LobsterHunter
TUG Member
- Joined
- Oct 17, 2012
- Messages
- 181
- Reaction score
- 30
- Points
- 239
- Location
- East Coast..for now
- Resorts Owned
- HRA, WMH, WDW, SDO, SMV, WLR, (WFlex-no more, sold)
Staying at WMH and went to the owner's update at Marriott Shadowridge. They offered us a148,100 Westin Flex for $67k with 296,200 SO as a "bonus", and they would retro in our 6 HRA resale properties. Looks like HRA should be in the system before too long, as they have already assigned abound points to them, our summer 2br L/O 95,700 units would be (if retro'd) worth 3,325 abound points and our 2br L/O 148,100 HRA units would be worth 4,525 abound points. Those points were listed on our print out of what we owned, so I know she wasn't making them up. I don't own WRF, but asked if that had been assigned abound points yet, and the answer was "no". I don't question the abound point assignment, but I do have a question on the buyback options they presented.
She told me that Marriott currently has 3 different exit/buyback options (HRA is not an option currently, but "it should be after it is actually in the Marriott system"):
1) Give the unit back and walk away.
2) Marriott will buy the unit and give you a minimal amount, and
3) Marriott will "list" your unit with your unit with their sales people, and when/if it sells they will give you 1/2 of the sales price, but this option could take 6 months or more.
My question is; I understand options 1 & 2 exist currently from their buyback/exit program. I have never heard of option 3. Is there a way to verify if option 3 really exists, or is this just another sales tactic/lie? Should I just call the Marriott exit phone number to verify if option 3 exists?
She told me that Marriott currently has 3 different exit/buyback options (HRA is not an option currently, but "it should be after it is actually in the Marriott system"):
1) Give the unit back and walk away.
2) Marriott will buy the unit and give you a minimal amount, and
3) Marriott will "list" your unit with your unit with their sales people, and when/if it sells they will give you 1/2 of the sales price, but this option could take 6 months or more.
My question is; I understand options 1 & 2 exist currently from their buyback/exit program. I have never heard of option 3. Is there a way to verify if option 3 really exists, or is this just another sales tactic/lie? Should I just call the Marriott exit phone number to verify if option 3 exists?