There are two or 3 ways to do it.
One is purchase retail, at the time doing the purchase, do an equity trade.
One is purchase resale, and just sell you have.
One is do nothing, or buy contract in other area.
retail purchase will put you to a new resort. If they can guarantee that the new resort will have no chance to open, than the MF part can be guarantee. Mostly, since resort is not fully utilized, there is less HK to worry, and no default MF, and very likely, no reservation fund. There is also a chance that the originally building material is cheap one. So if you take that route you should expect the fee get up in 2 or 3 years depend on the stage of the resort. Since retail purchase cost 100% money that can not be recover, and sure add more points you will need. It may work if you have over 4 M of points. $1/k saving in MF is $4000 saving in old contract. So depends on how much the point you are required to purchase, and what kind of extra benefits it may bring, it will determine if it works or not.
Resale route will take times, especially if you want certain area. And depends on how much you pay and how much you get, you may loss money. But rest assure, you will loss much less than retail purchase. You do loss all your VIP ability those unless your points is all resale point. Wyndham transaction take long time, so you need to plan to make the whole thing smooth.
Now the question is why do anyone want to reconsile contracts into the same area in a point system like this?
I believe most people will rather value flexibility more if they purchase Wyndham system. By not reconsile, you reduce your chance to get hit by SA in one bad event. You get ARP right on any resorts you own as long as you own enough points on them during ARP period. You have more flexibility when determine owning, trading, renting.
A simple example in your case, You could have Sea Watch in your profole for personal use, that is high in MF, than you could have some cheap MF, you used for internal and external exchange, or renting purpose. You could have enough Royal Vista point you just make a reservation every year and rent it out. You could alternate SW and RV every other year on the purpose.
And if you get tired of one place, you just replace that with different places through resale if they are not purchase retail. The process is much easier.
Jya-Ning