What Are the Differences?
Marriott Vacation Club in June 2010 introduced its point based program called Marriott Vacation Club Destinations. The timeshare program is a significant departure from Marriott's original floating week concept. The program is considered fairly controversial as it creates two pools of inventory for two different timeshare owner bases. Floating week (often referred to as Legacy) owners that primarily have fee simple title to their timeshares still enjoy the 50+ vacation properties developed by Marriott Vacation Club over the last twenty five years with no change in their use of their original purchase.
Marriott Vacation Club Destinations owners are purchasing into a real estate trust in which points - beneficial interests- are assigned to the new Marriott owner. The points/ beneficial interests are mainly created and assigned from seven or eight Marriott resort properties purchased by Marriott for timeshare development at the peak of the real estate market in the 2004 - 2006 time period. While Marriott markets the idea that Destinations points may be used at all Marriott Vacation Club resorts - in reality this may be somewhat difficult in that the easiest use of the points exist inside the seven or eight properties that reside in the Marriott Vacation Club Destinations real estate trust. Conversely, the more difficult properties to use Destinations Points in may be the 50+ timeshare properties that comprise the original floating week resorts - or Legacy resorts.
Marriott Destinations Exchange
With over 425,000 Marriott timeshare owners and 550,000 weeks residing in the floating week "Legacy" pool, Marriott recognized it needed this substantial owner base to participate in the Marriott Destinations Point program - if the point program was to work efficiently. It was at this point that Marriott Destinations Exchange was introduced to the Legacy owners.
During the original introduction of Marriott Vacation Club Destinations, existing Marriott Legacy week owners were offered membership in the Destinations Exchange program. In joining and paying a membership fee, Legacy owners that bought directly from Marriott and in the secondary/ resale market would have the additional option to assign their floating week timeshare for Marriott Destination Points. Much like using Interval International as an option each year, Marriott Legacy owners decide annually if they wish to have their week assigned to Marriott Vacation Club Destinations for destination points.
It's important to note that there exists a subtle but distinctive difference between the two - Marriott Destinations Exchange and Marriott Vacation Club Destinations.
Marriott Vacation Club Destinations is the point based vacation ownership product whereby points are assigned out of a real estate trust comprising a nominal number of resorts at the current time.
Marriott Destinations Exchange is an exchange option (similar to Interval International) for floating week owners. Floating week owners can assign weeks to Marriott Vacation Club Destinations in return for points that may be redeemed for timeshare properties residing in the Destinations Point inventory / pool.
Marriott Destinations Exchange (floating week) owners still own fee simple interests in their specific resort during the their chosen season - and do not have in any ownership interest in the Marriott Vacation Club Destinations (real estate trust) program.
At this point, Marriott Legacy week owners have been fairly reluctant to embrace the Marriott Vacations Club Destinations program. Most notably are the membership fees to join the Destinations Points program. Additionally when an owner elects to use Marriott Destinations Exchange - the points assigned for the 8 day / 7 night floating week segment have a discounting mechanism that only provides the Legacy week timeshare owner with points that are the equivalent of a 6 day/ 5 night segment. This particular feature is one that has made the Marriott Vacation Club Destinations program most controversial with the Marriott floating week owners.
Vacation Timeshare Resales specializes in Marriott Vacation Club Destinations points. We also offer luxury hotel timeshares for sale by Hilton, Hyatt, Disney, Westin, Sheraton, and Disney vacation clubs. We also offer other timeshares for sale at other upscale timeshare properties. More importantly you can save significantly compared to renting or buying directly from the developer. Whether you wish to buy, sell, or rent a timeshare it makes sense to discover the many benefits of working with the licensed real estate professionals at Vacation Timeshare Resales, Incorporated for your timeshare needs. Email or give us a call today to see how we may be of service to you.
Hilton Head Rentals | Hawaii Rentals | Orlando Vacation Rentals | Aruba Rentals | Lake Tahoe Rentals
Copyright Entire Site 1998 - 2012 Vacation Timeshare Resales, Inc.