SVO just called. (I had asked them to call.) I explained that I was very displeased with the impact that starpoint devaluation has had on my ability to trade my units.
They explained that:
1. They have a problem tracking system and my concerns will be reported monthly, quarterly, annually to management. (ummm, ok..... that is vaguely interesting corporate appeasement speak but does not address my concern specifically)
2. SVO evaluates the starpoint values annually for its properties, but that the creation of category seven is new in SPG, and SVO's evaluation happened BEFORE the creation of category seven.
***One moment while I cry bullshit here. Everyone and their dog on flyertalk knew the devalation was coming, category seven was coming, and it was implemented during the ANNUAL evaluation of starpoints that all Starwood properties and licensees go through. I would hazard a guess that SVO goes through the same evalution at the same time as the other properties... and the other properties, in fact all of Starwood, managed to make this change at year end...... except somehow poor SVO who was caught flatfooted.
I said as much, more politely to the SVO caller. I asked...... if they evaluate starpoints annually, please tell me, what has changed in the last year so that it is appropriate that my points are worth so much less now??? The rental rates you get on our units are high when we turn in our properties for points, so what exactly has changed???
Or is SVO just too cheap to pay the money to buy the extra points our villas are worth????
Please please everyone stay on them about this. The situation is total garbage and they know it and we know it.......