DavidnRobin
TUG Member
- Joined
- Dec 20, 2005
- Messages
- 11,863
- Reaction score
- 2,261
- Location
- San Francisco Bay Area
- Resorts Owned
-
WKORV OFD (Maui)
WPORV (Kauai)
WSJ-VGV (St. John)
WKV (Scottsdale)
Hey all -
Long time visitor of STJ, first time poster here. Apologies in advance for the long post.
Was hoping to get some feedback after wading through this thread (over the last several months).
My family and I (kids are almost 6 and 3) love St. John and endeavor to go every year. Going forward, we would likely be limited to going over Christmas Week and/or Presidents Week on account of school holidays.
We have stayed at various different Westin Villas over the years (2bdrm Hillside, studio hillside, 3 bdrm BV, etc.) both with other families as well as by ourselves, in addition to stays at villa rentals on the Cruz Bay side (still haven't stayed at Co. We've sat through two different Time Share presentations (one on our Honeymoon, one this past year) first for the freebies but also for the lay of the land. We are now considering taking the plunge.
I have a number of questions that I thought I could throw out to the masses and get some thoughts/feedback...so here we go:
1. Is Starwood currently subsidizing the maintenance at the Bay Vista Villas? If so, will they willingly admit that and give any info as to how long they intend to do so?
2. Is there any way to see the finances prior to purchasing?
3. Our goal is to spend the overwhelming majority of time in STJ so I am not especially concerned with the ability to transfer to a different resort (although I suppose its possible we may consider that occasionally). So, having the SO is not on the top of my priorities. That being said, the incentives offered by SVN are fairly attractive (250K SPs). Is there a reason I should be going re-sale beyond price? Having looked around a bit, I haven't seen many platinum plus weeks at competitive rates (although I might not be looking in the right places).
4. Being able to secure the week of my choice is probably my biggest concern. We are most interested in the 2 bdrm loft. However, I believe there are only 8 of those units. How many of those units does the Westin make available to Timeshare owners at any given week and will I be constantly shut out of them when I try to book during these two highest volume weeks? Is there some type of formula that governs the availability of these units? Obviously the resort would like to retain XMas/Prez Week to sell retail.
5. How does the Platinum Plus period work? Is Xmas week 2013 the same year as Pres Week 2014 or is everything strictly calendar year? In other words, if I am trying to plan my vacation for next year's school year, the Xmas week is a different year than the Prez Week, for reservation purposes, right?
6. Is the price from Starwood at all negotiable? They quoted us a range from approx $53K for a 2brm to $63K for a 3 bdrm with a 2 bdrm loft falling somewhere close to the 3 bdrm price. They made it a point of saying that they have "price integrity" - meaning they don't negotiate (Love euphemisms.).
I'm sure there are other things I am missing. If anyone has any thoughts or suggestions that we need to consider I would love to hear them. If we do take the plunge directly from Starwood, we would wait until we are there again to take advantage of the incentives. So, we have a little time.
TIA.
Hi - I am not a WSJ-BV expert, so others will have to chime-in on the details. We own a 2Bd/3Ba TH villa in the Hillside phase (VG) - as we like the ability to park outside our villa, and the semi-private pool/BBQ/patio area just a few steps away. Plus, we rarely go to the main resort, and like being away from the action.
As you seem pretty familiar with the BV section and appear to be looking at the 2Bd BV Loft... I have not seen many of these (if any) on the resale market. Also, you are looking for specific weeks that are not only Plat+, but also event weeks which come at a premium of a cost that is already very high. There are not many places to look other than RedWeek and Real Estate brokers on StJ.
If you buy from SVO/WSJ-BV you will get StarOptions, the ability to convert the SOs to StarPoints (not a good value, but does have convinence {sp?}factor), and likely additional SPs as incentives. None of these make up for the high premium you will be paying for the Plat+ special weeks at BV (which is really high iirc).
Then there is always just renting the week/villa type you want - as it will take years to make up the difference (if you live that long...)
However, if this is what you want and can afford it - then your only recourse is to bite the bullet and buy from SVO/WSJ-VG as it will likely take some time to either find these villas resale at the times you want (which will not come with SOs or the ability to convert, or incentives), or for their prices to come down to make it worth it.
Also, WSJ-BV may be holding back selling all VOIs (TS weeks) for the BV phase until enough our sold from the original buildings. I have no idea where they are yet with the sale of BV, but there were empty buildings last time I checked (2011). Most likely - because of this - SVO is subsidizing WSJ-BV.
The future MFs for BV (once sold) is a major question/issue because it appears that once a resort is sold out the MFs appear to jump. This makes sense because SVO/WSJ-VG want to make the appearance that the MFs are low in order to sell. Once this is gone, then SVO moves on and has no incentive to keep MFs reduced (I have no concrete evidence about this other than history from other resorts).
I would PM jerseygirl about BV (not sure if she is reading TUG or this thread nowadays) - she knows a lot of what goes on at WSJ, and owns WSJ-BV. She may be able to get you the financials (which are part of the MF report) - but be aware that these reports may not reflect the future financials (and thus MFs and potential refurbish costs). Also, be aware of the property taxes which are always under attack for StJ. Somehow, BV is not hit as hard as VG, but that could always change.
WSJ-VG got out of control finance wise, and Owners paid dearly for the HOA not keeping up reserves (at the cost of very low MFs - relatively) - those times have changed, but at least we have 2 WSJ-VG Owners on the HOA who are paying attention and looking our for our interests (this is my opinion - and not shared necessarily by those who were happy with the status quo, and the refurbish and maintenance issues that started this thread by me many years ago).
good luck.
Last edited: