Originally Posted by
jerseyfinn
Marylyn,
As an MVC owner you already know timeshare is about destination travel plain and simple. Marriott has a fantastic product, though it does carry a premium price. Still, it's flexible enough to meet any need and you can go developer or resale.
You're experienced enough to know that Marco Island is going to be a fantastic resort and that the resale market will be nil for a few years. As you say, you've got to pay the man if you want in now. Part of the TS paradigm is when you purchase. If you purchase straight from Marriott pre-construction or early in the life of a resort, you should be able to recover your purchase price if you allow enough years ( and usage ) to pass.
Barry
I hope I am at this point but I always am willing to learn something new.
Originally Posted by
jerseyfinn
Marylyn,
We ourselves own at Ocean Pointe, Playa Andaluza, and Marbella. We bit the bullet at Ocean Pointe (Plat) & Playa (Plat) because we wanted in early. We didn't get those amazing deals that pre-construction purchasers get, but we bought early enough to have already hit break even when/if we sell, even via Marriott. We pick up the Marbella Gold last year on a financing deal similar to yours, but in Europe we got about 6% for a 12 month loan, so we've got 6 payments to go and we're done ( earning MRP with each monthly payment, but no bonus points ). That Marbella week came with an EY point option and we'll either use it as a MRP ATM machine, or we'll use the week in the fall.
Do you think that exchanging your unit for points makes sense? I'm not sure. (Our contract admin guy says that the Marriott Rewards packages are a good buy) But Marriott sells their Reward Points don't they. I am not sure what they cost but from reading Tug sometimes it is cheaper to buy MRP than to pay maintenance fees which may be higher than the cost to buy the points. It is a different take on this and I would love your opinion.
Since our resort is not completed it came with the option of taking Reward Points in lieu of the two weeks we cannot occupy the unit. That option was over $2K. I asked if we could instead have two weeks of vacation at another Marriott (I'm thinking Spain or Hawaii) if we pay the $2K. They haven't said no yet but it's taking a long time to get a definitive answer.