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Westgate in Las Vegas

neen

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My husband and I visit Las Vegas once a year. We took the Westgate Planet Hollywood tour. It seemed like a great property and we almost bought. The thing is, it seems that you can always get a good deal on a hotel in Vegas.

Is it worth it to be a t/s in Vegas? What do people think of the Westgate properties?
 
S

Steamboat Bill

Here we go again down the rabbit hole.

For the record, I am in the minority as I really like Westtgate, but my opinion is limited to Park City and I bought resale. Most people here don;t like Westgate at all.

I would probably NOT recommend a Las Vegas buy from Westgate unless you love it and plan on returning for many years. Is is so easy to rent in Las Vegas .
 

timeos2

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The Tower of Terror isn't a smart buy

My husband and I visit Las Vegas once a year. We took the Westgate Planet Hollywood tour. It seemed like a great property and we almost bought. The thing is, it seems that you can always get a good deal on a hotel in Vegas.

Is it worth it to be a t/s in Vegas? What do people think of the Westgate properties?

If it gives you any idea then I refuse to call this group anything but Wastegate. You dodged a big bullet by not buying into the worst timeshare operation on the Planet - Hollywood Tower of Terror or any other location.

As for owning in Vegas as someone else posted unless you plan to use it almost every year then look elsewhere for a timeshare purchase. And remember - no Wastegates!
 

talkamotta

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Westgate has some nice resorts. My favorite is Park City Canyons and I really liked Westgate Flamingo. It is off the strip but that works well for me. I bought my first timeshare from Westgate in Orlando. I use the resort and it works well for me (most of the time) but I would count that purchase as a Lesson Learned on things not to do again.

1. Dont buy from the developer, Westgate doesnt give you anything extra for buying from then. Other developers (like Marriot) will give you some extra values, whether that justifies buying directly from them is a personal decision. If you liked that resort and think that you will always go down there, then wait a couple of years and you will see it come up on ebay (might have a ROFR)

2. I go to Vegas, but for me, its hard to spend a week there. If I was looking to buy there, I would find a resort in a points systems so I could use Vegas as a couple of days layover and then on to another destination. I live in Salt Lake and have actually drove down to Vegas and flew to other destinations because the difference in airfare justified it. (I have family in Vegas) You can get some good buys on airfare out of Vegas.

3. Trading into Vegas isnt that hard. Try a couple of them before you buy anything.
 
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Dori

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I find that LV is the only TS destination we travel to where I don't cook any meals. Everywhere else, we eat most meals in, especially breakfast and lunch. In LV, we are on the move so much, I don't want to waste valuable (gambling :D ) time preparing meals. It is the only place where we do not fully utilize our unit.

Dori
 

mrsstats

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We recently bought Wesgate Flamingo Bay as we like being off strip. It's eoy which works for us. We dont cook dinner but we like to get up, lounge around and have breakfast in. Buy resale is my only opinion.
 

CaliDave

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does anyone know if the new resort is complete? if not.. when will it be ready?
 

sernow

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Problems seems to be:

Westgate - The majority of people on this board hate Westgate and wouldn't take a timeshare from them for pennies on the dollar. I value their insight.

Developer sales - Speaking of pennies on the dollar, that is all you will recoup if you need to sell down the road.

Developer incentives and guarantees - I don't care what goodies any of the developers offer down the road (and it sounds like Westgate isn't offering any), just know that incentive programs have and will continue to be modified or eliminated. The cash savings buying resale simply outweigh any advantages from buying from a developer.

Substitute used cars for used timeshares (because all timeshares are used regardless of who you buy from) and look at it this way: You want to buy a used car. The guy down the street originally bought the car used (because all timeshares are used) for $20,000 and will sell it to you for $5000. The dealer who originally sold the used car says they'll sell that same car to you for $20,000 but will offer free maintenance on the car, free car washes, free loaner cars, free insurance, free whatever . If you could get this promise from the dealer in writing and they put up collateral that you had a lien on with the understanding that if the dealer defaulted on these promises, you would have the collateral to recoup some or all of a specified amount of the loss you suffered on the default (just like they do when you finance something from them), then you can try to determine what the present value of these benefits are and determine whether they're worth $15000 or more. The problem is the dealer doesn't do this. The dealer reserves the right to end or modify these promises at any time and has no obligation to provide you any compensation for doing so. There's no lien on collateral protecting you, you can't affect the company's credit, you can't turn it over to a collection agency, and you can't go to court to win a judgement against them, you simply get nothing if they eliminate the incentive program or change it in such a way that it becomes worthless. There is no way to assign a present value to these promises because there is no way to know if they'll exist tomorrow, and they have to be severely discounted (like almost to zero) because you are taking all the risk. It makes much more sense to take the cash savings by buying resale (not buying from the dealer or developer) because here the risk is clearly understood.
 
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