[ 2015 ] Westin Nanea on sale now

[capjak]

Just a thought but why not buy a resale? The 81,000 every year offer is a little less per staroption than the 95700 (which is equal to only 48,850 every year) $0.42 per staroption for the 95700 vs 0.38 for the 81,000.

 

[DeniseM]

If you are referring to Nanea - it is voluntary - no Staroptions on a resale.

 

[vacationtime1]

I'm confused about the 95700 SO offering at Nanea; what do you get that you don't get with the 81000 SO package?

A one bedroom RV unit requires 81000 SO's; iirc, there is nothing at Nanea requiring 95700 SO's.

So what do you get other than extra MF's along with 14700 SO's with no obvious use?

 

[vacationtime1]

Just a thought but why not buy a resale? The 81,000 every year offer is a little less per staroption than the 95700 (which is equal to only 48,850 every year) $0.42 per staroption for the 95700 vs 0.38 for the 81,000.

If your metric is the cost per SO, a high season (resale) at SVV Bella, SVV Key West, or Kierland (67100 unit) -- all mandatory resorts -- will get you your SO's for 25-50% less than that cost. If you want to consider the opportunity cost of the invested capital, a high season (resale) at SVV Bella, SVV Key West, or Kierland (67100 unit) will get you your SO's for about a fourth as much.

Besides, if you buy a mandatory resort resale, you have a chance of getting your money back when you sell; if you buy voluntary from the developer, you will lose 75%+ of your capital as soon as the rescission period ends.

 

[ACE1]

We were offered a 2 bdrm ocean view annual for $57,000 last week. Turned it down, they were surprised HA! Went back to our villa and called Syed. Now we're in escrow for a 2 bedroom, Ocean front EOY at WKORVN for about 1/4 price and 178,000 options. Excited!

Sent from my SM-N920V using Tapatalk

 

[Tucsonadventurer]

I guess we have been very lucky. Have been to about 7 (at WKORVN and WLR) have never had any pressure. Some have even been informative and never more than 30 minutes. On the other hand, attended a presentation for the new Hyatt on Maui in Nov. 2014 and it was extremely high pressure even after we said we weren't interested but just wanted so information on their system. Keep us the entire 90 minutes. That unsold us on Hyatt.

That is unusual for Hyatt, we own 2 weeks and most presentations have been very low pressure except for 1 at Carmel where he was annoyed he even had to speak to folks who bought 2 resale units.
He basically said we shouldn't have been invited as we weren't going to buy and was very rude but not high pressure.

 

[DavidnRobin]

I'm confused about the 95700 SO offering at Nanea; what do you get that you don't get with the 81000 SO package?

A one bedroom RV unit requires 81000 SO's; iirc, there is nothing at Nanea requiring 95700 SO's.

So what do you get other than extra MF's along with 14700 SO's with no obvious use?

I saw that was well - perhaps it is for >7 day stay? Remember, that these are HOs and do not have to be reserved in increments of 7 days, and can be used for checkin on any day of week (not just Fri, Sat, Sun)

 

[rubbernyc]

I'm confused about the 95700 SO offering at Nanea; what do you get that you don't get with the 81000 SO package?

A one bedroom RV unit requires 81000 SO's; iirc, there is nothing at Nanea requiring 95700 SO's.

So what do you get other than extra MF's along with 14700 SO's with no obvious use?

I saw that was well - perhaps it is for >7 day stay? Remember, that these are HOs and do not have to be reserved in increments of 7 days, and can be used for checkin on any day of week (not just Fri, Sat, Sun)

That's exactly it. They are trying to do 8 day sales. We have enough points for 8 days and can check in any day of the week. We decided to buy resale since we didn't want to wait for them to be available resale and it is a voluntary resort. We have already paid it off, so no finance charges or anything like that. We could have bought in the other Kaanapali properties, but preferred the home resort advantage and can upgrade to the 2 BR unit. Also, the MF are quite reasonable. Our next unit will be resale.

 

[DavidnRobin]

Confused? You bought Nanea - EOY-odd, 1BR, RV unit, 95,700 SO for $20,576 and MF of $850?
The $850 MF is yearly - so $1700 for the EOY use (to start, MFs are protected during sale period to keep them attractive, and tend to rise quickly). Also, that is EOY cost is equivalent to ~$41,000 EY cost.

Also, could have paid a lot less to buy EY or EOY WKORV/N resale - and gotten more SOs (148.1K SO for EY) that are VSN Mandatory. Or better yet, bought WKORV OF resale...

Rescind?

 

[vacationtime1]

So the extra day at Nanea (eight days vs. seven; 95700 SO's vs. 81000) will cost $300 in additional MF's + about $1,000 of opportunity cost on capital (10%/year x the $10K price difference -- adjusting for annual usage). Is that extra night worth $1,300 each time you enjoy it?

I'm with David; rescind.

 

[rubbernyc]

Too late for us to rescind now....it is past the 7 day window.