Thats how I became platinum. Three Pahio weeks were converted to points with a 126000 point eoy contract purchased directly from wyndham ($12000) and that was enough to become platinum. I know others that were able to convert more than three weeks with one small purchase.
If they can still do this, a number of the units at Ka Eo Kai and bali Hai are worth over 300000 points. so three of them,converted; plus a small purchase will get you to platinum
there are three questions I think
1) will they still do a "three for one" conversion? Sometime after I did it, I tried to do it again and was told that the "rules" had changed and it was a "one for one" thing. One small purchase could convert one week so to get to platinum, So three purchases of $12000 were needed
2) They may convert the weeks, but will they count toward VIP?
3) Is being a VIP worth paying anything for?