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Developer Price Increase-MNCV

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  • Developer Price Increase-MNCV

    Just received an unsolicited notice from a salesperson at Marriott regarding price increases at Newport Coast.

    Annual Gold Units currently at $28.5K are going to $31.9K

    Annual Platinum Units currently at $31.5K are going to $36.5K



    Price increases to be effective June 15, 2006.

    Wonder how this will effect resales? It appears that the lowest advertised Platinum Weeks have been creeping above $17K lately. I've seen Gold Weeks down in the $11.5K to $12K range.

    I have not heard that Marriott has exercised its ROFR on resales at MNCV, but they have at other resorts.

  • #2
    Time to sell?

    FWIW, developer Gold was 21.5 and Platinum was 24.5 in 2003. IIRC, developer pre-construction was at or below current resale.

    Glad we got in there when we did...

    Thank you very much for the update...

    Pat

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