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How good a deal is 316,000 developer Staroptions for $31,000?

R

RLG

TUG Member
Joined
Nov 18, 2006
Messages
531
Reaction score
4
Location
Hawaii
Resorts Owned
Marriot Abound Chairman (SMV; SDO; SBP; Lakeside Terrace, Willow Ridge). HGVC, Worldmark. RCI points
I have a deal set up which would allow me spend $31,000 to buy weeks representing 316,400 Staroptions from Starwood. Annual maintenance would be $2700.

These would be developer purchases with all the usual benefits, i.e. count toward elite status, fully combinable with other points for redemption, convertible to SPG points, etc

The purchases would NOT be eligible to requalify other weeks.

What do you think? Is this a great deal or just so-so??



Edited to add:

PLEASE.

I'm not looking for advice on tips and tricks for negotiating to make this deal better. There are LOTS of other threads for that.

For example, if you want to discuss requalification please do so on one of the MANY threads for that, e.g. here:
http://www.tugbbs.com/forums/showthread.php?t=24046



I AM looking for opinions about whether THIS deal is attractive assuming that it is a take it or leave it proposition.
 
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WOW!! Yes. I'm sure others would be interested in the details...can you share?
 
RLG said:
I have a deal set up which would allow me spend $31,000 to buy weeks representing 316,400 Staroptions from Starwood. Annual maintenance would be $2700.

These would be developer purchases with all the usual benefits, i.e. count toward elite status, fully combinable with other points for redemption, convertible to SPG points, etc

The purchases would NOT be eligible to requalify other weeks.

What do you think? Is this a great deal or just so-so??
Click to expand...

Great Deal, I'm guessing you would have to trade in your current units or upgrade? Please let us know the details or pm me.

148,000 x 2 and 30,000 fantom staroptions for elite status, maybe? of course that would be 326,000 not 316,000????
 
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RLG said:
I have a deal set up which would allow me spend $31,000 to buy weeks representing 316,400 Staroptions from Starwood. Annual maintenance would be $2700.

These would be developer purchases with all the usual benefits, i.e. count toward elite status, fully combinable with other points for redemption, convertible to SPG points, etc

The purchases would NOT be eligible to requalify other weeks.

What do you think? Is this a great deal or just so-so??
Click to expand...

Eh. Not impressed. :hysterical:

I bet you CAN retro something, even if you are upgrading an existing unit. Any time you buy over $20,000, you should be able to retro something.

Katherine
 
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SDKath said:
Eh. Not impressed. :hysterical:

I bet you CAN retro something, even if you are upgrading an existing unit. Any time you buy over $20,000, you should be able to retro something. Just fight for it. For example, I managed to buy 2 fountains units for 76,000 SOs each for $12,500 each unit. They combined the two purchases and allowed me to retro my SDO platinum week at the same time. Just keep asking for it! PM me for more info...

Katherine
Click to expand...

Interesting I was told even if I purchased 2 units at 20,000 each (total 40K), I could not retro a Hawaii week, but I could if I purchased 1 unit at 40K....:eek:
 
capjak said:
Interesting I was told even if I purchased 2 units at 20,000 each (total 40K), I could not retro a Hawaii week, but I could if I purchased 1 unit at 40K....:eek:
Click to expand...

But you can retro Hawaii when you do an upgrade, and it doesn't have to be $40k or more.
 
tomandrobin said:
But you can retro Hawaii when you do an upgrade, and it doesn't have to be $40k or more.
Click to expand...

Well, the total price to retro Hawaii HAS to be over $40,000. But your out of pocket money (the difference between your original unit and the new unit you are upgrading to) does not have to be $40,000. At least that was the rule I was told started last Fall and is in effect right now.



Katherine
 
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SDKath said:
Eh. Not impressed. :hysterical:

Katherine
Click to expand...

I'm not sure whether that was a vote for it being a good deal, or not?

I understand that you think it's not as good as the deal I COULD get by negotiating further. For this purpose, please assume that there is NO room to change the terms of this deal and that requalification is NOT an option.

Would you do this deal?
 
What is the deal?

You give us staroptions but what resorts are these, what size unit and what time of year (platinum) etc..
 
Deal On 316,000

Hello

I would suggest if you want a true and accurate comaparitive analysis, that you provide a complete disclosure of details. Please feel free to delete details that are not germane to the issue.

The only way to get a quality answer is to be as clear and forthcoming with details as prudence allows.

Scott
 
I know some people are curious for all the details. I'll be happy to share more detail once I've completed all my transactions with Starwood.

In the meantime, however, I think I provided enough information for people to have an opinion about the deal. (Whoever thought it would be hard to get people to express an opinion on a messageboard :) )

The other requested info (e.g. unit size, etc) is only relevant for bookings in my home resort season. For this purpose, please just assume that they are the worst resorts in the worst season and I would never make a home resort booking.
 
Up front it looks good :banana: but... since you wouldn't book at your home resort, you better hope that *wood doesn't change their policy or gets sold.:bawl:
 
RLG said:
I know some people are curious for all the details. I'll be happy to share more detail once I've completed all my transactions with Starwood.

In the meantime, however, I think I provided enough information for people to have an opinion about the deal. (Whoever thought it would be hard to get people to express an opinion on a messageboard :) )

The other requested info (e.g. unit size, etc) is only relevant for bookings in my home resort season. For this purpose, please just assume that they are the worst resorts in the worst season and I would never make a home resort booking.
Click to expand...

It's a good deal if it's not all Orlando units. As a matter of fact, it is a fantastic deal if NONE of them are Orlando units. The Orlando ones are very inexpensive and as more of them are remodeled and join SVN, they are likely to sell for even less (from Starwood). For example, when Fountains got invited into SVN, Starwood was selling 76,000 SOs there (44,000SPs) for $12,500. I am guessing as Falls, Springs and Spas and others join SVN, Starwood will be selling these units for cheap or even cheaper (given the economy).

One exception to the Orlando rule: if any of them are in the Mandatory phases at SVV, go for it NOW! You can't get a better deal than that.

:hi: Katherine
 
it is a very good deal.it will get you to 3*,correct? howmany starpoints are they throwing in?

how many starpoints if you converted the units every year would you have?
 
Do you need to turn in your current ownership in order to get the deal?

IF the deal is with no string attached - just $31,000 and 316,000 staroptions annually. It is great deal.

My only concerns is that I can spend less money with retr'd and upgrade to get the same # staroptions - It may takes more work but I get the resort that I want and be able to go there.
 
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you wil be purchasing 2-2br l/o worth 95700 each.
and 1- 3 br unit worth 125000.

so this is at the svv or at hra.

i do't have all my charts here (too tired to go to MSC)so i am not sure about sbp.

as long as svv is in the mandatory section, bella, or key west it is a great deal.

hra is always a great purchase.

go for it.
 
pointsjunkie said:
you wil be purchasing 2-2br l/o worth 95700 each.
and 1- 3 br unit worth 125000.

so this is at the svv or at hra.

i do't have all my charts here (too tired to go to MSC)so i am not sure about sbp.

as long as svv is in the mandatory section, bella, or key west it is a great deal.

hra is always a great purchase.

go for it.
Click to expand...

Since prices are basically not negotable, I think you should aim to get the maximum number of SPs. With no upgrade and no retro in the picture, the price is probably not a unique part of this deal. BUT, with better "bonus points" this deal could be sweetened. What is Starwood offering for SPs? Maybe that can help sway you one way or another. If pointsjunkie is right and you are purchasing HRA and a mandatory SVV unit, this is a FANTASTIC deal and I would not hesitate a moment!

Katherine
 
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Forget I posted this.
I hate it when I can't add with a calculator.
 
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It could be:

3 bedroom 125K at Sheraton Broadway Maint: $1100
2 2bedroom LO 95,700 Maint: 850.00
Total 316400.

If you can get it for $31K... It is a VERY good deal with no string attached.
 
Hey! Do they have those SBP 3BR for sale already??? That's a great thing to know. Katherine

Ooooh, new smilies. Gotta try to incorporate it into this post...

So not to beat a dead horse, but this sounds like a great deal. Go for it. :deadhorse:
Katherine
 
Is SBP that cheap?

RLG has not posted in awhile. Stirring the pot than watching us. I think that they are all Florida weeks.

Hopefully for them, they are not.
 
I think it is Aruba.:wave:
 
A MUCH better deal would be to get 559,000 StarOptions at the same price per SO. You would also be #1 on these boards for lowest price to obtain 5*ELITE and SPG Platinum for Life!
 
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