Once upon a time...
Hi all. I've been a member of TUG for four years. I got serious about timeshares when my cousin purchased a unit in Mexico. He's a pretty smart guy, and I thought there must be something to it since he decided to purchase. Of course, he overpaid by a lot - but that's another story. Until then I had not been traveling as often as I wanted, was constantly stressed out at work, and could not schedule a vacation. The idea of timeshares resonated with me as a way of forcing myself to get out of town on a regular basis. Long story short, it's worked very well for me.
I spent some time researching timeshares online and came to realize that I needed to see them for myself before purchasing. I found a very nice resale agent who offered to rent me a few nights in Palm Springs at one of the timeshares. While I wasn't too happy with the timeshare that I stayed at, it gave me an appreciation of the "average" timeshare. I visited all the Marriott's in Palm Springs and the Westin Mission Hills. At that time, in 2005, Starwood was selling Westin Mission Hills North. I bought preconstruction, which required $1000 and the remainder once construction began. After a year, I requested a refund and, as many of you know, that property never developed. Starwood did offer me every other year at Maui instead at the same price of about $21,000 but I declined. At about this time I also rented a week at the Marriott Custom House in Boston -- which is a fantastic building and a great location.
When I returned home from Palm Springs I did some more research online and found a resale unit for Westin Mission Hills every other year summer week. I bought this at (what was) a great price, of about $4000. This was my first unit which allowed me to get my feet wet and truly experience what timeshares are all about. I learned fairly quickly that my ownership was best used by trading in Interval since I could rent weeks at Westin Mission Hills for less than my maintenance fee as a getaway week. Starting in 2005 I have split the week and deposited two, 1-bed units in II. As some of you know, I've been able to get some incredible trades with these units. I've used these 1-bed deposits to get: WKORV twice in 2-bed units, Grand Timber Lodge in a 2-bed and 3-bed, and Marriott Timber Lodge in a 2-bed. (GTL 3-bed is next month!)
After my first stay at Westin Mission Hills, I decided to purchase a Westin Kierland Platinum 2-bed with the intent of using the SOs to trade and visit other resorts in the off-season. This has worked out extremely well for me as my ability to travel is not restricted by school schedule. I sympathize with all of you that have calendar restraints on your vacation timing. I've been to Maui three times, Lagunamar, Princeville, Mission Hills, Scottsdale (Kierland), and Harborside twice using these StarOptions in four years for a total of 71 nights (mostly in 1-bed premium units) and an average of $62.89/night in MFs/taxes.
For various reasons I decided to purchase two Sheraton Vistana Resort units last year. I'm actually quite happy I did, as I was able to obtain two 2-bed Harborside units for last month via II (just returned from that trip last week, where we had a small family reunion of 12 people that everyone enjoyed immensely). I also found that one of these purchases included an extra week at Interval (which was used for one of the Harborside reservations), which was a very nice bonus. For 2010 I've exchanged these units for a 1-bed unit at WKORV in January and a 2-bed unit in May via II.
There's a lot of discussion right now about II and Starwood which impacts our ability to trade in the future. None of us know how it's going to work out, but I have confidence that our ownership will continue to provide valuable holidays that we will enjoy immensely. In addition, I have been quite happy with the ability to purchase getaway weeks. Over the years, I've purchased weeks for myself, friends and family at Westin Mission Hills, Marriott Timber Lodge, Marriott Grand Château, Four Seasons Residence Club in Scottsdale, and Harborside.
With prices as low as they are I'm still giving thought to changing my ownership makeup. Even selling my SVR weeks for $1 would be fine since the value for my Harborside trades makes up for any maintenance fee and special assessments that I've paid to date. So I'm thinking of getting rid of those weeks and perhaps replacing them with another brand -- Marriott or Hyatt most likely. On the other hand, I'm not against purchasing another mandatory Starwood unit to get more StarOptions.
I'm definitely of the opinion that there is no good reason for me to purchase any timeshare from any developer. I don't see any advantage -- to me -- for the "perks" that the developers try to include with a sale as compared to ownership rights on the resale market. I applaud all of you whom have reached elite status with Starwood and know that the hotel upgrades and other benefits you receive are exactly what you desired when purchasing. Timeshares are a great and fairly flexible method of vacationing. Unfortunately, they also include bureaucratic and somewhat incomprehensible policies which make us question the managements goals. If we were simply renting we wouldn't have these questions but then we would most likely spend more money to have these great vacations that we rave about. I'm looking forward to many more years of utilizing my timeshares and I'm sure you are, too!
Welcome to all the new TUG members, and sorry for all the rambling!