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Right of First Refusal

C

carpie99

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Can someone link what the RoFR policy is ... how much work should I do on trying to find a timeshare resale if Starwood can come in at the last minute and void my deal?
 
If a resort has ROFR, the seller, or their agent, must offer the timeshare to Starwood before the sale can be completed. If Starwood chooses to exercise ROFR, they pay the seller the same price, and the buyer simply walks away.

There is no way to know at what price Starwood will exercise ROFR, except anecdotal evidence, they don't reveal that info.

As a buyer - you have nothing to lose by making an offer on a resale - if Starwood exercises ROFR - you lose nothing but a little time. However, Starwood cherry picks the best deals - the definitely don't exercise ROFR on all sales.
 
DeniseM said:
If a resort has ROFR, the seller, or their agent, must offer the timeshare to Starwood before the sale can be completed. If Starwood chooses to exercise ROFR, they pay the seller the same price, and the buyer simply walks away.

There is no way to know at what price Starwood will exercise ROFR, except anecdotal evidence, they don't reveal that info.

As a buyer - you have nothing to lose by making an offer on a resale - if Starwood exercises ROFR - you lose nothing but a little time. However, Starwood cherry picks the best deals - the definitely don't exercise ROFR on all sales.
Click to expand...

Which resorts have ROFR?
 
carpie99 said:
Which resorts have ROFR?
Click to expand...

There is a list in the Starwood Owner Resources sticky at the top of the forum, under the buying and selling sub-heading.
 
I only see four resorts listed in the sticky. Does anyone know why they don't do it at all the new resorts, like Cancun and Avon (Riverfront)? It wouldn't be a good thing for us, but I could see where Starwood would benefit.
 
gtm2011 said:
I only see four resorts listed in the sticky. Does anyone know why they don't do it at all the new resorts, like Cancun and Avon (Riverfront)? It wouldn't be a good thing for us, but I could see where Starwood would benefit.
Click to expand...

The sticky was written before Cancun and Riverfront opened, and the person who wrote it (former Starwood employee) no longer posts on TUG, so I'm not sure if they have ROFR or not. Hopefully, one of our resellers will update us.
 
Rofr at WLR cancun

i have just completed on two separate 1 bed plat plus units at WLR, one from ebay $1000 plus closing fee and one $2500 including closing cost. No Rofr exercised.:)
 
DeniseM said:
The sticky was written before Cancun and Riverfront opened, and the person who wrote it (former Starwood employee) no longer posts on TUG, so I'm not sure if they have ROFR or not. Hopefully, one of our resellers will update us.
Click to expand...

Posted an update in another thread a couple of days ago.

Currently there are only four resorts with ROFR, per Starwood's verifications department:

WKORV, WKORV/N, WPORV, and WMH.

I had previously posted that WDW had an ROFR. But, I was mistaken.
 
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