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Advice needed on Vistana Villages acquistion

Discussion in 'Vistana Signature Experiences (formerly Starwood)' started by regatta333, Mar 10, 2019.

  1. regatta333

    regatta333 TUG Review Crew: Expert TUG Member

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    I have the opportunity to acquire 2 EOY 2BD lockout units (one is Bella; the other Key West) for just the closing costs. Is there any downside to owning 2 EOY units as opposed to one annual one. I understand that the maintenance fees are just over $1,700 per year. Does that sound correct? It seemed rather high to me.
     
  2. Markus

    Markus TUG Member

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    There will be 2 VSE network fees, the first at the higher rate $150, and the second for $50. This assumes that you have no other mandatory deeds. If you do, then no fees.

    Markus
     
  3. regatta333

    regatta333 TUG Review Crew: Expert TUG Member

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    So, does the $1,700 in maintenance fees include the VSE network fees, or would the fees be on top of that?
     
  4. VacationForever

    VacationForever Tug Review Crew: Rookie TUG Member

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  5. regatta333

    regatta333 TUG Review Crew: Expert TUG Member

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    The maintenance fees are higher than I had expected, and significantly higher than a regular 2BD, which look to be around $1,200 per year.
    If I am expecting to mainly use these for locking off and trading, am I better off just waiting to find someone who is giving away a
    Sheraton Desert Oasis 2BD lockoff (only $1,150 annual maintenance)? Would I even able to give this away 10-15 years down the road
    if it outlived its usefulness?
     
  6. VacationForever

    VacationForever Tug Review Crew: Rookie TUG Member

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    The difference between a resale SDO and a mandatory SVV week is that the former has to use II to trade and it costs $$$ to do so while the latter includes a free II membership as well as having the ability to reserve at other Vistana resorts using Star Options without additional cost. You need to ask yourself the purpose of wanting to own either SDO or SVV. Do you just want an II trader or do you want to book within SVN? SVV 2BR L/O in the prime season yields 95.7K SO while in high season only 81K SO, for the same amount of MF. If it is 81K SO, you are certainly better off in picking up a SVV 2BR non-L/O prime season which yields 81K SO but at a lower MF.
     
  7. regatta333

    regatta333 TUG Review Crew: Expert TUG Member

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    I primarily intend to trade through Interval. The mandatory aspect was only attractive from the standpoint that it would be easier to get rid of down the road. I had looked in the Starwood database here and based on the maintenance fees reported for a regular 2BD, expected that the maintenance on a lockout would be somewhat comparable. With it being more than $500 per year higher, I am no longer sure it is worth it.

    I assume the trading preference it receives in II is only for Vistana resorts and would not include a preference for Marriott, correct?
     
  8. VacationForever

    VacationForever Tug Review Crew: Rookie TUG Member

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    It is not $500 higher. It is closer to about $300 higher. If you buy an annual, you only need to pay 1 SVN fee which is $145 a year. It includes a free II membership and free internal booking. With SDO, you will need to pay for II membership and exchange fees each time you trade in II.

    Yes Vistana trade preference is only for Vistana resorts, no Marriotts.
     
  9. regatta333

    regatta333 TUG Review Crew: Expert TUG Member

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    Thanks to all who responded. I've decided that this is probably not right for us.
     
  10. jdent1

    jdent1 TUG Member

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    Just to clarify the two bedroom l/o eoy annual fees are $744.52 not including the membership fee. So two contracts would be 744.52 x 2 = $1,489.04 plus $195 membership fee totaling $1,684.04.
     
  11. carpie99

    carpie99 TUG Member

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    Are these platinum units?? If so, can you share your contact :)
     
  12. jdent1

    jdent1 TUG Member

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    Gold or platinum - the maintenance fee is the same for EOY (Every Other Year) units
     
  13. carpie99

    carpie99 TUG Member

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    Yes but the StarOptions are different ....
     
  14. jdent1

    jdent1 TUG Member

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    Yes definitely!
     
  15. regatta333

    regatta333 TUG Review Crew: Expert TUG Member

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    Sent you a pm.
     
  16. carpie99

    carpie99 TUG Member

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    Thanks ... I went with a couple 1 bedrooms due to the lower MFs ... these are still awesome deals for a 1st unit into Vistana to get lockoff.
     
  17. capjak

    capjak TUG Member

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    That's a great deal if these are lock off and platinum. I use mine to go to Maui every year using staroptions.
     

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