Please post Starwood ROFR transactions here (ONLY)

[KevSki]

We bought a SVV Bella for $1.00 and had no problem, no ROFR

 

[Pdhillon]

Just closed our deal and Vistana did not exercise ROFR!

WKORV-N - Event Week 51 - Annual usage - 2 bdrm lock off - island view - $17k . We were happily shocked!


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[DeniseM]

That's amazing! Congrats! In the years that you don't use it, it will be a very good renter at higher than the usual rate.

 

[Sugarcubesea]

WPORV EOYE $4700 - Starwood exercised ROFR

Wow, that one really surprises me... I would an EOY would get pass ROFR at that price...

 

[dyi27308]

On March 15, 2017, Vistana exercised ROFR on a WPORV, EOYO. Working with Syed, the offer was $6400.00 which included $5000.00 offer amount and $1400 reimbursement for 2017 maintanence fee,which included 2017 usage. The seller bought from the developer so it must have been hard for them to see Vistana buying it back for a fraction of the initial cost.

 

[kobidobi]

We are looking to buy a WKORV OFC unit and I just followed up on a listing that was recently sold on Redweek through their service team for $34900. The agent informed me that Vistana waived ROFR.

 

[Mike Y]

Hi everyone. Just closed on a WKORV 2bd Lock off deluxe corner for $11k. Maininence fees = $3k. Westin waived ROFR 11 days in. I was scared that we'd lose it for that price, but I wonder if they've been aggressive earlier in the year and now not so much, or with the high MF for the deluxe corner, they figured a bird in that hand is best option.

 

[CalGalTraveler]

Hi everyone. Just closed on a WKORV 2bd Lock off deluxe corner for $11k. Maininence fees = $3k. Westin waived ROFR 11 days in. I was scared that we'd lose it for that price, but I wonder if they've been aggressive earlier in the year and now not so much, ...

Was this a platinum annual or EOY OF unit?

I have been considering WKORV or WKORV-N but two factors have been causing me to pause:

1) the high maintenance fee - why is Vistana almost $1000 more expensive annually than a 2 BDRM at HGVC in Hilton Honolulu?
2) Uncertainty over what Interval International will do with Vistana.

 

[Grandma2016]

We currently have an offer in for WKORV North OF annual usage week 52. Into our 2nd week waiting to see if they exercise their ROFR. I will keep you posted. Will probably find out the outcome while we are in Maui!!!!!

 

[rickandcindy23]

Was this a platinum annual or EOY OF unit?

I have been considering WKORV or WKORV-N but two factors have been causing me to pause:

1) the high maintenance fee - why is Vistana almost $1000 more expensive annually than a 2 BDRM at HGVC in Hilton Honolulu?
2) Uncertainty over what Interval International will do with Vistana.

It's Westin, so they can. And it's a lockoff, and not in a high-rise. And it's West Maui, a highly desired area. Plus the property taxes are very high for Maui (thanks to a Mayor and city council that doesn't particularly care to have timeshares on the island).

I just advised my sister to buy Westin, if she wants Westin and oceanfront, and she was aghast at the resale prices. I told her, "IT'S THE WESTIN."

 

[Mike Y]

Was this a platinum annual or EOY OF unit?

I have been considering WKORV or WKORV-N but two factors have been causing me to pause:

1) the high maintenance fee - why is Vistana almost $1000 more expensive annually than a 2 BDRM at HGVC in Hilton Honolulu?
2) Uncertainty over what Interval International will do with Vistana.

Yes- annual, platinum plus- weeks 1-50

 

[CalGalTraveler]

It's Westin, so they can. And it's a lockoff, and not in a high-rise. And it's West Maui, a highly desired area. Plus the property taxes are very high for Maui (thanks to a Mayor and city council that doesn't particularly care to have timeshares on the island).

Maui is desirable and expensive but so is Honolulu - There are OV condos in front of the Ala Moana next door to Hilton Hawaiian Village (HHV) OF/OV units selling for $20 million. (Albeit different vibes but some people will prefer Maui and others will prefer HNL - so personal preference is a wash.)

The resale costs are roughly equivalent, so it begs the question as to why Westin maintenance is about $1000 more per year...

I am comparing maintenance fees that cover operating costs so I don't think there are significant differences in Lock-off or high-rise. Besides HHV HGVC also has 2 Bdrm lock-offs.
Are owners paying higher licensing fees for the Westin Brand than the Hilton Brand?
Are the Westins run less efficiently than HGVC units?
Are Westin managers taking bigger salaries?
On the other hand, Hilton has owned HHV since mid 1900s so perhaps property taxes and land costs are grandfathered?

If anyone has access to the WKROV or WKROV-N HOA operating budget, it would be good to compare so we can understand where the $1000 difference comes from.

 

[Mike Y]

We currently have an offer in for WKORV North OF annual usage week 52. Into our 2nd week waiting to see if they exercise their ROFR. I will keep you posted. Will probably find out the outcome while we are in Maui!!!!!

Good luck! May I ask you offer price? I tried for an OF, but wife wouldn't let me go much beyond.

 

[rickandcindy23]

Well, we are going to be on Oahu at one of the Hilton resorts next year, and then I can compare apples to apples, but I cannot compare without staying. We did stay at Hilton Kingsland and Hilton's Kohala Suites. I thought those units were a few steps down from the Westin units and grounds. Proximity to the ocean and the beautiful beach by the Westin Ka'anapali resorts makes the Westin a gorgeous property.

We have stayed at the Wyndham Waikiki Beach Walk before, and I didn't particularly like staying downtown.

Of course, we own at a dump in comparison to the Westin and to the Hilton.

Hilton is building its resort in Kihei, not West Maui. I don't know why people do not like Kihei. I like that area.

But we love where we own, and our lanai is 35 feet to the ocean, and it's in West Maui.

 

[vacationtime1]

Hi everyone. Just closed on a WKORV 2bd Lock off deluxe corner for $11k. Maininence fees = $3k.

The resale costs are roughly equivalent, so it begs the question as to why Westin maintenance is about $1000 more per year...
If anyone has access to the WKROV or WKROV-N HOA operating budget, it would be good to compare so we can understand where the $1000 difference comes from.

A typical WKORV "premium" two bedroom unit is about 1400 square feet, including lanai; the current MF's are $2,265.

About 20% of the WKORV two bedroom units are "deluxe" units, meaning they are a few hundred square feet larger and come with about $800 higher MF's (MF's at WKORV are in proportion to square footage).

Was this $1000 more amount is based on the atypical deluxe unit? What are the MF's for a two bedroom unit at the HGVC's on Oahu?

 

[rickandcindy23]

A typical WKORV "premium" two bedroom unit is about 1400 square feet, including lanai; the current MF's are $2,265.

About 20% of the WKORV two bedroom units are "deluxe" units, meaning they are a few hundred square feet larger and come with about $800 higher MF's (MF's at WKORV are in proportion to square footage).

Was this $1000 more amount is based on the atypical deluxe unit? What are the MF's for a two bedroom unit at the HGVC's on Oahu?

Is that $2,265 with taxes included? Property taxes must be crazy for the Westin. Mine at Hono Koa are $280 per year.

 

[vacationtime1]

Is that $2,265 with taxes included? Property taxes must be crazy for the Westin. Mine at Hono Koa are $280 per year.

Yes, taxes are included.

SVM/VSE fee not included: about $140 for the first Vistana mandatory property, about $50 for the second, additional ones are "free".

 

[CalGalTraveler]

A typical WKORV "premium" two bedroom unit is about 1400 square feet, including lanai; the current MF's are $2,265.

About 20% of the WKORV two bedroom units are "deluxe" units, meaning they are a few hundred square feet larger and come with about $800 higher MF's (MF's at WKORV are in proportion to square footage).

Was this $1000 more amount is based on the atypical deluxe unit? What are the MF's for a two bedroom unit at the HGVC's on Oahu?

I was comparing primarily 2 bdrm OV and OF units on the WKORV North property which run at about $2722 per year.

As requested, here is a comparison to Hilton Hawaiian Village Maint Fees (many thanks to TUG to enable this analysis):

Grand Islander (newly built) 2 BDRM Penthouse (view of Diamond Head) = $1897/year

Lagoon 2 BDRM OV $1582/year
Lagoon 2 Bdrm (2 Story) Penthouse = $1984/year
Lagoon 3 Bdrm (2 Story) Penthouse = $2387/year

Grand Waikikian 2Bdrm Plus/Premier OV = $1537
Grand Waikikian 2BDRM Penthouse $2997

 

[DavidnRobin]

Yes- annual, platinum plus- weeks 1-50

Is this Deluxe villa an OF, OV, or IV? There are 3 view types (this is of key importance...).

Based on price - I assume that this is not OF.

 

[Grandma2016]

Just arrived in Maui today and got notification vistana did not exercise their FROR. Syed had told me they had until Monday but email came today. We picked up WKORV north Oceanfront annual usage week 52 for 30k. I feel like this was a steal.

 

[rickandcindy23]

That is a bargain!

We picked up WKORV north Oceanfront annual usage week 52 for 30k.

 

[Grandma2016]

Good luck! May I ask you offer price? I tried for an OF, but wife wouldn't let me go much beyond.

Just found out yesterday we got it for 30k. They did not exercise ROFR

 

[ssreward]

Does anyone know if they're currently/have ever exercised ROFR on Flex points? The resale info sheet says it's an option but I've been unable to find info on if it's being used. Thanks in advance!

 

[AlmTravel]

Hi, Vistana just ROFR'd WKORV 1 Bd Premium Ocean View for $5995

 

[AlmTravel]

Inquired about another WKORV 1 Bd Premium Ocean View
Listing was not yet marked as sold.
Agent reported Westin exercised the ROFR @ 7k