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No - the Flex points can be used for timeshare exchanges. The overlay looks something like this. So for example if you wanted to trade into a 2 bedroom in II with a resort and time period TDI of 115-130 you would need to deposit 81,000 HomeOptions/StarOptions.
I was in II again today. Should my Westin Flex points be in the same deposit area as my week ownership at WKORV-N? I do see the Westin Flex under what I own in my profile. I am trying to figure out how to use my flex points for an exchange.