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attended a westin presentation and we are tempted???

tatmtr7

TUG Member
Joined
Jun 8, 2005
Messages
271
Reaction score
26
Location
Illinois
Resorts Owned
Platinum Ocean Pointe, Platinum Desert Springs 1, Marbella, Chairmans Club, MarriottVacationClub Points, Paradise Village, Mx.
Okay we are long time multiple week Marriott owners and we attended a Westin presentation at the Kierland resort today and we are so tempted. The salesman gave us the wonderful report such as being able to trade into any Starwood resort, use hotel points with no capacity controls and so on. We are not newbies and understand that salesman make pitches and stretch the truth. We were offered 81k options eoy at the new Cancun property with another 80k bonus points and a few other small incentives. The price was $17,500 Is this a good deal and is all this info true? The hotels that Starwood owns are really upscale. So now someone tell us the downside... /thanks and by the way the Kierland is lovely.
 
Okay we are long time multiple week Marriott owners and we attended a Westin presentation at the Kierland resort today and we are so tempted. The salesman gave us the wonderful report such as being able to trade into any Starwood resort, use hotel points with no capacity controls and so on. We are not newbies and understand that salesman make pitches and stretch the truth. We were offered 81k options eoy at the new Cancun property with another 80k bonus points and a few other small incentives. The price was $17,500 Is this a good deal and is all this info true? The hotels that Starwood owns are really upscale. So now someone tell us the downside... /thanks and by the way the Kierland is lovely.
I can't speak to the economics of this unit and so leave that to others, but my impression is that ... 1) Starwood has some very impressive properties, B) their hotel tie-in is fairly good, and iii) Cancun is a high-demand market.
But check out what's available in the resale market before pulling the trigger.
 
Here are a couple of recent ebay auctions for 81K mandatory Starwood properties:

EOY 81K at Kierland:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=290174402650&ssPageName=STRK:MEWA:IT&ih=019

Annual 81K at Vistana Villages:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=270177061399&ssPageName=STRK:MEWA:IT&ih=017

Annual 81K at Kierland:

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=290168001377&ssPageName=STRK:MEWA:IT&ih=019

You'd lose the incentive points and the ability to trade for hotel points, but not the ability to use StarOptions to trade to other Starwood Vacation Network resorts at the 8-month mark. Ease of trading to the other popular resorts:

Westin St John -- very difficult except for a few off-season weeks -- if you want to go here consistently, buy here

Harborside -- very difficult most of the year, but good chance during January, May, early June, September, October

Maui -- mixed reports on this one -- lots of availability at certain times of the year, but probably impossible during holiday weeks and difficult during prime spring break and summer weeks

Cancun -- only recently available so not enough reports to make a guess

Aruba / Kauai -- not yet available

If you're interested, be sure to read the excellent article in the Tug advice section ... and be extra careful with a Vistana Villages resale as part of the resort is "mandatory" and part is "voluntary."

Good luck!
 
In the resale market you do have to watch out whether you are buying what is referred to as a Mandatory Resort (e.g. Kierland, Maui, St. John, Harborside, some parts of Vistana Villages) or a Voluntary Resort (Cancun, among them). The adjective refers to whether the resort has mandatory Starwood Vacation Network membership or not. When you buy a Mandatory resort on the resale market you can exchange with other Starwood properties. With Voluntary resorts you cannot get SVN membership and you cannot exchange within the Starwood system. You do get a 30-50% discount buying resale so the perks of buying direct are pricey.

The Mandatory vs. Voluntary distinction doesn't matter if you buy from the developer but does affect the resale price you can get if you later decide to sell your property.

I own four Westin weeks and have been very happy with the program. You already know how much nicer it is to stay at a timeshare compared to a hotel. The Westin timeshares are very nice. I've been to Maui, Kierland and Mission Hills and all have been top notch. You won't go wrong with a Westin property.

The only decision you need to make is whether to buy direct or resale. Most everybody here will tell you to buy resale. You will save a lot of money but you do give up the hotel tie-in: no up front incentives (80K points would be worth at least $1600 to me, possibly much more if you travel abroad), no exchange for hotel points, no SPG Platinum membership (if you have enough weeks to control 559,000 Staroptions), and no perks for multiple week ownership.

On a final note, Marriott does have some pretty nice resorts too. Would you be better off just adding to your Marriott portfolio, in terms of additional perks for owning more time with them? I happen to like the Starwood program better because of the particular resorts they have, but Marriott has more locations and might have been my choice if it wasn't for the Maui properties that I own. The perks, like hotel points and the like are nice, but ultimately I own where I really want to go. For me its about the property itself with the perks just icing on the cake. Its all a luxury splurge, not a real estate investment or a savings vehicle.
 
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The Mandatory vs. Voluntary distinction doesn't matter if you buy from the developer but does affect the resale price you can get if you later decide to sell your property.

The M vs. V distinction does matter if you buy from the Developer (SVO) because if you ever decide to sell - the value of your V resort will be diminished because it will not allow the buyer access to SVN. This is why M resorts hold their value better than V resorts.
 
Maui -- mixed reports on this one -- lots of availability at certain times of the year, but probably impossible during holiday weeks and difficult during prime spring break and summer weeks

Maui has been available every time I've called for June 08. We aren't going there, but I always ask anyway.
 
Okay we are long time multiple week Marriott owners and we attended a Westin presentation at the Kierland resort today and we are so tempted. The salesman gave us the wonderful report such as being able to trade into any Starwood resort, use hotel points with no capacity controls and so on. We are not newbies and understand that salesman make pitches and stretch the truth. We were offered 81k options eoy at the new Cancun property with another 80k bonus points and a few other small incentives. The price was $17,500 Is this a good deal and is all this info true? The hotels that Starwood owns are really upscale. So now someone tell us the downside... /thanks and by the way the Kierland is lovely.

A few thoughts (btw, please read threads on this forum that have dealt with issues like these)...

I would not advise buying from SVO unless under very special conditions. We did buy EOY Princeville - WPORV - after buying 3 SVO VOIs on the resale market and wrote extensively about why we did.

Consider buying resale WKV - if you like the resort (as we do) - you can go there. It is also very good for potential SVN exchanges, and recent reports of excellent II deposits. Also, the MFs are relatively much lower. IMO - WKV offers great value all around. Likely you will be able to exchange into Cancun - along with Maui - and other SVN resorts (with certain constraints as mentioned).
 
maintenance fees

Okay we are long time multiple week Marriott owners and we attended a Westin presentation at the Kierland resort today and we are so tempted.

We were offered 81k options eoy at the new Cancun property with another 80k bonus points and a few other small incentives.

Are you looking to buy Kierland or Cancun? Going from Marriott to Starwood, one MAJOR difference is the huge maintenance fee gap. You can do head-to head, Kierland vs Canyon Villas, Mission Hills vs Desert Villas 1; Dessert Villas 2 or Shadow Ridge. Yes, we agree the Westins are nicer, but in our opinion not worth an extra $500/year (in additional to the additional upfront). But if you're looking to trade and want to trade within SVO, then Kierland or Mission Hills could be good alternatives (I wouldn't buy Cancun to trade, I'd probably only buy Cancun if you plan on going there the majority of time, which would lessen the importance (not eliminate, but lesson) of the SVO network.
 
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