ask-redweek-marriott-buys-ilg-vistana-hyatt

Jeff, for some older owners, the bottom line issue is disposition. Do you think these consolidated behemoths will formulate programs to aid those who need to "get out?"

Terrible for Marriott Owners. Marriott has the best properties/locations ... all this will do is make it more difficult to get the resort/week/location within the resort that you want. Marriott just "bought" a huge list of customers to sell to, as their existing customer base has heard their sales pitch so many times already.

won't this cause legal problems for Marriott since certain representations were made at time of purchase which may now change under the new management.? Will this cause and exit for some owners..?

John

In the late 1990's, I purchased a Marritott Time Share out of my respect for the Marriott company's level of quality throughout the world. I must say that over the years, as Marriott Vacation Club's programs have expanded both geographically but also in its expansion of ownership of former competitors, I have seen my value for having entrusted in the MVCI constantly dwindle. My ability to get my choices for vacation locations has been greatly diminished, so much so, that in the last five years, I have not been able to use my "prime" weeks for exchange. I fear this new aquisition and expansion of Marriott's domination, will only create less options for owners, than more. From a publicity point of view, past expansions suggested with more new properties, owners have more options. However, in practice, my experience and that of many other MVCI owners I know, just the opposite has happened. When I purchased, I was told buying my location in "prime week" meant I had a property that would always be high demand and good for my trade ability. Nothing has been further from the reality. I fear the future based on this new announcement will only underscore what in retrospect, was a disappointing purchase. I hope that I am wrong!!!

I don't own a Marriott resort, but I love trading into their resorts. However, my resort (Star Island) has a deal with Wyndham and they are after me to switch (and PAY to do it) to a points system. When I purchased my resort it was considered a five star red week, now a pineapple symbol. But Marriott only uses points. I am concerned when I trade my unit, Interval/Marriott will convert my resort into a point basis and my unit will become devalued as a result. Since I have a deeded property, will I have a leg to stand on to retain my resort's trading status?

As a long term Marriott Platinum Elite, bringing in and blending lesser quality resorts into Marriott's program raises much concern for us. Many of these new resorts purchased are below MVCI standards. MVCI's members paid top $$$ to belong, it is not fair I could be competing with someone of a lesser quality membership to stay at one of my own Marriott properties.

I hate this. I so prefer the the Westin/Starwood brand over the Marriott. Everything is more expensive in the Marriott system. They don't keep their timeshares up to date.

I've read the remarks below. I know exactly what everyone is saying - and it is true. I've owned three timeshare brands comprising 6 weeks. Over 20 years ago I was able to use Interval and go to Hawaii, Aruba, California, etc. and I used a very low end timeshare. But, then as timeshare and II grew it became difficult to trade. Needless to say, I sold my lower end timeshares, and mainly stay within the Marriott and Hyatt timeshares. The Hyatt are deeded weeks so no Hassle. More of a problem with Marriott, and as an ocean front owner, more money - more difficult. Good luck to all of us going forward. Lets hope this new big company will remember their initial supporters.

Wondering where that leaves us folks who have a timeshare week in a resort (Star Island Resort and not a Wyndham Building) but converted to Interval Gold Points?

I'm looking to purchase a resale timeshare (points) through Wyndham. Why does Wyndham Resorts and Worldmark Wyndham use a difference point purchase system? Wyndham points start at 86k-1M+. Whereas Worldmark points contract/resale points listed are significantly less (6k-40k). Thanks.

Great comments. I've been a Hyatt owner for over 10yrs. Mainly staying at Hyatt resorts. Recently, Hyatt is trying to get owners of deeded weeks to sign an agreement to get into a points program. From what I gather, the new points program will only negatively effect me if a whole bunch of people sign up tomorrow, or if they succeed in getting alot of current owners to "pay again" to move their points into the new points program...to have higher "priority." Gut says, this won't happen any time soon and to stay put. But wondering how this has gone for others, who've gone through this already??

Any update on when the purchase will close?

I own 2 Marriott weeks and one Hyatt week. Both terrific locations. what can i expect? will Marriott honor the high trading (points) value of my Hyatt week?

Everyone should simply purchase into Westgate Resorts timeshare, particularly in Orlando. I mean Westgate is the pioneer of Timeshare.

I’m an owner of a condo in Kauai that is managed by Aston. While this is not a timeshare property we the owners are wondering what Marriott will do with this vacation rental property and how it will affect the 200 owners?

When they went to points it was touted as good for owners but in reality it was a win for Marriott and a loss for week owners. I don’t think this will be a win for owners either

Just found this site. I am a Sheraton/Vistana owner who just sat through a "Sales Presentation" at my home resort in Myrtle Beach, SC. The "angle" pitched to us was that we could keep things the way they are, and our current timeshare be a burden for our son when we die, or we could convert to the Marriott program, and have the option of a "walk away" when we want to. Marriott appears to have basically adopted the point values from Sheraton/Vistana. You cannot convert for free -- you must buy an updated contract. More options, but I can see that trading will probably become more difficult. There is a cost, and the maintenance fees will increase from roughly $950 to $1298 for a week in a two-bedroom. Still weighing things out.

I think it is typical of corporate raiding, the rich get richer. It skewered the SPG program which was much more generous and kind to its loyal consumers.

Marriott should dissolve itself!

how much will it cost to convert to be able to use --- is that even an "upgraded" option that is available or soon to be available now that Marriott bought out the Hyatt timeshare group (or at least my home property)

I just had a phone call from my home resort trying to set up an "appointment time" for some sales pitch from Marriott who bought Interval. I hadn't even realized that had happened or was in the process of happening. I told the guy absolutely no. I have a deeded week I bought off of E bay 15 yrs ago for a $1. $299 closing costs and annual dues of $800--prime floating week. For the past 15 years I have traded through Interval. I don't always get what I want, but for what I paid, what my annual dues cost, it has been a great value for me. I trade all over. I have become more savvy at using and trading. I use the week each year and occasionally pay the discounted rate for an extra week somewhere. Still a great value. My home resort was pushing to convert to points, I have refused because I was satisfied and savvy with my current situation. I feel for those who have spent big bucks on time shares and maybe still paying for their purchase. It really is a horrible investment and I don't believe is worth the value nor the hassle. This new chapter in timeshare and Marriott seems like an even bigger "money grab" and swindle to me. I can tell you I am not taking the bait.