Please post Starwood ROFR transactions here (ONLY)

[dlpearson]

Westin Kaanapali North ocean front (not ocean view) 2 bedroom, every other odd year passed ROFR at $8,750 (ROFR passed mid-February, before corona really blew up, so I don't think corona had anything to do with it). I just didn't want to say anything until I had the final paperwork in hand, just in case something went south with the closing.

 

[phofusion]

Congrats on passing ROFR, thats a great price/purchase. If you dont mind sharing, did you cover all the closing costs or split closing? If so how much was it on your end. I’ve been told that closing costs are factoring into the total deal when Marriott decides on ROFR. Asking for research and am super curious. Thanks and enjoy that timeshare.


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[aeroflygirl]

Westin Ka’anapali Ocean Resort Villas (South) 1 bedroom Ocean View annual passed ROFR at $6,223.58. Seller paid closing cost. ROFR waived in 5 days. Deed was registered with Marriott 40 days after submittal. Hawaii escrow & title insurance through Old Republic was $915.00. Reimbursed seller for 2020 maintenance fees for 2020 first use. The entire process from start to finish took 18 weeks.

 

[dioxide45]

Westin Ka’anapali Ocean Resort Villas (South) 1 bedroom Ocean View annual passed ROFR at $6,223.58. Seller paid closing cost. ROFR waived in 5 days. Deed was registered with Marriott 40 days after submittal. Hawaii escrow & title insurance through Old Republic was $915.00. Reimbursed seller for 2020 maintenance fees for 2020 first use. The entire process from start to finish took 18 weeks.

Please be sure to add it to www.ROFR.net.

 

[aeroflygirl]

Please be sure to add it to www.ROFR.net.

I just added it to ROFR.net.

 

[LobsterHunter]

I have not seen any Westin Flex data points, but Marriott exercised their ROFR on a 148,100 Westin Flex package and bought it. Resale price was $10,000 w/buyer paying closing costs.

 

[iowaguy09]

I have not seen any Westin Flex data points, but Marriott exercised their ROFR on a 148,100 Westin Flex package and bought it. Resale price was $10,000 w/buyer paying closing costs.

And developer list for 148,100 Westin Flex was offered to us at owner update on 4/1/21 for $63,534.

 

[GabrielSmith]

Congrats on your purchase. Just curious how much closing was on that? SMTN is usually pricey!


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@Theiggy
Closing costs using SMTN was around $1200 but there was a $599 "credit" if we closed within a certain amount of time. Total out the door with closing costs was like $3600.

 

[TAT]

Westin Kaanapali Resort Ocean Villas WKORV (south) 2 bedroom, ocean view, annual, 148100 options. $13,000 plus $550 in closing costs passed ROFR in 5 days after submit. Adding to ROFR.net

 

[phofusion]

Westin Kaanapali Resort Ocean Villas WKORV (south) 2 bedroom, ocean view, annual, 148100 options. $13,000 plus $550 in closing costs passed ROFR in 5 days after submit. Adding to ROFR.net

Congrats!!! Thats an awesome price, almost unbelievable, way lower then I thought was possible right now. Ive been speaking recently to Syed at Advantage Vacations (bought a couple from him in the past) about prices/recent Marriott exercised ROFRs as we are looking to add to our Maui contracts and I remember him telling me they exercised ROFR on an OV unit in the South he was brokering at $17k + closing. Yours passing at $13k + $550 closing is the lowest ive heard of since Covid started. If possible can you share where you purchased from, Redweek or broker?


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[MAJPLO]

WKORVN $8000 plus closing passed (Julyish?) EOY OV 148,100


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[echino]

296,200 Westin Flex failed ROFR at $1,700.

 

[dioxide45]

296,200 Westin Flex failed ROFR at $1,700.

We haven't seen any new inventory being conveyed to the Westin Flex trust, so not surprised they would take this back to be able to flip it for big bucks. I suspect they aren't adding any new inventory in anticipation of whatever might be coming down the pike for a combined program with Marriott.

 

[LobsterHunter]

296,200 Westin Flex failed ROFR at $1,700.

Since Marriott exercised their ROFR on the sale of my 148,100 Westin Flex at $10,000, that does not surprise me at all.

 

[Venter]

They also exercised on 56 300 Westin Flex points I tried to buy. Won the bid on Ebay for $305.

 

[LahainaMoon]

Westin waived ROFR last week at $15,000 for WKORV-N EOYE Oceanfront. I realize that seems high, but Syed advised us that Westin has been exercising ROFR for higher than usual amounts lately. Seller split the costs and was current on maintenance.

 

[Ulrichdl]

2/16/22 Westin Aventuras 81,000 options failed ROFR at $499

 

[tklement]

2/19/22 Westin KOR Ocean Front Center passed at $37K

 

[phofusion]

2/19/22 Westin KOR Ocean Front Center passed at $37K

Congrats!


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[Venter]

112 000 Annual Westin Flex passed ROFR.
Payed $2750. Seller pays all other costs and buyer gets use of 109 800 Homeoptions in 2022.

 

[Disneypoor]

WKORV 2 Bedroom Lockoff Island View Biannual Odd. $6900 passed ROFR. New to this--would love feedback good or bad.

 

[DavidnRobin]

WKORV 2 Bedroom Lockoff Island View Biannual Odd. $6900 passed ROFR. New to this--would love feedback good or bad.

I would say reasonable if that is what you were looking for. Good luck.


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[oneohana]

67100 Sheraton Flex $0 w/ 2022 usage

 

[Mauiwmn]

WKORV OF Center passed ROFR for $39,000.

 

[rickandcindy23]

WKORV OF Center passed ROFR for $39,000.

I should have posted my own. I know you had one for sale. Mine were $39K, passed in just a few days. Bought two oceanfront center 2 bed lockoff units. Bought from Syed at advantagevacation.com

It's nice to have a bit of money to buy what I want and pay outright for it. The reservations the current owner had for next year were exactly what we needed X 2 to complete our five-week stay.

Hono Koa fees have gotten out of control for the oceanfront units. The management company truly sucks and people are not paying. That is my guess. Fees are about $2,350 for a 2 bed unit in the oceanfront view. The other views are not that expensive. It's oceanfront, larger units, that cost that much. We love the view, and an oceanfront hotel room is about that much.