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Westin Riverfront Mountain Villas

smitty328

TUG Member
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Location
Texas
WRF goes on sale this month

2BRLO

Annual Biannual SOs
Platinum Plus 44,900 28,900 148,100
Platinum 25,900 16,900 95,700
Silver 19,900 12,900 46,500
 
Here are the prices at Westin Riverfront with SO's, SP' and MF's.

In order to purchase a Platinum Plus ski week, you must also purshase a Silver week.


Terry
 

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to buy a 2br ski...do you have to buy a 2br silver
 
to buy a 2br ski...do you have to buy a 2br silver



At this time, YES!

To me it is nothing more than a pricing scheme. I bet that soon, Starwood will raise the ski prices up close to $55-60K, and then they will drop that Silver purchase requirement.
 
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I am surprised the mf's are so high...
 
In order to purchase a Platinum Plus ski week, you must also purshase a Silver week.

This will help Starwood by allowing it to sell nearly worthless silver season weeks for a substantial price; it is a stealth revenue enhancer.

This could separately benefit the HOA by insuring that those mud season weeks generate MF revenue.

I wonder whether the "tied-in" purchase of the mud season week is on the same deed as the ski week and whether the silver week can later be sold separately. If the CC&R's or other governing documents permit the silver week to later be sold separately, then some of those silver weeks will end up in the hands of non-paying owners and the HOA will not get the anticipated benefit. It will also create two tiers of ski weeks -- those that must pay double MF's and those that do not. Double MF's = $4,000+ per year, an expensive ski vacation (especially for weeks 48-50). This creates an incentive to dump the silver week at any price and to sell the ski week separately; the project documentation should cover this, but who knows.

I note that there are other ski area TS's with multiple week arrangements. This may make economic sense (a ski week has a higher use value than a summer week, so it should bear more of the MF's), but it requires more analysis of the plan documentation and in determining the correct price to pay.
 
I am sure the weeks are deeded separately, as the rep was checking to see if a platinum (summer) week could be substituted for the fall silver (spring/fall) week. The price difference is $6K more for the platinum week, but it offers more than double the Star Options.

The maintenance fees are the same for all weeks.
 
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