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Please post Starwood ROFR transactions here (ONLY)

pchung6

TUG Member
Joined
Mar 16, 2015
Messages
574
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198
Points
153
Location
California
Resorts Owned
WKORVN-OF, SVVx3, SBP, MKO-OV, MWR
Just closed on a 2BR WKORVN OFront 2BR for $17k Smoking deal.
That’s an awesome deal. I hope I could get a deal like that. I was just received an offer for OV WKORVN for $15k alone. Almost pulled the trigger and decided to wait. I also tried few redweek sellers and found out one OV annual was just sold for $12.5k yesterday.
 

jabberwocky

TUG Member
Joined
Apr 30, 2016
Messages
615
Reaction score
355
Points
123
Location
Canada
Resorts Owned
SVR, SDO (EOY), WKORV-N (EOY), Westin Flex (EOY)
We've just closed on a WKORV-N OF EOY unit and received the deed from the closing company today. Price submitted for ROFR was $11k. Not the absolute minimum but we're happy with the price as it was reasonable for exactly what we were wanting.
 

FamilyEsq

TUG Member
Joined
Aug 12, 2018
Messages
60
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41
Points
79
Resorts Owned
ESJ - Puerto Rico
Westin Kaanapali Ocean Resort Villas
Westin Kaanapali Ocean Resort Villas North
Congratulations!!!!!
 

Beastep

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We just cleared the ROFR on a WKORV, island view EOY 2-bedroom unit (148,100 star options) for $5k. We already have an EOY unit, so now we have two weeks every odd year.
 
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Mushed

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Apr 20, 2019
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Just got word our purchase is finalized - first TS for us! We lost a HBH platinum to ROFR a few years ago.

WKORV EOY, OV, 2BR $6500. Probably could have gone lower, but we’re happy! We like it there and will definitely go back again and again.
 

boisebruin

Guest
Joined
Jan 4, 2011
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WKORV-N 2 bedroom Island View annual unit.

Vistana just exercise ROFR on this unit for $11K. Surprised they would go that high.
 

teddyo333

TUG Member
Joined
Jul 17, 2012
Messages
122
Reaction score
46
Points
138
Location
Upstate NY
Resorts Owned
Vistana:
Westin Kierland
WKORV - OV
Desert Oasis (x5)
Vistana Villages - Bella
Vistana Villages - Key West
Sheraton Broadway Plantation
Marriott:
Marriott's Sunset Pointe
Just closed on a 1BR WKORV OV Annual for $7900. We were initially looking for a 2BR OV @ WKORV or WKORVN but do not need the extra bedroom since the majority of the time it's just me and my wife. This will allow us to go to Maui twice a year during the prime season and off-season (Using SO from VV).
 

Henry M.

TUG Member
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Apr 5, 2006
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Location
Austin, TX
A 2BR is nice, even for a couple, because the maintenance fees are not much more than for a 1BR, yet you can split the 1BR and the studio to stay two weeks, or take two separate trips. I do like the dedicated 1BR units, though. They are just a little bigger than the 1BR side of a 2BR unit, and you get the entry foyer all to yourself for extra storage.
 
Joined
Jul 11, 2017
Messages
222
Reaction score
115
Points
53
Resorts Owned
Westin KORVN and Lagunamar
The original selling price for WKORVN IV was ~$48,000 by SVO. In case anyone was curious.


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Not that it's much consolation given the resale prices but I think we paid $43,500 for ours :(. I console myself with the thought that we at least got the Explorer package paid for and a large number of SPG points included in that 'deal'.
 

echino

TUG Member
Joined
Dec 2, 2008
Messages
808
Reaction score
501
Points
304
Location
Vancouver
Resorts Owned
Hyatt Piñon Pointe
Hyatt Coconut Plantation
Hyatt Windward Pointe
Harborside at Atlantis
Westin Ka'anapali
Westin St. John
Westin Kierland
Westin Lagunamar
Marriott Canyon Villas
Marriott Grand Chateau
Marriott St. Kitts
Marriott Ko Olina
WKORV 1br OV annual failed at $6,000.
 
Joined
Jul 24, 2019
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1
Location
Portland, Oregon
Resorts Owned
WKORV-N
WKORV
-----------------------------------------------------------------------------------------WKORV 1 BRM OV Annual $7,900 passed ROFR.
 
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dnmasters

Guest
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Aug 12, 2019
Messages
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Resorts Owned
Carlsbad Inn, Tamarack Beach Resort, Marriott's Newport Coast Villas, Grand Pacific Palisades, Diamond Resorts
Just informed that Starwood/Vistana, now Marriott exercised ROFR on Gold Season 2bdrm WKV (81,000 SO) @ $501.00.
 

echino

TUG Member
Joined
Dec 2, 2008
Messages
808
Reaction score
501
Points
304
Location
Vancouver
Resorts Owned
Hyatt Piñon Pointe
Hyatt Coconut Plantation
Hyatt Windward Pointe
Harborside at Atlantis
Westin Ka'anapali
Westin St. John
Westin Kierland
Westin Lagunamar
Marriott Canyon Villas
Marriott Grand Chateau
Marriott St. Kitts
Marriott Ko Olina
There is NO ROFR on WKV!
 

CPNY

TUG Member
Joined
Jun 18, 2019
Messages
2,736
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1,116
Points
239
Resorts Owned
Harborside Resort at Atlantis
SVV - Key West
SVV - Bella
Regal Vista at Massanutten
Just informed that Starwood/Vistana, now Marriott exercised ROFR on Gold Season 2bdrm WKV (81,000 SO) @ $501.00.
Maybe there is something I am not seeing. The 2 bedroom at WKV gold season is worth 81K Star Options. But the maint fee is 1,500 if not higher. That isn’t a great MF-SO ratio. Is that desirable? Even though there is no WKV Or something was changed, maybe they took it back for inventory needs? Wondering how they exercised ROFR when technically there is none.
 

SteelerGal

TUG Member
Joined
Mar 8, 2019
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1,216
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514
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174
Resorts Owned
WKV, SDO, HPP, Bay Club
Maybe there is something I am not seeing. The 2 bedroom at WKV gold season is worth 81K Star Options. But the maint fee is 1,500 if not higher. That isn’t a great MF-SO ratio. Is that desirable? Even though there is no WKV Or something was changed, maybe they took it back for inventory needs? Wondering how they exercised ROFR when technically there is none.
It’s the area. To the unaware, Gold Plus is not a bad time. Yes, it’s hotter than Jan-May however Scottsdale always has something going on.
 

DavidnRobin

TUG Member
Joined
Dec 20, 2005
Messages
10,740
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1,129
Points
498
Location
San Francisco Bay Area
Resorts Owned
WKORV OFD (Maui)
WPORV (Kauai)
WSJ-VGV (St. John)
WKV (Scottsdale)
Maybe there is something I am not seeing. The 2 bedroom at WKV gold season is worth 81K Star Options. But the maint fee is 1,500 if not higher. That isn’t a great MF-SO ratio. Is that desirable? Even though there is no WKV Or something was changed, maybe they took it back for inventory needs? Wondering how they exercised ROFR when technically there is none.
As discussed in another thread. The WKV CCRs have no text for a ROFR.
None. Zip.
It is clearly stated in the WKORV CFRs (Sec 9.3).

If someone cares an ROFR has been used by VSE for WKV- they should challenge this.


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CPNY

TUG Member
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Jun 18, 2019
Messages
2,736
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239
Resorts Owned
Harborside Resort at Atlantis
SVV - Key West
SVV - Bella
Regal Vista at Massanutten
As discussed in another thread. The WKV CCRs have no text for a ROFR.
None. Zip.
It is clearly stated in the WKORV CFRs (Sec 9.3).

If someone cares an ROFR has been used by VSE for WKV- they should challenge this.


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Right, so how did this buyer lose their purchase? Something doesn’t seem right
 

DavidnRobin

TUG Member
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Location
San Francisco Bay Area
Resorts Owned
WKORV OFD (Maui)
WPORV (Kauai)
WSJ-VGV (St. John)
WKV (Scottsdale)
IMPORTANT NOTE:
The WKV CCRs being discussed by me are actually SDO CCRs.

I do not own SDO, but when I went to governing documents for the WKV on the VSE Dashboard - it is the SDO CCRs that apparently is listed (and downloaded). I just saw this when I saw the villa layouts.
 

vacationtime1

Tug Review Crew: Rookie
TUG Member
Joined
Sep 7, 2006
Messages
3,660
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1,091
Points
399
Location
San Francisco
Resorts Owned
Waiohai (Kauai)
WKORV-OFC (Maui)
WKV x4 (Scottsdale)
Used to own:
MKW, SDO, SBP

hohau

TUG Member
Joined
Jun 22, 2019
Messages
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Location
San Jose, CA
Resorts Owned
Lagoon Tower by HGVC
HGVC on the Boulevard
WKORV-North
SVV Key West
WKORV-N 2br OF EOYO 2021 passed at $8,100. Good thing I was sitting down when I got the news.
Someone else grabbed the other EOYE same price but not sure if it passed.

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