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Is WKV subject to ROFR?

Westnick

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I went to an owner update at WKV yesterday. Kierland is now part of Westin Flex as of 5 days ago. He said they are doing ROFR ON THE 2 bed LO platinum plus (148,000 SO). I asked him if that’s tru why didn’t they buy up all the platinum plus units the HOA was selling resale. He didn’t have an answer.
 

pacman777

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I went to an owner update at WKV yesterday. Kierland is now part of Westin Flex as of 5 days ago. He said they are doing ROFR ON THE 2 bed LO platinum plus (148,000 SO). I asked him if that’s tru why didn’t they buy up all the platinum plus units the HOA was selling resale. He didn’t have an answer.


Haha. Sounds like a bunch of sales BS. Definitely no ROFR on WKV. Also don’t think the part about it being in Westin Flex is accurate. Unless the flex part is that you can book at 8 months out just like any other mandatory resort. I wouldn’t think they would have enough deeds in the Westin Flex inventory to make it officially part of the program.
 

DavidnRobin

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Haha. Sounds like a bunch of sales BS. Definitely no ROFR on WKV. Also don’t think the part about it being in Westin Flex is accurate. Unless the flex part is that you can book at 8 months out just like any other mandatory resort. I wouldn’t think they would have enough deeds in the Westin Flex inventory to make it officially part of the program.

The Concierge attempting me to go to Owner Update said same thing to me about the WKV Flex - BS - there is no ROFR at WKV.


Sent from my iPhone using Tapatalk
 

DeniseM

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WKV is part of Westin Flex now - but owners who own conventional deeds are not in the Flex Program, unless they decide to convert.
 

Westnick

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Haha. Sounds like a bunch of sales BS. Definitely no ROFR on WKV. Also don’t think the part about it being in Westin Flex is accurate. Unless the flex part is that you can book at 8 months out just like any other mandatory resort. I wouldn’t think they would have enough deeds in the Westin Flex inventory to make it officially part of the program.
I just called owner services. There reply to Kierland being in the Westin flex is, it’s comming soon. 2 concierge and 3 sales people said it went into effect 5 days ago. Just passing on info.
Agree with ROFR. I asked them how many and what season were in the flex program and they told me they aren’t allowed to give me a number because it’s constantly changing.
 

DeniseM

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Clarification: They cannot force existing owners into the flex program. Owners who bought conventional deeds still own conventional deeds with Staroptions (and Starpoints, if you bought from the developer.) And you will continue to use your deeded weeks as you always have.

You would only own "Flex" if you bought flex, or converted to flex.

This was announced some time ago - there are other resorts in this group, such as Westin Mission Hills.

Here is that thread: https://www.tugbbs.com/forums/index.php?threads/new-westin-flex.266793/

The next logical question is: How will they get inventory for the Westin Flex Program?

-Vistana can buy units that are being sold on the open market.
-Vistana can convince owners to convert their timeshares to the Flex Program ($$$.)
-Vistana can keep units from developer sales, that go into foreclosure.

What they can't do: Force a deeded owner to convert to the Flex Program.
 
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