Vistana Update from Marriott Insider

[dioxide45]

Just to clarify, does the 8/8 date mean mandatory resale owners lose their ability to trade in SOs? Or does it mean they will not be able to enroll for free in Abound?

We know for certain that any post 8/8 resale week (voluntary or mandatory) will not be able to enroll in Abound.

• Eligible Vacation Ownership Interests (“VOIs”):
  • Are those that are enrolled in VSN and were purchased from the Developer or through an authorized resale agent.
  • VOIs that were enrolled in VSN prior to August 9, 2022 that were purchased through an unauthorized resale agent or HOA resale offer will be given the opportunity to elect to receive Club Points and apply toward Owner benefit level.
• VOIs purchased through an unauthorized resale agent or HOA resale offer on or after August 9, 2022, and VOIs not enrolled in the VSN are not eligible.

 

[kozykritter]

So what document says that VSN needs to exist for mandatory resale owners to use it long term?

Just to clarify, does the 8/8 date mean mandatory resale owners lose their ability to trade in SOs? Or does it mean they will not be able to enroll for free in Abound?

I get confused with all the back and forth and speculation vs facts. It seems some facts exist in various documents Marriott has released but there are still issues of interpretation of what it means to Vistana owners.

Wouldn’t mandatory resale owners represent a small population? It seems like extra cost and logistics to keep VSN alive after Abound is launched.

The simplest way to think of it is the VSN will continue on as it always has. All ownership in the VSN will have StarOptions options that they will use to exchange internally at 8 months. Nothing in the overall operation of the Vistana system is changing. Mandatory resales done in the future will have access to the VSN along with StarOptions. All Vistana owners will continue to have the ability to exchange their ownership through II including those enrolled in the VSN.

Certain ownerships enrolled in the VSN will be eligible to exchange their ownership through Abound to access MVC directly.

 

[CPNY]

My question is question is what will happen with club dues if you own pre and post 8/8 resale units? I have resale weeks transferred to my Vistana account prior to 8/9 one of which that hasn’t been merged with my existing account due to Marriott’s incompetence, yes it’s a Marriott incompetence issue because they are just awful at many things. Anyway, aside from their awfulness, I also have a resale that was sent over to the incompetence department last week, post 8/9. Once I fight to have the,merge that ownership with my abound eligible ownerships, will I continue to pay one club dues or will I have multiple dues? Also, where did they come up with 8/9 and why are they so incompetent at merging ownerships into one account?

 

[dioxide45]

My question is question is what will happen with club dues if you own pre and post 8/8 resale units? I have resale weeks transferred to my Vistana account prior to 8/9 one of which that hasn’t been merged with my existing account due to Marriott’s incompetence, yes it’s a Marriott incompetence issue because they are just awful at many things. Anyway, aside from their awfulness, I also have a resale that was sent over to the incompetence department last week, post 8/9. Once I fight to have the,merge that ownership with my abound eligible ownerships, will I continue to pay one club dues or will I have multiple dues? Also, where did they come up with 8/9 and why are they so incompetent at merging ownerships into one account?

I suspect those post 8/9 weeks will work just like mandatory VOIs today. They will pay the lower VSN fee and pay the a la cart fees. I suspect if you have some weeks in Abound and some just still in boring old VSN, you will pay both the Club Fee and the VSN fee. These are all just guesses of course, we won't really know until they get things announced and they may still not provide an answer to this type of scenario.

 

[CPNY]

I suspect those post 8/9 weeks will work just like mandatory VOIs today. They will pay the lower VSN fee and pay the a la cart fees. I suspect if you have some weeks in Abound and some just still in boring old VSN, you will pay both the Club Fee and the VSN fee. These are all just guesses of course, we won't really know until they get things announced and they may still not provide an answer to this type of scenario.

This is what I’m afraid of…. Paying an additional 150 for one extra unit that’s not abound eligible. I wonder if they just do away with the VSN fee in favor of the club dues for all regardless of eligibility in abound. As my contact who has worked in SVV for 12 years who quit a few months ago to go work for Hilton said “Marriott is greedy and just an awful company to work for. They really messed things up at Vistana, most vistana employees left for a better company culture”. That really says a lot about MVW and not shocking to me in the least.

 

[timsi]

So what document says that VSN needs to exist for mandatory resale owners to use it long term?

Just to clarify, does the 8/8 date mean mandatory resale owners lose their ability to trade in SOs? Or does it mean they will not be able to enroll for free in Abound?

I get confused with all the back and forth and speculation vs facts. It seems some facts exist in various documents Marriott has released but there are still issues of interpretation of what it means to Vistana owners.

Wouldn’t mandatory resale owners represent a small population? It seems like extra cost and logistics to keep VSN alive after Abound is launched.

The deeds mention the CCR documents and the CCR documents mention that the membership will automatically transfer and be vested in the new Owner.

Killing VSN is not that easy, unless they want a big fight with the Vistana owners. There are certain VOIs that will trade well in Abound but many VSN owners will see their ownership devalued by 35% or MORE if they want to book the same resorts in Abound.

 

[JIMinNC]

So what document says that VSN needs to exist for mandatory resale owners to use it long term?

Just to clarify, does the 8/8 date mean mandatory resale owners lose their ability to trade in SOs? Or does it mean they will not be able to enroll for free in Abound?

I get confused with all the back and forth and speculation vs facts. It seems some facts exist in various documents Marriott has released but there are still issues of interpretation of what it means to Vistana owners.

Wouldn’t mandatory resale owners represent a small population? It seems like extra cost and logistics to keep VSN alive after Abound is launched.

Those answers will likely be found once some of the legal docs on the VSN side are revealed. I think there were some documents seen online by @dioxide45 and others earlier today. I think it's been discussed in the other long Abound thread in this forum. I think that thread also revealed the key date was 8/9/2022 not 8/8.

 

[timsi]

MISTERY SOLVED

I just got off the phone with an insider. 8/9 was chosen because on that date both the Vistana and the MVC websites functioned continuously for more than two hours. That day will not be forgotten!

 

[VacationForever]

MISTERY SOLVED

I just got off the phone with an insider. 8/9 was chosen because on that date both the Vistana and the MVC websites functioned continuously for more than two hours. That day will not be forgotten!

I think you just got a new gig as a stand-up comedian.

 

[Eric]

Seemed more than just them.

Maybe the “Insider” will send me a DM - I am willing to go up to $1000…

Are you listening “Insider”?
put up, or…

Sorry, tired of all the misinformation spread here and on FB groups.


Sent from my iPhone using Tapatalk

Good thing nobody took you up on your childish bet or you would have been out $1000 LOL

 

[DeniseM]

You can find the most current info here:

https://tugbbs.com/forums/threads/8...documents-please-limit-chitchat-posts.343203/