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I'm New To Marriott Waiting For The Results of ROFR

Discussion in 'Marriott Vacation Club' started by Tokapeba, Feb 22, 2017.

  1. Tokapeba

    Tokapeba TUG Member

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    Location:
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    Resorts Owned:
    Marriott Mountainside, Worldmark, Ridge Tahoe
    I'm new to Marriott. Our offer was accepted for a Platinum week at Mountainside and we are waiting for the results of the ROFR. We plan to ski every year in January.

    I don't know much about the Marriott system except the 13 month and 12 month windows for reservations.

    We have a WorldMark that trades well, so we didn't buy it for trading, but what about bonus time?

    What is the "Encore Package"?

    Should I consider getting some points?

    My wife has a Marriott rewards account, does that help us?

    Do accounts come with II?
     
  2. catharsis

    catharsis TUG Member

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    Do you mind me asking at what price? (And please post your details at www.rofr.net and/or at the ROFR thread when you have a result either way)
    If you want to book in Jan outside of Sundance week it should be easy to manage.

    Encore: Encore package (or preview package) is a prepaid purchase of relatively off-season Marriott holidays. You commit to attending a Marriott presentation and get a discount as a result. You probably also purchase Marriott rewards points as part of the package. Long story short you do not want one.


    II : You will have to pay for an interval membership (unless you already have one).

    Marriott Rewards: Elite Qualifying Nights benefit - when staying at the timeshare for a week your partner will receive 7 nights elite qualifying credit if that is important.

    Marriott Rewards Points: sometimes offered as incentives by MVC
    You can also usually either get gifts, cash offers or Marriott points for attending an 'owner update' (timeshare sales pitch) while at your Marriott stay. In Mountainside last month we were offered MR points or 2 deer valley tickets for example.

    Destination Club (as opposed to Marriott Rewards) Points:
    I would probably advise against acquiring points as your 'new' week will not be able to be connected to any points you buy so there is no benefit from having the week when buying points retail (and IMHO few reasons to buy points retail)
    Perhaps some resale points might add flexibility for you.

    Check out the very useful FAQs on this forum related to weeks and points.
     
    Last edited: Feb 22, 2017
  3. Saintsfanfl

    Saintsfanfl TUG Member

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    A normal week purchase does not come with an II account. You have to contact II and open a personal account.
     
  4. BocaBoy

    BocaBoy TUG Member

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    Maybe yes, maybe no. These can be wonderful values or they can be just be paying a "fair" price for what you get. The can in the right circumstances be a good deal, and if you think you want to buy retail points (I am not recommending that), then an Encore package is basically "free" because the entire price of the Encore is deducted from the cost of the points you ultimately buy when you come back.
     
  5. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    SVV - Bella
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    I think Marriott offers Encore Packages as a loss leader. Meant to get you in the door and hope to make a sale. I would be willing to bet that their sales rate on Encore tours are higher than they are on non Encore tours. Mostly because of the "discount" you get when you buy when they put the value of the package toward the price of points.

    Marriott likely calculates out the total cost of the Encore Package, subtracts a few hundred from that and that is the price they sell them for. That few hundred dollar difference gets charged to the marketing costs that they have for every tour. All the components of the Encore Package, MR Points, Cruise, Enrollment, etc make up that overall cost. The way these are priced, they seem to definitively be selling them at a loss with the expectation of a sale. No different than the supermarket putting milk on sale.
     
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  6. catharsis

    catharsis TUG Member

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    I found encore great value in my own circumstances because the value of the waived enrolment fee for my pre 2010 weeks made it worthwhile. Otherwise while the price appears cheap compared to Marriott.com I found the capacity/availability restrictions extremely onerous and would have been unhappy had I paid the offered price for (just)what I received without the enrolment and MR point sweeteners.

    Sent from my Pixel XL using Tapatalk
     
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  7. JIMinNC

    JIMinNC TUG Member

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    Marriott Destination Club Points
    While the base Encore packages sometimes don't offer travel in peak season, the one Encore package we bought offered the option to pay, I believe, a $200 up-charge and travel in high season. We did that and used it to book a HHI Barony Oceanside unit in late June, 2014. It was a three or four night package as I recall. When we booked there were quite a few summer dates available. Not any date we wanted, of course, but we had no trouble finding days that worked for us.
     
  8. Tokapeba

    Tokapeba TUG Member

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    What didn't I ask that I should have? Am I eligible for bonus time at any Marriott? What does bonus time cost, how far out can you book it?

    Timber lodge is only a 3 hour drive (at 5 am on a Saturday), can I get bonus time there? Can I use the facilities at Timber lodge without staying the night?

    I don't know what I don't know. I want to take advantage of everything my ownership has to offer.

    I will post sales price and ROFR after the deal closes or doesn't.
     
  9. PearlCity

    PearlCity TUG Member

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    I don't think marriott has bonus time like worldmark or hgvc. At least to my knowledge when I was a Marriott resale weeks owner.

    Sent from my SM-G900V using Tapatalk
     
  10. catharsis

    catharsis TUG Member

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    No but interval international offers some options there. (Getaways & Accommodation Certificates)

    You also will become entitled to a (25℅?) discount off the full rack price on marriott.com

    Sent from my Pixel XL using Tapatalk
     
  11. catharsis

    catharsis TUG Member

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    In my case it was $700 to move to high season ( but you would also get an extra 25000 MR points) which I was entirely happy to pay. I could not find the times I wanted however.

    We were looking for ski weeks and I was offered 1 week in park city or a few in timber lodge and none in Vail for the entire ski season .... And this included calling back weekly to check availability for a period of several months at the 10 month inventory release period.

    As a result I now have an Encore which I must use by September and am struggling somewhat to use it.


    Sent from my Pixel XL using Tapatalk
     
  12. Tokapeba

    Tokapeba TUG Member

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    I passed the ROFR, but on www.ROFR.net one closed a week earlier for $2k less
     
  13. Saintsfanfl

    Saintsfanfl TUG Member

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    I don't really know what is passing these days except points. Fail reports can't really be trusted or at least some should have an asterisk. So-called brokers will lie and say something failed a week ago at a certain price just to try and motivate the buyer to move up in price. I just dealt with this a few days ago. A broker claiming a few units failed at x when I know the claimed scenario is extremely unlikely.
     
  14. Tokapeba

    Tokapeba TUG Member

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    I would say make your offer and if the seller accepts send it to Marriott. If the broker says it didn't pass ask for the letter. Call Marriott and check it out. Marriott will tell you if it's legit or not. If the broker is making it up he can loose his license.
     
  15. nitemaire

    nitemaire TUG Member

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    Location:
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    Marriott's Grand Château,
    The Colonies at Williamsburg (x2)
    My understanding is the discount applies only to MVC properties, not all Marriott properties. Hopefully other owners can verify/correct my understanding.

    Sent from my SAMSUNG-SM-N910A using Tapatalk
     
  16. MOXJO7282

    MOXJO7282 Tug Review Crew: Rookie TUG Member

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    My recommendation is always to consider buying a 2nd resale unit before you buy points. Buy a second MS and use the 13 month rule to get 2 prime ski weeks. Renting one should cover both maintenance fees and maybe put a few dollars in your pocket and you have a free vacation every year to use. I've been doing this with Maui and HHI Marriotts for some time now and i'm sure it will work with prime ski weeks also
     
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  17. disneymom1

    disneymom1 TUG Member

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    May I ask how many days it took Marriott from submission to approval? I heard Marriott lately has been taking 2 weeks for ROFR decisions.
     
  18. TheTimeTraveler

    TheTimeTraveler TUG Member

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    Every submission to Marriott may vary, but in the end they have to act within 30 days.


    .
     
  19. Tokapeba

    Tokapeba TUG Member

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    I think it was submitted on 2/22 and I got confirmation on 3/15. The document states that they reviewed the offer on 3/1, and that I have 4 months from that date to complete the transaction, but I didn't hear their response for another 2 weeks.
     
  20. mauitraveler

    mauitraveler TUG Member

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    As TheTimeTraveler mentioned, it varies, depending on several factors. However, when we purchased our 2 bdrm. annual unit at the Grand Chateau last summer, we were pleasantly surprised. Marriott responded in 2 days!!!
     
  21. Dave Ramos

    Dave Ramos Guest

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    Perhaps I'm a bit new, but not quite sure why ROFR fail is a bad thing -- doesn't it mean that the resort company (i.e. Marriott) will simply pay you what you were originally asking for?
     
  22. vacationtime1

    vacationtime1 TUG Member

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    You are correct from the seller's perspective; the seller gets the same amount of money, but from Marriott instead.

    It is a bad result from the perspective of the buyer. It hurts to search for, locate, and negotiate a good deal on a timeshare and then have it scooped up by the developer.
     
  23. dioxide45

    dioxide45 TUG Review Crew: Veteran TUG Member

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    SVV - Key West
    From what I have read is that Marriott is very slow in actually closing a ROFR deal, so a seller may be better to have a pass as they may actually get payment faster.
     
  24. nitemaire

    nitemaire TUG Member

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    The Colonies at Williamsburg (x2)
    It's neutral for the seller, good for DC points owners, and bad for weeks owners...one less potential exchange week.

    Sent from my SAMSUNG-SM-N910A using Tapatalk
     
  25. SueDonJ

    SueDonJ Moderator

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    That's the exchanger's perspective. Owners who are interested in someday selling their Weeks should be encouraged by ROFR thresholds being actively and consistently exercised because they somewhat prop up the resale market.
     

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