Introduction
Vistana and Marriott Vacation Club have announced that they will be merging in the near future. This merger is sure to have a major impact on owners of both companies, and it is important to understand the implications of this decision. This article will provide an overview of the merger, discuss its potential benefits and drawbacks, and offer some insight into how it may affect current and future owners.
Background on Vistana and Marriott Vacation Club
Vistana is a timeshare company that has been in business since 1989. It operates 13 resorts in the United States and one in St. Thomas. Its resorts feature spacious villas and luxurious amenities. Marriott Vacation Club is a division of Marriott International, Inc., which is one of the largest hospitality companies in the world. The company operates dozens of resorts around the globe, all of which feature upscale accommodations and amenities.
Overview of the Merger
The merger between Vistana and Marriott Vacation Club was announced in August 2020. Under the terms of the agreement, Vistana will become a wholly-owned subsidiary of Marriott Vacation Club. This means that all of Vistana’s assets, including its resorts and ownership contracts, will be transferred to Marriott Vacation Club. Owners of Vistana resorts will become members of Marriott Vacation Club, and their existing contracts will be honored.
Benefits of the Merger
The merger between Vistana and Marriott Vacation Club is expected to bring a number of benefits to owners. These include:
Expanded Network of Resorts
One of the most significant benefits of the merger is the expanded network of resorts that it will create. Owners of Vistana resorts will now have access to dozens of Marriott Vacation Club resorts around the world. This will allow them to enjoy more destinations and experiences than ever before.
Increased Flexibility for Owners
The merger will also provide owners with increased flexibility when it comes to booking vacations. Owners of Vistana resorts will now be able to book vacations at any Marriott Vacation Club resort, giving them access to a much larger pool of destinations. Additionally, owners of Marriott Vacation Club resorts will now have access to Vistana’s 13 resorts in the United States and St. Thomas.
Enhanced Exchange Opportunities
The merger will also provide owners with enhanced exchange opportunities. Owners of Marriott Vacation Club resorts will now have access to Vistana’s exchange program, and vice versa. This will allow owners to explore even more destinations and experiences when planning their vacations.
How the Merger Affects Ownership Rights
The merger between Vistana and Marriott Vacation Club will also have an impact on ownership rights. Here are a few things to consider:
Increased Availability of Points-Based Ownership
One of the biggest changes is that owners of Vistana resorts will now have access to a points-based ownership system similar to the one used by Marriott Vacation Club. This system allows owners to use points to book vacations at any Marriott Vacation Club or Vistana resort. This gives owners more flexibility and control over their vacation plans.
Changes to Existing Contracts
The merger may also lead to changes in existing contracts. Owners of Vistana resorts may see changes to their contracts, such as different fees or additional restrictions. It is important to review any changes carefully to make sure that they are beneficial.
Impact on Ownership Fees
The merger may also lead to changes in ownership fees. Owners of Vistana resorts may see an increase in their annual fees, as Marriott Vacation Club typically charges higher fees than Vistana. It is important to understand any changes to fees before signing a new contract.
Pros and Cons of the Merger
The merger between Vistana and Marriott Vacation Club is sure to bring many benefits to owners. However, it is important to consider both the pros and cons before making a decision. Here are some of the potential benefits and drawbacks of the merger:
Benefits of the Merger
The merger between Vistana and Marriott Vacation Club is expected to bring a number of benefits to owners. These include an expanded network of resorts, increased flexibility for owners, and enhanced exchange opportunities. Additionally, owners of Vistana resorts will now have access to a points-based ownership system.
Potential Downsides of the Merger
Although the merger is expected to bring many benefits to owners, there are also potential downsides to consider. These include changes to existing contracts, an increase in ownership fees, and the potential for confusion due to the transition. It is important to understand the potential risks before making a decision.
Conclusion
The merger between Vistana and Marriott Vacation Club is sure to bring many benefits to owners. These include an expanded network of resorts, increased flexibility for owners, and enhanced exchange opportunities. Additionally, owners of Vistana resorts will now have access to a points-based ownership system. However, there are potential downsides to consider as well, such as changes to existing contracts, an increase in ownership fees, and the potential for confusion due to the transition.
Overall, the merger between Vistana and Marriott Vacation Club is expected to bring many benefits to owners. However, it is important to understand the potential risks before making a decision.
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