For Marriott Destinations Club members, a Beneficial Interest (BI) denotes a 250-Point grouping of Destination Club Points. For example, a 2,000 point ownership would be composed of 8 beneficial interests. Beneficial interests refer to the number of “shares” a member owns of the MVC Trust that encapsulates all Marriott Vacation Club resorts.
Throughout your Marriott Destinations Club timeshare purchase, you may see documentation that refers to your membership using a measure of Beneficial Interests as opposed to the number of individual Destinations Club points. The amount of Beneficial Interests you are allotted will correlate directly with the amount of points that you can use to book as well as your annual maintenance fees each year.
Why Does Marriott Use The Term Beneficial Interest?
In order to legally group all of the Marriott Vacation Club resorts that can be accessed with Destination Club points, Marriott has set up a Florida land trust that is known as the MVC Trust. By purchasing membership into the Destination Club program, you will own Beneficial Interests in the MVC Trust.
The trust is legally considered a deeded real estate interest, which can be passed from generation to generation during the term of the trust, but it varies from many of the other timeshare products that work by deeding a specific season at a specific home resort to you, then assigning that deeded week a number of points that can be used at other resorts. Marriott uses what is referred to in the timeshare industry as a “pure points” arrangement with the use of the MVC trust.
