Whats the difference between...

[Xolodno Member Find all posts View Profile Close Xolodno]

Whats the difference between Trendwest vs. Worldmark vs Fairfield vs. Wyndham?

Does owning at one brand make it more difficult to "trade" with another brand in their family?

Also noticed on Ebay that some advertise points...but with a specific resort? errr...am I missing something here?

Why I ask....next year our company converts to a PTO system....I'll have 29 days of vacation, up from 18. Sooooo, I'm considering purchasing resale, but would like to branch out a bit with a different company instead of Diamond and have RCI as an option in addition to II.....although, don't think I'll ever an exchange anytime soon.

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

Whats the difference between Trendwest vs. Worldmark vs Fairfield vs. Wyndham?

Does owning at one brand make it more difficult to "trade" with another brand in their family?

Also noticed on Ebay that some advertise points...but with a specific resort? errr...am I missing something here?

Why I ask....next year our company converts to a PTO system....I'll have 29 days of vacation, up from 18. Sooooo, I'm considering purchasing resale, but would like to branch out a bit with a different company instead of Diamond and have RCI as an option in addition to II.....although, don't think I'll ever an exchange anytime soon.

WorldMark the Club is a separate timeshare company with 250,000+ owners. It is a point based system, no home resorts. Every owner has equal access to every WM resort in the system.

Trendwest was the name of the developer of WM resorts. Trendwest changed its name to Wyndham by WorldMark.

Wyndham is Wyndham Vacation Resorts, a separate timeshare company. It has about 500,000 owners. Wyndham used to be known as Fairfield Vacation Resorts. Same company, same resorts, change of name only. It has both fixed week timeshares and a point timeshare program. Its point system is known as Fairshare Plus. The FSP system is based on deeded ownership at different Wyn resorts (home resorts). Owners at these home resorts have a 3 month preference to book units at 13 to 10 months before check in. You can own points based on a fixed or float week that was assigned to the FSP program or an Undivided Interest deed that is based on a percentage of FSP points for the whole resort. The biggest difference between an UDI deed and a converted week deed is how and when you can reserve during the 13 to 10 month preference period. From 10 months in, points are points.

HTH.

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

Oy, I have a headache after trying to follow all that.

I'll know who to ask if I ever need a questioned answered, tho.

WorldMark the Club is a separate timeshare company with 250,000+ owners. It is a point based system, no home resorts. Everyone owner has equal access to every WM resort in the system.

Trendwest was the name of the developer of WM resorts. Trendwest changed its name to Wyndham by WorldMark.

Wyndham is Wyndham Vacation Resorts, a separate timeshare company. It has about 500,000 owners. Wyndham used to be known as Fairfield Vacation Resorts. Same company, same resorts, change of name only. It both fixed week timeshares and a point timeshare program. Its point system is known as Fairshare Plus. The FSP system is based on deeded ownership at different Wyn resorts (home resorts). Owners at these home resorts have a 3 month preference to book units at 13 to 10 months before check in. You can have points based on a fixed or float week that was assigned to the FSP program or a Undivided Interest deed that is based on a percentage of FSP points for the whole resort. The biggest difference between an UDI deed and a converted week deed is how and when you can reserve during the 13 to 10 month preference period. From 10 months in, points are points.

HTH.

[Jya-Ning Silver Contributor Find all posts View Profile Close Jya-Ning]

On most resell ad, Tendwest is the same as WorldMark. Sometimes Fairfield is the same as Wyndham, sometimes, it is not. Fairfield is usually deeded on special resort, and it may or may not be point based. WM is club base, no home resort. So read ad carefully.

Have one or the other does not make exchange more difficulty or more easily. They are treat as 2 seperate company usually.

Jya-Ning

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

Oy, I have a headache after trying to follow all that.

I'll know who to ask if I ever need a questioned answered, tho.

I actualy understood everything Mike said - he is an EXCELLENT teacher and he cooks, too!

[rikkis_playpen Diamond Club Contributor Find all posts View Profile Close rikkis_playpen]

Just a quick point a newbie may need to know about Wyndham Vacation Club converted contracts (where the deed shows a week but the owner gets points). They have one big drawback- if the m. fees ever fall behind by 3 months- the developer has the right to cancel the point priviledge.

This is something to be very aware of, especially if you are buying resale! Some closing agents disburse money and the "congrats it is closed" letter when the deed is sent to recording.. If the seller stops the automatic draft- and there is a delay with the resort notification- Wyndham will still complete the transfer but cancel the point priviledge and try to get the buyer to reconvert..

I believe the conversion cost is still around $2,300.

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

Just a quick point a newbie may need to know about Wyndham Vacation Club converted contracts (where the deed shows a week but the owner gets points). They have one big drawback- if the m. fees ever fall behind by 3 months- the developer has the right to cancel the point priviledge.

This is something to be very aware of, especially if you are buying resale! Some closing agents disburse money and the "congrats it is closed" letter when the deed is sent to recording.. If the seller stops the automatic draft- and there is a delay with the resort notification- Wyndham will still complete the transfer but cancel the point priviledge and try to get the buyer to reconvert..

I believe the conversion cost is still around $2,300.

Have you had this happen?

My experience buying several () converted fixed and float weeks has not been as described above. In fact, normally, Wyn will send a MF bill with my welcome new owner letter. The FSP points are assigned to the Fairshare Vacation Owner Association Trust for the deed week. The terms and conditions of that assignment control both the owner's and Wyn's actions. The assignment specifically allow transfer of the deed and FSP assignment to a new resale owner. I know that the assignments I have do not mention anything about a 3 month period. In fact, the assignment only speaks to an owner defaulting under a purchase contract in order to allow Wyn to cancel the assignment.

[Xolodno Member Find all posts View Profile Close Xolodno]

WorldMark the Club is a separate timeshare company with 250,000+ owners. It is a point based system, no home resorts. Every owner has equal access to every WM resort in the system.

Trendwest was the name of the developer of WM resorts. Trendwest changed its name to Wyndham by WorldMark.

Wyndham is Wyndham Vacation Resorts, a separate timeshare company. It has about 500,000 owners. Wyndham used to be known as Fairfield Vacation Resorts. Same company, same resorts, change of name only. It has both fixed week timeshares and a point timeshare program. Its point system is known as Fairshare Plus. The FSP system is based on deeded ownership at different Wyn resorts (home resorts). Owners at these home resorts have a 3 month preference to book units at 13 to 10 months before check in. You can own points based on a fixed or float week that was assigned to the FSP program or an Undivided Interest deed that is based on a percentage of FSP points for the whole resort. The biggest difference between an UDI deed and a converted week deed is how and when you can reserve during the 13 to 10 month preference period. From 10 months in, points are points.

HTH.

That was very helpful! Thank You. And its nice to know I am not losing my mental faculties when I got totally cross-eyed trying to figure all this out.