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ROFR metric / Ongoing ROFR Activity

Discussion in 'Marriott Vacation Club' started by GregT, May 5, 2015.

  1. WahooWah

    WahooWah Guest

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    Marriott exercised ROFR on a 3BR Fixed week 48 unit 3206 in the Lahaina Tower at the Maui Ocean Club for $52,000.
     
  2. TXTortoise

    TXTortoise TUG Member

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    MOC Lahaina (x3)
    Vail Streamside Birch
    Looks like that is over $5/pt. The Marriott algorithm must add more value for Maui and 3BR.
     
    Last edited: Feb 14, 2019
  3. JIMinNC

    JIMinNC TUG Member

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    Marriott's Maui Ocean Club, Hawaii
    Marriott's Barony Beach Club, Hilton Head
    Marriott Destination Club Trust Points
    HGVC at Sea World
    My only reaction is WOW! And a week 48 at that. Not a super high demand week either - first week of December. Would never have thought they would have paid that.
     
  4. TXTortoise

    TXTortoise TUG Member

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    Vail Streamside Birch
    Unfortunately ROFR is starting actually set a high floor for more and more weeks.
     
  5. bazzap

    bazzap Tug Review Crew: Rookie TUG Member

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    I guess that may depend on whether you are buying or selling...?
     
  6. GregT

    GregT TUG Member TUG Member

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    Location:
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    Marriott: Maui Ocean Club Lahaina Villas (3BRx5), Ko Olina, Shadow Ridge II, Willow Ridge, DC Points HGVC: HHV Lagoon, Flamingo, Sea World, I-Drive, Starwood Bella (x4), SDO, Aulani, Worldmark
    That is amazing -- we've talked about the days when Marriott ROFRs the highest quality weeks, irrespective of price. This appears to be the situation -- I would think it will reverse when the economy softens, but that is stunning to see. Thanks for posting this.

    Best,

    Greg
     
  7. taterhed

    taterhed TUG Member

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    Marriott's Grande Vista
    Worldmark x2
    Well, I'm feeling pretty darn good about my WKORV OFD right about now.

    Never could get my mind around the cost of a 2 or 3 br MM1 OF
     
  8. Wahoo

    Wahoo TUG Member

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    Marriott exercised its ROFR on my attempted purchase of an OceanWatch Platinum-plus (July 4) ocean view week at $10k.
     
  9. TXTortoise

    TXTortoise TUG Member

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    Location:
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    MOC Lahaina (x3)
    Vail Streamside Birch
    So 3950 point value to Marriott equates to $2.53/point.

    Don't forget to post to ROFR.net.
     
  10. Wahoo

    Wahoo TUG Member

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    It was worth a try... I didn't realize how good I had it back 2017 when I first started buying MVC and had several slide through ROFR in the $0.80-$2/point range.
     
    m61376 likes this.
  11. chemteach

    chemteach TUG Member

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    Last year, I purchased a Timber Lodge ski week for $4200. Ski weeks there get 4325 DC points (but of course, it's not enrolled...) I was also able to purchase a 3 BR Grand Chateau for $3200 including current year's use. Those units get 4625 DC points (again, not enrolled...). Glad I purchased last year. (Some people say the Grand Chateau weeks are least likely to get ROFRed because so many weeks are already in the DC.) It surprises me that the Timber Lodge Summer weeks only get 3300 points, when the ski weeks get 4325 points. I thought Lake Tahoe was at least as busy during summer as during ski season... Would be cool if Marriott ever had a reasonable cost method for bringing weeks into the DC...
     
    taterhed likes this.
  12. Wahoo

    Wahoo TUG Member

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    Tried again, this time at $11k for another OceanWatch Platinum-plus (July 4) ocean view week. This time it was successful, Marriott just notified they are waiving their ROFR.

    In both instances, Marriott's ROFR response time was less than a week from the date I signed the contract.
     
    Theiggy likes this.
  13. GregT

    GregT TUG Member TUG Member

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    Marriott: Maui Ocean Club Lahaina Villas (3BRx5), Ko Olina, Shadow Ridge II, Willow Ridge, DC Points HGVC: HHV Lagoon, Flamingo, Sea World, I-Drive, Starwood Bella (x4), SDO, Aulani, Worldmark
    I'm glad this went through -- this is a high quality week and it's good to see that Marriott isn't buying all of them. Congrats and enjoy your week!

    Best,

    Greg
     
  14. Jo Jo

    Jo Jo TUG Member

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    Marriott Aruba Ocean Club - 1 Bdrm, Platinum Season

    Does anyone have any insights in regards to minimum $ threshold for ROFR waiving/passing for Marriott Aruba O/C, 1 bedroom, ocean view, platinum season?

    I am not seeing any recent updates in the ROFR DB for this property.

    Thx.
     
  15. jmhpsu93

    jmhpsu93 TUG Member

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    Marriott Grande Vista
    Crown Paradise Club
    Kick save and a beaut. :)

    Marriott exercised ROFR for 2 BR Gold Grande Vista @ $516 all-in, including 2019 usage.
     
  16. TXTortoise

    TXTortoise TUG Member

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    After Marriott took the Maui Napili 3BR OF November fixed week at $54K, I thought I’d throw this out as another data point:

    - Marriott Napili 3BR, fixed weeks 4-5, 5th floor I believe, listed at $55K each, $110K, buyer took both at around $120K to mitigate risk of ROFR.

    For comps on the beach, a Hyatt 2BR OF, floors 5-8, Fixed Week 5 or 6, just sold for $65K. The other is still available. :)
     
  17. TXTortoise

    TXTortoise TUG Member

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    Just a couple of updates, from mulitple broker discussions...

    Marriott Maui 2BR OF Floating Old Towers Passed at $25K last week
    Marriott Maui 2BR OF Fixed Week 34 Lahaina Tower passed at $34K last summer, after we started seeing Marriott spend more money on ROFR.

    The other Hyatt week mentioned above has also been sold. No price info, but given seller's situation, expect it was around $65K.
     
    Last edited: Mar 15, 2019 at 12:33 PM
  18. JIMinNC

    JIMinNC TUG Member

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    Marriott's Barony Beach Club, Hilton Head
    Marriott Destination Club Trust Points
    HGVC at Sea World
    Was this original towers or Lahaina/Napili villas?
     
  19. jmhpsu93

    jmhpsu93 TUG Member

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    Marriott Grande Vista 2BR lockoff gold season passed at $500.
     
    Vacation fun likes this.
  20. Vacation fun

    Vacation fun Guest

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    That’s great !!! Wondering if Marriott is slowing down on doing ROFR like they aggressively had been doing since they spent so much for the purchase of II, Hyatt and Weston just recently.
     
  21. jmhpsu93

    jmhpsu93 TUG Member

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    There's another entry in ROFR.net that Marriott exercised on MGV platinum 2BR annual @ $1975, so they're still awake over there. The gold season week I just bought doesn't hold the same value renting, trading, etc., but it works for our purposes.
     
  22. jmhpsu93

    jmhpsu93 TUG Member

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    And I'm not sure on how this one was presented to Marriott - I bought it for a dollar on eBay but I had to pay closing costs. The broker may have submitted it as $1.
     
  23. TXTortoise

    TXTortoise TUG Member

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    Sorry, edited to clarify. The float was the old towers and the fixed was in Lahaina.
     
  24. csodjd

    csodjd TUG Member

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    That makes sense. The old towers go for less than Napili/Lahaina. They exercised on me on Jan 10 at $29k in the new towers, 2BR OF float.
     
  25. TXTortoise

    TXTortoise TUG Member

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    Vail Streamside Birch
    I saw that, seemed to work out to right below $4/point..which would have been $29,900. I wonder how close that was.

    It's the $54K 3BR Lahaina ROFR at $54K that is skewing the curve. Was it a 3BR that was the kicker for them, as that was just over $5/point, or is there a Maui factor built-in to their decision. Seems like it would be a pure points decision on Marriott's part, though I guess percent of a resort's weeks in the Trust must also play into it. Wish we had a recent Lahaina/Napili 2BR sale in the 30s to see what happened.
     

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