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Owners Update "updates"

cubigbird

Tug Review Crew Veteran
TUG Member
Joined
Apr 9, 2013
Messages
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Location
Western US
Resorts Owned
Westin Lagunamar, Westin Kierland X2, Westin St John-Sunset Bay X2, Westin Desert Willow, Westin Aventuras
I recently attended an owners update at WKV. Here are a few takeaways:

1). You can still retro by spending $20,000. This amount has not increased (yet.). They are still offering equity credit for resale weeks.
2) They offered to retro my SVR Lakes week allowing me to KEEP my deeded fixed week and NOT retro-ing into the Sheraton Flex, and losing my deeded fixed week inventory right. There was also an option to retro into Flex.
3) There are currently no plans for a Westin Flex (yet).
4) Asked about transition of new properties to VSE, there are no timeframes on them entering sales. Their main concern is Nanea, which has been much discussed. They gave the impression that they are bringing new resorts on one at a time.
5). I was also told that Starwood/VSE owns the vacant land on the other side of Westin Riverfront and there has been talk of future expansion there, although nothing concrete.

I declined any offers as I'm not looking to buy right now but thought I'd pass this on.

Of course this all came from sales so take it for what it's worth and we all know what happens when sales lips move :hysterical:
 
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czar

TUG Member
Joined
Jan 21, 2013
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Location
Madison, CT
This is great info thanks for sharing. I was wondering what the new policies are re retro and requalification.
 
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