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Marriott Right of First Refusal 2014 Update

Marriott Vacation Club (MVC) has established a Right of First Refusal for resales of Marriott timeshares. Following you will find the Right of First Refusal policy which is described and defined on the Marriott timeshare website:

“Right of First Refusal – In accordance with the Public Offering Statements for Marriott Vacation Club an Owner who is interested in selling their timeshare privately is required to comply with the Right of First Refusal policy. Owners must notify Resale Operations of their intention to sell. At this point, Marriott Vacation Club has the option to either exercise the option, i.e. a direct repurchase in accordance with the terms of the external contract, or waive the option, i.e. the Owner is free to proceed with the external transaction. A formal waiver will be prepared, in recordable form, and forwarded to the Owner and/or Title Company that has made the request. Requests are responded to in a timely manner and in accordance with the requirements in the Public Offering Statement.”

There are a limited number of Marriott properties that do NOT require a Right of First Refusal. Following is the list of MVC Right of First Refusal Requirements listed by those who do not require a ROFR and those resorts with a 30 day, 15 day, 20 day and 10 day ROFR requirement.

MVC resorts that do NOT require a ROFR: (14 resorts)

Birch at StreamSide
Desert Springs Villas I
Douglas at StreamSide
Evergreen at StreamSide
Fairway Villas at Seaview
Frenchman’s Cove
Harbour Club
Harbour Point
Heritage Club
Monarch
Ritz-Carlton Club (RCC), St. Thomas
Sabal Palms
Sunset Pointe
Royal Palms

MVC Resorts Requiring a 30 day ROFR (*Reflects a new resort or change) (28 resorts)

Marriott Aruba Surf Club View

Marriott Aruba Surf Club

Aruba Ocean Club 30 days and *No Waiver Fee*
Aruba Surf Club
Barony Beach Club
BeachPlace Towers
Club Son Antem
Marco Island *
Custom House
Cypress Harbour
Grande Ocean
Grande Vista
Grand Residence Club, London
Horizons by MVC at Orlando
Horizons by MVC at Branson
Imperial Palm Villas
Legends Edge at Bay Point
Manor Club at Ford’s Colony
Mallorca
Marbella Beach Resort
MountainSide
Ocean Pointe
Oceana Palms *
OceanWatch Villas
Phuket Beach Club
Playa Andaluza
RCC, Jupiter
SurfWatch
Villas at Doral
Village d’Ile-de-France

 

Marriott Maui Ocean Club Swimming Pool

Marriott Maui Ocean Club Swimming Pool

MVC Resorts requiring a 15 day ROFR (*Reflects a new resort or change) (16 resorts)

Canyon Villas at Desert Ridge
Desert Springs Villas II
Grand Residence Club, Lake Tahoe
Grande Chateau
Ko Olina Beach Club
Maui Ocean Club
Mountain Valley Lodge
Newport Coast Villas
RCC, Aspen Highlands
RCC, Kapalua Bay *
RCC, San Francisco
Shadow Ridge
St. Kitts Beach Club
Summit Watch
Timber Lodge
Waiohai Beach Club

There are two MVC resorts which require a 10 day ROFR and one MVC resort which requires a 20 day ROFR

Kauai Beach Club and RCC, Bachelor Gulch require a 10 day ROFR

RCC, South Beach * has a 20 day ROFR

 

Syed Sarmad, Principal Broker for Advantage Vacation 

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