only upside...maybe resale values will climb dramatically if SVN prices or "points" the new units into the stratosphere
I do believe that Starwood will increase the SOs required to exchange into ALL phases of WKORV/N. I think it's long overdue and perfectly fair given the amount of $ owners pay in MFs each year. Why should an owner who pays $1800 in MFs be allowed to exchange into a resort where the MFs are $2500-3000? The disparity makes no sense and it's bottlenecking SVN.
Plus, there is a historical precedent for increasing SOs for resorts in active sales as they've done this at both WLR and WSJ.
Assuming they do increase the SOs, I see them echoing WSJ's chart. The huge wrinkle in this plan is that Starwood coded Hawaii as platinum plus the entire year. I don't think it'd be fair, or realistic, to increase SOs for a 2 bdrm above the 148,100 threshhold year round. The only way around this would be to create seasons ex post facto, which would require awarding owners x SOs for exchanging OUT while requiring y SOs for exchanging IN.
If they don't create seasons, I don't know how they can significantly increase the SOs for Hawaiian properties without pissing off other SVN owners and potentially harming sales for villas that couldn't reach that 176,700 threshhold even if they banked one year.
It will definitely be interesting to see how they play their hand here.
As far as increasing the resale value at WKORV/N, I don't know. Certainly it should help sales to get more SOs in return for those high sky MFs, but that will be mollified significantly by the 33% increase in supply. Prospective buyers might actually hold off on buying now to see if they can get in more easily, and far more cheaply, using SVN or II, than in buying there.
And, of course, buyers tend to flock to the new and shiny.
