Weve also received reports from some of our Sheraton Vistana clients that are receiving a pop-up upon logging into their vistana.com account that reads: Were excited to announce a new affiliation with Abound by Marriott Vacations (previously known as the Marriott Vacation Club Destinations Exchange Program). A couple of years ago Marriott did an investor update posted on here that showed Westin Flex, Sheraton Flex, VSN and MVC all operating as separate spheres with a new type of currency system to be created (and sold in some fashion, of course!) The higher of the two factors will determine the owners Owner Benefit Level. You can contact us by calling (407) 465-5188 or emailing team@fidelityresales.com! On Thursday, June 16th, 2022, Marriott Vacations Worldwide, the owner of Marriott Vacation Club, Westin Vacation Club, and Sheraton Vacation Club, created a press release to talk about a new name for the combined program between their three . For the program to work, Vistana owners had to put their "deeded weeks" into the Flex program. For those who want to travel abroad, Sheraton Vacation Club also has an extensive international network. When Abound is finally launched, it will be just one of the many great benefits and programs that Marriott offers its Owners. Theres a lot of chatter on social media amongst owners both Marriott and Vistana about Abound, by Marriott Vacations, and rightly so. Required fields are marked *. Cookie Settings | SCAM ALERT!! I predict when the COVID-19 virus is over around the world; their will be a complete integration of Marriott, Vistana and Westin. | Marriott Points people already have this for exchanging in II to non-Marriott properties. If an owner chooses to opt-out of the Abound program, many of these new rule changes will still apply, such as the new banking rules. From theme parks in Orlando, to a poolside oasis in Arizona, to a Colorado ski retreat, Sheraton Vacation Club is your home-away-from-home. Because MARRIOTT bought Westin /Vistana We ( Marriott) own them ( Westin / Vistana) They were displaying a whole video on the NEW properties ( Westins) Does anyone have any information regarding how they think the merger might play out. This will allow owners to explore even more destinations and experiences when planning their vacations. Marriott Vacation Club is the first large hospitality brand to enter the timeshare industry and is now noted as one of the best vacation clubs for travelers. This adjustment brings the banking rules in line with the banking rules and restrictions for Marriott Vacation Club owners. Can someone give us some valuable advice? Shortly before Starwood announced a deal to be acquired by Marriott it agreed to spin off its timeshare business into a separate company, Vistana, which it sold to Interactive Leisure Group or ILG. I just completed a sale presentation at a Marriott timeshare resort. First Name is required. MDC . We will explore the conversion rates for Vistana owners to convert their StarOptions into Club Points later in this article. I have a passion for learning and enjoy explaining complex concepts in a simple way. So an affiliate of Marriott will wind up . Abound by Marriott Vacations is a new Owner benefit and exchange program set to debut this summer. This new program will revolutionize the way you travel. Vistana currently has 20 properties around the world. Great news! Marriott has announced their newest Owner benefit and exchange program that promises unparalleled access to the most sought-after destinations around the globe. The merger will also provide owners with increased flexibility when it comes to booking vacations. All Rights Reserved. And under new leadership, Vistana issued Westin and Sheraton vacation clubs of their own. Check it out and comment below which ones you hope to visit! The Marriott Vacation Club Destinations Exchange Program is what allows both owners of Marriott Destinations Club Points (Trust Points) and Legacy Week owners who have converted their week into points, the ability to book at the various Marriott Vacation Club resorts without using Interval International and performing a traditional external exchange. Please complete all fields. MVC already had 8 resorts in Hilton Head and 1 in Myrtle Beach. Receive a welcome gift of up to 500 bonus points when you arrive for yourstay. Owners of Vistana resorts will now be able to book vacations at any Marriott Vacation Club resort, giving them access to a much larger pool of destinations. but wont have full benefit of Abound without some Trust points. Use our "What's My Timeshare Worth?" valuation tool to see past sales (excluding floating weeks) for your timeshare, median prices, and current competition. Was hoping for something near Carlsbad or San Diego. I was told the merger will only benefit Marriott owners. Marriott Vacation Club a global industry leader in Vacation Ownership and brand of Marriott Vacations Worldwide (NYSE: VAC) announced today that its Marriott Vacation Club at Los Sueos resort - located in the 1,110-acre master planned community of Los Sueos Resort and Marina in Costa Rica - is now open for Owners and guests to experience. MVC owners can only trade into Westin and Sheraton owners units to the extent there is a trade the other direction. Please complete all fields. MVW will want to make this "benefit" a money making venture. We also have the Marriott Grande Vista and were hoping they were going to merge so we could be at a higher level in Marriott and go into the Trust program. Both of these programs were under the umbrella of Starwood. Vistana Signature Experiences is the new name for what used to be the Sheraton Vacation Club and Westin Vacation Club. Located near Disney Springs and other famous Orlando attractions, our family-friendly resort offers a wealth [] Last Modified: December 28, 2022 The Westin Princeville Ocean Resort Villas Westin Vacation Club We were told unless we planned to use our Mission Hills unit during the season we owned we were (can't remember if she called me an idiot or stupid) if we didn't pay $24,000 and buy into the Westin Flex plan as we could rent the unit for less than the association dues. This material is intended to encourage the sale of all-villa resort interests classified by state legislation as timeshare sales. Most Popular Time Share Resorts to Rent And No Surprise Marriott Is At the Top of the List!! We don't know if the Sheraton will ever merge with the Marriott and we don't know if we should let them take them back but we get nothing in return. Owners of Vistana resorts may see an increase in their annual fees, as Marriott Vacation Club typically charges higher fees than Vistana. Earlier today, Marriott International announced the completion of its planned merger and acquisition of Starwood Hotels & Resorts. Although you can accomplish booking these resorts using the new Abound program at no cost, Marriott wants to keep Marriot resort inventory within the Abound program. Hilton Grand Vacations Resale Value: Whats My Hilton Timeshare Worth? Therefore if Marriott owners get access to a pot of Vistanta inventory and remove some by making reservations, the inventory in the Marriott system they abandon has to be made available the other way to Vistana owners for the transaction to balance. Club Points will be the new name for the vacation currency that is used to book vacations for Marriott Destinations Club points owners, as well as Vistana owners who are electing to use their weeks / points in the new Abound program. We have owned 1 Westin/Vistana timeshare that we bought when our kids were young. This is different than owning an enrolled week in MVC. When a Vistana owner joins the Abound program, they will begin paying the annual Club Fee that Marriott owners pay each year (based on membership level). Swim in the sparkling blue waves, lounge in the warm Florida sunshine or take an airboat tour of the . It seems as though Marriott is going to be offering owners at these three previously separate Vacation Clubs the ability to book resorts at other Marriott Vacations Worldwide resorts. Getaways make additional resort weeks available at prices that are a great value whether you stay all seven days or just a long weekend. This pop-up seems to point to the new Abound by Marriott Vacations program essentially replacing the Marriott Vacation Club Destinations Exchange Program. A Comprehensive Guide, Is Hiring a Travel Agent Worth It? 15,000 Club Points, or be 5 Star Elite under the current Vistana benefit levels. On the same day as the press release, Marriott Vacations Worldwide held an investors day event that featured a webinar in which Marriott Vacations Worldwides representatives were interviewed. The ability to enjoy your Home Resort Reservation Period, The usage options in the Vistana Signature Network, Opt to exchange through Interval International. Marriott has recently filed documents with the Orange Country Comptroller that details how they would be handling the creation of a new integrated exchange system that would include Vistana resorts. Owners get more benefits with automatic Marriott Bonvoy Gold Elite status. Club Points will be the new name for the vacation currency that is used to book vacations for Marriott Destinations Club points owners, as well as Vistana owners who are electing to use their weeks / points in the new Abound program. On Thursday March 24, 2022 Marriott Vacation Club and Vistana rolled out a soft launch of the new combined program to be able to book resorts between their different timeshare brands;. Use points for free nights in your favoriteplaces. * https://destinationtimeshare.teachable.com/p/mvc-made-easyALL THE RESORTS FEATURED ON DESTINATION TIMESHARE! Resorts by Region - https://bit.ly/3ymVzqF Resort by System - https://bit.ly/3t64GJ2WHAT TO WATCH NEXT: 4 Reasons Your Not Getting Trades From Interval International - https://youtu.be/nitBg3sjFr8 Marriott Vacation Club | Resort Caps/Hat Rant - https://youtu.be/KohUmqtumZ8 Vistana Housekeeping Fees Explained - Sheraton \u0026 Westin Vacation Club - https://youtu.be/D9A2uhAPcR4DESTINATION TIMESHARE IS NOW ON DISCORD!Join the discussion with the invite link below. DISCORD: https://discord.gg/wFNKhhwJOIN THE DISCUSSION IN THE FACEBOOK GROUP! https://www.facebook.com/groups/873463832989314/FOLLOW \u0026 LIKE US ON SOCIAL MEDIA! FACEBOOK: https://www.facebook.com/DestinationTimeshare INSTAGRAM: https://www.instagram.com/melissiaandjeremytaziar/TIMESHARE ADVICE ARTICLES \u0026 ONLINE RESORT REVIEWS Timeshare Users Group (TUG) - https://www.tug2.netLIKE THE MUSIC IN MY VIDEOS?Use the same music in your videos with the link below and get a 30 Day Free Trial! Dont Be Fooled!! Update: 12/1/2022. Your speculation makes sense because unlike the US treasury printing money, there is a finite amount of inventory in the entire system broken up into different pots/trusts and it is all owned by someone. Stay tuned to the A Timeshare Broker blog to get all the latest developments. The program aims to offer more value with villa rental discounts and last-minute points reservations. This will allow them to enjoy more destinations and experiences than ever before. if you are Vistana only, at an Abound presentation, they will encourage you to buy some MVC Trust points. It seems to have the promise of gaining access to some of the most popular and luxurious destinations around the world through Marriotts various timeshare brands. You can access Marriott's page for Elite . Your email address will not be published. Would love your thoughts, please comment. Will the merger affect my Marriott Vacation Club Owner usage and exchange rights? It is important to understand the potential risks before making a decision. Seemed like a good idea then. Terms & Conditions | You are leaving a Vistana Signature Experiences, Inc. (Vistana) site and going to a third-party website. you are not required to do this. Weve done some digging, and found clues about what the program may cost. Our kids don't want to be stuck with them when we pass on. For owners of one of the Flex timeshare products, you will be able to elect for Club Points in increments of 20,000 Home Options. Since the announcement of the Abound program by Marriott Vacations, timeshare owners of Marriott Vacation Club, Westin Vacation Club, and Sheraton Vacation Club, have been curious to learn additional details about the implementation of Marriotts grand vision. (Note: Is this article not meeting your expectations? Additionally, owners of Marriott Vacation Club resorts will now have access to Vistanas 13 resorts in the United States and St. Thomas. My prediction is it will be a new Program like MVC Enrolled Week, where Points Owners will have to pay a Fee to join, probably have to pay a few to reserve across brands, and will cost more equivalent points to "cross over" than within a brand. The Company has over 120 vacation ownership resorts and approximately 700,000 Owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. An enrolled week in mvc Club Owner usage and exchange rights value: Whats My Hilton timeshare Worth direction. Great benefits and programs that Marriott offers its owners clues about what the program to work, Vistana to... Surprise Marriott is at the Top of the List! | Marriott people. The Sheraton Vacation Club and Westin Vacation Club resorts will now have access to the new name for used. Merger and acquisition of Starwood Hotels & amp ; resorts a welcome of... Enjoy more destinations and experiences than ever before you travel be stuck with them we! 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