Hello, my name is Syed Sarmad and I’m the Principal Broker for Advantage Vacation. Advantage Vacation is a licensed timeshare resale company specializing in the resales of name brand timeshares all across the United States. We specialize in Marriott, Westin, Hyatt and Hilton timeshare resales. Our offices are located in the Lahaina Cannery Mall in Lahaina, Maui, Hawaii.
Today I would like to talk about the Marriott Vacation Club Program. There are two types of Vacation Club programs with the Marriott Vacation Club. One is called Legacy Weeks where an owner purchases a timeshare either in a one week interval – either a floating week or a fixed week – at a particular resort.
If any purchase is made on the resale market or has been made after June 20, 2010 the owner can use it at their home resort where they purchased in the season of their ownership or they can make an exchange through Interval International. They do not have Marriott Reward Point benefits or have the right or the option to enroll in the Marriott Vacation Club Destination Points Program to deposit these resale weeks that have been purchased after June 20, 2010 anywhere in the US or Caribbean.
It’s very important for an owner or a prospective timeshare resale buyer to ask themselves why they are purchasing their timeshare. If your interest is primarily to go to a specific resort and especially if you are a peak season traveler, then it may be beneficial to you to look at the Legacy Week program.
If your interest is to go to a variety of Marriott Vacation Club resorts in the Marriott Collection and you’re not specifically set on going to a certain resort, then it may be beneficial to you to look at the Marriott Vacation Club Destination Points Program.
However, here are the benefits that are entitled to a person who is a Legacy Week owner. If you have made a purchase of a timeshare resale or a Developer purchase up until June 20, 2010 in the United States or the Caribbean, you do have the option to enroll your Legacy Week into the Destination Points Program. In addition, you have the option to bank or convert your week into the Destination Points Program by September 30 of the prior year. However, any sale or resale that has taken place after June 20, 2010 you can purchase a week at your home resort and if you want to make an exchange you can go thru Interval International.
At your home resort, you can make your reservations up to 12 months in advance in the season you own if you are a single week owner. If you are a multiple week owner you can make reservations up to 13 months in advance consecutively and it has to be done at your home resort. So, for example if you owned a timeshare in Hawaii and one in California at Marriott properties then you can make your reservations in consecutive weeks at your home resort up to 13 months in advance.
Marriott allocates half their inventory for people who have the ability to book 13 months in advance and the other half of the Legacy Week inventory is set aside for people who own one week timeshare intervals.
I hope this information has been beneficial to you.
You may view the video below:
For information about Marriott’s Right of First Refusal and the 2014 Timeshare Market Update, check out our blogs:
Syed Sarmad, Principal Broker for Advantage Vacation