Lawlar
TUG Member
Those of us who bought directly from Marriott were sold on the idea that a deeded interest in a resort conveyed a special ownership interest in the resort that could be handed down for generations. My sales rep talked at length about how real estate appreciates over time. She emphasized that MOC would soon be sold out and Marriott would maintain a sales force at MOC that would act as a broker for owners who wanted to sell their units. Needless to say, the presentation was full of implications that we would be able to sell through Marriott at a profit.
Now the whole system has changed so the concept of a deed is going to seem like an anachronism to those who receive Marriott’s new sales pitch (“you don’t have to be limited to one resort with the old out-of-date deed system, out new points system gives you ownership rights in all of the properties – why limit yourself”).
So obviously Marriott isn’t going to be offering to help us sell our deeded unit, if and when we want to sell. They will have salespeople at MOC selling and promoting points, with no interest in the old system.
So those who own deeded interests are being abandoned. Why would anyone want to buy a deed from us when Marriott is telling them that it is better to buy points (points that will depreciate).
Which leaves me with a question: since this new program has a dramatic effect on each resort (supposedly owned by the timeshare owners), how come each resort wasn’t given the opportunity to vote on whether it wanted to participate in the new point program – or continue to have the resort operate as it was originally established.
And how come when I look at my original paperwork from Marriott, which describes who can reserve a week and under what priority (it only talks about unit owners and it only distinguishes between those who own one week vs. those who own multiple weeks), it doesn’t mention that Marriott can create an entirely new system, for its own benefit, and sell points that will give these new customers the right to reserve weeks at MOC, even though they have no direct ownership interest in MOC.
I already felt taken by Marriott (think MFs and the difficulty of reserving a desirable week), now I feel completely betrayed. Marriott is only interested in its own profits and it seems to believe that the best way to make the big profits is to treat is customers like suckers.
Now the whole system has changed so the concept of a deed is going to seem like an anachronism to those who receive Marriott’s new sales pitch (“you don’t have to be limited to one resort with the old out-of-date deed system, out new points system gives you ownership rights in all of the properties – why limit yourself”).
So obviously Marriott isn’t going to be offering to help us sell our deeded unit, if and when we want to sell. They will have salespeople at MOC selling and promoting points, with no interest in the old system.
So those who own deeded interests are being abandoned. Why would anyone want to buy a deed from us when Marriott is telling them that it is better to buy points (points that will depreciate).
Which leaves me with a question: since this new program has a dramatic effect on each resort (supposedly owned by the timeshare owners), how come each resort wasn’t given the opportunity to vote on whether it wanted to participate in the new point program – or continue to have the resort operate as it was originally established.
And how come when I look at my original paperwork from Marriott, which describes who can reserve a week and under what priority (it only talks about unit owners and it only distinguishes between those who own one week vs. those who own multiple weeks), it doesn’t mention that Marriott can create an entirely new system, for its own benefit, and sell points that will give these new customers the right to reserve weeks at MOC, even though they have no direct ownership interest in MOC.
I already felt taken by Marriott (think MFs and the difficulty of reserving a desirable week), now I feel completely betrayed. Marriott is only interested in its own profits and it seems to believe that the best way to make the big profits is to treat is customers like suckers.