Do any Marriott "MegaRenters" exist?

[Beachspace]

Beachspace, why would owning at Aruba be targeting NY/Bostoners?

I guess Non stop flights, gambling, etc appeal to them? check my thread, I wondered the same thing: (about 5 replies down you'll see the NYC thing)

http://tugbbs.com/forums/index.php?threads/what-is-the-fascination-with-aruba.258093/

 

[Slinger]

That is indeed interesting. Never would have known or guessed that tidbit of information.

 

[steve b]

That is indeed interesting. Never would have known or guessed that tidbit of information.

Slinger I am a Mega renter with many units . you can contact me privately if you wish

 

[Slinger]

Thanks for those that have reached out to me. I will return all the messages and calls today. Thanks again.

 

[Saintsfanfl]

One nice side perk in mega renting Marriott units is the mr points. 100 legacy week units at $1,567 per year using the SPG Amex is 940,000 Marriott Reward Points. That equates to 480,000 Delta or AA miles and 20 nights in a Cat 5.

 

[Slinger]

One nice side perk in mega renting Marriott units is the mr points. 100 legacy week units at $1,567 per year using the SPG Amex is 940,000 Marriott Reward Points. That equates to 480,000 Delta or AA miles and 20 nights in a Cat 5.

That sounds like some very nice travel for free. (Assuming you break even or profit on your mega renting actinvites)

 

[frank808]

I want to met the guy that has 100 marriott weeks! The most marriotts owned weeks i have seen is 52 weeks. These are mostly owners at grand residence. Imagine having to pay the maintenance fee. That would scare me every December.

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[Slinger]

I want to met the guy that has 100 weeks!

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Me too!

That actually sounds fun. Without even using a single week you can get free hotel nights and flights via rewards. (Plus some renters won't be MR members and you'd get those credits too).

 

[frank808]

Me too!

That actually sounds fun. Without even using a single week you can get free hotel nights and flights via rewards. (Plus some renters won't be MR members and you'd get those credits too).

I would just hate to try and find renters for those 100 weeks.

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[Slinger]

I would just hate to try and find renters for those 100 weeks.

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I've been a part time ticket broker for years. I always love to "flip/sell" stuff or find "buyers."

100 is nothing.

1000 might be a bit much for one person to handle however.

 

[Saintsfanfl]

I want to met the guy that has 100 weeks! The most i have seen is 52 weeks. These are mostly owners at grand residence. Imagine having to pay the maintenance fee. That would scare me every December.

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I have about 54 weeks with 7 of them non-Marriott but I only rent to fill the gaps. I prefer to resell but I am stuck with a massive maintenance fee at year end in between deals. Almost all of my weeks can be rented at break-even or better if needed so it really is only a cash management issue rather than a big liability.

 

[Slinger]

I have about 54 weeks with 7 of them non-Marriott but I only rent to fill the gaps. I prefer to resell but I am stuck with a massive maintenance fee at year end in between deals. Almost all of my weeks can be rented at break-even or better if needed so it really is only a cash management issue rather than a big liability.

I'm jealous of your ownership portfolio. Congrats!

 

[Saintsfanfl]

I'm jealous of your ownership portfolio. Congrats!

If you knew what they all were you would not be jealous

 

[frank808]

I have about 54 weeks with 7 of them non-Marriott but I only rent to fill the gaps. I prefer to resell but I am stuck with a massive maintenance fee at year end in between deals. Almost all of my weeks can be rented at break-even or better if needed so it really is only a cash management issue rather than a big liability.

Sorry meant 52 weeks owned with marriott. Edited my original post.

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[SnowDogDad]

Last year I met a retired couple sitting in the hot tub at the Marriott Mountain Valley Lodge. Seems like the wife told me they owned something like 30+ weeks but they used almost of those weeks themselves either through trades or booking at the home resort. They were spending a few weeks in Breckenridge and then going on to Vail and then on to Palm Springs. They had purchased most of their weeks on the resale market and did not own or convert to points. They spent about half of their year traveling.

I know a few owners at the Grand Residence Club in Tahoe that own between 26 weeks and 52 weeks, depending on how many fractions. Some convert to points, but others that either rent or occupy.

There are a few people out there that broker points for others, but I'm not sure there is anyone that has "millions" of DC points at their disposal.

 

[SnowDogDad]

I saw this is on Redweek. It mentions the owners association. So I don't know if that means the resort HOA has taken it upon themselves to try to enforce the "no commercial renting" clause.

I had heard rumor of this. I'm not sure if it truly went out to *one* owner or a lot of owners. The Marriott DC contract is a bit vague when it comes to what "commercial" activity. Is it one owner renting their unused weeks or points? Or someone managing millions of points and hundreds of weeks at a single resort? The DC contract allows points owners to transfer their points, but is fuzzy on what commercial activity is and where the threshold is.

The Grand Residence Club at Tahoe allows us to rent our weeks either through Marriott, a 3rd party, or directly if we prefer. (Renting direct through something like VRBO is something akin to work.)

My first thought was that it was one annoying owner that the local Association was irritated with. I have always figured that owners that rent their weeks or that rent their points are such a tiny, tiny share of Marriott's occupancy that it would not even come on their radar. And, it would certainly be good in that it brings more non-owners on to the property.

 

[Slinger]

If you knew what they all were you would not be jealous

Lol maybe not. But my imagination is wandering and the portfolio looks great form here!

 

[frank808]

Last year I met a retired couple sitting in the hot tub at the Marriott Mountain Valley Lodge. Seems like the wife told me they owned something like 30+ weeks but they used almost of those weeks themselves either through trades or booking at the home resort. They were spending a few weeks in Breckenridge and then going on to Vail and then on to Palm Springs. They had purchased most of their weeks on the resale market and did not own or convert to points. They spent about half of their year traveling.

I know a few owners at the Grand Residence Club in Tahoe that own between 26 weeks and 52 weeks, depending on how many fractions. Some convert to points, but others that either rent or occupy.

There are a few people out there that broker points for others, but I'm not sure there is anyone that has "millions" of DC points at their disposal.

So how is it living on the mainland us now?

I really doubt there is more than one or two people with 52 mvc weeks that have non fractional ownership. The maintenance fee is atrocious and if you have that kind of money you would probably just buy your own vacation home.

Been using your weeks lately at grand residence? I have been using tim to rent out about 10 of the prime ski and summer weeks and have been trading the rest woth II. Then prices of grand residence fractionals have certainly shot up with marriott using rofr pretty aggressively. I wanted to find a 1br in quarter 1 and 2. But with higher prices it isn't very attractive.



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[SunandFun83]

Slinger,

What do you hope to learn?