Author
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Topic: Upgrade Silver week
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ArBravesFan TUG MemberPosts: 90 From: White Hall, AR, Marriott Ocean Point, Horizons by Marriott Branson, MO Registered: Jun 2004
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posted 05-09-2005 11:05
I own a silver week at Ocean Point. Does Marriott have a process where you can pay to upgrade from silver to gold or platinum?Any info from TUGers would be appreciated. Thanks! Mark IP: Logged |
floyddl TUG MemberPosts: 164 From: Raleigh, NC Registered: Nov 2004
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posted 05-09-2005 11:29
Yes, they have an equity upgrade progam which allows you to sell your existing week to them at 60% of current market price and purchase another week so long as there is at least 15K difference between the purchase price and and the amount they buy your week for. They seem to tweak this program constantly so you should contact a Rep to confirm the 60% and 15K are the current numbers. IP: Logged |
heislerj Non MemberPosts: 97 From: Wexford,PA, USA Registered: Apr 2004
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posted 05-09-2005 13:00
I do not believe that this is correct. I believe it is $15,000 over the current value or selling point of the resort you are selling. Therefore, if the silver week is going for $12,000, you would have to buy something that is at least $27,000.IP: Logged |
floyddl TUG MemberPosts: 164 From: Raleigh, NC Registered: Nov 2004
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posted 05-09-2005 13:49
You are correct it 15K difference in selling price of the two weeks. I would still check with Rep since this equity upgrade program seems to constantly change.IP: Logged |
Art TUG MemberPosts: 1039 From: Grand Island, NY Registered: Dec 2000
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posted 05-10-2005 16:06
To be even more specific, the $15,000 difference is based on the Marriott "list" prices for the weeks involved. However, your trade-in value is some fraction (60% ?) of the lower priced week so your net cost to up-grade is somewhere beyond $15,000. Art IP: Logged |
GrayFal TUG MemberPosts: 2411 From: The Hamptons, NY Registered: Aug 2001
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posted 05-11-2005 19:30
The most important part of the equation is whether Marriott wants your non-platinum week. At Fairway Villas, Marriott will only allow you to upgrade using a Platinum week. Many Gold and Silver weeks do not qualify for the upgrade program - be sure to check with Marriott to see if they are interested before you get your hopes up.------------------ Pat My Trips and Travel Website - Pictures and More... Marriott Grande Vista Owners Group IP: Logged |
Badman TUG MemberPosts: 30 From: Orlando,fl Registered: Apr 2005
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posted 05-12-2005 18:49
As of last December, the 15K minimum increase in list price when trading to a different resort was no longer applicable. The 15 K increase never applied to upgrades in your home resort. Also, they were accepting silver Ocean Pointe weeks as trades last December. However, as others have stated, Marriott constantly change the terms of the program and what they accept as an upgrade, so you do need to check with Marriott.IP: Logged |