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ROFR for Starwood may increase

Correction

Fredm said:
WKORV, WKORV-N, WPORV, WMH, WDW.
Click to expand...

I just received a confirmation from Starwood.
WDW does NOT have an ROFR.

Per their verifications department, the 3 Hawaii resorts and WMH are the only 4 resorts with ROFR, currently.
 
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jerseygirl said:
Well, that's odd. :confused: Your thoughts Fred?
Click to expand...

I don't know what to say. I had to ask a second time to be sure of what I was being told.

Since I was the one who posted that WDW did have an ROFR, I wanted to post the correction.
It also answered the previously unknown status of Bay Villas and Riverfront.
No ROFR.

ETA: I just received confirmation in writing from Starwood's verifications department.
WKORV, WKORV/N, WPORV, and WMH, are the only resorts with ROFR.
 
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Well, if this was their sales revenue plan, so much for that! Perhaps we need to help them come up with an eBay buyer name. Anyone? Nodge?
 
WMH 2 bedroom platinum, eBay purchase, exercised at $1707. No surprise I guess given Fred's numbers.
 
WKORVN annual IV exercised today at $14,000.

WPORV eoy even exercised today at $8,000.
 
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Wow a year ago WPORV annual 2 BDR was going for $1,000 or less on eBay.

Fredm said:
WKORVN annual IV exercised today at $14,000.

WPORV eoy even exercised today at $8,000.
Click to expand...
 
Wkorv

I started another thread on this but I am repeating here. WKORV EOY even first use 2014 1 bedroom ocean view ROFR exercised at $4500. This was last week. This is only slightly less than I paid in 2008. Don't know if that helps people. I do love the resort. The reason I sold is their ridiculous increasing maintenance fees. They do seem to be recycling and reselling more now. Another way for them to gouge. Very annoying. Marcy
 
WKORVN eoy odd IV exercised at $9,000, with seller paying 2012 portion of 2013use fees.
 
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Wow!!!! I've heard several reports that Hawaii hotel occupancy rates/revenues are significantly up from previous years - particularly on Maui and Oahu. Maybe Starwood is getting ready with inventory for a busy whale/sell season?
 
ada903 said:
Wow. Thanks.
Click to expand...

With the seller paying 2012 fees, the effective review price was ~7800.

Given that Starwood exercised a POR eoy at 8k, I am not shocked by it.

Earlier in this thread I offered an opinion about where Starwood's threshhold might be. So far, they remain at the lower end of my estimates, but pushing upward.
 
Starwood recently waived the following

WKORVN Island villa annual $16,000
WKORV Deluxe oceanfront $35,000

WPORV Even year $7500


WKORV Deluxe Oceanfront $25,000 was exercised
 
WKORV-North

Starwood excercised my WKORV-North at 11,500 2014 first use (island view, annual)
 
KACTravels said:
Wow! Thanks for keeping us informed on the ROFR activity.
Click to expand...

Yes, thank you, Fred! I have a 2BR WKORV OV annual currently pending at $17K. I'm not terribly optimistic at this point. How long do they generally take to exercise/waive?
 
feckman said:
Yes, thank you, Fred! I have a 2BR WKORV OV annual currently pending at $17K. I'm not terribly optimistic at this point. How long do they generally take to exercise/waive?
Click to expand...

Starwood has 10 business days after date submitted. This usually translates to 15 calendar days.
They have been turning things around in 9-10 calendar days recently, but workload can change at any time.

My most recent experience with annual OV:
16,900 failed. 17,500 passed. Another 17,500 failed.

Good luck!
 
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Fredm said:
Starwood has 10 business days after date submitted. This usually translates to 15 calendar days.
They have been turning things around in 9-10 calendar days recently, but workload can change at any time.

My most recent experience with annual OV:
16,900 failed. 17,500 passed. Another 17,500 failed.

Good luck!
Click to expand...

Thanks much! I almost hope it does fail -- we've heard from a few people that OV units in the North property generally have better views than those in South. This left us feeling that we should've made an offer there.

I don't want to hijack the thread, but does this sound about right?
 
Feckman, we own OV at WKORV and OF at WKORVN. I think some of the best OV villas at South have better views than some OF villas at North. South villas are larger, have full kitchens with ovens, dining table for 6 (vs 4 at North), and lower MF's. They do not have the second balcony on the LO studio, though. The villas I would not want to own are IV at South.
 
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