[ 2015 ] Westin Nanea on sale now

[Criselda]

Thank you Denise!
This is what we thought - there's a reason they give all those incentives to get us in the door... We are back on the mainland and have until midnight Sept 3rd for them to receive our written cancellation. We've already signed it and its going in the mail (certified) tomorrow!

 

[DeniseM]

Thank you Denise!
This is what we thought - there's a reason they give all those incentives to get us in the door... We are back on the mainland and have until midnight Sept 3rd for them to receive our written cancellation. We've already signed it and its going in the mail (certified) tomorrow!

One correction: The deadline is the MAILING deadline - it doesn't matter when they receive it. Just be sure you use a trackable method to mail it, so you have proof.

 

[lizap]

Good decision. You'd be many times better off to buy one of the 2 adjacent Westin resorts as you can buy them resale with SOs.

Thank you Denise!
This is what we thought - there's a reason they give all those incentives to get us in the door... We are back on the mainland and have until midnight Sept 3rd for them to receive our written cancellation. We've already signed it and its going in the mail (certified) tomorrow!

 

[DavidnRobin]

If you know the terms mandatory and voluntary, you're probably on TUG, and are therefore not going to buy anything from the developer, which starts the salesperson meltdown...

Our VOI paperwork - that Sales pulls up for Owner Updates - states the term Mandatory. Didn't see the term Voluntary, but didn't see our WPORV sheet.

I find that Sales can be confrontational when you come in with knowledge, but they do not seem to care about Tuggers since they know we represent <1% of Owners. Over many years, at our resorts, I do not think I have ever met a SVO Owner that knew about TUG.

Salespeople definitely read SVO TUG, but never admit to it (IMO) - this is speculation on my part, but their body language is telling when the topic is brought up. They would be crazy as Sales Professionals not to keep up on TUG threads. I usually tell them upfront that I am on TUG and will be relating info to others (not in a bad way). For example, I asked for the Nanea price to share with others, and how Nanea will be working so I could share - they do not seem to mind (to a point).

 

[pathways25]

Confused about pricing

I've seen two price references in this thread so far. tperez and Criselda both indicated that 81,000 home options came in at $30,780. That would suggest a price of .38 cents per option. Davld later indicated that a OF 2BR would be about $76,000 which would be more like .43 cents per option.

As I understand it, there won't be any more deeded view lines in WKORVNN, right? Doesn't that mean that if you want a 2BR OF, you just buy more Home Options? Based on the reported pricing, it almost seems like they're charging 0.38 cents per option for resort view and 0.43 cents per option for ocean front.

Can someone who's just gone (or about to go) to an update relay the correct pricing?

Thanks!

 

[Criselda]

Definitely the price for RV is .38 per SVO, we have the sheets for:

1 Bdrm $30,780 = 81,000 SVO
2 Bdrm $56,278 = 148,100 SVO

Sorry, they gave us a price somewhere in the $75K range for OV, but didn't get the sheet or pay attention to the SVO. Now we are starting to learn about these things...

 

[pathways25]

Definitely the price for RV is .38 per SVO, we have the sheets for:

1 Bdrm $30,780 = 81,000 SVO
2 Bdrm $56,278 = 148,100 SVO

Sorry, they gave us a price somewhere in the $75K range for OV, but didn't get the sheet or pay attention to the SVO. Now we are starting to learn about these things...

Interesting... I wonder if that means that OF home options will be segregated?

Can you post a pdf of the price sheets?

 

[okwiater]

And here is the real kicker IMHO:

MF's. If MF's are options based and the MF for 81,000 SO is $1250
(subtracted SVO fee/rounded), these are probable MF's at Nanea.

Approx MF, no SVN fees.

1 Bedrm RV-$1,250
2 Bedrm RV-$2,220
2 Bedrm OF-$2,650
3 Bedrm OF-$3,975-WOW***

WOW - That was my reaction as well, when I saw the MF for the 1-bedroom. 257,700 options at WSJ Bay Vista is only $2,400...

 

[YYJMSP]

Our VOI paperwork - that Sales pulls up for Owner Updates - states the term Mandatory. Didn't see the term Voluntary, but didn't see our WPORV sheet.

I've seen indications of developer vs resale (can't remember the exact words they had written down), but I don't recall anything being marked as mandatory (but I wasn't looking in that much detail). Definitely showed what price was paid (by the original buyer in the case of our resales) and the SO/SPG rates for each VOI.

I find that Sales can be confrontational when you come in with knowledge, but they do not seem to care about Tuggers since they know we represent <1% of Owners. Over many years, at our resorts, I do not think I have ever met a SVO Owner that knew about TUG.

I don't think we've ever had an overly unfriendly salesperson, but there were definitely some who get a little worked up when it becomes obvious we aren't there to buy something new. I keep telling them, it's an update, so update me on what's new...

Half the fun is listening to the stuff they obviously make up on the spot as they're talking.

Salespeople definitely read SVO TUG, but never admit to it (IMO) - this is speculation on my part, but their body language is telling when the topic is brought up. They would be crazy as Sales Professionals not to keep up on TUG threads. I usually tell them upfront that I am on TUG and will be relating info to others (not in a bad way).

At WSJ, the salesperson asked within 2 minutes if I was on TUG and what my handle was. He actually wrote it down on the sheet of paper he was working from. We ran in to him the next day in the lobby, chatted for a few minutes, and it was obvious he'd been reading what I'd been posting.

 

[YYJMSP]

Interesting... I wonder if that means that OF home options will be segregated?

I thought the point of HO's was that you could use them for whatever booking you wanted to make (check-in, duration, unit type, etc), so it wouldn't make sense to have different classes of HO's.

With the way they're packaging them, I would assume you just get more HO's based on what you "buy", since it has to line up with enough to book that unit type, etc. I assume you can't just buy some random amount of HO's at some price per point?

If you buy a "OF 2BR" package, it comes with enough HO's to book that unit type for a week. If you buy a "RV 2BR" package, it comes with enough HO's to book that unit type for a week, or enough to book say 5nts in a 2BR OF unit type instead (or whatever the math comes out to) at 8mos out. And on the other side, the OF purchaser could instead choose to book say 10nts in a 2BR RV unit type instead (or whatever the math comes out to). at 8mos out Or book lots of nights in a 1BR unit (more nights in the RV vs. OF) at 8mos out, etc, etc, etc...

My mind is just spinning wondering if they've gotten the IT sorted out correctly to book properly with all the combinations available.

 

[DavidnRobin]

Interesting... I wonder if that means that OF home options will be segregated?

Can you post a pdf of the price sheets?

That must be why they had 2 shaded HOs listings with same amount of HOs on each - I figured it was a mistake like the floor layout (saw this on their iPad). They have to separate them - they are selling 2 different views with different pricing. What it may mean is at one maybe able to pickup OF at 8 months if available (low season) using non-OF options, or early in the Resort occupancy.

Added - I definitely saw Mandatory at bottom of my VOI Info sheets.

 

[DavidnRobin]

Definitely the price for RV is .38 per SVO, we have the sheets for:

1 Bdrm $30,780 = 81,000 SVO
2 Bdrm $56,278 = 148,100 SVO

Sorry, they gave us a price somewhere in the $75K range for OV, but didn't get the sheet or pay attention to the SVO. Now we are starting to learn about these things...

The OF 2Bd was ~$76K

 

[DavidnRobin]

WOW - That was my reaction as well, when I saw the MF for the 1-bedroom. 257,700 options at WSJ Bay Vista is only $2,400...

That was my reaction as well - not sure if it is correct. Cost a lot to maintain a TS on StJ even compared to Maui, and they cut taxes by eliminating LOs (their words).

 

[jabak5]

Westin nanea

I am very much a newbie to timeshare and just attended a sales presentation on the Wesin Nanea and purchased a 1 bedroom week. We still have a few days to cancel if its not a good deal and would really appreciate the forums help in making this decision - you folks know your way around this minefield!

Here's what we paid:
1 bedroom resort view $30,780. The total annual costs starting in 2017 will be about $1400 which also includes the annual Starwood/SPG membership fees. For this we have 81,000 SVO points and can every other year convert these to 43,740 SPG points. We received 100,000 SPG points signing bonus and the right to purchase 90,000 SPG points for $1875. We can purchase these additional points 4 times for a total of 360,000 points for $7,500. We also will be Golstatus for life as part of the deal.

Unfortunately, it looks like our ownership is "voluntary" so if we sold our interest the ability to transfer points to their SPG program would not transfer to the new owner. Seems like this is a way to protect their retail sales by devaluing the after market sales.

Please help us decide - should we bail or stay?

Thanks in advance for your help!!

This is probably be one of the most important response to all repies.......RECIND!!!!
This is coming from someone who has bought 2 EOY STARWOODS. WKOFN AND WLR both 2 bedroom LO, 148k staroptions each. Both were bought via the developer (I know, I know) WKOFN is mandatory WLR is voluntary. We are happy with both and happy we bought and happy with HOW and what we bought. We love our place at WLR and of course love WKOFR. WLR(voluntary) WKOFR(mandatory). We purchased these as this is where we love to go, other than our get away 2nd home at Lake Tahoe, CA which is truly home away from home.
The bonus starpoints which we got with the developer purchase allowed us to take trip (not vacation) that we will never forget, absolutely fabulous. Financially did it make sense with what paid for our purchase .....I'm sure not, was it worth it ABSOLUTELY!
Our first purchase was WKOFR and we did not purchase at time of presentation....we passed. We did purchase the explorer package as we thought we might buy and even if we didn't we'd be forced to a prepaid vacation. (sometimes we need to be forced)
3 months later, we decided we wanted to purchase. Same offer was available. SURPRISE. Were glad with what we did but it is different for everyone. Sometimes we just need a push and now we say....we are paying for it....we have to go. Love it!

IMO....if I would to buy resale, I would only go with Mandatory. Only for the use of Staroptions. I'd totally ignore Starpoints as I don't think the exchange for MF is normally worth it.

Best of luck with your decision. No matter what anyone has to say, it's a personal preference and decision. Usuall your gut reaction/decision is the best.
Do what you are comfortable with and be happy.
FYI....when I purchase something, I'm not looking at reselling it, I just think that it may hold a little (very little) value.

 

[Lookingtobuy]

Do the options convert to star points?
How many star options for II exchanges?
Is 85,000 a 1 bedroom oceanfront?

They do convert to star options. Little less than usual. Can't remember exact. That was for one bdrm resort view. Not sure about II exchange

 

[Lookingtobuy]

I also wonder if the MFs will be based on star options or deeded view? If SOs than oceanfront would have higher MFs than Oceanview?

Fees are based on star options according to our sales rep

 

[DavidnRobin]

 

[DavidnRobin]

 

[taterhed]

This is better than the last mission impossible....

 

[ValleyGirl]

I love how they conveniently show property to the North with nothing built on it :annoyed:

However to the South there is the "park" and "drainage ditch"
So maybe partially accurate or accidently posted mirror image

 

[ThreeLittleBirds]

If the points are listed for weeks 1-52, does that mean HomeOptions would work for weeks 51 and 52, meaning those would not be sold as event weeks?

 

[grgs]

The chart David posted above shows that some weeks "may be sold exclusively as "Event Period or Specific Week VOIs," and that availability may be limited for those weeks.

 

[lizap]

Wonder if they are disclosing the sewage smell issue?

 

[GregT]

This is a really long walk to your car, especially for that OF owner.....I don't recall WKORV-N being as long a walk, am I correct?

Are these six stories tall? If so, only the top stories will clear the palm trees, so hopefully they will minimize the trees.

Interesting to see the birth of a new property, it has been awhile.

Best,

Greg

 

[DTD1990]

What about banking and borrowing? The FLEX program does not allow this. Is this the same for Nanea - another reason maybe to avoid Homeoptions vs Staroptions.