all the Abound properties AND all the inventory in the Vistana system both during your Flex priority period and during the eight month float. You can also use your home options in interval for free to exchange to any Vistana or Marriott property. If you convert all that ownership to MVC, you will only be able to book Vistana ownership inventory that makes it into Abound. You cannot use your Club points to access Vistana or Marriott properties in Interval nor will you have access to the Vistana inventory booking system. This is why I think that Vistana VSN-enrolled ownership is currently the best to get the fullest benefit out of this Vistana - Marriott affiliation.
 

LeslieDet

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Went in for owner tour today. They are offering to buy back 2 sets of Westin Flex and 2 sets of Sheraton Flex and convert them all over to MVC. This would bump the MVC conversion by 560 MVCp.

To do this the cost would be 18k all in for 1000 MVC annually plus 2000 MVC one time bonus.

We would also get an assigned Marriott account manager to help us, which we do not currently have.

We are Chairman’s level due to numerous resale and retro on Vistana side prior to final merger.

They have paperwork drawn up that we have to sign tomorrow if we want to proceed.

Need to know asap pros and cons and if we should just pass and buy MVC on resale market.
First of all, if all you are receiving is 1000 MVC Trust points, and you are paying $18k, no-one is buying back your 2 sets of Westin Flex and 2 sets of Sheraton Flex. You would still own those Flex branded options, but you would be able to enroll them in the Abound program. I'm assuming you purchased the Flex Options resale, and that is why you need to qualify them to be able to elect Club Points with them. If you bought those Flex Options from Vistana originally, then those Flex contracts are already able to elect Club Points, so basically, you are paying to add 1000 MVC Trust points to your ownership portfolio.

Since you are already Chairman level, do you really want to own more timeshares? If all you would own on the MVC side would be 1000 Club Points, that is going to be so disappointing, and it will mean that each year you will need to elect Club Points for some of your Westin and/or Sheraton VOI contracts just to be able to use those 1000 points.

If you purchase MVC on the resale market, for the MVC Trust points, you will probably pay $4-$5/point plus the $3/point activation fee. But of course, there won't be any bonus points nor will that qualify any VSN resale that you may own. If you buy a MVC week resale, then that doesn't count towards any owner level and isn't enrolled.

If those four total Flex contracts are all resales, then buying 1000 MVC Trust points may be the cheapest way to enroll them, but are you sure you even want that?
 

Dean

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This is nut. It's like sitting in the car dealers F&I office paying $15K for ad ons to a new automobile. Your fees will go up and you'll get little to show for it. Account manager is smoke and mirrors, MVC doesn't do that. That sales rep will be gone in a year and in the interim he has no more access to make reservations than your or I, actually less if he's trying to do this for several people.
 

dioxide45

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I don't know why this is even something that would need to be taken into consideration?
 

DeniseM

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No - They are just looking to take more of your hard earned money!
 
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