If you go to the presentation would you ask about Starpoint Devaluation and if there are plans to raise unit values to match the hotel catagory jumps.
It's been raining all day today...so I thought it would be a good time to attend an update meeting. There were no direct beneifts for going to a meeting here - no points, no $$$, nothing, nada, zip. And, of course, it was supposed to be just 20 minutes but turned into an hour (and I was trying to end it).
Anyway, first off let me say that the staff here are the nicest I have yet met during one of these meetings (I've been to WMH, WKV, WKORV).
I spent at least 10 minutes explaining the devaluation issue with the initial salesperson, and then again when the manager stopped by to "close". At first, they tried deflecting the point (!), but then understood my issue. From my perspective, I buy resale and have very little reason to buy direct. There are only two reasons to buy direct for me: 1) conversion to points (which I doubt I would *ever* do) and 2) elite status. With the devaluation of Points, it's clear Starwood has no interest in retaining parity between the resorts and the hotels, so I have to immediately discount any perceived benefit of Points from a developer purchase - though it may reasonably be correct for the first few years of ownership. And Elite status, while nice, is hard for me to justify the expense.
Even the sales staff said that it doesn't make good business sense for Starwood to increase the conversion amount over time. After all, they're increasing the room rates at the hotels as they can, but have no reason to increase the conversion since...WE'VE ALREADY PAID. If there are some of you which are up in arms about this issue, then I'd suggest a petition, or some other communication, to get notice. I, for one, don't care much, and it's even more of a reason for me to buy another unit resale...
On other news, Harborside has sold out of all 2 bed non-lockoff units and all 3 beds. 2-bed lock-off's for Gold are just under $46k and Plat for $52.5k. Plat includes 200,000 StarPoints. I just looked at RedWeek and am amazed at the prices - I found one 2-bed LO Platinum for $28,000, though there weren't many in that range and even some Golds in the 30's.
As an aside, the entire sales staff here at Harborside apparently were unaware of the recent StarOption adjustment for Cancun. All their printed literature has the old prices. I wonder how many people have bought in the last 60 days under the impression they would be able to trade into Cancun using their Gold week at Harborside for an even exchange (back when Harbor's 2Bed = Cancun's 2Bed during Platinum season)...