remowidget
TUG Member
- Joined
- Jul 22, 2017
- Messages
- 484
- Reaction score
- 211
- Resorts Owned
- Westin Lagunamar X3
I don't think that they can retro First Right of Refusal. It has to be in the contract when it is sold. I remembered from previous research that most Vistana properties do not have First right of refusal, but sales reps will lie about this and many, many things. Here is what I found:
"They have a Right of First Refusal option on four of their properties – those properties are Westin Kaanapali Ocean Resort Villas, Westin Kaanapali Ocean Resort Villas North, Westin Princeville Ocean Resort Villas and Westin Mission Hills in Palm Desert, California."
Additionally, I don't think that they care if there is available inventory in Lagunamar for the Adventura program. There is plenty available at the other Cancun Westin and in Los Cabos. Why have inventory when they can just lie to prospective buyers about it? Much cheaper that way and they do lie about it. If they wanted inventory, they could buy it cheaply on the open market. Check out Redweek or the selling section here.
They have been telling us for years we needed gold season ownership to come in gold season because we only own Platinum from the developer. I've never had an issue booking at 8 months, although I do have to be a little flexible on dates. This year, they told us that Marriott owners would be able to directly book into our units at 8 months, which is a total bald face lie. They were referencing what has since been announced with the Marriott - Vistana trading preference in II. The Lagunamar resort manager told a friend that Marriott owners would never be able to directly book into Lagunamar. They cannot change the terms of our contracts after the fact. He also told everyone at the owners meeting in January to keep our week ownership, that we should not trade for a points program. After the Mariott guys jumped in, he did hedge by saying that if we wanted more time the points program was a good way to go. Lol.
There was a couple next to us last month at the pool, who traded their Princeville ownership for Adventura. I tried to talk them into rescinding, but they were happy with their purchase. Basically they paid $17k to get an extra 30k staroptions a year. Their maintenance fees basically stayed the same because they went from every other year to every year. Their big motive was they wanted to come to Lagunamar and they could now book at 12 months. They wouldn't listen to me that they very well may not be able to book at 12 months. They believed the salespersons lies about it.
I heard several people bragging about the good deal they were getting by being able to purchase Bonvoy points at 0.6 cents each. According to the points guy, they are worth 0.8 cents each. So these people were buying new timeshare time in large part due to saving 25% on bonvoy points. Now there is a huge reduction in value of points coming up in a month or so. Overall 1500 hotels are moving up in category(that's a net number after subtracting the few going down in value). I'm anxious to see what the new value of points will be, but for sure it is going to be less.
"They have a Right of First Refusal option on four of their properties – those properties are Westin Kaanapali Ocean Resort Villas, Westin Kaanapali Ocean Resort Villas North, Westin Princeville Ocean Resort Villas and Westin Mission Hills in Palm Desert, California."
Westin Starwood First Right of Refusal - Advantage Vacation Timeshare Resales
My name is Syed Sarmad and I’m the principal broker for Advantage Vacation. Advantage Vacation is a licensed real estate company specializing in timeshare resales. In particular, we specialize in Westin timeshare resales. Today I would like to talk about Westin’s Right of First Refusal option...
advantagevacation.com
Additionally, I don't think that they care if there is available inventory in Lagunamar for the Adventura program. There is plenty available at the other Cancun Westin and in Los Cabos. Why have inventory when they can just lie to prospective buyers about it? Much cheaper that way and they do lie about it. If they wanted inventory, they could buy it cheaply on the open market. Check out Redweek or the selling section here.
They have been telling us for years we needed gold season ownership to come in gold season because we only own Platinum from the developer. I've never had an issue booking at 8 months, although I do have to be a little flexible on dates. This year, they told us that Marriott owners would be able to directly book into our units at 8 months, which is a total bald face lie. They were referencing what has since been announced with the Marriott - Vistana trading preference in II. The Lagunamar resort manager told a friend that Marriott owners would never be able to directly book into Lagunamar. They cannot change the terms of our contracts after the fact. He also told everyone at the owners meeting in January to keep our week ownership, that we should not trade for a points program. After the Mariott guys jumped in, he did hedge by saying that if we wanted more time the points program was a good way to go. Lol.
There was a couple next to us last month at the pool, who traded their Princeville ownership for Adventura. I tried to talk them into rescinding, but they were happy with their purchase. Basically they paid $17k to get an extra 30k staroptions a year. Their maintenance fees basically stayed the same because they went from every other year to every year. Their big motive was they wanted to come to Lagunamar and they could now book at 12 months. They wouldn't listen to me that they very well may not be able to book at 12 months. They believed the salespersons lies about it.
I heard several people bragging about the good deal they were getting by being able to purchase Bonvoy points at 0.6 cents each. According to the points guy, they are worth 0.8 cents each. So these people were buying new timeshare time in large part due to saving 25% on bonvoy points. Now there is a huge reduction in value of points coming up in a month or so. Overall 1500 hotels are moving up in category(that's a net number after subtracting the few going down in value). I'm anxious to see what the new value of points will be, but for sure it is going to be less.
