So, the points listed on the shortstay page are the points required to complete the exchange. They are withdrawn from your Worldmark account just as a normal exchange will withdraw points. You will be charged an exchange fee for each shortstay exchange. The number of days selected/available will determine the exchange fee(s) and the points required. For example, right now, using a 3br float for shortstay, I could book 3br HHI unit for 1 day or 6 days. The 3br unit is 1900-7000 (approx.) points for 1 to 6 days. The same type unit (Elite, off season) in a 2br runs 1600-6000 points. Exchange fees and points charts below.
Here's the real rub: Do they take a HKT? Previous shortstay exchanges have reported yes and no. They have also reported that II took the full 10,000 points for the exchange instead of the shortstay points. They were refunded the difference and the HKT (if charged). Both II and Worldmark reps indicate that they MAY take a HKT. I would recommend not asking the question. Just wait and see if they do. I'm sure they'll charge you one if you insist.
Also, keep in mind that you could simply exchange the week (if it is in instant exchange) for only 4000 points inside of 59 days. Two weeks for 8000 points. So, always decide the cost of what you want to do (and whether full or shortstay exchange) before confirming the exchange.
If I ever get the chance to actually book a shortstay (I always need to think before booking....oops too late) then I'll update.
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