Something new from an owners update…maybe

[dougp26364]

At least for today, but the I wouldn’t bet on it tomorrow. Marriott isn’t interested in doing an equity trade of a deeded week for trust points if the deeded weeks MF/point is greater than $1/point. Their advice to us was to buy 2,000 more points and dumpy/sell our week on the open market.
$34,000 to save $432/yr plus have 325 fewer points didn’t make financial sense to me, so we passed.
It’s still worth noting for those wanting to exit a more expensive MF/point deed that the cut off today was $1/point. And yes, I know an equity trade is foolish when a person can buy resale points, pay junk fees and still come out thousands of dollars ahead.

 

[dioxide45]

The bigger question, how much was the incentive to attend?

 

[dougp26364]

The bigger question, how much was the incentive to attend?

$350 or 40,000 points.
Even at $300 I can often resist, but $350 was too much to pass up. It helped that it was a pleasant presentation, mostly because there wasn’t a lot they could offer us and the salesman was experienced. I hate it when they stick us with a gung-ho newbie that doesn’t actually know the system

 

[Superchief]

$350 or 40,000 points.
Even at $300 I can often resist, but $350 was too much to pass up. It helped that it was a pleasant presentation, mostly because there wasn’t a lot they could offer us and the salesman was experienced. I hate it when they stick us with a gung-ho newbie that doesn’t actually know the system

Was this presentation at Crystal Shores? We had an experienced sales rep who was honest during our presentation. The sales manager was very helpful and knowledgeable. Her father was a long-time Marriott junkie like myself. She gave helpful information regarding what timeshares might have some resale value on the open market. They offered an equity trade for our weeks at their original price, but we would have to buy the same number of points in addition to 2000 extra at full price.

 

[rickandcindy23]

Which resort do you own that has high MF's? Is it Shadow Ridge they were saying to dump? At Westin Princeville in August, the guy told us we should enroll Shadow Ridge with a purchase. I thought it was 3,000 points to enroll, which is still under $1 per point, but not by much.

Shadow Ridge has become a ridiculous ownership for me, but it does still trade well.

 

[dougp26364]

Yes, it was at Crystal Shores

 

[dougp26364]

Which resort do you own that has high MF's? Is it Shadow Ridge they were saying to dump? At Westin Princeville in August, the guy told us we should enroll Shadow Ridge with a purchase. I thought it was 3,000 points to enroll, which is still under $1 per point, but not by much.

Shadow Ridge has become a ridiculous ownership for me, but it does still trade well.

They didn’t say Shadow Ridge was a dump. They said dump it (sell it) on the open market and but trust points to replace it and keep us above the Chairman’s level threshold.

When you divide the number of points for the Gold season deed we own by the MF and taxes, it translates to over $1/point. He also mentioned Marriott currently hold, I think, 169 of these deeds (might have been 196) that they’re attempting to resell. If we asked Marriott to sell it for us, it would be a long wait. Better to “dump it” on the open market and sell it for whatever we could get (essentially undercut Marriott’s pricing). He added it wouldn’t be allowed into the Abound points program, but a lot of the owners at Shadow Ridge own to use rather than own to trade.

So here’s the thing for me. Marriott doesn’t want to hold the bag on another Gold season Shadow Ridge week because the MF’s are approx 20 cents higher per point value than trust points. That’s true for 2025. They also have a chart that estimates future MF increase. My experience has been sales departments estimates often lean towards the worst case scenario rather than the best case scenario. They don’t close a sale telling you trust point MF’s might accelerate faster than my deeded week. I tend to ignore their forecasts.

So for this year Marriotts line to cross is 19 cents per point. At that cost difference they don’t want to do an equity trade of deeded week for trust points, or at least not for a deeded week they have an abundance of in their resale inventory. That’s approximately 23% higher than the cost of pure points. The ONLY way I’m ever going to buy again is if I feel I’m not getting the types of units we want (we prefer higher cost, better view category or larger sq footage accommodations) with the points we currently own. At that point it’s handy to know if we’ve hit that threshold of 23% above the cost of trust point MF’s.

I think if I ever thought about increasing my ownership and I didn’t want to go through the process of buying resale and then paying junk fees, I’d look at another bundle package. The only difference is I’d have specific resorts in mind for the deeded week and try to get something closer to the cost of the MF’s on the trust points.

 

[rickandcindy23]

Our weeks at Shadow Ridge are Platinum. The fees are pretty high and not really something I want to use as an "equity trade." I do want to sell them for what I paid. That is my plan.

 

[dougp26364]

Our weeks at Shadow Ridge are Platinum. The fees are pretty high and not really something I want to use as an "equity trade." I do want to sell them for what I paid. That is my plan.

Eventually I’ll likely try to do the same. Sell for what we paid. Right now it still work for us as that deed keeps us over the Chairman’s level and we make us of the Chairman’s benefits. For $432 difference, it’s not worth the hassle to try to sell, but trust points resale and then pay junk fees.