Thanks, maybe we will try to rent it. My husband and I both distinctly remember the sales person saying that you could bank one of the parts of the 2 bedroom each year to use the following year thereby allowing you to have 2 weeks of use the following year. They made a big presentation about it by actually physically picking up the piece of the unit puzzle, and demonstrating how it can be taken out and used the next year. They even said you could not bank the same side in consecutive years. ie. 1 bedroom in 2009, studio in 2010, and so on.
They may have used the word "banking" but what they were talking about is converting to Starpoints - which you can do every other year - or alternating sides every year. However, converting to Starpoints is not a good value since the exchange rate is so poor, so I wouldn't convert an expensive TS, like WPORV, to Starpoints - ever!
That is why one of my questions was confusing to you. I guess I thought if we banked one side of the unit with SVN, I wondered if we could deposit the other side with II. If we cannot bank it with SVN then that question would make no sense.
You can split the sides and use them completely separately to use yourself, rent, deposit, convert to Starpoints, or do a Staroptions exchange.
I also wondered if since we have a specific week reserved, if that specific week could be banked with II rather than a generic week chosen by SVN.
I thought I had read something about being able to choose a week and then calling II to deposit that specific week.
I am more confused than ever.
Starwood reserves the right to choose the week you deposit and they are unlikely to deposit a high-demand summer week in Hawaii - more likely an off season week. See the
Exchanging With II article I recommended above, for all the details.
Starwood has a contractual agreement with II to enforce their rules for Starwood exchanges. This is the other thing - if you did deposit with II, you are very unlikely to get an exchange in return equal in value to your June WPORV week. With an expensive/high MF week like that, I hate to throw in into the exchange pot with no guarantee of getting an equal exchange back, because once you deposit it - it's gone!
I own a week at the Maui resort and I rent it easily for $3,500. I don't know if that will hold up in this economy, but I already have 2009 rented, and someone interested in 2010 - so that's the way I would go. You can pay your MF and put some money in your pocket.
