Please post Starwood ROFR transactions here (ONLY)

[ThreeLittleBirds]

I'm trying to write my dissertation, so I have limited brain capacity, but like David, I don't see how this will impact deeded owners at all.

To used more simplified (and made up) numbers:

If you own a week at WKORV, than you are guaranteed a week each year. Might not be the week you want, but you are guaranteed a week 12-8 months out.

Let's look at a popular week, say July 1st. Let's say there are 1000 units available for July 1st check in and 50,000 owners. Only 1000 of those owners will get the July 1st week, or in other words, everyone has an equal 2% chance of booking a unit. If starwood buys half of the weeks for the trust, then there are only 500 units available for deed owners, but then there are also only 25,000 deed owners competing for that week. Still gives everyone an equal 2% chance.

However, for those of us (like myself) that own elsewhere and want to use SO's, our chance would be cut in half. I really only see the Flex program being a detriment to those of us that rely on SOs to go to WKORV, but I knew I was taking a chance when I bought at SVV. I also like to travel during slower times, so that works in my favor.

 

[LobsterHunter]

So much for the "post Starwood ROFR transactions here". This thread should be retitled as "another discussion on what Starwood may or may not do buying units for the new flex/trust program"..lol

 

[lizap]

I agree: the real losers in this will be the voluntary owners who use Starwood preference in II and to a lesser extent other mandatory owners..

I'm trying to write my dissertation, so I have limited brain capacity, but like David, I don't see how this will impact deeded owners at all.

To used more simplified (and made up) numbers:

If you own a week at WKORV, than you are guaranteed a week each year. Might not be the week you want, but you are guaranteed a week 12-8 months out.

Let's look at a popular week, say July 1st. Let's say there are 1000 units available for July 1st check in and 50,000 owners. Only 1000 of those owners will get the July 1st week, or in other words, everyone has an equal 2% chance of booking a unit. If starwood buys half of the weeks for the trust, then there are only 500 units available for deed owners, but then there are also only 25,000 deed owners competing for that week. Still gives everyone an equal 2% chance.

However, for those of us (like myself) that own elsewhere and want to use SO's, our chance would be cut in half. I really only see the Flex program being a detriment to those of us that rely on SOs to go to WKORV, but I knew I was taking a chance when I bought at SVV. I also like to travel during slower times, so that works in my favor.

 

[tborr123]

Bumping this thread

Bumping this thread to see if anyone has an update on what amount would pass ROFR for a middle OF non event week villa at WKORV.

 

[vacationtime1]

We know that WKORV-OV units get ROFR'd in the low $20K's and that WKORVN-OF units get ROFR'd in the mid-$20K's. There is a dearth of data on WKORV-OF units, probably because there are so few of them.

My guess is that Starwood will ROFR WKORV-OF units up to the high $30K's -- only because Starwood cannot allow them to sell cheaply and compete against Nanea. But Starwood's bean counters would probably not have Starwood pay too much more than that because the resulting "cost of goods sold" (the ROFR price) would be too high compared to the retail price to pay the sales department.

Please post your experience when your deal closes (or not). I am particularly curious because I also own WKORV-OF center.

 

[DeniseM]

Bumping this thread to see if anyone has an update on what amount would pass ROFR for a middle OF non event week villa at WKORV.

Contact Tugger and TS Broker, Syed - he is located on Maui.

 

[Mauiwmn]

Bumping this thread to see if anyone has an update on what amount would pass ROFR for a middle OF non event week villa at WKORV.

I believe Syed said WKORV-OFC were being ROFR in the low $40k's earlier this year. Things can change over a few months but my guess is it would take at least $41-$43k to pass ROFR now.

 

[DavidnRobin]

See this post #32
http://www.tugbbs.com/forums/showpost.php?p=1796820&postcount=32

 

[Helios]

See this post #32
http://www.tugbbs.com/forums/showpost.php?p=1796820&postcount=32

I think ROFR will go down once Nanea is sold out. Do you agree?

 

[DavidnRobin]

I think ROFR will go down once Nanea is sold out. Do you agree?

I have zero idea - plus, I plan to use my WKORV OFD for the next 15 years or so - so I will be more concerned about resale value then (if WKORV is still above water - in more ways than one... )

One thing I do know... when Nanea is 'sold out' - resale will be less than buying from SVO

 

[ThreeLittleBirds]

WPORV EOYE $4700 - Starwood exercised ROFR

 

[bryanphunter]

WPORV EOYE $4700 - Starwood exercised ROFR

How soon does ROFR happen in the closing process? I won a WKORV that I'm sure won't pass ROFR and I think the company is dragging their feet.

 

[lawboy2001]

WPORV EOYE $4700 - Starwood exercised ROFR

I follow "Quality Timeshare Closings" on Facebook, as the operator posts ROFRs and waivers. In late December she indicated that a WPORV EOY passed at 10k. Two annual Princevilles were ROFR at 10,499$ and 9500$ Prices have really ramped up in the past year or so.

 

[maph]

How soon does ROFR happen in the closing process? I won a WKORV that I'm sure won't pass ROFR and I think the company is dragging their feet.

I submitted a WKORV purchase last fall & they took it right down to the wire before exercising. Afternoon of the 10th business day.

 

[DavidnRobin]

WPORV EOYE $4700 - Starwood exercised ROFR

Thanks for the info - gives an idea what WPORV is valued at.
Seems to be increasing.

 

[Westnick]

Westin Ka'anapali Ocean Resort Villas North "WKORVN"

Just recieved notice from Syed. WKORVN EOYE OF 2 bedroom LO passed rofr.
$12,000 :whoopie:

 

[bosca418]

Any more recent rofr updates?

 

[DavidnRobin]

Any more recent rofr updates?

Or people who posted before - and never came back with their ROFR decision or amount.

 

[serendip7]

Westin Ka'anapali Ocean Resort Villas - WKORV

3/3/2016 - Starwood/Vistana ROFR'd my purchase of an annual island view 2br

Sale price was $9375

 

[DavidnRobin]

3/3/2016 - Starwood/Vistana ROFR'd my purchase of an annual island view 2br

Sale price was $9375

South resort IV Premium?
Interesting. Thanks.

 

[ACE1]

WKORV-N 2 bdrm., OF, EOY, 176,700 Options passed Vistana ROFR at $12,500. Debbie

 

[maddog497]

We are in the process of purchasing 2 contracts. Sheraton Vistana Village Bella, and Sheraton Vistana Village Keys West. 97,500 and 67,100.

I questioned Mary from LTT if we should be concerned about ROFR. She responded back:

"There is not a ROFR required for these two resorts/Vistana Villages, so no worries on that issue."

Is this not correct, or am I missing something? Could Sheraton invoke ROFR?

After reading the thread I believe this is meant for WKORV, not Bella or Keys. I think I may have answered my own question.

Sent from my Redmi Note 4 using Tapatalk

 

[VacationForever]

We are in the process of purchasing 2 contracts. Sheraton Vistana Village Bella, and Sheraton Vistana Village Keys West. 97,500 and 67,100.

I questioned Mary from LTT if we should be concerned about ROFR. She responded back:

"There is not a ROFR required for these two resorts/Vistana Villages, so no worries on that issue."

Is this not correct, or am I missing something? Could Sheraton invoke ROFR?

After reading the thread I believe this is meant for WKORV, not Bella or Keys. I think I may have answered my own question.

Sent from my Redmi Note 4 using Tapatalk

Read here for ROFR resorts:
http://tugbbs.com/forums/index.php?threads/svo-transfer-fee.94094/#post-691410
- Only Princeville, Ka anapali and Mission Hills have ROFR

 

[maddog497]

Read here for ROFR resorts:
http://tugbbs.com/forums/index.php?threads/svo-transfer-fee.94094/#post-691410
- Only Princeville, Ka anapali and Mission Hills have ROFR

Still trying to figure this all out, thank you.

Jim

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[dioxide45]

Yup, no worries on ROFR at SVV. We have bought two with no mention of it.