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Marriott Vacation Club Owners get elite status post Merger
Owners of Marriott Vacation Club timeshares have started to receive emails explaining what’s next for them. I honestly think the merger has created more value for owning Marriott timeshares and especially those who participate in Club Points. What is specifically detailed in the email is how Marriott Vacation Club Owners get elite status post Merger.
In case you are unfamiliar with Marriott Vacation Club
Marriott has sold timeshares for a long time. The old style of selling a timeshare whereby you’d own a deeded week and trade to visit other properties if you wished to go somewhere else has changed. The new style of selling timeshares revolves around deeded Club Trust Points. Club Trust points are a flexible currency and you don’t technically own any specific week at any specific property. Rather you own an interest in the collective…somewhat akin to an REIT. You can use the points then for tours, hotels, and other Marriott Vacation Club properties. The new program still provides a pathway to trading within the Interval program as well. Club points also can be transferred into Marriott Rewards at a ratio of 1:32. Club Points are then given status based on the total amount of points that you own.
There are 5 levels of Status within Marriott Vacation Club Trust
A rough estimate is that Club points currently are valued somewhere around $11 per point. Marriott introduced these Club Points are few years ago and the rate was closer to $8. Club Points increase in value every year and give the owner a better idea of what your investment can be expected to return in appreciation going forward.
I would venture to say that the vast majority of people who will end up in Presidential or Chairman’s Club have owned their properties for a long time and paid a one time fee to purchase the lowest tier of Club Points and convert their other timeshare unites into the new program. When you complete this process, your new properties are valued at current market prices, and the value is assessed in Club Points. Since Club points are far more valuable than the ownership of the week itself because of the array of redemption options, priority for booking, and flexibility of stay length I think a lot of Vacation Club Owners will eventually bite the bullet and make the switch.
- Owner: <4000 Club Points
- Select: 4000-6999 Club Points
- Executive: 7000 – 9,999 Club Points
- Presidential: 10,000 – 14,999
- Chairman’s Club: 15k + Club Points
The New Status Matches which are detailed below in the Email are:
- Executive and Select: Gold Elite at the minimum
- Presidential and Chairman’s Club: Platinum Elite
If you own some marquis properties within the Marriott Vacation Club ( Vegas, Hawaii, Orlando, London, etc) portfolio you will find that the valuation of your Club Points are pretty attractive. Now, knowing that you will also get Status within the Marriott brand as long as you keep your Club Points, Marriott has given more value to Time Share ownership than ever before.
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