Original Message:
Re: Marriott Vacation Club "Destinations" - What I Like and What I've Done (by Charles S.):
dennish144 wrote:Dennish 144, I think you should come over to TUG and check it out. Lots of knowledge and experimentation there with how the points program works particularly in conjuntion with weeks. There is some experimentation going on right now with how inventory with legacy weeks and trust points works. It is really, really, cool because some of these guys really get into it. That's how I was able to get my reservation to Ko Olina for two weeks before a year and I only have one week. Very creative stuff there.Charles, could you tell me how TUG would know the ROFR activity? I know weeks are advertised there. Do they also have a closing service that would give them visibility into ROFR activity?
No, they don't have any special access to ROFR information. Some of them talk with various brokers to compare notes. Also, one of the TUGGERS has a database that people enter buybacks into. The can only put it in once an offer has been made. It shows if there is a resale or developer buyback offer. I looked at it and you can see from the reported information where Marriott exercised ROFR more starting in June 2013. I am posting below a post from that thread so you can see:
A little more data:
Activity from:
June 1, 2013 to August 10, 2013: 31 transactions reported, 13 ROFR'd -- (42% failure rate)
January 1, 2013 to May 31, 2013: 32 transactions reported, 9 ROFR'd -- (28% failure rate)
January 1, 2012 to Dec 31, 2012: 63 transactions reported, 9 ROFR'd -- (14% failure rate)
Three years 2009, 2010 and 2011: 262 transactions reported, 6 ROFR'd -- (2% failure rate)
Interesting stuff...