Well, well. It took a while...
I got a call from Karen C at Wyndham, stating that our “fixed weeks to points” conversion documents were ready, and, if we signed, the process would be fairly quick - 45 days or so. In addition, our existing (December 2021) reservations would not be affected.
Decision time. Is converting worth the extra annual cost?
We would be converting our 4 floating weeks at Wyndham Kona Hawaiian Resort to 4 “points contracts” for use within the Club Wyndham Plus system. We are also grandfathered VIP Gold owners at Bali Hai, with 518K points (bought from Wyndham) and thus are familiar with the CWPlus system. We intend to use Pathways to exit out of Bali Hai contract, and downsize, in a few years.
The bottom line: with conversion our annual expenses would increase by $573.We are also grandfathered VIP Gold owners at Bali Hai, with 518K (developer bought) in the CWP system. We intend to Pathways out of that contract In the future.44US to cover the new CWP Program fees for 896K points.
Presently, we can book ANY four WKH weeks each year; with the conversion to points, three of the weeks are rated Prime (231K), and one is High (203K). It’s a downgrade in value, but if we travel to the Kona home resort only, it’s still manageable. We‘d simply have to book a late January week at 203K, and then follow it with three Feb weeks at 231K, instead of 4 consecutive floating weeks in February.
I have reviewed the 4 Docusign contracts. There appears to be no additional fee to convert. And the new “blended HOA Assessment plus CWP Program fee” can be paid monthly, or annually, upon conversion. With weeks, we pay an HOA Assessment once a year.
These floating weeks would become “converted 231K (& one 203K) points weeks” in any future resale, which may actually be a plus. Most future, younger owners would want points for more flexibility. One can also reverse the conversion in the future, and go from points back to floating weeks should that be desirable. Docs do not indicate if there would be a cost to revert.
A converted contract retains the underlying WKHR deed, and is assigned to the CWPlus trust. It has the standard 13-11 month ARP window for reservations at Kona HR as “the home resort”. Also, converted weeks retain membership in the Outrigger Club. We will continue to vote for our Kona HOA resort AGM business and Board.
We bought these 4 WKHR float weeks as very inexpensive resales a few years ago. They will likely not move us up the VIP tier from Gold to Platinum, though on the phone our rep said they were coded developer weeks.
Conversion comes with free Enrolment into the Wyndham Rewards (don’t use it now) and a new program, Vacation SideKicks - free to VIP Gold and higher owners - for access to 3rd party travel products (not likely to use them).
So that’s the lowdown.
Just have to decide then, are the CWP points system benefits compelling enough, ie worth the extra $574US/$750CAD yearly cost? Maybe it’s peanuts in the big picture, roughly $20/night more per stay.
This might be obvious to many Tuggers, but we are snowbirds from Canada most likely to just book time at Kona HR for the upcoming winters - something we can do without converting to Points - assuming safe international travel can resume.
Pros to convert
- can book online 24/7 vs current weeks book by phone only option
- no fee or incremental purchase required to convert (first time we’ve had that option)
- points are more flexible for planning shorter stays, etc.
- possible to travel to many more Wyndham resorts (since joining in 2000, we have been to Bali Hai, KonaHR, Paniolo Greens, Mauna Loa, Oceanside, Indio, Canterbury, Grand Desert, Sedona, Flagstaff, Bonnet Creek, Cypress Palms, Star Island, Sea Gardens, National Harbour, Governor’s Green, Patriots Place, and Ocean Boulevard at Myrtle Beach)
- book different unit sizes elsewhere with points ( at our fav, WKHR, all the units are 2 bedrooms)
- can save the points 1 or 2 years out for future use, which seems a big plus in 2020... maybe the best benefit. Currently, we have to use weeks in Use Year or deposit in RCI
- maybe a VIP discount window, unit upgrades, on reservations closer to travel
- if these have any resale value in future, probably better to sell as converted points weeks than as Floating weeks.
- WKHR trades in RCI & TPI in weeks & points (we wouldn’t trade as RCI exchange fees are now just too high)
Cons to converting
- increased total annual fees by about 12% with CWP assessment, over our floating week HOA costs
- can deposit in RCI for two additional years of travel
- can book 18 months out (or more) at home resort
- can add extra nights @$150 cash rate 21 days before cki
Conversion is a personal “value choice” in large measure, but I’m interested in your thoughts, suggestions, and feedback. TYIA. We have learned a lot from others through these forums.
If you are reading this, I hope I have been able to provide some useful info on the “Fixed to Points“ offer from Wyndham.