Original Message:
Re: Resale Woes.... Orlando Sentinel Article Dec.17,2007 (by Eric F.):
Hi Orville,
Marriott does not exercise the ROFR very often. It is a benefit of ownership with Marriott to know that Marriott might buy the week from them. Would you be more worried before a pending sale closing if the buyer was a stranger or if the buyer was Marriott? What if you researched to find recent ROFR purchases and the sale price details (all sales are recorded with the government btw), then offered your week for more than you thought you would have gotten before knowing that the Marriott ROFR price would be higher?
The mere fact that Marriott will buy back weeks does help protect the value of Marriott Vacation Club weeks for the owners. Marriott is not pushing MVCI owners into selling their weeks. Do you really believe that Marriott wants to be in the resale business? Of course Marriott will turn a ROFR purchase into a profit if it can. As long as Marriott keeps using the profits to build beautiful new Marriott Vacation Clubs with those profits, it is a win-win for Marriott and the MVCI owners.
Hi Jayjay,
The value of MVCI ownership usually increases because of the 46 high demand locations and growing), high quality amenities, high quality service, Marriott’s commitment to expansion of MVCI, and the Marriott Rewards program. Do you really think you can find more “plush or luxurious than some of the other timeshare resorts out there and for far less money?”
If you would like to compare the “limited-service hotels” like the Marriott Courtyards to the Hilton Hampton Inns or other hotel companies like Quality Inn or Motel 6, perhaps a hotel comparison thread would be appropriate rather than putting that with comments about the Marriott Vacation Club quality. A Marriott Vacation Club is NOT comparable to a Courtyard hotel.
Marriott owners do benefit from the ROFR and separate Marriott resale for owners program.
Regards, Eric