Marriott Waiver of ROFR Fee $95

[Marti Super Moderator Find all posts View Profile Close Marti]

Effective January 1, 2007

Fee to purchaser for Marriott’s issuing
a Waiver of its Right of First Refusal

“ROFR” - $95

[timeos2 Senior Member Find all posts View Profile Close timeos2]

That is a low blow

Effective January 1, 2007

Fee to purchaser for Marriott’s issuing
a Waiver of its Right of First Refusal

“ROFR” - $95

You have GOT to be kidding! ROFR isn't already owner unfriendly enough so they are Disneyizing it with unfair fees? I love Marriott resorts but now I'm glad I never bought one. That is a Westgate move unworthy of a (usually) class organization like Marriott. That's strike two - they already have a black eye for the propensity to walk away from resorts they grow tired of. When will the batter strike out? Is there another surprise waiting in the wings?

[camachinist Super Moderator Find all posts View Profile Close camachinist]

Is there another surprise waiting in the wings?

Points........

Pat

[rubin Senior Member Find all posts View Profile Close rubin]

Points........

Pat

Speaking of which - any recent news/ rumors/ speculation/ innuendo on this topic?

[camachinist Super Moderator Find all posts View Profile Close camachinist]

Definitely OT and a completely different kind of points, but I just read, and I hope erroneously, that NCV now offers Platinum purchasers 125K points (compared to 110 when we bought) for surrendering their weeks. If Marriott thinks they have problems with their botched PFP program, just wait until they start playing fast and loose with points, whether MRP's or MVCI points. It'll then be time to short MAR, IMO, given all the other issues I've seen in the last year or so...

Is that enough inuendo?

Pat

[gores95 Junior Member Find all posts View Profile Close gores95]

FWIW I closed on a resale Surf Club unit on 1/19/07 with Shelley from Transaction Realty and did not have to pay the ROFR fee. I asked her about it and she told me that since the contract was signed back in 2006 I would not have to pay. Perhaps Marriott is not holding hard and fast to this fee?

[m61376 Senior Member Find all posts View Profile Close m61376]

FWIW I closed on a resale Surf Club unit on 1/19/07 with Shelley from Transaction Realty and did not have to pay the ROFR fee. I asked her about it and she told me that since the contract was signed back in 2006 I would not have to pay. Perhaps Marriott is not holding hard and fast to this fee?

Was the ROFR requested in December then- because that would make sense for them not to charge the new fee.

[GrayFal Silver Contributor and supermoderator Find all posts View Profile Close GrayFal]

The ROFR is the FIRST thing the closing company does, because if Marriott decides to purchase the unit, nothing else happens for the closing company.

I think it is OUTRAGOUS that Marriott charge this fee.

[dioxide45 Member Find all posts View Profile Close dioxide45]

The ROFR is the FIRST thing the closing company does, because if Marriott decides to purchase the unit, nothing else happens for the closing company.

I think it is OUTRAGOUS that Marriott charge this fee.

Personally I think they should have just added it to the transfer fee. In order to transfer ownership the unit has to pass through ROFR. While people would still be upset, it wouldn't be to the same degree.