What are my options?

[riverdoglb]

I have Kierland EOY unit worth 81,000 Staroptions for 2008 that I'm probably not going to use. We went to Whistler and stayed in the hotel instead.

I've never converted to Starpoints or transferred to another timeshare (RCI, II ? - I think that's what they're called) and don't know the limitations and timing involved. Can I transfer the Staroptions into one of those for next year or are my only options to convert to Starpoints or use it this year?

Thanks!
riverdoglb

 

[DeniseM]

Hi River Dog!
When you get a chance, check out the FAQ at the top of the board for a good overview of how Starwood works.

I've never converted to Starpoints or transferred to another timeshare (RCI, II ? - I think that's what they're called) and don't know the limitations and timing involved. Can I transfer the Staroptions into one of those for next year or are my only options to convert to Starpoints or use it this year?

Staroptions can only be used for Starwood internal exchanges - that can't be deposited with an outside exchange company or rolled over to the next year.

However, you can deposit your week itself with an outside exchange company and the deposit would be good for 2 years for you to make an exchange. Most of us favor II, because Starwood resorts have a priority for other Starwood resorts when exchanging.

You could have converted to Starpoints earlier in the year, but it's too late to do that now - the deadline was March 31st.

 

[tomandrobin]

You are part the point of converting from Staroptions to Starpoints. Since Kierland is a Mandatory resort, you have an II account. Why not deposit the unit in II and try to trade out. Your deposit would be good for two years.

You can not bank or transfer Staroptions.

If your unit is a Lock-off unit, you can separate and deposit both halves.

 

[riverdoglb]

OK maybe silly question but what is II or what does it stand for?

I thought I might be too late to convert to Starpoints.

Am I correct in saying both Denise & Tom are telling me the same thing about depositing week in II?

Thanks!

 

[lll1929]

Interval International (II) is a timeshare exchanging company.

 

[DeniseM]

OK maybe silly question but what is II or what does it stand for?

Sorry about that - Interval International is one of the 2 biggest exchange companies. Since you used the abbreviation, I thought you knew what it was.

I thought I might be too late to convert to Starpoints.

Am I correct in saying both Denise & Tom are telling me the same thing about depositing week in II?

Thanks!

Yes - as a Starwood owner (who I am assuming bought from the developer and not resale?) you already have a II acct., even though you may have never used it. You will need to call the Starwood desk at II to make a deposit. See this article for more info. - Starwood & II

You will also want to set up an online Acct. so you can monitor it yourself and also so you can do online searches for exchanges, yourself. You may also put in an on-going search with II (they will look for you) if you already know where you would like to go.

 

[SDKath]

You can also reserve a week in November through the resort and then rent out the week. You can likely recoup your maintenance fees doing that.

Take a look at TUG classifieds and Redweek for a good idea of what people are getting on rentals.

Katherine