• The TUGBBS forums are completely free and open to the public and exist as the absolute best place for owners to get help and advice about their timeshares for more than 30 years!

    Join Tens of Thousands of other Owners just like you here to get any and all Timeshare questions answered 24 hours a day!
  • TUG started 30 years ago in October 1993 as a group of regular Timeshare owners just like you!

    Read about our 30th anniversary: Happy 30th Birthday TUG!
  • TUG has a YouTube Channel to produce weekly short informative videos on popular Timeshare topics!

    Free memberships for every 50 subscribers!

    Visit TUG on Youtube!
  • TUG has now saved timeshare owners more than $21,000,000 dollars just by finding us in time to rescind a new Timeshare purchase! A truly incredible milestone!

    Read more here: TUG saves owners more than $21 Million dollars
  • Sign up to get the TUG Newsletter for free!

    60,000+ subscribing owners! A weekly recap of the best Timeshare resort reviews and the most popular topics discussed by owners!
  • Our official "end my sales presentation early" T-shirts are available again! Also come with the option for a free membership extension with purchase to offset the cost!

    All T-shirt options here!
  • A few of the most common links here on the forums for newbies and guests!

Right of First Refusal

carpie99

TUG Member
Joined
Jan 10, 2011
Messages
536
Reaction score
188
Points
253
Location
Charlotte, NC
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?
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
57,672
Reaction score
9,093
Points
1,849
Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
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.
 

carpie99

TUG Member
Joined
Jan 10, 2011
Messages
536
Reaction score
188
Points
253
Location
Charlotte, NC
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.

Which resorts have ROFR?
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
57,672
Reaction score
9,093
Points
1,849
Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
Which resorts have ROFR?

There is a list in the Starwood Owner Resources sticky at the top of the forum, under the buying and selling sub-heading.
 

gtm2011

TUG Member
Joined
Jun 29, 2011
Messages
133
Reaction score
0
Points
226
Location
TX
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.
 

DeniseM

Moderator
Joined
Jun 6, 2005
Messages
57,672
Reaction score
9,093
Points
1,849
Resorts Owned
WKORV, WKV, 2-SDO, 4-Kauai Beach Villas, Island Park Village (Yellowstone), Hyatt High Sierra, Dolphin's Cove (Anaheim)
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.

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.
 

Creative

TUG Member
Joined
Apr 27, 2012
Messages
24
Reaction score
3
Points
213
Location
London
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.:)
 

Fredm

TUG Member
Joined
Jul 30, 2005
Messages
1,782
Reaction score
8
Points
248
Location
Palm Desert, CA
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.

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.
 
Top