Ocean Front now has more Starpoints and Options [merged]

[dioxide45]

One thing that was and is still very helpful to us Marriott owners is that TUGger dioxide45 found the legal filings for the Trust shortly after Marriott established its Points system, and keeps up with the ongoing conveyances to it (Recorded Trust Documents.) It could also help you Starwood folks if one of your legal minds could find your similar docs.

From the outside looking in, it seems to me that the Starwood spin-off to Vistana reflects protection for the timeshares because haven't they announced - or aren't there trade rumors - that it's only the hotel business that's on the market? Are there indications that they're also shopping the Vistana spin-off?

Here is the trust document for the Sheraton Flex Trust.

http://or.occompt.com/recorder/eagl...16.pdf?id=DOC1666S7071.A0&parent=DOC1666S7071

Notice/Declaration (never saw this for Marriott)
http://or.occompt.com/recorder/eagl...17.pdf?id=DOC1666S7072.A0&parent=DOC1666S7072

There are conveyance docs out there too. I am on an iPad, so digging those out isn't easy. I may get to it later, but in the mean time, one can search on the Orange County Florida Comptrollers page for Grantee="CHICAGO TITLE TIMESHARE LAND TRUST INC FLEX VACATIONS OWNERS ASSOCIATION INC " or Grantor="SHERATON FLEX VACATIONS LLC" for "Notice" document types.

 

[GregT]

Here is the trust document for the Sheraton Flex Trust.

http://or.occompt.com/recorder/eagl...16.pdf?id=DOC1666S7071.A0&parent=DOC1666S7071

Notice/Declaration (never saw this for Marriott)
http://or.occompt.com/recorder/eagl...17.pdf?id=DOC1666S7072.A0&parent=DOC1666S7072

There are conveyance docs out there too. I am on an iPad, so digging those out isn't easy. I may get to it later, but in the mean time, one can search on the Orange County Florida Comptrollers page for Grantee="CHICAGO TITLE TIMESHARE LAND TRUST INC FLEX VACATIONS OWNERS ASSOCIATION INC " or Grantor="SHERATON FLEX VACATIONS LLC" for "Notice" document types.

Good work Dioxide -- it's amazing the stuff you can find on the internet.

Best,

Greg

 

[GregT]

All,

Is Scottsdale Pinnacle the original name for Sheraton Desert Oasis?

I only found approx 10 notices conveying weeks to the Trust, and they were all for SBP or Scottsdale Pinnacle. There may be others, but that's all I could find.

Interesting to see the Marriott strategy now playing out in the Starwood world. I do wonder if resale Voluntary purchases will have an entry option to play in the new program. Interesting.

Best,

Greg

 

[SueDonJ]

Here is the trust document for the Sheraton Flex Trust.

http://or.occompt.com/recorder/eagl...16.pdf?id=DOC1666S7071.A0&parent=DOC1666S7071

Notice/Declaration (never saw this for Marriott)
http://or.occompt.com/recorder/eagl...17.pdf?id=DOC1666S7072.A0&parent=DOC1666S7072

There are conveyance docs out there too. I am on an iPad, so digging those out isn't easy. I may get to it later, but in the mean time, one can search on the Orange County Florida Comptrollers page for Grantee="CHICAGO TITLE TIMESHARE LAND TRUST INC FLEX VACATIONS OWNERS ASSOCIATION INC " or Grantor="SHERATON FLEX VACATIONS LLC" for "Notice" document types.

As much as what you initially found when you found it helped us Marriott folks after the DC was established, it would have helped that much more if we'd known to look for and review the docs earlier in the process. And it certainly helps us that you're continuing to search out Marriott-related items.

This is what I was trying to get across to the Starwood folks ... and I guess it's no surprise that you're at the helm.

 

[krj9999]

Yes, Scottsdale Pinnacle is the original name for SDO.

Interesting is the maximum price per point declaration:

<<Trust Developer guarantees to each Owner, through December 31, 2016, that the total annual Assessment will not exceed $0.01484 per Ownership Point for Vacation Ownership Interests other than Biennial Vacation Ownership Interests>>

 

[DeniseM]

I do wonder if resale Voluntary purchases will have an entry option to play in the new program. Interesting.

Probably like requalifying a resale: buy a new Flexoption ownership from the developer at full retail, and grandfather in your existing ownership into the Flexoption program.

Win-win for Starwood - make a full-priced sale, and add 2 weeks to their Flexoption inventory.

 

[pchung6]

Win-win for Starwood - make a full-priced sale, and add 2 weeks to their Flexoption inventory.

It doesn't sound too good to me. As SVN owner just purchased from developer less than a year ago, now they are selling something new that I cannot participate. I just don't sit well with that.

 

[DeniseM]

It doesn't sound too good to me. As SVN owner just purchased from developer less than a year ago, now they are selling something new that I cannot participate. I just don't sit well with that.

Since you own a deeded week - you can still reserve your deeded week. You don't need the Flex System.

 

[tschwa2]

Unless they add something really decent into the trust, you are better off not in the Sheraton Flex. New doesn't mean better. It's just a repackage of unsold lower season weeks and some reacquired high and mid level weeks at resorts that you don't need home week advantage. In many cases the MF's per point will be higher than if you bought a non trust week at the same resorts.