Monday, July 26, 2010

Marriott time share trust program?

I have a question about Marriots new Time Share Points program. This is what I am thinking:1. Marriott is no longer selling deeded property, they are selling a "program" or "partial ownership" of a trust. Therefore, everyone that buys, now owns a portion of the Trust and the weeks/units that are in the trust. pending this is correct, then I think the following is correct: A. Now Marriott can oversell their inventory, since they are not selling deeded property;s, who;s to say if they have 400,000 unit/weeks, that they dont sell 500,000 - well enough points to consume 500,000 unit/weeks. Who keeps them in check? B. Now if you switch over, lets say you own at Vail in peak season. You get your points, but all of a sudden, Marriott determines that your week is more valuable than the points you received, now you may not be able to go back to Vail during peak season....or you are now competing against all of Marriott;s owners for your week and not just the ones at your resort. C. Finally, why have the owners not filed a class action lawsuit against Marriott. Marriott has has sold their time shares for decades claiming that they are an investment and since it is a deeded piece of property that can be handed down from generation to generation, now they are saying they are worthless and the only program to be in the trust program. Also, if the program is that good, why not just switch everyone over to the new program and move on - I know why, that would mean everyone signing over their deeds to Marriott which requires everyone to agree to it - so instead of doing that, they create this program where you pay to give them your property. Also, this will increase their bottom line, not just because you pay them more, but because their asset;s will increase because they are gaining your deed property. D. Finally, HOA;s or the owner;s associations of these units keep Marriott in check. Now the stock holders will be keeping Marriott in check - and if they want more money, guess who it will be coming out of - TRUST owners. I can just see it now, "there is inflation you need to buy more points to keep going where you go". All in all- I AINT BUYING IT. Am I right?|||Me neither.The system is quite unnatural as you think.I have been a member of Marriott for 10 years.But, I can;t trust this systems still.You had better not trust them.

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