Trust Only owns at 11 resorts!

I'll try this one more time - it seems like the info keeps getting looked over. But the trust only owns at *11* resorts. They are the ones listed at the end of the disclosure document. And more recently at item 5 in their legal disclaimers https://www.my-vacationclub.com/legal/default.jsp up to date as of June 20th.

From talking with the online rep, they say that "all resorts are part of the point system except Europe yada yada yada." But they don't tell you that the only way they will HAVE a week for you, as a point user, is if a DEED OWNER GIVES IT UP!

If we don't join, they won't have anything. Well, except the stuff we put into II that they are perfectly allowed to take.

From Interval's Document - Club people to give up their week and non club people are the same to them and gives priority first come first served. They all go into the same "bucket".

9. II, therefore, in order to achieve its goal of providing the Club Program
Exchange Member or Individual Member with an exchange experience
comparable to that which the Week relinquished provides, assigns a
priority to each request based on the following factors:

(d) When the exchange request is received by II. The earlier of two
identical requests for the same vacation Week with identical
relinquishment will receive priority.

And from Marriott's page:

Where will the inventory come from to fulfill vacation reservations within the Marriott Vacation Club Collection?

Inventory throughout the Marriott Vacation Club Collection will be available for reservations for Enrolled Owners via other Marriott Vacation Club Owners who enroll their weeks and elect Vacation Club Points, and non-enrolled Owners who trade their usage for Marriott Rewards points or exchange their week through membership in Interval International.

Don't join, and don't trade interval. If you do either, the units will go to the points people first and probably only get into one of the 11 resorts currently listed in their disclosure.

banquopack said:

I'll try this one more time - it seems like the info keeps getting looked over. But the trust only owns at *11* resorts. They are the ones listed at the end of the disclosure document. And more recently at item 5 in their legal disclaimers https://www.my-vacationclub.com/legal/default.jsp up to date as of June 20th.

From talking with the online rep, they say that "all resorts are part of the point system except Europe yada yada yada." But they don't tell you that the only way they will HAVE a week for you, as a point user, is if a DEED OWNER GIVES IT UP!

If we don't join, they won't have anything. Well, except the stuff we put into II that they are perfectly allowed to take.

From Interval's Document - Club people to give up their week and non club people are the same to them and gives priority first come first served. They all go into the same "bucket".

9. II, therefore, in order to achieve its goal of providing the Club Program
Exchange Member or Individual Member with an exchange experience
comparable to that which the Week relinquished provides, assigns a
priority to each request based on the following factors:

(d) When the exchange request is received by II. The earlier of two
identical requests for the same vacation Week with identical
relinquishment will receive priority.

And from Marriott's page:

Where will the inventory come from to fulfill vacation reservations within the Marriott Vacation Club Collection?

Inventory throughout the Marriott Vacation Club Collection will be available for reservations for Enrolled Owners via other Marriott Vacation Club Owners who enroll their weeks and elect Vacation Club Points, and non-enrolled Owners who trade their usage for Marriott Rewards points or exchange their week through membership in Interval International.

Don't join, and don't trade interval. If you do either, the units will go to the points people first and probably only get into one of the 11 resorts currently listed in their disclosure.

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I'm not sure that is true ... see ME below it looks pretty inclusive

Maine

Marriott’s Aruba Ocean Club; Marriott’s Aruba Surf Club; Marriott’s Barony Beach Club; Marriott’s Crystal Shores; Marriott’s Cypress Harbour; Marriott’s Desert Springs Villas; Marriott’s Desert Springs Villas II; Marriott’s Frenchman’s Cove; Marriott’s Grand Chateau; Marriott’s Grande Ocean; Marriott’s Harbour Club; Marriott’s Harbour Lake; Marriott’s Heritage Club; Marriott’s Imperial Palm Villas; Marriott’s Kauai Beach Club; Marriott’s Ko Olina Beach Club; Marriott’s Lakeshore Reserve; ; Marriott’s Legends Edge; Marriott’s Manor Club at Ford’s Colony; Marriott’s Maui Ocean Club; Marriott’s Maui Sequel Lahaina Tower; Marriott’s Maui Sequel Napili Tower; Marriott’s Monarch at Sea Pines; Marriott’s MountainSide; Marriott’s Mountain Valley Lodge; Marriott’s Newport Coast Villas; Marriott’s Ocean Pointe; Marriott’s Oceana Palms; Marriott’s OceanWatch Villas; Marriott’s Royal Palms; Marriott’s Sabal Palms; Marriott’s St. Kitts Beach Club; Marriott’s Shadow Ridge; Marriott’s StreamSide; Marriott’s Summit Watch; Marriott’s Sunset Pointe; Marriott’s SurfWatch; Marriott’s Timber Lodge; Marriott’s Waiohai Beach Club are registered projects with the Maine Real Estate Commission The other projects referenced within this site are not an offer to Maine residents.

Look at the text in item 5 - Their 11 are marked with a 'T' in the points package, as noted in the legal stuff. All others marked with an 'E' and not owned by the trust.

The list at the end does not note owned/not owned.

I think you may be wanting to look at this document. The 11 are listed here, with numbers. Though Harbour Lake isn't on here, it isn't sold out, why wouldn't those have been transferred to the trust?

banquopack said:

Look at the text in item 5 - Their 11 are marked with a 'T' in the points package, as noted in the legal stuff. All others marked with an 'E' and not owned by the trust.

The list at the end does not note owned/not owned.

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Yes, I stand corrected. Sorry.

Is seems at least possible that whether a particular resort is "owned" by the trust, or marriott simply contracts with the trust to make marriott-owned inventory at a resort available to the trust, could just be a legal technicality due to compliance with some aspect of state law.

hipslo said:

Is seems at least possible that whether a particular resort is "owned" by the trust, or marriott simply contracts with the trust to make marriott-owned inventory at a resort available to the trust, could me nothing but a legal technicality due to compliance with some aspect of state law.

Click to expand...

I would go with this more if the rep I spoke with today hadn't spent so much time trying to find out the details.

The rep response was that a current DEED owner would have to join points and give up their week to make availability in low or not-listed properties.

banquopack said:

I would go with this more if the rep I spoke with today hadn't spent so much time trying to find out the details.

The rep response was that a current DEED owner would have to join points and give up their week to make availability in low or not-listed properties.

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Interesting. Not a single Hilton Head property. Grande Ocean might be the hottest property east of the Mississippi and it isn't in there. Not good.

First, please let me say how happy I am with all the info here on TUG regarding this new program. I know you have heard this a thousand times, but this was best $15 I have ever spent!

Now, hopefully some of you can tell me your thoughts on this. I own at OceanWatch. As you can see, there are still some units left the (I think the docs say 6-10 units). How do you think it will affect those of us who do not wish to join the new points program? Also, many owners at MOW use there weeks, so I have to wonder how many will actually join the new program.

We love OceanWatch and would probably be fine with going there each year because it is such a nice property and we can drive there. I will still keep my II membership for Getaways and trades. If, at some point, we are unable to trade via II, then I we would be happy to do an owner trade or join another company.

Thanks in advance for your responses.

Those numbers (1-5, etc) indicate units. There could be as many as 52 interests in each unit.

Sounds like Marriott is betting the farm that mucho owners will join the points system and bank them on a regular basis for others to use. Time will tell...

I think that's it exactly.

Marriott may have an idea of numbers to expect based on how owners traded with II in the past. But they don't understand that the II type banking of weeks of the past won't be there if we can't get the uptrades and additional weeks that have gone through in the past!

Agree--if we don't join, they won't have anything!

banquopack said:

I'll try this one more time - it seems like the info keeps getting looked over. But the trust only owns at *11* resorts. They are the ones listed at the end of the disclosure document. And more recently at item 5 in their legal disclaimers https://www.my-vacationclub.com/legal/default.jsp up to date as of June 20th.

From talking with the online rep, they say that "all resorts are part of the point system except Europe yada yada yada." But they don't tell you that the only way they will HAVE a week for you, as a point user, is if a DEED OWNER GIVES IT UP!

If we don't join, they won't have anything. Well, except the stuff we put into II that they are perfectly allowed to take.

Don't join, and don't trade interval. If you do either, the units will go to the points people first and probably only get into one of the 11 resorts currently listed in their disclosure.

Click to expand...

The other thing that keeps getting overlooked is that if you enroll, you agree to vote IN FAVOR OF MARRIOTT, especially on anything that has to do with the new points program. (See the terms and conditions for enrollment.) They seem to be especially concerned that some resorts will try to "opt out of the new points program.

If enough people start to enroll, what do you want to bet that we'll start seeing proposals at every resort to join the trust, or to set aside a certain number of units for the trust. Taken to the ultimate conclusion, they could eventually put forth a vote to convert all deeds to points! Any everyone who enrolled would have to vote for it!

AGAIN, IF WE DON'T JOIN, THEY WON'T HAVE ANYTHING!

windje2000 said:

AGAIN, IF WE DON'T JOIN, THEY WON'T HAVE ANYTHING!

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Yeah, but dont forget the legions of unwashed that dont know about TUG, dont know that they dont *have* to pay that II membership each year, and don't have a clue how to exchange anywhere.

For them, it will look like Mother Marriott is holding them close to her bosom and will make sure that everything is all right for them.

Are you telling me?

that under the new scheme, II is no longer a clearinghouse for trades among Marriott owners - that Marriott can snatch deposits from II (even thought those owners have not joined the points program) and use them to serve the points owners? Say it isn't so!

i totally agree with windje2000

DON'T JOIN AND THEY WONT HAVE ANYTHING.
USE ,RENT OR TRADE TO A RESORT OTHER THEN MARRIOTT

GaryDouglas said:

Sounds like Marriott is betting the farm that mucho owners will join the points system and bank them on a regular basis for others to use. Time will tell...

Click to expand...

There is no way Marriott thought many owners were going to like this. It was a calculated move that I'm sure they knew would piss off owners. It shows they are concerned about future profits and not current owners.

Not even the stupidest executive could have said " We'll assign home resort point values at less than owners need to make comparable trades, and owners are going to love it."

They knew what they were doing and didn't care.

MOXJO7282 said:

There is no way Marriott thought many owners were going to like this. It was a calculated move that I'm sure they knew would piss off owners. It shows they are concerned about future profits and not current owners.

Not even the stupidest executive could have said " We'll assign home resort point values at less than owners need to make comparable trades, and owners are going to love it."

They knew what they were doing and didn't care.

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The absurd thing is that if they set the points equitably there would be no need for internal trades you could just book what you want with points. Trades should only be required for outside of Marriott requests.

Clark said:

Yeah, but dont forget the legions of unwashed that dont know about TUG, dont know that they dont *have* to pay that II membership each year, and don't have a clue how to exchange anywhere.

For them, it will look like Mother Marriott is holding them close to her bosom and will make sure that everything is all right for them.

Click to expand...

I know a couple of those type of owners locally. Have no clue about TUG or really how to use their weeks to the full potential(ie still dithering in April about reserving a March week out in Phoenix and they wonder why they can never get the week they want ).

Unfortunately I think both of them will join the new program.

dioxide45 said:

Those numbers (1-5, etc) indicate units. There could be as many as 52 interests in each unit.

Click to expand...

We own Gold at Grande Vista. I'm a bit confused....how does this affect us? We are not planning on joining the points program because we stand to lose trading power based on the points assigned. However, any trading with II after this could just be a crap shoot as well!

A couple of lessons learned

A couple of lessons to take away from all of this.

One, the constant advice by many on TUG to buy only where you want to vacation most of the time turns out to be good advice. The people who constantly bombarded this site with questions about "the best trader at the lowest ownership cost" look to me to be really hurt by the new program. Hurt, no matter if they join the points program or stay with I.I. Their units either won't be worth enough points to get the good trades or they won't be able to get a decent selection on I.I. They will get the crumbs as flextime degenerates into a vehicle for trading down. When all this is realized there will be a rush to list with Ebay.

Two, it's clear that Marriott is acting in it's own interest. I don't know why they call this a club. It's doubtful that Marriott will build many new projects to better accommodate the new system and keep I.I. viable at the same time. They already have several resorts that are not built out. I'm sure those are hurting their bottom line.

It's also clear that they are only interested in new customers. Along with it it's obvious they're out to punish resale buyers. Several here have said that Marriott is not very smart in how they do business. Especially with the pricing of Crystal Shores and Lakeshore Reserve and other assorted blunders. Actually, I think they're pretty clever. The new points system proves it.

Just talked by phone to a Marriott customer service rep. I told her I had only purchased to use the flex-exchange though Interval International. She said nothing had changed, they were only adding another option. I inquired about inventory in II and she stated that there were 2 inventory pools. Points had one pool and weeks owners another. FYI

mikeemis said:

Just talked by phone to a Marriott customer service rep. I told her I had only purchased to use the flex-exchange though Interval International. She said nothing had changed, they were only adding another option. I inquired about inventory in II and she stated that there were 2 inventory pools. Points had one pool and weeks owners another. FYI

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If that's true - the point pool is very small. I can't imagine they would make it work without swiping some of those deposited deed weeks.

The only way I might believe in 'separate' pools is if Marriott was promulgating the points system through MARSHA or MVCI's IT. With functionality obviously at II and purportedly opaque, they can 'say' anything they want and that don't make it true. 30 years in business has taught me that. Two developer timeshare purchases has taught me that.

mikeemis said:

Just talked by phone to a Marriott customer service rep. I told her I had only purchased to use the flex-exchange though Interval International. She said nothing had changed, they were only adding another option. I inquired about inventory in II and she stated that there were 2 inventory pools. Points had one pool and weeks owners another. FYI

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I found, in writing, that yes, they are separate pools. But Marriott is free to use them both for their point program reservations.