Superchief
TUG Member
The discussion in the Ocean Pointe MF thread raises the issue for me about the 10% MVC management fee, and what that money is used for. I was told when I bought my Marriott timeshares over the years that it was used to cover the corporate expenses that were not specific to the individual resort. This would include:
I thought the resort MF's only included the expenses associated with the individual resort. This includes the 'owner services' expense item, which I had believed was only for the onsite related expenses.
Recent discussions regarding MF's and Management fees indicate my assumptions were incorrect and I had previously been misinformed. As MVC continues to grow and ownership costs are getting out of control, I would like to understand where all our money goes.
- Corporate management
- licensing/goodwill expenses (Marriott Name)
- Overall operating costs of the MVC ownership services (customer service, website, etc)
I thought the resort MF's only included the expenses associated with the individual resort. This includes the 'owner services' expense item, which I had believed was only for the onsite related expenses.
Recent discussions regarding MF's and Management fees indicate my assumptions were incorrect and I had previously been misinformed. As MVC continues to grow and ownership costs are getting out of control, I would like to understand where all our money goes.