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Anyone bought the Las Vegas Timeshare? What did you get?

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Author	Topic: Anyone bought the Las Vegas Timeshare? What did you get?
lat TUG Member Posts: 113 From: new jersey Registered: Jun 2003	posted 07-16-2004 18:15 I am wondering if any tuggers here have bought this new timeshare and if you can share what you received. The 3-br looks like a good deal. Just curious. Thanks!!! IP: Logged
davemy TUG Member Posts: 55 From: n. tonawanda, n.y u.s.a Registered: May 2002	posted 07-16-2004 19:17 Just bought my second marriott property, did it before 7/1/2004.Bought a 2 bedroom for $19900. Got 150000 points and 80000 owner bonus points and i will get the 60000 marriott visa points. 290000 total points!!!! And its a lockoff property to boot.It will go nice with my plat. beachplace towers. I put 10% down and i don't have to pay for it in full till october 2005 because i'm from n.y. IP: Logged
Norseman1940 TUG Member Posts: 6 From: Heritage Club, Grand Chateau Registered: Jun 2004	posted 07-17-2004 12:04 We got exactly the same deal in Las Vegas as the previous post - $19,900 for a two bedroom with lockoff, 150,000 reward points for purchase plus 80,000 points for self-referral as a Marriott owner, and triple points for using a Marriott Rewards Visa Card for the purchase. Closing costs are pretty steep - 5% - but the total package looked decent to us since there won't be any resale market on this property for several years. One disappointment occurred in making this purchase (see below). Obviously the disappontment didn't keep us from buying another week from Marriott, but maybe someone else can learn from our experience. When I tried to trade the equity in one of my Heritage Club weeks (a blue week) to make the Las Vegas purchase, I was told by the sales rep that this wasn't possible. His explanation was that Marriott is building the Las Vegas property in partnership with another company so equity trades (Marriott to Marriott) would not be permitted. End of story? Not quite. Upon further investigation I learned that Marriott is NOT interested in accepting ANY equity trades involving anything other than a red week, even those that do not involve a partnership with another company. Why doesn't Marriott want my blue week in trade? If I'm willing to accept 60% of the current market price for my blue week and pay an additional amout (the minimum is $15,000 for an upgrade and typically costs quite a bit more) to buy another week from Marriott, why isn't Marriott willing to let me use my equity in an upgrade? My sales rep was sympathetic, but unyielding. This discovery seems to support what I have seen other TUGGERS say on this Bulletin Board about the low value developers attach to non-prime weeks. Why isn't the owner of a Marriott blue week entitled to the same opportunities for an upgrade as the owner of a red/platinum week? I know the answer revolves around corporate profits, but I honestly thought Marriott would give higher priority to customer satisfaction when I bought my first week from them in 1988. Has anyone else tried to "trade up" with Marriott using their equity in a blue week? IP: Logged
AMJ TUG Member Posts: 78 From: Silver Spring, Maryland Registered: Sep 2003	posted 07-17-2004 13:23 I was also told that my Cypress Harbour Sports week would not qualify for an equity trade for OceanWatch. We ended up purchasing a platinum week at OceanWatch anyway. IP: Logged
lat TUG Member Posts: 113 From: new jersey Registered: Jun 2003	posted 07-17-2004 18:30 I also have a beach place plat. What do you think the best weeks would be for trading purposes? Thanks IP: Logged
davemy TUG Member Posts: 55 From: n. tonawanda, n.y u.s.a Registered: May 2002	posted 07-18-2004 07:04 Any holiday week, easter,4th of july, air show week, were going march 19th,2005. It will be our second time. There is so much to do there, Just like las vegas!!!! IP: Logged
bogey21 TUG Member Posts: 1099 From: fort worth, texas usa Registered: Sep 2001	posted 07-18-2004 08:19 The week that includes the SuperBowl. FYI the 2005 SuperBowl is Sunday, February 6th. IP: Logged
Dave M Administrator TUG Member Posts: 6257 From: Boston, MA Registered: Dec 2000	posted 07-19-2004 06:45 I bought a 3BR, in part because the 3BR lockoff is a full 1BR unit, not a studio. Considering that the 3BR sleeps 12 (although rated at fewer by II), I can do some family get-togethers quite easily. Also, at the time I purchased, the 3BR was only $4,000 more than the 2BR. The 3BR price has already increased, even though sales just started about three months ago. Same Marriott rewards points package as above, plus trade-in of 2004 and 2005 use for 100K points each year, since first occupancy is not expected at least until October 2005. Total of 504,700 points. (Brian can relate!) IP: Logged
GrayFal TUG Member Posts: 2334 From: The Hamptons, NY Registered: Aug 2001	posted 07-19-2004 13:47 Way to go, Dave! I love the 2BR, 1BR split......enjoy!!! Your Pal (practically a "relative") Pat ------------------ Pat AVG & AEE Cancun-Feb�03 MPB Palm Beach-Sept'03 CDM & MAO Aruba-Nov'03 Las Vegas-April�04 RCB Cancun-May�04 IP: Logged
pwrshift TUG Member Posts: 2764 From: Toronto Registered: Dec 2000	posted 07-19-2004 16:04 Way to go Dave! Are you planning your points vacation to Paris, London or Rome (or all 3?). Is there a website with more info on the Vegas project, with floorplans, prices, etc? The owner's club gives marginal info. Half a million points caught my attention, for sure. Brian ------------------ Those who dream most, do most. IP: Logged
lat TUG Member Posts: 113 From: new jersey Registered: Jun 2003	posted 07-19-2004 17:12 Dave, I did the same thing. I will not have usage until 2006 and am debating if I should pay the MF of $1,050 or so for 2004 and 2005 to get the 200,000 pts. Is it a great deal? With over 500,000 pts, what is the best way to use these? I was told to use both flight and room combo, but just trying to get more ideas. Thanks IP: Logged
Dave M Administrator TUG Member Posts: 6257 From: Boston, MA Registered: Dec 2000	posted 07-19-2004 19:49 Brian - No web site with the info. But there are a some threads here with some very accurate info. http://www.tug1.net/tugbbs1/Forum19/HTML/004307.html http://www.tug1.net/tugbbs1/Forum19/HTML/004194.html http://www.tug1.net/tugbbs1/Forum19/HTML/004133.html Call Marriott telesales and they will send you a nice packet with all of the info. I really like my sales guy, but I'm not looking for a referral so take pot luck or call one of your contacts. If interested, I can e-mail you the detailed floor plans. (You need Microsoft Powerpoint to view them.) IP: Logged
Dave M Administrator TUG Member Posts: 6257 From: Boston, MA Registered: Dec 2000	posted 07-19-2004 20:00 lat - I don't want to hijack this thread with a points discussion. But I'll try to answer your questions. Further questions should probably be in a new thread. Is trading for points a great deal? I prefer using my timeshare, but that's not an option for 2004 and unless I wanted to use my week during the last few months of 2005, it's not an option for 2005. So I traded use for points, paying the fees. Check this Luv them points! thread for a good discussion of points usage. I think there is universal recognition that the travel packages (air + hotel) are by far the best value for use of points. IP: Logged
Dave M Administrator TUG Member Posts: 6257 From: Boston, MA Registered: Dec 2000	posted 07-23-2004 11:19 Still thinking of buying? For a good look at what's happening in Las Vegas these days (growth, entertainment, construction, change in emphasis, etc.), get a copy of the July 26 issue of Time magazine. There are several lengthy (for Time) articles that make it seem as though you can't miss by getting in on the action. Recognize that this is one point of view and you'll have some balance as you read. IP: Logged
purduealum91 TUG Member Posts: 193 From: North Aurora, IL Registered: Jan 2001	posted 07-23-2004 11:56 Dave, did I miss the boat in getting the best deal on a 2 or 3br? Is the premium for the 3br worth it? ------------------ Original Dikhololo poster. Owner of Dikhololo and Mt. Amanzi. IP: Logged
Dave M Administrator TUG Member Posts: 6257 From: Boston, MA Registered: Dec 2000	posted 07-23-2004 12:30 I think it's worth it. It's only about another $4,000-$5,000 for a complete 1BR unit lockoff versus the cost for a 2BR. IP: Logged
slyle01 Non Member Posts: 2 From: Chesterfield, MO Registered: Jul 2004	posted 07-23-2004 14:17 MVCI Direct Sales recently offered $18.9k to repurchase a 2br gold at Marbella (now selling at $25.9k). "It's the most significant Marriott-to-Marriott equity-upgrade offer in a long while". However, the deal includes a mandatory $40k total purchase i.e. at OceanWatch, so it's still out-of-pocket over $22k on the deal. Thinking of either selling it on TUG (about the same price but avoiding the extra MVCI commitment) or keeping it since it's a terrific 'trader'. NOTE: MVCI has apparently shortened it's 'seasons' (Plat. used to include most of the year) as well as raised prices 10-15% across the board, while reducing annual unit trading points by over 10% (only 85000 for a $20.7k 2br oceanside gold week at OceanWatch??? i.e. Custom House gives 120,000 for a ($21k) 1br plat. & 110,000 for a ($16.4k) 2br gold at Marbella (plus Marriott points now only trade at 1:3 for frequent flyer miles) IP: Logged

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