Here's what the HOA presidents were told by Webinar June 16, 2010

pwrshift · Jun 26, 2010

Below is the official question and answer portion of the Webinar related to the new program. There are still too many uncertainties that likely will not be sorted out for a while.

The following is a list of questions and answers compiled from the webinar presented by Marriott Vacation Club International (MVCI) to the Presidents of MVCI's existing owners associations on Wednesday, June 16, 2010, regarding the Marriott Vacation Club Destinations™ Ownership Program and the Marriott Vacation Club Destinations Exchange Program.

I should point out that I don't present this to say I agree with the points program - in fact I haven't read all of this at this point, but it might be important to read what the Presidents of your HOA got to see and ask about the new program and the 'official' answers from Marriott, for what it's worth.

At this point, I am pretty sure that I will not be joining the program as I bought to use and to trade for points and haven't seen any reason for me to pay money that might interrupt that.

Brian

Association Governance
Q: How will the new points-based product affect the responsibilities of current association board members?
A: The Board of Directors at each existing MVC resort will continue to represent the interests of the owners of timeshare interests at the resort. To the extent the MVC Trust owns timeshare interests at the resort, the Trustee will be an owner with the same rights and obligations as other owners at the resort. However, the responsibilities of the Board of Directors will not change.

Enrolling in the Exchange Program
Q: What are the benefits to existing Owners for enrolling in the new Exchange Program?
A: Owners who enroll their MVC week(s) in the Marriott Vacation Club Destinations™ Exchange Program will have an additional usage option available to them. Each year in which they have usage of their enrolled week(s), they may elect to exchange their enrolled week(s) for Vacation Club Points. These Vacation Club Points may be used to reserve a wide variety of vacation experiences.
Q: Will there be transparent rules for priority for trades between MCVI properties?
A: Vacation Club Points received in exchange for enrolled weeks may be used in accordance with the rules set forth in the Marriott Vacation Club Destinations Exchange Program Exchange Procedures. This document is provided to all Enrolled Owners. In addition, your Vacation Ownership Advisor can assist you with understanding the many available use options such as banking and borrowing of Vacation Club Points.
Q: Can I enroll my weeks, then withdraw them the next year?
A: Each Enrollment Agreement provides an expiration date for the term of the enrollment. Enrolled Owners will have the option of electing to not renew their enrollment upon expiration of the enrollment term.
Q: What do I lose if I don't enroll in the Exchange Program?
A: Owners who enroll their MVC week(s) in the Marriott Vacation Club Destinations™ Exchange Program will have an additional usage option available to them. Each year in which they have usage of their enrolled week(s), they may elect to exchange their enrolled week(s) for Vacation Club Points. These Vacation Club Points may be used to reserve a wide variety of vacation experiences. Owners who do not enroll in the Exchange Program will continue to enjoy their current usage options, but will not be able to utilize Vacation Club Points for these new vacation experiences.
Q: If an Owner paid $35,000 for a week in Hawaii, how many Vacation Club Points would that work out to if the week was enrolled in the Exchange Program?
A: The number of Vacation Club Points that a week provides to an Enrolled Owner is determined by the location of the resort, size of the villa, season of occupancy, view type and many other factors. In addition, the number of Vacation Club Points received in exchange for an enrolled week may change periodically. Your Vacation Ownership Advisor can assist you in determining exactly how many Vacation Club Points are currently provided for your week in the Exchange Program.
Q: How will owners of Platinum Season weeks fit into the new product? Will those Platinum Season weeks be valued at more Vacation Club Points than a Gold Season or Silver Season week?
A: The number of Vacation Club Points that a week provides to an Enrolled Owner is determined by the location of the resort, size of the villa, season of occupancy, view type and many other factors. In addition, the number of Vacation Club Points received in exchange for an enrolled week may change periodically.
Q: If an Owner elects to enroll in the new Exchange Program, do they get an annual choice as to whether to still reserve their week as they do today, or exchange for Vacation Club Points?
A: Yes. Enrolled Owners continue to enjoy all usage options which they enjoyed prior to enrolling in the Exchange Program. In addition, they may elect to exchange their week(s) for Vacation Club Points in any year in which they have use rights for their enrolled week(s). Just as the decision to enroll in the Exchange Program is up to the Owner, the annual choice of how to use their week(s) is up to the Owner, even after enrollment.
Q: What are Marriott's expectations for enrollment in the Exchange Program by current Owners?
A: We would obviously love to have all current Owners enroll in the Exchange Program and/or purchase Beneficial Interests in the MVC Trust. However, we recognize that some Owners may be content with the vacation options provided by their current ownership, and that is perfectly acceptable.
Q: How will the Vacation Club Points value for enrolled weeks be determined?
A: The number of Vacation Club Points that a week provides to an Enrolled Owner is determined by the location of the resort, size of the villa, season of occupancy, view type and many other factors. The number of Vacation Club Points received in exchange for an enrolled week may change periodically.
Q: Who owns my week if I elect to enroll in the Exchange Program?
A: Owners who enroll in the Exchange Program continue to hold legal title to their enrolled week(s). The enrollment simply allows the Owner to enjoy an additional use option – the option to exchange their enrolled week(s) for Vacation Club Points.
Q: Are lock-off units valued the same as non-lock off units for purposes of the Exchange Program?
A: Owners who enroll in the Exchange Program have the option to exchange their week for Vacation Club Points in any year in which they have use rights for their enrolled week. However, an Enrolled Owner does not have the ability to enroll or elect to exchange only the lock-off portion of a unit.
Q: When will current Owners be able to determine how many Vacation Club Points they may receive for their week through the Exchange Program?
A: Current Owners may visit www.my-vacationclub.com to learn how many Vacation Club Points they may receive for their week(s) through the Exchange Program.

Impact on Current Weeks Owners
Q: Weeks can still be sold by Owners, outside of MVCI, correct?
A: Yes, subject to MVCI's right of first refusal.
Q: What happens if an Owner does not enroll in the Exchange Program or purchase Beneficial Interests in the MVC Trust?
A: Nothing. Existing Owners may continue using their week(s) just as they have in prior years.
Q: Will weekly trades within Marriott stay the same?
A: Owners who do not elect to enroll in the Exchange Program may continue to exchange through Interval International if they maintain an individual membership with Interval International. After enrollment, exchanges are handled through the Exchange Program.
Q: What happens to the 1-week legal title an existing Owner has?
A: Nothing. An Owner retains legal title to their week(s) regardless of whether they enroll in the Exchange Program or purchase Beneficial Interests in the MVC Trust.
Q: As a Weeks Owner, will I be able to continue to occupy my week at my home resort as before?
A: Yes. You should continue to reserve your occupancy in accordance with your resort's Reservation Procedures or Program Rules.
Q: Do current Owners still have the same priority queue for requesting reservations (e.g., 13 month reservations for consecutive or concurrent weeks)?
A: Yes. If your resort's current Reservation Procedures or Program Rules provide for an advance (e.g., 13 month) reservation window for multi-week Owners, this reservation priority remains in place.
Q: Will current Weeks Owners be able to completely change over to the points-based product?
A: Current Owners may participate in the points-based product by: (i) enrolling their existing week(s) in the Exchange Program; and/or (ii) purchasing Beneficial Interests in the MVC Trust. In either case, the Owner would retain legal title to their existing week(s) unless they sold their week(s).

Interval International ("II")
Q: If I wish to trade a Marriott Vacation Club week to occupy another Marriott Vacation Club week, do I go through Marriott instead of II?
A: Weeks Owners who have not enrolled in the Exchange Program may continue to exchange through II. Enrolled Owners desiring to exchange their enrolled Marriott Vacation Club week for another Marriott Vacation Club week may request an exchange through the Exchange Program.
Q: Will there be any change in the MVCI inventory available within II for exchange to other MVCI properties?
A: MVCI does not control the inventory that individual Owners may deposit with II, and therefore we cannot predict or guarantee the availability of inventory requested through II.
Q: Are weeks already deposited with II still there for Owners' use? May such weeks be traded for Vacation Club Points?
A: If a week has already been deposited for an exchange through II, the week remains within II's exchange system and is subject to II's exchange rules and procedures. The week could be enrolled in the Exchange Program but the Owner would not be allowed to trade the week for Vacation Club Points until the next use year.

(continued in next post)

pwrshift · Jun 26, 2010

(continued from above post)

Maintenance Fees
Q: How will resorts calculate the maintenance fees due from each Owner if Points Owners are going to be occupying some percentage of the weeks available?
A: The Board of Directors of each existing MVC resort will continue to review and approve the association's annual budget and maintenance fees based on the association's anticipated operating and reserve expenses. The MVC Trust will pay annual maintenance fees to the owners association for each timeshare interest owned by the MVC Trust. Any incremental operating expenses necessitated by the points-based product will be borne by the MVC Trust Owners Association and the Exchange Company.
Q: How exactly are existing owners associations held financially harmless? For example, if 2,000 current Owners elect to participate in the new points-based program, do they no longer pay maintenance fees to their existing owners association so the remaining Owners' maintenance fees are increased proportionately?
A: Any incremental operating expenses necessitated by the points-based product will be borne by the MVC Trust Owners Association and the Exchange Company, and will not negatively impact the budget of any existing owners association. Current Owners who elect to enroll in the Exchange Program and/or purchase Beneficial Interests in the MVC Trust will continue to pay maintenance fees to their current owners association(s).
Q: I know there is an additional expense item in the MVC Trust Owners Association budget for the incremental costs necessitated by a points-based product. Who pays this incremental fee?
A: All expenses in the annual budget of the MVC Trust Owners Association are payable by Points Owners who have purchased Beneficial Interests in the MVC Trust. All Points Owners are members of the MVC Trust Owners Association. Owners who enroll one or more weeks in the Exchange Program will pay annual Exchange Company Dues, but they will not pay any fees related to the annual budget of the MVC Trust Owners Association because they are not members of the MVC Trust Owners Association.
Q: Will current Weeks Owners still have to pay taxes and maintenance fees related to their existing timeshare interests? Does this answer change depending on whether they enroll in the new Exchange Program?
A: Yes, current Weeks Owners will continue to owe annual maintenance fees and property taxes related to their existing timeshare interests. An Owner's decision to enroll an existing week in the Exchange Program, or purchase Beneficial Interests in the MVC Trust, does not affect any financial obligations related to the Owner's existing week.

Marriott Rewards
Q: Will existing Marriott Rewards® points be converted into Vacation Club Points?
A: No. Marriott Rewards points currently in Owners' accounts will remain. Upon enrollment, some Owners who did not previously have the ability to trade their week(s) for Marriott Rewards points may gain the ability to trade their enrolled week(s) for Marriott Rewards points. Points Owners who own Beneficial Interests in the MVC Trust may trade a portion of their Vacation Club Points for Marriott Rewards points on an annual basis.

Pricing and Fee Structure
Q: What is the anticipated price for current MVC Owners to enroll in the Exchange Program? What about pricing for purchasing Beneficial Interests in the MVC Trust?
A: Please call (800) 307-7312 for current pricing information for enrollment in the Exchange Program and purchasing Beneficial Interests in the MVC Trust.
Q: Did you say there is a fee to enroll, even for current MVC Owners?
A: Yes, there is a fee to enroll in the Exchange Program. Please call (800) 307-7312 for current pricing information for enrollment in the Exchange Program and purchasing Beneficial Interests in the MVC Trust.
Q: Please expand the explanation on the simplified fee structure for the new points-based product.
A: Owners who enroll their week(s) with the Exchange Program will pay their existing resort maintenance fee plus one consolidated annual fee known as "Club Dues". Club Dues replaces many of the ala carte fees currently paid by Owners for things such as reservation changes and cancellations, lock-off units and Marriott Rewards® points trade. Points Owners who purchase Beneficial Interests in the MVC Trust will pay the same Club Dues amount as part of their annual MVC Trust Owners Association maintenance fee, and will enjoy the same freedom from many ala carte costs.
Reservations
Q: All my reservations are complete for 2011. Does the launch of the new points-based product impact those reservations?
A: No.
Q: What controls will be put into place to assure that the new points-based program gets the proper ratio of its time during the highest of peak seasons?
A: The reservation rules and priorities that owners of Marriott Vacation Club weeks enjoyed prior to introduction of the new points product have been maintained. The inventory that Points Owners have direct access to at any resort consists of weeks that are actually owned by the MVC Trust. Any other occupancy by Points Owners at a resort is of inventory that owners of weeks have elected to place into the new points Exchange Program.
Q: Is it true that points inventory can only be accessed 12 months out for single week and 13 months out for multiple week reservations?
A: Points Owners may request reservations following the processes set forth in the Reservation Procedures for Marriott Vacation Club Destinations. The call-in calendar generally provides that Points Owners may request 7-night reservations 12 months in advance of the desired check-in date. Points Owners with Premier or Premier Plus status, and other Points Owners who elect to pay a "points premium", may be able to request reservations 13 months prior to the desired check-in date.

Sales
Q: When will the new points-based product be rolled out to resorts in Europe and other international jurisdictions?
A: We have initiated a review of international markets, and we are hopeful that there will be a viable solution to integrate them with the Marriott Vacation Club Destinations program over time. Currently there is not enough information to establish a reliable timeline for integration. As information becomes available, we will communicate with Owners, Board members and other parties as appropriate.
Q: Did you say we can still buy individual weeks now and/or under the new program?
A: As a general rule Marriott Vacation Club will discontinue selling weeks-based ownership at our Marriott Vacation Club resorts throughout North America and the Caribbean. Due to some unique circumstances there will be a few limited exceptions that mostly relate to certain non-US real estate, current resale listings and international purchasers.
Using Vacation Club Points
Q: Can Vacation Club Points be accumulated to step up to more, better & longer stays?
A: Yes. While, Vacation Club Points expire at the end of each use year, Points Owners may bank Vacation Club Points into the following use year, and borrow Vacation Club Points from a future use year, in order to aggregate enough Vacation Club Points for a desired vacation.
Q: For how long can a Points Owner bank Vacation Club Points?
A: Vacation Club Points may only be banked for use in the immediately subsequent use year.
Q: How will Marriott reassure buyers that Vacation Club Points will not be devalued?
A: One Beneficial Interest in the MVC Trust will always equal 250 Vacation Club Points. For Owners who enroll in the Exchange Program, the number of Vacation Club Points received in exchange for an enrolled week may vary from year to year based on the location of the resort, size of the villa, season of occupancy, view type and many other factors. In addition, the number of Vacation Club Points required to reserve specific accommodations within the Exchange Program may change periodically based on market demand and other factors.

OTHER QUESTIONS
Q: This sounds quite like Hyatt's program. Is this what you are duplicating parts of?
A: Marriott's new points-based product is unique in many respects and was developed to provide increased flexibility and ease of use for our Owners. Certain aspects of the product are based upon input we have received from our current Owners, but we have not endeavored to specifically emulate any competitor's product.
Q: Are there any price breaks or other benefits for Board members with respect to the new Vacation Club Points product?
A: Special offers may be available from time to time, but none that are specifically directed to Board members. Please call (800) 307-7312 for more information on any special offers which may be available.
Q: How will MVC Trust come to own weeks in a given resort? Will this happen through the resale process?
A: Marriott Vacation Club has conveyed a large number of weeks that it owned to the MVC Trust. The Trustee of the MVC Trust is now the legal title holder of such weeks. Weeks which are reacquired by Marriott Vacation Club from time to time could also be conveyed to the MVC Trust.
Q: Does the Florida Club still have value?
A: Current Owners who are members of the Florida Club may continue to enjoy the benefits it provides, and we expect that it does hold value for such Owners. Some members of the Florida Club may decide to enroll in the Exchange Program and/or purchase Beneficial Interests in the MVC Trust, while others may determine to simply continue enjoying the benefits of the Florida Club as they always have.
Q: What about future COA foreclosed weeks? How will they be handled?
A: Existing owners associations should continue following current processes for maintenance fee delinquencies and foreclosures. The new points product does not affect these processes.
Q: With the Marriott Vacation Club Destinations™ Ownership Program, how can a Points Owner sell the Points that they own?
A: The Beneficial Interests in the MVC Trust are deeded real property interests, and they can be sold and transferred just like other real estate. Points Owners should carefully review the governing documents of the MVC Trust for certain limitations on transfer, such as MVCI's right of first refusal.

dioxide45 · Jun 27, 2010

I like this one:

Q: Are there any price breaks or other benefits for Board members with respect to the new Vacation Club Points product?

Why should board members get a break? They are owners just like the rest of us.

scrapngen · Jun 27, 2010

pwrshift said:
(continued from above post)

Q: How will Marriott reassure buyers that Vacation Club Points will not be devalued?
A: One Beneficial Interest in the MVC Trust will always equal 250 Vacation Club Points. For Owners who enroll in the Exchange Program, the number of Vacation Club Points received in exchange for an enrolled week may vary from year to year based on the location of the resort, size of the villa, season of occupancy, view type and many other factors. In addition, the number of Vacation Club Points required to reserve specific accommodations within the Exchange Program may change periodically based on market demand and other factors.[/COLOR]

QUOTE]

This is the part of this new program that makes me very leary of joining. Points received in the Exchange Program may vary from year to year???
Then how can you borrow from the next year? What if your week is devalued more than the amount you think you can borrow? Every year your point value can be redetermined by Marriott according to ....and many other factors. How vague is that? and what makes anyone think this won't always work in Marriott's favor?? If they want your week, they can manipulate the numbers the way they want. There doesn't seem to be any cap on how much these numbers can change year to year, so while you certainly don't have to convert to points in any given year, you'll still be paying those club dues regardless....

There are already signs of Marriott not evaluating weeks fairly w/regard to fixed weeks, views at the same resort, points lower than ANY given week in a season, etc. Why do people think Marriott will make it better as the program expands and time goes on?

scrapngen · Jun 27, 2010

Thanks so much for sharing this. It is interesting as it does give some clarity, and there are some things here that answer some of the questions people have been speculating about and should put some minds at ease over certain ways Marriott intends to handle things.

For example, it looks to me like Marriott is saying that additional costs that the program puts on the resorts (I'm thinking housekeeping/maint. due to shorter stays) will be covered by the trust (both by trust MF's and yearly club dues - not the owners of the particular resort. Assuming I am interpreting this correctly, than :cheer:

However, it also shows how some questions were really dodged by Marriott with non-answers.

DanCali · Jun 27, 2010

scrapngen said:
However, it also shows how some questions were really dodged by Marriott with non-answers.

like the inventory question?

DanCali · Jun 27, 2010

scrapngen said:
pwrshift said:

(continued from above post)

Q: How will Marriott reassure buyers that Vacation Club Points will not be devalued?
A: One Beneficial Interest in the MVC Trust will always equal 250 Vacation Club Points. For Owners who enroll in the Exchange Program, the number of Vacation Club Points received in exchange for an enrolled week may vary from year to year based on the location of the resort, size of the villa, season of occupancy, view type and many other factors. In addition, the number of Vacation Club Points required to reserve specific accommodations within the Exchange Program may change periodically based on market demand and other factors.[/COLOR]

QUOTE]

This is the part of this new program that makes me very leary of joining. Points received in the Exchange Program may vary from year to year???
Then how can you borrow from the next year? What if your week is devalued more than the amount you think you can borrow? Every year your point value can be redetermined by Marriott according to ....and many other factors. How vague is that? and what makes anyone think this won't always work in Marriott's favor?? If they want your week, they can manipulate the numbers the way they want. There doesn't seem to be any cap on how much these numbers can change year to year, so while you certainly don't have to convert to points in any given year, you'll still be paying those club dues regardless....

There are already signs of Marriott not evaluating weeks fairly w/regard to fixed weeks, views at the same resort, points lower than ANY given week in a season, etc. Why do people think Marriott will make it better as the program expands and time goes on?

Click to expand...

You can interpret this differently... If you join you get the samenumberofpoints every year base on what you agreed to. if you don't, you may get a better or worse offer next year... Does this interpretation also fit the language?

scrapngen · Jun 27, 2010

DanCali said:
scrapngen said:

You can interpret this differently... If you join you get the samenumberofpoints every year base on what you agreed to. if you don't, you may get a better or worse offer next year... Does this interpretation also fit the language?

Click to expand...

Maybe for you, but that interpretation does NOT fit the language as far as I can see. I am no lawyer, but I haven't seen or found specific language saying an owner gets the same number base for every year based on what it is at the time you join the club and that that never changes?? If this IS true, I'd like to know where that is quoted in which doc, as it is a very important part of the evaluation process.

I do know that this seems to be the general assumption made by TUGgers on the boards like you and others, but I haven't seen it in writing and I don't know why people keep saying this?

I am not trying to say I'm right and you/they are wrong, by any means!! I just wonder what it is based on? Is this is an assumption made based on other point systems or if it is specifically stated in the exchange documerts for Marriott program, and I missed that in a gazillion posts LOL?? Or is the assumption based on the fact that specific values are part of the deed for Marriott Points and can't be changed, so the rewards have definitely been devalued over the years by changing how many reward points it takes to reserve hotel days? I just don't get it.

What I HAVE seen in writing for the new program seems to say that all point numbers can and will be changed whenever deemed necessary.
Both allocated and for reservations. Maybe someone who has joined can chime in and see if the current allocated number of points is specified on the contract as a locked in figure?? I do understand that this meeting with HOA members is not the same as the actual documents and signed contract of the agreement an owner makes with this new Club. Actually, if the number allocated can change, some people might argue this is a good thing and Marriott will increase the numbers when necessary... (IMHO, that would be when pigs fly...)

scrapngen · Jun 27, 2010

DanCali said:
like the inventory question?

Yeah, some serious generic answers about inventory allocation..., they also dodged how Premier Plus owners can reserve individual nights at 13 months out!! I'm sure that would have caused further questions!

Still, it does give an interesting glimpse into their thought processes...

scrapngen · Jun 27, 2010

dioxide45 said:
I like this one:

Why should board members get a break? They are owners just like the rest of us.

Hey, you can't blame them for asking the question..doesn't everyone want to know how it affects them personally and if they get something special?:hysterical:

Wonder if there's a special discount if you're brunette?:rofl: :rofl: :rofl:

abdibile · Jun 27, 2010

That one is pretty cool

pwrshift said:
Q: How will Marriott reassure buyers that Vacation Club Points will not be devalued?
A: One Beneficial Interest in the MVC Trust will always equal 250 Vacation Club Points.

catharsis · Jun 27, 2010

abdibile said:
That one is pretty cool

yep - it was an elegant non-answer to the question about devaluing points - we promise never to *give* you more points. :clap:

Ehhh, Marriott :doh:

that isn't exactly what we're worried about based on prior experience with Marriott Rewards :wall:

pacheco18 · Jun 27, 2010

I am no lawyer, but I haven't seen or found specific language saying an owner gets the same number base for every year based on what it is at the time you join the club and that that never changes??

Well, I am a lawyer and it's not there! LOL
In fact, the language about adjusting the points periodically implies otherwise.

JimIg23 · Jun 27, 2010

I see them changing the amount of points given to owners per unit ever few years or so. It will depend on how many units they have in a particular resort in points and how many units are needed per demand. I really think now that is why NCV got so many less under platinum level. These trust has a lot of NCV weeks, they dont need ours. If they ROFR 5,000 MOC weeks in the next 3 years, based on point requests, they might not need MOC deeded owners to convert their points, so they point conversion will go down......

EducatedConsumer · Jun 27, 2010

dioxide45 said:
I like this one:

Why should board members get a break? They are owners just like the rest of us.

Actually, the Board Members are not "owners like the rest of us." They are owners who contribute endless hours to advance the betterment of the resort, having accepted that responsibility under the governance of the Home Owners Association (not a "Special Interest Group" like an Internet Forum).

I'm not sure the Board Members should receive a break. It's always cleaner when there's nothing of material value being shifted between an organization and its Governors. However, the Securities and Exchange Commission and Marriott's Business Policies may allow the Board Members to receive some incidental benefit(s), which if they did, might have to be disclosed.

But one potential reason would be because they contribute endless hours to the betterment of the resort and its owners, having accepted that role on the basis of there being no compensation, and Marriott may choose to extend them such a courtesy, again, under the aegis of the rules of the Securities and Exchange Commission and Marriott's Business Policies (which may specifically exclude any such relationship).

hipslo · Jun 27, 2010

Great non-answer to the inventory allocation question:

Q: What controls will be put into place to assure that the new points-based program gets the proper ratio of its time during the highest of peak seasons?

A: The reservation rules and priorities that owners of Marriott Vacation Club weeks enjoyed prior to introduction of the new points product have been maintained. The inventory that Points Owners have direct access to at any resort consists of weeks that are actually owned by the MVC Trust. Any other occupancy by Points Owners at a resort is of inventory that owners of weeks have elected to place into the new points Exchange Program

Though perhaps the implication of the phrase "the PROPER RATIO of its time DURING the peak seasons" is that the allocation will be done on a pro rata basis for each available check in day, based on total season weeks inventory and total season points inventory for each year. That would certainly be the reasonable/ neutral way to approach the issue.

JimIg23 · Jun 27, 2010

hipslo said:
Great non-answer to the inventory allocation question:

Q: What controls will be put into place to assure that the new points-based program gets the proper ratio of its time during the highest of peak seasons?

A: The reservation rules and priorities that owners of Marriott Vacation Club weeks enjoyed prior to introduction of the new points product have been maintained. The inventory that Points Owners have direct access to at any resort consists of weeks that are actually owned by the MVC Trust. Any other occupancy by Points Owners at a resort is of inventory that owners of weeks have elected to place into the new points Exchange Program

That is one of the biggest questions out there and has the biggest impact on many of us. I am assuming that if there are 5,000 "point" weeks available, they have every right to take prime weeks within a season as does 5,000 deeded weeks. Some have said the law of averages will still get us weeks, but that really does not console me. I will only really know next year when I try to reserve my summer NCV. The last two times I was able to secure a summer week calling at 9 am on the first try. If I cant get a summer week after the fifth week of calling, I guess I will have my answer....

KarenP · Jun 28, 2010

Q: Can I enroll my weeks, then withdraw them the next year?
A: Each Enrollment Agreement provides an expiration date for the term of the enrollment. Enrolled Owners will have the option of electing to not renew their enrollment upon expiration of the enrollment term.

Does this mean that the enrollment is for a fixed period that expires? And then we have to re-enroll at a new cost?

Here's what the HOA presidents were told by Webinar June 16, 2010

pwrshift

Tug Review Crew: Rookie

pwrshift

Tug Review Crew: Rookie

dioxide45

TUG Review Crew: Expert

scrapngen

scrapngen

DanCali

DanCali

scrapngen

scrapngen

scrapngen

abdibile

catharsis

pacheco18

JimIg23

EducatedConsumer

hipslo

JimIg23

KarenP

TUG Review Crew