Fixed Weeks vs. Points.. [Starwood]

[Helios]

It's good that Starwood generally gives 80% of original developer sales price on resales used as trade-ins. But I also recall another thread last year, in which some had said that Starwood wouldn't take Florida weeks as trade in on Phoenix weeks. I've the impression Starwood is fairly selective on the weeks they'll take back. Am I wrong? Has anyone used a resale or SVN florida week to trade up on say a Hawaii, Kierland or St John unit?
I can see Starwood taking back a Florida week to sell another Florida week.

Depending on the margin, they will take FL weeks (only premium) to upgrade into WSJ CV (as of last week). At least that was an offer I got. Of course, the margin is something very large to trade in FL and MB high season weeks into WSJ CV high season weeks.

 

[lorenmd]

we traded in a sv bella resale and got 80% what the original owner had paid for it. we purchased wkv and retroed sdo. it was a complicated little package and they didn't want to take my florida week but in the end it was the only way we would do it so they did. we still had to bring 20k to the table but we ended up with 5 units with options, half wkv and half sdo

 

[SandyPGravel]

Depending on the margin, they will take FL weeks (only premium) to upgrade into WSJ CV (as of last week). At least that was an offer I got. Of course, the margin is something very large to trade in FL and MB high season weeks into WSJ CV high season weeks.

They sort of said they would take my SVV week last year if I bought into WSJ CB, but wanted 40k in addition. I told him he was insane! :hysterical:

 

[JudyS]

we traded in a sv bella resale and got 80% what the original owner had paid for it. we purchased wkv and retroed sdo. it was a complicated little package and they didn't want to take my florida week but in the end it was the only way we would do it so they did. we still had to bring 20k to the table but we ended up with 5 units with options, half wkv and half sdo

Was this before the new Sheraton FlexPoints program?

I'm assuming it is no longer possible to retro SDO and get a SDO deed with StarOptions. Instead, I think retroing SDO just gives you Sheraton FlexOptions. Is that correct?

 

[Markus]

Retro

Was this before the new Sheraton FlexPoints program?

I'm assuming it is no longer possible to retro SDO and get a SDO deed with StarOptions. Instead, I think retroing SDO just gives you Sheraton FlexOptions. Is that correct?

You would make a new purchase of $20K in the flex product, and then they would retro your SDO week. You would then have both products and the SDO week would be as if purchased directly from Starwood, it would have StarOptions and would be able to be converted in SPG points as well.

 

[Helios]

You would make a new purchase of $20K in the flex product, and then they would retro your SDO week. You would then have both products and the SDO week would be as if purchased directly from Starwood, it would have StarOptions and would be able to be converted in SPG points as well.

^^^^ this is exactly how it works now ^^^^

 

[JudyS]

You would make a new purchase of $20K in the flex product, and then they would retro your SDO week. You would then have both products and the SDO week would be as if purchased directly from Starwood, it would have StarOptions and would be able to be converted in SPG points as well.

That is good to know, thanks!

I went to a Starwood presentation at SVR last January, right after the Sheraton FlexOptions program started. When I asked about retro-ing, the sales people wanted me to trade in my deeds for FlexOptions instead. So, I wasn't sure if retro-ing a SDO week was still possible.

Just to be clear -- if I wanted to retro a SDO week (or one at SVR, SBP, etc), I would have to spend $20K on a new Starwood purchase, but that new purchase wouldn't have to be FlexOptions, would it? For example, I could spend $20k on a Westin week and retro an SDO week, right? (I realize that most Westin weeks cost a lot more than $20K, and some Starwood resorts have a minimum buy-in of $40k.)

 

[ChrisinCT]

Yes I agree about sales wanting to offer equity in a sale.

Chris, I'm guessing your unit was bought originally when Vistana was the developer/owner ???

Also do both of you have a fixed unit as well as a fixed week?
and it's deeded that way?

Yes dsmrp - it is a fixed week & fixed unit and deeded as such (week 29, Springs unit)

I'm not positive - but I believe the individual I bought it from was the original owner of the unit and bought it from the developer (poor sap!). Thanks to research and TUG - I bought it on the resale market.