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Westin Riverfront Mountain Villas

smitty328

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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
 

djp

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

thinze3

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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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djp

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I am surprised the mf's are so high...
 

vacationtime1

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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.
 

thinze3

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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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