Author
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Topic: Trading value of lock-out units
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nadinehal TUG MemberPosts: 3 From: Registered: Aug 2004
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posted 04-16-2005 09:18
We are considering purchasing 1 bed w/lock-out at Kauai Beach Club (resale market). A friend of ours who owns a Marriott lock-out unit told us he wanted to trade the unit for two weeks elsewhere and was told by Marriott that he could not request weeks in advance (13 months I believe) but had to make his request very close to his desired time (just like a bonus week use). Is this true? We thought that having a lock-out unit was equal to having two weeks and that both weeks had equal trading value. Need advice before we purchase. ThanksIP: Logged |
ironweed Non MemberPosts: 7 From: Marriott Ocean Pointe, Grande Vista Registered: Apr 2005
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posted 04-16-2005 10:12
I have never had that problem with my Ocean Point lock-off trades... IP: Logged |
pwrshift TUG MemberPosts: 2835 From: Toronto Registered: Dec 2000
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posted 04-16-2005 14:07
II has a like-for-like policy with studio trades - but I believe you can put a request in for any resort with your lockoff, but if they have studios that's probably what you'll get...UNLESS you search and book to go within a 59 day period, where you can get any size of any available resort with your studio, just as you can with a bonus week AC. Past the 60 day period II will usually allow a 1 step upgrade if it is available (a 1 bdrm for a studio), but you will have to have a 1 bdrm or 2 bdrm on deposit to see them as the computer pretty much lets you only see other studios. If you see one, you have to call II to book it. Brian quote: Originally posted by nadinehal: We are considering purchasing 1 bed w/lock-out at Kauai Beach Club (resale market). A friend of ours who owns a Marriott lock-out unit told us he wanted to trade the unit for two weeks elsewhere and was told by Marriott that he could not request weeks in advance (13 months I believe) but had to make his request very close to his desired time (just like a bonus week use). Is this true? We thought that having a lock-out unit was equal to having two weeks and that both weeks had equal trading value. Need advice before we purchase. Thanks
------------------ Those who dream most, do most. IP: Logged |
Jason Non MemberPosts: 143 From: Registered: Jun 2002
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posted 04-16-2005 14:32
The lock-off part of the Kauai 1bd CANNOT be traded Even the big part only trades as a studio
quote: Originally posted by nadinehal: We are considering purchasing 1 bed w/lock-out at Kauai Beach Club (resale market). A friend of ours who owns a Marriott lock-out unit told us he wanted to trade the unit for two weeks elsewhere and was told by Marriott that he could not request weeks in advance (13 months I believe) but had to make his request very close to his desired time (just like a bonus week use). Is this true? We thought that having a lock-out unit was equal to having two weeks and that both weeks had equal trading value. Need advice before we purchase. Thanks
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dougp26364 TUG MemberPosts: 1978 From: Wichita KS owner: Polo Towers/ The Villas at Polo Towers/ Marriot's Ocean Point/Marriott's Grand Chateau/ HGVC LVStrip/ Grand Regency Branson, MO Registered: Jan 2001
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posted 04-16-2005 16:12
quote: Originally posted by nadinehal: We are considering purchasing 1 bed w/lock-out at Kauai Beach Club (resale market). A friend of ours who owns a Marriott lock-out unit told us he wanted to trade the unit for two weeks elsewhere and was told by Marriott that he could not request weeks in advance (13 months I believe) but had to make his request very close to his desired time (just like a bonus week use). Is this true? We thought that having a lock-out unit was equal to having two weeks and that both weeks had equal trading value. Need advice before we purchase. Thanks
You have to watch the claims made by a reseller sometimes. They try to get the information correct but often don't know the details. Some just flat mislead as in one E-bay action I read this morning selling a non-5 star I.I. by stating in their add that once completed, the resort will be 5 star. They then continue to call the resort 5 star throughout the rest of the add when it most definately is NOT.
The above post about this unit not trading is probably more accurate than what a reseller is telling you. What the reseller is refering to is the thought that you can lock out your unit and use one week in the master suite, then one week in the studio LO to get two weeks out of one unit. While some people do this at their home resort, I haven't heard of to many people doing this through trades. In order to do this as an exchange you'll have to find a resort that has two back to back weeks in the unit configuration you require. It would probably depend on where you want to go. Branson, Williamsburg or Orlando might be pretty easy. Key West, a mountain ski weeks somewhere or any destination in Europe might be impossible. With the information about how that unit trades in the post above, I would step very carefully before purchasing this unit if exchanging is your intended purpose.
[This message has been edited by dougp26364 (edited 04-16-2005).] IP: Logged |
buzzy TUG MemberPosts: 52 From: york,pa Registered: Feb 2005
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posted 04-17-2005 04:50
quote: Originally posted by dougp26364: While some people do this at their home resort, I haven't heard of to many people doing this through trades. In order to do this as an exchange you'll have to find a resort that has two back to back weeks in the unit configuration you require. It would probably depend on where you want to go. Branson, Williamsburg or Orlando might be pretty easy. Key West, a mountain ski weeks somewhere or any destination in Europe might be impossible. With the information about how that unit trades in the post above, I would step very carefully before purchasing this unit if exchanging is your intended purpose.
[This message has been edited by dougp26364 (edited 04-16-2005).]
That is opposite of why I purchased my lockoff. I was told that I can lockoff my unit and can rent my studio at my home resort (or trade for a studio at a different resort) and then take my one bedroom and could trade up if I go to a resort that has only 2 bedrooms or go elsewhere too in a 1 bedroom) I can use 2 weeks at 2 different times within my platinum season and do not have to use either at my home resort. I was told this on several occasions through Marriot and can make each reservation seperately and deposit each 12 months before my deposit week. This seems to be different from the info in the above post.
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MOXJO7282 TUG MemberPosts: 1129 From: KINGS PARK, NY - USA Registered: Mar 2002
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posted 04-17-2005 05:00
There may be something unique about the Kauai Marriott, because I most certainly can do what is suggested with both my Maui and Aruba LOs. And I know you can do it with the other LOs in the Marriott program. I do recall some limitation with the old Marriott Kauai, but I think it was related to a 1 BDRM, that has some type of LO.Regards. Joe IP: Logged |
lweverett TUG MemberPosts: 144 From: Va. Beach, Va. Registered: May 2001
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posted 04-17-2005 06:26
Wasn't Newport Coast set up this way? You could divide your unit, but could not deposit the L/O unit in II. I think this was brought about by the hugh number of Beach Place and Ocean Point L/O units available on II with very few 2 B/Rs.------------------ Larry IP: Logged |
pwrshift TUG MemberPosts: 2835 From: Toronto Registered: Dec 2000
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posted 04-17-2005 07:25
Newport Coast is a non-lockoff resort - you got two bedrooms whether you need them or not.Brian ------------------ Those who dream most, do most. IP: Logged |
cchengrdh TUG MemberPosts: 44 From: Registered: Mar 2004
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posted 04-17-2005 07:31
jason is right, this is a bedbr lock off... all others is focusing on two bedrm lockoff .. i did the same research when considering a purchase... didn't buy .. only can trade 1 side..as a studio... the other side is just a sleeper couch..and high mf corinaIP: Logged |
dougp26364 TUG MemberPosts: 1978 From: Wichita KS owner: Polo Towers/ The Villas at Polo Towers/ Marriot's Ocean Point/Marriott's Grand Chateau/ HGVC LVStrip/ Grand Regency Branson, MO Registered: Jan 2001
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posted 04-17-2005 08:03
quote: Originally posted by buzzy: That is opposite of why I purchased my lockoff. I was told that I can lockoff my unit and can rent my studio at my home resort (or trade for a studio at a different resort) and then take my one bedroom and could trade up if I go to a resort that has only 2 bedrooms or go elsewhere too in a 1 bedroom) I can use 2 weeks at 2 different times within my platinum season and do not have to use either at my home resort. I was told this on several occasions through Marriot and can make each reservation seperately and deposit each 12 months before my deposit week. This seems to be different from the info in the above post.
And the information you were given is correct as far as I know for most Marriott resorts. Both our Ocean Pointe and Grand Chateau units lock-off and trade both master and studio units. Since I don't own at the resort the OP is asking about, I have to rely on others who either own at this resort of have knowledge of how it's set up. At Polo Towers, I can tell you that there are 2 bedroom LO units in which the studio portion can not be deposited for exchange. So I know that this problem does exist with some resorts. As far as exchanging both a master suite and lock-out unit for two back to back weeks at another resort, it's just going to depend on availablity. If the back to back weeks are available and the unit you own can trade both sides, it can be done. I'm just not convinced that it would always be easy to find back to back weeks unless you were pretty flexable with travel dates. [This message has been edited by dougp26364 (edited 04-17-2005).] [This message has been edited by dougp26364 (edited 04-17-2005).] IP: Logged |
Bee TUG MemberPosts: 318 From: San Jose, CA Registered: Dec 2000
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posted 04-17-2005 10:02
CChengrdh is correct. I own a 2 bedroom, 2 bathroom Marriott Kauai Beach Club week. It can be split into a 1 bedroom, 1 bathroom unit and a Studio unit with 1 bathroom. The 1 bedroom, 2 bath lockout unit can be split into a hotel room with a king size bed and 1 bathroom, and a room with just the sofabed and 1 bathroom. The room with the king size bed can be rented or traded as a studio unit. The room with the sofabed cannot be rented or traded. Owning one of these lockout units does not allow you to reserve at the 13 months out. If you own one unit you can only reserve 12 months out. Sandy IP: Logged |
ZCar TUG MemberPosts: 636 From: Yorba Linda, CA USA Registered: May 2003
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posted 04-17-2005 10:15
Back to Jason being correct. We own a one br. OF at Kauai Beach Club. Only the side with the bed is exchangeable. The side with the sofa bed is not. I assume one could rent it to someone, but, personally, I wouldn't do that. We never do the lockoff as we feel it's too small, becoming effectively an hotel room. (which it used to be!). KBC may be the only Marriott with that unique lockoff situation.However, recently we exchanged the one br. Kauai Beach Club for a two br. at Waiohai on Poipu Beach on a 'Request First' basis, so we wouldn't 'lose' the week as in 'Deposit First'. We had tied the KBC week to be after Maui and with the exchange, it's now the week before Maui. Try to learn everything you can before purchasing. I don't recommend the Garden View, unless maybe you plan on exchanging most all the time. Ocean View is OK, but everyone seems to want an Ocean Front. IP: Logged |
rschallig TUG MemberPosts: 93 From: Northern California USA Registered: Jan 2001
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posted 04-17-2005 10:47
To add to ZCar's comment, it should be noted that of the 230 or so timeshare units at KBC only 30 or so are two-bedroom units. BobIP: Logged |