Sheraton Steamboat Springs

cubigbird · Jul 28, 2014

I have rarely seen this property discussed on the BBS nor have I ever seen any resale weeks listed - TUG Marketplace, Ebay etc. Is this property just THAT good that it is impossible to see resale weeks? I know they are a voluntary resort, but I assume it is just as hard to book as WRF??? I am guessing it is a smaller resort so supply is lower??? Can someone elaborate more about this location?

Ken555 · Jul 28, 2014

It's a new resort. Wait a few years and you'll see more mention of it.

cubigbird · Jul 28, 2014

How new?? Was it a Starwood new construction or a conversion from another owner?? I assume then it is still in active sales?? I wonder how it trades vs say WRF and SMV.

DeniseM · Jul 28, 2014

Starwood construction - I have sales info. as early as 2008.

This is a property that's mostly of interest to skiiers, and for some reason, you don't see a lot of discussion about ski resorts here.

I haven't seen the maintenance fee for a few years, but as a newer property, I'd guess that the maintenance fee is high, which precludes it from being an efficient trader.

The MF on the chart above doesn't look bad, but remember this was 6 years ago, and historically, Starwood subsidizes MF's during active sales, and then the MF increases rapidly.

Ken555 · Jul 29, 2014

I don't believe they opened until a couple of years ago, though I'm not sure exactly. They also don't have 1-bed or studio units, so the cost of obtaining them is higher than most other SVN properties. I'd be surprised if you find this property or Westin Riverfront in II much at all.

uscav8r · Jul 29, 2014

DeniseM said:
Starwood construction - I have sales info. as early as 2008...

....

I know you have mentioned Event Weeks before, but how can Starwood list the Plat+ as including weeks 48-52... if they really don't (which I assume because of the disparity in prices)? Does that simply mean you have a right to book for weeks 51/52, but with an added fee?

djp · Jul 29, 2014

It is a really nice resort. Been open I think for at least 4 or 5 years- I was there 3 years ago in a 3 bedroom and it was the largest unit I had ever been in- over 1800 sq feet and really nice. I am sure you could find a resale mud season week and likely a summer week- but being the only true ski in ski out svn resort the ski weeks will be hard to come by and expensive even resale.

scootr5 · Jul 29, 2014

uscav8r said:
I know you have mentioned Event Weeks before, but how can Starwood list the Plat+ as including weeks 48-52... if they really don't (which I assume because of the disparity in prices)? Does that simply mean you have a right to book for weeks 51/52, but with an added fee?

With most properties the Declarations specify how many units can be sold as event weeks. It's usually a max of 50% of the inventory for the week, so the other 50% would be open to float owners for those weeks.

ptcflyer · Jul 29, 2014

I own 2 BR EOY Platinum PLUS Season at Steamboat Springs.

We used our Starpoints for several years at the Sheraton Hotel. We love the resort and enjoy our ski vacation there. When the Villas were converted to Timeshare, we bought.

When we purchased in 2007, it was a lot less than the above pricing. However, we paid an extra $2,000 to lock in Presidents Week. I can lock in our week 12 months out without having to play any games. Next to Christmas, it is amongst the most popular weeks for renting out or, I suppose, resale. Total was around $26K.

It is almost impossible to trade into. They hold back a lot of inventory and rent it out at $500 - $1,000 per night during peak season.

This is an awesome property. The villas are wonderfully spacious. The two bedroom is really a mountain view, even though the literature says "valley view".
The interior appointments are excellent. You are just a few steps away... or a glide or two on skis from the main lift to the mountain. All of the mountain action is right within sight of the villa. It has to be the best location in all of Steamboat.

There are several large, recently redone, hot tubs on the top of roof. The service at the Sheraton is very good, with free transportation to town on the shuttle. Crowds are very modest as compared to other resorts along I 70.

There are only 7 2 Bedroom Units and 14 3 Bedroom units on the property.

When we purchased, we got the usual ton of Starpoints and options to get more. This is our second property. I am not a fan of our first timeshare purchase WMH, but this one was a good purchase IMHO... and it is good to have the best property during a popular week locked in at TimeShare value.

Maintenance Fees are around $800 for EOY.

This property rents out very well.... and it is one where you can make good money if you choose not to use it. Trading in for starpoints or other resorts makes very little financial sense.

Hope this helps.

uscav8r · Jul 29, 2014

scootr5 said:
With most properties the Declarations specify how many units can be sold as event weeks. It's usually a max of 50% of the inventory for the week, so the other 50% would be open to float owners for those weeks.

ptcflyer said:
I own 2 BR EOY Platinum PLUS Season at Steamboat Springs.

...

There are only 7 2 Bedroom Units and 14 3 Bedroom units on the property.

When we purchased, we got the usual ton of Starpoints and options to get more. This is our second property. I am not a fan of our first timeshare purchase WMH, but this one was a good purchase IMHO... and it is good to have the best property during a popular week locked in at TimeShare value.

Maintenance Fees are around $800 for EOY.

This property rents out very well.... and it is one where you can make good money if you choose not to use it. Trading in for starpoints or other resorts makes very little financial sense.

Hope this helps.

I am not the OP, but that is about the most TUG info I have ever seen WRT Sheraton Steamboat ownership. Thanks for sharing!

scootr5 · Jul 29, 2014

Please don't misunderstand my post - I'm not saying that's how Steamboat handles their event weeks, only that's how I've usually read of it being done. you could get the Declarations that were recorded with the county, and that would spell it out for that particular resort.

For instance, I seem to recall a discussion of event weeks at WLR. If I remember correctly Phase one was sold as 50% percent max for the week, but the documents for Phase 2 didn't have that limitation; they could have all been potentially sold as fixed for that week. Several of the New Orleans resorts have event weeks that are the entire inventory for the week, not just a percentage.

cubigbird · Jul 29, 2014

ptcflyer said:
I own 2 BR EOY Platinum PLUS Season at Steamboat Springs.

We used our Starpoints for several years at the Sheraton Hotel. We love the resort and enjoy our ski vacation there. When the Villas were converted to Timeshare, we bought.

When we purchased in 2007, it was a lot less than the above pricing. However, we paid an extra $2,000 to lock in Presidents Week. I can lock in our week 12 months out without having to play any games. Next to Christmas, it is amongst the most popular weeks for renting out or, I suppose, resale. Total was around $26K.

It is almost impossible to trade into. They hold back a lot of inventory and rent it out at $500 - $1,000 per night during peak season.

This is an awesome property. The villas are wonderfully spacious. The two bedroom is really a mountain view, even though the literature says "valley view".
The interior appointments are excellent. You are just a few steps away... or a glide or two on skis from the main lift to the mountain. All of the mountain action is right within sight of the villa. It has to be the best location in all of Steamboat.

There are several large, recently redone, hot tubs on the top of roof. The service at the Sheraton is very good, with free transportation to town on the shuttle. Crowds are very modest as compared to other resorts along I 70.

There are only 7 2 Bedroom Units and 14 3 Bedroom units on the property.

When we purchased, we got the usual ton of Starpoints and options to get more. This is our second property. I am not a fan of our first timeshare purchase WMH, but this one was a good purchase IMHO... and it is good to have the best property during a popular week locked in at TimeShare value.

Maintenance Fees are around $800 for EOY.

This property rents out very well.... and it is one where you can make good money if you choose not to use it. Trading in for starpoints or other resorts makes very little financial sense.

Hope this helps.

I am the OP and this is exactly what I was asking for. With that, at what pace have the MF increased?? I know these units are hard to find but are they in active sales?? No not looking to buy just doing research. If you do rent here, or even own, can you get a hook up of discounted tickets??? Great information above on this resort!!!!

Bob808 · Aug 6, 2014

How does this property compare to Avon?

TUGBrian · Nov 7, 2014

was actually just in putting in some updates to this resort, hasnt been reviewed since 2012....hopefully the owners in this post will submit a new review! (worth 6months free membership)

jlp879 · Nov 8, 2014

There's one unit for sale in the TUG Marketplace currently.

$8,000 for a two bedroom.

spuppy · Nov 11, 2014

Bob808 said:
How does this property compare to Avon?

There is some discussion on Steamboat versus AVON in this thread:

http://tugbbs.com/forums/showthread.php?t=138592

Sheraton Steamboat Springs

cubigbird

Tug Review Crew Veteran

Ken555

TUG Review Crew: Veteran

cubigbird

Tug Review Crew Veteran

DeniseM

Ken555

TUG Review Crew: Veteran

uscav8r

TUG Review Crew: Expert

djp

scootr5

TUG Review Crew: Veteran

ptcflyer

uscav8r

TUG Review Crew: Expert

scootr5

TUG Review Crew: Veteran

cubigbird

Tug Review Crew Veteran

Bob808

TUGBrian

jlp879

TUG Review Crew: Expert

spuppy