zerocylinders
TUG Member
We have a number of Hilton Grand Vacations timeshares, but haven't been happy with the limited range of geographies in HGVC so I am looking at Marriott. I have been through a sales presentation, but have some questions better suited to this group...
Looking at the charts, we need about 5,500 - 9,000 points to pay for a typical 8-10 day summer vacation at the properties that I looked at within MVC (mostly Caribbean, 3 bedroom units). It would seem that 7,000 points would be ideal since it would get us the benefits of Presidential level.
1) At the current promotional pricing, 7,000 points would cost about 85,000, with MFs around 4K per year. We would also get another 14K promo points one time. For comparison, if we book a comparable 3 bedroom unit and pay cash (at the Ritz for example) cost would be around $12,000 per for the same time period in the same 3 bedroom unit as our 7,000 points would buy. Comparing costs we have:
Cash rental: $10,000 - 12,000 per year
MV: Upfront cost of 85K, yearly maintenance of $4K (roughly)
Assuming that hotel / rental price increases stay roughly in line with MF increases, it would make sense to buy MV DC points if we owned for 10+ years, but less than that we are still better off paying cash each year. Agree? Am I missing anything in terms of hidden costs, difficulty of getting those nice Ritz units, etc.?
2) I am very confused on how the resale system works. I understand we would not get the benefits of Presidential status with resale (which might be important to us since some of the properties we looked at were only available to Presidential status or above). I also read in the sticky that if you purchase a resale DC deed, you have to pay each year to use the points? How does that work exactly? What is the cost to use those points that you own resale?
3) Anything else we should be considering?
Looking at the charts, we need about 5,500 - 9,000 points to pay for a typical 8-10 day summer vacation at the properties that I looked at within MVC (mostly Caribbean, 3 bedroom units). It would seem that 7,000 points would be ideal since it would get us the benefits of Presidential level.
1) At the current promotional pricing, 7,000 points would cost about 85,000, with MFs around 4K per year. We would also get another 14K promo points one time. For comparison, if we book a comparable 3 bedroom unit and pay cash (at the Ritz for example) cost would be around $12,000 per for the same time period in the same 3 bedroom unit as our 7,000 points would buy. Comparing costs we have:
Cash rental: $10,000 - 12,000 per year
MV: Upfront cost of 85K, yearly maintenance of $4K (roughly)
Assuming that hotel / rental price increases stay roughly in line with MF increases, it would make sense to buy MV DC points if we owned for 10+ years, but less than that we are still better off paying cash each year. Agree? Am I missing anything in terms of hidden costs, difficulty of getting those nice Ritz units, etc.?
2) I am very confused on how the resale system works. I understand we would not get the benefits of Presidential status with resale (which might be important to us since some of the properties we looked at were only available to Presidential status or above). I also read in the sticky that if you purchase a resale DC deed, you have to pay each year to use the points? How does that work exactly? What is the cost to use those points that you own resale?
3) Anything else we should be considering?