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my travel website: Vacation-Times.org.
"A vacation is what you take when you can no longer take what you’ve been taking."
~Earl Wilson -
Going forward, since all the formerly unsold MVCI properties are now in trust, Marriott *may* see substantially reduced income from the rental of those properties on the hotel side of their P&L. I noted elsewhere that whole sections of 2011 availability at MVCI properties is gone from MARSHA. If this is evidence of change, that number will be relevant moving forward.
Also, there are the costs and extended liability of foreclosing on delinquent timeshare deeds of trust/mortgages, which I expect to remain static or even increase. Our resort alone has bugdeted nearly .5MM just to cover delinquent MF's, an increase over last year due to actual numbers exceeding the previous estimate and, where MF's aren't paid, there likely is an unpaid mortgage to follow/precede.
I'm a MAR shareholder but haven't followed their performance in detail in the past couple years due to other responsibilities. Thanks for reminding me that this (looking at the reports) is one of them
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