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{{Short description|Timeshare resorts}}
{{advert|date=June 2012}}
{{MI|
{{advert|date=January 2017}}
{{primary sources|date=January 2017}}
}}
{{infobox company
| name = Marriott Vacation Club
| logo = MarriottVacationClub.svg
| logo_size = 150px
| caption =
| type =
| genre =
| fate =
| predecessor =
| successor =
| foundation = {{start date and age|1984}}
| founder =
| defunct =
| location_city = [[Orlando, Florida|Orlando]], [[Florida]]
| location_country = United States
| location =
| locations =
| area_served =
| key_people =
| industry = [[Hospitality]], [[Tourism]]
| products =
| services =
| revenue =
| operating_income =
| net_income =
| aum =
| assets =
| equity =
| owner =
| num_employees =
| parent = [[Marriott Vacations Worldwide Corporation|Marriott Vacations Worldwide]]
| divisions =
| subsid =
| homepage = https://www.marriottvacationclub.com
| footnotes =
| intl =
}}
'''Marriott Vacation Club''' is the primary [[timeshare]] brand of [[Marriott Vacations Worldwide Corporation]]. The brand comprises around 70 Marriott Vacation Club properties throughout the [[United States]], [[Caribbean]], [[Central America]], [[Europe]], and [[Asia]]. Marriott Vacation Club resorts consist of one, two, and three-bedroom villas,<ref>{{cite web|url=https://www.marriottvacationsworldwide.com/company/brands.shtml|title=Our Brands}}</ref> with more than 400,000 owners.


Marriott's acquisition of Hyatt Vacation Club marks a significant milestone in the hospitality industry. The merger between the two giants paves the way for the creation of a Universal Vacation Currency, revolutionizing the way people plan and enjoy their vacations. This strategic move positions Marriott as the world's largest Hotel and Leisure Real Estate operator, solidifying its dominance in the global market.
'''Marriott Vacation Club''' is the premier timeshare brand of [[Marriott Vacations Worldwide Corporation]], the world's leading pure-play public [[timeshare]] company. The brand comprises more than 50 Marriott Vacation Club properties throughout the [[United States]], [[Caribbean]], [[Europe]], and [[Asia]] and more than 400,000 owner families. Marriott Vacation Club resorts feature one, two, and three-bedroom villas.<ref>http://www.marriottvacationsworldwide.com/company/brands.shtml</ref>

[[File:Marriott - Frenchman's Cove pool - USVI.jpg|thumb|right|Frenchman's Cove, [[USVI]] outdoor pool]]


==History==
==History==
[[File:Marriott’s Grande Vista - Orlando 01.JPG|thumb|left|Grande Vista in Orlando, Florida]]
[[File:MarroittVacationClubLogo.jpg|thumb]]
Marriott Ownership Resorts, Inc. was started in 1984 on [[Hilton Head Island, South Carolina|Hilton Head Island]], [[South Carolina]] with the acquisition of American Resorts and its 122 villas on Hilton Head Island, which later became the '''Marriott's Monarch at Sea Pines''' resort.<ref>http://www.bizjournals.com/washington/stories/2006/06/19/daily28.html</ref> In 1985, Marriott Rewards started a partnership with the Marriott Ownership Resorts. In 1995, Marriott Ownership Resorts, Inc. was renamed, becoming Marriott Vacation Club International (MVCI) reflecting the company's evolution from real estate development to vacations. In 2007, Marriott Vacation Club International began to market its core timeshare brand as Marriott Vacation Club.<ref>http://www.marriottvacationclub.com/index.shtml</ref>
Marriott Ownership Resorts, Inc. was established in 1984 (on April 17) on [[Hilton Head Island, South Carolina|Hilton Head Island]], [[South Carolina]] with the acquisition of American Resorts and its 184 villas on Hilton Head Island, which later became the '''Marriott's Monarch at Sea Pines''' resort.<ref>{{cite web|url=http://www.bizjournals.com/washington/stories/2006/06/19/daily28.html|title=Marriott plans St. Kitts timeshares|work=Washington Business Journal}}</ref> In 1987, Marriott Rewards (introduced in 1983) started a partnership with the Marriott Ownership Resorts. In 1990, Marriott begins an exchange partnership with Interval International ([[ILG, Inc.]]), allowing Owners to trade weeks at their home resort for access to other resort destinations worldwide. In 1995, Marriott Ownership Resorts, Inc. was renamed, becoming Marriott Vacation Club International (MVCI) reflecting the company's evolution from real estate development to vacations. In 1996, Marriott Vacation Club International (MVCI) opened its first European property called Marriott's Marbella Beach Club in Costa del Sol, Spain. In 1997, Marriott Vacation Club International (MVCI) opened its first Caribbean property called Marriott's Aruba Ocean Club in Palm Beach, [[Aruba]]. In 1999, Marriott introduced The Ritz-Carlton Club (Ritz-Carlton Destination Club since April 2009), a luxury fractional ownership offering. In 2001, Marriott Vacation Club International (MVCI) opened its first Asia property called Marriott's Phuket Beach Club in Phuket, Thailand. In 2001, the first property of Marriott Grand Residence Club (Grand Residences by Marriott since 2006) opened in South Lake Tahoe. In 2007, Marriott Vacation Club International began to market its core timeshare brand as Marriott Vacation Club.<ref>{{cite web|url=https://www.marriottvacationclub.com|title=Marriott Vacation Club - Vacation Ownership Timeshare}}</ref>


[[File:Marriott resort- Frenchman's Cove - USVI.jpg|thumb|Frenchman's Cove in the [[United States Virgin Islands]]]]
Currently there are over 50 Marriott Vacation Club branded resorts throughout the world, including three resorts in [[Spain]], one in [[France]] and three in [[Thailand]]. Owners are able to exchange into other locations through the use of [[Interval International]], a timeshare exchange company with over 2,500 resorts. Uniquely{{cn|date=November 2013}}, owners may also exchange their ownership week into Marriott Rewards Points which then may be redeemed for stays at Marriott hotel properties or for cruises with affiliated partners.
[[File:Marriott's Village d'Ile-de-France, main building, 2010.jpg|thumb|Marriott's Village d'Ile de France, near [[Disneyland Paris]]]]
In 2010, the Marriott Vacation Club Destinations program was introduced. The Destinations program allows owners to redeem Vacation Club Points for stays at Marriott Vacation Club resorts, Marriott hotels, travel packages and resorts through Interval International.<ref>{{cite web|url=http://www.marriottvacationclub.com/news-press-releases/2010/06/2010-06-21-Marriott-Vacation-Club-Introduces-New-Vacation-Ownership-Program.shtml|title=Marriott Vacation Club Introduces New Vacation Ownership Program}}</ref>


In 2016, Marriott Vacation Club introduced the Marriott Vacation Club Pulse brand. These properties, set in urban locations, are designed for shorter stays. The brand launched with locations in [[New York City]], [[San Diego]], [[South Beach]], [[Washington, DC]] and [[Boston]].<ref>{{cite web|url=http://www.marriottvacationclub.com/news-press-releases/2016/04/Marriott-Vacation-Club-Pulse%E2%80%93Bringing-Guests-Closer-to-the-Heart-of-It-All.shtml|title=Marriott Vacation Club Pulse Bringing Guests Closer to the Heart of it All}}</ref>
[[File:Marriott resort- Frenchman's Cove - USVI.jpg|thumb|left|Frenchman's Cove in [[USVI]]]]


As of 2018, Marriott Vacation Club is one of 4 brands that includes Marriott Vacation Club Pulse, The Ritz-Carlton Destination Club and Grand Residences by Marriott.<ref>{{cite web|title=Marriott Vacations Worldwide Corporation Launches as a Separate Public Company|url=http://www.ritzcarltonclub.com/ritz-carlton-real-estate-press/2011/11/Marriott%20Vacations%20Worldwide%20Corporation%20Launches%20as%20a%20Separate%20Public%20Company.shtml|access-date=8 March 2013|date=22 November 2011}}</ref> There are around 70 Marriott Vacation Club branded resorts throughout the world, including three resorts in [[Spain]] (Costa del Sol, Mallorca and Marbella) one in [[France]] (near [[Paris]]) and three in [[Thailand]] (one in [[Bangkok]] and two in [[Phuket]]).
In 2009, Marriott Vacation Club celebrated its 25th anniversary.<ref>http://www.hospitalitynet.org/news/154000320/4040914.search?query=marriott+vacation+club+25</ref> In 2010, the Marriott Vacation Club Destinations program was introduced.<ref>http://www.marriottvacationclub.com/news-press-releases/2010/06/2010-06-21-Marriott-Vacation-Club-Introduces-New-Vacation-Ownership-Program.shtml</ref>


==Structure==
In November of 2011, Marriott Vacation Club was spun off from Marriott International and became a publicly traded company (NYSE: VAC) under the new parent company Marriott Vacations Worldwide, based in Orlando, Florida. Marriott Vacation Club is one of 3 brands which includes The Ritz-Carlton Destination Club and Grand Residences by Marriott as well.<ref>{{cite web|title=Marriott Vacations Worldwide Corporation Launches as a Separate Public Company|url=http://www.ritzcarltonclub.com/ritz-carlton-real-estate-press/2011/11/Marriott%20Vacations%20Worldwide%20Corporation%20Launches%20as%20a%20Separate%20Public%20Company.shtml|accessdate=8 March 2013|date=22 November 2011}}</ref>
Originally, Marriott Vacation Club properties were sold as weeks. A "fixed week" granted the owner the right to use their villa during a specific week each year (such as week 52, which includes New Year's Eve), or the right to use their villa during a specific "season" (defined on a per-resort basis), which granted the owner the right to reserve their villa for any available week within that season. Weeks at some properties could be split, enabling a non-consecutive four-night stay and three-night stay. Weeks could be exchanged for Marriott Rewards (now [[Marriott Bonvoy]]) points. Finally, owners of multi-room villas, such as a two-bedroom lockoff, could split the unit itself and book each half as a separate reservation. Notably, owners cannot reserve villas at other properties without exchanging them through Interval International (II). "Weeks owners," as they are called, pay annual maintenance fees that cover maintenance and refurbishment at the resort.{{Citation needed|date=August 2023}}


The Marriott Vacation Club Destinations program changed this structure. Owners now purchase points at a particular property, which can be "spent" to reserve a villa for a given number of nights during a given season. Villa "pricing," in points, differs based on the size of the unit and the season. Points can also be used to reserve villas at other properties, without having to exchange through II. "Points owners," as they are called, pay annual dues, which cover maintenance and refurbishment, much like maintenance fees for weeks owners.{{Citation needed|date=August 2023}}
==Similar Programs==

"Weeks" owners can "enroll" their week(s), for a fee, into the Destinations program, effectively converting their week(s) into points on an annual basis.{{Citation needed|date=August 2023}}

Marriott Vacation Club continues to sell weeks at some properties, particularly when they acquire weeks from owners wishing to sell them. Marriott Vacation Club has a contractual "right of first refusal" on all resales. If an owner obtains a purchase agreement for their week(s), Marriott Vacation Club can choose to pay the agreed-upon purchase price to obtain the week(s), effectively cancelling the sale. This approach can have the effect of keeping an owner from selling for below market value, since Marriott Vacation Club can effectively take the week(s) "off the market."

Each Marriott Vacation Club property effectively has up to two inventories of villas. Older properties' inventories consist mainly of "weeks owners." Newer properties' inventories consist mainly of points, wherein all available points are owned by a Marriott Vacation Club-controlled trust, and made available to owners who purchased under the Destinations program. Many properties have inventory of both weeks and points. It is important for owners to understand that these two inventories do not intermingle. For example, suppose an owner purchased 2,000 points at Property A, and wished to occupy a villa at Property B. Property B is an older property that was 100% sold-out as weeks. The owner will probably be unsuccessful, because there is no "points inventory" at Property B from which to fulfill their request.<ref>{{cite web|title=Enrolled Club Points vs. Trust Points|url=https://www.theartofvacationing.com/enrolled-club-points-vs-trust-points/|access-date=9 March 2019|date=1 March 2011}}</ref><ref>{{cite web|title=Marriott Vacation Club: An In-Depth Overview|url=https://www.sellingtimeshares.net/marriott-vacation-club-an-in-depth-overview/|access-date=9 March 2019|date=30 June 2018}}</ref> It is important for prospective owners to fully understand the differences between the inventories and to ensure their purchase will afford them the occupancy they desire.

The creation of the Destinations program has been controversial and resulted in lawsuits.<ref>{{cite web|title=Engineering the law: Marriott Vacations Worldwide's class-action timeshare battle|url=https://www.floridatrend.com/print/article/23307|access-date=9 March 2019|date=26 October 2017}}</ref>

==Similar programs==
*[[Diamond Resorts International]]
*[[Diamond Resorts International]]
*[[Disney Vacation Club]]
*[[Disney Vacation Club]]
*[[Hilton Grand Vacations Company]]
*[[Hilton Grand Vacations|Hilton Grand Vacations Company]]
*[[Westgate Resorts]]
*[[Westgate Resorts]]
*[[Bluegreen Resorts]]
*[[Bluegreen Resorts|Bluegreen Corporation]]

== Properties ==
{| class="wikitable"
|+Marriott Vacation Club Resort Properties<ref>{{Cite web|url=https://www.marriottvacationclub.com/vacation-resorts/|title=Marriott Vacation Club Official Site|website=www.marriottvacationclub.com|language=en|access-date=2018-08-05}}</ref>
!Property
!Location
|-
|Marriott Grand Residence Club, Lake Tahoe
|[[South Lake Tahoe, California|South Lake Tahoe, California, USA]]
|-
|Marriott Vacation Club Pulse at [[Custom House Tower|Custom House]], Boston
|[[Boston|Boston, Massachusetts, USA]]
|-
|Marriott Vacation Club Pulse at [[Mayflower Hotel|The Mayflower]], Washington, D.C.
|[[Washington, D.C.|Washington, District Of Columbia, USA]]
|-
|Marriott Vacation Club Pulse, New York City
|[[New York City|New York City, New York, USA]]
|-
|Marriott Vacation Club Pulse, San Diego
|[[San Diego|San Diego, California, USA]]
|-
|Marriott Vacation Club Pulse, San Francisco
|[[San Francisco|San Francisco, California, USA]]
|-
|Marriott Vacation Club Pulse, South Beach
|[[South Beach|South Beach, Florida, USA]]
|-
|Marriott Vacation Club at Surfers Paradise
|[[Surfers Paradise, Queensland|Surfers Paradise, Queensland, Australia]]
|-
|Marriott Vacation Club at The Empire Place
|[[Sathon District|Sathorn, Bangkok, Thailand]]
|-
|Marriott Vacation Club at Los Sueños
|[[Playa Herradura, Costa Rica|Herradura, Puntarenas, Costa Rica]]
|-
|Marriott's Aruba Ocean Club
|[[Palm Beach, Aruba|Palm Beach, Noord, Aruba]]
|-
|Marriott's Aruba Surf Club
|[[Palm Beach, Aruba|Palm Beach, Noord, Aruba]]
|-
|Marriott's Bali Nusa Dua Gardens
|[[Nusa Dua]], [[Bali]], [[Indonesia]]
|-
|Marriott's Bali Nusa Dua Terrace
|[[Nusa Dua]], [[Bali]], [[Indonesia]]
|-
|Marriott's Barony Beach Club
|[[Hilton Head Island, South Carolina|Hilton Head Island, South Carolina, USA]]
|-
|Marriott's BeachPlace Towers
|[[Fort Lauderdale, Florida|Fort Lauderdale, Florida, USA]]
|-
|Marriott's Canyon Villas
|[[Phoenix, Arizona|Phoenix, Arizona, USA]]
|-
|Marriott's Club Son Antem
|[[Mallorca|Mallorca, Balearic Islands, Spain]]
|-
|Marriott's Crystal Shores
|[[Marco Island, Florida|Marco Island, Florida, USA]]
|-
|Marriott's Cypress Harbour
|[[Orlando, Florida|Orlando, Florida, USA]]
|-
|Marriott's Desert Springs Villas
|[[Palm Desert, California|Palm Desert, California, USA]]
|-
|Marriott's Desert Springs Villas II
|[[Palm Desert, California|Palm Desert, California, USA]]
|-
|Marriott's Fairway Villas
|[[Absecon, New Jersey|Absecon, New Jersey, USA]]
|-
|Marriott's Frenchman's Cove
|[[Saint Thomas, U.S. Virgin Islands|St. Thomas, U.S. Virgin Islands, USA]]
|-
|[[Marriott's Grand Chateau]]
|[[Las Vegas|Las Vegas, Nevada, USA]]
|-
|Marriott's Grande Ocean
|[[Hilton Head Island, South Carolina|Hilton Head Island, South Carolina, USA]]
|-
|[[Marriott's Grande Vista]]
|[[Orlando, Florida|Orlando, Florida, USA]]
|-
|Marriott's Harbour Club
|[[Hilton Head Island, South Carolina|Hilton Head Island, South Carolina, USA]]
|-
|Marriott's Harbour Lake
|[[Orlando, Florida|Orlando, Florida, USA]]
|-
|Marriott's Harbour Point
|[[Hilton Head Island, South Carolina|Hilton Head Island, South Carolina, USA]]
|-
|Marriott's Heritage Club
|[[Hilton Head Island, South Carolina|Hilton Head Island, South Carolina, USA]]
|-
|Marriott's Imperial Palms
|[[Orlando, Florida|Orlando, Florida, USA]]
|-
|Marriott's Kauai Beach Club
|[[Lihue, Hawaii|Lihue, Kauai, Hawaii, USA]]
|-
|Marriott's Kauai Lagoons - Kalanipu{{okina}}u
|[[Lihue, Hawaii|Lihue, Kauai, Hawaii, USA]]
|-
|[[Marriott's Ko Olina Beach Club]]
|[[Kapolei, Hawaii|Kapolei, Oahu, Hawaii, USA]]
|-
|Marriott's Lakeshore Reserve
|[[Orlando, Florida|Orlando, Florida, USA]]
|-
|Marriott's Legends Edge at Bay Point
|[[Panama City, Florida|Panama City, Florida, USA]]
|-
|Marriott's Mai Khao Beach - Phuket
|[[Thalang District|Mai Khao, Phuket, Thailand]]
|-
|Marriott's Manor Club
|[[Williamsburg, Virginia|Williamsburg, Virginia, USA]]
|-
|Marriott's Marbella Beach Resort
|[[Marbella|Marbella, Andalusia, Spain]]
|-
|Marriott's Maui Ocean Club
|[[Lahaina, Hawaii|Lahaina, Maui, Hawaii, USA]]
|-
|Marriott's Monarch
|[[Hilton Head Island, South Carolina|Hilton Head Island, South Carolina, USA]]
|-
|Marriott's Mountain Valley Lodge
|[[Breckenridge, Colorado|Breckenridge, Colorado, USA]]
|-
|Marriott's MountainSide
|[[Park City, Utah|Park City, Utah, USA]]
|-
|Marriott's Newport Coast Villas
|[[Newport Coast, Newport Beach|Newport Coast, California, USA]]
|-
|Marriott's Ocean Pointe
|[[Palm Beach Shores, Florida|Palm Beach Shores, Florida, USA]]
|-
|Marriott's Oceana Palms
|[[Riviera Beach, Florida|Riviera Beach, Florida, USA]]
|-
|Marriott's OceanWatch at Grande Dunes
|[[Myrtle Beach, South Carolina|Myrtle Beach, South Carolina, USA]]
|-
|Marriott's Phuket Beach Club
|[[Thalang District|Mai Khao, Phuket, Thailand]]
|-
|Marriott's Playa Andaluza
|[[Estepona|Estepona, Andalusia, Spain]]
|-
|Marriott's Royal Palms
|[[Orlando, Florida|Orlando, Florida, USA]]
|-
|Marriott's Sabal Palms
|[[Orlando, Florida|Orlando, Florida, USA]]
|-
|Marriott's Shadow Ridge
|[[Palm Desert, California|Palm Desert, California, USA]]
|-
|Marriott's St. Kitts Beach Club
|[[Saint Peter Basseterre Parish|St. Peter Basseterre, St. Kitts, St. Kitts and Nevis]]
|-
|Marriott's StreamSide
|[[Vail, Colorado|Vail, Colorado, USA]]
|-
|Marriott's Summit Watch
|[[Park City, Utah|Park City, Utah, USA]]
|-
|Marriott's Sunset Pointe
|[[Hilton Head Island, South Carolina|Hilton Head Island, South Carolina, USA]]
|-
|Marriott's SurfWatch
|[[Hilton Head Island, South Carolina|Hilton Head Island, South Carolina, USA]]
|-
|Marriott's Timber Lodge
|[[South Lake Tahoe, California|South Lake Tahoe, California, USA]]
|-
|Marriott's Village d'Ile-de-France
|[[Bailly-Romainvilliers|Bailly-Romainvilliers, Île-de-France, France]]
|-
|Marriott's Villas at Doral
|[[Doral, Florida|Doral, Florida, USA]]
|-
|Marriott's Waikoloa Ocean Club
|[[Waikoloa Beach|Waikoloa Beach, Hawaii, Hawaii, USA]]
|-
|Marriott's Waiohai Beach Club
|[[Koloa, Hawaii|Koloa, Kauai, Hawaii, USA]]
|-
|Marriott's Willow Ridge Lodge
|[[Branson, Missouri|Branson, Missouri, USA]]
|-
|[[Ritz-Carlton Club and Residences|The Ritz-Carlton Club and Residences, San Francisco]]
|[[San Francisco|San Francisco, California, USA]]
|-
|The Ritz-Carlton Club, Aspen Highlands
|[[Aspen, Colorado|Aspen, Colorado, USA]]
|-
|The Ritz-Carlton Club, Lake Tahoe
|[[Truckee, California|Truckee, California, USA]]
|-
|The Ritz-Carlton Club, St. Thomas
|[[Saint Thomas, U.S. Virgin Islands|St. Thomas, U.S. Virgin Islands, USA]]
|-
|The Ritz-Carlton Club, Vail
|[[Vail, Colorado|Vail, Colorado, USA]]
|}

==See also==
{{Portal|Business}}
*[[Time-share]]


==References==
==References==
Line 28: Line 299:


==External links==
==External links==
{{Commons category}}
*[http://www.marriottvacationclub.com/ Marriott Vacation Club Website]
*[http://jobs.marriottvacationsworldwide.com/ Marriott Vacations Worldwide Careers Site]
*[https://www.marriottvacationclub.com/ Marriott Vacation Club Website]
*[https://careers.marriottvacationsworldwide.com/ Marriott Vacations Worldwide Careers Site]
*[https://www.clubmarriott.in/ Club Marriott South Asia]
{{Marriott}}
{{Timeshare chains}}


[[Category:Timeshare chains]]
[[Category:Timeshare chains]]
[[Category:Marriott International]]
[[Category:Marriott International brands]]

Latest revision as of 15:25, 28 July 2024

Marriott Vacation Club
IndustryHospitality, Tourism
Founded1984; 40 years ago (1984)
Headquarters
Orlando, Florida
,
United States
ParentMarriott Vacations Worldwide
Websitehttps://www.marriottvacationclub.com

Marriott Vacation Club is the primary timeshare brand of Marriott Vacations Worldwide Corporation. The brand comprises around 70 Marriott Vacation Club properties throughout the United States, Caribbean, Central America, Europe, and Asia. Marriott Vacation Club resorts consist of one, two, and three-bedroom villas,[1] with more than 400,000 owners.

Marriott's acquisition of Hyatt Vacation Club marks a significant milestone in the hospitality industry. The merger between the two giants paves the way for the creation of a Universal Vacation Currency, revolutionizing the way people plan and enjoy their vacations. This strategic move positions Marriott as the world's largest Hotel and Leisure Real Estate operator, solidifying its dominance in the global market.

History

[edit]
Grande Vista in Orlando, Florida

Marriott Ownership Resorts, Inc. was established in 1984 (on April 17) on Hilton Head Island, South Carolina with the acquisition of American Resorts and its 184 villas on Hilton Head Island, which later became the Marriott's Monarch at Sea Pines resort.[2] In 1987, Marriott Rewards (introduced in 1983) started a partnership with the Marriott Ownership Resorts. In 1990, Marriott begins an exchange partnership with Interval International (ILG, Inc.), allowing Owners to trade weeks at their home resort for access to other resort destinations worldwide. In 1995, Marriott Ownership Resorts, Inc. was renamed, becoming Marriott Vacation Club International (MVCI) reflecting the company's evolution from real estate development to vacations. In 1996, Marriott Vacation Club International (MVCI) opened its first European property called Marriott's Marbella Beach Club in Costa del Sol, Spain. In 1997, Marriott Vacation Club International (MVCI) opened its first Caribbean property called Marriott's Aruba Ocean Club in Palm Beach, Aruba. In 1999, Marriott introduced The Ritz-Carlton Club (Ritz-Carlton Destination Club since April 2009), a luxury fractional ownership offering. In 2001, Marriott Vacation Club International (MVCI) opened its first Asia property called Marriott's Phuket Beach Club in Phuket, Thailand. In 2001, the first property of Marriott Grand Residence Club (Grand Residences by Marriott since 2006) opened in South Lake Tahoe. In 2007, Marriott Vacation Club International began to market its core timeshare brand as Marriott Vacation Club.[3]

Frenchman's Cove in the United States Virgin Islands
Marriott's Village d'Ile de France, near Disneyland Paris

In 2010, the Marriott Vacation Club Destinations program was introduced. The Destinations program allows owners to redeem Vacation Club Points for stays at Marriott Vacation Club resorts, Marriott hotels, travel packages and resorts through Interval International.[4]

In 2016, Marriott Vacation Club introduced the Marriott Vacation Club Pulse brand. These properties, set in urban locations, are designed for shorter stays. The brand launched with locations in New York City, San Diego, South Beach, Washington, DC and Boston.[5]

As of 2018, Marriott Vacation Club is one of 4 brands that includes Marriott Vacation Club Pulse, The Ritz-Carlton Destination Club and Grand Residences by Marriott.[6] There are around 70 Marriott Vacation Club branded resorts throughout the world, including three resorts in Spain (Costa del Sol, Mallorca and Marbella) one in France (near Paris) and three in Thailand (one in Bangkok and two in Phuket).

Structure

[edit]

Originally, Marriott Vacation Club properties were sold as weeks. A "fixed week" granted the owner the right to use their villa during a specific week each year (such as week 52, which includes New Year's Eve), or the right to use their villa during a specific "season" (defined on a per-resort basis), which granted the owner the right to reserve their villa for any available week within that season. Weeks at some properties could be split, enabling a non-consecutive four-night stay and three-night stay. Weeks could be exchanged for Marriott Rewards (now Marriott Bonvoy) points. Finally, owners of multi-room villas, such as a two-bedroom lockoff, could split the unit itself and book each half as a separate reservation. Notably, owners cannot reserve villas at other properties without exchanging them through Interval International (II). "Weeks owners," as they are called, pay annual maintenance fees that cover maintenance and refurbishment at the resort.[citation needed]

The Marriott Vacation Club Destinations program changed this structure. Owners now purchase points at a particular property, which can be "spent" to reserve a villa for a given number of nights during a given season. Villa "pricing," in points, differs based on the size of the unit and the season. Points can also be used to reserve villas at other properties, without having to exchange through II. "Points owners," as they are called, pay annual dues, which cover maintenance and refurbishment, much like maintenance fees for weeks owners.[citation needed]

"Weeks" owners can "enroll" their week(s), for a fee, into the Destinations program, effectively converting their week(s) into points on an annual basis.[citation needed]

Marriott Vacation Club continues to sell weeks at some properties, particularly when they acquire weeks from owners wishing to sell them. Marriott Vacation Club has a contractual "right of first refusal" on all resales. If an owner obtains a purchase agreement for their week(s), Marriott Vacation Club can choose to pay the agreed-upon purchase price to obtain the week(s), effectively cancelling the sale. This approach can have the effect of keeping an owner from selling for below market value, since Marriott Vacation Club can effectively take the week(s) "off the market."

Each Marriott Vacation Club property effectively has up to two inventories of villas. Older properties' inventories consist mainly of "weeks owners." Newer properties' inventories consist mainly of points, wherein all available points are owned by a Marriott Vacation Club-controlled trust, and made available to owners who purchased under the Destinations program. Many properties have inventory of both weeks and points. It is important for owners to understand that these two inventories do not intermingle. For example, suppose an owner purchased 2,000 points at Property A, and wished to occupy a villa at Property B. Property B is an older property that was 100% sold-out as weeks. The owner will probably be unsuccessful, because there is no "points inventory" at Property B from which to fulfill their request.[7][8] It is important for prospective owners to fully understand the differences between the inventories and to ensure their purchase will afford them the occupancy they desire.

The creation of the Destinations program has been controversial and resulted in lawsuits.[9]

Similar programs

[edit]

Properties

[edit]
Marriott Vacation Club Resort Properties[10]
Property Location
Marriott Grand Residence Club, Lake Tahoe South Lake Tahoe, California, USA
Marriott Vacation Club Pulse at Custom House, Boston Boston, Massachusetts, USA
Marriott Vacation Club Pulse at The Mayflower, Washington, D.C. Washington, District Of Columbia, USA
Marriott Vacation Club Pulse, New York City New York City, New York, USA
Marriott Vacation Club Pulse, San Diego San Diego, California, USA
Marriott Vacation Club Pulse, San Francisco San Francisco, California, USA
Marriott Vacation Club Pulse, South Beach South Beach, Florida, USA
Marriott Vacation Club at Surfers Paradise Surfers Paradise, Queensland, Australia
Marriott Vacation Club at The Empire Place Sathorn, Bangkok, Thailand
Marriott Vacation Club at Los Sueños Herradura, Puntarenas, Costa Rica
Marriott's Aruba Ocean Club Palm Beach, Noord, Aruba
Marriott's Aruba Surf Club Palm Beach, Noord, Aruba
Marriott's Bali Nusa Dua Gardens Nusa Dua, Bali, Indonesia
Marriott's Bali Nusa Dua Terrace Nusa Dua, Bali, Indonesia
Marriott's Barony Beach Club Hilton Head Island, South Carolina, USA
Marriott's BeachPlace Towers Fort Lauderdale, Florida, USA
Marriott's Canyon Villas Phoenix, Arizona, USA
Marriott's Club Son Antem Mallorca, Balearic Islands, Spain
Marriott's Crystal Shores Marco Island, Florida, USA
Marriott's Cypress Harbour Orlando, Florida, USA
Marriott's Desert Springs Villas Palm Desert, California, USA
Marriott's Desert Springs Villas II Palm Desert, California, USA
Marriott's Fairway Villas Absecon, New Jersey, USA
Marriott's Frenchman's Cove St. Thomas, U.S. Virgin Islands, USA
Marriott's Grand Chateau Las Vegas, Nevada, USA
Marriott's Grande Ocean Hilton Head Island, South Carolina, USA
Marriott's Grande Vista Orlando, Florida, USA
Marriott's Harbour Club Hilton Head Island, South Carolina, USA
Marriott's Harbour Lake Orlando, Florida, USA
Marriott's Harbour Point Hilton Head Island, South Carolina, USA
Marriott's Heritage Club Hilton Head Island, South Carolina, USA
Marriott's Imperial Palms Orlando, Florida, USA
Marriott's Kauai Beach Club Lihue, Kauai, Hawaii, USA
Marriott's Kauai Lagoons - Kalanipuʻu Lihue, Kauai, Hawaii, USA
Marriott's Ko Olina Beach Club Kapolei, Oahu, Hawaii, USA
Marriott's Lakeshore Reserve Orlando, Florida, USA
Marriott's Legends Edge at Bay Point Panama City, Florida, USA
Marriott's Mai Khao Beach - Phuket Mai Khao, Phuket, Thailand
Marriott's Manor Club Williamsburg, Virginia, USA
Marriott's Marbella Beach Resort Marbella, Andalusia, Spain
Marriott's Maui Ocean Club Lahaina, Maui, Hawaii, USA
Marriott's Monarch Hilton Head Island, South Carolina, USA
Marriott's Mountain Valley Lodge Breckenridge, Colorado, USA
Marriott's MountainSide Park City, Utah, USA
Marriott's Newport Coast Villas Newport Coast, California, USA
Marriott's Ocean Pointe Palm Beach Shores, Florida, USA
Marriott's Oceana Palms Riviera Beach, Florida, USA
Marriott's OceanWatch at Grande Dunes Myrtle Beach, South Carolina, USA
Marriott's Phuket Beach Club Mai Khao, Phuket, Thailand
Marriott's Playa Andaluza Estepona, Andalusia, Spain
Marriott's Royal Palms Orlando, Florida, USA
Marriott's Sabal Palms Orlando, Florida, USA
Marriott's Shadow Ridge Palm Desert, California, USA
Marriott's St. Kitts Beach Club St. Peter Basseterre, St. Kitts, St. Kitts and Nevis
Marriott's StreamSide Vail, Colorado, USA
Marriott's Summit Watch Park City, Utah, USA
Marriott's Sunset Pointe Hilton Head Island, South Carolina, USA
Marriott's SurfWatch Hilton Head Island, South Carolina, USA
Marriott's Timber Lodge South Lake Tahoe, California, USA
Marriott's Village d'Ile-de-France Bailly-Romainvilliers, Île-de-France, France
Marriott's Villas at Doral Doral, Florida, USA
Marriott's Waikoloa Ocean Club Waikoloa Beach, Hawaii, Hawaii, USA
Marriott's Waiohai Beach Club Koloa, Kauai, Hawaii, USA
Marriott's Willow Ridge Lodge Branson, Missouri, USA
The Ritz-Carlton Club and Residences, San Francisco San Francisco, California, USA
The Ritz-Carlton Club, Aspen Highlands Aspen, Colorado, USA
The Ritz-Carlton Club, Lake Tahoe Truckee, California, USA
The Ritz-Carlton Club, St. Thomas St. Thomas, U.S. Virgin Islands, USA
The Ritz-Carlton Club, Vail Vail, Colorado, USA

See also

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References

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  1. ^ "Our Brands".
  2. ^ "Marriott plans St. Kitts timeshares". Washington Business Journal.
  3. ^ "Marriott Vacation Club - Vacation Ownership Timeshare".
  4. ^ "Marriott Vacation Club Introduces New Vacation Ownership Program".
  5. ^ "Marriott Vacation Club Pulse Bringing Guests Closer to the Heart of it All".
  6. ^ "Marriott Vacations Worldwide Corporation Launches as a Separate Public Company". 22 November 2011. Retrieved 8 March 2013.
  7. ^ "Enrolled Club Points vs. Trust Points". 1 March 2011. Retrieved 9 March 2019.
  8. ^ "Marriott Vacation Club: An In-Depth Overview". 30 June 2018. Retrieved 9 March 2019.
  9. ^ "Engineering the law: Marriott Vacations Worldwide's class-action timeshare battle". 26 October 2017. Retrieved 9 March 2019.
  10. ^ "Marriott Vacation Club Official Site". www.marriottvacationclub.com. Retrieved 2018-08-05.
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