DanCali
TUG Member
- Joined
- Sep 17, 2009
- Messages
- 4,500
- Reaction score
- 1,802
- Points
- 398
- Resorts Owned
- Vistana, Marriott, DVC
Along the lines of the point that DanCali makes - I don't understand what it really looks like to get rid of a Flexoptions purchase (such as the one outlined in DanCali's option 1 scenario). My question is specific to some date in the distant future when the owner of these Flexoptions decides that they no longer want them and their associated maintenance fees. I can imagine what it would look like to put the WKV platinum 1 BR (or DanCali's option 2) on the resale market. Can someone please help me to understand what re-sell (or otherwise "getting rid of") option 1 will likely actually look like?
You would basically have to list them for resale and find someone to buy them. That's not a position I would want to be in.
Because this product is restricted on the resale market (no Staroptions at 8 months) the demand for it is limited and it also doesn't help that 30K Flexoptions are only good for booking a 2-3 nights is most places. It'd be hard to find a buyer willing to take it from you even for free, although Vistana may exercise it's ROFR when you do eventually find a buyer. Here is the recent experience of a tugger who was looking to buy a similar Flex product (Aventuras):
Westin Aventuras ROFR
I thought I'd try to pick up a Westin Aventuras package, but ROFR was exercised twice: 1. 37K EY for $1 + closing; notified on 4/19/23 2. 44K EOY for $1000 + closing; notified on 5/3/23 Not surprised and TBH, it was for the best. We don't need more, and the idea of the potential hassle of not...
tugbbs.com
WKV is a mandatory resort. A resale buyer may not be able to use it in Abound but can use it in VSN. And 67.1K SOs is enough to book at least a studio for a week in most places and seasons. Therefore, imo it is likely to maintain a relatively decent resale value as it has for the past 20+ years.